Whoopee

whoopee

This is now Canada’s most pathetic blog. Officially. No, the honour does not come because of yesterday’s comment section, which nearly qualified as a race riot, but thanks to the power of the ballot box.

Some months ago you were asked to pick the country’s best financial blog (hence, pathetic in the eyes of normal people who watch Big Brother and care about the Royal Baby) from among a field of more than 80. Thousands scampered over and made their choice. The result was convincing. We mashed the couch potato dude. We canned the jar lady. We deboned the Canuck capitalist. God, I love the smell of burning websites in the morning.

“As expected you dominated the final round of the voting for the top Canadian finance blogs poll,” says organizer Jeremy Biberdorf. And we did. The Greater Fool secured 91% of the vote, while the Couch Potato garnered 9%, with Brighter Life and Gail Vaz-Oxlade in a dead heat at 6% each (please note Jeremy cannot add).

The question now is what to do with that honking big pot ($100) of prize money. Buy LED sex lights for the Harley? Gas up the Hummer and go joyriding for 20 klicks? Build a balanced, diversified portfolio? This is so hard.

Actually, you should decide. You elevated this blog to its exalted status, so you should direct the money. And let’s make it a thousand bucks, directed to a good cause. I’ll toss in the extra nine bills, you tell me where. Okay?

***

When the demigod F said he was worried about Canadian real estate, he singled out the Toronto condo market. And why not? Almost 150 new towers under construction. Over 50,000 new units in the pipeline. Over 70% of sales to amateur speckers and flippers – many soon-to-be reluctant landlords. Plus the finest collection of exploding glass balconies on the planet.

The latest report this week from the real estate board shows sales down over last year by 6%, while listings are up, and prices largely unchanged. To the condo floggers, this is way better than they’d expected, and the marketing machine has revved up. “Buyers sitting on the sidelines hoping for prices to soften should be more concerned that rising mortgage rates will make condo ownership more expensive and they should be locking into a 90 rate guaranty with their preferred lender,” says the city’s leading high-rise broker.

And this encouragement to greed: “Sellers of many condos should also not be feeling too smug. Many owners at Maple Leaf Square and other buildings will be losing their views in the next few years and they should look at selling now to lock in their price gains.”

The complex of almost 900 units spread over two 50-storey towers was completed just three years ago. There are currently dozens and dozens of units for sale, from a 275-square-foot closet for $315,000 to a 1,990-foot, almost-penthouse on the 53rd floor for $1.5 million. “Over 200 Degrees Of Sw Views Of Lake Ontario And Downtown Core From Every Rm. Next To World Famous A.C Centre. Wake Up To Sunrises, Sun Bathe All Day Until Toronto Night Lights Fill Each Post Card Window.Step Out Into Fastest Growing Metropolis In N.A Tower Over The City From Your Retreat That Will Never Lose Its Foothold.” But hurry. Soon you’ll have a world-class view of the condo tower next door.

F was right.

By the way, I hope this comment, buried among the comments this week, did not escape your attention:

As a Realtor in the Greater Victoria area, I can assure you a correction has been underway for a while…varies according to area and property type but, as an example, I just saw a price reduction on a townhouse that now has the asking price 20% less than it sold for over 5 years ago! Remember, asking prices are not selling prices. In this market, sellers are resisting dropping their prices and it can take many months or even years for the prices to be reduced to where the listing will sell. Sadly, that ends up with the Sellers “chasing the market down” and the price reductions are usually too late.

The housing adjustment in Canada is coming. In places like Victoria, Halifax, Montreal and most of the Lower Mainland, as well as swaths of SW Ontario and almost all of the Maritimes, it’s here. Over time, it will affect every market, since nowhere is different. The event will not be a US-style crash, nor will it be swift. But every year for the next many you should expect declines in prices, as debt accumulates, the economy slow-walks, then as interest rates normalize.

Buyers who delay will do better. Sellers who wait will get less. The next upmarket won’t happen until growth resumes and incomes swell. Don’t hold your breath.

Now, about that thousand bucks…

312 comments ↓

#1 TurnerNation on 07.24.13 at 7:34 pm

From two days ago; we’ve been had! Slipped past editorial review.

‘Buster Reeko’ anagrams into:

Rubes Toke Re

I see we’re off to a cogent start. — Garth

#2 jaguar on 07.24.13 at 7:35 pm

Give the money to a rescue shelter for dogs, please.

#3 kilby on 07.24.13 at 7:36 pm

Any women’s or men’s shelter in your neighbourhood is always a good bet.

#4 polecat on 07.24.13 at 7:39 pm

Sick kids hospital.

#5 jaguar on 07.24.13 at 7:39 pm

Garth, please give the $1000.00 to an animal shelter or rescue dog, or rescue cat, place. The animal pics have given all of us a lot of pleasure when reading your blog, and it is quite obvious how you feel about animals.
Love the pug and balloon on this post. A small dog that refuses to acknowledge the fact. Pugs think it is all about them, always……

#6 polecat on 07.24.13 at 7:39 pm

Or Children’s wish foundation.

#7 Idea for the 1K on 07.24.13 at 7:41 pm

childrens literacy foundations

I do not know of any, but this this the biggest need as per my time reading the comments section here

Great job as always Mr Turner.

#8 Randy on 07.24.13 at 7:42 pm

Give 90% to Charity…Charity begins at home…

#9 TO and GTA Sales and Stats -July 24 on 07.24.13 at 7:44 pm

http://recharts.blogspot.ca/2013/07/416905-condo-sales-and-stats-july-24.html

http://recharts.blogspot.ca/2013/07/905-sfh-sales-and-stats-july-24.html

http://recharts.blogspot.ca/2013/07/416-sfh-sales-and-stats-july-24.html

#10 Sebee on 07.24.13 at 7:44 pm

Give it to St. Francis table in Parkdale.

I’d hate to see it go to some charity that will use your $900 to “administer” the $100 you won.

#11 Mark on 07.24.13 at 7:45 pm

hire a bunch of strippers, pack them in a limo and send them to the nearest realtor office in the GVA. Add a little bounce to their week.

#12 Joe Average on 07.24.13 at 7:47 pm

Garth, just walk down to the nearest Food Bank. They can almost double the value of your payment by buying food directly from suppliers.

#13 Deb L on 07.24.13 at 7:47 pm

Food bank.

#14 Ahead of the Curve on 07.24.13 at 7:47 pm

First, Congratulations. It’s well deserved!!

Second, if you are donating it, based on yesterday’s comments, I suggest you donate that money to some charity organization that fights xenophobia, or pro-life!

In case you are not donating it. Buy some booze and have fun!!!

#15 Jeremy @ Modest Money on 07.24.13 at 7:49 pm

Congrats Garth. Your domination in the poll was rather impressive. As for the lousy adding, blame the poll plugin and the setup of multiple votes per user :) Looking forward to seeing what your readers decide you should use the money and your contribution for.

#16 East Van on 07.24.13 at 7:49 pm

If you give a grand to MSF, I will match it.

#17 Unimportant on 07.24.13 at 7:52 pm

Lots of kids going hungry Garth. Food Bank or breakfast program?
Severely overlooked are underfunded elderly and I’ve read lately of a few inititaves for them, one that stands out in my mind was an attempt to raise funds to get short term shelter for elderly people who have been abused while trying to get them safer more permanent solutions. (My solution in part for this is small dog kennels for the asses that abuse the old folks. Dogs sure don’t belong in them they don’t do sick stuff like that)

#18 Judo Guy on 07.24.13 at 7:53 pm

Send the money to me. I am paying for a child to go to judo for the summer in a foster home. $82 a month, the rest for fuel..

#19 Ray Skunk on 07.24.13 at 7:54 pm

Any local, small charity with small overheads will do the trick.

Please don’t contribute to any charity with a CEO pulling in a fortune that they then use to fuel the insane RE market with condo speculation.

#20 vancouverite on 07.24.13 at 7:56 pm

Chuck Norris’ house is listing for $1.2million.

http://www.news1130.com/2013/07/24/chuck-norris-dallas-home-with-space-for-roundhouse-kick-practice-hits-market-for-1-2m/

Yet in Vancouver, some teardown house on 33 ft lot asks for same price.

#21 Pink on 07.24.13 at 7:56 pm

Garth, buy yourself a good bottle of Scotch,
You deserve it.

#22 ceedoubleu on 07.24.13 at 7:57 pm

Give the money to either the SPCA of “Salmon are Sacred”

#23 Godth on 07.24.13 at 7:58 pm

My vote goes to Kevin Annett @ ITCCS.
http://itccs.org/

#24 espressobob on 07.24.13 at 7:58 pm

We all know this is great blog! Where else can we bitch & chew in a state of intoxication?

My vote for a donation is the OSPCA! Love animals, uhm I meant the four legged kind, not the rest of us.

#25 Dean Mason on 07.24.13 at 8:00 pm

Donate it to the Liberal Party of Canada.They are short on funds.It is just an idea.I am not trying to upset anyone.

#26 Babblemaster on 07.24.13 at 8:00 pm

If predictions of a RE slowdown are to be believed, then you should save it for a rescue shelter for distressed realtors.

Actually, I know a realtor who sold 11 houses last week. He was playing Monopoly.

#27 not 1st on 07.24.13 at 8:01 pm

Garth, whats more pathetic than putting $15.33 cents away in a jar for weekly entertainment expenses, like Mrs Vaz Oxlade regularly does to under earning, over spending hornies on a regular basis.

#28 Snowboid on 07.24.13 at 8:01 pm

Since Lunenburg is one of my favourite Canadian towns, and I would love to see your money go to help preserve it – how about the heritage society?

http://lunenburgheritagesociety.ca/

Alternatively the womens’shelter?

http://www.secstory.com/index.htm

And again thanks for convincing us to sell our Victoria mini-McMansion when we did in early 2010, by our latest accounts that resulted in close to $75K more than it’s currently worth!!

#29 Macrath on 07.24.13 at 8:02 pm

Habitat for Humanity is my suggestion for the cash.

http://www.habitat.ca/

#30 Donald Trump on 07.24.13 at 8:02 pm

So…the rate of production of units is at historical ( ie B.C. and A.D. )highs ,…. the vast majority of which are far beyond the affordability of the average means of 90% of the citizenry.

I don’t get it..why the bitching?…. WTF is your ProBLEm?

#31 Duncan on 07.24.13 at 8:03 pm

OK its a long shot but we really like our local meat here on SSI and the local community abattoir really needs all the help it can get right now:

http://www.sharespring.ca/campaigns/salt-spring-abattoir-save-our-farms

I am sure you are man who appreciates a great steak!

#32 Mr Happy on 07.24.13 at 8:04 pm

Canadian Red Cross

#33 not 1st on 07.24.13 at 8:04 pm

Put the $1000 bucks down on a bet with Brad Lamb which way the condo market is going.

#34 Keep the money for the many RE agents left without work on 07.24.13 at 8:05 pm

Let’s do something to fix our bad karma. Give the money to real estate agents left without work due to this blog !

#35 Otterslide on 07.24.13 at 8:12 pm

Pick a food bank, any food bank. Hungry times are a-comin’.

#36 Steve-O on 07.24.13 at 8:13 pm

Give it to the Vancouver and Toronto food banks.
Need to support the starving realtors:
http://vancouverpeak.com/Thread-Vancouver-Realtor-Hunger-Index

#37 QE is the bicycle on 07.24.13 at 8:15 pm

Serious Question Garth. My family has owned TD Bank stock for about 30 years.

1. Will Banks ever merge here in Canada?

2. How to have exposure to the financial sector in Canada with less risk and more dividend yield?

#38 Keep the money for the many RE agents left without work on 07.24.13 at 8:18 pm

For sale

21 ICEBOAT TERR 45
15 ICEBOAT TERR 35
15 ICE BOAT TERR 2
35 ICEBOAT TERR 1
Grand Total 83

For lease

21 ICEBOAT TERR 80
15 ICEBOAT TERR 29
33 ICEBOAT TERR 3
21 ICEBOAT WAY 3
21 ICEBOAT TERR S 2
35 ICEBOAT TERR 1
15 ICE BOAT TERR 1
21 ICEBOAT TERRACE TERR 1
15 ICEBOAT TERR 1
Grand Total 121

note the various ways the agents spell the name of the building

Maple Leaf Garden

65 BREMNER BLVD 41
55 BREMNER BLVD 35

#39 Mike on 07.24.13 at 8:18 pm

I donated to Lac-Magentic through the Red Cross. You can pick the Alberta flood victims, Lac M … there is an option to triple the impact of the donation as well:
http://www.redcross.ca/lysolmatch/

#40 TurnerNation on 07.24.13 at 8:19 pm

Just read it. $1000? A private Blog Dog party at the Duke of Devon, of course.

#41 Nemesis on 07.24.13 at 8:19 pm

“This is now Canada’s most pathetic blog. Officially. No, the honour does not come because of yesterday’s comment section, which nearly qualified as a race riot, but thanks to the power of the ballot box.” – HonGT

Congratulations, AuldPol!…

And after yesterday’s thread… I think I can safely say that you’ve acquired a working knowledge of issues the SciencesSociale refer to as “essentially contested”.

And now to far more vivid matters…

Who is “Jess”… [Existentially speaking, I'm ReallyRooting for a Jessica vs. a Jesse.]

Oh yes… “Some day this war’s gonna end.”

http://youtu.be/sBksHaTQCbU

One day perhaps, they will end… When we collectively SmartenUp. Until then here’s one charity for your consideration, AuldPol:

http://www.msf.ca/

#42 NoName on 07.24.13 at 8:20 pm

Your donations will be greatly appreciated by those 2 foundations.

http://www.cdss.ca/
http://www.sickkidsfoundation.com/home/

#43 Cancer fighter on 07.24.13 at 8:21 pm

Canadian Cancer Foundation

#44 dj on 07.24.13 at 8:21 pm

long time reader, first time poster – consider directing the money to mindyourmind.ca. A non-profit – they’ve been around for years scrabbling to survive – a place for youth + emerging adults to access info, resources and tools during tough times – a great resource.

#45 Goddess of Kamchak on 07.24.13 at 8:22 pm

There’s about a bazillion homeless in Vancouver who could probably use a good meal. Any donation to those would be wonderful!

#46 Harry Wilson on 07.24.13 at 8:22 pm

In honour of yesterday’s Klan rally, I would like to see the money donated to a charity that provides guidance to new Canadians, in both establishing a life in this country and protecting themselves from the sharks that would take advantage of their naiveté.

In Edmonton, we have the Mennonite Centre For Newcomers, which has been the go-to resource for decades. Although the word Mennonite does appear in the name, the services that they provide are not religion-based.
http://www.emcn.ab.ca/

This seems to be the Toronto equivalent, if you’d rather keep it local; they are currently in the process of raising $36K. Although I have no first-hand knowledge of the Toronto organization, it seems very similar to the Edmonton one:
http://www.mnlct.org/

If that doesn’t appeal to you, or you wish to completely avoid any religious affiliation, consider donating to a local boys and girls club, where children can interact with others of a wide range of cultural, geographic, financial, and ethnic differences.

“The hearts of small children are delicate organs. A cruel beginning in this world can twist them into curious shapes.”
~Carson McCullers

Thank you for asking.

#47 CalgaryGuy on 07.24.13 at 8:23 pm

Hi Garth. Congratulations on winning the best financial website award; not that there was much doubt. I think you should keep the $1000 and have a raffle for four people to have their investment portfolios reviewed by you with suggestions for long term strategy. I know I would love to win that raffle. Cheers from Calgary. “It’s different here!” :)

#48 geogar on 07.24.13 at 8:26 pm

Make it a crisp hundred dollar bill. To be cashed upon the Coronation of His Royal HighnessThe Prince of Cambridge and subsequently donated to a charity of his choice.

#49 El Rojo on 07.24.13 at 8:27 pm

Declare your intentions to run for parliament in the next election. The prize money is a good start on a war chest. Your financial prowess is most needed in our government today. We need your help Garth, declare now and the masses will flock behind you.

#50 Daisy Mae on 07.24.13 at 8:27 pm

“When the demigod F said he was worried about Canadian real estate, he singled out the Toronto condo market. And why not? Almost 150 new towers under construction. Over 50,000 new units in the pipeline. Over 70% of sales to amateur speckers and flippers – many soon-to-be reluctant landlords. Plus the finest collection of exploding glass balconies on the planet.

F was right….”

***********************

Yes, he’s done a marvelous job of handling the economy, hasn’t he? And many Canadians still do not get it and actually think “we’ve never had it so good.” Can’t fix stupid.

#51 takla on 07.24.13 at 8:28 pm

Dont let winning that contest go to your head garth,You were just the healthiest horse on the kill floor of the local glue factory.that being said my vote for the winnings is donate it to a “lunch program”at a local elementary school.I hate to hear about hungry kids trying to learn,Hell i used to pack extra lunch in my kids box’s so they could share with classmates who’s parents couldnt afford it.buy the way,i tryed the l.e.d sex lights on my hog and the novelty wore off after a few years…totally over-rated

#52 Blasé on 07.24.13 at 8:32 pm

Ice cream party at 2 sick kids hospitals

#53 Children first on 07.24.13 at 8:32 pm

Garth,

If there is any hope for this country it is in educating children to live more meaningful lives than we have. For the sick children we must make a difference so they have a chance to do the same. Give the money to the Hospital for Sick Children (pick you ‘favorite’ disease) – as a bonus, Sick Kids here in Toronto helps kids from all over the world.

I have a friend with a 1.5 year old who has been battling cancer for 1 whole year of his short life. He is doing fine but the stories of his life make me break out in a cold sweat. They kids deserve all we have.

Best, B

#54 Robbie on 07.24.13 at 8:33 pm

Hi Garth,

I suggest SCAW (Sleeping Children Around the World) founded by Murray Dryden and his wife Margaret (parents of Ken Dryden). It’s a Canadian charity, spends $0 on fundraising and $0 on administration (funded by a trust set up by Murray and Margaret). Check out the website and you will see it is a very worthy charity….it doesn’t receive or ask for any government money.

#55 sigh on 07.24.13 at 8:36 pm

Use the money for psychotherapy to help you ease your overuse of calling everyone and everything a ‘racist’.

If you don’t have the nads for that then try investing the money and donating it after it’s reached $5000.

Or buy a bunch of blankets and food for the homeless.

#56 Kris on 07.24.13 at 8:37 pm

#12 Joe Average.

Wholeheartedly agree. Food banks are usually the best bang for the buck, as far as charities go – Buy non-perishable foods and deliver, instead of cash, and you know for sure where your money went.

In the recent storm, multiple food banks in the GTA lost (cumulatively) thousands of dollars worth food when power/refrigeration failed.

#57 Daisy Mae on 07.24.13 at 8:38 pm

#20 Pink: “Garth, buy yourself a good bottle of Scotch,
You deserve it.”

**********************

I’m with ‘Pink’. You already give, and give and give. Do something to make yourself happy.

#58 Bill Gable on 07.24.13 at 8:42 pm

The grand would do well by the Old fisherman’s home, in Lunenburg, getting a well deserved bit of Garthesque largesse. Consult with Peter Kinley, of Lunenburg Foundry, sir.
I have been reading this blog since it started and I can say with alacrity it is some of the smartest, wittiest, and educational content on the entire Web.

In the Navy we would say BV > Bravo Zulu > Congratulations, and splice the mainbrace.

Ginger ale for all the Amazons. Mrs. Garth and you enjoy some Champers and Bandit gets Evian, as a treat.

Cheers!

#59 Harry Wilson on 07.24.13 at 8:43 pm

#1 Turner Nation:

Don’t worry; besides being the financial, real estate, and blog master, our host is also the anagram master.

Did you ever notice that his on-line pseudonym, ‘Garth Turner’, is an anagram of ‘Garner Truth’?

P.S. The best I can come up with for ‘Turner Nation’ is ‘Neutron Train’. Makes no sense, but it sounds cool.

#60 Goody Niosi on 07.24.13 at 8:43 pm

I’m all for the SPCA or other animal shelter. My 2nd choice would be the food bank.

Congrats – love your blog!

#61 mark on 07.24.13 at 8:45 pm

How about the housing market in Dawson Creek, B.C. where is no shortage of jobs and a booming gas industry.
How do we access what happens in these markets?
Still a decline????
Tough question it is a micro economy up here, unemployment below 4 percent or LESS….

#62 pathcontrolmonk on 07.24.13 at 8:47 pm

I vote for a local dog rescue shelter

#63 Bob Loblaw on 07.24.13 at 8:48 pm

While I do enjoy your blog, I must admit to voting for CCP. Less rant, more informative.
Might I suggest the money be given to the Canadian Centre for Abuse Awareness. Thanks.

#64 DaveCalgary on 07.24.13 at 8:49 pm

I was just in Calgary last week as I am moving there next month. The market does not seem to resemble anything that you talk about in your blog wrt Toronto or Vancouver. There are hardly any houses for rent and the difference between the quality or the house you get when renting vs buying is astronomical.

I looked at a house in Killarney that was on the market for 1 day @$610k and it sold before I actually looked at it with multiple offers.

#65 presley1000 on 07.24.13 at 8:57 pm

$1,000.00 on black at the casino. Wear a tuxedo and film it. Bring the amazons. Show the peeps a microcosm of the housing market… the guaranteed win. Black WILL hit. Take your winnings and double up on the next black. It’s a given. So much of a given that you reveal that you took out a line of credit before coming to the wheel! You toss in some extra chips to increase the value of your next win and make your fellow players jealous.

Red? um… hopefully you kept a toonie on ya for a Timmy’s coffee for the ride home.

#66 Rainclouds on 07.24.13 at 9:00 pm

Hmmmm will a full page ad in the National Fishwrapper refuting all the RE Pumper Claims cost more than a grand?

Never mind. “common sense ain’t that common”!

Im in for a c note whatever u choose.

Cheers

#67 Gregor Sandler on 07.24.13 at 9:05 pm

Wow the racists were out in full force last night.
Anyways….
The average Canadian income is not a good predictor of housing prices in a particular year. OK, that sound ludicrous, but hear me out.
Firstly, not all Canadians are in the housing market. The poorest Canadians are not buying houses.
Secondly, what the buyer actually pays for a house is not necessarily, the price of the house. Housing is like a Ponzi scheme. Those who get in at the bottom, might find themselves in a very expensive house that they could never afford.
Thirdly, you need to ask, what is the average income of a first time buyer in a place like Vancouver???
I’ll be willing to bet , that this number is significantly above the national average household income.
Finally, for some people it really is all about carrying costs.
I think these factors explain Vancouver house prices, without resorting to the ever so pathetic (and scarey) racists coments posted yesterday. There is no question that housing prices are unreasonable, by any measure. How long will it take for them to come back to earth? It could be a long wait….

#68 *NAKED APE* on 07.24.13 at 9:05 pm

OOOH….. Where to send that money… I am so torn by the choices…..

– Nigel Wright?
– the Foreign Trade Worker Program? Because we need more of them, right?
– RBC because it didn’t make a gazillion dollars profit in this last quarter?
– another gazebo in Tony’s riding – not that that would get us much. May have to augment that with a few more taxpayer dollars.
– MORE Action Plan Ads….
– A ‘2015 Going Away Party’ for the Honorable STH maybe? Now that the Ontario Liquor Board has given a 49% discount to official government officials, that should buy a lot of booze!
– A $5 suitcase for Tony? Heck you could get him a $100 suitcase and still have $$ left over for gazebos.
– Donate it to the Experimental Lakes Area for continued scientific research on the environment or maybe the West Coastguard to save a few lives,
– Rename the “HARPER GOVERNMENT” to the Government of Canada?
– Buy MORE bamboo for the pandas
– A spark plug for an F-35 useless jet?
– A pamphlet in an Etobicoke Tourist Center on the 1812 war?
– the Anglican Church because it looks as if they will have a pension shortfall. Heaven forbid that everyone didn’t step up to donate!
– MM&A because they apparently can’t afford to pay the people to clean up the mess in Lac Megantic. (Poor Corporate Souls!)
– POST A NEW IMAGE – for the tar sands – it’s no longer called “dirty oil” as per the ‘environmental terrorists’

– How about a homeless shelter – not that we have a requirement for any of those here,

– or a FOOD BANK as we don’t have a requirement for any of those here either!

Take your pick Garth………………………

#69 $1000 on 07.24.13 at 9:06 pm

Garty take the money and get laid buddy, you deserved it. Or enhance your website, advertise your website.

Choices…choices… — Garth

#70 Totalchaos on 07.24.13 at 9:06 pm

A spay/neuter programme for feral cats or Kenneth Gordon Maplewood School for dyslexic children.

#71 Freedom First on 07.24.13 at 9:07 pm

Congrats on your deserved win Garth! And 1,000$ to charity, 900$ from you, good on you! Lots of good charities to donate too, I have my faves I support. I will simply go with the majority the dawgs select. Already a number of great ideas.

#72 Andrewski on 07.24.13 at 9:08 pm

Nice bump up to a grand for charity Garth! As you endeavour to educate those who seek out your opinion on “Economics, Real Estate, Money & the Road Ahead”, I suggest a donation to Junior Achievement Canada http://jacan.org/

How many posts are there here and on virtually every good money blog with comments to the effect of “I wish I knew more about money &… when I was a child/teen/young adult, etc.”

Junior Achievement Canada’s website says: “For over 58 years, as the largest youth business education organization in Canada, Junior Achievement has been inspiring and preparing more than 4 million youth to succeed in an ever-changing global economy.

Last year alone, more than 226,000 students, in 400+ communities, benefited from Junior Achievement programs that were delivered by over 13,500 dedicated business volunteers who presented in excess of 232,000 hours of instructional time.

Cheers, Andrewski

#73 VT on 07.24.13 at 9:09 pm

A while ago I tripped across this piece by Dan Hill about his brush with prostate cancer. It’s a heck of a story and will leave any virile blog dog over 40 thinking twice. Highly recommend everyone read:

http://m.publishing.rogers.com/macleans/share/2012-14/11a_soc_danhill.html

My vote for donation goes to Prostate Cancer Canada.

#74 Toronto_CA on 07.24.13 at 9:11 pm

Something to help animals, Garth. I know you and most of us blogDOGS have a soft spot for the furry kind.

#75 observer on 07.24.13 at 9:12 pm

Spend the thousand buck on a cheap motel, a bit hooker, booze and OD on some drugs Garth!!!!

Now that your on top of your game, go out with a stylist bang !

#76 Tony on 07.24.13 at 9:12 pm

Sold in the nick of time , did not why but had a bad feeling ,and just sold in march. As well my 20 acres were just overwhelming. Then started reading your blog , re my book keeper, just confirms why i did your cool!

#77 GarJay on 07.24.13 at 9:14 pm

Hi Garth. been following your blog a long time, a great read.
I would like to see the $ in discussion go to a couple of food banks of your choice.

#78 Realtor # 1 on 07.24.13 at 9:14 pm

You heard heard here – No US crash, slow decline.
Pray that you will see 2010 prices again.
Lets recap for the last four years you have been waiting for a crash that will that another three years. As long as interest rates keep rising.

#79 Mikey the Realtor on 07.24.13 at 9:16 pm

The one thing that is obviously pathetic is that the readership can’t tell the difference between a hundred $ and a thousand $.

Give it to the pound, at least they are smarter then the average dawg.

#80 Cow Man on 07.24.13 at 9:22 pm

Sir Garth:

As one of the legions of your fans who voted for your blog in the survey, please consider sending it to the victims of the Quebec Train derailment. Thank you.

#81 waiting on 07.24.13 at 9:24 pm

The Canadian Centre for Financial Literacy (CCFL), is dedicated to supporting financial literacy across Canada and assists in educating low income earners.

Teach a man to fish …

#82 TnT on 07.24.13 at 9:26 pm

Being a Real Estate blog then you should donate to Habitat for Humanities and add a link so we can all contribute are “2 cents” (I’m sure it will be more).

#83 rower on 07.24.13 at 9:26 pm

Half to an animal shelter. Half to a food bank.

#84 dan on 07.24.13 at 9:27 pm

Having problem getting why house prices would go crashing down in Montreal, when a comparable home in any other major center is at least twice-thrice the price from Montreal or its burbs. Anyone care to explain that? No its not special here, but prices have not risen anywhere near the levels of GTA or Vancouver.

#85 wendi1 on 07.24.13 at 9:27 pm

Well, I like Harry Wilson’s idea… but consider…

1. Feeding feral cats and dogs is like damp mopping the ocean. Stop breeding the silly things. That population will expand to fill the space available.

2. We are rich enough to pretend to buy million dollar houses, surely we can fill those food banks ourselves.

3. Habitat for Humanity doesn’t get any recommendations from me until they stop building on flood plains.

4. We owe the universe some karma for all that racist crap we participated in yesterday.

So, how about the Stephen Lewis Foundation? Or Engineers without Borders? Maybe they’ll build a modest dwelling for someone.

And congratulations, Garth. You can afford to buy your own scotch, and that is a prize worth savouring.

#86 Onehotvintage on 07.24.13 at 9:28 pm

canadian Red Cross or your local food bank!

#87 dan on 07.24.13 at 9:30 pm

Keep the money and invest it. Later, pay me some drinks when you pass in Montreal.

#88 Smoking Man on 07.24.13 at 9:31 pm

#23 Nemesis on 07.24.13 at 8:19 pm

You are an interesting and intelligent fellow, but no need to use Conrad Black words, forcing people like me to Google. I don’t have that much time in the day.

Your identity should not be defined by smart ass words, but rather imagination, individuality and content, don’t feed the machine…

It’s fat enough…

#89 Viegas on 07.24.13 at 9:34 pm

Garth – any children’s charity.

While a US style crash, exacerbated by bad paper and derivatives is unlikely, why do you dismiss the possibility of a swift, deep and lengthy correction? As you are well aware, human behavior can swing prices well past “normal” standard deviation. Canada has not had a meaningful real estate correction for nearly 20 years and participants may not be emotionally equipped to deal with declining prices. Can anyone quantify the impact from:
1) Rising rates
2) The numerous “investors” left holding multiple mortgages
3) The slow growth housing industry’s impact on GDP
4) Commodity demand slowdown from Asia (in particular China)
5) Lack of “foreign demand” (if there really was any) for CDN real estate that is rotating to a growing US real estate market

Canada could be hitting the perfect economic storm

#90 HAWK on 07.24.13 at 9:35 pm

Yesterday the anger against inflated housing prices was palpable on this blog.

People blame new immigrants (that would be me) and foreign owners, Realtors (of-course that’s a “given” out here) and HAM and all and sundry but somehow left out the one lobby that might just be more responsible than anyone else BIG BUILDERS.

Do people seriously believe that your average realtor or small time landlord / speculator be he local or foreign has the big bucks to bribe the politicians? Seriously????????

#91 GregW, Oakville on 07.24.13 at 9:38 pm

Hi Garth,
I think Dorothy deserves it as a Thank You for sharing you with all of us. She could find a good use for the prize money I’m sure. Weather that be her favorite charity or just a day at the spa for herself and maybe she’ll being you along too. Or just something completely different that she’d like to use it for. Maybe she has a few smaller things she’d enjoy using the funds towards instead of just one. It might be a charity or not. Her choice!
Just my two cents.

#92 Cici on 07.24.13 at 9:39 pm

To the wrinklies in need, let me explain.

There are a lot of lonely, old people who need help and don’t know where to turn. Some are very poor; some have money, but poor health and limited resources.

Here’s a good equation: 1/3 to an animal shelter; 1/3 to a food bank; 1/3 to a meals on wheels or other organization dedicated to helping seniors in need.

Good night and thank you in advance for your generosity, regardless of who benefits from the donation.

#93 No Pension Will Travel on 07.24.13 at 9:43 pm

Put the $K towards low-cost housing in Canada’s most expensive city, of course. And, thanks!

#94 T.O. Bubble Boy on 07.24.13 at 9:45 pm

Donating $1000 to a good cause?

Well, that Rob Ford Crackstarter thing is apparently done, so there goes one option.

How about a political donation to have Garth Turner run in the next Municipal / Provincial / Federal election as an independent?

#95 TEMPLE on 07.24.13 at 9:45 pm

And let’s make it a thousand bucks, directed to a good cause. I’ll toss in the extra nine bills, you tell me where. Okay?

That’s generous, Garth. I’m going to vote to screw the humans and suggest the money go to the SPCA or another animal-related charity. Or you could send the money to Al Gore and watch the commenters here melt down (and not from global warming).

And, for your enjoyment, here is some shameless RE pumping from a small town on Vancouver Island:

http://www.campbellrivermirror.com/opinion/216520461.html

#96 T.O. Bubble Boy on 07.24.13 at 9:46 pm

(or, a message board feature for the blog that let’s us reply directly to other posts)

#97 Alex K on 07.24.13 at 9:50 pm

#79 Realtor #1
WTF,can you now write it in English

#98 Mike2 on 07.24.13 at 9:50 pm

$1000…. buy MLS 130538 ! She’s a beauty and will probably turn a profit if rented out.

#99 banana stand on 07.24.13 at 9:51 pm

Duh, the banana stand!

#100 CrowdedElevatorfartz on 07.24.13 at 9:53 pm

1000 bucks?

Mike Duffy needs an enema.

Any volunteers?

Garth will give ya a 1000 smackeroos………

#101 Chickenlittle on 07.24.13 at 9:56 pm

Whatever you decide, remember to keep the receipt for next April.

“The housing adjustment in Canada is coming.”

Of course it is. Hindsight is always 20/20 and when we remember the baby steps that we are seeing happen right now, it’ll all make sense in the future looking back.

Our housing correction is more of a Canadian production than the American one was.

The Americans never do anything half assed. It’s always a 3 ring circus there full of melodrama and hype.

Now our Canadian version of this correction is happening in a typically Canadian way. Garth is the commercial advertising the correction. His exciting, humorous way of telling us what comes next is more exciting than the actual event itself.

Like most Canadian productions, this correction will be long, boring, and badly acted. Looking back, though, we will see that he was right.

Eventually. If we are still watching and haven`t turned the channel that is.

#102 A Nightmare on Bay Street on 07.24.13 at 9:58 pm

The best way to use the money is simple.

Go to a Staples Store, go to the copy machines and photocopy the cash so you will turn 1000$ into 1 000 000$ in about 30 minutes.

Works great for the US recovery.

(Noticed the big red “easy” button on the Fed’s chairman desk ?)

#103 JWF on 07.24.13 at 9:58 pm

Garth,
1st post, reading for about 3 months. Please, please run again – from your (ex) riding and would vote for you again in a second.

Congratulations on the award! As for the charity, either a food bank or habitat for humanity.

#104 Derek R on 07.24.13 at 9:59 pm

#71 Totalchaos on 07.24.13 at 9:06 pm wrote:
A spay/neuter programme for feral cats or Kenneth Gordon Maplewood School for dyslexic children.

Wow! That sounds a bit harsh. What did the Kenneth Gordon Maplewood School do that calls for them to be neutered?

#105 brainsail on 07.24.13 at 10:00 pm

To education, financial education to be exact!

#106 Carpe Diem on 07.24.13 at 10:02 pm

Movember is just around the corner. I’ll double that amount (the original $100 ;-) to see Garth with a Mo for a month.

#107 pathcontrolmonk on 07.24.13 at 10:02 pm

Here is a local rescue org in Calgary that has been overwhelmed by the floods, I am sure they could use the help!

http://www.poundrescue.com/

#108 Derek R on 07.24.13 at 10:04 pm

Maybe you could combine the animal/human charity aspects by donating it to a food bank but specifying that it must be spent on cat food (or dog food). Must be lots of food bank clients with pets who would appreciate that.

#109 blase on 07.24.13 at 10:04 pm

$1,000 to the Politically-Correct Endowment, which works to help cure people of their mistaken beliefs (ie. Caucasian people are racist, non-Caucasians can’t be racist).

#110 David Garbary on 07.24.13 at 10:06 pm

I haven’t posted here for ages, but your proposal has raised the imagination of my research students. One of them (undoubtedly thinking of me) suggested the following charity:
adoptadonkey.org.uk
I am hoping that there is a Canadian chapter of this worthy cause. Regardless, the stubbornness of donkeys should ring a a bell with the greater fools who are the focus your daily rants.

Keep up the great work Garth

#111 CrowdedElevatorfartz on 07.24.13 at 10:07 pm

Sorry, I meant Mike Duffy needs Pamela Wallin to administer his enema and she will only do it if she gets paid $1000. ( Who sez money cant buy luv?).

Uncle Garth please grant me this one wish so that I may release pent up gas……….

#112 CrowdedElevatorfartz on 07.24.13 at 10:09 pm

Too Late!
The gas is no longer “pent up”

#113 CalgaryFloodBoom on 07.24.13 at 10:11 pm

DaveCalgary,

Anyone ever consider looking in surrounding areas for rentals? I know commuting isn’t much fun, but it could save you from making a costly mistake.

Just because people buy overpriced houses doesn’t make it right in Calgary or anywhere else….

#114 Derek R on 07.24.13 at 10:12 pm

#93 GregW, Oakville on 07.24.13 at 9:38 pm wrote
I think Dorothy deserves it as a Thank You for sharing you with all of us. She could find a good use for the prize money I’m sure.

She does! She could! I like that suggestion.

#115 father on 07.24.13 at 10:12 pm

invest it

#116 Tigger on 07.24.13 at 10:13 pm

Congrats Garth.
I like CalgaryGuy’s idea, leverage the stash and donate even more to a Food Bank.

Also, I can’t wait to see you return as a public official. You offer a rare glimpse at what a public servant is and can be. It’s truly painful to see the level of incompetence and entitlements across all levels of government.

… I will say, as much as I enjoy your financial wisdom and saucy writing style you genuinely intrigue me: what is someone with this much talent and ability going to do next?

Cheers,
-Tigger

#117 Son of Ponzi on 07.24.13 at 10:16 pm

Vancouver’s real estate prices show it’s time to crackdown on foreign ownership.
Bruce Allen on CKNW 980 today.

http://www.cknw.com/Episodes.aspx?PID=1103

http://www.cknw.com/Episodes.aspx?PID=1103

#118 Cory on 07.24.13 at 10:18 pm

Good job!

I recommend not giving it to charity. They’re all just businesses where the people who need it most get least in the end.

Personally, I give to the source whatever the source may be.

I think you’d do better to give it to say bottle pickers/recylcers. Why? because they are working for a living…as meager as it is. I always support them when I can. It is a tough job they have and for small amounts of money. I find the panhandlers just plain old lazy and never give anything to them. They’re the most ignorant and try to be aggressive as if you owe them something. They ask me for money while carrying a six pack…hell, hey don’t even recycle their own cans or bottles!! they leave them for the pickers!! lol.

Or keep your ears open for families in need with sick children and somehow give direct to them, even if it’s not the full amount. Give to several.

#119 Squatter on 07.24.13 at 10:19 pm

Congrats Garth!
Why not send the grand to the poor Mikey the realtor, he is probably starving!

#120 Xyz on 07.24.13 at 10:19 pm

Charity is over-rated. But if you must throw the money at something, I would recommend something like youth training where you can have an albeit small impact on someone’s future… The whole teach a person to fish sort of thing…
I do like the one persons suggestion to raffle off financial advice… Might be a fundraising idea for the future

#121 EvilTwinInEdmonton on 07.24.13 at 10:20 pm

Donate to Junior Achievement. Help kids learn how to start, run and liquidate companies. Either that or the LED lights.

#122 civilian on 07.24.13 at 10:26 pm

give it to some poor kids who lost their parents to uncle Sam in war against terror. He can eat for two full years in those $1000 bucks

#123 OttawaMike on 07.24.13 at 10:27 pm

Abbeyfield Houses Society
Non profit senior’s housing volunteer agency:
http://www.abbeyfield.ca/about-us.html

The Ottawa chapter in particular could use a guardian angel right now.

This worthy initiative fits the reoccurring cautions in your blog of outliving your money and over relying on home ownership as the prime source of a retirement nest egg.

#124 r on 07.24.13 at 10:28 pm

Donate to royal baby that is how u can add your name to the greatest fool list

#125 45north on 07.24.13 at 10:29 pm

The housing adjustment in Canada is coming. In places like Victoria, Halifax, Montreal and most of the Lower Mainland, as well as swaths of SW Ontario and almost all of the Maritimes, it’s here. Over time, it will affect every market, since nowhere is different. The event will not be a US-style crash, nor will it be swift. But every year for the next many you should expect declines in prices, as debt accumulates, the economy slow-walks, then as interest rates normalize.

small declines in price will put 50% of homeowners effectively underwater. The same as in the US. Their debt will pull them down. Mark Hanson says that underwater homeowners no longer participate in the housing market. They don’t buy and they don’t sell. I would add they don’t renovate.

Look at two houses side-by-side in Georgetown. In one house the owners are trapped, in the other they’re not. Funny the houses look pretty much the same.

http://www.greaterfool.ca/2013/05/16/soft-landing-part-deux/

#126 coastal on 07.24.13 at 10:31 pm

Jeneece’s Place for sick kids in Victoria. This awesome young girl Jeneece has been through hell with tumors all through her and multiple operations with rods in her back, etc and has to go back in again soon. She has helped so much to create this place. $1000 would be an awesome place to put the cash Garth.

http://jeneeceplace.org/blog

#127 Mave Daley on 07.24.13 at 10:35 pm

Congratulations on your Victory… A donation to your local Food Bank.

#128 mike on 07.24.13 at 10:37 pm

homeLESS shelter

#129 lucyj on 07.24.13 at 10:39 pm

The Shriner’s Hospitals do a great job for free to children and the management is first class. The head of the Shriner’s Hospitals basically works for free, a great organization.

#130 Victoria - the Original on 07.24.13 at 10:42 pm

What I find so crazy is that I just received an email from a RE agent saying that prices are up again and the Victoria market is doing a lot better because of lower interest rates.

#131 Victoria - the Original on 07.24.13 at 10:43 pm

A good animal rescue shelter in your area.

#132 Country Girl on 07.24.13 at 10:44 pm

Garth, Make your donation to an organization with an aim to keep Jenny McCarthy from joining the View and spreading misinformation (pure quackery) about vaccines. This will help prevent the spread of viruses and very possibly save thousands of human lives.
i.e., McGill’s Office for Science and Society (OSS), Dr. Joe Schwarcz

#133 Early Spring on 07.24.13 at 10:44 pm

Here’s an idea Garth. You suggest to us a few of your believed to be greatest performing ETF’s and bank preferred stocks(and run the account). From your elite list, us the readers will vote on the picks we will make. We expect a 100% return to double our charitable money but will aim to make 8-10%. Then we donate the $1080-$1100 to the determined charity. It’s fun for all and you get a chance to demonstrate to us your investing method. You owe it to us Garth Turner!!! You wouldn’t have this problem without us!!! Haha just an idea, consider it, KEEP IT REAL!
(and consider lightning up sask on a post sometime again)

#134 Andrew on 07.24.13 at 10:46 pm

$1,000 – Donate to Solid Golds on Yonge… you deserve it Garth

#135 Smoking Man's Old Man on 07.24.13 at 10:49 pm

Garth, dogs seem close to your heart, so how about a donation to SPCA. I feel particularly sorry for animals as they are at the mercy of their owners.

#136 KommyKim on 07.24.13 at 10:50 pm

Maybe donate to the Khan Academy to help all those future virgins “do the math” before getting deeper in debt.

https://www.khanacademy.org/about

#137 Cp on 07.24.13 at 10:53 pm

One idea is to pay a bunch of fake Chinese buyers to line up at the airport and tell Global to interview all the Chinese leaving Vancouver because prices are insanely expensive, use a bit of reverse psychology to help the troubled masses.

Either that, or use it as down payment on a condo. Have I got a deal for you!

#138 dosouth on 07.24.13 at 10:54 pm

Congratulations Garth. You do the heavy lifting and research for this blog all these years. Like real estate you will never get a true consensus so you should ask your wife what charity – she has patience in allowing you to spend so much time educating us. She’ll make the right decision.

#139 Smoking Man on 07.24.13 at 10:55 pm

What a week 3 boys all quit there jobs. Phase 1 of the master plan complete.

F the machine ha love it..

Two have a plan, the middle one, needs a bit of work. We will figure it out in Vegas and maybe a bit after.

I love my kids

Get ready for SMOKING MAN OFFSPRING INC

#140 Wee Wabbit on 07.24.13 at 10:55 pm

How about “Habitat for Humanity” since you seem to talk a lot about houses!

#141 2CentsCdn on 07.24.13 at 10:56 pm

Take your wife out to a few nice dinners. You (try to) help a lot of people on here and put up with a lot of crap. You deserve it. And set a side a few hundred for a Smoking Man shrink. Gotta start peeling open that noggin and let the demons out.

#142 vangrrl on 07.24.13 at 10:57 pm

SPCA or Old Dog Haven (Seattle) or Plan Canada…

#143 TheCatFoodLady on 07.24.13 at 10:57 pm

Congrats on the win. Too many good suggestions for charities for me to add anything.

#144 jan on 07.24.13 at 10:58 pm

TO AN ANIMAL SHELTER IN MOST NEED !!!!
btw – stop deleting my posts

#145 Old Man on 07.24.13 at 11:01 pm

$1,000 for the Covenant House assisting homeless children.

#146 Godth on 07.24.13 at 11:08 pm

131 lucyj
The Ancient Arabic Order of the Nobles of the Mystic Shrine, I think they’re pretty well funded.

#147 Ralph Cramdown on 07.24.13 at 11:10 pm

Please, anything but an animal shelter — it only encourages them.

With all the human misery in the world, and all the children who could achieve more if only they had a bit more, it seems almost a crime to instead donate money to a cat penitentiary.

The problem with urban animal shelters is that they’re terrible at their jobs. The job is killing cats. If an average of ten cats come in and three go out every day, they need to kill seven cats a day. But they don’t. They stack them high in the irrational belief that the trend will change, which is why the most common adjective before the words ‘animal shelter’ is ‘overcrowded.’ If you give them more money they’ll just warehouse more surplus cats. It’s no life for the cats or the employees. Don’t encourage them.

#148 1000 Bucks on 07.24.13 at 11:11 pm

Hi Garth,
For $1000.00. You should bring your favourite amazon home for your wife.

#149 Rural Rick on 07.24.13 at 11:13 pm

Invest it. Use the proceeds to fund worthy causes. Call it the blog dog fund. Elect officers. Become a charity. In perpetuity.

#150 MarcFromOttawa on 07.24.13 at 11:14 pm

Give the money to a bum on the street.

#151 Sebee on 07.24.13 at 11:15 pm

CBC is about to run a report about how to help pay that mortgage on that overpriced house. Sell rooms in your house! Sell 1/4 of the house. SERIOUSLY! Broker says Toronto realtors are pioneers in this idea.

I’m sorry to admit this made me laugh so hard I farted.

#152 Joel Deschamps on 07.24.13 at 11:16 pm

Perhaps a donation to the Detroit Police, Firefighters or City Workers Pension Fund.

Or $1,000 worth of your financial literacy books to local high schools

#153 FleetwoodBoy on 07.24.13 at 11:18 pm

#80…..you did see the bit about GT adding $900 to the prize pot????

#154 In the Valley on 07.24.13 at 11:20 pm

Too bad there isn’t a charity that teaches kids money management. You could donate it to that.

#155 The Man From Nantucket on 07.24.13 at 11:23 pm

Charity – I like charities that help children, because they’re not ready/able to help themselves.

Shrine Hospitals and Make a Wish are two that I support. Per google, they are reasonably transparent and efficient.

Otherwise, follow your own heart, and just add it to wherever your MP pension is donated.

#156 The Man From Nantucket on 07.24.13 at 11:25 pm

Ronald McDonald House as well. Excellent cause, excellent accountability/financial score.

#157 Thunderstruck on 07.24.13 at 11:26 pm

Please donate it to a dog rescue. Speaking of Dogs is a great one in the GTA that deals with a lot of the dire need cases. Older dogs, special needs dogs, dogs that require operations.

#158 doctorfoodie on 07.24.13 at 11:28 pm

- Daily bread food bank
– Cystic Fibrosis
– CAnadian civil liberties association
– Doctors without borders
– Legal aid

#159 smithers on 07.24.13 at 11:43 pm

Please give it to the Red Cross in High River. I have a high school friend who lives there who has lost everything. Her husband and 3 kids have to start over.
Any contribution is greatly appreciated.

#160 Scalgary on 07.24.13 at 11:46 pm

Congrats Garth!

Let ushavea contest model balanced portfolios for $50k, 100k. Winner gets $500. Runner gets $300 & third place gets $200.

This will fit to your agenda of educating people.

Keep up the great work!!!

#161 Whoopee — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate | The Affluent Boomer on 07.24.13 at 11:50 pm

[...] via Whoopee — Greater Fool – Authored by Garth Turner – The Troubled Future of Real Estate. [...]

#162 WiseGuy on 07.24.13 at 11:52 pm

Animal shelter? Wow…never knew so many animal lovers read your blog Garth…I guess that’s a good thing, but why don’t you donate the $1000 to the reader that has the best celebrity photo with them in it of course! Perhaps that $1000 could go towards their next rent or mortgage payment or their TFSA account. This way, we’ll get to see a lot of goofy pictures of readers with celebrities….that is of course if you post them!

#163 Hurly on 07.24.13 at 11:57 pm

Garth,
Use your investing prowess to open a portfolio and use the profits for a grant or bursary. Award it to a blog dogs child.

#164 Revmod on 07.24.13 at 11:57 pm

Buy gold!!!!! GGGOOOOOOLLLLLDDDD!!!!1!

Seriously, I think Calgary/High River and Lac Megantic are obvious choices. But if you’re looking for charities where your dollar goes far and you can see the direct good it’s doing, my own favourite is Canadian Association of Medical Teams Abroad: https://camta.com/ . They do enormous good changing the lives of disabled people in Ecuador with reparative surgery.

Neither is very thematic, I admit. Some debt counselling charity, maybe?

#165 Musty one on 07.24.13 at 11:57 pm

Please donate the $1k to the BCSPCA. Request meow mix purchase for us boomers with no pensions and mcmansions still with mortgages. (they can buy at wholesale prices and double the amount). Much appreciated.

#166 GenXer on 07.24.13 at 11:58 pm

I agree with
#29 Macrath on 07.24.13 at 8:02 pm

With F, H and the CMHC making it impossible for the average Canadian to afford the average home, let’s give a hand up to struggling families that need help – habitat for humanity gets my vote.

#167 blobby on 07.25.13 at 12:01 am

My suggestion for the money:

plancanada.ca/Asia‎

#168 Nosty the Simpletun on 07.25.13 at 12:04 am

-
Arlene Dickinson (I think) from Dragon’s Den does radio spots promoting healthy breakfasts for kids who haven’t eaten before school. $5 buys a few breakfasts.

Here I am in agreement with #82 waiting on — “Teach a man to fish …”

Giving children a head start often pays outstanding dividends later on. Congrats on your win!

#169 N x NW on 07.25.13 at 12:16 am

Junior Achievement

…it’s one of the few programs that will teach age appropriate (gr. 5 through high school) financial basics to our youth

Volunteering for them is quite rewarding

#170 BB on 07.25.13 at 12:16 am

Garth,

To all greater fools reader, congraturations. We all deserve this.

As to the funds. No charity please. Garth, you’re doing more than any Canadian can give: Your time. The money should go toward hiring or improving the blogs. Heck, somedays, maybe there should be a pay wall on the blog. To me, the funds should be in the greater fools account. I can even send you some donations to improve this blog.

Let’s push it toward a go to place for hard facts:

#171 Son of Ponzi on 07.25.13 at 12:16 am

Sorry Garth for raining on your parade.
Canada has one of the highest child poverty of the developed Nations.
But most of the suggestions are for shelters/help for animals.
This country is crazy!

#172 John G. on 07.25.13 at 12:27 am

Use it to short Canadian real estate!

#173 bill on 07.25.13 at 12:28 am

foodbank or animal shelter seems to me the way to go.

#174 HDJ on 07.25.13 at 12:29 am

How about $1000 to whoever posts the next “FIRST” comment?

#175 Mike on 07.25.13 at 12:32 am

I just have to say – and I know some of you might be offended … – I can’t believe that I’m seeing more people here vote to support an animal shelter than children/people in need.
Don’t get me wrong, I do like animals but to me people, especially children come first, second, third, … then animals.
Just my 2 cents

#176 bob on 07.25.13 at 12:34 am

How about the Liberal Party, just to piss of the F?

Or, the food bank.

#177 The R on 07.25.13 at 12:34 am

please give it to the whistleblower living in some airport somewhere–with a thank-you note

#178 Michael Motorcycle on 07.25.13 at 12:36 am

Your local food bank Garth.

It’s not exciting,

It’s not a great story,

It’s the best feeling money can buy.

#179 Kate on 07.25.13 at 12:39 am

Donate to Canadian Realtor Association, they may need the money soon.

#180 Jack on 07.25.13 at 12:45 am

SPCA please. Help our animal friends.

#181 m on 07.25.13 at 12:57 am

My vote goes to the SPCA. They pick up the discarded, dirty and unloved for the pleasure of a snout rub, a raised paw, a prickly purr and even a rat grunt…yes, they rescue pet rats. Need I say more?

#182 Deanne on 07.25.13 at 1:03 am

$900 to Other Sights – a non- profit org in Vancouver. They are co- sponsoring a project thinking about architecture abs development and community.
http://othersights.ca

Use the $100 for a sports pedicure, or a growler (or 2) of craft beer, or go with the gas.
Enjoy your blog, cheers

#183 blokexistentialist on 07.25.13 at 1:09 am

Animal shelter. People are responsible for their own actions (like living in Vancouver), but animals are too often at the mercy of ours. The lucky recipient could name one of the shelter cages Animal House in tribute.

#184 Half full on 07.25.13 at 1:37 am

Show the masses your investment ways. Invest the $1000, and donate whatever you make quarterly to the charity winner of this contest. Report regularly on your donations, let the gift keep on giving!

Children’s Hospital

#185 Dean on 07.25.13 at 1:46 am

Hi Garth I say give it to the young single mom
in Ottawa that lost 3 limbs to an infection.
At least you’ll know who the person is that needs it.
Dean

#186 VanPerfecto on 07.25.13 at 1:49 am

Bruce Allen truly knows Vancouver. He is a right wing capitalist and a successful muti -millionaire. He is no lefty. The fact he posted speaks volumes.Thanks for posting

#119 Son of Ponzi on 07.24.13 at 10:16 pm
Vancouver’s real estate prices show it’s time to crackdown on foreign ownership.
Bruce Allen on CKNW 980 today.

http://www.cknw.com/Episodes.aspx?PID=1103

http://www.cknw.com/Episodes.aspx?PID=1103

#187 peterx on 07.25.13 at 1:50 am

give the money to someone who will spay/neuter all the dogs in the west end. Tired of cleaning shit off my shoes.

#188 William Bell on 07.25.13 at 1:54 am

Hey Garth,

How about flexing some those finance muscles and show us how you would plant & grow this thousand bucks? Like a sub-blog of where you’ve put the money?

And whatever quarterly/yearly extras above the $1000, donate them and repeat.

$1000 may be too small to slice up & diversify … but just an idea.

#189 Bubu on 07.25.13 at 2:25 am

#2 jaguar on 07.24.13 at 7:35 pm
Give the money to a rescue shelter for dogs, please.
————————————————————

Exactly my immediate thought, same words even.

Please Garth, please! Dog shelter !!!
I (and also my Bandit will love you)!

#190 a prairie dawg on 07.25.13 at 2:34 am

How about some financial ethics lessons for all Parliamentarians?

And if there’s any money leftover, maybe some partisan deprogramming electroshock treatments?

#191 Vandamncouver on 07.25.13 at 2:43 am

Garth,

Give the money to a Lac Megantic charity, they need it.

#192 Andrew Woburn on 07.25.13 at 2:50 am

I was bemused by the handwringing yesterday about the “racism” of people who don’t like having their city steamrollered by waves of people who don’t speak their
language and don’t share their culture. Until the politically correct nineties, we called that “normal”.

However for those of you who are now deciding which is the most appropriate wrist band colour to demonstrate your resolute opposition to racism in Vancouver, you
should know that it is impossible to function as a racist in this city. First, no one will tolerate it. Second, wherever you work, shop or study you are immersed in
a stew of every race and ethnicity. You cannot keep noticing their facial features. You only notice if they speak enough English to communicate. If they speak
unaccented Canadian, they are accepted as such.

North America has always had ethnic enclaves. “Texas German” was the dialect of many settlers there who had whole towns functioning in German. For years Toronto was the largest Italian speaking community outside of Italy. Richmond is now a predominantly Chinese city but the signs of assimilation are already beginning. I notice that the schoolchildren on the streets are mostly ethnic Chinese but almost always speak flawless Canadian to each other. I have met younger second generation Chinese who won’t live in Richmond because it is “too Chinese”. I suspect yet
another generation of immigrant grandmothers will soon bewail the failure of their descendants to respect the old ways.

Previous waves of immigrants were usually poor and moved unnoticed into ghettos. The current wave are buying high profile properties. This apparently leads some people to think they must therefore be corrupt. Undoubtedly some are, but lessons from my Asian friends taught me that you cannot apply Canadian standards to the reality of mainland China. I was assisting a friend from Shanghai with a proposed venture in China. I asked why he did not choose to do it in Shanghai, the city of his birth. He said in Shanghai you can never figure out who you are dealing with, and if you get it wrong, you can lose your business to people you didn’t even know were watching. Another friend had a factory in Beijing that he was afraid to leave for more than a month in case his business was wrecked or stolen. I asked the guy from Shanghai if “corrupt” is normal, why do only some people get shot for it. He said, with perfect seriousness, that if you take more than your boss and he finds out, you could get shot. So ask yourself, if you managed to make a few yuan under this system wouldn’t you jump at the chance to park it safely in a Vancouver property along with your wife and kids? Are you “corrupt”?

I am old enough to remember why racism became an important issue in the world but Canadian bleeding hearts need to get a grip. Asian immigrants are not poor black sharecroppers. They don’t need help getting to the front of the bus. If a white person expresses his disappointment that all the places he grew up with are now buried under dim sum palaces, that is not racism. If a mother is concerned that her children can never buy a home in their birth city because she thinks wealthy immigrants have priced them out, she is not being a racist. If a middle aged man in West Vancouver remarks that he can no longer chat with his neighbours over the back fence, we don’t need the human rights commission. These are painful changes in a community. We should cut a little slack for the old Canadians as well as the new.

#193 TK on 07.25.13 at 2:52 am

Invest it.

#194 DON on 07.25.13 at 2:54 am

Donate to a children’s charity – they deserve assistance.

Qualicum Beach and Oceanside Area of Vancouver Island – the retirement mecca per capita – sales lagging – prices wavering.

#195 DON on 07.25.13 at 3:00 am

Correction to my previous donation suggestion.

#128 coastal
“Jeneece’s Place for sick kids in Victoria”

Agreed, her parent’s could use the help with their expenses.

#196 DaveCalgary on 07.25.13 at 3:01 am

CalgaryFloodBoom:

I am moving to Calgary for at least 10-15 years. I can’t see how buying a place I really like in an area that I enjoy living can be a mistake. When I see what is for rent and in what areas I just don’t see anything long term. I have moved around a lot in my life and have previously lived in Calgary so I know what areas I would like to live in…I want to live within 20 minutes of my work. Job is in the NE and many areas provide a 20-25min drive which is fine with me.

I make ok money and don’t see how spending 30% of my take home on a house where I can enjoy living is going to be a disaster. I don’t want an investment, I want a place to call home in an area that I enjoy.

I am grateful for explanations as to why am I wrong…always open to change my mind.

#197 patullo bridge dweller on 07.25.13 at 3:05 am

Congrats ! Its a great blog well done. I hope you will continue to inform loser’s like ME regarding financial well being. I need your $ 100.00 price to invest in worthless metals. kaching$$$

#198 Buy? Curious? on 07.25.13 at 3:08 am

GIVE THE MONEY TO SMOKING MAN!!! HE’S IN VEGAS, SOMEWHERE INBETWEEN THE OPEN BUFFET AND THE ROULETTE TABLES!!!

AS WESLEY SNIPES SAID IN PASSENGER 57……

http://www.youtube.com/watch?v=EIC_yC7L7Ec

#199 Jane24 on 07.25.13 at 3:25 am

Only one answer – the Salvation Army.

They do the urban jobs that we are too busy or too fastidious to want to do for our fellow creatures; although we know damn well that we should get down and do them.

#200 nubbers on 07.25.13 at 3:46 am

I would use the $1000 to fill a gap in Education.

I hope it’s not too inflamatory to mention that a relative who is a teacher in Toronto expressed his preference for teaching Chinese pupils because they are so much more dedicated.

#201 drydock on 07.25.13 at 5:00 am

Spinal cord research.
I hate seeing people living out their lives in wheel chairs.

#202 George the 7th on 07.25.13 at 5:57 am

Thinking of the future of this world I will grow up in – donate to the Canadian Red Cross. They consistantly rank first for throughput efficiency to needy targets.

Would not begrudge you keeping it. But a noble gesture to donate …

#203 jerry on 07.25.13 at 7:03 am

$500 bucks on booze,hallucinants,and the Harley.

Then waste the rest!

#204 John Loomer on 07.25.13 at 7:03 am

http://www.raisingtheroof.org/

You have a sense of humour,help fight homelessness in Canada….

#205 Or Best Offer on 07.25.13 at 7:11 am

There are a lot of good suggestions so far Garth. It’s going to be hard to pick one. But instead of just giving it away, hold on to it. Invest it in a balanced porfolio for a year and occasionally update us on how the $1000 is growing.

#206 bigrider on 07.25.13 at 7:29 am

Toronto is chock full , busting at the seams that is, full of real estate junkies.

Condos are the equivalent of crack cocaine for these junkies.

#207 John on 07.25.13 at 7:31 am

Give the money to Carlos Danger so he can join the ranks of Rob Ford and other notorious city mayors….how do these losers keep turning up as leaders?

#208 pbrasseur on 07.25.13 at 7:47 am

Give it to Quebec politicians, they excel at spending other people’s money…

#209 MMMmmm Labradoodle on 07.25.13 at 7:49 am

I see lots of votes for food banks & animal rescue. Think about it….problem solved!

Remember when Toronto was talking about culling some geese to feed to the homeless?

#210 jess on 07.25.13 at 7:49 am

warehousing GREED

http://www.bloomberg.com/news/2013-07-22/cftc-says-thoughtful-review-of-warehousing-needed-1-.html

FERC has published excerpts of their chats such as this one:

setcjake: you blow your index load yet?
smittybarcap: not yet. why?
setcjake: watching to see how low the hr’s can get
setcjake: its like that battle sceen from Braveheart: hold…hold…unleash hell!
smittybarcap: ha.
setcjake: with no load/low volume, a hvy handed index dump really moves it

“Respondents not only engaged in this manipulative scheme at four trading nodes in the western United States during the Manipulation Months, but that they did so with the intent to commit fraud,” FERC officials wrote in a judgement handed down last week, six years after the trading took place.

buying up the major warehouses where national stocks of the refined metal are stored in Detroit. The bank then deliberately moves the physical metal from one building to the next to delay their sale and push up prices as well as the cost of storing the aluminum. Experts estimate that the hidden cost to the consumer at $5 billion over the last three years

Commodity Scams: Barclays, Goldman & JP Morgan Under Fire

by Pratap Chatterjee, CorpWatch Blog
July 23rd, 2013

http://www.corpwatch.org/article.php?id=15857

#211 T.O. Bubble Boy on 07.25.13 at 7:56 am

half of those mortgages that were modified by the 2009 Obama homeowner ‘rescue’ program are in default!
(I guess that’s still better than 100%)

http://www.cnbc.com/id/100909783

CMHC/Flaherty/Harper – are you paying attention???

#212 TurnerNation on 07.25.13 at 7:59 am

Some worthy other causes:

Smoking man teeth whitening fund.
Smoking man new liver fund.
Smoking man penicillin supply fund.

New weblog policy?:
User names, nicknames, pet names, nomes de plume, terms of endearment shall all be anagrammed first.
For the purpose of moral hygiene.

#213 CannabisDad on 07.25.13 at 8:13 am

Garth, a quick thanks for showing my wife the error of her house horny ways. I was in tough, alone against the home pimping world and then you arrived. Thank-you. As for that $1000. I suggest sensiblebc.ca. This organization is courageously taking on unjust laws and is organizing a petition to hold a referendum in BC on the question of prosecuting marijuana “crime.” I am one of the 30,000 Canadians who is able to access marijuana (just over 13 months now). Symptoms that made my life almost impossible are now gone or greatly diminished. Supporting the exercise of personal freedoms and defending Constitutional Rights are always a good use of money.

#214 raider on 07.25.13 at 8:32 am

Hi Garth,
your readers are the best charity to sponsor. Instead of pissing 1000$ into the wind or a charity, where it gets stripped by the administrative fees. Show people how to invest it.

Take the 1000$, open an discount brokerage account (or any of your fav. brokerakes) for that matter, and throw the money at Preferred, REITs, and bond ETFs. Everytime you make a trade, you make it part of your blog post.

The rationale is simple. I think the majority of readers of your blog got your message. However, most of them fail at executing it. Take the 1000$ and show them how.

Since most of the property owners are cash-strapped, delivering on the challenge of investing just $1000 properly will be quite exemplary.

#215 G Man on 07.25.13 at 8:33 am

Don’t forget your tax receipt

#216 Lisa on 07.25.13 at 8:36 am

How about donating it to Democracy Watch? The gods know we need someone watching what’s left of democracy in this country!

#217 gladiator on 07.25.13 at 8:37 am

Behind every strong man there is a strong woman.

Garth, take Dorothy to a nice restaurant and buy her a ring – you know, instead of the stolen one many years ago. After all, she tolerates you for so many years now.
And buy Bandit a nice squeaky ball and a bone.

#218 Craig on 07.25.13 at 8:48 am

Give it to Will Ferrell, he makes me laugh

or

Kevlar vest for Zimmerman. Make him think he’s invincible.

or

10 table dances. One from each race.

or

Kia Canada

or

Anything to do with kids

or

Nothing to do with animals

or

An ignore feature on this web site

or

recipe for you to cook crow. wouldn’t want you to eat it raw and get sick

or

seeds to start your own grow op or expand. Medicinal purposes of course

Last but not least;

keep it for a down payment on a house

#219 Garth the Giver on 07.25.13 at 8:48 am

Take ten $100 bills, walk to the street and give it away to the first 10 non-suits you meet. It will make their day and yours.

Congrats on your blog. Keep up the good work.

#220 CrowdedElevatorfartz on 07.25.13 at 8:54 am

@ #152 MarkfromOttawa
” Give the money to a bum on the street”
++++++++++++++++++++++++++++++++++

Mike Duffy has enough cash thank you very much.

#221 Diana on 07.25.13 at 9:07 am

Several good (and some ridiculous) suggestions for the charity money already.

Throw my vote on the “pick a food bank” pile.

As always, an entertaining and thought provoking read. Thanks for writing this blog!

Diana

#222 sciencemonkey on 07.25.13 at 9:13 am

I don’t understand Habitat for Humanity in Canada’s context, because a house is a luxury a wage slave cannot afford. Why should this wage slave make charitable contributions so that someone else can have that luxury?

Smoking Man, we like the term Wage Slave, but I think we should start using the companion term Equity Lord. Both terms are in the science fiction novel The Diamond Age. The meaning of wage slave is obvious, and an equity lord is someone who owns company equity in the neo-Victorian society described in that book.

For charity, I recommend Planned Parenthood, as overpopulation is the #1 threat to our continued existence on this planet.

#223 D.D. Corkum on 07.25.13 at 9:20 am

After the bitter comments yesterday, maybe #14 is on to something about an agency that fights racism.

Several commenters noted the red cross (Lac Magantic, Calgary, etc). If you go that route, make it a “general donation” to the red cross so that they can put the money where it needs to go rather than locking it in to a specific disaster.

#224 g on 07.25.13 at 9:25 am

CAMH

#225 Penny Henny on 07.25.13 at 9:31 am

Please send the money to CSWC.
Chinese
Students
Without
Condos

#226 Jacob on 07.25.13 at 9:33 am

I am a realtor who’s about to be out of a job, give me the grand please

#227 Jean-Michel on 07.25.13 at 9:40 am

Hi Garth,

Congrats on your blog.

What about this crazy idea:

Based on comments you suggest a couple of categories and then have us, your faithful readers, pitch in a small amount (even a single dollar each will do). If most readers pitch-in a dollar (via Paypal or whatever), that could raise a nice sum.

Category with the biggest amount wins, and you add up your 1000$ to it. You can then give away the money for each category to a relevant organization.

A bit more work but that would make for some major bragging rights: an interesting blog AND an involved reader community.

Cheers

#228 cowtown cowboy on 07.25.13 at 9:46 am

Garth,

How about starting a charitable fund with the money, other blog dogs can contribute and the funds can be invested in a balance, diversified and liquid portfolio. People can track the performance of it and see for themselves how this strategy pays off, and as the fund grows, you can carve off some every year and donate to a variety of worthy causes. This will help educate as well as assist those who are truly in need.

Cheers,

CC

#229 bigrider on 07.25.13 at 9:46 am

The RE-101 Gottahumpahoma Virus has now gone viral.

Some of the Symptoms include:

1) Foaming at the mouth when passing open houses

2) Erections lasting longer than four hours at the mere site of copper eavestrophes

3) Cold sweats when in contact with stone front facades

Much worse than the H1N1 or HIV ever was.

No cure in site, including this site.

#230 Van on 07.25.13 at 9:50 am

Invest it in a negative correlated portfolio and watch it grow so that you can give more than $1K to an animal shelter…

#231 Darlene on 07.25.13 at 9:58 am

My vote goes with any childrens related charity like Sick Kids or Ronald Mcdonald house. But I would suggest if you’re feeling charitable, donating your time as a financial planner to the families. Their lives have changed and the last thing on their priority list is being house horny. Help ease the burden by helping them get their finances in order and with your political knowledge help them find access to the services they need.

#232 Derek R on 07.25.13 at 10:03 am

#214 TurnerNation on 07.25.13 at 7:59 am wrote:
New weblog policy?:
User names, nicknames, pet names, nomes de plume, terms of endearment shall all be anagrammed first.

Okay, Neutron Train, Tannin Router, Anoint Turner, or whatever-your-real-name is. Have it your way.

#233 Nemesis on 07.25.13 at 10:17 am

@SmokingMan/#90

Thank you!…

…”don’t feed the machine.”

I try not to… but as you well know, when it comes to coaxing outputs from TheMachine’… some solutions are more elegant than others.

I just know you’ll get this:

http://en.wikipedia.org/wiki/High-level_programming_language#Abstraction_penalty

#234 45north on 07.25.13 at 10:19 am

T.O. Bubble Boy: half of those mortgages that were modified by the 2009 Obama homeowner ‘rescue’ program are in default!

Mish says it’s 30% for the program as a whole but for those in the plan long enough it’s 50%

http://globaleconomicanalysis.blogspot.ca/2013/07/obamas-hamp-program-stunning-success.html

my fear is that the politicians in Canada are going to come up with a plan that is basically the same. However the politicians should look at the Americans – good speeches.

#235 JimH on 07.25.13 at 10:21 am

Set up some micro-loans to candidates of your choice in developing countries through http://www.KIVA.org

#236 Randis on 07.25.13 at 10:22 am

Thanks Garth for the good cause. Here’s the list …

1) Humane Society
2) Children’s wish foundation
3) Sick Kid’s hospital
4) World Vision

#237 calgary rip off on 07.25.13 at 10:26 am

#65 Dave Calgary

Garth doesnt get it regarding Calgary real estate. I have lived in Calgary since 2007. I was able to locate a good rental in NW Calgary at that time which I rented until 2011 when I bought a place 10 houses down the street. The rent was almost $1700 a month without utilities. Every June I would be nervous because that is when the lease expired and there is no rental amount protection to tenants in Alberta. Given that most of the people I work with bought 2004, their mortgages were half my rent. There is old Calgary and new Calgary. If you bought post 2005 you are new Calgary. Most of Calgary would abandon ship if they had to pay today’s prices because they couldnt afford it. So all those people I work with saying they dont have enough money dont have a clue for how hard it is to save the down payment and pay rent. My landlord told me I would never buy. I considered this an insult and bought when he was in the hospital. His wife said, “this is a very bad time for us.” As a consequence she used the photos I had taken of the place in 2007 when I moved in(for evidence of damages and I had pride in the place-my first rental!) and then showed the place for her as well-no commission. I cemented the deal to some people from Newfoundland, who were then there for half a year after I moved down the street. Since then the landlords are now on their 3rd tenants since 2011.

The advice to wait on this blog is retarded. If you do that in Calgary you wont make it. The costs of living are just too high. Unless you will be retiring in 5-10 years or moving or unstable job, get a mortgage with cushion to renew when rates go up. If you wont be retiring for a while you owe it to yourself. Most of the info on this blog is for people who are closer to death(possibly) than the younger crowd(boomers). This advice to wait comes from someone who already owns multiple properties. For those of you that want a place to live in, save prudently then buy the mortgage wisely.

As much as Calgary is a total ripoff, it doesnt make sense to dwell on it. Prices arent coming back to 2004 unless interest rates hit 15% and if that happens most people wont have jobs, so you wont be in a position to buy anyway even if true prices are low, so it is best to move on, acknowledge reality, wait patiently, then strike like lightning when the property arises. This is exactly what I did. There were no bidding wars and I had to motivate both my wife and realtor that yes, this was the property suiting the criteria: 1) Same community, 2) 100 meters from school(no bussing), 3) fully developed. Despite all that, the previous owner was a cosmetics type guy that did partial work, for example he painted the concrete in the garage using paint for walls so when you pull up the mats the paint comes up too. Given that he was also a cigarette smoker it isnt surprising and all the other half hearted stuff he did(installing laminate flooring in the washer/dryer room). Nonetheless, the reality is that $80,000 is not in the previous landlords pocket since buying.

So I would look at this blog as more as entertainment than solid housing investment advice because Garth is in Ontario and doesnt get the cattle mentality of Calgary. Keep in mind that most speed limits on the road in Calgary are designed for people that are drunk or stoned, and that is the prevailing mentality for buying properties in Calgary, insanity. Best to wait and then strike like lightning and get it over with so you dont have to deal with the market anymore.

You rationalize well. How much of your net worth is in that house? — Garth

#238 Holy Crap Where's The Tylenol on 07.25.13 at 10:29 am

#141 Smoking Man on 07.24.13 at 10:55 pm
What a week 3 boys all quit there jobs. Phase 1 of the master plan complete.
F the machine ha love it..
Two have a plan, the middle one, needs a bit of work. We will figure it out in Vegas and maybe a bit after.
I love my kids
Get ready for SMOKING MAN OFFSPRING INC

Dear Smoking Man don’ t go all Hunter S. Thompson on while you are in Vegas. Although you could work on the novel whilst in a drug induced haze! No just have fun with your family!

What was I doing here? What was the meaning of this trip? Was I just roaming around in a drug frenzy of some kind? Or had I really come out here to Las Vegas to work on a story? Who are these people, these faces? Where do they come from? They look like caricatures of used car dealers from Dallas, and sweet Jesus, there were a hell of a lot of them at 4:30 on a Sunday morning, still humping the American dream, that vision of the big winner somehow emerging from the last minute pre-dawn chaos of a stale Vegas casino.

http://www.youtube.com/watch?v=Zm7r491n-8o

#239 Blacksheep on 07.25.13 at 10:36 am

Michael motorcycle #180

No, no, no. This 1000 bucks is all about symbolism.

I’m sure Garth already donates a ton to charities.

Garth, buy some fresh Metzeler 880s rubber and a Bagger Brace ™, your Harley will handle like a Ducati and the change may just save you life.

Twisty roads on a summers eve is actually the best feeling money can buy.

#240 Macrath on 07.25.13 at 10:39 am

#224 sciencemonkey

I really don`t think Habitat for Humanity is in the luxury home business. I support the Restore and there is nothing luxurious to be found there. But when something needs fixing its a great resource, especially if your in part time minimum wage survival mode, like most jobs these days.

“Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.”

#241 margie on 07.25.13 at 10:49 am

Hi there, my vote would be to support an organization that does not charge a fee as the funds wash through and where the most good could be accomplished. What about an organization that centres on women and their children? Cheers,congratulations and may the voice of reason continue to be yours!

#242 Dupcheck on 07.25.13 at 10:50 am

With the 1000$, take a vacation for yourself. Niagara on the lake and the wineries are nice. You work hard on educating the masses you deserve a vacation.

#243 Evangline on 07.25.13 at 10:54 am

http://www.furniturebank.org/

#244 elchavo on 07.25.13 at 11:12 am

In Canada, you are richer as you’re more in debt.

http://www.cbc.ca/news/business/story/2013/07/25/business-rich-canada.html

I really don’t get the logic here.

#245 Daisy Mae on 07.25.13 at 11:15 am

#216 Raider: “The rationale is simple. I think the majority of readers of your blog got your message. However, most of them fail at executing it. Take the 1000$ and show them how.

Since most of the property owners are cash-strapped, delivering on the challenge of investing just $1000 properly will be quite exemplary.”

****************

You’re wanting free financial advice? That is why we have Investment Advisors.

There are a multitude of charities — more popping up every day, usually with heavy administration costs — and all would be happy to receive the $1000. But it’s just never enuf, is it?

#246 Tyler G on 07.25.13 at 11:16 am

Garth,
This is my first post, reading for about 5 months, buddy in Vic BC got me hooked (if you read this, ya its you “my man”)

As for the charity my vote is for a food bank.

#247 vangrrl on 07.25.13 at 11:16 am

I have an idea for the gripers re: Canada’s love of animals and ‘but there are so many needy children’. Of course there are, and that’s why I also suggested Plan. Humans will never get it together for child poverty to cease. But here is my idea- no one have kids until all orpans/needy/sick kids are taken care of! I’m in- I’ll adopt. What a wonderful, caring world it would be :)

#248 sciencemonkey on 07.25.13 at 11:16 am

@242 Macrath:

When I use the term luxury, within the context of Toronto, I mean that the typical wage slave cannot afford to own anything other than a condo.

I like this quote, I really do:
“Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.”

What I’m saying is that those who already know how to fish would consider a detached home an unaffordable luxury.

#249 Mixed Bag on 07.25.13 at 11:19 am

Many good charity suggestions, not enough money ….

As this blog focuses on real estate, it does seem apropos to donate to causes for the homeless (human or animal, your choice, or split between the two to cover both). Garth, (and some blog dogs too), through your vast network of peers and associates, I believe that you are in a position to know better which charities are more effective, waste less, etc., so I will leave the specifics to you.

#250 daystar on 07.25.13 at 11:19 am

What to do with $1,000 bucks. The easiest thing would be to donate it to a charity or a cause or an organization but this is a financial blog and the dough came from the fruits therein and so, it makes the most sense to donate with financials in mind and to that end, perhaps the best way to spend this money, little that it is, is towards the awareness of what could well be the world’s greatest challenge, environmental change.

http://www.cbc.ca/news/technology/story/2013/07/24/business-arctic-melting-cost.html

It has been recently projected by 3 researchers out of the UK that the disappearing artic ice will cost the world some $60 trillion dollars. (this is a financial blog right? $60 trillion is a lot of cake) It has been suggested by these same researchers that governments need to do a comprehensive world study into the true cost on the world economy since there is little traction towards the prevention of man made climate change by these same governments.

Asking do nothing governments, many of which are led by lobbyists such as Harper to a cost analysis with man made climate change… I hope readers see the problem with this. Most definitely, the world needs to know definitively what the cost of doing nothing with man made climate change will do but it appears that since governments themselves can’t be trusted to do what is right, private citizens have to step up to do more. We are, quite simply, out of time.

My own source tells me (sorry, can’t quote it) that we are 5 to 6 years away from an artic tipping point that tragically is the point of no return in terms of losing Greenland’s ice. As the artic loses its ice, so goes Greenland. As the artic moves towards summer free ice (projected to be somewhere between 2020 and 2023), the methane released in the permafrost and ocean beds will be enough to warm the planet to the point of losing Greenland’s ice regardless of what is done to reverse C02 emissions. The amount of methane in the artic that is projected to be released is the greenhouse equivalent of man made C02 over the last 150 years and its effects will be dramatic.

Now… it may not sound like much, $1,000 bucks donated to research but the publicity could be worth its weight in gold. I can’t think of an issue greater than our collective physical environments of which we live as it sustains all life for the generations to come.

Can you?

#251 Melanie F on 07.25.13 at 11:27 am

Here’s two options to support victims of the devastating Southern Alberta flooding. Donations to the Stoney Nakoda Flood Relief Fund 2013 can be made at any Royal Bank branch. Donations to The Siksika Nation Relief Fund can be made at any Bank of Montreal. You would get a warm fuzzy feeling from helping people who lost everything AND from saying Hi to TNL@TB. She’s missed you since that wild summer you spent in Rome together.

#252 Godth on 07.25.13 at 11:42 am

252 daystar
You want something to worry about?
My sources tell me that there’s an ongoing nuclear meltdown going on at 3 nuclear reactors and a fourth dirty-bomb waiting to happen, as we speak.
http://www.youtube.com/watch?v=cSTjUbn3pOk

I also understand that carbon dioxide is plant food, nuclear radiation not so much.

#253 Donald Trump on 07.25.13 at 11:43 am

THE last thing I would give $$ to is any of these whacko environmentalist groups and their fear mongering.

======================

Re Prostate cancer…FYI it is best left UNtreated..people with Prostate Cancer often live beyond the average life expectancy. Treatment such as surgery makes the disease spread. the status-quo contains it, which is what nature is doing.

#254 Mixed Bag on 07.25.13 at 11:46 am

#233 Darlene on 07.25.13 at 9:58 am

“But I would suggest if you’re feeling charitable, donating your time as a financial planner to the families. Their lives have changed and the last thing on their priority list is being house horny. Help ease the burden by helping them get their finances in order and with your political knowledge help them find access to the services they need.”

———————————-
This is a wonderful idea. I’m sure you are a very busy man, Garth, and time may be at a premium for you, but this truly is a wonderful idea. Donating your knowledge could be far-reaching, indeed along the lines of “teach a man to fish”.

(For all we know, you may be doing this already. I myself don’t like to advertise whatever charitable acts or donations I make.)

Launch a lecture series for high school students, on financial literacy.

#255 Bottoms_Up on 07.25.13 at 11:56 am

Will and Kate want donations made in their name to help support mothers and/or children.

I recommend the money go to such a place.

#256 smartalox on 07.25.13 at 12:05 pm

Garth, in light of yesterday’s low-level xenophobia, I suggest a donation to a charity that helps new Canadians get settled in this country. You know, supply winter clothes to immigrants from the tropics, and the like.

I’m reminded of the film ‘Mame’ where the title character buys a piece of property to build a home for Jewish refugees, immediately adjacent to the home of her boorish, potential in-laws.

#257 Cowpoke on 07.25.13 at 12:05 pm

Start a privately held company and give me 1 share.

#258 Cowpoke on 07.25.13 at 12:11 pm

Correction! Start a privately held company and give me 2% of the shares issued and a seat on the board of directors.

#259 Old Man on 07.25.13 at 12:22 pm

My recommendation in Toronto for a donation is a bit weak at the knees, as the Board and Committee members won’t stack up. A senior V.P. at Scotiabank, a senior partner with Deloitte Touch, and even a Dr. Turner with a long list of others. They even have a committee called Real Estate and Finance; oh well!

#260 Macrath on 07.25.13 at 12:26 pm

#250 sciencemonkey

I checked out their Toronto projects and no detached homes just a low rise apartment block reno on Danforth Rd. I guess they will become condo apartments people can actually afford to pay for.

#261 Jamie on 07.25.13 at 12:34 pm

My vote is for a billboard right near some new condo construction that simply says “These things are a horrible investment” Just Stop 1 person from buying and you’ve done more good then you could ever hope to achieve with $1000.

#262 Butch on 07.25.13 at 12:35 pm

What do you think the odds are that the Toronto detached average will ever fall to 2008 levels again?

With every passing year going ever higher, it looks less and less likely. Maybe in 2017 we will be able to buy for 2013 prices at 6% interest?

#263 Gregor Samsa on 07.25.13 at 12:43 pm

All the charity talk is timely, as I have recently been looking into charity donations.

People should be very careful that they are supporting charities that are transparent and have as low overhead as possible.

You can find information from the government here:
http://www.cra-arc.gc.ca/chrts-gvng/lstngs/menu-eng.html

Or from third parties, such as this list here:
http://www.moneysense.ca/the-2012-charity-100/

For example, someone suggested the “SickKids Foundation” but their CEO rakes in nearly $500,000 a year in salary. Is my donation helping kids or to tile the CEO’s mansion?

Another interesting tidbit is that the government seems to be offering an extra tax credit for “first time donors” this year. By their calculator, my $1000 donation would net a $700 tax credit. Not too shabby.

http://www.cra-arc.gc.ca/chrts-gvng/dnrs/svngs/clmng1b2-eng.html

#264 Mortgage Man on 07.25.13 at 12:45 pm

the fall market will be very telling.
There needs to be a catalyst, for the last two or three Aprils everyone has been predicting a crash but nothing because of no “pin” to pop the bubble.

New rules and interest rates at mid 3s would be at the same level of the latter half of 2010 however with a lower amor rate it should make it more expensive.

#265 Old Man on 07.25.13 at 1:00 pm

This posting is a hoot, and will go down as a classic, but have big news for you all. Mr. Turner will not be making the final decision, as is a married man with a wife, and we all know who makes the important decisions in life, do we not?

#266 Heather Nova on 07.25.13 at 1:07 pm

Donate the money to this organization who wants to put an end to barbaric, cruel leg-hold traps and all the suffering they cause.
http://furbearerdefenders.com/about-us/about-us

A leg-hold trap immobilizes the animal, preventing them from eating, caring for their babies, staying hydrated, fending off predators, and sheltering themselves from the elements. Leg-hold traps are designed to hold a wild animal who does not want to be caught and as such, many animals become so desperate, they resort to chewing or wringing off their own trapped limb in order to escape, breaking teeth and bones in the process.

The animal endures a painful and panic-filled wait until they either die from exhaustion, blood loss, dehydration, hypothermia, or are clubbed, choked or stomped to death by the trapper (so as not to damage the pelt).

#267 Linda Pearson on 07.25.13 at 1:19 pm

I vote for Kids’ Help Line – there’s so very many hurting kids out there.

#268 zeeman1 on 07.25.13 at 1:26 pm

#252 Daystar.

Dude, the same experts your quoting can’t even predict the weather 48 hours from now, give your head a shake.

Also, you might like to know that a warmer arctic has happened many times before, more recently in the Middle Ages.

The warmer northern regions allowed the Norse explorers to colonize Greenland, or Vineland, as it was known then.

Greenland today is covered by a massive ice sheet and isn’t capable of supporting primitive colonization, because the climate changed naturally, and we’re still here and doing fine.

The same Norse were the first Europeans to discover North America because of the warmer climate.

Scientific illiteracy and gullibility abounds, and the funny thing is you guys criticize religious people.

#269 daystar on 07.25.13 at 1:28 pm

#254 Godth on 07.25.13 at 11:42 am

Not to diminish your point any, the Japanese tsunami was for sure a slow motion black swan event with reactor meltdowns being the most serious consequence, but Fukushima is more localized while changing climate related to methane release is global and its impacts, I believe, far more devastating. Check it out:

http://www.guardian.co.uk/environment/earth-insight/2013/jul/24/arctic-ice-free-methane-economy-catastrophe

Again, my own hypothesis is that once the artic is ice free and extends into Aug, July and enters into the 24/7 sunshine months (June and May) in the artic, the release of methane from sea beds and permafrost is likely to become dramatic, dramatic enough to trigger rapid melting of Greenland in the latter half of the 2020’s and into the 2030’s. Should Greenland’s melt be dramatic, several chain reactions from the loss of ice including extreme weather, changing jet streams, major changes to artic oscillation patterns, major oceanic changes and the earth quakes associated with weight displacement particularly associated with Greenland all come into play. This is a huge problem, I believe, the largest risk to our physical environments that support all life on earth.

Perhaps the issue is more mental than anything. Again, it comes down to what we value both individually and collectively. Its like real estate. We can discipline ourselves mentally with investments but real estate is our home and it weighs on us emotionally, including things like intangible self worth and self image. What humans place our value on, where we get our self esteem, self worth as individuals and groups are paramount to understanding the choices that we make individually and collectively and clearly, time and time again, individuals make choices at the cost to the whole of humanity or the systems as a whole. Over and over again, we see this patterned disconnect between what individuals want and what groups and systems need in order to function. The last GFC is a clear example of this disconnect.

On the one hand, we want individual freedoms to live our lives as we please but on the other hand, these freedoms to live and exploit as we individually see fit are leading to the direct cost of humanity and all other life on this planet as whole. With lesser populations human error was diluted with the sheer size of earth’s environments. We don’t have that luxury anymore in the 21st century. Our collective mistakes are magnified by the growing numbers of our human populations and we simply cannot afford to make the same kind of mistakes as we’ve made.

Obviously a huge part of human behavior is psychological… what motivates humans to make the decisions we make, we pretty much know but its not quite mainstream yet. Its like we are playing catch up but we have no time. I guess the point I’m trying to make is, for as little as $1,000 donations are, this blog does have an audience with the financial/media culture (and its fringes).

Make it count. The message, at least in my own opinion, is far more important than the donation so don’t waste the opportunity.

#270 Sean Melvin on 07.25.13 at 1:30 pm

I vote for Ducks Unlimited. Their work helps to counter balance the destruction of wetlands for housing developments.

#271 daystar on 07.25.13 at 1:32 pm

#270 zeeman1 on 07.25.13 at 1:26 pm

You’ve got a great deal of catching up to do and you aren’t alone.

#272 screwed on 07.25.13 at 1:38 pm

American housing “recovery” is stalling.
Builder DR Horton reporting buyers walking away from deals due to recent mortgage rate increases ….

So much for that nonsense. Is happening in Canada too. Banks are tight fisted with loans, rates are creeping up and builders aren’t able to pass the cost on to potential buyers. Either land values to high or rise in cost of materials screwing up the price of a project.

Wire connectors 6 bucks a pair of 2. Wire boxes and plates several bucks a piece. Not even mentioning the higher cost of lumber and boards.

Check mate.

#273 LP on 07.25.13 at 1:47 pm

And maybe before the final decision, you could check out MoneySense magazine’s latest column about which charities devote the bulk of their receipts to non-charitable expenditures. Some of the figures are appalling and, in the instance of the various cancer charities, are why I personally no longer send one red cent to any of them.

Instead, I and my husband send anonymous amounts to those who are on the cancer treadmill, for expenses like parking at hospital, gas to get there, meals eaten away from home by necessity, babysitting etc, etc. Our health system often pays for most of the ‘big’ stuff, but the other expenses can beggar you too.

#274 TakingResponsibility on 07.25.13 at 1:47 pm

Nice Win.

In these times of disinformation and undemocratic political arbitrariness, my vote goes toward the Canadian Civil Liberties Association:
http://ccla.org/

Excellent non profit promoting and educating re: civil liberties and benefits all.

#275 chickenlittle on 07.25.13 at 1:59 pm

#194 Andrew Woburn:

You hit the nail on the head.

I don’t think it is racist to be concerned about the changes you see around you either.

I do not agree with some peoples customs and traditions, and that is OK!!! They don’t agree with some of mine. Some immigrants don’t like some of the other immigrants. Whatever.

Immigration is still a new concept for us humans. Never before in history has there been such a practice ever.
There has been migration but not immigration. Conquering and pillaging, but rarely ever were people able to move freely without fighting someone.

Let’s stop yelling at people and let them speak about their fears without being labeled. It’s really annoying!

#276 Innumeracy Chick no more on 07.25.13 at 2:01 pm

@ Buy Curious #200 LMAO! You are too funny!

Garth $1000.00:
Take your wife to dinner.

Then do something nutty like drop $50.00 from your pocket on a busy sidewalk and see if someone picks it up and returns it to you? If they do let them keep it. It would be interesting to see. OR you could put it all on Black 4 at the roulette table. My lucky number.

#277 Paul Hesse on 07.25.13 at 2:04 pm

Hi Garth,

My vote is to donate the $1,000 to Habitat for Humanity. There are lots of people who still need a good place for their family to live…and are prepared to put in sweat equity to build it.

#278 Entrepreneur on 07.25.13 at 2:10 pm

Our economy is based on real estate…for GDP. This creates a one-path avenue for jobs. This scenario is now on a rocky ledge. I have been taught that entrepreneurs (small business) are the ones that get the economy moving. How about donating to “how” to start a business with just ideas…bronze & brains. This will help everyone in the long run.

#279 Ben on 07.25.13 at 2:19 pm

http://www.chailifelinecanada.org/

Helping kids with cancer.

Cant say no to that.

#280 Julie on 07.25.13 at 2:26 pm

And for all you people who still feel that “global warming is real” (even though its summer and it should be warm):

http://www.sott.net/article/264320-Brazil-snow-in-over-80-cities-roads-and-schools-closed

Bet all those monkeys and jaguars are pissed.

Thanks for the new evidence of climate change. Extreme weather, altered patterns, disruptive events. Prepare for more. — Garth

#281 Squatter on 07.25.13 at 2:30 pm

Poor Garth, he will have to split the grand into 250 different charities…

#282 Danielle Nicholson on 07.25.13 at 2:30 pm

My vote is Canadian Red Cross Disaster Relief, for Alberta or Lac-Mégantic. Both of those places need help.

Otherwise, I second the votes for some charity that helps out sick kids.

Thanks for your blog, it helps me remember how ridiculous real estate is, even when I get the “nesting” feeling.

#283 Ralph Cramdown on 07.25.13 at 2:39 pm

#268 Heather Nova — [leghold traps blah blah blah]

City girl born and bred, right?

If you’re against leghold traps, enumerate specific arguments against them (but maybe not on this blog) — it isn’t hard. If you’re against trapping in general, ditto. But your post was just silly, unless there’s a new kind of trap that allows animals day parole to feed themselves and their young, and provides anti-anxiety meds while they await the return of the trapper

#284 Donald Trump on 07.25.13 at 2:45 pm

#271 daystar on 07.25.13 at 1:28 pm

If you understand Chaos Theory, then you sky is falling rhetoric is nullified.

If anyone looked up in the Lower Mainland sky yesterday,around noon… its was chem-trailed..all the classic signs.

#285 Daisy Mae on 07.25.13 at 2:52 pm

#270 Zeeman1: “Scientific illiteracy and gullibility abounds, and the funny thing is you guys criticize religious people.”

*************

One has nothing to do with the other.

#286 Old Man on 07.25.13 at 3:00 pm

In my sordid life with a windfall of cash my major premise without a tax receipt was to assist a young teen or two whose mother was a single parent. All the rich kids were going to New York City as young stage actors for a week to see some plays, but not them, so an angel had to step in with some big bucks to send a few.

I took the position that the experience alone would fuel a young person to greatness in life with renewed vision that they can indeed do it all to transcend the world of poverty, and look at options in life; to fuel them up with fire to move forward into a career. A couple of them are big stars today, and they will ever know who the angel was that made it happen for them.

#287 Jimbo on 07.25.13 at 3:12 pm

My vote goes to something that will put a smile on the faces at Sick Kids.

#288 rosie "moving forward" on 07.25.13 at 3:53 pm

Wait a bit longer and pick up a shiny ounce of gold.

#289 Godth on 07.25.13 at 3:55 pm

Thanks for the new evidence of climate change. Extreme weather, altered patterns, disruptive events. Prepare for more. — Garth

In other news, civilisation started in the M.E. (the Arratta Kingdom?, Gobekli Tepe?) and they created a desert.
Let’s hope the economy grows, and grows and grows.
Planned obsolescence, consumerism, should ensure that we digest the useless, infinite, natural capital and turn it into value added products. An ever expanding cornucopia without consequence.

#290 AmicusC on 07.25.13 at 4:02 pm

@#239

you state your rent before utilities was $1700 and you purchased your home in 2011. Please explain how you arrived at $80,000 was not “in the landlords pocket.” at best we can say you moved into your property January 1, 2011 meaning 12 months of rent saved 2011 and 12 months saved 2012 and 7 months saved in 2013. thats 31 months @ 1700 = $52,700.

#291 KG on 07.25.13 at 4:02 pm

Charity begins at home.
I thought we are family.

#292 CalgaryFloodBoom on 07.25.13 at 4:03 pm

#239 CalagaryRipOff

Can’t quite figure out your angle.

So you have to be drunk and/or stoned and insane to buy real estate in Calgary? And if you fall into any of these categories than you must “Strike like Lightning”, while knowing full well that Calgary real Estate is a COMPLETE rip-off?(to paraphrase)

I think I will stick to renting for the time being until we all get back on our meds.

#293 Heather Nova on 07.25.13 at 4:12 pm

285 Ralph Cramphead

Grew up on a farm. You are one cruel dude.

#294 jess on 07.25.13 at 4:16 pm

dodgy known knowns

http://consortiumnews.com/2013/07/25/uk-spy-warns-of-iraq-war-disclosures/
https://en.wikipedia.org/wiki/Iraq_Dossier

http://www.dailymail.co.uk/news/article-2372119/Ex-MI6-boss-makes-sensational-threat-reveal-secrets-Iraq-dodgy-dossier.html

http://www.telegraph.co.uk/news/worldnews/middleeast/iraq/10086837/The-whiff-of-suspicion-over-the-Chilcot-Inquiry-grows-stronger.html

#295 Old Man on 07.25.13 at 4:22 pm

I see all these donations that one wants to make with $1,000 for this and that which is a drop in the bucket, but it is imperative to focus with a target. What is important in life, but a direct approach; some say it is dogs; a food bank; or some charity that will down it with administrative costs, whereby, you donation will end up amounting to 10 cents on the given dollar.

There are options for a direct approach that you can be personally involved with to see where you donation is going, and how about taking young homeless kids off the street? Do you want to see young boys and girls going into sin; being killed; being raped; freaking out on drugs; or selling their bodies for survival on the street? In Toronto alone there are thousands that need help.

I say place your dollars with wisdom, and save a young persons life on the street, as one day they may become something in life to save the world, as the youth need to be supported with compassion and a bit of help in their time of need to change a mess into a new direction in life with compassion and a bit of love.

#296 Blacksheep on 07.25.13 at 4:30 pm

Daystar, Garth,

I 100% agree, climate change is happening all around us.

It changed before man was here and will continue to change, long after we are gone. Years ago, some devious prick realized they could appeal to the extreme arrogance of mankind and convince them via guilt and manipulated research of their personal debt to the planet.

Make the Cattle worry and they will pay.

#297 bigrider on 07.25.13 at 4:35 pm

Garth, if you’re so worried about global warming , assuming you are convinced it is man-made( I think it is warming but not entirely convinced it is man made) then keep you butt out of these airplanes you use flying back and forth in, giving seminars ,surrender your Hummer and motorcycle sans catalytic converters and put those cowboy boots of yours to good use !

Buy a horse !!

#298 Spiltbongwater on 07.25.13 at 4:52 pm

Someone said give the money to a homeless shelter?

When I see homeless people I give them a look like I am better than them, because I am.

#299 harboursnug on 07.25.13 at 5:00 pm

#290 happy renter on 07.25.13 at 3:46 pm
Canadian house prices have been rising because we make higher wages than other countries.End of story.

…………………………………………………………………

What rock did you crawl out from under?

#300 Other DaveCalgary on 07.25.13 at 5:33 pm

DaveCalgary:

Killarney is in the SW, your work is in the NE. Hiking north on Crowchild Trail and going East will take longer than 20 mins, especially if your workplace is East of Deerfoot Trail…

Take the route during rush hour and you will see what I mean…

#301 2CentsCdn on 07.25.13 at 5:40 pm

Over 300 posts in less than a day …….. Just as I expected …… most people have many more idea’s how to spend or give money away than idea’s how make or retain it. Interesting.

#302 Deb L on 07.25.13 at 6:04 pm

So many good ideas. I suggested food bank, but also like the idea of giving to the communities of Lac-Mégantic or High River. However, my favourite idea was you running for government again. You weren’t the party I voted for, but I loved hearing what you had to say.

#303 Drac on 07.25.13 at 6:36 pm

I suggest spending the money on the betterment or welfare of people. Habitat for Humanity is a worthy “hand up” not “hand out” charity. A charity for sick kids would also be a good place to donate to.

#304 Give him a grain of Rice on 07.25.13 at 7:03 pm

‘ The king was retiring and had three sons. He gave each a few grains of rice and went on a sabbatical, telling them to impress him with the rice when he got back. The first put the rice in a glass case and impressed his father by keeping his rice safe in a beautiful case (showing respect for the gift), the second gave the rice to the homeless (showing his compassion), the third plated the rice and when his father returned has a whole field of rice to return to his father. Guess who was the next king?

GT – “Build a balanced, diversified portfolio?”
Yes please!

You want a good cause and obviously believe in educating Canadians (and all the other Dawgs), what better way then to show us how to invest $1000?
My life savings started when I was given $1000 inheritence. I said that day, “this is the smallest my account will ever be.” I would have loved to have a mentor like you at that time.
Either that or give it to the kids.
Thanks for all your advice and humor.

#305 Just Jack on 07.25.13 at 7:07 pm

Random act of kindness, Tim Horton’s coffee for everyone.

#306 Daisy Mae on 07.25.13 at 7:12 pm

#298 Old Man: “I say place your dollars with wisdom, and save a young persons life on the street, as one day they may become something in life to save the world, as the youth need to be supported with compassion and a bit of help in their time of need to change a mess into a new direction in life with compassion and a bit of love.”

************************

Don’t we have numerous government programs geared to helping these kids?

#307 Old Man on 07.25.13 at 8:32 pm

#309 Daisy Mae – the answer is NO.

#308 Sheila on 07.25.13 at 8:33 pm

Please consider buying baby formula and donating it to the food bank.
Thanks, Garth; you rock!

#309 WhiteKat on 07.25.13 at 9:56 pm

I love all animals, and plants, and even people – although people are not as nice. My husband thinks I am nuts because I felt sorry for a tree on our awesome rented property in the woods where the previous owner had wrapped a chain around two trees to prevent people from driving through part of the property. One of the trees still had the chain around it partially embedded into the wood. I asked my husband to try to remove the chain which he did though grumbled the whole time. I guess he loves me.

Cats have always fascinated me since I rescued my first stray when I was 8 years old. Several strays later, I share my home with 3 neutered male cats, two sleek black ones chosen by my daughter as birthday presents(not strays), and 1 orange tabby who showed up at our door starving and crying. He is now fat and lazy, and happy – we are working on the fat part.

Cats always seem to know we are a cat family. Strays hang out in our backyard from time to time, looking longingly through the screened-in back porch at our happy cats. I have literally had to tell a couple whilst looking then straight in the eyes that I wished I could help them but I have too many cats . A couple I captured and brought to the SPCA, but I am not sure whether I did them a favour or not since there are so many unwanted cats, and many are put down.

Recently, I have been thinking about adding a dog to the mix. A few days ago, I was browsing the Ottawa SPCA to see what dogs were available for adoption. To my surprise there were only 3 dogs available versus innumerable cats. I felt guilty about pursing adopting a dog when there are so many homeless cats, and decided that if fate brought me a dog – as it has brought me several cats – then I would have one, but not otherwise.

Well, today fate brought another black cat – not a dog, into my life. It looks skinny and is likely a stray. For most of the day it sat under my kid’s trampoline watching the activity of our home. At one point it came up to our screened-in deck and mewed pitifully at one of our black cats who as usual was lazily lounging in the sun. He wasn’t impressed and hissed loudly at the intruder who ran into the woods behind our house. I could hear him crying loudly in the distance.

Although my husband would not approve, I put a bowl of food and water under the trampoline in case he/she comes back later. I am such a sucker.

Oh yeah, and I vote for donating the 1000 bucks to a no-kill cat shelter. Dogs are awesome, but they are much luckier than cats. Cats need the donation more.

#310 T.C. on 07.25.13 at 10:24 pm

Here’s a couple you might want to consider:

1) http://www.censorbugbear.org/africa/south-africa/a-champion-living-in-a-south-african-squatter-camp

2) http://www.youtube.com/watch?v=h6nImHbAOmk&feature=player_embedded

#311 Margaret on 07.26.13 at 12:09 am

Animal shelter

#312 B. Swift on 07.26.13 at 2:08 pm

I vote Sleeping Children Around the World – If it has no administration costs and was initiated by Ken Dryden’s parents it is truly a Canadian gem.

Also, it fits in with the Blog’s shelter (real estate) focus.

Would it be possible for you to set up a donation site where the blog dogs could each donate $10.00 to celebrate their victory?