Link to full article: https://www.wsj.com/articles/housing-boom-fades-world-wide-as-interest-rates-climb-11658142000  "With Canada mortgage rates at their highest level since 2009, house sales in June were down 24% from a year earlier, according to the Canadian Real Estate Association. Real-estate brokerage Realosophy said Toronto sales declined 40% in May from a year earlier and now sit at a 20-year low. The median price for a Toronto home, excluding condominiums, is... [read more]

Long-distance calling costs once played a role in purchase decisions. A few days ago, I was preparing a bit of a commentary on Rogers’ introduction of unlimited data. I was trying to conclude how unlimited data may play a role in making rural living a little bit more attractive. As an example, I can now stream Netflix at the cottage in Dwight, where Season 3 of Stranger Things would’ve previously cost me $250. Completely independent of my thought-gathering... [read more]

Real estate is a technology. I've had this idea marinating in my head for a little while that is sort of an expansion of the concept I've already communicated I believe in: real estate is a technology. Land is the surface of a floating rock in space we're lucky enough to exist upon. It is a piece of the universe. Real estate, then, is an expansion upon it. Through this system, we interact with the world, and with one another. Real estate is a collection of technologies... [read more]

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