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Stephen Punwasi 🏚️📉🐈☃️ Profile picture
@StephenPunwasi
Jul 21, 2021 • 6 tweets • 4 min read • Read on X
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Toronto “helping” the homeless by sending in the police to raid another tent village.

#ToRe #Toronto

What’s happening here? Because it sure as heck looks like a cop lost his temper and took it out on someone.

#Toronto
Check out what happens to this young lady that runs over to stop what looks like a cop beating down a black guy for no apparent reason.

#Toronto
Tomorrow: *no homeless people in the park*

Trudeau and Tory: Our national housing strategy has eliminated people sleeping in the park. That’s why we’re doubling down on giving our friends subsidies, so we can continue this progress.

#ToRe #Toronto
🇨🇦 violence against homeless people in a way that would make third world dictators jealous of the lack of scrutiny it attracts.

Cleared the park in 20 minutes.

Homeless people? Lives uprooted, again.

Activists? At least $5k in legal fees, and a record.

Putting out an ABP for all officers to report to Lamport Stadium. Bring your batons. The owner, the City of Toronto, asked to enforce a Trespass to Property notice.

FYI, that meansTPS didn't just show up for a fun day at the park. The City of Toronto ordered them to.

#Toronto

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More from @StephenPunwasi

Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Jun 27
Protected B is 🇨🇦’s security level for documents that cause “serious harm” to gov if made public.

Interesting level for a regulator explaining inflated appraisals & weak home sales to banks, eh?

🇨🇦’s not bailing out a few developers. It’s bailing out the whole system. 🧵👇 Image
2/ the doc above references blanket appraisals, which is when a building is given a value, instead of appraising each unit.

It’s a legitimate method, often used for insurance of a project under development.

They exist for a reason. Let’s put a pin in this.
3/ first, it’s important to understand a new condo buyer isn’t qualified in 🇨🇦.

Show up, make deposits. That’s it until the condo completes and transfers. Then the buyer gets a mortgages.

New homes are eligible for 80% loan to value. Buyers still need 20% equity though.
Read 15 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Apr 29
🇨🇦: something extremely f*cked up is happening with federal worker pensions, and taxpayers will be on the hook.

Since the supervillains in charge won’t explain it, I guess I will.

Here’s how 🇨🇦 is looting ~$3B from gov workers pensions & dumping the risk on you.

<thread> 🧵👇
2/ The Public Service Pension Plan (PSPP) is the pension plan for federal workers.

An “early actuarial review” found it had a surplus of $3.4B, about 1% of net assets under management.

Rather than keeping it as a buffer, the gov is using $2.5B to pay for its “early retirement incentive.”
3/ Sounds logical, right? Buying out workers with pension money...

Except it’s not the money of the people getting a buyout. They’re using the pension of all workers to execute a fiscal plan.

What about the other $0.9B? Yoink! In the general coffers. Oh, it gets crazier...
Read 10 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Dec 3, 2025
🇨🇦: who wants a funny GDP story? 🙋‍♂️

When a quant sees an unexpected surge on a chart, they break it down—it’s often a modeling issue.

This is 🇨🇦’s GDP chart. I stared at it for ~8 hours & talked to StatCan. You’re gonna laugh…

<thread> 🧵👇
2/ What do we see? Imports contributed 0.7 points out of 0.6 points of Q3 GDP growth. The rest of the economy was a net drag.

Imports contribute to GDP as a part of net exports: exports minus imports.

Smaller imports boost net exports. Imports made the biggest drop since 2022.
3/ What we’re seeing is a phenomenon called import compression: the balance was boosted by falling imports.

It’s a superficial improvement due accounting mechanics. The only growth is actually weakness.

We figured it out. But wait—how do they get import/export data? 😬
Read 12 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Nov 20, 2025
🇨🇦’s real estate is about to spiral faster than most realize.

The red is the estimated level of investor-owned units. A lot don’t have the cash & hoped to flip it before completion.

It gets crazier. Let’s talk about blanket appraisals.

<thread> 🧵👇
2/ first off, when you buy a pre-construction home in 🇨🇦 you don’t own a home—you own an assignment. The right to a home on completion.

You aren’t qualified in anyway way. You make the deposits until you have 20% down at occupancy, and then you need to provide cash or financing.
3/ Lenders will do up to 80% LTV, so you need at least 20% equity on the property.

If prices rise, you have extra equity by completion. If they fall, you need to top it up.

Here’s the fun part: Prices dropped over 20% in TO since peak, wiping out the deposit.
Read 11 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Oct 23, 2025
Pst… while the normies are sleeping—let’s talk about serial killers.

Specifically, the 70s boom & bust. Most experts attribute the disappearance of serial killers to improved social conditions.

What if the only thing that disappeared is the data? This gets wild.

<thread> 🧵👇 Image
2/ first rule of data literacy: what are we looking at?

This chart shows 🇺🇸 data from the Radford/FGCU, which defines a serial killer as someone who murders 2 or more in separate instances.

That definition broadens the label—even reclassifying infamous murderers like Ed Gein.
3/ Experts often attribute the rise to:
- Mobility: New highways let killers flee; victims were farther from home & community

- Post-war trauma: Returning vets passed trauma to their kids

- Anonymity: As people moved further from home, they knew fewer neighbors
Read 16 tweets
Stephen Punwasi 🏚️📉🐈☃️ Profile picture
Oct 9, 2025
🇨🇦: Canada Post is losing money.

The left thinks that’s okay. The right thinks it now needs to be sold off.

The elites & their politicians? They don’t want you to realize that Canada Post’s losses were manufactured so they could loot a public asset.

<thread> 🧵👇
2/ InnovaPost was Canada Post’s in house IT provider, handling key infrastructure like email and its shipping platform.

Brilliant. This allows internal transfer for the lowest cost, since any profits are returned.

It was sold to Deloitte in 2024. Obvs they must be suckers.
3/ Canada Post built SCI, a third-party logistics company (3LP) w/ synergistic operations. It was one of 🇨🇦’s largest 3PLs, essential ecommerce infrastructure.

“SCI has been a strong performer for the Canada Post Group of Companies over the years,” Canada Post’s CEO in 2024.
Read 7 tweets

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