

Canadian Banks Forecast Steep Declines in the Condo Market
May 9, 2025
Canada's condo market faces significant price declines, sparking discussions on the need for central bank interventions like quantitative easing. The speakers delve into the effects of trade disputes on housing sentiment and economic forecasts. They humorously explore feng shui in real estate and reflect on a major investment meeting with insights on market dynamics. Political rhetoric and manipulation also take center stage, highlighting the interplay between government actions and economic challenges, particularly in the mortgage sector.
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Warren Buffett's Last AGM
- Rich Diaz and Boomer attended Warren Buffett's Berkshire Hathaway AGM in Omaha, experiencing a packed and intense six-hour event.
- Buffett impressed with his clear investment approach and deep respect for his late partner Charlie Munger.
Condo Market Oversupply Insight
- Toronto and Vancouver condo markets are facing steep price declines and inventory buildup, signaling oversupply.
- Trade war uncertainty freezes demand, prolonging high inventory levels and pressuring prices downward.
Trade Clarity to Boost Demand
- Resolving trade uncertainties will likely restore some housing demand and help stabilize inventory levels.
- Watch for normalized demand to reduce surplus but expect elevated inventory for some time.