US stocks are down year to date You probably wouldn’t have guessed it, but stocks are down 4% in 2023 so far. This is according to the S&P 500 equal weight index. However the more commonly quoted S&P 500 index is up 10% year to date. Why the big difference? It’s because only a handful of the 500… Read More »
Renters can feel house poor too The cost of rent continues to climb in Canada. Nowhere is it more expensive than the Greater Vancouver Area. According to liv.rent the top 5 Canadian cities with the highest average rent are all here in the lower mainland. Here are the prices for a 1 bedroom unit without furniture. Below are… Read More »
Will Burry be correct this time as well? Fund manager Michael Burry is famous for predicting the great financial crisis and shorting real estate before the market crashed in 2008. Well he recently became bearish again on the financial market. From the latest 13F filings Burry disclosed he has bought about $1.6 billion worth of put options for… Read More »
The future of Vancouver real estate A 1 bedroom condo in downtown Vancouver recently sold for $1 million. (#404 889 Pacific St.) Someone looked at this 4th floor unit and said, “Yes, let me go ahead and pay $1,600 per sqft to buy this.” Higher up in the same building a 3 bedroom unit sold last month… Read More »
Which is better? Fixed rate mortgages have their time and place, but is now a good time to lock in a rate going into a potential recession? The Bank of Canada raised interest rates to 5% last week. I think that will be the last increase we see this year. 🙂 In this video I discuss which type… Read More »
What the earnings yield can tell investors about stocks The price to earnings ratio is a useful measure to determine if a stock is cheap or expensive. The P/E ratio compares the price of the stock relative to the company’s profitability. So generally a lower P/E ratio represents a better bargain. This valuation metric works across sectors and… Read More »