The Loonie Hour Canadian Jobs Market is Weaker Than You Think
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Feb 14, 2025 The labor market in Canada may not be as robust as it seems, with underreported immigration outflows skewing employment data. Meanwhile, the real estate landscape is shifting dramatically, with banks offering 100% LTV mortgages on condos and ongoing price corrections in major cities. Concerns about US inflation and interest rates loom large, while Canada's new Fentanyl Czar tackles a pressing crisis. The political climate is also evolving, as support for the Liberal Party grows amid uncertainties.
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Investment Opportunity
- Consider Neighborhood Holdings for steady income and portfolio diversification.
- They offer private credit funds with a history of consistent returns in turbulent markets.
Real Estate Correction
- Investors are driving record-high condo listings in Toronto and Vancouver.
- Speculation on rising prices and rents is unwinding, putting pressure on the market.
Toronto Pre-Construction Woes
- A Toronto pre-construction condo buyer faces a $600,000 valuation gap.
- RBC offers a 100% LTV mortgage, effectively socializing potential losses.