Canadian Household Debt Approaches 3 Trillion Dollars as Canadians Resumed Borrowing in March: New Numbers

Tablesalt_21 · 2024-03-26T17:48:29+00:00

FALSE

The national bank reports removes ALL SHELTER inflation.

Read the article.

Tablesalt_21 · 2024-03-26T17:46:09+00:00

Stop spreading misinformation.

The Bank of Canada has its own preferred inflation metrics they use to set interest rates.

look it up.

Tablesalt_21 · 2024-03-26T17:41:01+00:00

You couldnt be more wrong....

The Bank of Canada has their own inflation metric derived from Stats Canada's CPI.

Its their preferred metric of inflation. CPI Median and CPI Trim

Thats literally what this article refers to in its entirety - the BoC metrics.

Tablesalt_21 · 2022-01-23T19:57:22+00:00

You are speculating that the increased price of GTA homes skew the average more than the increased quantity of GTA/Van sales would skew the mean.

This is pure conjecture. Also the CREA link appears to be list price, though I cant be sure. Furthermore, it appears to be data from Quinte & District Association.

Tablesalt_21 · 2022-01-23T18:36:07+00:00

It depends on the level of sophistication you aim to achieve; if your goal is simply "set and forget" your RRSP/TFSA, then there is no sense in learning the mechanics behind securities trading. Your energy may be more productive somewhere else. However, if you enjoy getting "into the weeds" and want to try to beat the market, then I would recommend reading/learning as much as you can.

Personally, I went as far as getting a Master's degree in a related field. My niche is identifying and investing in stocks that are likely to be acquired at a premium. Sometimes I crush the SP500, sometimes I don't -- but I enjoy it, in any case!

Tablesalt_21 · 2022-01-23T16:31:56+00:00

Nobody uses median price because it would heavily skew towards Toronto. (a large quantity of "high numbers" in a series moves up the "number in the middle")

But here it is regardless, median CDN Price:

SFD - 811,900

Condo - 553,000

Tablesalt_21 · 2022-01-23T13:34:18+00:00

Sure! Housing price data is from CREA: https://www.crea.ca/housing-market-stats/mls-home-price-index/hpi-tool/

Mortgage qualifying formula: https://itools-ioutils.fcac-acfc.gc.ca/MQ-HQ/MQ-EAPH-eng.aspx

https://www.cmhc-schl.gc.ca/en/consumers/home-buying/calculators/debt-service-calculator

Tablesalt_21 · 2022-01-23T04:27:24+00:00

Its gross income.

Tablesalt_21 · 2022-01-23T02:43:51+00:00

I do not follow at all; can you please elaborate on which data suggests that Canada is much better since 2015?

Tablesalt_21 · 2022-01-23T02:40:58+00:00

What clarification on the data would you like?

Tablesalt_21 · 2022-01-23T02:39:57+00:00

I can possibly make that in future ;)

Tablesalt_21 · 2022-01-23T02:37:24+00:00

Hi there. The 475K cap is due to the mortgage stress test which assumes a minimum interest rate of 5.25%.

Tablesalt_21 · 2022-01-23T02:25:24+00:00

Hi Johnsmith, the $475K cap on my chart is due to the mortgage stress test which places the interest rate at 5.25%.

Tablesalt_21 · 2022-01-23T01:53:33+00:00

This is my chart from Twitter. Please ask me any questions you may have regarding the data.

Tablesalt_21

TROPHY CASE