GroundBreak Ventures

[GroundBreak Ventures @GroundBreakVC]

This is so sad. And unnecessary

[Build Canada @buildcanada]

It’s true.

Canada is facing an IPO drought.

[GroundBreak Ventures @GroundBreakVC]

Housing Month is Approaching. Join us! https://t.co/fNTYx5RNdL

[GroundBreak Ventures @GroundBreakVC]

Why not go for the lead?

[John Ruffolo @ruffoloj]

Well done Comrades in BC!

[GroundBreak Ventures @GroundBreakVC]

How about policy ideas that don’t default to tax the rich? Can we not be even a bit creative??

[Jeffrey Gundlach @TruthGundlach]

So you want to “tax the rich”, do ya?

The LA “Mansion Tax” in its first 3 years has resulted in:
* a revenue DECREASE of $452 million
* 9100 new home constructions blocked (1000 of which were “affordable housing”)
* 16,650 full time construction jobs lost

[GroundBreak Ventures @GroundBreakVC]

Builders and developers take note.

[CTV News @CTVNews]

Carney suggests immigration increase is on the horizon in New York Times interview https://t.co/fYANFqSatp

[GroundBreak Ventures @GroundBreakVC]

There are valid points of criticism here for sure but a) you’re not controlling for market conditions here in terms of starts and b) there’s quite a bit of technology progress that is crucial to medium term productivity gains…we’re not going to flip a switch and turn on factories…have to start somewhere.

[Ron Butler @ronmortgageguy]

Build Canada Homes Is The Carney Government's Signature Housing Program: TOTAL Failure

The PM created a whole new Agency with massive salaries & offices to do a job CMHC was doing

Because: "Faster & Bigger than Ever Before"

Well... no not happening

LESS New Builds Today

2/

[GroundBreak Ventures @GroundBreakVC]

You know what they say about necessity and innovation….

[CP24 @CP24]

Toronto and Vancouver were ranked among the weakest real estate markets in the world. Here’s why https://t.co/NUYfUQdwwF

[Dr. Mike P. Moffatt 🇨🇦🏅🏅 @MikePMoffatt]

The Globe and Mail asked a bunch of policy wonks for their ideas to improve our tax system. Mine: A "like-kind exchange" to get new rental apartments built in Canada rather than the US.

The full piece here: https://t.co/kde1NyGtqZ

[Steve Saretsky @SteveSaretsky]

Breaking: Newly found data shows greedy U.S. developers began hoarding completed homes in 2006, and hoarded twice as many by 2007.

Strange that they decided to get greedy right as buyers disappeared.

All they needed was the Eby unsold condo tax and we could've avoided the Global Financial Crisis. Can't believe policy makers never thought of that.

[GroundBreak Ventures @GroundBreakVC]

Both sides of this pivot make zero sense. #wecandobetter

[Steve Saretsky @SteveSaretsky]

Eby backing away from his condo bailout and hard pivots to a 2% "empty condo tax" on developers if new units sit vacant.

My jaw is on the floor. Not because he backed away from the condo bailout, but because instead he decided to nuke an industry already teetering on collapse.

[GroundBreak Ventures @GroundBreakVC]

Um…obsolescence risk is poorly priced #understatementoftheyear

[Joe Weisenthal @TheStalwart]

PIMCO faces an 85% wipeout on a AAA-related bond for a Philadelphia office complex.

Great read on the state of CRE in some of these non-prime markets https://t.co/Xeu61pAVUb

[SECTOR Advisors @SECTORAdvisors]

#snag, a Brooklyn, N.Y.-based AI-powered marketplace for sublets and short-term rentals, raised $4 million in seed funding. Slow Ventures led the round and was joined by Long Journey Ventures, Chamaeleon, and angel investors. #technology

[GroundBreak Ventures @GroundBreakVC]

We need to rethink the supply chain urgently

[Ron Butler @ronmortgageguy]

My Constant Reminder Canada Is Reaching A Point We Don't Build Houses People Can BUY

- It's bad
- It's getting worse
- It's wrong for our country's future

This stuff is indisputable: it's not just we are building less Housing

The little we do build is overwhelmingly Rental

[GroundBreak Ventures @GroundBreakVC]

This is a social crisis unfolding in slow motion. The answer will come from technology. Perhaps we can start prioritizing housing innovation vs AI apps that evaluate the effectiveness of AI apps?

[unusual_whales @unusual_whales]

"Apartments designated as affordable are sitting empty as the poorest in the U.S. cannot afford them," per NBC

[Dr. Mike P. Moffatt 🇨🇦🏅🏅 @MikePMoffatt]

This is really smart. The federal government is now allowing full capital expensing on 2/3rds of capital investments by businesses to incentivize investing back into companies, rather than sitting on dead money.

https://t.co/Smgab55KZd

[Jason Helmes @anymanfitness]

Buying a house that faces the right way is an absolute game changer.

We wanted:

- big windows in our kitchen/great room and clear space facing east to catch the sunrise when we wake up

- big windows in the bedrooms facing west to catch the sunset

- a back deck in the east so when the sun was hot in the afternoon we would have shade

It all worked out perfectly. Think about these things before you buy. Simple stuff that makes a huge difference.

[GroundBreak Ventures @GroundBreakVC]

So we are funding AI to oversee how AI agents work with existing software but we cant build homes people can afford? 🤯. Brilliant SF minds need to reprioritize.

[SECTOR Advisors @SECTORAdvisors]

#Lightsage, a San Francisco-based platform that runs simulations to understand how AI agents interact with software products, raised $4 million in seed funding. Nexus Venture Partners led the round and was joined by angel investors. #technology

[SECTOR Advisors @SECTORAdvisors]

#Lightsage, a San Francisco-based platform that runs simulations to understand how AI agents interact with software products, raised $4 million in seed funding. Nexus Venture Partners led the round and was joined by angel investors. #technology

[GroundBreak Ventures @GroundBreakVC]

Seems people are finally paying attention. This is a generational crisis and impacts the very essence of our social fabric. But, hey, at least we get AI slop on demand. 🙄

[Nate Geraci @NateGeraci]

Might be the single most important financial chart in politics right now…