March 20 2023

Good Morning quick update on the market current inventory 10,257 units with 916 units selling, the market has been in an ebb and flow market the last 3 weeks with the amount of inventory hitting the market and the amount of inventory getting off the market usually as sold properties.

Are we in a J or did we bottom out and ready to ascend into the yesterdays values ?

As I've been telling clients it's all smoke and mirrors the root to this problem has not been corrected and that’s debt! If debt was corrected then I would agree on an upward trend clearly house hold debt has not been corrected.

Theres only a few ways to correct debt

1. Feds lower rates to yesterday rates of 2021- mid 2022
2. Pay off Debt
3. Sell of Debt
4. Forfeit Debt (Bank sale etc)

Until I see some trend that the above has been adapted to household debt Im going to stick to my guns and sit tight and watch from the side lines with investing into Canada.

Another concern is the Global Financial crises

4 large banks failed in the last 2 weeks, I think this is the beginning

1. SVB
2. Signature Bank
3. Silver Gate
4. Credit Suisse