The likely incorrect thesis is that there will be fewer rental properties and investors. Much like in many states in the US where there are high property taxes, there are fewer investors and homes are more likely to be purchased for living in, like they were designed to do. Which then impacts...
I have an idea that no one will like. Increase property taxes across the board. You want to be more investor repellant? There's your ticket. The taxes are unfathomably cheap here at the moment.
Dyor. I don't actually know if this will work. But anything that increases carrying costs will...
The other bit is that home owners aren't feeling enough pain to drive prices down. Most are straight up rich themselves and are not dropping their asks. Granted, no one is buying these days either. But without real pain and desperation, prices ain't gonna fall.
Supply-demand and general wealth within an area drives prices more than anything. There's a bit of misinformation that income is correlated with home prices, which is wrong, not how it works. .
Saw recently that Toronto is 12th or 13th on the list of wealthiest people measured by liquid assets...
https://x.com/unusual_whales/status/1906510321121992796?t=XspZo4EfpCiJfO7En9HXZA&s=19
Futures with some nice blood. On track to set YTD lows tomorrow morning on the s&p 5 hunge.
“A lot of people want me to do it,” Trump said in a Sunday-morning phone call with NBC News, referring to his allies. “But, I mean, I basically tell them we have a long way to go, you know, it’s very early in the administration.”
I love that trump can't even take credit for the only good thing that he did. Libs will never admit it was good, and his base thinks it was terrible and pretend their master wasn't actually responsible for it.