Shhhhhh

Steve’s a baby realtor. Hey, it’s hard enough living on commish in a market nobody actually understands. So why is the industry actually making it harder?

“So Garth,” he says, sarcasm building, “thought you might like this little nugget of transparency from my local real estate board, TREB.  Just saw this on the newswire.  Very happy as a new realtor to have such easy access to valuable market data…certainly nothing to do with catastrophic sales figures…”

Here’s the news – on a Monday when 45,000 local agents always used to get a snapshot of how the market was doing, so they could properly guide their clients. No more. Shhhhh. It’s a secret.

As you know, days ago financial analyst Shafquat Arefeen was spanked by realtor lawyers for using MLS data to create a visual of delusional Toronto real estate on his site. Fearing a law suit, he folded. Shaf was the latest citizen to be bullied and silenced. Meanwhile GTA realtors continue to fight the federal government over making its data publicly accessible (the way Viewpoint does down east). Ottawa says it is anti-competitive and not in the public interest. And now, because they might be “susceptible to volatility” the local cartel has punted mid-month stats, robbing agents and buyers of one more tool to ascertain market trends.

Meanwhile the results of keeping consumers ignorant and house horny continue to pile up. Last week it was StatsCan showing we’d achieved new levels of household debt. Then the payroll dudes showed up to report half of us live paycheque-to-paycheque, thanks to insane debt service costs. Now the Bank of International Settlements (BIS) has a new warning – that along with China and Hong Kong we’re at risk of a financial crisis, thanks to real estate. Great. Just great.

The amount of credit relative to the economy is indicating “stress on the banking system, which can lead to a financial crisis” thanks to “property price ratios above critical threshholds.” And as all this bleating goes on, we stare at higher interest rates. The US Fed won’t move this week, but economists figure there are three more increases coming in the next year, with rates peaking in 2019. As we now know, our central bank has turned hawkish and it’s expected a full 2% will be added to its current rate – tripling it within two years.

And did I ever mention the universal 2% mortgage stress test coming this autumn? Or the slaughter of two million small business owners planned by T2 and Wild Bill?

Well, there is a role for realtors to play these days, and it’s not to shield citizens (or agents) from information. Real estate is not only the largest outlay most people ever make, but also the most emotional. Scores of buyers overbid in late 2016 and early 2017 because the industry breathlessly report romping price gains and suggested they’d continue. Now it is silent on an epidemic of failed deals, tens of thousands of price reductions, a collapse in offers and the rapidly changing sales mix. Fearing the truth will propel things further into the dust, industry leaders maintain a fiction. Makes you wonder how many poor moisters will get stuck on the web of deceit.

Maybe Steve should go into something more secure. Like Audi repos.

$      $      $

Before the following is posted on the usual employment and financial sites, you can let me know if you’re interested.

We’re looking for an ace assistant. The work is detail-oriented with careful attention required to documentation, client service and regulatory processes. You need a heart as well as a brain, since we often deal with the life savings of people who look to us for care and support. This is one of the top-ranked financial practices in North America, so there’s ample opportunity as well as responsibility. The position is entry-level, but essential. Best suited to someone with ambition, financial literacy and formal training or experience in the money business. Turner Investments is part of Raymond James, the country’s largest independent financial institution. Full-time position, in the heart of Toronto’s financial district. Extra points if you like dogs.

Send me your stuff: [email protected]

157 comments ↓

#1 Ian on 09.18.17 at 7:05 pm

I have a theory to run by you dogs.

I’ve been mentioning the politicised interest rate cycle in the US: Republican Trump wins, and Democrat Fed leader immediately starts cranking up rates.

What if the same thing is happening here?

Many on here including I have been wondering why Poloz took so long to raise rates. If you REALLY wanted to screw up the Liberals, how would you play it?

You’d wait until halfway through the election cycle (2017 / now), then raise rates so that people would be at the depths of despair by the election in 2019. And guess what is happening.

Poloz was appointed by Flaherty. This article from the time shows the Blues liked him:

https://beta.theglobeandmail.com/report-on-business/economy/central-banks-new-governor-brings-export-expertise/article11682339/?ref=https://www.theglobeandmail.com&

Anyway that’s my contemplation du jour.

#2 Danny on 09.18.17 at 7:05 pm

Just sent the Ontario Premier asking for more transparency and regulations on statistics on house sales.
Would help if more join in.
It surely won’t hurt.
Maybe we could get a 3rd party agency to oversee the real estate market….similar to 3rd party agency that oversees car dealerships.
If provinces beat the bushes…maybe then the Federal Government may follow
We all know consumers of the biggest purchase and longest payback commitment needs it.

#3 Screwed Canadian Millenial on 09.18.17 at 7:06 pm

I recommend Smoking Man for the position.

Kudos to Garth for being better than Tim Hortons, RBC, many others & actually hiring a Canadian (I hope).

#4 Alex on 09.18.17 at 7:07 pm

PETITION TO THE MINISTER OF FINANCE

https://goo.gl/d4FEBA

#5 Linda on 09.18.17 at 7:08 pm

If the realtors in the GTA are represented by TREB & the federal government is requiring them to make their data transparent, why isn’t the government (& the courts?) smacking them firmly for continuing to obfuscate their data? Or would the discontinuation of mid-month/weekly stats be considered a business decision that isn’t trying to keep the lid on what is actually is going on?

#6 Michael King on 09.18.17 at 7:09 pm

Stating the obvious, TREB’s behaviour is absolutely beyond belief, sleazy, disgusting, you name it. The board of directors should be flirting with jail time. My jaw is still on the floor.

#7 Lost....but not leased on 09.18.17 at 7:11 pm

Snooze U loose

#8 Teed on 09.18.17 at 7:12 pm

I’m almost speechless. There are barely words to satisfactorily describe what a bunch of deceitful, conniving, self interested bunch of filthy swine that TREB have proven themselves to be.

When prices were rising and transaction volumes hitting records, they gloated like masters of the universe. They pointed to “average home prices” when it suited them, and then tried to turn our attentions to the utterly useless Teranet HPI when it didn’t.

After years of lining their pockets in a job that likely has the highest ratio of income per unit / effort anywhere in the world, you’d think they’d be able to stand tall in the face of a reversal of fortunes. Who knew they would stoop so low.

What a bunch of disgusting cowards. I hope that this portends the beginning of a long and painful slump. Though they may yet land on their feet – I hear that Columbia’s national statistics agency has vacancies.

Pigs.

#9 Danny on 09.18.17 at 7:15 pm

Just sent email to the Ontario Premier asking for more transparency and regulations on statistics on house sales.
Would help if more join in.
It surely won’t hurt.
Maybe we could get a 3rd party agency to oversee the real estate market….similar to 3rd party agency that oversees car dealerships.
If provinces beat the bushes…maybe then the Federal Government may follow
We all know consumers of the biggest purchase and longest payback commitment needs it.

#10 First on 09.18.17 at 7:15 pm

Second

#11 Nomen Nescio on 09.18.17 at 7:17 pm

You might enjoy this:
http://www.creblink.com/crebtalk/Statistics/

#12 Nick on 09.18.17 at 7:17 pm

No more mid month internal stats? What a racket. It’s even more sad because they don’t even want their own agents aware of the market… they want the agents ignorant…. now all they will know is what they are fed at the end of each month, just like we are. Now it’s confirmed, literally all realtors are, are people with MLS access.

#13 FOUR FINGERS WATSON on 09.18.17 at 7:19 pm

I nominate Smoking Man. You should grab him while he is still unemployed. You snooze, you lose.

#14 Raging Ranter on 09.18.17 at 7:20 pm

No mention of cat lovers. You’re narrowing the field too much. Hiss!

#15 Joe Schmoe on 09.18.17 at 7:23 pm

Can I telecommute from cowtown? Trust me, it’s better for your reputation that way. Nothing but Iron Maiden and tuxedo tshirts in the closet.

I will pay my own office costs. I also spend most my free time looking at funny pics so will contribute to the blog.

I am an engineer so trained to accept the mundane.

#16 Willy H on 09.18.17 at 7:25 pm

“We’re looking for an ace assistant. The work is detail-oriented with careful attention required to documentation, client service and regulatory processes. You need a heart as well as a brain, ….. Best suited to someone with ambition, financial literacy and formal training or experience in the money business….. Extra points if you like dogs.
___ ___ ___ ___

This job posting has Smoking Man written all over it!

The search if over Garth!

#17 prairie person on 09.18.17 at 7:25 pm

Re your ad. Wish I were younger. All that Money and Banking, International Trade, Theory of Business, Labour Relations taught by a top tax expert economist. There are jobs and then there are careers. This sounds like a career. May you hire well and may the person you hire be hired well. Those of us on the retired side of life can only watch and wish you and him/her luck.

#18 flash crash on 09.18.17 at 7:26 pm

To the blog dogs gloating about the BTC crash last week:

….Aaaaand it’s back at cad$5k.

(Just as I predicted a few days back.)

So, did you get in at a juicy discount?

#19 dakkie on 09.18.17 at 7:27 pm

Vancouver Bankruptcies Are SOARING As Interest Rates Are Hiked!
http://investmentwatchblog.com/vancouver-bankruptcies-are-soaring-as-interest-rates-are-hiked/

#20 fredgraves on 09.18.17 at 7:27 pm

I’ll keep quiet (sshh) if you will

#21 HanMan3000 on 09.18.17 at 7:28 pm

As an employee or a customer, it’s difficult to feel good about a business that lacks transparency. Transparency is needed to provide high-quality, trusted information – a must have in this day and age. Some organizations have learned this, and others have not.

#22 CT on 09.18.17 at 7:28 pm

Hi Garth, Just wondering what a balanced portfolio should return year to date so far net of fees. Thank you if you could provide some sort of update.

#23 Capt. Serious on 09.18.17 at 7:32 pm

Vaguely related to the job posting (jobs4blogdawgs.com): how does one ensure that the financial advisory one selects will maintain a client first culture for decades? This is not an insignificant consideration when one has a horizon of over 40 years. The long run is, like, really long. Mortality being a reality for even the fittest financial advisor, how does one ensure the next to bat will be equally adept?

#24 OttawaMike on 09.18.17 at 7:37 pm

Why is it that the 2 largest purchases the average citizen transacts in–cars and houses, is surrounded with charlatans and fast talkers?

How did we get here?

#25 The Lesser Fool on 09.18.17 at 7:51 pm

@ Capt. Serious

Just like the one you like, you interview them. Don’t like them, move the money.

#26 Ian on 09.18.17 at 7:53 pm

All you guys voting for Smoking Man for assistant, is no one going to nominate Happy Housing?!

Just think, he could put ‘HHCE’ in his business email signature, on his voicemail greeting…trademark a Shysters logo…Garth’s business would triple!

#27 Cici on 09.18.17 at 7:53 pm

First for furst!
Or maybe not.
So you’re looking for an assistant? Hope Dorothy didn’t steal your Harley and ride off into the sunset!

#28 For those about to flop... on 09.18.17 at 7:55 pm

So what I’m reading is you want me to move to Toronto and in my spare time do Pink Snow reports for the GTA.

Do I have to clean up after Bandit…

M43ON?

#29 AGuyInVancouver on 09.18.17 at 7:56 pm

“the slaughter of two million small business owners”

Just curious, is that based on two million small business owners total in Canada, or two million small business owners who are abusing the system by sprinkling income and dividends to family members who don’t actually do any work for it?

#30 Debtslavecreator on 09.18.17 at 7:57 pm

The Shady RE industry does it again. Yes this is wrong but those who chose to gamble and buy or refi in the last 3-4 years deserve what’s coming their way
No sympathy – sorry
People were reckless out of choice because they wanted to speculate on a tax free capital gain
People need to take responsibility for their own poor choices regardless of the scum all of us have to deal with in this industry

#31 You Set The Bar High on 09.18.17 at 8:01 pm

“You need a heart as well as a brain … experience in the money business

You certainly set a high bar!

#32 crowdedelevatorfartz on 09.18.17 at 8:02 pm

@#1 Ian.

Not a bad theory at all.
I’ve always thought that govts., low in the polls and facing looming elections wouldnt feel bad about passing binding legislation OR appointing a set term official that they knew would “stick it” to the incoming govt.
Any thoughts Garth?

#33 tedfiftyfour on 09.18.17 at 8:04 pm

To be clear. Removing the mid month house sales report does not remove access to the day to day data from Realtors. Any Realtor especially a NEW Realtor should know this and can access sales round the clock on all sales from anywhere and should be capable of making their own spread sheet report. TREB is not a Brokerage and for that reason does not know what sales are abandoned or completed. That information belongs to the various Brokerages and is confidential to those buyers and sellers who’s financial details are kept private as blog dogs would want their details kept private by their Brokerage. The national Price index produced by Teranet is independent to TREB and completely independent sources of data. Gartho knows this already but uses it to bait the dogs here into a frenzy of entitlement. Blah Blah Blah.

#34 crowdedelevatorfartz on 09.18.17 at 8:05 pm

As for TREB “shushing” the mid Sept Stats…….

Just another nail in their credbility coffin.

Happy Housing Crash Everyone !

#35 Stone on 09.18.17 at 8:06 pm

#22 CT on 09.18.17 at 7:28 pm
Hi Garth, Just wondering what a balanced portfolio should return year to date so far net of fees. Thank you if you could provide some sort of update.

————–

Garth will probably laugh. Mine is currently sitting at a lowly 4.52% with all distributions. I’m happy anyways though. Beats the returns that the real estate specuvestors are making on their investments. Another batch of my ETFs will go ex dividend in a couple of days. Hmmm…lovely dividends. They make me all warm and fuzzy.

How’s everybody else doing on their portfolios? Just curious.

#36 Emma Zaun - Greater Fool Unpaid Intern #007 on 09.18.17 at 8:09 pm

Oh, a new paid job offering? How quaint.

And what are we Amazons, Garth? Just a bunch of TFWs that you get to exploit for nothing while you get others to take what should be our paid employment?

Major grievance coming, you douchebag!

Emma Zaun
Chief Steward
CUPE
(Canadian Union of Peelers and Exhibitionists)

#37 crowdedelevatorfartz on 09.18.17 at 8:09 pm

@#28 Flopster

Damn! You beat me to the nomination!
We’ll miss you Floppy but we know the siren song of salt waves lapping on Kits beach will draw you back to Van like an Aussie on pilgrimmage to Gallipolli.

#38 Jungle on 09.18.17 at 8:09 pm

If I apply for the job, can I tell clients they don’t need preferred shares?

#39 Tony on 09.18.17 at 8:09 pm

C’mon real-estate racketeers just pay pit bull and Anthony Robbins to do another round of “why we should invest in a forever going up real estate seminar”, unfortunately there are way too many fools still getting suckered into real estate … (wish I had bank of mom and dad)

#40 Trojan House on 09.18.17 at 8:16 pm

Screwed Canadian Millenial

Have you seen this study?

https://evans.uw.edu/sites/default/files/NBER%20Working%20Paper.pdf

I’m not making any judgements one way or another. Just one study among a few but it says that low wage workers have lost $125 per month per job, or a 6% decrease.

#41 Deplorable applicants on 09.18.17 at 8:23 pm

A job for an unemployed drunken toothless alien. Expertise in offshoring forex $$. He will need puppy therapy though if there are any trannies or lesbians in the office.

#42 Jay on 09.18.17 at 8:29 pm

#29 AGuyInVancouver
Just curious,, since when do you need to “work” in a business to be a shareholder and receive dividends?
Don’t confuse business owners paying fictitious salaries to family members with income distribution as dividends to shareholders.

#43 Rainclouds on 09.18.17 at 8:30 pm

Almost cute in its patheticness. While the world becomes more linked and access to information is infinite and at the click of a mouse , On the other side we have TREB who apparently is run by the flat earth society.

Presumably the house sales people who are members of TREB could (if they wanted to) demand change. It’s their money funding the charade. After the SEVERAL YEARS of obfuscation with TREB delaying the inevitable with idiotic and embarrassing tactics/arguments you would think even the thickest house sales person would question where their fees go.

Those members that are reading the tea leaves would be well advised to understand the anger that will rain upon their organization as the collapse takes hold and underwater homeowners rage on politicians who will be actively looking for a scapegoat…..

I bet ALL Ontario house sales persons who purchased properties in the US happily used Zillow .

Unethical Hypocrites is too kind

#44 Doghouse Dweller on 09.18.17 at 8:31 pm

BIS finds hidden $14 trillion credit bubble and Canada wins bronze in the global debt trap danger zone.

“Send me your stuff: [email protected].” Something tells me you are going to need a bigger e-mail box. (unemployment rate fell to 6.3 % they say)

#45 Ronaldo on 09.18.17 at 8:36 pm

#24 Ottawa Mike

”Why is it that the 2 largest purchases the average citizen transacts in–cars and houses, is surrounded with charlatans and fast talkers?”
——————————————————————
Good question. And the thing that is the strangest about these people is that they require little education to do it and pretty much all they need is the gift of the gab. I can’t imagine what the lawyers must think when they have to do up the papers on these deals and see what they are getting paid in comparison to the lawyers fees who basically do most of the work. Disgusting really.

#46 Happy Housing Crash Everyone! on 09.18.17 at 8:39 pm

#2 Danny on 09.18.17 at 7:05 pm
Just sent the Ontario Premier asking for more transparency and regulations on statistics on house sales.
Would help if more join in.
It surely won’t hurt.
Maybe we could get a 3rd party agency to oversee the real estate market….similar to 3rd party agency that oversees car dealerships.
If provinces beat the bushes…maybe then the Federal Government may follow
We all know consumers of the biggest purchase and longest payback commitment needs it.

________________________

I have already done so a few days ago but thanks for joining.

#47 Mrs. Fool on 09.18.17 at 8:40 pm

If you had office in Ottawa, I would be FIRST in applying for that position Garth. I lack formal training but I’m sure I would excel in no time. Unfortunately I don’t like Toronto, it’s a soulless place, far from being the centre of the universe.
Have you thought of coming back to Ottawa?

F33QC

#48 Lead Paint on 09.18.17 at 8:40 pm

Re: job ad, you forgot to mention that Doug and Ryan give back rubs. That’s why you hired them , right ?

What about Screwy Canadian Millennial ? As an added bonus he will give your clients money away for free to those he feels deserve it more than those that actually earned it. Just like his heros the Trust Twins.

#49 mike from mtl on 09.18.17 at 8:42 pm

#35 Stone on 09.18.17 at 8:06 pm

How’s everybody else doing on their portfolios? Just curious.

////////////////////////////////////////////////////

12-month trailing 5.x, ytd 3. something. Probably another 1% including divies would have log in.

was near 10% until poloz 180, I know this is temporary so loading up.

#50 Screwed Canadian Millenial on 09.18.17 at 8:53 pm

Yes I’ve seen and read that embarrassing “study”. When you say “many studies”, rest assured that’s the only “study” but considering how hard the corporate media pimped that one “study”, I don’t blame you for thinking there were others. It was all based on that one trash study. I’ll explain.

So here’s what happened. This story came out.

Seattle’s high minimum wage hasn’t cost jobs, study finds
http://www.king5.com/news/local/seattles-high-minimum-wage-hasnt-cost-jobs-study-finds/450850532

I’ve given you guys the actual Seattle employment data which shows booming employment. https://fred.stlouisfed.org/series/SEAT653NA

The workers absolutely love their min wage increase.

UW minimum-wage study doesn’t reflect reality of work in Seattle
http://www.seattletimes.com/opinion/uw-minimum-wage-study-doesnt-reflect-reality-of-work-in-seattle/

Seattle is booming and there were no job losses like all the corporate shills promised. So they panicked and had to come up with some new bs to feed their useful idiot army of conservatives who always serve their corporate masters and billionaire globalists (as Smoking Man would put it), no questions asked.

So this “study” looked at a few small mom and pop shops, found that a few workers lost a few hours, and claimed that the whole Seattle min wage hike was a disaster. I kid you not. The most interesting part to me was how hard the corporate media and so many outlets all pimped this trash.

I can give you a bunch of material that challenged how flawed this “study” was but here’s quick snapshot.

https://imgur.com/AqTPHRD

The Seattle Minimum Wage Study Is Utter B.S.
http://fortune.com/2017/06/27/seattle-minimum-wage-study-results-impact-15-dollar-uw/

Heated local economy has employers working hard to fill jobs
http://www.seattletimes.com/business/retail/heated-local-economy-has-employers-working-hard-to-fill-jobs/

Let’s be honest. That last one, that’s what conservatives and corporate shills really hate the most. A tight labour market. That’s what Seattle has. 3% unemployment, booming employment and wages, that gives workers the power. That means companies have to compete for American labor. They hate that. That’s also something Canadians are not very familiar with in this part time temp nation.

Vast majority of Seattle jobs are full time. https://imgur.com/FzSg7RM

Like I said, in my experience, nothing triggers conservatives more than rising wages for hard working men and women.

#51 Screwed Canadian Millenial on 09.18.17 at 8:55 pm

#46 that’s for #40 Trojan Horse.

I’m not making any judgements one way or another. Just one study among a few but it says that low wage workers have lost $125 per month per job, or a 6% decrease.

—————

Funny how workers aren’t complaining. Just corporate shills. Really makes you think.

That study has been debunked. I’m surprised people are even pimping it anymore. It’s embarrassing to try to claim that 3% unemployment and soaring employment and wages are bad things now. But that’s how desperate corporate servants have become these days..

Not saying you, just saying that it’s hilarious to me how everyone just ignores all the economic data and pimps out the same debunked flawed study. It’s amazing to me.

#52 Screwed Canadian Millenial on 09.18.17 at 9:01 pm

A more detailed and thoughtful critique of that garbage “study” if you’re interested.

The “high road” Seattle labor market and the effects of the minimum wage increase
Data limitations and methodological problems bias new analysis of Seattle’s minimum wage increase
http://www.epi.org/publication/the-high-road-seattle-labor-market-and-the-effects-of-the-minimum-wage-increase-data-limitations-and-methodological-problems-bias-new-analysis-of-seattles-minimum-wage-incr/

My favorite part.

“The study excludes all multi-location firms, or nearly 40 percent of employment”

But there are many other flaws. It’s a great read.

And again, here is a chart of Seattle employment. https://fred.stlouisfed.org/series/SEAT653NA

#53 J man on 09.18.17 at 9:01 pm

I agree with most of what this blog says regarding the RE bubble. But what other business is required to publish the kind of detail that is being demanded here? What company has to supply wholesale and sales numbers so consumers can do a detailed analysis of their business? Buyers set the market and if the prices are too high it is their fault and their fault alone. Well along with the facilitator banks and CMHC sheltering banks from proper risk.

What owner would ask less and what representing sales person would and should (at the best interest of their client) ask less than the current market is willing to fork out? What business doesn’t pump their product shamelessly? In any other business its suppose to the consumer that cuts through that sales rhetoric. And what seller starts out with a lowball price? Any current non-RE owner here would do the same if they were in the same position of owning in a hot market. You telling me you’d sell a house for 100,200 maybe 500k less than the max you can get just for the altruism? Just because you feel bad for asking for more? LOL Yeah right!!!

#54 Ronaldo on 09.18.17 at 9:01 pm

After watching this clip I’m thinking that being a realtor may not be so bad after all. Couldn’t stop laughing.

https://www.youtube.com/watch?v=e8l9qhfO6J4

#55 Mark on 09.18.17 at 9:02 pm

“Just curious,, since when do you need to “work” in a business to be a shareholder and receive dividends?”

A lawyer friend of mine pointed out that the Law Society of Alberta prohibits professional law corporations from having non-lawyer shareholders, and hence, tax strategies of such nature have been unavailable to Alberta lawyers.

There are some partial work-arounds, but in the strictest sense, there’s your example.

#56 Paul on 09.18.17 at 9:04 pm

#45 Ronaldo
Just who do think the Lawyers buy lunch for to send them all those crappy deals. Lol

#57 D C on 09.18.17 at 9:10 pm

My CCP assertiv-ish portfolio is +3.6% YTD. +11% last year IIRC.

#58 crdt on 09.18.17 at 9:14 pm

Looks like TREB is having a hard time dancing around their lies. Since they’ve sold their clients down the river; literally to the banks and their own malicious malignant greed, they will have to double down every time from now on with ever more “reasons” to delay the day of reckoning. Shout out to HAPPY HOUSING CRASH EVERYONE!

#59 nick on 09.18.17 at 9:15 pm

#33 tedfiftyfour on 09.18.17 at 8:04 pm

To be clear. Removing the mid month house sales report does not remove access to the day to day data from Realtors. Any Realtor especially a NEW Realtor should know this and can access sales round the clock on all sales from anywhere and should be capable of making their own spread sheet report. TREB is not a Brokerage and for that reason does not know what sales are abandoned or completed. That information belongs to the various Brokerages and is confidential to those buyers and sellers who’s financial details are kept private as blog dogs would want their details kept private by their Brokerage. The national Price index produced by Teranet is independent to TREB and completely independent sources of data. Gartho knows this already but uses it to bait the dogs here into a frenzy of entitlement. Blah Blah Blah.

___________________________________________

You’re missing the point. The TREB data consolidated all transactions across various regions. It gave you a clear snapshot of what is happening and where.

Sure realtors have access to MLS and each individual transaction, but for someone to recreate what TREB would normally do would take an exorbitant amount of time. They could do it for an area, sure, but then someone could just say “well what about other areas? How do you know its market wide?”. That being said, im sure some will put it together, but its difficult to validate/cross check the work, since its ‘unofficial’.

#60 Smoking Man on 09.18.17 at 9:19 pm

Last night in New Orleans. Wondering where to go next then this song hits the speakers in the casino.

https://youtu.be/r5HriFybF3E

Rambling has two meanings.

Nashville it is. Not power drinking like last night.

Thanks for the endorsements blog dogs for wanting me to be a bitch at Turner Investments. I’m going to submit my resume.I need a purpose. Resume It’s real good. But I’ve been a bad boy. Pissed off a shit load of anual Davos travelers. They get so mad when you’re vision sees through the smoke screen they create.

No one else wants me. I’m on major secret shit list of some kind. I’m not kidding I have live post on periscope go mute when I get in to the good shit I discover at every empty bottle of JD I consume.

Oh not Ambitious. Sorry garth that’s never worked for me before. But I’m a kick ass walking brain. And if you had any kind of a nrain you will send my resume into the trash bin.

I’m a wanted man. Not in a good way.

#61 will on 09.18.17 at 9:21 pm

Re: the job

Do you offer company housing?

Just tummy rubs. — Garth

#62 action on 09.18.17 at 9:30 pm

time to get something done..

see the petition at
https://www.change.org/p/government-of-canada-real-estate-is-for-consumers-not-realtors-yes-to-transparency-openness-and-more-choice

thanks

#63 Woody on 09.18.17 at 9:33 pm

What a sleezy bunch of cowards. I am pretty sure they will reinstate mid-month stats the moment market turns north – stating “strong demand” from public and TREB members as a reason. Disgusting

#64 Doghouse Dweller on 09.18.17 at 9:46 pm

#98 BillyBob on 09.17.17 at 11:21 am

I have to question the source of your data, given that there is no country called Czechoslovakia and it hasn’t existed since 1993…
================================================
Czechia was (july/17) 0.05 now 0.250 %
Slovakia 0.00 %
Looks like Czechia is booming.
I read this guys Finance Blog a lot and his books and entertaining videos.
But it`s all French (France with thick accent)
Pierre Jovanovic
His latest book the History of John Law (the original printing press ponzi)

I`ll e-mail him and point that out, I`ve been wanting to, now I have an excuse.

#65 Smoking Man on 09.18.17 at 9:47 pm

From yesterday.

140 T on 09.18.17 at 3:26 pm
#113 Smoking Man on 09.18.17 at 10:26 am
It’s bad enough that globalists are trying to turn 4 year old boys into girls via educational industrial complex. In Ontario if you bitch about it. They take your kid away. They want to take it a step further with hormone treatment.

I’m calling the machine will try and remove all of John Wayne and Bruce Wills die hard movies from the earth.

—–

With every post you show yourself to be falling further into your own abyss.

You have had some valid points and good calls in the past but now you are just a ranting lunatic.

Get over yourself. Try posting some useful information rather than this lunatic fringe material you keep pumping.

Hormones, government turning our men into women, too far into the JD, aliens.

You, sir, are an idiot. An embarrassment to us all. I don’t even share this website with my friends anymore, I’m too embarrassed to admit I read anything with your point of view and ‘insights’ included in it.

Once upon a time I found you amusing. Now I just feel sorry for you and your family.
……

The slow self destruction sceen. You got to be a dumb ass millianial. Not realizing smoking man is smoke show for book sales. Invented character.

A huge win to my writing tallent if that’s what my words made ya think.

#66 Ian on 09.18.17 at 9:47 pm

Millenial…Seattle is not the only data point for a minimum wage debate…

http://www.washingtontimes.com/news/2014/apr/1/imposed-minimum-wage-hikes-hurt-economies-in-ameri/

Destroyed these territories so much they had to stop it in 2010 after implementing it in 2007.

Ontario soon to be another data point unless Brown wins and puts a stop to this stupidity.

#67 DON on 09.18.17 at 9:48 pm

So the data is bad 18 days into September. It is so bad it has muted TREB.

Feels like the calm before the storm. NO good data on the horizon. Canada is on the BIS death watch.
I
All that is left is reality. Hope is being removed on a daily basis. The inflated housing induced egos are disappearing – this will affect all of us to some degree.

Houses got too expensive and the party is over.

#68 Ian on 09.18.17 at 9:50 pm

For those interested in passive investing since there was the Potato debate recently and still a hot topic on here…I found out about this site today and was exploring it earlier. Hadn’t seen anyone mention it on here, so here you go:

https://portfoliocharts.com/

Looks kind of cool, is authored by an engineer apparently. I’ll dig around on it tomorrow a bit more if I have time. I like the heat maps!

#69 45north on 09.18.17 at 10:01 pm

“TREB’s Board of Directors recently decided to discontinue the publication of mid-month and weekly housing market statistics”

which could mean only one thing: sales are down which confirms two statements:

Alex Prikhodko : I think it’s safe to say, as we expected, that ’market will rebound in September’ was nothing more than wishful thinking based on absolutely nothing

and Garth: This looks like a market in free fall

Real estate is the asset most people have and it’s their only asset. For which they have borrowed hugely. And now it looks like it’s in free fall!

And did I ever mention the universal 2% mortgage stress test coming this autumn? Or the slaughter of two million small business owners planned by T2 and Wild Bill?

Bill Morneau’s tax changes: the real deal is that taxes go down. That’s not what he’s saying but it’s what people are hearing.

First of all what he’s doing is a mistake. As Minister of Finance, he’s the coach. The small business coach. And he’s just told small business he doesn’t want them on his team.

Lead Paint: And the key here is not just a particular change to a tax policy, but the positioning and rhetoric of the Liberals.

You’re right. It is the positioning and rhetoric. The Minister of Finance just told you he doesn’t want you on his team. So you’re looking at other teams. Meaning that you are looking to move out of Canada.

Second, it’s a bad deal. Taxes aren’t going down. The losses of small businesses are going to be minimal. They have tax advisors and they’re going to position themselves to reduce their losses. In most cases this will mean doing less business. In some cases it will mean moving out of the country. So the losses won’t be that big. Taxes stay the same or I think they go up because overall tax revenue goes down but government expense doesn’t.

#70 nbe on 09.18.17 at 10:04 pm

I’d definitely go for the position if I thought a whacked out biologist could add value. I don’t want to be in the position of getting fired.

Whoever gets this position will be blessed. Great team, important work – esp as I approach middle-age!

#71 Stats freak on 09.18.17 at 10:09 pm

It would be my dream job, but I live on the Westcoast. Can it be done remotely? I have 35 years of running law firms & doing their books. My hobby is QTrade ETFs, astrophysics &, of course, dogs.

#72 Ronaldo on 09.18.17 at 10:11 pm

Garth’s favorite realtor. Adele.

https://www.youtube.com/watch?v=X8EF1cY35KY

#73 Russ on 09.18.17 at 10:14 pm

Hi Garth,

May I suggest Mark as a new intern (yeah, don’t pay him) or Girl Firday?

He could use an entry level position to gain some knowledge.

Cheers, R

#74 Asterix1 on 09.18.17 at 10:15 pm

#44 Doghouse Dweller on 09.18.17 at 8:31 pm
BIS finds hidden $14 trillion credit bubble and Canada wins bronze in the global debt trap danger zone.
————–

I would call that a Silver medal for Canada. Last time I checked, Hong Kong was 100% China. Yes, we are 2nd, rejoice..

#75 Screwed Canadian Millenial on 09.18.17 at 10:22 pm

@#66 Ian

Lol Ian you’re performing abysmally here. You had to concede Seattle because you got absolutely btfo on the facts. You couldn’t even counter anything I said so all you can do is ignore it?

Now you’re so desperate, you’re spouting washingtontimes.com, a literal fake news source. What’s next? Infowars? ZeroHedge?

What the hell do you have against hard working Americans getting a raise? Why does this upset you so much. Is the only purpose for your existence to serve the corporations and the billionaires hoarding untold wealth?

Even Fox News is on my side here.

Job growth picks up in states that raised minimum wage
http://www.foxnews.com/politics/2014/07/19/job-growth-picks-up-in-states-that-raised-minimum-wage.html

“WASHINGTON – Maybe a higher minimum wage isn’t so bad for job growth after all.”

Minimum wage increases are ‘supercharging’ economy, says U.S. multimillionaire
http://www.cbc.ca/news/canada/british-columbia/minimum-wage-increases-are-supercharging-economy-says-u-s-multimillionaire-1.3124917

How can Walmart possibly afford to pay their workers a decent wage amirite?

Walton family are richest in the US with $149bn net worth – Forbes
http://www.ibtimes.co.uk/walton-family-are-richest-us-149bn-net-worth-forbes-1508928

#76 MaxtheTax on 09.18.17 at 10:23 pm

Garth,

re: job ad for the assistant position: so what are the details of the Turner Investments employee defined benefit pension plan?

har har har!

You couldn’t drag me back to that 1.5 hour morning commute to work hell hole GTA if you advertized partnership! That subway-streetcar-bus soul-lynching mega-city where you work 40 hours and it takes 60 outta ya. No wonder the anti-depressants are in the water supply…

#77 Myra Andrews on 09.18.17 at 10:27 pm

September is not looking good so far.

This data is for both Real Estate boards-GVRD and Fraser Valley. Not looking good.

Date New Sold % Sell to List
18-Sep 531 192 36.2
15-Sep 305 167 54.8
14-Sep 385 269 69.9
13-Sep 434 251 57.8
12-Sep 465 191 41.1
11-Sep 561 273 48.7
08-Sep 341 158 46.3
07-Sep 392 139 35.5
06-Sep 466 188 40.3
Total 3880 1828 47.1 Overall

#78 Screwed Canadian Millenial on 09.18.17 at 10:31 pm

Sounds to me like his client bought a Toronto detached home in March.

Toronto Restaurant Shooting Victim Laughed Before Being Fatally Shot
Real estate agent Simon Giannini died on Saturday.
http://www.huffingtonpost.ca/2017/09/18/toronto-restaurant-shooting-victim-laughed-before-being-fatally-shot_a_23213830/?utm_hp_ref=ca-homepage

Do REALTORS® need to start hiring security guards and wearing body armor?

#79 X on 09.18.17 at 10:33 pm

Sooo…..TREB drops the monthly reporting next…I mean, that is as equally arbitrary as weekly….

I hope the competition bureau opens the market info up to all Canadians. I can go online and view how many stocks traded of each company daily, and for how much. Why the secrecy about RE.

#80 For those about to flop... on 09.18.17 at 10:35 pm

Here is the latest effort from howmuch for all the bitcoiners on this beast of a blog…

M43BC

“This Chart Reveals the Centralization of Bitcoin Wealth

Bitcoin has been making a lot of news lately. The cryptocurrency shot up in value by over 200% in 2017, making many people fear that the market is in a bubble. Last week, China decided to close its bitcoin exchanges, which caused investors around the world to panic about the currency’s long-term viability. But how many people own bitcoin, and how is the currency distributed around the world? Check out our new visualization.”

https://howmuch.net/articles/bitcoin-wealth-distribution

#81 Last of the Boomers on 09.18.17 at 11:01 pm

@#22 ct & 39 stone

My Balanced and diversified, with dividends and distributions, after fees returned 4.49% year to date.

#82 Smoking Man on 09.18.17 at 11:02 pm

Bikes in big cities.

https://youtu.be/xwK11srDmyw

#83 Ian on 09.18.17 at 11:09 pm

#72 Flop

That is pretty cool. Very unequal distribution!

flash crash / BTC bull is paying $5k a coin to buy from the Goldman Sachs pro traders who are gleefully blowing it out the door before it goes to zero.

M48ON

#84 Ronaldo on 09.18.17 at 11:11 pm

#79 X on 09.18.17 at 10:33 pm

”Why the secrecy about RE.”
—————————————————————
May have something to do with “fake news” being spouted by the real estate cartel. We wouldn’t want people to know the truth now would we? Especially now that the market appears to be in free fall. Will be interesting to see what they have to say next month. Imagine if the Financial Industry operated like that bunch. We can only hope that one day they will be held accountable but I won’t be holding my breath waiting for that to happen.

#85 Interstellar Old Yeller on 09.18.17 at 11:17 pm

#22 CT
#35 Stone on 09.18.17 at 8:06 pm
#81 Last of the Boomers

4.17% YTD. Gave back a lot of gains as the CAD appreciated but at least I won’t be staring at $9 cauliflower in the supermarkets this winter.

#86 Glen on 09.18.17 at 11:19 pm

#55 Mark

The LSA has allowed spouses and children as non-voting shareholders since 2010.

#87 Ian on 09.18.17 at 11:21 pm

Millennial…would you settle for The Fraser Institute? I don’t recall quoting infowars. Not generally a habit of mine.

I think my point was that American Samoa got destroyed by the minimum wage. Which it did. As has Ontario. You’re aware that Ontario has lost 300k manufacturing jobs in the last 15 years as the Liberals have turned it into Zimbabwe?

#88 Rogue One on 09.18.17 at 11:23 pm

Just go to Mongohouse or one of the other Chinese sites that show the list/sell price of every property in the GTA.

TREB can’t do s**t to stop these sites…..even Zolo has a running total of market stats

#89 Old Ron the Real Estate Broker on 09.18.17 at 11:26 pm

The guy who said that the TREB Directors should be put in jail should probably seek Medical assistance.

The lack of data may be a temporary glitch, TREB’s Web Site underwent a major renovation this week, and it may still be in flux. I will get back to you on that.

Recognize that every month, TREB publicly releases a 25 page pdf, filled with every conceivable TREB housing stat. But Garth’s people need their daily “Doom fix” so I understand your withdrawal symptoms.

So here in lieu is Ron’s report from the field:

The market is chugging along, probably going to report around 6,000 sales for September. Prices seemed to have plateaued, and have stopped their precipitous fall for now. The specs have stayed home, and we tend to have a real market with real buyers and sellers. Imagine, people buying a house because they need a place to live, what a concept.

For this old Broker, the cost and availability of mortgage money is my primary concern going forward. As Garth has correctly said many times before, there is an inverse relationship between the interest rates and the price of housing. Higher rates = lower housing prices.

We could well be heading into some below average years in the housing market. So don’t give up your job to get your real estate license. That boat has sailed. History tells us that several thousand men and women will be heading for the exits over the next 12 to 24 months.

#90 BC refugee on 09.18.17 at 11:26 pm

Met a couple from Milton ON at the post office this afternoon. It turns out they sold at the peak of the market 6 months ago and have relocated here to Pictou County, NS. They knew the TO market inside and out and they fear for their children. Their children are oblivious to the risk and fear getting a call from them asking them to bail them out.

In the last couple months I have either met personally or have heard second hand stories of 5 different families that have escaped BC like our family did.

A week and a half ago met a guy from Barrie who just bought here. Lots of Ontario plates our here, so I ask them where there from and learn something new :)

The most striking story…a couple with a 10 and 17 year old who I met at scenic look out, are from the city of TO and pay 2100 a month in rent. They’ve been thinking about moving here to Nova Scotia for a while, have lots of family to help them when they get here, and they wonder if we knew anyone when we got here. I told them no. The move was hard on my wife…saying all those goodbyes and such, but one of the best decisions we’ve ever made!

#91 Happy Housing Crash Everyone! on 09.18.17 at 11:31 pm

#33 tedfiftyfour

Shut up! Have I told you how much I HATE dirty lying SHYSTERS? SHYSTERS who have their grade 7 education but walk around with an all knowing attitude. Passing a three week course means nothing. You are not an expert in anything. It’s bizzaro world where people who wouldn’t qualify for a job flipping burgers are telling people to buy houses and condos . It insane. You dirty SHYSTERS know I’m right. You know people in the office just like this.

#92 Moses71 on 09.18.17 at 11:33 pm

One word for TREBbers=”cockroaches”

And RE agents better be celebrating they’re bumping the minimum wage up. But those assh!*@! shouldn’t be eligible for 1/2 of those jobs because many of them are probably guilty of fraud & should be charged/convicted, anyways. Pft

#93 Happy Housing Crash Everyone! on 09.18.17 at 11:39 pm

62 action on 09.18.17 at 9:30 pm
time to get something done..

see the petition at
https://www.change.org/p/government-of-canada-real-estate-is-for-consumers-not-realtors-yes-to-transparency-openness-and-more-choice

thanks

_____________________________________
Thank you. Spread the word people

#94 Where's The Money Guido? on 09.18.17 at 11:42 pm

Not on topic bit I felt this had to be brought to the blog dogs attention. Talk about not being held accountable:
I want to know why Calgary Flames co-owner Murray Edwards and Imperial Metals isn’t paying the $40 million dollar clean up costs from BC’s Imperial Metals Mount Polley dam collapse and spill disaster that is Canada’s worst disaster in history.
And why is he shaking down Calgary taxpayers for more money before he pays that bill with his co-owner Ken King. He owns more than 1/3 of Imperial Metals. He left for London right after the disaster to hide.
Does Calgary want such a coward owning their hockey club?
He is a disgrace to the NHL and BC should make a stink over this.

#95 Spock on 09.18.17 at 11:57 pm

Screwed Canadian Millenial will call the study embarassing if it does not adhere to the same socialistic standards as endorsed by T2 and his gang of merry robbers.

Other studies which support his view are very solid studies.

#96 Spock on 09.18.17 at 11:59 pm

#48 Lead Paint on 09.18.17 at 8:40 pm

Garth’s clients may actually find all their money distributed through the T2 and Wynn giveaway programs. He may even keep some himself to make more than the minimum wage.

But i digress – we need Garth to be able to afford the cost of hosting this website. So cannot have SCM screwing it up.

#48 Lead Paint on 09.18.17 at 8:40 pm
Re: job ad, you forgot to mention that Doug and Ryan give back rubs. That’s why you hired them , right ?

What about Screwy Canadian Millennial ? As an added bonus he will give your clients money away for free to those he feels deserve it more than those that actually earned it. Just like his heros the Trust Twins.

#97 Underwriting on 09.19.17 at 12:10 am

Realtors withholding stats isn’t new. Check out CREA in Barrie, they stopped postings their monthly stats in March. Did something happen after March??? Hmm.
http://creastats.crea.ca/barr/

#98 L on 09.19.17 at 12:35 am

If i was younger, would love to apply. Worked in financial industry since early 80’s. MM trader/cash mgmt/securities lending. Enjoyed every minute.
Good luck with the search Garth & thxs for this blog.

#99 JimmyQuest on 09.19.17 at 12:51 am

Garth, does the position require moonlighting at your ice cream shop on weekends or walking Bandit during the winter time. If so, and based on your previous injury, position require additional hazardous work pay!

#100 slick on 09.19.17 at 12:56 am

#1 Ian;
from one conspiracy theorist to another;
you are prolly correct.
The liberals will come out with some sort of mortgage rescue plan before the next election to counter. Don’t like the Liberals, but the others are just as conniving.
The Liberals are just so arrogant. The Premier is so confident, she climbed on the witness stand!

As an aside; why is our economy so strong, with a higher dollar and interest rates?
Borrowed money. the government crows abooout the consumers debt warnings, and then snorfles even more themselves. Using debt and tax dollars to buy votes.

TSX stock market higher?
compare it to the 74 cent dollar we’ve had for the past 2 years. 10% higher now.
US markets at all time highs?
Their dollar is 8% lower than it was 6 months ago. It is all relative, but those Forex rates sure skew the numbers.

#101 Ponzius Pilatus on 09.19.17 at 1:08 am

#60 Smoking Man on 09.18.17 at 9:19 pm
Last night in New Orleans. Wondering where to go next then this song hits the speakers in the casino.

https://youtu.be/r5HriFybF3E

Rambling has two meanings.

Nashville it is. Not power drinking like last night.

Thanks for the endorsements blog dogs for wanting me to be a bitch at Turner Investments. I’m going to submit my resume.I need a purpose. Resume It’s real good. But I’ve been a bad boy. Pissed off a shit load of anual Davos travelers. They get so mad when you’re vision sees through the smoke screen they create.

No one else wants me. I’m on major secret shit list of some kind. I’m not kidding I have live post on periscope go mute when I get in to the good shit I discover at every empty bottle of JD I consume.

Oh not Ambitious. Sorry garth that’s never worked for me before. But I’m a kick ass walking brain. And if you had any kind of a nrain you will send my resume into the trash bin.

I’m a wanted man. Not in a good way.
—————-
Thank God, Smoking and Drinking Man is back.
Was worried for a while.
Keep up the good work.

#102 Ponzius Pilatus on 09.19.17 at 1:11 am

#61 will on 09.18.17 at 9:21 pm
Re: the job

Do you offer company housing?

Just tummy rubs. — Garth
———
Come on, I’m sure he can join Bandit in the dog house.

#103 Ponzius Pilatus on 09.19.17 at 1:20 am

paulb
New
365
Price Change
75
Sold
111
TI:10121
—————
Won’t end well.

#104 T on 09.19.17 at 1:58 am

#65 Smoking Man on 09.18.17 at 9:47 pm

No I get your schtick, I’m not new.

You actually seem to be an intelligent individual. I agree with your insights into the herd, and may have even learned a thing or two from your comments over the years.

Lately, however, your comments are making the rest of us look like complete idiots by association. This whole government turning our boys into girls nonsense has to stop. Go back to being a drunk alien with powers of prediction.

#105 Frank on 09.19.17 at 2:19 am

Screwed Canadian Millenial, thank you for the details on Seattle.

Large companies on both sides of the border have been claiming a lack of engineers, technicians, and programmers to bring in temporary workers. It drives down wages, and visas are tied to the hiring company, making workers subject to exploitation.

In Ontario, only 30% of engineers work in a related field, and most of that employment is civil and structural for construction.

#106 BillyBob on 09.19.17 at 3:11 am

#64 Doghouse Dweller on 09.18.17 at 9:46 pm
#98 BillyBob on 09.17.17 at 11:21 am

I have to question the source of your data, given that there is no country called Czechoslovakia and it hasn’t existed since 1993…
================================================
Czechia was (july/17) 0.05 now 0.250 %
Slovakia 0.00 %
Looks like Czechia is booming.
I read this guys Finance Blog a lot and his books and entertaining videos.
But it`s all French (France with thick accent)
Pierre Jovanovic
His latest book the History of John Law (the original printing press ponzi)

I`ll e-mail him and point that out, I`ve been wanting to, now I have an excuse.

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

Good idea! A small note, NO ONE Czech calls the Czech Republic “Czechia”, politicians attempted to adopt the name a whole year ago – but any real Czech will grimace with disgust if you try and call it that. Sounds wayyy too much like “Chechnya”, and there’s a bit of history with the Russians…yes, it has been officially registered with the UN as the country “short name” but in spite of being flogged hard only non-Czechs would actually call it that.

It’s (The) Czech Republic. Or Česko if you’re Czech.

Just fyi – sorry for the pedantry!

Unrelated: could you jokers PLEASE stop triggering Screwy Millennial? It makes my index finger tired, scrolling past his nonsense rants.

#107 Koshy Alex on 09.19.17 at 4:29 am

Now the Bank of International Settlements (BIS) has a new warning – that along with China and Hong Kong we’re at risk of a financial crisis, thanks to real estate. Great. Just great.

No, I don’t believe that thing about China !!!

http://www.greaterfool.ca/2017/04/08/1-4-billion-people-cant-be-wrong/

#108 maxx on 09.19.17 at 6:07 am

#17 prairie person on 09.18.17 at 7:25 pm

Ditto.

What I would have given to land a fab career like this one. It’s not a job, it’s a golden opportunity – in which it’s truly worth deploying everything one’s got.

#109 Victor V on 09.19.17 at 7:22 am

Toys “R” Us files for bankruptcy protection in U.S.; to follow suit in Canada

http://www.bnn.ca/toys-r-us-files-for-bankruptcy-protection-in-u-s-to-follow-suit-in-canada-1.860290

#110 Dharma Bum on 09.19.17 at 7:28 am

Cover Letter.

Dear Mr. Turner,

I am herewith responding to the job posting that recently appeared in The Greater Fool blog. It is with with great interest and enthusiasm that I submit my resume and application for this esteemed position.

In the interest of honesty and transparency, I would like to disclose a few conditions in advance of my hiring, so that your expectations of me can be adjusted accordingly, and the appropriate preparations made by your office.

Primarily, let me be clear: the maximum hours I work per day is 11:00 AM to 3:00 PM. This schedule INCLUDES my lunch hour. (Lunch, I assume, is provided and paid for by the company).

In a regular week, I take Mondays and Fridays off. During any week with a statutory holiday, I will take the next day off, in lieu of.

As I have already been in the work force for the past 35 years, I expect the minimum 4 weeks of paid vacation I currently receive to be transferable to this position. However, since I am partial to my pals in Australia, New Zealand, Greece, and many of those bum friendly countries I have frequented on my numerous holidays, I will accept no less than 10 weeks of paid vacation.

Starting October 1st 2017, I will have a lot going on in my personal life. I am planning an extended ski bum vacation between January and March of 2018, and I have a shitload of crap to prepare for it. I need to trick out my truck with ski racks, winter tires, new suspension, and chains (better safe than sorry trekking around in the mountainous regions of Colorado and Utah). I need to buy new skis, boots, and cool goggles. Also, I need to fix up a few things around the house before I take off, which will take me a few weeks.

Once I return, one of my kids is getting married, so I’ll need some time off to prepare for that. You know, get fitted at Tuxedo Royale, and the like. I have another kid getting married next fall, so again, I’ll need time off to get ready, help out, etc.

In between weddings, I will be road tripping out to the American west coast, taking in the sights from Washington State, down through Oregon, and California. I will send you photographs.

So, anyway, I am really busy, so I cannot start work until November 1st, 2018. However, I have a doctor’s appointment the next day, and a dentist appointment the day after. That leaves one working day (in my schedule), so I may as well just show up fresh, and ready to start on the following week.

By the way, does the benefit plan include dental.

I eagerly wait your response, and look forward to working with you. I assume I will have a private office, with a separate entrance.

Sincerely,

Dharma Bum

#111 Manitoba Whale on 09.19.17 at 7:29 am

2.3 Ytd and 9.2 yoy
USD exposure quite high.

#112 2 Cents Canadian on 09.19.17 at 7:44 am

I guess this is the way the CREA will take control of “their” numbers. And reminding us they gathered them so they are theirs. Now their few higher-up level internal guys and marketing team can spin the RE news (hype) any way they want with no (or a lot less) critique. I think only publicly traded companies legally have to share their numbers no? If buyers could lose some Hornyness and get back to haggling and holding hard lines on offers they would be back in control (as people holding million dollar cheques should be) ….. and not some company skimming 4-5% of each deal. CREA should be in the back ground ….. not the steering this bus.
A question …. Can we get the numbers without CREA? Is there a way of gathering all these sales stats from public records?

#113 Hogtown Indebted on 09.19.17 at 7:52 am

Just heard on CBC Toronto Metro Morning, business commentator Michael Hlinka. He has been a solid supporter of the housing bubble for a long time.

Today he said the BIS data lacks context and is not really important. He called our debt levels a sign of “confidence” in the economy and besides, we can all borrow from our parents whose home values have gone up to pay off our debts, unlike in the 1950s.

So it really is “different this time”.

(Yes, he used those words, citing the the book ‘This Time is Different’ as being wrong in our case)

#114 maxx on 09.19.17 at 8:17 am

#79 X on 09.18.17 at 10:33 pm

“….I can go online and view how many stocks traded of each company daily, and for how much. Why the secrecy about RE.”

Realtards have been the darlings of tptb for the past couple of decades. They’ve been handled with kid gloves and unbelievable permissiveness seen nowhere else in the business world. Much machination goes on in the dusky, dim reaches of empty buildings, well away from recording devices. Unlike workers who drive a desk full-time.

Society at large can’t stand the sight nor idea of these parasitic cockroaches.

With few exceptions, these repulsive, harmful manipulators see their free-for-all tide receding, and yet expect to feel the love? Schadenfreude is the new wave, baby.

#115 TurnerNation on 09.19.17 at 8:17 am

Tricksters Realizing Every Benefit.

Say for years now we’ve been told of massive data hacks – our personal info at major firms, reatailers.
Never ever has a single person or entity been fingered. No attempt, really. (The guard dog that never barked.)

This all tells me…the info is being fed into A.I. machine. A silent weapon. Equifax data was the crowning glory.

Password was Argentina? You don’t say…the county that was collapsed into Debt crisis by elites and stomped by dictator. Well I never.
That data is gold.

#116 Oft deleted much maligned stock.picker on 09.19.17 at 8:47 am

The job posting made me weepy. When I first started as a board marker in an open call trading floor it was exciting as hell. It was a larger than life business. I worked around some famous promoters….giant personalities….ordering pizza for hundreds when a gold mine clicked….and heading off to the Marble Arch Hotel for beers and strippers after work every day to wheel and deal. First job in finance….exciting prospect for some young hustler. Get someone with personality…..and don’t forget the cocaine and strippers poles. I’d do it all again.

#117 crowdedelevatorfartz on 09.19.17 at 8:50 am

@#53 I like to smoke “J’s man”

“But what other business is required to publish the kind of detail that is being demanded here?

Auto sales?

What company has to supply wholesale and sales numbers so consumers can do a detailed analysis of their business?

The TSX?

Buyers set the market and if the prices are too high it is their fault and their fault alone.”

When you have truthful, factual information?
*******

The most important purchase for 99% of the population and sales stats are hidden( by the commission fee based monopolistic cartel that controls the information….no conflict there).
Bid prices are hidden( but a higher bid is ALWAYS suggested by the commision fee based sales person…..no conflict there).
Commisioned Sales persons are caught ON CAMERA lying , obfuscating, bid pedalling, etc. and must “suffer” through a kangaroo Court of their self same , self serving peers.
$50,000.00 in commission and you geta $1500 fine…….please.

The entire closed shop, monopolistic, back scratching, “we hold all the cards”, Canadian Real Estate system of sales is stuck in the 1950’s and needs a drastic overhaul.
We just need politicians NOT in the back pocket of the multi million dollar CREA lobbyists to pass a new Law opening up a fair, accessible, auditted, information sharing system ( kinda like http://www.viewpoint.ca/)

to allow honest, decision making about a persons most important lifetime purchase………..

My personal favorite is the real estate auctions held in countries like Australia……no realtors pumping bullshit…… and if the Canadian bankruptcies start cranking up…….the banks may be forced to use that option.

Happy Bankruptcy Housing Crash Auction Everyone!

#118 Happy Housing Crash Everyone! on 09.19.17 at 8:52 am

https://www.change.org/p/government-of-canada-real-estate-is-for-consumers-not-realtors-yes-to-transparency-openness-and-more-choice

Don’t forget to sign the petition. Together we can get rid of SHYSTERS

#119 paulo on 09.19.17 at 9:10 am

#112 two Cents Canadian

You can access purchase and sale records at the local land registry office for any property in ontario
the records there show the complete history of sales and
whom has the current mortgage charge against the property.
you will have to have a list of addresses you wish to review if you can also get the property pin #s it is quicker
there is no fee to look at the records but if you want copy’s there is a small fee.
there are a couple of private service providers that will do the leg work on a per address basis using taranet express usually about $40 per address but you will get hard copys of the record.
anybody looking at purchasing in a specific area should make a list of 5 recent sales and pull the records a few hundred invested in research will give you exact sale amounts of comparable property’s.
information is power the more you have before signing that million dollar offer the better of you will be at the negotiation table.

Cumbersome. Costly. Time-consuming. And not the point. — Garth

#120 Stan Broock on 09.19.17 at 9:27 am

The small Businesses killer:

https://ca.finance.yahoo.com/news/canada-posts-c-17-8-123156014.html

Just look at that face, would you like to be screwed by such ugly looking person? As for the manners, no comments on that. Just adds insult to injury.

#121 gfd on 09.19.17 at 9:35 am

Mid month stats gone? How am I going to buy that $350K house for at least a mil. I’m totally lost.

#122 Gravy Train on 09.19.17 at 9:41 am

#110 Dharma Bum on 09.19.17 at 7:28 am

Lol. That’s the funniest cover letter I’ve ever read. Ah, Bumster, it’s grand to be retired, isn’t it?

Garth, do you need someone who can do tax planning for your clients (e.g., section 85 rollovers or section 55 butterfly reorganizations)? Nah, on second thought, I’m enjoying my retirement too much; besides, I could never afford to live in Toronto! :)

#123 Ian on 09.19.17 at 9:48 am

Hot off the press…Ray Dalio on Bitcoin…complete bubble

http://www.marketwatch.com/story/bitcoin-is-a-bubble-says-the-head-of-the-worlds-largest-hedge-fund-2017-09-19

#124 Smoking Man on 09.19.17 at 10:03 am

That amazing feeling when caffeine is attacking last night’s burbon rampage. Shadows of memory where security would not let a 7 Star player back into the casino. The only evidence of a good time is when you pick up your boxers and they are completely soked

I so need access to the street camera videos. It was a good night I think.

#125 n1tro on 09.19.17 at 10:17 am

#123 Ian on 09.19.17 at 9:48 am
Hot off the press…Ray Dalio on Bitcoin…complete bubble

http://www.marketwatch.com/story/bitcoin-is-a-bubble-says-the-head-of-the-worlds-largest-hedge-fund-2017-09-19

“The billionaire investor said it was action in the cryptocurrencies has been “very much” driven by people thinking simply that they can sell it at a higher price, “so it’s a bubble.””
———————————————
With insights like this, what isn’t a bubble?

#126 Deplorable space dust on 09.19.17 at 10:34 am

#124 Smoking Man on 09.19.17 at 10:03 am
That amazing feeling when caffeine is attacking last night’s burbon rampage. Shadows of memory where security would not let a 7 Star player back into the casino. The only evidence of a good time is when you pick up your boxers and they are completely soked

I so need access to the street camera videos. It was a good night I think.
.
Dude if you want to be a top notch drunken one armed bandit player you need to invest in diapers. Amateur.

#127 smokinmanclone on 09.19.17 at 11:01 am

Hey Garth what are ya paying for the position?

-Smoking Man 2.0

#128 J on 09.19.17 at 11:19 am

#65 Smoking Man on 09.18.17 at 9:47 pm

From yesterday.

140 T on 09.18.17 at 3:26 pm
#113 Smoking Man on 09.18.17 at 10:26 am
It’s bad enough that globalists are trying to turn 4 year old boys into girls via educational industrial complex. In Ontario if you bitch about it. They take your kid away. They want to take it a step further with hormone treatment.

I’m calling the machine will try and remove all of John Wayne and Bruce Wills die hard movies from the earth.

—–

With every post you show yourself to be falling further into your own abyss.

You have had some valid points and good calls in the past but now you are just a ranting lunatic.

Get over yourself. Try posting some useful information rather than this lunatic fringe material you keep pumping.

Hormones, government turning our men into women, too far into the JD, aliens.

You, sir, are an idiot. An embarrassment to us all. I don’t even share this website with my friends anymore, I’m too embarrassed to admit I read anything with your point of view and ‘insights’ included in it.

Once upon a time I found you amusing. Now I just feel sorry for you and your family.
……………………………………..

The slow self destruction sceen. You got to be a dumb ass millianial. Not realizing smoking man is smoke show for book sales. Invented character.

A huge win to my writing tallent if that’s what my words made ya think.
………………………………………………………………….
Smoking man is smoke show for book sales. Invented character? I don’t think so.
That sir is sad as your videos demonstrate.
“T” was correct once you had some speckles of insight and now you are just a very sad old man and a drunken fool. You need help and quickly before you kill yourself.

#129 J on 09.19.17 at 11:21 am

#120 Stan Broock on 09.19.17 at 9:27 am

The small Businesses killer:

https://ca.finance.yahoo.com/news/canada-posts-c-17-8-123156014.html

Just look at that face, would you like to be screwed by such ugly looking person? As for the manners, no comments on that. Just adds insult to injury.
………………………………………………………………
Here is your comment.
“look here people we didn’t screw you as bad as we thought we were going to screw you”

#130 Centre Wing on 09.19.17 at 11:42 am

I’m all in if I can work from a virtual office. Working or living in Toronto would be soul-sucking.

#131 SWL1976 on 09.19.17 at 11:43 am

@ Screwed Canadian Millenial

I am curious to what you do to earn a living???

You have obviously never had to make payroll. Where do you think the money for 15$ an hour min wage is going to come from for small business owners?

I do agree that larger corps such as Sprawlmart and Rotten Ronnie’s have had a bit of a free ride over the past 20-40 years with public perception and subsidies. They are now well positioned to pay a 15$ and hour min, but they have also geared themselves towards automation for which they will eliminate jobs rather than pay up.

I personally do not support such corps and have for years voted with my wallet to support local small business which more people should, but unfortunately big box stores have also been small business killers and the herd is content to race to the bottom with pricing and now have a truly distorted view on what it actually cost to do ethical business.

I don’t think you think much about what a 15$ min wage will do to small business?

I hope with all your ranting about being paid more you are also willing to pony up when it comes to supporting your local small business.

Or are you the same person who will whine about the price of a local item when comparing it to something from a big box store???

You can’t have it both ways now

#132 RyYYZ on 09.19.17 at 12:03 pm

#94 Where’s The Money Guido?

Hockey fans don’t care about any of that. They just want their taxpayer-subsidized arena so that they can keep their NHL team in town. Everyone who doesn’t really give a crap about hockey can just suck it.

#133 maka on 09.19.17 at 12:10 pm

I like Realtors &copy. No extra points for me.

#134 clobbered on 09.19.17 at 12:45 pm

ya should have left the job opening to the employment and financial sites…
good luck. expect lots of ducks looking for that swan

#135 Pre-retiree on 09.19.17 at 12:50 pm

#110 Dharma Bum

Thanks for the laugh.
You must have been a government employee in your past
life, now living with a generous pension. How else would you be able to come up with this letter.
I did enjoy reading it. Garth would be a fool to pass on your generous offer. A real asset for his office.

#136 NoName on 09.19.17 at 1:06 pm

To Whom It
May Concern:

I would like to apply for advertized or any other available position with your organization Mr Turner, I’e worked and deliver results as a indidual or a a group member.

As an machine break down or construction electrician I was very good, but did I ever deliver at demolition, in my humble opinion no red seal trade person ever come close to my level of performance. I was often referred as Destructo by my employers.

In a over 19 years me working as an electrician there is a one thing that i believe that stands out is; no animals were hurt, harmed or mistreated while I was working.

I was often as a gratitude to my performance, attendance and attitude I was revarded with many disciplinary letters and countless unpaid days and sometimes week off, I enjoyed those days off and to this day cherish moments spent with my family.

I am not one of those people who panic, but with low comprehension of werbal and written English more often than not, I’ll fly of the handle which generally cascades to other co-workers and mass hysteria would take workplace in no time.

I know those “things” aren’t statistical certainty that i will conduct in a same manner , but i am 100% sure that no magical writing powers is imbued in tis letter to make me look like someone with extraordinary powers and to lift my performance in order to score some points for over other better qualified candidates and land advertized job for my self.

Anyway, to close this down i would like to add that I do by and read books occasionally and watch lots of YouTube.

NoName

#137 Gravy Train on 09.19.17 at 1:17 pm

#128 J on 09.19.17 at 11:19 am

“… and now you [SM] are just a very sad old man and a drunken fool. You need help and quickly before you kill yourself.”

Maybe at the next blog dog meetup, we could—or should—stage an intervention! Or is it now just too little, too late?

#138 Ian on 09.19.17 at 1:40 pm

#137 Gravy

Is there ever a blog dog meetup?!!?

#139 Dharma Bum on 09.19.17 at 1:44 pm

#122 Gravy Train and #135 Pre-Retiree

Thanks for the accolades.

I just summed up the gist of every cover letter,resume and job interview I have gone through in the recent past (on the hiring side). It has been a depressing few years. My heart sunk every time I was faced with hiring new personnel, whether it was for sales, customer service, or administration.

The crop of prospects in the past decade has been dismal.

My decision to retire early came about largely as a result of the crappy choice of people who were available. I just couldn’t take it any more.

While I was working, I worked. Now that I’m done, I’m a BUM.

The Dharma Bum life is THE LIFE.

Good luck to the next generation of middle managers and the entitled lot they’re going to have to motivate and depend on for results.

They are all dirty rotten filthy low-life SHYSTERS! (Sorry…I couldn’t resist.)

#140 Jamie Dimon on 09.19.17 at 1:56 pm

Holy bejesus for a second I thought the greaterfool.ca was hiring! Pack yer stuff honey the cause is calling!!

#141 Rational Optimist on 09.19.17 at 2:07 pm

I don’t often read Red Flag Deals, but went on this morning to see if anyone had anything cogent to say about TREB skipping the mid-month update.

Blog dogs might be interested in this one: http://forums.redflagdeals.com/advice-house-budget-2127585/3/ It’s a young guy whose wife just gave birth two months ago, and is therefore needing to buy a house. He makes good money, but only has about 10% down. He intends to borrow half a million from his father-in-law (to be “repaid over 15-20 years”), who is willing to sign a letter assuring the lender that it’s a gift.

Does he know he is planning on committing fraud? Yes, he does.

#142 Life of Riley on 09.19.17 at 2:31 pm

Took an interest to Refugee in BC #90 comment….yes, I too a native of Barrie, ON and homeowner who has a home paid off but is eager to pack up and move out East. We took an amazing road trip this past July and drove through Quebec, New Brunswick, PEI and finally Nova “awesome” Scotia. What a paradise from the ugly grind and cement cavity we call Ontario to the pristine lakes and landscape with amazing coastal views one could only imagine.

We have kicked around ideas when to pick up and go – and the consensus says should an opportunity arise, we’ll sell (though its currently crickets on the sale front here) though a nice fairly priced home under the average should help move the property. Bought in 2002 and I’ve seen so much growth and awful Torontians move up that I am now convinced it only can get uglier and we want out!! Nova Scotia’s entire province is under 1m – Halifax is a gem. Yes, storms can be an issue but the current storm in Ontario screams exodus! We are simply counting down the day’s when we can say – see ya later suckers!! Until then, we must grin and bear it.

#143 Angela on 09.19.17 at 2:39 pm

Passed the job ad to a friend. If she’s successful, do you provide a finder’s fee?

Why is everyone on this blog so damn mercenary? Where did you people pick this up? Sheesh. — Garth

#144 Hudak says we're fine on 09.19.17 at 2:48 pm

“Ontario Real Estate Association’s Tim Hudak doesn’t seem particularly concerned about the debt side of the equation, noting that Canadians have been doing a good job in making debt payments.”

How reassuring.

https://ca.finance.yahoo.com/news/canada-fighting-war-first-time-180100793.html

#145 CJBob on 09.19.17 at 2:49 pm

#142 Life of Riley on 09.19.17 at 2:31 pm
What a paradise from the ugly grind and cement cavity we call Ontario to the pristine lakes and landscape with amazing coastal views one could only imagine.
______________
Ummm, you have seen how many lakes are in Muskoka and Northern Ontario, right? I’m headed back up there this weekend to see the fall colours. Absolutely beautiful.

#146 People are Strange on 09.19.17 at 2:57 pm

Could it be that TREB is an organized crime syndicate?!

#147 robert james on 09.19.17 at 3:34 pm

Apparently,, debt slaves are not as rich as they thought they were and they don`t really own anything except dumb azz debt…https://www.castanet.net/news/Kelowna/206954/Pay-taxes-or-risk-property

#148 Where's The Money Guido? on 09.19.17 at 4:03 pm

Re: #132 RyYYZ on 09.19.17 at 12:03 pm
#94 Where’s The Money Guido?

Hockey fans don’t care about any of that. They just want their taxpayer-subsidized arena so that they can keep their NHL team in town. Everyone who doesn’t really give a crap about hockey can just suck it.

I could care less about the fans. It’s the owners and their reputation of up and up citizens that will be tarnished. Maybe that’s why he high-tailed to London.
And I’m betting a LOT of BC’ers are supremely pissed off about this.
And if you are a Calgary taxpayer on the hook for 30 years of taxes, I would be concerned if he’s gonna pay the money he owes if he treats others this way.
I would be worried if he’s gonna skip on his obligations if something happens to affect his pocketbook. A couple bad years and he dumps it just like the mine he pulled millions, if not billions, out of prior, leaving Calgary taxpayers the bill.
Imperial Metals is still doing the same things that caused the dam to collapse originally and another one is guaranteed to occur again the way it’s going.
How would you like 26 billion tons of toxic sludge poured into the Bow River. Make sure you don’t eat salmon cuz it’s poisoned and lots breed in the lake and tributaries that were poisoned.
Murray Edwards is a snake, full stop….

http://www.cbc.ca/news/canada/british-columbia/mount-polley-mining-fears-1.4235913
https://thetyee.ca/News/2017/04/12/Mount-Polley-Disaster-Changes/
http://www.cbc.ca/news/canada/british-columbia/mount-polley-mine-waste-water-quesnel-lake-1.4074233
https://miningwatch.ca/news/2017/5/24/breach-human-rights-impact-mount-polley-mine-disaster-british-columbia
http://www.huffingtonpost.ca/jacinda-mack/3-years-after-the-mount-polley-disaster-our-waters-are-still-in_a_23049981/

Better hope your progeny, if you’re lucky to have any, will not be affected by a snake like this.

#149 Where's The Money Guido? on 09.19.17 at 4:06 pm

Re:
#140 Jamie Dimon on 09.19.17 at 1:56 pm
Holy bejesus for a second I thought the greaterfool.ca was hiring! Pack yer stuff honey the cause is calling!!

HILARIOUS!!!!

#150 Where's The Money Guido? on 09.19.17 at 4:10 pm

Jamie Dimon:
https://medium.com/@blairerickson/how-is-a-corrupt-criminal-like-jamie-dimon-not-in-prison-for-fraud-f3a1e7eb4cf6

#151 SilverSon on 09.19.17 at 4:15 pm

I wonder if the buyers and sellers of all the RE deals that fell apart (or are falling apart) have a case for a class action lawsuit against the real estate boards and big RE companies. Manipulation of market information and anti-competition practices could be seen as having played a pretty big role in creating the related financial losses by preventing people from being able to make informed decisions about their RE transactions. Of course some RE buyers wouldn’t know the truth if it hit them over the head, but if they’ve never been given the truth then they never had the opportunity to make a truly informed decision about what they were purchasing. The same goes for the contracts that they signed – if so many feel that they were only forfeiting their deposit clearly they did not understand the full impact of the purchase & sale agreements. Isn’t it specifically part of the job of the RE company to help people understand what they are signing? Things would be very different if everyone throughout the RE pyramid scheme had a fiduciary responsibility to those they represent. After all, RE is the most expensive thing that most people purchase in their entire lifetime.

#152 Life of Riley on 09.19.17 at 4:23 pm

Hey Garth, after reading your post about such a interesting job opening I thought back to my days when I was fresh out of school. In 1989 I started my career working for anyone who would give a educated but lacked practical working experience punk a chance, and a chance I received. I worked for what was called Midland Walwyn and started as a courier – yeap, with a university degree I was walking documents up and down Bay Street – delivering investment certificates and other documents (boy has the world changed since then). Within 6 months I was shuffled into a Mutual funds department doing anal work of forwarding commissions to those brokers who seemed to park investors money into mutual funds that had the best trailer fees. Then 6 months later I landed what I thought was the greatest job ever – I was on the order desk for Midland’s Future’s trading desk – google Michael Holiday – I was in the time all that was coming down the pipe. On the phone, screaming orders to the pits in Chicago and NY and at the odd time a call to the Winnipeg Wheat exchange (sounded like they had 3 guys in the background). Life was juiced, I worked my butt off as I pictured myself being some type of Futures Trader but that all came crashing down when Midland pulled the plug on the trading desk. Was paid peanuts, probably took a few years off my life as the stress was unreal but it was a time in my life I can only look back and say no way that was me!!

Today – I am light years from ever returning to that environment – nerves of steal and patience is the key!!

#153 Anonymous Coward on 09.19.17 at 4:42 pm

#141 Rational Optimist on 09.19.17 at 2:07 pm

I don’t often read Red Flag Deals, but went on this morning to see if anyone had anything cogent to say about TREB skipping the mid-month update.

——————————————————————-

They did — the conversation starts right here:

http://forums.redflagdeals.com/did-we-just-hit-peak-toronto-re-bubble-1736877/535/#p28244297

#154 SimplyPut7 on 09.19.17 at 4:58 pm

While I think Smoking Man and Happy Housing Crash Everyone! would be great candidates for your vacant assistant position. My vote would be for The Mayor of Milton.

Zolo shows homes listed for sale in Toronto (not including GTA) is back above 6000, up from the low of under 4900 in the middle of August.

#155 Howard on 09.19.17 at 5:17 pm

Do you still take issue to my characterization of realtors as scumbags a few days ago?

Sounds vaguely racist… — Garth

#156 Hawk on 09.19.17 at 10:19 pm

“Its a plan…….and it’s working”.

Oh it will work alright……
……For a while
……Till Canada = Venezuela
……The productive members of society run for dear life
then good luck freeloaders in reversing shit-hole-is-tan!!!

#157 Kyle Bass on 09.20.17 at 12:22 pm

Toronto developer admits we’re in a housing bubble in new report

https://fortressrealdevelopments.com/news/mm8-fortress-fall2017/