Mike’s Midweek Comment

Bank of Canada Interest Rates, the Economy & Misery Loves Company

Today the Stephen Poloz, Governor of the Bank of Canada said they are keeping rates the same for the 15th time in face of uncertainty.  Also his views of the economy, challenges from the US including the selloff of their strategic oil reserve and more….

…also from Mike: Is Cancelling Kinder Morgan the Best way to reduce emissions.

TOR352-CNEWS-US-CANADA-CENB

Political Uncertainty & The Stock Market

The markets show weakness on the heels of Donald Trumps political problems that suddenly place his market positive tax agenda in jeopardy.

…also from Michael: Homeowners Beware – Canada Needs Money Now

13896406 G

Whose in Charge of BC Now?

Big Challenges as BC gets Minority Government – NAFTA, healthcare, Softwood Lumber tariffs, the efficiency of the tax system, are just a few of the problems made suddenly more difficult.

…related: Battle of the NDP titans – BC vs Alberta

bc-lxn3a

A Dive Into April’s Real Estate Numbers

A big overall decline of 25.7% in sales this Apri vs last April, but single family detached sales down 39%. Dramatically reduced supply is keeping prices firm. Much more….

….also from Michael: Mike’s Official BC Election Platform

Capture2-984x500

Trade Troubles & Real Estate Slowdown

It’s election time and the effects on markets and provinces of Donald Trump saying up to a 20% average tariff on softwood lumber is big news with 60,000 jobs in BC on the hook, especially with some other duties running as high as 35%.

…also from Michael: We Are Caught In A Time Warp

west-fraser-timber-company

Affordable Housing – The Missing Ingredient

The Vancouver Board of Trade hosting a Forum on Affordable Housing, the Provincial and Federal ministers preparing “to do something” about Toronto’s blistering hot market & Mike fills in the gaps with what’s missing in the current discussion.

….also from Michael: Unexplained Spending Disappearing Money & Trouble Ahead

Screen Shot 2017-04-19 at 7.40.01 PM