Andrew Willis

Stocks, funds, science, technology, space, swimming. Senior editor @Morningstar.ca. Admirer of #fintwit meme accounts. Views are mine and definitely not advice.

[David Hicks @ALL_CAPS]

Ontarians vs Doug Ford on any policy.

[Andrew Willis @Andrew_M_Willis]

Sure!

[Andrew Willis @Andrew_M_Willis]

@TdLeaker @BestStephenD Well, because you faked it...

[Steve Saretsky @SteveSaretsky]

Housing starts plummeting. Good night, Irene!

[Inverse Cramer @CramerTracker]

Nothing to see here, just chicken wings trading at 145x earnings

Probably nothing

[Steve Saretsky @SteveSaretsky]

BC Government announces a home flipping tax. If a property is bought and resold within 2 years, there will be a 20% tax on profits.

[Scott Barlow @SBarlow_ROB]

BMO: "there is no version of reality where [housing] supply can be ramped up enough to meet the tidal wave of demand

[Andrew Willis @Andrew_M_Willis]

Unbelievable.

[U.S. Securities and Exchange Commission @SECGov]

The @SECGov X account was compromised, and an unauthorized post was posted. The SEC has not approved the listing and trading of spot bitcoin exchange-traded products.

[Ron Butler @ronmortgageguy]

How Bad Will Housing Supply Get In The Next Few Years? Really BAD

Forget about @JustinTrudeau promise of 3.5M Extra Homes in Canada or @fordnation promise of 1.25M Extra Homes in Ontario

We will build LESS Homes in 2O24 & in the key regions of BC & Ontario: lots LESS

2/

[Ron Butler @ronmortgageguy]

Mortgage Rates Are Headed Down: How Far & How Fast?

In the aftermath of the US Federal Reserve Chairman's complete capitulation on interest rates Canada Bond Yields continue to DROP TODAY

Next week we will see all sorts of 5 - Yr Fixed Rates in the 4% range

Big changes

2/

[Morningstar.ca @MorningstarCDN]

This Wide-Moat AI Stock May Surprise You https://t.co/m3vFDFWF49

[John Pasalis @JohnPasalis]

The Ontario Ford government's cut to post-secondary education contributed to the foreign student boom and to Ontario's current rental crisis
https://t.co/zZg2IdibTv

[Car Dealership Guy @GuyDealership]

INCENTIVES ARE STARTING 🔥

[unusual_whales @unusual_whales]

A year ago today:

[Hanif Bayat @HanifBayat]

From the hot Calgary housing market to the cooling Toronto one, real estate varies widely by region.

By comparing Oct. sales-to-new-listing ratios (SNLR) for Canadian cities it is clear that the Ontario real estate market is freezing.

Note:
SNLR > 60% Seller's market
SNLR < 40% Buyer's market

Toronto October Report:
https://t.co/8eRbJyMh3H

Vancouver October Report: https://t.co/V2xXHI7rVF

Calgary October Report:
https://t.co/JnP96UAeE5

#ToRe #VanRe

[Hanif Bayat @HanifBayat]

Canada Mortgage Renewal Stats

Until Aug. 2024:
Avg. each month ∼1% of all 7 Million mortgages in Canada will be renewed (∼70,000)

Aug. 2024 to July 2025:
The no. will increase to ∼1.5%/month (∼ 105,000)

% of Mortgages Renewing in 1 & 2 Years (July 31, 2023):

TD:
1 Yr: 9%
2 Yr: 26%

Scotiabank:
1 Yr: 13%
2 Yr: 31%

CIBC:
1 Yr: 16%
2 Yr: 39%

BMO:
1 Yr: 10%
2 Yr: 23%

RBC: (All Loans)
1 Yr: 18%
2 Yr: 41%

[Morningstar.ca @MorningstarCDN]

Canadian markets rallied today with the S&amp;P/TSX 60 up 1.37%. Sectors were in the green across the board with consumer, financial and materials sectors leading the way. Outperformers included $SHOP, $FM, and $GIL.

[Morningstar.ca @MorningstarCDN]

With inflation slowing in Canada, do you think the Bank of Canada is done with interest rate hikes? #economy #interestrates #poll