One argument that you might be able to make is that home prices follow urban density. New York City, for example, is dense. And homes in New York City tend to be more expensive than those in, oh I don’t know, rural Canada. So with… Read More
The $418 million commissions lawsuit that was settled last week with the National Association of Realtors (NAR) is certainly a big deal. The NAR is trying to sound positive, but all signs point to this outcome being meaningful for the industry. TD Cowen Insights is… Read More
At the highest level, I agree with the premise of this tweet from The Real Estate God. The overarching argument is that one’s main criteria for selecting a real estate market in which to enter should be “the place with the least competition.” And the… Read More
It is disappointing to me that we often vilify all condominiums as being “luxury condos.” I think the rhetoric is disingenuous and I think it distracts us from finding more productive solutions. As Mike Moffatt points out in this thread, if you look at virtually all… Read More
Yesterday we looked in the rear-view mirror. Today we’re looking forward: And there you have it. My current thoughts for this upcoming year. I should note that I’m not an economist, analyst, or an expert on souvlaki demand for that matter. But I enjoy writing… Read More
As per tradition around here, I like to bookend the new year with two posts: a post that revisits my random predictions for the year and a post that talks about what might happen in the year to follow. Today’s post is the former. So let’s… Read More
Zurich is today one of the hottest real estate markets in Europe: And based on UBS’ Global Real Estate Bubble Index for 2023, it also has the highest bubble risk: According to Bloomberg, there are a number of reasons for this: low housing supply, a… Read More
Last year, the formerly Chicago-based hedge fund Citadel announced that it would be moving its global headquarters to Miami. (Though to be clear, the company still has an office in Chicago.) Today, the Miami housing market is feeling the effects: “They’ve been buying here aggressively,”… Read More
For those of you thinking about summer in Europe right now, here is an interesting WSJ article about the real estate market in Lake Como, Italy. It’s behind a paywall, though, so here are two things that stood out to me. Firstly, the market is… Read More
Below are two interesting excerpts from this recent Globe and Mail interview with Tiff Macklem (the current governor of the Bank of Canada of the former dean of the Rotman School). The first has to do with where he believes the “neutral rate” will be… Read More
BRANDON DONNELLY 