Maher Khatoun

[Maher Khatoun @KhatounMK]

@TheophanesRex The 817 k include all the international students' university and college admissions.
Every year, students graduate, and new cohort of 1st year students are brought in. This is what the 817 is made up of.
In general, the student population is going down.

[Maher Khatoun @KhatounMK]

@BenRabidoux @WOWA_Canada Very important caveat:

When measured in USD, taxes on canandians are higher because of the lower exchange rate (tax brackets are set in CAD).
So when the loonie is depreciating, it looks like our taxes are increasing when measured in USD.

[Maher Khatoun @KhatounMK]

@xelan_gta Did the rental inventory just set an all time high? Basically, every week now?

[Maher Khatoun @KhatounMK]

@SteveSaretsky 20% average increase for 60% of all mortgages is still massive. It's the ones renewing for the first time that will see the biggest $ figure since they were larger mortgage to begin with. Those will see way more than 20%

[Maher Khatoun @KhatounMK]

@LionsdenforU @ronmortgageguy This pwhole class of investors was possible because of zirp and low productivity. Zero interest rates for 12 years distorted the Canadian economy. It will take another decade at least.

[Maher Khatoun @KhatounMK]

@AmazingZoltan The answer is more debt ????!!!!!!! Canada already has the highest household debt on the G20.

Prices need to come down, period. It's the land that's way over valued.

[Maher Khatoun @KhatounMK]

@RToytech @satvir_singh27 @SteveSaretsky The 300K are already here in Canada as students or temp workers.
So we won't be importing anyone new for a while

[Maher Khatoun @KhatounMK]

@this_is_JF @JohnPasalis Only temporarily. The added demand drives prices higher eventually.
It's a demand stimulus, without the supply.

[Maher Khatoun @KhatounMK]

@ManyBeenRinsed Still conditional. Sale hasn't closed yet. And $899 is not the sale price, It's the listing price. Will probably sell for more. $1M+

[Maher Khatoun @KhatounMK]

@eloffd @danielfoch The price of oil collapsed. Unfortunately, the Lonnie is petro-currency

[Maher Khatoun @KhatounMK]

@JShamess The risk of holding CRE is a lot more than simply comparing it to a GIC.
This is actually a fundamental MISUNDERSTANDING of what a cap rate is. A cap rate is NOT an ROI figure.

[Maher Khatoun @KhatounMK]

@abrar501 @ronmortgageguy A recession will fix all this mess. Unfortuently, there will be a lot of losers, though.
And it's not going to be by choice. The goverment will try to do what it can, but It's hard to avoid it at this point.

[Maher Khatoun @KhatounMK]

@xelan_gta Rental inventory growth is the interesting one. Shouldn't be starting the seasonal decline now?

[Maher Khatoun @KhatounMK]

@uzuibhunu @MikePMoffatt Because without it, they don't qualify. House is worth 1 million they only qualify for 800k. So, they need a bigger dp to qualify for the house they want

[Maher Khatoun @KhatounMK]

@gas_biz Simple. Usually, it is too risky for banks. The LPs have a higher appetite for risk and want the higher returns. Perfect example of the market providing opportunities for all.

[Maher Khatoun @KhatounMK]

@Andrew1Whyte @ronmortgageguy Proabbly. But it might up in the courts, and they'll decide. And that's why this is going a hell of a mess to deal with.

[Maher Khatoun @KhatounMK]

@Andrew1Whyte @ronmortgageguy It's not just the DP. If you don't close, the builder can and usually does sue the buyer for all that they've got until he gets back his money. If it sells for less, the original buyer is liable for the difference.

[Maher Khatoun @KhatounMK]

@ac_eco @Baystboy @danielfoch @paulvieira The worst is when they realize that rate cuts don't automatically translate to lower mortgage rates. The canadian bond yield curve follows more or less the US bond yoled. And if inflation is still higher in the US no releif here.

[Maher Khatoun @KhatounMK]

@rob_siglio All this Drama and the world is ending, and we are barely in a buyers market. What will the sentiment be when we are hit a firmly buyer's market.

[Maher Khatoun @KhatounMK]

@SteveSaretsky @MarcMillerVM Until recently, after the law was deemed unconstitutional, any Canadian could pass down citizenship to their offspring forever even if they haven't set foot in Canada. So this is actually making it stricter. @BenRabidoux probably can speak to this.

[Maher Khatoun @KhatounMK]

@SteveSaretsky @MarcMillerVM This is nothing. Yes, the timing is unfortunate. But also, they are being stricter. This relates to Canadian CITIZENS born outside of Canada having children born also outside of Canada. If anything, it's stricter now, forcing the parents to have lived in Canada.