Posthaste: A good argument for living in your parents’ basement — and the falling knife called Cannabis

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Cannabis stocks continued to slide in premarket trade today after two major producers Canopy Growth and Aurora plunged yesterday after missing expectations. Aurora was down more than 8% this morning and Canopy, about 2%. So where are cannabis investors to turn? Cannabis has been in a eight-month long bear market that has seen the North American Marijuana Index shed almost 60% of its value.

Here’s an argument for living in your parents’ basement. Online real estate company Zoocasa did a study comparing condo rental rates in Toronto with the costs of buying. The study calculates the minimum down payment needed to buy the average condo in each of 35 Toronto neighbourhoods and the number of months of rent equal to that. In Toronto overall you would need to save the equivalent of 14.7 months of rent to come up with the minimum $37,807 down payment on a $628,074 condo.

 

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