Tablesalt13🇨🇦🇺🇲

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

*yield.

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Look, if you're renewing from 2020 mortgage lows

you can expect to pay AROUND an extra $250/mo

PER 100k borrowed.

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Congrats Canada.

We made it.

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Call up your mortgage guy!

Call up your precon guy!

...and have them tell you cant get any more money because they never used variable for your pre-approval to begin with.

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

In Canada, if your family income goes above $90,000 you've lost:

-44% of all of your Canada Child Benefits
-100% of the Canada Dental Plan (coming soon, but not to you)
-100% of the Canada's Worker's benefit
-GST/HST tax credits
-Plus, potential clawback of your OAS and GIS
-PLUS any provincial programs
-PLUS access to hydro rebates
-PLUS access to subsidized housing
-PLUS access to low income transit passes
-PLUS, of course, access to social assistance

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

🚨🚨BREAKING

GDP PER CAPITA IN CANADA FALLS TO 2014 LEVELS

STANDARD OF LIVING PLUMMETING AT UNPRECEDENTED RATE

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

You know its true because you can FEEL it and SEE it all around you.

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

If NVIDIA liquidated at its current market price it could do any of the following:

-Buy every public traded company on the TSX

-Pay off every single Canadian's mortgage

-Pay off all government debt in Canada

-Float the entire CDN economy for 1.5 years

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Any questions?

HT: @SteveSaretsky

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

The US bond market is suggesting there has been

ZERO PROGRESS since Oct 2022

in combatting near-term inflation

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Canadians often dont understand

That the "dont pay off your primary mortgage early" financial principle

comes from the US

Where interest is deductible and everyone is locked into 2.5% 30 year mortgages....

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

The only thing comparable to paying off a 5-6%+ primary mortgage

is 100% equity investments inside a TFSA

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

WTF

"One of the challenges we've been having when it comes to housing is population growth...."

Like he has no control over it!

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Canadian Dream Turns Into Nightmare For Many New Immigrants to Canada

High shelter prices causing many to become disenchanted ... and even depressed in Canada

🎥👇

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Whoa!

You can spend 3 years in Canada, move away.... and then when you give birth in another country your child can STILL get Canadian citizenship?

Is this a good idea?

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

YOU CANT BEAT THE MARKET OVER THE LONG TERM

I did a deep dive on CPP 6 months ago

Many disagreed with me

The active management fees get us nothing. Hell, they hardly even invest in Canada.

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Yes they'll always be that one guy who bought 0DTE options and made $1B

That guy isn't going to be you. (Probably)

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

🔥NEW

2.3% of the population of Brampton are international students.... 90% of the students are from India

and 63.3% of them live in unsuitable housing conditions

-Stats Canada

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

Shelter CPI (orange) vs all CPI (Blue)

Shelter CPI decoupled from CPI in May 2023. It has lost all correlation to monetary policy and government intervention.

They've totally lost control of the market.....The ship is totally rudderless. No plan. No strategy.

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

This is the problem that Canadian debt holders have

You're not subject to the whims of the Bank of Canada

You're subject to the whims of the US Federal Reserve