Steve Saretsky @SteveSaretsky
Real Estate aficionado. Vancouver Realtor & investor. Host of The Loonie Hour podcast. linktr.ee/stevesaretsky Vancouver, BC Joined March 2010-
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Rather concerning that liberal politician @markhollandlib doesn’t understand his own tax policy. There is NO $250k exemption for incorporated doctors! Increased capital gains applies on every dollar invested through a corporation.
The horrors of a middle class person buying a cottage 20 years ago and accruing a small amount of wealth.
How China is interfering in our elections and democracy. This weeks Loonie Hour exposes the corruption with @scoopercooper open.spotify.com/episode/2VTToq…
Rental rates for new purpose-built rental apartments still making new highs. Per @Zondahome
The private debt market for real estate development lending is a total mess. Housing starts are going to fold like a cheap lawn chair over the next couple years. Soon we will be calling it the housing decelerator fund.
Incredible. Minister admits capital gains increases could cause family doctors to leave Canada. Not to worry, though, she says, we’ll just bring in more foreign trained docs.
Housing market seems to have turned a few weeks ago. Pretty slow for April in what is usually prime spring selling season. Rate cut optimism fading…
People are not happy about the proposed blanket rezoning in Calgary. A decision is expected by council next week.
Who needs doctors, right? They are all tax cheats not paying their fair share.
Who needs doctors, right? They are all tax cheats not paying their fair share.
Development land sales for high density sites are at a 10 year low. This follows closely to the new condo sales market which just experienced 15 year lows. Ultimately land is a proxy for the future of a market. Currently we are in a contraction which began ever so slightly…
This will be the theme for at least the next year or two.
This will be the theme for at least the next year or two.
We are desperately short doctors in this country. We need more doctors. We should raise taxes on them, that will help!
We are desperately short doctors in this country. We need more doctors. We should raise taxes on them, that will help!
It bears repeating, there is NO $250k capital gains exemption for corporations. Professionals who are incorporated such as doctors, dentists, RMT’s, chiropractors, will all be hit. Framing it to suggest it only hits the top 0.13% is another liberal lie.
Lower rates, no recession, unpacking the economic fantasy land that is the federal budget. With guest @rasselin66 open.spotify.com/episode/6CKMeV…
Ron Butler @ronmortgageguy
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10K Followers 3K Following Composed of the heads of 170 businesses employing 2.1 million Canadians 🇨🇦 / Composé de 170 grandes entreprises qui emploient 2,1 million des Canadiens 🇨🇦@StephenPunwasi @SteveSaretsky Dude this is totally unrealistic, doctors in the top 5% of incomes can't afford what was the median home 30 years ago 😋
@PeyoteCanada @Fernpick @SteveSaretsky @markhollandlib Could have just read budget docs: “government's intention to increase the inclusion rate on capital gains realized annually above $250,000 by individuals and on all capital gains realized by corporations and trusts from one-half to two-thirds, by amending the Income Tax Act.”
@SteveSaretsky @RichardDias_CFA @IceCapGlobal can one of you 2 tell Steve it is okay to laugh on a podcast? Keep the boomer/dad jokes coming Keith!
People always need comedy. But the extreme left have taken it away from us. @JerrySeinfeld
@SteveSaretsky Anyone that is *NOT* trying to hide their money offshore and giving their friends inflated contracts via corrupt politics, is clearly cheating the system.
@SteveSaretsky Imagine being a kid with this setup right now? Go to school, become a doctor, pay off most of your student loans, then at the prime age of 40—you’re in the top 5% of incomes, so you get to buy a median home from previous generations that got that for just showing up. 🤷♂️
@SteveSaretsky Reddit literally wants to burn you at the stake if you’re a boomer with any property at all…. Smh
@SteveSaretsky Or inheriting the tiny cottage your Dad built in the 60s.. horrific wealth, we can’t have that kind of elitism in our communistic dictatorship..,
How absurd is 🇨🇦’s Ponzi scheme? National Bank estimates $200k/year is the minimum annual salary required to qualify for a median home. At which point 🇨🇦 considers you “the rich,” so you pay ~$65k/year in taxes—more than the income of most existing homeowners. 🤷♂️
@SteveSaretsky @daveaurkov @markhollandlib How on earth do you send someone out to “defend” the policy when they quite clearly not only do not understand the proposed change but have even less understanding of the general tax regime. This is mind numbingly bad. Just awful.
@SteveSaretsky @markhollandlib Wow. Dug a hole and kept digging. Someone take the shovel away from this government they’re incapable of learning😂😂😂
@SteveSaretsky @markhollandlib So the tax increase is on the whole gain. Not just from 250,000 and over
@SteveSaretsky @markhollandlib Shocking and embarassing. But also explains how we got here.
@SteveSaretsky @markhollandlib Political science degree gets a Liberal the Minister of Health in Trudeau govt Seriously unqualified people governing Canada
@JackEllis @SteveSaretsky @markhollandlib I've tried to avoid watching this as I've seen other people comment on it so knew it was bad. I had third-party cringe watching it
Generational fairness you say? theglobeandmail.com/opinion/editor…
A reminder this is the same govt that sent 500$ to every senior in this country just before an election. Less political grandstanding and better public policy please.
Generational fairness you say? theglobeandmail.com/opinion/editor…
Liberals only live in cities. They know nothing about the other 99% of Canada. Its not billionaires that own cottages, its hard-working, middle class families that do. The tax collector is in town - and he feels entitled to part of your dream.
@Tablesalt13 Same thing here in MB. Our winters suck, so many live for going to the cabin in the summer. Teachers, nurses, posties, bus drivers, social workers, plumbers, and on and on own cabins here. These people are as middle class as it gets and certainly not @JustinTrudeau's 0.13%.
Japan has a long and unsuccessful history of official FX intervention in the Yen. Now is no different. After a brief strengthening, Yen is already falling again. Only way to stabilize Yen is to allow 10-year JGB yield to rise sharply, which is something Japan can't afford to do.
What happens when Canada lets in 1 million immigrants in a single year? @SteveSaretsky lays it out for us on @CoastalFrontBC.