{"id":8646,"date":"2021-02-06T17:34:47","date_gmt":"2021-02-07T01:34:47","guid":{"rendered":"https:\/\/www.stevesaretsky.com\/?post_type=saretsky-reports&#038;p=8646"},"modified":"2022-11-24T00:46:10","modified_gmt":"2022-11-24T08:46:10","slug":"the-saretsky-report-february-2021","status":"publish","type":"post","link":"https:\/\/www.stevesaretsky.com\/2021\/02\/saretsky-report\/the-saretsky-report-february-2021\/","title":{"rendered":"The Saretsky Report. February 2021"},"content":{"rendered":"<p>Back in October 2020, I tweeted \u201cUnpopular view, but the next move for Canadian housing could be an absolute face ripping rally higher.\u201d To be honest, I was hoping I would be wrong but the data doesn\u2019t lie. The bearish thesis on Canadian housing was always about bank lending. Everyone assumed banks would tighten credit due to the ongoing economic destruction and mounting job losses. However, it turned out to be the opposite. Aided by Government policies, banks ramped credit creation into overdrive, funneling massive amounts of new credit into the housing sector. The bulk of new credit that banks created was done by issuing new mortgage loans. The banks stoked a credit boom to inflate prices and stave off a downturn in the housing market and the economy. It really is that simple.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Back in October 2020, I tweeted \u201cUnpopular view, but the next move for Canadian housing could be an absolute face ripping rally higher.\u201d To be honest, I was hoping I would be wrong but the data doesn\u2019t lie. The bearish thesis on Canadian housing was always about bank lending. Everyone assumed banks would tighten credit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6898,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[164],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Saretsky Report. 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Everyone assumed banks would tighten credit [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stevesaretsky.com\/2021\/02\/saretsky-report\/the-saretsky-report-february-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Steve Saretsky\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/stephen.saretsky\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/saretsky91\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-07T01:34:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-24T08:46:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stevesaretsky.com\/wp-content\/uploads\/2021\/03\/SS-MonthlyRev-2021-2-01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1700\" \/>\n\t<meta property=\"og:image:height\" content=\"2200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Steve Saretsky\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/SteveSaretsky\" \/>\n<meta name=\"twitter:site\" content=\"@SteveSaretsky\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Steve Saretsky\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.stevesaretsky.com\/2021\/02\/saretsky-report\/the-saretsky-report-february-2021\/\",\"url\":\"https:\/\/www.stevesaretsky.com\/2021\/02\/saretsky-report\/the-saretsky-report-february-2021\/\",\"name\":\"The Saretsky Report. 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I have a passion for Real Estate, creating a business, and connecting with people. I build my Real Estate business on human relationships not leads and numbers. I believe in advising my clients on making the best real estate decisions not on closing another commission cheque. My goal is to help people build wealth through real estate.\",\"sameAs\":[\"http:\/\/www.buyvancouvercondos.ca\",\"https:\/\/www.facebook.com\/saretsky91\",\"https:\/\/twitter.com\/https:\/\/twitter.com\/SteveSaretsky\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Saretsky Report. February 2021 - Steve Saretsky","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.stevesaretsky.com\/2021\/02\/saretsky-report\/the-saretsky-report-february-2021\/","og_locale":"en_US","og_type":"article","og_title":"The Saretsky Report. 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