Ben Rabidoux
@BenRabidoux
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Canadian housing/macro/credit...occasionally tweets about fishing. Founder of North Cove Advisors and @EdgeREAnalytics. DMs open. Equal opportunity blocker.
Ontario, Canada
Joined October 2010
For those interested, this is what I turned over to the RCMP back in 2016. Note the discussion of their Barrie and Winnipeg developments which ended up being the focus of the prosecution's case against @FortressRDI
https://t.co/Dz8ia0RJF4
scribd.com
This document raises concerns about several companies and individuals involved in syndicated mortgage products, particularly Fortress Real Capital and its affiliates. It highlights issues such as...
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WOW Manoj Govindbalunikam, 37 of Brampton abducted a 9 year old boy using 'grooming tactics', like offering him a fidget spinner, giving him his realtor card and later buying him ice cream and now he is seeking a light sentence so he doesn't get deported! Only in Canada!!
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Canadians still have their priorities, even when teetering on the brink of insolvency...
Personal insolvency volume in October was much lower than expected. Our phones don't ring the day after World Series games. I assume volume will be back to normal in November.
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Impact of Bank of Canada rate cuts seen in mortgage rates this week. Back to levels last seen in early 2022 👀 Won’t likely move the needle on housing demand until confidence improves
Lowest Mortgage Rates: October 30, 2025 (Changes from Oct 22) All Rates: https://t.co/YoXyAHJUMF 🇨🇦 3-yr fixed Insured: 3.69% (-5 bps) Uninsurable: 3.99% 5-yr fixed Insured: 3.69% (-10 bps) Uninsurable: 4.09% 5-yr variable Insured: 3.45% (-30 bps) Uninsurable: 3.80% (-30 bps)
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FUTURES TRADERS: Get 40% off all evals, no activation fees, end-of-day drawdown in our live-market PRO+ accounts…and still daily PRO payouts!
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Bank denies financing for $100M project in Richmond due to uncertainty over First Nations title. As I said, in the banking world there is no such thing as two titles co-existing. https://t.co/Lreiu0vG0M
biv.com
A Richmond, B.C., councillor says a company based in the city has been refused financing for what she says is a $100 million project because of the Cowichan Tribes case. Coun.
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This fking guy posting this unironically…
👉Ottawa cutting immigration has eased pressures on housing and labour | National Post
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The Cowichan decision could be one of the most consequential in living memory if it stands. Massive unsettled land claims in BC and you've got this hanging out as a potential precedent....what an absolute gong show. Who would buy in a disputed area in BC today?
WATCH: At a Richmond, BC town hall on the Cowichan aboriginal title decision, residents are warned: "Property values are already plummeting, lenders and insurers are worried, and the only solution is to overturn this on appeal."
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Bank of Canada does not expect that the feds can actually engineer a slight reduction in Canada's population in 2026 as govt previously stated:
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This is the reason the BoC is comfortable cutting with core inflation still high. No one credibly believes strong rents will persist
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Bank of Canada cuts rates as expected, flags mounting signs of job losses in industries with high reliance on US exports
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“We don’t hire foreign workers” is what the manager told me. Between Orillia and Gravenhurst, on HWY 11 in Ontario there is a place that still HIRES CANADIAN youths. Support business like Webers. Great burgers 🍔 Next post for outside shot.
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Or.....we could massively lower immigration levels and train out of work Canadian youth instead?
Young Canadians struggle to land minimum-wage jobs as youth unemployment hits new highs
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This chart showing food bank usage in Toronto by year is incredibly concerning. Source: @DailyBreadTO and North York Harvest Food Bank
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This is how friendly Neighbors should act toward one another. Friendly competition between the Dodgers and the Blue Jays and two great leaders. It’s also a great ad against tariffs which I’m sure Donald Trump is going to flip out about.
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Well, shit!
*TRUMP: RAISING TARIFFS ON CANADA ANOTHER 10%
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QUIT.....FUCKING....TALKING You dumbass
Canada and the United States are friends, neighbours and allies. President Ronald Reagan knew that we are stronger together. God bless Canada and God bless the United States. https://t.co/n1Nj6ofNZU
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🇨🇦 mortgage rates are now back to June 2022 levels according to @MtgLogicNews. Affordability is back to 2021 levels....ie not great at all but home sales were still 50% higher back then. How low do rates need to go to get demand flowing again? Is that still the main variable?
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