The Culture Proof 13+ — A Cool Super-Blog With Good Taste.

Popping Toronto’s Real-estate

This article follows my earlier article about Toronto’s real-estate bubble. I did some surfing on the web, and the Canadian Bankers Association says the situation is ‘aight’ but that goes for all of Canada. And the Manufacturer’s Association says things will be brighter, especially starting in the West like British Columbia, where 105,000 full-time jobs were created, toward Saskatchewan. Yet a little report at the University of Toronto economics department cites a section of a bi-annual government report which notes some households are 300% (or more) in debt above their ‘take home pay’. Putting all these reports together it goes like this to me:

  • 300% in debt above their ‘take home pay’
  • 71% of that is a mortgage
  • it means our mortgage debt is 3/4 of our total debt load that is 300% over our ‘take home pay’
  • If we ditch the mortgage we shrink our debt to our ‘take home pay’ (or under) but right now we’re ‘way over’ that mark.
  • They also say Ontario has the lowest percentage of mortgages in arrears of 3 months or more, yet of 4 million Canadian mortgages, almost 50% is in Ontario, so it might work out that Ontarians in arrears number the same as other provincial residents.

Movie Box Office Math

Trainspotting 2 did $100,000 per theater over the weekend. At $12 a ticket, that’s 8,333 tickets per theater over the weekend. At 300 seats a screen, that’s 28 sold out shows over the weekend per theater. Other films did $4,500 per theater which works out to 1 sold-out show a day per theater.

A cool super-blog with good taste.