reply on: Ontario’s Real Estate Industry Loses 45,000 Workers in 1 Year (25% of total) \ stacker news ~econ

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561 sats \ 2 replies \ @grayruby 17 Feb \ on: Ontario’s Real Estate Industry Loses 45,000 Workers in 1 Year (25% of total) econ

I am not surprised at all by this. How many people became realtors, even if it was just part time, during the peak of low interest rates and housing craziness in Canada. It's a good counter signal like people buying jpegs for 2M bucks.

50 sats \ 1 reply \ @kr OP 17 Feb

for sure.

what’s your take on canada’s real estate market moving forward? is the industry going to be buoyed by spring interest rate cuts or is there still a lot of rough water ahead?

939 sats \ 0 replies \ @grayruby 17 Feb

If we get rate cuts I am sure it will buoy some buying and price appreciation. I have no idea what happens in the short term but I have been concerned about the long term stability of the Canadian housing market for many years now. Maybe it doesn't crash but maybe we have a lost decade at some point where it doesn't keep up with inflation.

People intuitively know they need to short the dollar (in this case the Canadian dollar) in the long run. They just haven't figured out that Bitcoin is a better way to do this than real estate.

(I still think people should own their own home. But buy a home because that's where you want to live and you can afford it not because you are trying to maximize investment return)