Dear Realtors: Nobody Has Any Money - Video

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Sorry this is super late, I've been working a lot lol
Today we cover:
Mortgage payments poised to soar
February GDP Stats
Spring market “heating up”
Who WIll Solve the Housing Crisis?

The MillennialMoron Friday Updates are a brief weekly news digest with commentary on Canadian housing, real estate, finance, and economics stories.

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Chapters:
00:00 Intro
01:02 Merch Alert!
01:35 Mortgage Payments About to Soar
04:13 “Hot Spring Market” Seems A Bit Cold
05:35 Nobody Has Any Money
08:24 Who Will Solve the Housing Crisis?

Rob Marsiglio:
https://twitter.com/rob_siglio
https://www.youtube.com/@robertmarsigliorealtor
https://twitter.com/rob_siglio/status/1787293768133095787/photo/1
https://twitter.com/rob_siglio/status/1786474594980831688
Sources:
Canadians about to see mortgage payments soar (Globe & Mail)
https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-forget-rate-relief-most-canadians-are-about-to-see-their-mortgage
Interest rates for new and existing lending (Bank of Canada)
https://www.bankofcanada.ca/rates/banking-and-financial-statistics/interest-rates-for-new-and-existing-lending-by-chartered-banks/
Canada 5-Year Bond Yield (MarketWatch)
https://www.marketwatch.com/investing/bond/tmbmkca-05y?countrycode=bx
BAX Market Interest Rate Expections (Montreal Exchange)
https://www.m-x.ca/en/trading/tools/canadian-interest-rate-expectations
February GDP Numbers (Statcan)
https://www150.statcan.gc.ca/n1/daily-quotidien/240430/dq240430a-eng.htm
Quarterly Population Estimates (Statcan)
https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1710000901
Canada on track for seventh consecutive quarter of negative per-capita GDP growth (RBC)
https://thoughtleadership.rbc.com/wp-content/uploads/2024_Q1CanGDP.pdf
Canada misses GDP growth forecasts (Reuters)
https://www.reuters.com/world/americas/canadas-economy-misses-feb-growth-forecasts-q1-gdp-seen-up-25-2024-04-30/
Canada’s unemployment growing faster than peer countries (National Bank)
https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/mkt-view/market_view_240429.pdf
Spring housing market poised to be “very hot” (Financial Post)
https://financialpost.com/real-estate/mortgages/housing-market-spring-very-hot-canada
GTA housing market shows signs of spring thaw (BNN Bloomberg)
https://www.bnnbloomberg.ca/the-daily-chase-gta-housing-market-showing-signs-of-spring-thaw-1.2042794
Toronto March 2024 housing market stats (TRREB)
https://trreb.ca/wp-content/files/market-stats/market-watch/mw2404.pdf
2023 home sales were a 23-year low (Reuters)
https://www.reuters.com/world/toronto-home-sales-slump-23-year-low-2023-2024-01-04/

[NOTE: I'll post the rest of the source list later, I'm going to try to chase the auroras I missed yesterday!]
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