Gold & Precious Metals
Canadian real estate affordability deteriorated so fast, it will delay buyers by years. National Bank of Canada (NBC) crunched the numbers on how long it would take to save a down payment in Q2 2021. Not buy the home, but to just have the minimum required down payment to get a mortgage. Over one quarter, home buyers in some markets saw the time needed to save extend by years. That was on top of a timeline that already took up to three and a half decades to save the bare minimum down payment.
Canadian Months To Save A Down Payment
Today we’re looking at how long it takes to save the minimum down payment to buy non-condo housing. The savings are using 10% of the median gross household income for each region. Non-condo housing means any single-family dwelling (e.g. detached, semi, town, etc.).
The length of time is then expressed in years, with a small catch. For the time to be true, incomes need to keep pace with home prices for the whole period. The last part is obviously unrealistic, but not much more unrealistic than expecting 30 years of savings to buy a home, right? More likely home prices fall, or absurd inflation causes incomes to rise in line with prices. The latter sounds better but is usually so disastrous it causes the former as well — making it much worse. Got it? On to the data…read more.
Four days ago, we reported a shipping container-sized Tesla Megapack battery unit at the world’s largest energy storage project, operated by France’s Neoen SA, in Australia’s Victoria, dubbed “Victorian Big Battery,” caught fire during a test-run.
Victoria Country Fire Authority (CFA) published a statement Monday that said the 13-ton battery was finally extinguished after four days, according to Bloomberg.
“There was one battery pack on fire to start with, but it did spread to a second pack that was very close to it,” Chief CFA Fire Officer Ian Beswicke said in a statement. CFA has yet to determine the origins of what caused the Tesla battery to combust spontaneously.
On Friday, when the fire was first reported, CFA officials were so concerned about toxic fumes spewing from the battery unit that they issued air quality warnings for surrounding suburbs and urged people to move indoors…read more.
As you may know, our good friend Michael Campbell is Past President and an Executive Board Member of the BC Special Olympics. He is also actively involved as the Chairman of the Newmont Invitational Golf Tournament which supports the BCSO.
Throughout its history, the Newmont Invitational has been known for its premium golf experience and its power to make a difference for Special Olympics BC’s inspiring athletes and empowering programs. Too often, people with intellectual disabilities are forgotten and left behind by our society, and the pandemic has intensified their isolation. The 2021 Newmont Invitational will be your opportunity to make a critical difference in the lives of athletes who rely on Special Olympics for sport, health, skill building, and most of all, friendships.
We need your help, especially this year.
Sponsoring or Donating an auction item to the Newmont Invitational Golf Tournament directly supports the lives of the athletes. All donations are greatly appreciated!
Examples of past auction items that have been generously donated include:
- Vacation packages and hotel stays
- Precious metal bars
- Media / ad buys
- Experience packages
- Stadium suite memberships
- Luxury alcohol
- Electronics
- Gift certificates
If you can’t think of anything that you might have readily available, we encourage you to provide support by reaching out to partners and suppliers for auction item donations. The only way any of this gets done – the only way to break through the noise and bustle of everyday life is to ask people you know – ask your contacts. And that’s where you come in.
These children and adults, along with their families, deserve our support. Special O helps build a bridge to the community at large for many individuals who, before joining Special Olympics, were isolated and alone. This is where our 4,800 athletes across the province and tens of thousands more across the country build friendships and self-esteem. It’s not an exaggeration to say these donations literally change people’s lives.
Sure hope you may be able to help, Please email me at nina@highpci.com.
Nina Parente
The level of a person’s raw intelligence, as measured by aptitude tests such as IQ scores, is generally stable for most people during the course of their adulthood.
While it’s true that there are things you can do to fine tune your natural capabilities, such as doing brain exercises, solving puzzles, and getting optimal sleep—the amount of raw brainpower you have is difficult to increase in any meaningful or permanent way.
For those of us who constantly strive to be high-performers in our fields, this seems like bad news. If we can’t increase our processing power, then how can we solve life’s bigger problems as we move up the ladder?…Click to see full infographic.
-
I know Mike is a very solid investor and respect his opinions very much. So if he says pay attention to this or that - I will.
~ Dale G.
-
I've started managing my own investments so view Michael's site as a one-stop shop from which to get information and perspectives.
~ Dave E.
-
Michael offers easy reading, honest, common sense information that anyone can use in a practical manner.
~ der_al.
-
A sane voice in a scrambled investment world.
~ Ed R.
Inside Edge Pro Contributors
Greg Weldon
Josef Schachter
Tyler Bollhorn
Ryan Irvine
Paul Beattie
Martin Straith
Patrick Ceresna
Mark Leibovit
James Thorne
Victor Adair