Erwin 🇺🇦🍁🥇🥇🥇🥇

Just a guy who invests in real estate, stocks and enjoys teaching others how. 4X Realtor of the Year to Investors

[Richard Dias @RichardDias_CFA]

So, I've slept on it, and I am still incensed about this condo bailout.

Mining and Oil & Gas companies have to beg, BEG, to sell our natural resources, which pay Canadians billions in taxes and royalties.

And then the Feds give that money to condo developers who "don't want to sell at a loss".

Are you effing kidding me?

Anyway, let the BOC know I've solved the mystery of Canada's weak productivity!

[Erwin 🇺🇦🍁🥇🥇🥇🥇 @MrHamiltonDotCa]

@DownToBlack You author the best baseball analytics content. You will be missed and don’t blame you. There’s so much hate on this platform

[Erwin 🇺🇦🍁🥇🥇🥇🥇 @MrHamiltonDotCa]

@NitaKang Yes please!

[The Kobeissi Letter @KobeissiLetter]

Trump is going after the US housing market:

President Trump just announced he is BANNING single-family home purchases by institutional investors.

Within minutes, Blackstone's stock erased as much as -$17 BILLION today.

What happens next? Let us explain.

(a thread)

[Jay Parsons @jayparsons]

If you don't like absentee landlords who don't maintain their properties, you should be ultra YIMBY.

Why?

COMPETITION forces out bad landlords. A lack of competition allows them to fester.

More housing = more competition for landlords = more options for renters. That's the ultimate tenant protection.

[Morgan Downey @morgan_downey]

To the new Venezuelan oil bulls with the "300 Billion Barrels" largest-in-the-world reserves charts today, the real number is 25 billion.

Congratulations, welcome to the Orinoco Belt.

API Gravity: 8° ("Extra Heavy"). Sulfur: High ("Sour"). Metals: Yes, lots of Vanadium (poison to refinery catalysts).

It's not Light Sweet Crude; it's road pavement that hasn't dried yet.

Chemistry is a wonderful thing, and the industry can turn this sludge into jet fuel, but it costs a fortune.

In reality, Venezuela's economically recoverable reserves are 25 billion barrels of heavy, sour, metallic oil.

Today's free Oil 101 lesson: Volume is vanity. Viscosity is sanity.

[Martin Pelletier @MPelletierCIO]

Arbitrage opportunity 🤫

[The Kobeissi Letter @KobeissiLetter]

The Venezuela plot thickens:

While Venezuela holds 303 BILLION barrels of oil reserves, much of this is HEAVY crude oil.

Texas and Louisiana also *happen* to have 6 of the LARGEST HEAVY crude oil refineries in the world.

What does this mean? Let us explain.

(a thread)

[Erwin 🇺🇦🍁🥇🥇🥇🥇 @MrHamiltonDotCa]

@RobLeth @redvineski 🔥🔥🔥

[Erwin 🇺🇦🍁🥇🥇🥇🥇 @MrHamiltonDotCa]

@ginacostag_ @grok "I need to fly from Toronto to Hong Kong between departure in mid December and return around Jan 1st. Analyze the typical pricing patterns for this route. What are the cheapest days to fly, best times to book, and any seasonal price variations I should know about?"

[Richard Dias @RichardDias_CFA]

From 1994 to 2015, U.S. and Canadian Real GDP per Capita moved lockstep. Since then, the disconnect, which started with an oil-focused recession, has persisted. This is in part due to the collapse in Non-Residential Business Investment, which in turn has hurt Productivity.

[Hedgeye @Hedgeye]

BREAKING🚨: An ounce of silver is now worth more than a barrel of oil.

This has only happened once before.

[Richard Dias @RichardDias_CFA]

Even after the major upward revision of Real GDP (years '22-25), Canada's per capita Growth (from 16) is still the worst in the G7.

It is in line with Germany's dismal record, which faces the spectre of war, and climate seppuku and China.

It's actually quite amazing.😭 🤦‍♀️

[Ben Rabidoux @BenRabidoux]

Annual population growth was just 81k nationally in Q3 driven by big decline in temp residents, a key rental cohort

We have 175k rental units in construction pipeline

I keep telling people the math here is really simple. You're probably not bearish enough on the rental market

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

My biggest takeaway from today's Statistics Canada population release.

[Andrew Boozary MD @drandrewb]

this is why.

[TRIGGER TRADES @TriggerTrades]

BTC has been the leading indicator for every major S&P 500 peak going back to 2017.

Across cycles, Bitcoin has consistently topped 6–8 weeks before the S&P 500:

• 2017 → 2018
• 2021 → 2022
• 2025 → 2025
• 2025 → 2025 (projected repetition)

With BTC already down ~30% from its Oct 6 peak, the lead–lag structure looks like it may be repeating again.

[Ben Rabidoux @BenRabidoux]

Nearly 180,000 purpose-built rental units in the construction pipeline!

Go home developers....you're drunk!

@CMHC_ca

[Elon Musk @elonmusk]

Austin is booming!

[James Picerno @jpicerno]

US Consumer Sentiment Index approaches record low in Nov, dropping nearly 11% from Oct: the drop was "led by a 17% drop in current personal finances and a 11% decline in year-ahead expected business conditions": https://t.co/mPTa9Oeqwu