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Steve Saretsky

πŸ‘€ Speaker
2032 total appearances

Appearances Over Time

Podcast Appearances

The Loonie Hour
The Canadian Economy Slips into Recession

The food is there.

The Loonie Hour
The Canadian Economy Slips into Recession

And then you bring a business card and you get a free shout out.

The Loonie Hour
The Canadian Economy Slips into Recession

You don't have to pay for advertising anymore.

The Loonie Hour
The Canadian Economy Slips into Recession

you're right yeah there uh anyways we've never you know 244 episodes we've never missed one so we're filming here in the hotel room uh before we head out to ben rabidu's cottage uh link to the address in the show notes below and i almost believed you what's going on so talk about housing we talked about a little bit on housing last night you called the ball uh no no well

The Loonie Hour
The Canadian Economy Slips into Recession

They asked, Ron asked.

The Loonie Hour
The Canadian Economy Slips into Recession

That's right.

The Loonie Hour
The Canadian Economy Slips into Recession

Okay, so basically the Q&A at the end of the night with myself and Ron Butler and Dan Foch and all those guys.

The Loonie Hour
The Canadian Economy Slips into Recession

Ron put the question out there.

The Loonie Hour
The Canadian Economy Slips into Recession

He says, okay, everybody, like, you have to pick a bottom.

The Loonie Hour
The Canadian Economy Slips into Recession

Like, pick your date.

The Loonie Hour
The Canadian Economy Slips into Recession

uh, everybody gets one date and we're all going to be wrong.

The Loonie Hour
The Canadian Economy Slips into Recession

And so, yes, my date was specifically for Vancouver was 12 months from now.

The Loonie Hour
The Canadian Economy Slips into Recession

So June, uh, and I said, put an asterisk next to that because just because you reach a bottom doesn't mean that prices immediately start going higher, which is to say that you're likely in for a period of stagnation or the very minimum underperformance, um, as the market has clearly outperformed over the last 20 years.

The Loonie Hour
The Canadian Economy Slips into Recession

Um,

The Loonie Hour
The Canadian Economy Slips into Recession

And I think that's evidenced by these detached house prices in Vancouver's West Side, you know, premier neighborhoods.

The Loonie Hour
The Canadian Economy Slips into Recession

Those prices haven't moved in 10, 11, 12 years.

The Loonie Hour
The Canadian Economy Slips into Recession

And so, you know, again, your condo in Surrey or Abbotsford is probably going to be pretty stagnant for a while.

The Loonie Hour
The Canadian Economy Slips into Recession

Dan said November 18th, 2027.

The Loonie Hour
The Canadian Economy Slips into Recession

I think they were both saying basically like end of 27 sometime early in 28, I believe.

The Loonie Hour
The Canadian Economy Slips into Recession

Could be wrong.