The Real Estate Novelist 🇨🇦🇺🇸🇰🇷

Michael A. Jones - PREC* | Royal LePage Kelowna
Agent of change🇨🇦🇺🇸🇰🇷 ( Not Financial Advice, and all opinions mine).

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@danielfoch @CondoChris Any mention of cap ex spend as reason for the cuts? I can find nothing except X commentary & speculation

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@danielfoch They were paying 21%???

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@wealthmoose And with a single stupid tweet he sets the agenda for the entire news and social media cycle.

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@Noahpinion Not sure what you write about. Looking forward to finding out. Just know that anyone who puts Peter Sellers for their profile pic deserves my follow!

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@MPelletierCIO Rates have already begun falling with growing competition.

https://t.co/KNE1kijTWP

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

With B.C. homebuilding economics in the toilet, the only meaningful lever left is development land priced to sell.

Building costs have risen. Labour costs have risen. Housing starts have fallen. In Kelowna, lot sales have dropped nearly 40% from last year.

Builders need a significant reason to take on new risk.

A land seller cannot control labour, materials, financing, permits, or future home prices. The seller can control the asking price.

If the land does not offer enough value to make development worthwhile, it will likely sit.

Sellers who genuinely want to sell must surrender the premium they hoped to receive. Otherwise, they are not responding to the market. They are adding to the problem.

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

The Kelowna condo market isn’t one market.

Jonathan Friesen describes today’s market as a “very unique buying opportunity.” That may be true for some condos, but not necessarily all.

Luxury waterfront projects, investor condos and entry-level homes each have different supply, demand and buyer behaviour.

The more precisely we define the market, the better we can judge the opportunity.

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

The old Ohio farmer tool. The only thing this chart seems to predict reliably is Credit Cycles. Strangely enough, those align smashingly with the fear & greed cycles.

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@danielfoch And the realtor incentives the perfume

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

Royal LePage Q2 2026 Market Report:

Kelowna & the Central Okanagan’s Spring Recovery Looks Real. A Seller’s Market Does Not.

- Aggregate price +4.3% from Q1
- Detached +5.9%
- Condos +5.8%

Aggregate prices remain 3.1% below last year.

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

Low rates aren’t enough to restart the Okanagan’s housing market. Not when job confidence & household finances remain weak. Kelowna’s recent jobs report explains a lot.

Bottom line: buyers continue to have the luxury of time & choice. For sellers actually wanting to sell, accurate prices, strong presentation & close attention to competitive listings is key!

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

This needs to be watched.

[The Kobeissi Letter @KobeissiLetter]

Crypto funds are showing their first signs of a recovery:

Crypto ETFs attracted +$281.8 million in inflows last week, the first weekly inflow since the 2nd week of May.

Bitcoin funds posted +$197.4 million in inflows, while Ethereum funds attracted +$84.4 million.

This also marks the end of an 8-week streak of outflows, totaling more than -$7 billion.

As a result, trailing 12-month inflows are down to +$1 billion, from +$10 billion in late April.

By comparison, inflows peaked at +$12 billion in October 2025.

Buyers are beginning to return to the crypto market.

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@MPelletierCIO Meanwhile…https://t.co/IZAW1J4GCg

[Lukas Ekwueme @ekwufinance]

Canada is the only G7 country without any gold reserves despite being the world's fifth-largest gold producer.

In 1965, Canada's gold reserves peaked at ~1,023 tonnes.

Over the following decades, it sold virtually all of its gold at an average price of ~$122/oz in favor of Treasuries because they were more liquid and offered a yield.

That same gold would be worth over $130B today.

Meanwhile, gold has become the largest reserve asset held by central banks.

Don't be like Canada and sell your gold on the cheap.

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@greg16676935420 Because those eyes are as mesmerizing at that little squirt of poop coming out its wormbutt.

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@MarcNixon24 By claiming they saved us from this. Because...you know....logic. https://t.co/dUeVGDQQ0O

[Evan @StockMKTNewz]

The United States 🇺🇸, Japan 🇯🇵, and South Korea 🇰🇷 just signed a new pact around working together to accelerate

Small Modular Nuclear Reactor Development

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@brianlilley Meanwhile, back in the U.S. of A…

https://t.co/9y55GXHyvu

[Evan @StockMKTNewz]

The United States 🇺🇸, Japan 🇯🇵, and South Korea 🇰🇷 just signed a new pact around working together to accelerate

Small Modular Nuclear Reactor Development

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

@Barchart

[The Real Estate Novelist 🇨🇦🇺🇸🇰🇷 @findyoursunset]

And what did Canada do this week?

[Evan @StockMKTNewz]

The United States 🇺🇸, Japan 🇯🇵, and South Korea 🇰🇷 just signed a new pact around working together to accelerate

Small Modular Nuclear Reactor Development

[Krzysztof Szczawinski 🇵🇱 @Kristof_Poland]

On communism – in summary:

1. Communism no longer comes for your property. It comes for your reality. The West still pictures bread lines and gulags, a failed economic theory safely buried in 1989 – that was only ever the surface symptom. Leftism-communism is the most insidious destructive force in our world today, and it survives every empirical refutation for one reason: it was never really an economic theory. It doesn’t care about the truth. It only seeks power.

2. At its core it is a civilizational cancer – a machine for distorting reality through constant lies, rewritten history, and the systematic corruption of truth. It practices negative selection: it promotes the ambitious sociopaths, the ideologues, and the conformists, while the honest and the competent are sidelined or destroyed. Talent, integrity, and productivity become liabilities. The body count runs to roughly a hundred million. But the deeper kill is spiritual – trust eroded, excellence punished, reality itself subordinated to raw power.

3. What has changed is the method, not the logic. Tanks and gulags were crude, visible, self-defeating. Today it does not confiscate – it destabilizes. Chaos is the new collectivization. Every manufactured crisis follows the same structural logic: disorder is produced, fear is maximized, and in the panic that follows, transfers of power occur that would have been politically impossible in calm times. You do not notice the expropriation, because you are too busy surviving the emergency they built for you.

4. The fuel running this engine is the Systemic Lie – not ordinary propaganda, but a managed reality in which the categories of thought themselves are corrupted. Productivity is renamed exploitation. Order is renamed fascism. Resistance is renamed hate. A population that cannot name extraction cannot resist it – that is the design, not a side effect. Polish has a word for what results: zakłamanie, a society so saturated with lies that truth becomes almost inaccessible. Obłuda is the mask of falsehood worn so long it begins to feel like a face.

5. This is why the ideology did not die in 1989. It mutated, migrated, and entrenched itself inside the institutions of the civilization it had set out to destroy. Under a system of institutionalized lying, the loyal are promoted and the honest are pushed out, until the institution fills, top to bottom, with people selected specifically for their unreliability. That is not inefficiency. That is institutional rot at the genetic level. People learn to say the words, attend the meetings, sign the statements – and inwardly check out entirely.

6. The damage was never only in the ideology. It was in the people – the habits of mind that decades inside a system of lies produce, habits that do not evaporate with a change of government. The decisive terrain now is institutional: the schools, the media, the corporations, and above all the artificial intelligence systems being trained at civilizational scale on values that half the civilization never chose and was never consulted on. Whoever writes the values into the machines will have more influence over the next century than any election result.

7. This is where civilizations are actually won and lost – not in grand gestures, but in millions of daily, invisible decisions about whether to say what you actually see. Every person who refuses to perform the lie one more time is doing something larger than they know. Name the chaos. Name the lie. The naming is the resistance.

Tell the truth, have courage, and build.