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Title: Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate

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Rigged?

News broke this week that the president of the US has been selling insider information.

For a hundred grand a month people can buy advance access to his Truth Social posts, seeing them before they go live online. Since what the leader of the foremost economy says matters to the markets – launching military strikes, enacting tariffs or changing regulations, for ...


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Spoiler alert. The doomers will hate this post. Turn back now.

In a three-month period, sales of new-build houses in the vast GTA market increased by 130%. No typo. The 8,410 transactions dwarfed the 3,645 deals that people signed in the same period (Q2) last year.

The developers and construction guys say this flurry of offers saved 17,300 jobs and prese...


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Buy Bay

The nasty TSX slipped to a record high close on Tuesday. Yeah. Another one.

Bay Street has advanced almost 15% so far in 2026 and is up 31% since last summer. That eclipses the mighty American S&P 500, where all the billionaires live.

Turns out the Iran war has been good for us. It’s also evident Trump’s tariffs, trade war, threats and insults have d...


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The flop

Remember the bounce in Vancouver realtors’ steps last month when sales popped higher?

Well, fuhgeddaboudit. They’re back driving Uber and building porches.

“Last month, we reported gains in home sales across all home types, raising the question of whether demand would continue to build into the summer,” admits local realtor cartel data nerd Andrew Lis. “...


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Will Trump TACO on punishing nasty Canada next week?

Speculation grows he will, with insane new 50% tariffs threatened for implementation a week from Wednesday. After all, they’re unwarranted, capricious, injurious, would cascade atop existing dumb tariffs and are a further abrogation of the trade deal the guy signed with us in 2018.

Last week Trump took...


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