Real Estate

Wall Financial (WFC) stock does not trade a lot, but it is a name worth watching if for no other reason than the window it provides into the Vancouver real estate market. After riding high for the past decade or so, Wall Financial is down 31.4% so far this year. Insiders are buying the pullback and INK Research puts that signal of optimism into its G versus D economy framework.

Is VanRe feeling the effects of COVID-19?

After listening to INK's summary of what is happening in Vancouver, take a trip through the US real estate landscape with Nick Halaris, president of Metros Capital. Canadian Insider Club Ultra members have full access. If you are not an Ultra member, join us or upgrade today.

In my latest interview with Jim Goddard on Howestreet.com, we discuss how Canadian marijuana firms are scrambling to increase capacity through expansion, mergers, and takeovers in preparation for legalization later this hear. Investors seem to be betting that these companies will be ready to deliver big profits soon. Meanwhile, insiders were selling the recent rally. So, was the sell-off last week a short-term buying opportunity?

In our most recent market update to clients and my regular interview with Kirk Lapointe on Monday, I explained that the Bank of Canada needs to start talking about normalizing interest rates, because the economy is now growing and the rationale for having ultra low rates is evaporating. Indeed, we saw insiders anticipate the recovery in Western Canada during last fall's rebalancing of the INK Canadian Insider Index when the index make-up tilted towards Energy and Canadian retail names.

Bank of Canada Governor Stephen Poloz admits in testimony before the Senate Committee on Banking, Trade, and Commerce that it is the Bank of Canada's low rates, and not China, that is primarily responsible for inflated housing prices. In refreshing and remarkably direct questioning on October 19, 2016, Committee Chairman David Tkachuk asks, "aren't we at fault for the ease of people getting into a house, and it's driving the prices up?" The central bank chief's answer surprised me. He says it is indeed true.