Now where did I put that violin? Fucking thing always getting lost in the jewelry box.
Maybe it’s under the microscope?
Fuck, I thought I put it away. Fuck sakes. Thank you for finding it.
Glad to help. ;)
Bottom? I think we can go lower than that!
That’s the spirit! It isn’t the bottom until it’s a smoking crater lined with the ashen remains of all the “”“self-made brilliant real estate investors”“”.
bottom is a long way off yet
buckle yer safety belts folks, ol donnie and co’s plan is to crater the world real estate market and buy it on fire sale
the idiots here will likely still be blaming Trudeau, but at least Carney appears to have the chops to soften it for Canadians
Carney is Brookfield.
…ok, I’ll bite, what does that mean?
Does he also rape children and eat babies? I mean, I figure if we can get a leader who doesn’t do that, we’re light years ahead of our southern neighbour
It’s 2026, admittedly, the bar is pretty low
Carney is a shareholder in Brookfield.
Key controversies involving Brookfield include:
Indigenous Rights and Environmental Allegations: Brookfield, through subsidiaries, has been accused by Global Witness of contributing to deforestation and attempting to evict Indigenous communities in Brazil. In Canada, a Brookfield subsidiary was involved in a lawsuit with the Mississauga First Nation regarding hydro dam projects.
Tax Avoidance Concerns: Research from Canadians for Tax Fairness and CICTAR identified that Brookfield has used tax havens, such as the Cayman Islands, and maintained a significant tax gap, sparking accusations of dodging over $5 billion in Canadian taxes.
Mark Carney and Political Conflicts: As Carney became involved with the Liberal Party of Canada, critics focused on his continuing financial interest in Brookfield. This included concerns over his involvement with a company that advocates for carbon reduction while managing carbon-heavy assets, such as oil pipelines, potentially conflicting with government climate policies.
Brookfield has a massive REIT.
So he’s rich, ok
Still doesn’t eat babies or rape children, and has tons of experience to help Canada navigate the upcoming economic apocalypse
…your response reads like a script, so I suspect your a total piece of shit paid agitator
fuk off
If you don’t even understand or care how you are getting fucked, keep voting for corrupt politicians.
Carney threw out the digital sales tax to help Brookfield investments, and the Carbon levy. Cutting revenue while record spending in military (also Brookfield) is hardly “navigating the economic collapse”, it’s bankrupting Canada.
I realize grade 10 is a bitch, but learn how to use a period and spell fuck.
aww snookums, your little tiny peepee energy is coming thru
“The new HST rebate announced by Ontario in late March is estimated to cut condo prices by an average of about $100,000, narrowing that price gap to about 20 per cent. Historically, the gap would have been 10 per cent to 15 per cent, though under better market conditions, Hildebrand said.”
So condos, which have high assesments and such, went from 500k to 400k? I just don’t even know who owns these things. And this is below cost to build. This is folks mean by system endemic issues. Its what happens when all the money is at the top and there is to little money at the avergage person level to purchase typical life things for them. I know in the city im from, which is pretty affordable relative wise, if you got handed a downtowncondo for free you likely would be fine and be able to pay taxes and assesments but a normal person would not be able to handle much of a mortage. I guess two income one handles the mortgage and the other the other expenses. Just don’t have kids or seperate ever or lose a job or get sick.
Fuck those speculative ghouls.
This happened before, in the late 80s, people ended up buying two shitty tiny condos and making them into one larger shitty condo.
The average cost per square foot of a new condo was $1,189 in the first quarter compared with an average resale price of $859, a 38 per cent difference.
Seems like a weird way to frame that number. Sure, 1189/859 is 1.38, but that’s the percentage resale prices would need to rise to match new unit build costs. The way it’s framed sounds like they mean 859/1189 (“prices of resales are lower than the costs of new builds by x%”), which is .72, a 28% difference.
Math nerd alert.
Seriously, though, I would expect better from a financial news publication. AI slop, I’m guessing. (Edit: not the whole article, mind, I just mean that number framing and/or calculation looks, to me, like a typical AI error. The rest of the article is well written, imho.)
