RE:RE:RE:RE:Long awaited Canadian recession may be here next yearLike every investment, there is a time to buy and a time to sell. Real estate specuinvestors thought the party would never end because "Real estate never goes down" right and "They're not making any more land"... yadda yadda. We've heard all the cliches. In the 90's Canadian real estate was a dud but equity markets were ripping higher. Maybe those "condo investors" are feeling "recession" because they bet their money on the wrong horse now.
Torontojay wrote:
flamingogold wrote: Call it what you wish, this "recession" of yours has been wonderful for my portfolio aside from a few lame ducks like RET.
Torontojay wrote:
flamingogold wrote: The bears have been dead wrong for 2 years. But, they may finally get to celebrate in 2025. If Trump follows through on his America First tariffs on all imported goods there is an increasing chance Canada takes it on the chin. Rising prices could mean a jump in inflation and a rate reversal by the BoC. China is in the crosshairs for sure, then Mexico and most likely Canada.
LOL, what planet are you on?
We've been in a "per capita" recession for 2 years now. Back in the day when I studied economics we were taught that a recession to be defined as 2 consecutive quarters of negative GDP. This was a basic definition of a recession. Now with immigration at astronomical levels, they need to update this definition and focus on gdp per capita.
Not great for the Canadian banks or a piece of real
estate. Go ask a condo investor in downtown Toronto how well he's doing. The numbers don't make any sense anymore.
What's different this time is that the Canadian stock market is very cheap on a P/E basis which puts a lower bound on prices. The US is much more expensive but they are performing much better on a productivity basis.