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Has the chill started in Calgary?
While house sales rebounded in the GTA last month and flat-lined in the LM, they crashed in Cowtown. “Calgary’s residential resale market delivered its clearest signal yet in May 2026 that the city’s post-pandemic boom has given way to something more cautious,” warns a publication aimed at mortgage lenders.
Indeed. Sales...
Did you hear that one in five people now turn to ChatGPT for help with life and mental challenges?
Silly humans. They should come here. We even do dogs. And marriages.
Today, let’s do Jon.
“I’m heading towards a mid-life crisis,” he says, “and I need a kick in the pants to set me in the right direction. From my years of reading your blog, I think ...
The inflation number starts with a ‘2’. Mortgages these days cost half the 20-year average for rates. The carbon tax is gone. The increase in capital gains taxes was scrapped. The stock market hits a fresh record high routinely. House prices have fallen in 2019 levels. And Canada has stood up to the tariff assault of our biggest trading partner in a way economists tho...
Is Canada broken?
Over the weekend – while my fancy portfolio manager buddy Ryan was writing a blog saying Mark Carney was on the right track – came word Canada was in recession. Maybe. Well, sort of.
There was a slight contraction in the latest quarterly data which meant that over the past three months the GDP shrank by 0.6%. Compare that to the 5.4% th...
What have we learned in the past thirty years?
Besides witnessing a shocking degradation in popular musical tastes (Drake? Harry Styles? Snow Wife? Seriously?) we’ve been through a boatload of financial stress. The toll this century alone: Y2K. Then Nine Eleven. The dot-com meltdown. The Credit Crisis. The toppling of Wall Street banks. A global pandemic. Post-...