Real Estate aficionado. Vancouver Realtor & investor. Host of The Loonie Hour podcast.
Joined March 2010
- Tweets 43,630
- Following 873
- Followers 68,117
- Likes 71,740
3,931 Photos and videos
Pinned Tweet
15 Jun 2025
Uncovering one of the largest white collar frauds in Canadian history with @BenRabidoux.
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Steve Saretsky retweeted
Back on the Loonie Hour for the 4th time with @IceCapGlobal @SteveSaretsky and @RichardDias_CFA š
These conversations always push my thinking, and this one covered a lot of ground.
We went deep on:
ā¢ What is really happening in Iran, and why it cannot be read in isolation
ā¢ Why the ECB is about to suffocate Europeās economy just as the continent can least afford it
ā¢ Why global inflation is ripping higher for supply reasons, and why not all inflation is equal
ā¢ Why AI infrastructure is heading toward commoditization, and what that means for the stocks priced for perfection
ā¢ Stablecoins, the future of money, and how blockchain keeps moving from the fringe to the core of finance
ā¢ Why AI agents and stablecoins are set to push the velocity of money sharply higher, and why that points to stronger US GDP growth ahead
Keith, Steve, Richard, you always ask the questions that make a guest earn their seat. Grateful for the friendship and the platform you keep building.
Watch if you want your macro views challenged š
youtu.be/Au1hOZBoQaE?is=gEZpā¦
#LoonieHour #Macro #AI #Stablecoins #Inflation #Iran #ECB
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Hit pieces in the Globe means weāre getting close to a bottom.
Opinion: From nothing bitcoin came, and to nothing it will return theglobeandmail.com/businessā¦
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Jun 12
Our tax dollars pay for this news.
Jun 11
Opinion: SpaceX IPO makes Elon Musk the first trillionaire. Hereās how to properly hate him theglobeandmail.com/businessā¦
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Steve Saretsky retweeted
Jun 11
Special dock-cast of the Loonie Hour just dropped. This was a fun and wide-ranging conversationā>
When Will Canadian Real Estate Hit Bottom? w/Guest Ben Rabidoux | The Lo... youtu.be/_0Qe4FLtRXw?si=fgrXā¦
@SteveSaretsky @RichardDias_CFA @IceCapGlobal
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Jun 11
Special episode of the Loonie Hour dropping later today with @BenRabidoux
Housing, consumer credit, and ātechnicalā recessions.
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Jun 10
Wow
Jun 10
We're launching Bridge today š
An AI engine that builds virtual homes. Blueprint in, walkable home out. Every plan, every option, structural changes included.
What took 3D artists months now takes days. Homebuilders can finally show buyers every home they sell.
arcway.ai
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Jun 10
Bank of Canada holds rates. Notes an uncomfortable dilemma.
āEconomic weakness combined with rising inflation is a dilemma for monetary policy. Raising rates to dampen inflation could further slow the economy. Easing rates to support growth increases the risk that higher inflation becomes persistent. For now, holding the policy rate unchanged balances those risks."
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Jun 10
People opposing pipeline are being left out of pipeline planning.
With less than a month before the Alberta government hopes to present a pipeline proposal to Ottawa, the B.C. government says it's being left out of the discussions.
globalnews.ca/news/11897008/ā¦
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Jun 10
You donāt say.
Jun 10
"I have heard some proponents of the carbon tax defend it by suggesting that the world will require decarbonized oil barrels going forward. To be honest, Cenovus places over one million barrels a day across three continents, and none of our customers have ever suggested or even asked about the carbon intensity of Canadian crudes.
If customers were willing to pay for decarbonized barrels, we would certainly see these price signals and not require government interference.
The carbon tax escalates through time, making our industry less resilient at lower commodity prices, and will require the premature shut-in and reclamation of oil producing projects that would otherwise be economic to produce.
Much of this is being orchestrated in the belief that we can build a functioning carbon market. The reality is that carbon markets are a political construct and there are no examples of functioning, enduring, or investible carbon markets to draw from." /5
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Steve Saretsky retweeted
Jun 9
Canada's Real GDP per Capita remains below its peak. But we are at least moving in the right direction.
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Steve Saretsky retweeted
Jun 5
Had a great time hosting the Loonie Hour boys for a dock-cast
Episode drops next week
@SteveSaretsky @IceCapGlobal @RichardDias_CFA
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Jun 5
This is what happens when ideology collides with economic reality.
B.C. Hydro cancels plan to phase out gas-powered generation as electricity gap looms vancouversun.com/news/local-ā¦
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Steve Saretsky retweeted
During Tuesday's council meeting, the City of Vancouver approved 14 rezonings totaling 2,740 residential units.
To put that in perspective, in 2017 the City approved 7,131 units FOR THE ENTIRE YEAR.
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Jun 3
City of Burnaby boosts tenant protections further. A tenant renting an old apartment gets the right to come back when the new project is built and rent a brand new unit for the same old rent.
Honestly who would develop under these conditions? Ironically it will choke new supply, ensuring rents stay higher than they should.
burnaby.ca/our-city/news/202ā¦
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Jun 3
The pre-sale market is so bad in Metro Vancouver that developers have stopped trying. There were ZERO concrete condo projects launched in Q1. biv.com/news/real-estate/zerā¦
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Jun 3
Rents are down for two reasons, and they are both due to the Federal government.
1. Cheap and abundant rental construction financing via CMHC
2. Significant immigration curbs. Population growth is now zero.
Our housing action plan is helping British Columbians ā rents are down almost 13% across BC.
British Columbians are saving thousands of dollars every year, and there is more to do ā so weāre continuing to build homes and bring down rents.
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Steve Saretsky retweeted
South Korea seeks to boost crude oil, LNG imports from Canada theglobeandmail.com/businessā¦
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Jun 2
BC Hydro quietly seeks gas contracts as power shortage looms.
Thanks for playing.
nsnews.com/economy-law-politā¦
May 20
City of Vancouver is looking to bring back cheap and abundant natural gas as an option for primary heating source in new homes. Province and climate zealots disagree, because nothing is more important than the net zero fantasy.
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Jun 2
In other words, an immigration fueled housing boom kept the economy afloat the last decade.
Jun 2
Carney attributes āweaknessā in economic data to lower immigration targets theglobeandmail.com/politicsā¦
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Jun 2
Greater Vancouver home sales for the month of May hit a 25 year low outside of the May 2020 pandemic year. Year to date sales are also tracking lower than last year.
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