Nick Saklas

Finance, Real Estate, Tech, and Aviation

[Nick Saklas @nsaklas]

@danielfoch Hard to say. The rental market is flooded and cap rates on “market turned rental” housing would be terrible. I think the bigger problem is the impact to the banking system and the eventual disappearance of future supply because of the exit of construction jobs

[Nick Saklas @nsaklas]

Housing requires a spectrum of solutions. This is not one ANYONE was asking for. Terrible use of taxpayer funds.

[Steve Saretsky @SteveSaretsky]

I have no words

[Nick Saklas @nsaklas]

@spaceandtech_ Don’t these things need rebar?

[Ryan Williams 🇨🇦 | The Competition Guy @Ryan_r_Williams]

Every country facing $100 oil:

🇦🇺 Australia: fuel tax cut in half
🇪🇸 Spain: fuel tax relief
🇮🇹 Italy: fuel tax cuts
🇵🇱 Poland: major fuel tax cuts
🇵🇹 Portugal: fuel tax relief
🇫🇷 France: targeted subsidies
🇩🇪 Germany: price controls

🇨🇦 Canada: raised industrial carbon price 16%

[Nick Saklas @nsaklas]

Excellent advice here that friends and family should be following.

[Kurt Supe, CPA & Retirement Planner @KurtSupeCPA]

A 71 year old man dies in March.

Will. Trust. Beneficiaries on every account. He did everything right.

BUT he kept his entire life on his IPHONE.

Banking apps. Brokerage accounts. Crypto wallets. PayPal. Venmo. Credit cards. Passwords. Financial records going back many years.

And every photo he ever took. His grandkids. His anniversaries. Years of family memories that exist nowhere else.

His wife found a passcode scribbled on a piece of paper in his desk drawer.

It didn't work.

She tried everything. Nothing worked.

What followed was months of frustration and thousands in legal fees recovering accounts and memories that were never hidden from her.

A perfect estate plan on paper.

Zero estate plan for his phone.

Nobody ever told him his smartphone needed one too.

Here's the free two minute fix that could have saved her all of that. 🧵

[Nick Saklas @nsaklas]

@KurtSupeCPA That's a great list Kurt, thank you for sharing (will definitely relay to my family). Not sure how 2FA will come into play though. Even a master password to my Password Manager wont get them in without my authenticators, etc.

[Nick Saklas @nsaklas]

@RichardDias_CFA It doesn't change the profitability (or lack thereof) of the projects to the developers or their investors. Its a lubricant to keep the system moving to the benefit of buyers. Look at what % of the Canadian economy is dependent on construction. Not at all a transfer of wealth

[Nick Saklas @nsaklas]

@MarkJCarney @fordnation Good idea. Please do BC next.

[Nick Saklas @nsaklas]

@mobinfiltrator No chance someone ‘wants’ to pivot from a market project to a rental when near completion. You build to a different spec between the two and your cost would be too high. Returns would be awful.

[James E. Thorne @DrJStrategy]

For the record.

A Master Class in Incompetence: the Bank of Canada.

High energy prices are deflationary: they squeeze real incomes, crush discretionary spending, and deter investment, so the ultimate macro effect is weaker growth and downward pressure on underlying inflation, not a permanent inflation spiral. Yet you should fully expect central bankers to ignore basic economic theory and, as they did with wages and tariffs, misread a negative supply shock in oil as the start of a permanent inflation regime rather than a growth shock with only temporary price effects. It is hard to describe that repeated error—treating every cost shock as a 1970s rerun, as anything other than total incompetence.

The Bank of Canada just delivered a masterclass in that incompetence: leaving rates unchanged as Canada heads for a hard landing is not caution, it is negligence—tight policy into a weakening, energy‑squeezed economy is how you turn a slowdown into a policy‑induced recession, then blame “inflation expectations” after the fact.

[Angelo Isidorou @angeloisidorou]

How did this happen?

Imagine a government in power for a decade and all it can show for it is:

- Worst deficit ever
- Worst debt ever
- Private property crisis
- Healthcare collapse
- Defunding autistic kids
- Taxing seniors
- Drug/crime riddled streets

People want change.

[Nick Saklas @nsaklas]

Amazing shot 🤯

[Jacob Pacheco @JacobPacheco6]

OH MY GOSH. JON THURSTON!😱

Canada’s 🇨🇦Jon Thurston pulls off what might be one of the greatest curling shots EVER - threading it through the port and hitting the thinnest of runbacks.

Absolutely unbelievable.
#MilanoCortina2026 #Paralympics2026

[Nick Saklas @nsaklas]

@RealAlbanianPat How are the NDP possibly gaining seats? This can’t be accurate.

[Harman Bhangu @HarmanBhanguBC]

Deputy Minister of the Declaration Act Secretariat Jessica Wood is out. Good riddance.

But nothing actually changes.

She will be replaced. The $4 million DRIPA Secretariat keeps operating. And now David Eby is paying Doug Caul $250,000 to clean up a problem this government created.

The spending continues. The uncertainty remains.

The courts ruled the way they did because this government failed to fully consider the consequences of its own legislation. The legal ambiguity was not accidental. It was built into the framework. At every stage, we have seen poor judgment and careless drafting.

People need certainty.

Your home should not sit under legal ambiguity because of rushed, activist legislation.

When I am Premier, I will abolish DRIPA. I will end the confusion and restore clear, protected private property rights in British Columbia.

This province belongs to every British Columbian.

Join me.

Buy a membership. Vote in this leadership race.

https://t.co/cnmnc69xZm

Let’s Rebuild B.C. Together.

[The Real Mr Bench @therealmrbench]

David Eby needs to resign or be fired.

If you truly think Eby knew nothing about the feds recognizing Musqueam Aboriginal title in Metro Vancouver....
You really are dense.

This whole land claim title is the BC Premier's baby.

[Nick Saklas @nsaklas]

@GlobalBC Excellent. When can we adopt a new Premier?

[Nick Saklas @nsaklas]

@claudeai Why does the Microsoft 365 Connector show up on the website but not in the desktop application?

[Dallas Brodie @Dallas_Brodie]

This budget is a complete failure, and that’s because it is rooted in socialism. It's a mockery to even call it a budget - it really should be called "The Diary of a Shopping Addict."

[witcheer @witcheer]

https://t.co/5S1h6MEA8c

[Nick Saklas @nsaklas]

@ashtom @EntireHQ I have no idea what you just said, but it sounds exciting. Congrats on the launch.