Really?

Some days ya just don’t know who’s zooming ya. On Wednesday, for example, Globe & Mail readers were jolted with this: “Toronto home prices rebound sharply after short slump, sales drop.” Sharp rebound! You could feel the collective sigh of relief from 45,000 realtors like a warm spring zephyr.

“The market recovery last month was driven primarily by buoyant sales of detached homes in the City of Toronto,” the story said. “Bouyant!” How could that be ambiguous?

But over at Bloomberg, where nobody’s ever allowed to be relieved or happy, a different take: “Toronto Housing Prices Fall for a 4th Straight Month.”

Huh? So what is it? A sharp rebound? A slump. Up or down?

The reality is detached home sales in 416 did not rebound, and they were as buoyant as a fat brick. In the whole city just 642 singles changed hands, down year/year by 41%. In the entire region (six million souls) there were 6,379 transactions of all kinds in September – traditionally one of the best months of the year for real estate hormones. That compares with 9,830 last year. The buoyant difference: – 35.1%. Yup, sales plopped by almost a third.

So, demand was down sharply. How about supply?

The number of properties listed has been swelling like a lovestruck blowfish. The official real estate cartel count is 16,469 listings – up about 9.5%. But as of Monday realtors could peer into their screens and see more than 26,900 properties on MLS. Meanwhile we know (as of Tuesday) that the new universal mortgage stress test is a go, and will be in place early next year. We also know there’s a 98.5% chance (say the markets) of another US interest rate increase in a few weeks, and that the Bank of Canada will likely follow. We know the economists at Scotiabank, whose track record is about 100% lately, say interest rates will rise a full 1% in the next twelve months. Put it all together and, yes, we know anyone buying a house will have to qualify for a loan at 5-6% in 2018.

But at the real estate board (and the Globe), it’s all ponies and sunshine. Says the boss there: “The improvement in listings in September compared to a year earlier suggests that home owners are anticipating an uptick in sales activity as we move through the fall.  Consumer polling undertaken for TREB in the spring suggested that buying intentions over the next year remain strong.  As we move through the fourth quarter we could see some buyers moving off the sidelines, taking advantage of a better-supplied marketplace.”

Polling in the spring? When prices were frothing higher 30% a month? Is there a whiff of desperation in the air, or did Bandit just have an accident?

This week a veteran real estate lawyer in the west end of the GTA let it be known he has 15 active cases of buyer default on his desk at the moment. “In all of the last ten years, I’ve only had a total of five,” he said. The conclusion’s obvious. Market sentiment is negative overall, and sane people are staying away in droves. The reckless and naïve are not.

Time for a Wild Bill update. I hear he’s rattled. The finance minister never expected the organized and noisy push-back he received to his lame idea of taxing small business operators by abruptly changing long-standing rules. His communications nerds totally bombed by calling two million law-abiding entrepreneurs tax cheats and loopholers. Bill Morneau never expected critics of his thrust to seriously attack the retirement savings of farmers, drywallers and family doctors with his family firm’s work to create tax shelters for the corporate rich.

So, politics being what it is, where being popular is more appealing than being principled, change is coming. In this case, good change. Maybe. “Changes are going to be required,” he said in a media interview Wednesday. “We need to make sure we take into account people’s points of view. That means reviewing what we’ve received, making sure we fully understand it and responding accordingly.”

By the way, the feds got 22,000 submissions – closely paralleling the number of blogs posted here on the subject. So now Morneau says they may well be reviewing plans to limit income-splitting between business owners and family members (who are shareholders), or raising taxes to as much as 73% on income from retained earnings. It’s smart politics, since the broad coalition of those angry with the very notion that the risk-taking creators of jobs should be whacked, or doctors encouraged to leave, is huge and growing. It even includes a few brave Lib MPs, some provincial premiers and virtually every major business group.

But this is ominous.

On Tuesday evening the Department of Finance issued a statement on next steps. Here’s one of the five key actions to be taken:

Conduct a gender-based analysis on finalized proposals, to ensure any changes to the tax system promote gender equity. About 83 per cent of passive investment income is earned by Canadian-controlled private corporation owners making more than $250,000. About 70 per cent of these individuals are men.

Do you make more than $250,000? Are you now, or ever have been, a man? Big mistake. Run.

215 comments ↓

#1 Penny Henny on 10.04.17 at 5:51 pm

You could feel the collective sigh of relief from 45,000 realtors like a warm spring zephyr.-GT

Zephyr- cool car

https://www.google.ca/search?q=mercury+zephyr&dcr=0&tbm=isch&tbo=u&source=univ&sa=X&ved=0ahUKEwiwram4-dfWAhWk7IMKHTVLCHgQsAQIJw&biw=1135&bih=580

#2 Money Miser on 10.04.17 at 5:55 pm

A near guaranteed 1% increase in interest rates plus a 2% stress test for getting a mortgage by the end of next year. 2019/20 is looking like a great buying opportunity!

#3 TnT on 10.04.17 at 5:59 pm

Gender Identity is being removed from Birth Certificates at the same time Gender Identity is being used for Taxing.

Suck & Blow…. suck & blow…

#4 Gender Equity on 10.04.17 at 6:01 pm

Gender Equity or Gender Equality?

#5 crowdedelevatorfartz on 10.04.17 at 6:01 pm

“swelling like a lovestruck blowfish.”

++++++

That is a keeper!

#6 Social Justice Worrier on 10.04.17 at 6:04 pm

Somebody should really hire pro-black activist Desmond Cole to dispute the fact that white and female public sector teachers comprise of at least 70% of the Sunshine List related to public education, excluding post-secondary.

#7 Screwed Canadian Millenial on 10.04.17 at 6:04 pm

Do you make more than $250,000?

No. I don’t. Neither do the other 99.2% of Canadians.

http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/famil105a-eng.htm

#8 Asterix1 on 10.04.17 at 6:05 pm

TREB and those 45,000 GTA realtors are trying to deceive the public with lots of juicy advertisement dollars supplied to our broke (both financially and morally) media.

It just stinks of desperation, a last stand of sorts, one that will not succeed but end in carnage and oblivion for those working as real estate agents.

Most research points that there is a 97% probability that computers (automation) will replace these real estate agents.

Your time and lies are up!

#9 X on 10.04.17 at 6:06 pm

For the love of God I do not get this government….

#10 HanMan3000 on 10.04.17 at 6:06 pm

September stats are now available on http://TorontoRealEstateCharts.com

Enjoy!

#11 Penny Henny on 10.04.17 at 6:07 pm

SFH-no body wants them now.
Great properties and great areas still going strong, all others are dead.

Condos- stronger then ever maybe? Prices good, volume good.

My prediction at the end of May was that average prices would not see a decrease YOY until December.
Let’s see how I fare?

#12 Screwed Canadian Millenial on 10.04.17 at 6:08 pm

Liberal Government’s Tax Proposals Divisive But Not Hurting Support, Poll Suggests
http://www.huffingtonpost.ca/2017/10/03/liberal-governments-tax-proposals-divisive-but-not-hurting-support-poll-suggests_a_23231641/?utm_hp_ref=ca-homepage

#13 Danny on 10.04.17 at 6:14 pm

Garth
Nice to hear your comments about the Government being balanced…….by saying “good change ”
Maybe citizen participation sometimes works…..time will tell when Morneau unfolds the proposals.
Have to admit that under Czar Harper…..citizen input would not even made it to first base.
Good to know also that because of your dedicated blog you encouraged Canadians to speak up.
Besides street protests….democracy between elections can be encouraged and keep Canadians informed to voice positive feedback.
Too bad now our neighbors south have Czar Trump….only embarrassing slurrs………about people’s mothers….”Crude “angry man baby just can’t show much kindness with his foot in his mouth again…….calling lost of life in Puerto Rico…..”not as bad”….expect much better from “politician Trump “

#14 Screwed Canadian Millenial on 10.04.17 at 6:14 pm

#10 HanMan3000 on 10.04.17 at 6:06 pm

http://TorontoRealEstateCharts.com

Great site. Great charts.

#15 Trojan House on 10.04.17 at 6:17 pm

#7 Screwed Canadian Millenial on 10.04.17 at 6:04 pm

That’s why taxing the 0.8% will never generate enough revenue to make everyone “equal” no matter how much politicians say the rich need to pay their fair share.

#16 Looney Baloney on 10.04.17 at 6:19 pm

Are you now, or ever have been, a man? Big mistake. Run.

I will, thanks. Just got an offer from down south. Double what I make here, plus I get paid in almost real money (USD). Company sponsors green cards for the whole family, paid vacations, flexible work hours, matched contributions, and pays 100% of health premiums. Added bonus of living in a small town of about 30,000, so cheap housing. Dovetails nicely with the Citizenship changes the Feds rolled out in June, which mean I retain Canadian citizenship without actually having to live here. Won’t be back here even on a paid vacation until the current libtard crew is booted out.

#17 Hans on 10.04.17 at 6:19 pm

Any gender bias can be dealt with using the liberals own rules. Aiming for gender parity? Awesome. Put a wig on and bam, Im trans, one of those marginalized group we worry about. Youre not about to tax a disadvantaged group are you Mr.Tru-duh? Do I smell a charter complaint?

#18 Terry on 10.04.17 at 6:19 pm

I just deleted my news web link to the Globe & Mail and replaced it with Fox news!

Go Trump!

#19 Stone on 10.04.17 at 6:21 pm

Buoyant as a fat brick. LMAO

I love reading this blog every day. It’s comedic relief. Thanks Garth. You raise my spirits on some days where it’s a hard day slogging at the job. Much appreciated.

#20 Bob Dog on 10.04.17 at 6:23 pm

Ah, the Globe & Mail. Canadian version of Faux News.

#21 -=jwk=- on 10.04.17 at 6:24 pm

Will make the call on becoming a one employee no risk small business when I see what the changes are. if I can income sprinkle, its small business for me. Why leave money on the table if it is ‘legal’ to cheat?

Mortgage just passed through 2x annual income, in a city without a boom.

The real pain is having to trade in my MINI Turbo for a KIA because our kids are too big :(

#22 Blobby on 10.04.17 at 6:25 pm

Why on earth does someone’s genitals matter when it comes to tax. Surely there’s inequality if you treat people different based on what’s between their legs?

Guess I’ll start identifying as a woman for tax purposes.

#23 Linda on 10.04.17 at 6:26 pm

Gender equity? What the heck are they smoking – oh, wait, this federal government is all about legal marijuana so obviously they are sampling the product. For quality control reasons only, of course – & they don’t inhale.

Hopefully if they do try to enact tax legislation based on gender the courts will squash them, because that is a clear case of discrimination (based on sex) if ever I heard one.

#24 Screwed Canadian Millenial on 10.04.17 at 6:28 pm

#15 Trojan House on 10.04.17 at 6:17 pm

Well you gotta go where the money is. Maybe the corporations reaping billions in profits and hoarding it offshore can pay up a little more.

Super rich hold $32 trillion in offshore havens
http://www.reuters.com/article/us-offshore-wealth/super-rich-hold-32-trillion-in-offshore-havens-idUSBRE86L03U20120722

Corporate Canada is sitting on $680 billion, 85% of Canadians say raise corporate taxes
https://pressprogress.ca/corporate_canada_is_sitting_on_680_billion_85_canadians_say_raise_corporate_taxes/

Maybe we should get wages up for the other 99%? Especially the bottom half making under $35k. Last I heard, we have a 70% consumer economy.

#25 Robert White on 10.04.17 at 6:31 pm

Gender Equity is an extremely important policy requirement for any & all Canadians that want governance promoting fairness with respect to the population of CANADA. Only in the investing class do we find complete & controlled opposition to the idea that governance must balance opportunity for those that may be farthest from the money supply or the public trough. Conservative governance would likely want to abandon all government programmes that did not enrich the propertied classes whereas the more benevolent Liberal Party of CANADA is adept enough to make Gender Equity a policy priority so that it is acting responsibly to provide opportunity where a neoconservative would likely not. I, for one, would rather avoid the social contagion that would spread if BIG L Liberal programmes were reduced for purposes of fiscal austerity under any sort of conservative rule going forward. At least we can be assured of at least two terms for Trudeau before any of the neocons will inch forward.

RW

#26 Rudygq on 10.04.17 at 6:33 pm

Another month, another bevy of real estate reports for the masses to over dissect…yawn!. What is more telling is the lesser covered news of RioCAN (Canada’s largest REIT) divesting itself of much of its retail holdings particularly in smaller cities and concentrating on big city centers for live/work/play hubs. It is more telling of the Canadian retail economic outlook for suburb retail stores (in light of online stores) and also the growing signal that Millennials are content with renting and having lifestyle in these ‘hot’ neighbourhood centers.

#27 Ian on 10.04.17 at 6:35 pm

Talked to a source today about Happy Stress Test.

Says the rules being drafted are very complicated (I’m still not understanding that), and timing will be early 2018.

#28 MSM-Free Zone on 10.04.17 at 6:36 pm

“…..Tentatively, it looks like the worst is over for the Toronto housing correction,” Bank of Montreal economist Sal Guatieri said…..”

“worst”? Only a banker would celebrate the demise of affordable home ownership.

#29 Gender Neutral Toronto Liberal on 10.04.17 at 6:37 pm

Listen to thy hypocrisy of thy hypocrites!

Gender neutral washrooms so that men will have to put up with women’s cupcakes and cinnamon scents.

Gender neutral elementary school washrooms so that a grown man can identify himself as a little girl and show his, sorry,

I mean it’s [email protected]#$%^&*() apparatus, in the washroom in front of little girls, and if you have anything against that, Trudeau will send armed police after you, and Morneau will find some way to tax you.

Thy hypocrisy of pro-feminist Canada!

#30 brain drain on 10.04.17 at 6:39 pm

#16 Looney Baloney

Out of curiosity, what job makes more than double in the US than in Canada?

#31 Ian on 10.04.17 at 6:39 pm

Maybe Tax Fairness will redirect the 1-800 number for CRA to reach the Morneau Shepell 1-800…but only for men making over $250k who will now need more sophisticated pension planning.

They can hire the project managers who worked on the Phoenix pay system to help, once they’re done overbilling on that one.

#32 rainclouds on 10.04.17 at 6:45 pm

#12 SCM

The Huffington Post. That’s your source. And you want to be taken seriously. ……….Yes you are getting screwed but you and your ilk are doing it to yourselves believing the superficial pap spewed by “progressive” fish wrappers.

On a more relevent matter.

Willing to bet Billy Bob won’t be sticking his neck out for gender equality boy any time soon. Bridge has been incinerated. This gender idiocy has Butts smelly little hands all over it.

Boomers are gonna vote to turf the libs. Millenials of course don’t participate in elections cause……what’s the point?

So predictable.

#33 Reality 1 on 10.04.17 at 6:47 pm

Does this mean that they are going to tax people at different rates according to their gender ?

If not, could Garth or someone please explain the potential ramifications of such a policy / regulation ?

Maybe I am a bit thick, but I don’t understand the implications and am seeking clarification.

TIA

#34 Howard on 10.04.17 at 6:47 pm

There is anecdotal evidence that the banks have gotten ahead of the anticipated stress test and are evaluating mortgage applicants based on the prime + 2 percentage points formula. So isn’t it possible that some of the effect of the stress test is already baked in to these slumping sales figures?

#35 JustMe on 10.04.17 at 6:50 pm

The housing bubble in Sweden is so severe there is a shortage of toilets

With interest rates negative, Swedes are getting mortgages and putting the cash into stocks and bonds rather than paying down the debt.

There is fierce demand for housing in Stockholm, but rising prices restrict supply. The effect is that poorer people have to share smaller spaces. So they have fewer toilets between them.

“If I needed to go to the toilet in the morning, I would have to wake up one hour earlier for my turn,” said Jean.

Reuters reports that in Stockholm a one-bedroom basement flat currently costs $880,000 U.S.

http://uk.businessinsider.com/sweden-house-prices-bubble-2016-1

#36 When Will They Raise Rates? on 10.04.17 at 6:52 pm

Are you now, or ever have been, a man? Big mistake. Run.

Or, for tax purposes, simply “identify” as a woman – or whichever of the 63 genders for which they wish to promote “gender equity”.

#37 BS on 10.04.17 at 6:52 pm

Conduct a gender-based analysis on finalized proposals, to ensure any changes to the tax system promote gender equity. About 83 per cent of passive investment income is earned by Canadian-controlled private corporation owners making more than $250,000. About 70 per cent of these individuals are men.

What this says is men pay way more taxes than women. There are two options to make this gender equal. Increase taxes on women or reduce taxes on men.

#38 Genitals not equal to gender in Toronto! on 10.04.17 at 6:53 pm

If you’ve ever attended or seen those Pride rallies in downtown Toronto, you may have noticed a gender neutral man who identifies itself as a woman. He is either holding a sign genitals does not equal to gender, or he is sometimes nude trying to prove that its genitals does not equal to his gender neutral identity.

Downtown Toronto is one sick, depraved and illicit city….I will refuse to use a gender neutral washroom or identify myself as a little girl to gain access to their locker room or elementary school changing rooms, unlike most men of the LGBTQ spectrum living in downtown Toronto…..
Pro-Pride Trudeau and Morneau are only part of the problem in Canada.

#39 mitzerboy aka queencitykidd on 10.04.17 at 6:55 pm

i am neither + or –
i’m just a luv machine

#40 Screwed Canadian Millenial on 10.04.17 at 6:55 pm

#27 rainclouds on 10.04.17 at 6:45 pm

It’s a poll done by Ekos and Canadian Press. Lol you people are so pathetic. You’ve been completely programmed to not even read articles and just dismiss them based on the source. All you head to do was take 1 minute, read the article and you would have seen where the poll came from. Instead you chose to embarrass yourself. Typical conservative.

“The Ekos-Canadian Press survey suggested that, based on what people know of the idea, 49 per cent of respondents support it, while 44 per cent are against.”

“Of those surveyed, 52 per cent said they support the Liberal argument that the changes will create a fairer tax system, while 40 per cent agreed with a statement that the changes amount to a tax grab.”]

#41 Howard on 10.04.17 at 7:01 pm

Conduct a gender-based analysis on finalized proposals, to ensure any changes to the tax system promote gender equity. About 83 per cent of passive investment income is earned by Canadian-controlled private corporation owners making more than $250,000. About 70 per cent of these individuals are men.

Speaking of gender equity. You know, I have to admit. After millions of women elected a hollow-headed Peter Pan because they liked his rear end, I started to question the wisdom of the suffrage movement.

No, I’m not serious but….really ladies? Can you please not vote based on hormones next time?

#42 leebow on 10.04.17 at 7:02 pm

Garth, how will they qualify investment as passive?
By the number of trades in a year, turnover? What about rental RE inside of a corp, is that passive investment?

#43 Howard on 10.04.17 at 7:06 pm

#33 Reality 1 on 10.04.17 at 6:47 pm
Does this mean that they are going to tax people at different rates according to their gender ?

—————————–

I think what it means is that the Liberals are going to avoid tax policy that hurts groups that are disproportionately female, and target groups that are disproportionately male.

Ironically this means that the most sympathetic group in this debate – the doctors – might be off the hook. Female medical students and young doctors far outnumber the men. As the old guard retires, women will be firmly in charge of the medical profession in Canada, save perhaps for surgical specialities.

It doesn’t mean that men and women in identical employment situations will be taxed differently. Not even the Liberals could pull such a dangerous stunt.

#44 2 CentsCanadian on 10.04.17 at 7:07 pm

Jeezuzz! This just keeps getting weirder and weirder. Bull dog gavel pounding threats …. then back pedalling. WTF! The drama is killing me. Take 90% of the 1% ‘ers (and my) income ….. it won’t offset the problem. Basic math proves this. If you’re trying to chip away at balancing the budget and grow the economy, create a business environment where entrepreneurs can give it a good go … and if a few make a lot of money … leave them alone. But if you’re trying to stir up [email protected], empower the self pity whiners and grow class divisions …. keep on this track. Knowing my fellow Canadians ….. attacking the “rich cheats” (or hard working, disciplined, goal oriented, often smart people as I prefer to call them) is a good strategy to get re-elected. And maybe that’s the real goal here. Bamboozling the masses has worked well in history.

#45 Doug t on 10.04.17 at 7:10 pm

I’m going to jump on a millenial bandwagon here by now claiming I want to be recognized as a non-gender “them”, claim my spirit animal as Bigfoot, order my PTSD parrot and just to totally cover my man tracks stop wearing Old Spice

RATM

#46 JustMe on 10.04.17 at 7:14 pm

The housing problem isn’t supply, it’s unsustainable foreign demand

The ratio of population to housing units in Greater Vancouver has been falling for the past 20 years or so. Housing starts have surged recently, to their highest point in over 25 years, even while net migration into Vancouver has declined in recent years.

So how can a spike in housing prices, including condo prices, be explained by supply? As anyone with a basic familiarity of Economics will tell you, they can’t. It has to be a surge of demand.

Leading columnists and academics have recognized the role of foreign demand. Canada’s big banks are also being clear that foreign demand is a major issue and urging policy action to regulate it.

The approximately $1-trillion (U.S.) flowing out of China can largely account for the past year’s surge, and a continuous flow of foreign money through the Business Immigration Program can mostly explain the “decoupling” of the housing market from local incomes before that.

https://beta.theglobeandmail.com/report-on-business/rob-commentary/housing-costs-are-rising-but-its-not-a-supply-issue/article30380106/?ref=http://www.theglobeandmail.com&

———————————————————————–

Vancouver real estate: is it supply and demand, or foreign capital?

UBC professor Tom Davidoff: “It’s very hard to think that anything other than outside capital flows are driving unaffordability right now”

The theory that Vancouver’s land constraints and population increase were the main factors behind the price increases made sense until prices jumped sharply, said Tsur Somerville, another professor.

“The only thing that you can point to that’s changed are two things: one, the lowering of the Canadian dollar and two, a massive change in the official currency reserves in China,” Somerville said, referring to a sharp increase in wealthy individuals and companies trying to get money out of China in response to that country’s economic slowdown.

https://www.biv.com/article/2016/2/vancouver-real-estate-it-supply-and-demand-or-fore/

#47 rainclouds on 10.04.17 at 7:15 pm

#38 genitals

Here in Vanstupid the annual pride parade gets “in excess of 100,000 revelers” the numbers of are mportant as a certain threshhold assures the city pays for policing, sanitation, Garbage collection. The city is “Progressive” so it fits with the collective mindset.

Small problem. Crowd estimates by credible independent sources peg it at 35k. Ergo funding should come from the pride organization. Houston we have a disconnect and it is costing taxpayers. Truth is the first casualty. “Progressives” are imbeciles.

Never mind ……..I’m the problem

#48 Looney Baloney on 10.04.17 at 7:18 pm

#30 Brain drain

https://stackoverflow.blog/2017/09/19/much-developers-earn-find-stack-overflow-salary-calculator/

#49 Frank on 10.04.17 at 7:19 pm

Corporate taxes have to compete with other countries. You’d have to get agreement from most countries to have the same higher corp tax. Regardless of the 85% make the rich pay faction.

$250 K is enough to make exit plans but hardly rich. Its about $200K USD, half of what the 1% south of the border makes.

#50 DON on 10.04.17 at 7:22 pm

But at the real estate board (and the Globe), it’s all ponies and sunshine. Says the boss there: “The improvement in listings in September compared to a year earlier suggests that home owners are anticipating an uptick in sales activity as we move through the fall. Consumer polling undertaken for TREB in the spring suggested that buying intentions over the next year remain strong. As we move through the fourth quarter we could see some buyers moving off the sidelines, taking advantage of a better-supplied marketplace.”

Polling in the spring? When prices were frothing higher 30% a month? Is there a whiff of desperation in the air, or did Bandit just have an accident?
*******************

So the real estate guru – i mean trained fibber based his comments on a survey conducted in March while sentiment was hornier than ever. Maybe just maybe the increase in listings has something to due with 4 negative housing months and people wanting to list to get the hell out fast.

The globe and mail is a laugh.

#51 BS on 10.04.17 at 7:24 pm

#43 Howard on 10.04.17 at 7:06 pm
#33 Reality 1 on 10.04.17 at 6:47 pm
Does this mean that they are going to tax people at different rates according to their gender ?

—————————–

I think what it means is that the Liberals are going to avoid tax policy that hurts groups that are disproportionately female, and target groups that are disproportionately male.

More sucking and blowing by the government. On one hand they want women to make more money and work in sectors that allow them to make more money. On the other hand they will tax those sectors more which will discourage women from pursuing them.

Again typical left wing thinking. Bring everyone down to make us all equal.

#52 conan on 10.04.17 at 7:27 pm

Are you now, or ever have been, a muskrat? Big mistake. Run.

http://www.cbc.ca/news/politics/rcmp-mounties-muskrat-hats-1.4327556

#53 crowdedelevatorfartz on 10.04.17 at 7:28 pm

@#9 X
“For the love of God I do not get this government….”
*******

Just put the letter “X” on your next passport where it says “Gender”
Then you’ll understand

#54 AGuyInVancouver on 10.04.17 at 7:29 pm

#38 Genitals not equal to gender in Toronto! on 10.04.17 at 6:53 pm
If you’ve ever attended or seen those Pride rallies in downtown Toronto, you may have noticed a gender neutral man who identifies itself as a woman. He is either holding a sign genitals does not equal to gender, or he is sometimes nude trying to prove that its genitals does not equal to his gender neutral identity.

Downtown Toronto is one sick, depraved and illicit city….I will refuse to use a gender neutral washroom or identify myself as a little girl to gain access to their locker room or elementary school changing rooms, unlike most men of the LGBTQ spectrum living in downtown Toronto…..
Pro-Pride Trudeau and Morneau are only part of the problem in Canada.
_ _ _
So Garth let’s this unhinged rant stand, while shaming as others as racists?!

#55 Chaddywack on 10.04.17 at 7:32 pm

My brother listed his house in Surrey at $799k to try and spark a bidding war. One offer at list price that he didn’t accept.

He then raised the price to $825k and 3 days later got multiples and it sold for list price, all cash, to a foreign buyer (resident of India).

I was so shocked that someone paid higher on a listing when the price was raised, but maybe they know something we don’t……or maybe the guy from India got hosed.

Either way I hate to say it, but Vancouver still seems hot.

#56 conan on 10.04.17 at 7:37 pm

I do not think many of these mini-corporations will leave.

Do you think these people will move to the States and build up a client base from nothing ? It has always been hard to get new clients , but in today’s economy, it is even more difficult.

Most will stay in Canada and milk their well run money mach……errr corporations for the easy dollars.

#57 rainclouds on 10.04.17 at 7:39 pm

#40

to clarify. You produced a link to a poll without the specific questions asked. “Of people based on what they know at this time” and I’m supposed to give it, and you, any credibility ?

And I’m “programmed”

OK troll.

#58 crowdedelevatorfartz on 10.04.17 at 7:39 pm

@#40 Totally Screwed Canadian Millennial
“It’s a poll done by Ekos and Canadian Press. Lol you people are so pathetic.”

+++++

Leagalized Pot meet Kettle

You Millenials are so cute.

You actualy believe a poll 2 YEARS from election time will mean anything once voters are in the booth?
Oh. Right. Millenials dont vote. Never mind.

By the way. I have some swamp land in Puerto Rico for sale………Interested?

#59 Bob on 10.04.17 at 7:40 pm

#9 “For the love of God I do not get this government….”
____________________________________________

God has nothing to do with what’s going on…social justice baby, social justice….

Welcome to the new Canada.

#60 JustMe on 10.04.17 at 7:42 pm

Vancouver’s Housing Affordability Crisis:
Causes, Consequences and Solutions

Josh Gordon – Assistant Professor, School of Public Policy, Simon Fraser University

2.7 Evidence for Foreign Investment as the Main Culprit

Taken together, the evidence from Sections 2.1-2.6 suggests that there is a lot of ‘explaining’ that remains to be done if we are to account for Vancouver’s very high housing prices. The remaining culprit, foreign capital, is investigated on that basis in what follows. As it turns out, there are strong grounds for indicting it as the major cause of the crisis. I look primarily at three related pieces of evidence: the history of the Business/Investor Immigrant Program, the studies of high-end home buying, and recent patterns of capital movement and prices.

In what follows I emphasize foreign investment from China. I do so not because I want to ‘single it out’ or because there is something particularly bad about it. I do so because in order to build a convincing case for the role of foreign money we simply must recognize the specific source.

In addition, this continuous flow of money from abroad, combined with inaction and disinterest on the part of Canadian governments, has created expectations of continuously rising prices, which has only served to intensify the demand pressures, in this case from locals who seek to ‘jump in’ to the housing market even on very disadvantageous terms.

http://www.sfu.ca/content/dam/sfu/mpp/pdfs/Vancouver%27s%20Housing%20Affordability%20Crisis%20Report%202016%20Final%20Version.pdf

#61 A Yank in BC on 10.04.17 at 7:46 pm

#16 Looney Baloney

“Dovetails nicely with the Citizenship changes the Feds rolled out in June, which mean I retain Canadian citizenship without actually having to live here.”

Huh? Since when did a Canadian citizen have to live in Canada to remain a citizen?

#62 Mountain Dew on 10.04.17 at 7:49 pm

There’s something not right about the storyline of real estate carnage being presented by this blog. I live in Metro Vancouver, everything is up, especially condos. My brother lives in Niagara Falls and just got his house appraised at $375K, up from $106K when he bought in 2008 — that’s a three and a half times increase in less than 10 years. Wowzers.

#63 bigtowne on 10.04.17 at 7:56 pm

Small business is crucial to our family. My husband need a foot doctor. I need a hair salon; a nail salon; more than one medical doctor; massage therapist; retail outlets and the lists goes on and on. All of the above are necessary and used more than once a year and are not government positions so up here in Canada a cold and dark part of the American continent my push is to treat these valuable players with “respect”. Not sure why we all have to be poor but the liberals are a funny and wacky bunch.

#64 Rexx Rock on 10.04.17 at 8:06 pm

Don’t worry they won’t raise rates and may lower them like they did a couple of years ago.Hey in Victoria there is still bidding wars and the homeowner has a open house Friday and the weekend.The homeowners looks at all offers Monday evening then decides with the highest offer with no restrictions,the norm.
Very sad times in Victoria,a rental crisis is in effect and many renters are falsely accused so the land lord can kick them out and raise the rent.To many people want to come to paradise but its so expensive and no where to rent unless you buy.

#65 Smoking Man on 10.04.17 at 8:10 pm

What’s with the Gender shit. Only 3 genders.

1 Dudes who use there bodies as human shields to protect there loved ones when snipers are firing machine guns at them.

2 A loving woman who is so greatfull to be with a real man when under fire.

3 all the left over freek shows.

#66 Millenials on 10.04.17 at 8:11 pm

Garth,

You have lost all objectivity. is oit really that hard to say that sales were down but prices increased?

You are so emotionally invested in this issue that you would be considered fake news.

Prices are 15% below the peak and sales are in a steady decline. How hard is that to comprehend? I guess you bought recently. My condolences. — Garth

#67 Ian on 10.04.17 at 8:16 pm

Hey SCM Ontario starts its universal basic income pilot soon! Did you sign up?

#68 HellYeah on 10.04.17 at 8:16 pm

Mr. Turner, You (supposedly, mostly) filter the racist BS in the comments section, but today it’s apparent that the same doesn’t hold for comments that are vehicles for misogyny, homophobia or transphobia.

Women are still discriminated against. Full stop. It f*n sucks, but it happens. So we need the infrastructure in place to prevent or compensate for this.

I don’t even know what to say to the commenting homo/trans phobes, except that you need to open your eyes. The world is bigger than you, and is moving forward without you. The rest of us see you in the rear view mirror, waving your hetronormative flag, as we leave you behind.

Imagine being a wealthy male transpohobe entrepreneur with hetronormaive tendancies accused of misogyny. Run. — Garth

#69 Smoking Man on 10.04.17 at 8:24 pm

Do you make more than $250,000? Are you now, or ever have been, a man? Big mistake. Run.-Garth

If your a white man who just found god. Full on Jesus freek by the looks of things. It’s what Jack told me to do when only one eye was operational. Dont need two to see whats going on here. Why has your business not relocated to the USA yet.

For globalists confiscation to be successful it must turn everyman in the target nation into frightened little feminist under machine gun fire.

Moving to Florida next week. Got my MAGA bummer sticker on the car. Already found a good church.
Networking.

#70 Screwed Canadian Millenial on 10.04.17 at 8:34 pm

#58 crowdedelevatorfartz on 10.04.17 at 7:39 pm

You actualy believe a poll 2 YEARS from election time will mean anything once voters are in the booth?
Oh. Right. Millenials dont vote. Never mind.

————————————-

MRW reading your post. https://imgur.com/eAks0D5

We’re not talking about 2019 election polls. We’re talking about polling regarding the loophole elimination tax changes that Garth has declared Jihad against.

Cmon guys smarten up. What is wrong with you people? It’s like you don’t even know how to read.

#71 Screwed Canadian Millenial on 10.04.17 at 8:36 pm

RCMP casino money laundering probe uncovered alleged ‘terrorist financing’ links
http://vancouversun.com/news/local-news/rcmps-casino-money-laundering-probe-uncovered-alleged-terrorist-financing-links

Canada is nothing more than a money laundering operation for foreign gangsters (not naming any countries…) and literal terrorists.

Way to go Canada. So progressive.

It’s pathetic how far downhill this country has gone in my lifetime.

All so boomers can see their housing value go up.

#72 Stone on 10.04.17 at 8:37 pm

Too much talk about genitals tonight. It’s going to give me nightmares tonight.

I’d rather talk investment portfolio. Last Friday, overall return with distributions included was 5.75%. So far, the first 3 days of this week have been great. 6.24% on Monday, 6.34% the following day and today 6.72%. These last few weeks have been amazing. And more dividends coming in Friday. Those dividends sure are addictive. Loving those ETFs. Fixed income component top heavy on pref shares with rest short term bonds have been a boon. I was a bit worried earlier in the year that I had been too aggresive with the pref shares but they sure are paying off. Fingers crossed for the rest of this year.

#73 Screwed Canadian Millenial on 10.04.17 at 8:42 pm

I would tax the sh*t out of dividends.

Time for bed, son. Night. — Garth

#74 TnT on 10.04.17 at 8:49 pm

#38 Genitals not equal to gender in Toronto! on 10.04.17 at 6:53 pm
If you’ve ever attended or seen those Pride rallies in downtown Toronto, you may have noticed a gender neutral man who identifies itself as a woman. He is either holding a sign genitals does not equal to gender, or he is sometimes nude trying to prove that its genitals does not equal to his gender neutral identity.

Downtown Toronto is one sick, depraved and illicit city….I will refuse to use a gender neutral washroom or identify myself as a little girl to gain access to their locker room or elementary school changing rooms, unlike most men of the LGBTQ spectrum living in downtown Toronto…..
Pro-Pride Trudeau and Morneau are only part of the problem in Canada.

****

You are an absolute ignorant fool.

First I would have expected this post to be deleted but in truth it is better to see the anonymous ignorant ugliness that exists.

Let’s shine a light on these people and hold truth to power.

Have the debate in regards to your own title.

Do Genitals = Gender? Is it so far beyond your own understanding of human biology that a person could be born with male parts but identify as female?

Do some research instead of holding so dear your ignorance.

#75 Smoking Man on 10.04.17 at 9:00 pm

#73 Screwed Canadian Millenial on 10.04.17 at 8:42 pm
I would tax the sh*t out of dividends.

Time for bed, son. Night. — Garth
…..
Thank god he hasn’t discoverd Jack Daniels yet

#76 For those about to flop... on 10.04.17 at 9:02 pm

Did anyone see the bonfire on the news this morning?

The company’s workshop that burnt down is working on the house I am plugging away at…

M43BC

“This Map Proves Freelancers Aren’t as Poor as you Think

Freelancing is on the rise. Fast Company reports that 55 million Americans worked as freelancers last year, and the Pew Research Center recently found that 24% of all Americans moonlight in some sort of capacity. Since more people are ditching traditional corporate jobs and striking out on their own, it’s worth asking: how much money do freelancers need to make to enjoy a reasonable standard of living? We created a new map to find out.”

https://howmuch.net/articles/where-freelancers-can-afford-to-live

#77 Reality 1 on 10.04.17 at 9:06 pm

to # 70 Screwed Canadian Millennial

Right back at ya.

C’mon SCM smarten up. What is wrong with you SCM? It’s like you don’t even know how to think.

You’ve got me convinced – you really are an irredeemable putz.

#78 morrey on 10.04.17 at 9:06 pm

“Greater Vancouver home prices to drop 21 per cent by 2019: analysis Technical charts point to prolonged house price slide, technical analyst contends” Sell now and buy at new lows.
http://www.vancourier.com/news/greater-vancouver-home-prices-to-drop-21-per-cent-by-2019-analysis-1.23054072#sthash.5EvLvuFC.uxfs

#79 VICTORIA TEA PARTY on 10.04.17 at 9:08 pm

THE “DIVINE RIGHT TO RULE” PARTY SHIFTS GEARS

Here’s another reason why the federal Liberal Party has won more general elections since Confederation in 1867 than any other national political party:

It mainly has to do with the incompetence of its political opponents, with last weekend’s selection by the NDP of a new leader being the latest example.

Jagmeet Singh, a former Ontario provincial MPP, let slip a major clanger.

In an interview on the Communist Party People’s Broadcasting Network, the CBC, Mr. Singh bragged twice that he WILL be the next prime minister of Canada.

He scared the crap out of most of the electorate and gave the rest, the NDPers, white knuckles.

Then he bloviated the usual left-wing aphorisms of redistribution, gender rights and the all the rest of it.

What never occurred to this federal political neophyte is that he threw another political neophyte, a certain Mr. Trudeau the Younger, a life-line that assures him of a 2019 landslide re-election victory.

Why?

This Liberal government income tax tsunami was thought up because Trudeau feared the lefties who voted for him in 2015 would wander back to the NDP lines for 2019 thus likely defeating him.

But the Liberals now have the measure of Mr. Singh and the rest of the NDP loser-rabble (the NDP is Canada’s national loser party. Just look at their tacky electoral history).

This means that Canada’s small and medium businesses will not be lined up against the wall and “shot.”

They’ve been saved by the NDP’s main and only hope for some kind of electoral future for his party in a country where most voters are still of a more conservative-minded attitude than not.

As for the finance department’s gender-based analysis of how many men are private business types, I think that MUST be allowed to slip away along with any other proposed bad ideas.

They had damned-well better do so.

While the Liberals wrote the books on political arrogance and policy matters, they are NOT stupid. At all.

#80 Reality 1 on 10.04.17 at 9:14 pm

to # 174 TnT

Triggered much ?

Why not just scroll past these posts instead of passing your SJW / PC opinion with ad hominems.

You must walk around in a permanent state of outrage the way you carry on about some anonymous post.

Do you react to everything that you don’t agree with in this manner ?

You are dumber than the poster that offends you in that you respond to his nonsense and in fact are deeply offended by it.

Ever heard of the term “Tinker’s damn” ?

#81 RealityTruth on 10.04.17 at 9:27 pm

Garth, how about you or somebody you know just post the historical charts until now. It’s very easy to confuse everyone with a bunch of number in an article. When we can just look at the historical chart, you can’t cherry pic stats and compare it to cherry picked historical points, because it’s ALL there. So stop typing and start graphing!

#82 Trojan House on 10.04.17 at 9:28 pm

Last I heard we were up to about 96 genders. They’re going to have to open a whole new department at CRA.

#83 OttawaMike on 10.04.17 at 9:28 pm

Just came back from an Oktoberfest/German heritage celebration at one of the govt. centres along Wellington, across from parliament. It was hosted by the German embassy and the Kitchener area MP’s.
Airport style security to get into these buildings with full on body searches and x-ray machines.

The lobbying that goes on is astounding. Downstairs from my event was a full on piss-up by the brewers association of Canada for MP’s and senators. Lots of beer flowing and projectors touting how many jobs their crappy beer makes for Canadians.
In the adjoining building was a Chinese cultural event again aimed at the elected officials with food and festivities.

Free booze and food for me too at the German event, so who am I to complain?

#84 Geek on 10.04.17 at 9:30 pm

Good similies today, Garth!

#85 Hiding On the Backstreets on 10.04.17 at 9:33 pm

Predictions are difficult, especially about the future. Jim Rickards, who has a track record of being right concerning of a lot of FedRes currency manipulation blunders, thinks the U.S. won’t raise rates this year.

https://dailyreckoning.com/watch-feds-new-guard-not-old/

If so, will the BoC raise rates?

#86 Vancouver on 10.04.17 at 9:35 pm

As always, I skipped the fake news by Globe and Mail and went straight to Garth’s comments on the subject of real estate “rising” again in Ontario. Thanks Garth! As for Vancouver, condos are still doing really well, part due to FOMO of the people who choose to live here, but also due to the foreign money that has distorted the market.
Thank you # 46 & #60″ Just Me for prof. Josh Gordon’s research on the subject. And, just in time, the new Parq Vancouver Resort and Casino now opened near you! Welcome to Vancouver!

#87 Spock on 10.04.17 at 9:35 pm

#71 Screwed Canadian Millenial on 10.04.17 at 8:36 pm

You are right as always. Canada has been going downhill ever since you graced us with your presence in Canada. Most wish it was back to where it used to be before all your whining and crying babies came along.

And it will continue to go down more same as the money in your bank account and opposite of the whining / crying / complaining combo that you go through each day.

————————
#71 Screwed Canadian Millenial on 10.04.17 at 8:36 pm

It’s pathetic how far downhill this country has gone in my lifetime.

#88 JustMe on 10.04.17 at 9:38 pm

#79 VICTORIA TEA PARTY

It mainly has to do with the incompetence of its political opponents, with last weekend’s selection by the NDP of a new leader being the latest example.

—————————————————————————–

I recently heard the story of why a friend’s millennial relative voted NDP. The reason was because “orange is a happy colour”. The supposed incompetence of the NDP may not be a factor in the next election. Millennials are now the biggest generation in the Canadian workforce.

#89 Fuzzy Camel on 10.04.17 at 9:47 pm

Trudeau’s quest to make sure both genders earn the same is doomed to failure.

A lot of people are lazy. Wealth isn’t easy to obtain, it requires hard work, discipline and patience. It is easier to simply try to date or marry someone with wealth, than to earn it yourself.

Unfortunately for most men, most rich women won’t marry someone who earns less than them. Usually biological hypergamy is still sewn into our DNA.

Fortunately for some women, rich men will marry someone who earns less (or nothing).

You can see immediately why men are willing to work terrible jobs, plumbers, miners, fishermen, garbageman, blog author.

Men have a biological imperative to gain wealth, or, they won’t be attractive to potential mates.

Now, a quick check of the women in my immediate family, shows 4 out of 5 don’t work. 5 out of 5 men work, to support themselves and their wives. This means nothing, but it does show some women are happy to be provided for.

Now, if one was to run the stats, you’d have a disparity in wages in my family. But it’s not one that can be fixed because one gender simply has the option to not work.

#90 the Jaguar on 10.04.17 at 9:49 pm

Just curious if anyone can shed any light on why one media outlet ( Globe&Mail) can carry news feed so fundamentally opposite of another respected media outlet (Bloomberg) and neither one calls ‘bullsh_t’ on the other. (?) Is it because they figure we are all too entrenched in the sports page/front page stories, etc. to notice and it makes more sense to slink back to their lairs or WTF??? If that is the case, maybe we deserve it. Where is Christie Blatchford when we need her..? She is really a bright light. Must be somebody on this blog who works in the belly of the beast of media that can enlighten us.

Also, can blog dogs be reminded of the ‘helpful reminders from your forum host, Garth Turner: at the end of this blog which include::
‘Respectful, wide-ranging discussion on the topic of the posting…’

Some of the recent posts are not in that spirit and seem to be getting a little ‘personal’. Disrespectful. You can roll your eyes at this or re-read your post to see if you might be an offender. SCM – can you at least spell the ‘M’ part correctly? A shift from an attention seeking ‘spoiler’ to an ardent student of life experiences and wisdom from those who have walked the walk might be life changing for you…” Real power is an open mind.

#91 Ian on 10.04.17 at 9:52 pm

I’m mailing a copy of Barry Goldwater’s “The Conscience Of A Conservative” to SCM for Christmas! He will learn a tremendous amount!

#92 TnT on 10.04.17 at 9:53 pm

#80 Reality 1 on 10.04.17 at 9:14 pm

to # 174 TnT

Triggered much ?

Why not just scroll past these posts instead of passing your SJW / PC opinion with ad hominems.

You must walk around in a permanent state of outrage the way you carry on about some anonymous post.

Do you react to everything that you don’t agree with in this manner ?

You are dumber than the poster that offends you in that you respond to his nonsense and in fact are deeply offended by it.

Ever heard of the term “Tinker’s damn” ?

****

Read you own post in the mirror to understand.

You are obviously triggered enough to bring up a post from yesterday topic.

You couldn’t just scroll past it from yesterday’s topic.

You must have been walking around for hours waiting to comment.

Do you react to all my posts?

Based on your reasoning, you are dumber than me to respond to the response of nonsense that obviously offended you.

Tinker’s Damn indeed….

#93 Ian on 10.04.17 at 9:54 pm

And Diefenbaker’s “One Canada” three volume set as well.

#94 Hans on 10.04.17 at 10:07 pm

#68 Hellyeah…
Putting structures in place…..does that mean more or less taxes based on gender? That doesnt sound like levelling a playing field. Sounds more like an excuse to raise taxes in the name of social justice, just like the carbon tax that supposed to fund environment saving ideas like repairing Torontos subsidized housing. Huh? Govt will tax you as much as they can, if you believe the rhetoric then honestly, give your head a shake. This has nothing to do with feminism. This is about adding to the tax roll.

#95 JustMe on 10.04.17 at 10:13 pm

Research Shows Only Men Pay Taxes (net of benefits)

From these graphs in unison, we can see that men do earn more market income, yet they also pay much more in taxes.

There is also an interesting drop in direct tax paid by women in the 40 – 44 age bracket, that the authors of the study point to as being associated with a reduction in taxable welfare benefits for the age group. Most likely due to a decrease in family benefits after child rearing ages. These income benefits derived from the state’s redistribution policies, favor women, with there being a 23% lifetime income support gap.

The results of this is that a profile can be produced for each gender that demonstrates cumulative net fiscal impact per capita by gender and age group:

From the above profile we can see that where as men start to “correct” at age 20 – 24, and arrive in the black for society around 35, women never produce positive income for society. The positive net fiscal impact made by women ages 45 – 59 is simply not enough to outweigh the negative impact they have had on the collective bank account for the preceding 45 years, and retirement age quickly approaches, and women add more negatives to an already negative profile.

https://blacklabellogic.com/2016/12/01/the-social-breach-of-contract/

#96 Hotdogs from Heaven on 10.04.17 at 10:28 pm

#94 Hans on 10.04.17 at 10:07 pm

#68 Hellyeah…
Putting structures in place…..does that mean more or less taxes based on gender? That doesnt sound like levelling a playing field. Sounds more like an excuse to raise taxes in the name of social justice, just like the carbon tax that supposed to fund environment saving ideas like repairing Torontos subsidized housing. Huh? Govt will tax you as much as they can, if you believe the rhetoric then honestly, give your head a shake. This has nothing to do with feminism. This is about adding to the tax roll.
——————————————–

Hans, it’s worse than you think.

Ontario is now part of a cap and trade system with California and Quebec. Since Cali has lots of green companies earning these credits and Ontario has lots more miners and manufacturers creating carbon who will need to buy these credits, we are actually sending our carbon tax dollars to California.

At least a carbon tax like Alberta’s keeps the money in the province where it can be spent on local green energy projects. All Ontario is doing is preparing to send an estimated $1 billion a year to the U.S.

Madness!

#97 Mirabel on 10.04.17 at 10:28 pm

If I were a wife of a doctor, why couldn’t I set up my own company, render all my services to his company through it and then just invoice his company?

#98 Long Branch Apprentice on 10.04.17 at 10:32 pm

#73 Screwed Canadian Millennial

Good thing you’ll never be in charge of anything in your life, and your co-ed Ultimate frisbee team doesn’t count.

Yes, I know that was an ad hominem. That’s the point.

PS: How much dividend income did you make last year?

#99 Nonplused on 10.04.17 at 10:34 pm

“Conduct a gender-based analysis on finalized proposals, to ensure any changes to the tax system promote gender equity. About 83 per cent of passive investment income is earned by Canadian-controlled private corporation owners making more than $250,000. About 70 per cent of these individuals are men.”

So doesn’t that mean 30% of them are women? Is the new logic that any tax policy that sticks men good as long as the “collateral damage” i.e. the women who also get stung are fewer in number? And where is the incentive for women to break through the “glass ceiling” if on the other side is punitive taxes meant to punish the men who were there already?

Anyway getting off the small business taxes sort of for a minute, my friend was boasting that he was ok because his tax rate was only 48%. I told him to wait until 2019. “First they came for the small business owners, and I said nothing….” “Tax fairness” is going to mean a lot more than shafting small business owners if they can get it to sell. They are coming for everybody, just not all at once.

It’s what the $15 dollar minimum wage is about too. It pushes all the teenagers out there earning minimum wage into taxable territory. Then they start reducing deductions and raising the lowest bracket.

They will also raise all the other brackets once they argue that that was fair to small businesses, so it’s fair for everybody. That means by about 2020 we will all be paying higher taxes. The government does not have you, however you are thinking they are on your side because you are special, on a special list they aren’t targeting. They are coming for us all.

Except for Turdeau and Moroneau’s trust funds of course. Those are safe as safe can be.

#100 mathman on 10.04.17 at 10:37 pm

What stops this train is when the lending taps are turned off, which creates the first violent leg down which is very soon. Next step is all those in the RE industry indirectly or direct like you favourite high school graduate who drives a luxury german vehicle (realtor), tighten the wallet. These leads to a significant drop in consumption and after a quarter or two, we see big layoffs.

Second violent leg down for RE, the possibly a long and protracted slow burn as we mean revert to what our housing market should look like based on real wages.

When you have homes in Milton for > 1 Mil, you simply have to laugh.

Math

#101 Looney Baloney on 10.04.17 at 10:48 pm

#61 BC yank

https://www.canada.ca/en/immigration-refugees-citizenship/news/2017/06/bill_c-6_receivesroyalassent0.html

See #2

#102 Victor V on 10.04.17 at 10:52 pm

VIDEO: Rob McLister of RateSpy.com says Ottawa’s proposed new mortgage rules to extend mortgage stress tests to all borrowers could end up doing more harm than good.

http://www.bnn.ca/real-estate/video/mclister-says-stress-tests-could-stress-housing-market~1224017

#103 JustMe on 10.04.17 at 10:55 pm

#81 RealityTruth
Garth, how about you or somebody you know just post the historical charts

—————————————————————————-

September stats and charts for Vancouver:

http://www.rebgv.org/sites/default/files/REBGV-Stats-Package-September-2017.pdf

Average sales price graph is on page 9.

——-

Toronto

http://creastats.crea.ca/treb/

Average sales price graph show on left side of page. As of now it is only updated to August data.

http://www.trebhome.com/market_news/housing_charts/index.htm

——-

Other charts available at:

http://www.chpc.biz/

#104 Last of the Boomers on 10.04.17 at 10:57 pm

@#95
So you are saying that because women get paid less than men for equal work, and therefore they pay less taxes because of a smaller paycheque, they should be blamed for causing more of a burden on society because they have paid less taxes. I’ll have to break that one to the wife!

#105 crowdedelevatorfartz on 10.04.17 at 11:01 pm

@#70 Totally Screwed Canadian Millenial

“Cmon guys smarten up. What is wrong with you people? It’s like you don’t even know how to read”
+++++

Ahhh, yeah I know how to read.
I also know how to read between the lines.
Unhappy people now will vote AnyonebutTrudeau in the next election.
Selfie absorbed, intellectual lightweight, Baby Trudeau and his PC agenda has juuuuuust about run out of steam. Time for him to put his big boy pants on and rule as his poll numbers…. and the economy tank ( duh what a coincidence?)

You should learn how to add.
And put one and one together.

#106 crowdedelevatorfartz on 10.04.17 at 11:05 pm

@#71 Screwy canadian millionaire wanna be
“All so boomers can see their housing value go up.”
++++++++

Yo!
Happy Housing Crash Everyone!

It’s official!

I think someone has you BEAT on repiticious inanities.

Please send plastic soothers to the Millenial Childrens Help Fund of Canada…..we need 4 million of them.

#107 Smoking Man on 10.04.17 at 11:06 pm

Got botted from Seneca Aligany at Salemenca
My crime. Brought the two 8 lbs poodles. Dog haters. I have service dog Internet bought certificates. Not good enought.
Some one is getting fired.

Boycott the dog hatters. Never coming here again.
Never supporting my indigenous brothers that I love again. Not like T2 words.

We drop 500k a year at this property. The machine at work. Trying to trigger me.

So we are in a nice little room on a river.

Life is good.

#108 crowdedelevatorfartz on 10.04.17 at 11:08 pm

@#75 Smoking Man

Re : Financially SCREWED Canadian millennial
“Thank god he hasn’t discoverd Jack Daniels yet”
+++++++

You’re assuming a lot Smokey

#109 Karl Hungus on 10.04.17 at 11:15 pm

You compared sales numbers to the globe headline which talked prices. Come on man, at least keep it consistent.

#110 JustMe on 10.04.17 at 11:16 pm

#104 Last of the Boomers
@#95
So you are saying that because women get paid less than men for equal work, and therefore they pay less taxes because of a smaller paycheque, they should be blamed for causing more of a burden on society because they have paid less taxes.

———————————————————————–

The article states that over their lifetime, on average women collect more in government benefits than they contribute in taxes. Men pay the difference.

#111 Pete on 10.04.17 at 11:34 pm

TNT #74

Do Genitals = Gender? Is it so far beyond your own understanding of human biology that a person could be born with male parts but identify as female?

Do some research instead of holding so dear your ignorance

___________________________

The feminization of males has started. I see these millennial males and they seem girly. Most look weak and many would of been beaten up in school back in the 80s. I wasnt a tough guy by any means when I went to school but these kids 20-25 years old make me look and feel strong. Sure there are a few real men that are Millennials that are strong, but they are far and few. These kids seem more interested in eating and sipping on fattening foods and drinks . The elite know only the wild spirt of men can stop them. We are doom. Once generation X gets to old they will pounce. Millennials are to weak and brainwashed. They are educated but not as smart as the grade six drop out. You can see that by how millennials are manipulated like puppets. Anyways end of rant. Im just sick of trans propaganda and the trans thought police.

#112 Smoking Man on 10.04.17 at 11:35 pm

DELETED

#113 Spock on 10.04.17 at 11:38 pm

#73 Screwed Canadian Millenial on 10.04.17 at 8:42 pm

Your comments are getting more incoherent as time goes by. You have to make sure that you take the medication on time.

The good news is what you would do has no meaning. I doubt you have ever received even $1 in dividend but I applaud that you left out capital gains and interest. Maybe in separate posts you can replace the word dividend with the others.

I think its time to tax the xxxx out of the welfare cheque that SCM gets :-0)

Time to sleep

#73 Screwed Canadian Millenial on 10.04.17 at 8:42 pm
I would tax the sh*t out of dividends.

Time for bed, son. Night. — Garth

#114 Bananaland on 10.04.17 at 11:42 pm

“Promote gender equality”

“I believe I feel like a woman!”

Just at tax time though: I’m gender fluid:)

Welcome to the new Canada

#115 acdel on 10.04.17 at 11:44 pm

What is allowed to happen to us in this Country is just criminal; it is so backward thinking, although I am not hugely connected to social media, it is a life saver as long as people are smart enough where to look, for me personally, along with this blog; I feel that people are finally starting to wake up to all this foolishness, politician’s beware as well as all the other pathetic fools, things are changing!!

#116 MF on 10.04.17 at 11:47 pm

#89 Fuzzy Camel on 10.04.17 at 9:47 pm

It’s deeper than that. Physical attractiveness is far more important in terms of a woman’s value as a mate than it is for men.

I’ll be willing to bet, most guys don’t care about how much money a woman makes, as long as she is attractive.

Attractive means fertile (young and healthy).

Attractive women who make a lot of money are usually delusional about their worth. Tending to believe men care about their pocketbook (we don’t).

MF

#117 T-Rev on 10.05.17 at 12:02 am

I’m all for gender equity there Gartho; In fact, I’m for equality of all types- but one type of equity should always prevail amongst all others: individual equality before the law, and by extension, in taxation, opportunity, etc. Seems to be something we’re losing sight of in favor of a more “balanced equality”…quotations my own.

Also- am I slipping further into an internet induced illiteracy, or did you screw the wording on this up:

“Bill Morneau never expected critics of his thrust to seriously attack the retirement savings of farmers, drywallers and family doctors with his family firm’s work to create tax shelters for the corporate rich.”

I read it a dozen times, followed the link, but I’m sure you’re missing a word in there…maybe a “to juxtapose this” after the word “doctors”.

#118 Algonquin Settler on 10.05.17 at 12:02 am

Garth, you’re seriously going to let those ignorant and disgusting comments about transgendered people remain? But you cut “racist” comments?

I’ve commented here recently about my youngest daughter, now 20, having worked her ass off since 12. I’ve even received a few comments/congratulations from some here.

Guess what? She is transgendered, and is now beginning the transition to male.

How ’bout you people grow the hell up. Like my kid doesn’t already have it hard enough having dealt with this ALONE since early puberty. You think it’s FUN having to lop off parts of your body because they don’t match your brain? Having people say you must be a FREAK?

FFS. You people either have no heart, no IQ, or both.

#119 NorthOf49 on 10.05.17 at 12:03 am

“This week a veteran real estate lawyer in the west end of the GTA let it be known he has 15 active cases of buyer default on his desk at the moment.”

Wondering if the recent sale in Burlington my buddy speaks of is one of them. Two years ago, my buddy bought an older bungalow style on a small street perpendicular to Lakeshore Rd close to Brant St. Paid almost $700K. Fast forward to this month and he’s boasting that his house is now worth $1.3M because the house across the street recently sold for $1.2M. Last week though, he couldn’t understand why many different cars were coming and going from the driveway of the new sale. Turns out the buyers walked on the deal and were willing to lose the deposit. The previous owner obviously wasn’t happy and all the cars are the lawyers and real estate agent meeting with him to see what his options are. He clearly wants more from the walked buyer than their deposit. I’ll keep you posted when I hear more. My buddy has quit talking about how much his own house is “worth” now.

#120 Fed-up on 10.05.17 at 12:28 am

#64 Rexx Rock on 10.04.17 at 8:06

To many people want to come to paradise but its so expensive and no where to rent unless you buy.

—————————————————-

Victoria is paradise? Lol you need to get out more. And perhaps some remedial grammar courses might be in order also.

#121 n1tro on 10.05.17 at 12:41 am

#40 Screwed Canadian Millenial on 10.04.17 at 6:55 pm
#27 rainclouds on 10.04.17 at 6:45 pm

It’s a poll done by Ekos and Canadian Press. Lol you people are so pathetic. You’ve been completely programmed to not even read articles and just dismiss them based on the source. All you head to do was take 1 minute, read the article and you would have seen where the poll came from. Instead you chose to embarrass yourself. Typical conservative.
_____________________________________
Typical idiot. Believing that an unscientific poll that doesnt disclose where it got its call list and if the sample size is representative of the population. If the Ekos poll is so right, then why have the disclaimer at the bottom??

“Ekos researchers caution that the proposals up for debate are complex and while they’re confident in their questions, a different approach could have yielded different results.”

A different approach could have yielded a different result….no shit Sherlock. That is admission that their sample size isnt representative of the country or they would have said the p value is has a 95% confidence level.

#122 baldbaldhires on 10.05.17 at 12:45 am

Garth,

Your latest hire runs afoul of fair hiring practices. How do I know? You only hired one person. UNless that person is male, female, transgender, white, black, asian, indigenous, left handed, right handed, hairy, folicularly challenged(i.e. bald), etcetc…you will have offended some group.
You may need to hire a whole division to ensure PC fairness.

#123 Deplorable Dude on 10.05.17 at 1:00 am

#116 MF “I’ll be willing to bet, most guys don’t care about how much money a woman makes, as long as she is attractive.”

Yep….all a guy wants in a woman is to be reasonably attractive, of nice disposition (i.e. Not a bitch)…and good in the sack. That’s it. They don’t care if the woman is well educated, has traveled a lot, or earns lot of money..not important when it comes to attraction for men.

As a side isn’t it interesting that the blog dogs here recognise fake real estate propaganda in the media……yet blindly accept everything else they read/see in the media….e.g. the constant progaganda/fake news against Trump.

#124 Fortune500 on 10.05.17 at 1:17 am

Speaking of equity … I’ll just leave this here

https://www.youtube.com/watch?v=V7HPbjsYYGg

#125 Fortune500 on 10.05.17 at 1:20 am

Jordan Peterson on why women do not dominate the pay hierarchy

https://www.youtube.com/watch?v=NV2yvI4Id9Q

#126 Looney Baloney on 10.05.17 at 1:30 am

Gender Equity is an extremely important policy requirement for any & all Canadians that want governance promoting fairness with respect to the population of CANADA.
– Define ‘fairness’,and how you propose it be promoted. Let me guess, take from those who work, and give to those who don’t amirite?

Only in the investing class do we find complete & controlled opposition to the idea that governance must balance opportunity for those that may be farthest from the money supply or the public trough.
– Investors are the ones paying the most into the public trough, hence they are the once to oppose their money being stolen ‘unfairly’ the most.

Conservative governance would likely want to abandon all government programmes that did not enrich the propertied classes whereas the more benevolent Liberal Party of CANADA is adept enough to make Gender Equity a policy priority so that it is acting responsibly to provide opportunity where a neoconservative would likely not.
– Please explain how making Gender Equity a priority provides opportunity. Oh you must mean the Liberals are adept at stacking the deck so the less or unqualified can replace the competent and qualified.

I, for one, would rather avoid the social contagion that would spread if BIG L Liberal programmes were reduced for purposes of fiscal austerity under any sort of conservative rule going forward.
– Where’s the money for the Big L pet projects coming from? That’s right, it is being stolen from the productive to fund the deadweight. I guess your momma never thaught you stealing is wrong.

At least we can be assured of at least two terms for Trudeau before any of the neocons will inch forward.
– Two terms in the slammer I hope.

#127 NoName on 10.05.17 at 1:58 am

@SM speaking of donations and networking…

Last week I made no donation but i showed up and ate pizza, an engineer came over and gave me good dose of public shaming in front of my colleagues, all that over slice of pizza… Luck was on my side, if I grabbed soda, I would be probably bludgeoned to death on a spot.

Guess moral of the story is, you give you get $#!7, you don’t give you get $#!7…

So be careful there if you don’t donate you might be condemned to spend ethernety down stairs.

#128 Where's The Money Guido? on 10.05.17 at 2:56 am

Re: #46 JustMe on 10.04.17 at 7:14 pm

The housing problem isn’t supply, it’s unsustainable foreign demand
Vancouver real estate: is it supply and demand, or foreign capital?

It’s the gang bangers illicit money:

The RCMP alleges that evidence shows the Richmond business sent more than $300 million offshore, and laundered about $220 million in cash in B.C., in just one year. So half a billion going through one business, right beside a TD Wealth office.
How many condos will that buy at $500,000. Approx 1,000.

And that’s just one of these shady businesses that they tripped upon.: http://vancouversun.com/news/local-news/rcmps-casino-money-laundering-probe-uncovered-alleged-terrorist-financing-links

How many more are there? We just hit the tip of the iceburg…..Lots more to come if the NDP isn’t scared off by the “friends” of the former BC Lieberals. You know those “friends” still have friends in high places.
Remember when the BC Liberals first got voted in and the RCMP said that organized crime had infiltrated the BC Ledge. Well whatever happened to that case after the RCMP got a new gold-plated 20 year contract and a new $1 billion dollar building with their very own bar?

Yeah, nuttin’…….

#129 Reality 1 on 10.05.17 at 3:06 am

to # 111 Pete

Agree totally (except for your spelling – LOL) and exactly what I observe as well.

I read recently that testosterone levels in Western caucasian males in the millennial generation are the lowest ever recorded.

1) Few aggressive sports (97 % watch extreme sports, but don’t participate).

2) Soft hands and aren’t handy

3) No practical knowledge beyond their chosen field.

4) Are passive around women and in the friend zone.

5) Have fewer drivers licences, don’t drive as much.

6) Live at home longer and more dependent on their parents well into their 20’s and even 30’s.

7) Drive Vespa type scooters instead of large displacement motorcycles.

8) Higher levels of suicide.

9) actually LIKE their teachers and see them as mentors instead of the losers we all new them to be

10) don’t question nor fight authority figures

11) question their sexuality more

and on and on and on ….

In short, there are far more are “ball-less wonders” than in previous generations ( and I’m not talking “trans” here). Weak, effeminate and ineffectual I’m thinking.

They stand for nothing and will fall for anything.
Ergo, Truedope elected.

#130 Reality 1 on 10.05.17 at 3:13 am

to # 116 MF

Pretty much correct.

Sometimes a woman becomes more attractive after you sleep with them awhile and they prove to be capable and engaged in the bedroom.

It is in heterosexual men’s very DNA it would seem – we want healthy genes to breed with and outward appearance is the manifestation of that “health” to the “cavemen” side of ourselves.

Reality.

#131 Reality 1 on 10.05.17 at 3:35 am

to # 89 Fuzzy Camel

Marriage rates are way down from previous generations due to the ready availability of consequence free sex and the effects of the feminazi pandering of our politicians , laws and judicial system.

Women, to a large extent, have lost their bargaining power in this regard, unless they are super hot or famous. And even then, they get dumped for the next hotty (Jennifer Aniston / Scarlett Johannsen / etc.)

I mean, what guy in his right mind (and aware of how the deck is stacked against him in family law) wants to get married these days?

I know guys in their late 20’s and 30’s that get “rentals” when they are in the mood and not in a “relationship”.

Not my cup of tea, but I can do the math.

A busted / failed marriage is VERY expensive these days.

I have more than a couple of fool acquaintances that learned this the hard way and now their lives are totally f*ckd – sociallly, financially and self esteem wise. Women are really not very interested in them now for sure.

Maybe not PC, but REALITY.

#132 Reality 1 on 10.05.17 at 3:46 am

to # 90 the Jaguar

Simple really.

1) Canadian RE industry doesn’t buy advertising in international press (i.e. Bloomberg), but does in domestic press (i.e. Globe and Mail, Financial Post, Toronto Star, etc.)

2) Journalistic accuracy and integrity – serious biz people will get their info elsewhere if press like Bloomberg aren’t being objective and accurate.

3) Domestic press’s audience on average are less likely to be critical thinkers, more feel good types whereas Bloomberg etc. are focused on an a more savvy audience.

But, mostly it is points 1) and 2).

Reality

#133 Reality 1 on 10.05.17 at 3:56 am

to # 92 TNT

Don’t flatter yourself that I would contemplate anything you post.

What are you talking about ?

I was commenting on your comment on THIS THREAD at # 74. You are the one commenting on a previous day’s comment.

Shit, you don’t even know what day it is snowflake.

Its funny to see you get riled up about some anonymous poster’s incoherent rant as it affronts your tender sensibilities and reveals your brainwashed state.

Your only value to me on this blog is comedic relief.

c’mon now TnT, search your PC little brain for a snappy comeback diatribe.

I can always use a laugh….

Reality

#134 Reality 1 on 10.05.17 at 4:40 am

to # 104 Last of the Boomers

Totally false assumption.

Women in Canada do NOT get paid less than men for EQUAL work.

This nonsense has been totally debunked by modern economic studies numerous times.

Figure it out – why hire men if the remuneration is higher ?

In any event, this is illegal under the labour laws of almost every Western nation.

#135 Stone on 10.05.17 at 5:13 am

Frances on 10.03.17 at 11:48 am
Hi Mattl, I am a 34-year-old middle class renter, renting a condo in the GTA for $1,600/month. I make 100k/year and am able to save $2,500/month, plus bonus. I have grown my balanced portfolio to 300K (Full disclosure, I have had advantages in life that allowed me to graduate debt-free and live with my parents for a few years and save). Even though I can afford to buy my condo with a healthy down-payment, I have run the numbers and I believe it is more cost effective for me to continue renting and saving each month, and allow my investments to grow. By my math, I should have a balanced portfolio of $1,000,000 by the time I am 45 (assuming a 5% ROI, but you never know how the markets will perform). But who knows, maybe if I bought my condo now it would be worth $1,000,000 in ten years anyway…..

That said, my situation is not perfect. I would love to have a home to call my own, and it can be stressful thinking about long-term rental prospects. Rent could increase in the GTA to 2k/month, and I may not be able to save as much. Or maybe I’ll be forced to live in someone’s basement because there just isn’t a lot of rental inventory in Toronto. Still, I get anxious when I look at the TD mortgage calculator and think about signing my life away for the next 30 years just to buy my place. There are pros and cons to both renting and owning I suppose.

If anyone would like to give me advice, I will gladly listen! :)

——–

Got up and while I get ready for work, I see that genitals and gender are still the topic du jour. So sad. Instead, I focus on Frances from a couple of days ago. Smart, focused, disciplined, and educated in priorities of life. If a few more of you, just a few more, were a bit more like Frances, our country and society would be a bit better off. Don’t get me wrong. I’m all for equality. I’m also for meritocracy. You need to make an effort to get what you want. Whining here will not get you anywhere. You want something? What’s your tangible plan to get it? Execute that plan. Assess the situation, readjust as required and keep on going. Instead, are you expecting someone to do it for you? If the answer is yes, expect to go nowhere fast. I highly recommend Frances as someone to look up to. Admirable qualities and judgement we can all realistically strive to achieve. Regardless of gender.

#136 Often deleted much maligned stock picker on 10.05.17 at 5:42 am

Gerald Butts, the Rasputin-like puppet master behind Juice Box Justin and Moronic Moroneau…..makes it known to the media (meaning the CBC Liberal zombies) that he likes to referred to as ‘the smartest guy in the room’…..whenever they can fit it in. We all remember Gerald when he fled the pitchforks and burning torches in Ontario after shafting the citizens with multi billion dollar windmill boondoggles and the subsequent skyward flight of electricity…..to where tens of thousands of seniors have been priced out of the heating scene and will likely die of exposure this winter….yes, that’s right….tens of thousands can’t afford their electricity bills and are cut off right now….today….and snow is already flying……but likely not in Gerald’s house…….he has a civil service job as ‘the smartest man in the room’.

Maybe Gerald is just being snide…..maybe he’s the ‘smartest guy in the room’ when he’s packed into a hall locker with Junior Juice and Wild Thang Moroneau.

#137 Dharma Bum on 10.05.17 at 6:41 am

“Are you now, or ever have been, a man? Big mistake. Run.” – Garth
——————————————————————–

Good advice.

I did.

Now, I am a Dharma Bum.

And I’m FREE……….. free fallin’.

#138 Dharma Bum on 10.05.17 at 6:48 am

#22 Blobby

“Why on earth does someone’s genitals matter when it comes to tax. Surely there’s inequality if you treat people different based on what’s between their legs?”
——————————————————————-

Not only that.

My reliable sources indicate that Size Matters too.

Guess I’m getting taxed big time.

OHHHHHHHHHHHHHHHHHHHHHHHHHHHH!

#139 TnT on 10.05.17 at 7:08 am

#129 Reality 1 on 10.05.17 at 3:56 am

And yet you post a reply ~again~

Come on Realty1, if you going to pipe up, at least be coherent.

Your 174 vs 74 typo, not mine.

PS. Don’t be so easily triggered Snowflake. Go read a book and learn something useful to contribute.

I patiently wait for your reply ~again~ Lawlz

#140 Ace Goodheart on 10.05.17 at 7:12 am

RE: “Do you make more than $250,000? Are you now, or ever have been, a man? Big mistake. Run.”

Like I said before, this is easy. When they change the tax laws so that only the retained earnings of small corps controlled by men are taxed at 73%, transition to female.

You can keep your junk.

All you have to do is “identify” as female.

You can even become a lesbian if you like, after doing that, and continue on with your chosen sexual pursuits.

#141 maxx on 10.05.17 at 7:16 am

“That means reviewing what we’ve received, making sure we fully understand it and responding accordingly.”

Really….the optics are not impressive, having attempted to boot this through during summer vacay. Now, with only 2 years to go, angry little people (mostly middle class, with those having voted Liberal muddle class) must now be placated….

The track record of this party is a joke. No need to even scratch below the surface to see the Tru face of it. Ageist, elitist, us and them, with its hand constantly out, shamelessly asking for ever more campaign contributions.

Did you get your contribution report card children?

Incredible – smack you with one hand and stroke you for donations with the other.

You’ve got to really believe yourself to be convinced that their (former?) electorate will continue to buy what this party’s selling.

Middle class champions……mon derrière.

#142 Ian on 10.05.17 at 7:26 am

#113 Spock

Bahaha SCM will declare dividends, capital gains, and income as the new ‘Axis of Evil’ and do a rotating rant on how he would tax each at 100% since he’ll never experience any of them.

#143 Reality 1 on 10.05.17 at 7:39 am

to # 118 Algonquin Settler

So, now you are against free speech ?

Want to restrict comments because it offends your personal situation ?

Do you not choose to come here?

Are you paying to come here ?

I don’t like a lot of what I read here (white male bashing / misandry / tax the CCPC owners / tax the rich / feminazi postings / etc. , but I RESPECT peoples’ right to have and VOICE their own opinions.

It is my choice to log on and read and if offended, I can leave. You too.

This is fundamentally a blog about RE and investment, not a place to condemn others and air your PERSONAL grievances with the world at large.

Maybe you should review your IQ.

Just sayin’…..

Did you ever consider that maybe her upbringing had something to do with her gender dysphoria ?
You know – nature vs. nurture?

#144 Ian on 10.05.17 at 7:42 am

So let me get this straight…after receiving all kinds of flak in their 75d ‘consultation’ period, now they want to adjust tax rates by gender.

I actually think this proposal is great, because a) it will never happen due to the obvious legal challenges that would happen and b) it will make them look like donkeys more than ever.

They are already going to clearly walk back half the stuff in their insane tax proposal already due to all the shit they got. This gender nonsense is hilarious.

Aren’t the Liberals aware that forms of affirmative action are some of the worst policies ever? Of course not, because they’re the Liberals.

#145 Reality 1 on 10.05.17 at 7:45 am

to # 136 ODMMSSP

Awesome post.

Gerald Butts is the architect of doom everywhere he goes and with zero accountability.

“smartest guy in the room” my azz – that prick wouldn’t last 2 minutes in any debate with any well informed sentient business person.

Rasputin indeed.

#146 Marlene from Victoria on 10.05.17 at 7:46 am

The backlash is predictable here from a blog that is 96% male.

Yawn…..

#147 Ian on 10.05.17 at 7:47 am

#138 Dharma

You nailed it! The next Liberal tax proposal can be based on penis length.

If you’re five inches, you only have to pay 73% tax. If nine, then wow you’re in the 90% tax bracket. It will be a sliding scale that Tax Fairness can introduce at his next press conference.

#148 earthboundmisfit on 10.05.17 at 7:55 am

Let the bells ring out and the banners fly. The market value of my ZPR has finally surpassed the book. Long haul, but oh….the divys.

#149 earthboundmisfit on 10.05.17 at 7:59 am

DELETED

#150 Reality 1 on 10.05.17 at 8:01 am

to # 123 Deplorable Dude

Bang on !

(no pun intended of course)

A pretty simple formula – yet women just can’t figure it out somehow.

Most men have little reason to leave or cheat if your scenario exists at home.

Also, the woman is cherished and respected and the guy will bust his back if he has a good thing at home because he KNOWS the relationship is worth maintaining. He KNOWS the alternative is just not palatable longterm.

Again, not PC – but REALITY.

Also , good observation on fake news and the gullibility of people.

#151 paul w on 10.05.17 at 8:26 am

Doug t on 10.04.17 at 7:10 pm
I’m going to jump on a millenial bandwagon here by now claiming I want to be recognized as a non-gender “them”, claim my spirit animal as Bigfoot, order my PTSD parrot and just to totally cover my man tracks stop wearing Old Spice
RATM
Thanks for the laugh, you made my morning…
Paul

#152 Penny Henny on 10.05.17 at 8:33 am

Well it seems that Mongohouse.com has been shut down. Maybe they received the cease and desist letter from TREB also. Anyone know any other sites for sold prices in TO?

#153 Renter's Revenge! on 10.05.17 at 8:36 am

The older I get, the more important things like personality, intelligence, work ethic, sense of humor, value systems, agreeableness and compassion become in terms of how attracted I am to women. Don’t get me wrong, physical attraction and being “good in the sack”, i.e. sexual compatibility, are still really important to me; they just take up smaller slices of the “pie chart” as time goes on.

I guess when imagine being married to someone in the future, I think of all the time spent outside of the bedroom, and how well those times would go too. It’s a big deal. Maybe that’s why I’m still single!

M37MB

#154 Sus on 10.05.17 at 8:45 am

#97 If I were a wife of a doctor, why couldn’t I set up my own company, render all my services to his company through it and then just invoice his company?
*************************************
You could, but have to hope the CRA don’t come calling. You’ll be classified as an employee if you only have 1 client and the work you do for this client is directed by them.

#155 Another Deckchair on 10.05.17 at 8:57 am

@118 Algonquin Settler

Please don’t let the comments here upset you. You obviously give your support to your daughter, exactly as you should.

One of my friends is having a daughter transition too; I know that he had difficulty with it, but I (and others, of course) are open and honest with him; after all, it’s the brain inside of your childs’ head that matters, not what clothes they wear. One of my (now long retired) colleagues went from male to female, and was an absolute pleasure – open and honest, down to earth, and non-judgmental.

We read here all kinds of stupid, biased, self-centric comments here and on any anonymous posting site. Life can change in an instant, and these “Archie Bunkers” with strong biases may have to eat their words and come to understand that their myoptic view was wrong.

Keep going – your support for your child is 100% correct.

#156 conan on 10.05.17 at 9:08 am

“Conduct a gender-based analysis on finalized proposals, to ensure any changes to the tax system promote gender equity.”

Say bye bye to the self employed EI program. It was an unworkable ” piece of shit” anyway. It will be replaced with a tax credit (of some kind) for female business owners who take maternity leave.

By the time the Conservatives wake up, it will be 2019, and too late to avoid losing a ton of seats in the next election.

#157 Looney Baloney on 10.05.17 at 9:15 am

#89 Fuzzy Camel
Your eyes are slowly gaining sight, but you don’t see clearly yet. The truth is, we can either have gender equity, or we can have civilization. We can never have both for prolonged periods in time.

Take SCM for example. His mom probably gave his dad the boot when he was about four, to shack up with one of many loser bad boys. Right from that time, he realizes his mom only cares about him as long as it brings herself some attention. Generally when the dad is missing, society would step in and offer him guidance maturing into manhood (remember, women are born, men are made). But as he grows up, he realizes single moms, egged on by media funded by our (((overlords))), have turned single parenting around and made it all about themselves, with little concern for the kids.

He grows up confused and angry with society, until he finally grows an adult body and a scruffy beard one day. At that point, he usually goes down one of three paths:
– as an effeminate male, he steps down the lgbtxxyyzz path, seeking to gain attention and validation for himself, just like he saw his momma do. This is highly likely if he was pumped full of meds as a kid for ‘being aggressive’ or ‘adhd’ or some such.
– turns violent and to a life of crime. Ultimately, he becomes the bad boy for some other loser chick, sires a bunch of soon-to-be abandoned kids, perpetuating the cycle.
– takes enough meds to retain some semblance of sanity. Votes for the most left wing party there is, as he feels vindicated in using the government to steal from what he perceived as others who had an unfair advantage over him when growing up (intact biological families). If he slaves away at a desk long enough to earn a decent paycheck, he shacks up with a woman past her prime who didn’t ‘stick the landing’. He siers a few kids, and ends up in the divorce court meat grinder in about 4 years. Mommy replaces him with the sexy bad boy, who abuses his kids, perpetuating the cycle. Meanwhile, he posts angry rants on blogs, and blames everyone else for his problems. He knows deep down that all he really wants is for one genuine, selfless hug from his momma. But he’ll never get it, cuz his momma don’t care for him after the meal ticket expires at 18, because she never cared for or respected his daddy.
In all three cases, his chances of him making it all the way to retirement are slim to none.

Now the interesting fact here is all parties involved, except the biological dad, statistically vote liberal. Hence the unholy push for ‘equality’, ‘gender fairies’, ‘femaleism’, etc. When enough of society is restructured from the family model to the child support moel, the conservatives don’t stand a chance of winning another election. Ever.

However, this all comes to a head when the only net positive contributor among all participants, the biological dad, loses interest in sustaining society, producing more than he needs, and working his ass off to feed his children, who have all been conditioned by mom to hate him, and checks out, leading to a plop in tax revenues. At the same time, the cost to society to maintain the divorce-industrial apparatus increases exponentially. Add declining revenues from nat resources, an aging population, low birth rates, insane debt levels, and a sharp change in cultural composition to the mix and you have the perfect storm.

The first step is to increase taxes on the productive few that are still left, while making every attempt to break their families apart. But this will dry up quickly. God knows what’s coming next. May he have mercy on our souls. Hedge accordingly.

#158 charcoal on 10.05.17 at 9:18 am

#118 Algonquin Settler on 10.05.17 at 12:02 am

You think it’s FUN having to lop off parts of your body because they don’t match your brain?

will utmost, utmost respect to your situation (I can imagine how difficult it must be), maybe, just maybe, lopping off parts is the wrong approach. What if the brain is the the broken part of the equation?

#159 TnT on 10.05.17 at 9:53 am

#118 Algonquin Settler on 10.05.17 at 12:02 am

I know your pain all too well Algonquin, this blog like any anonymous blog is full of ignorant humans who just want to spew garbage for the sake of lashing out.

The world is changing, Millennials and taking over the reins and no person or group in power ever release control without a fight.

Those who do not adopt to the changing world just lash out and flail as they lose the narrative on their realty.

Realty1 comment @ 143 can’t get any more ignorant.
“Did you ever consider that maybe her upbringing had something to do with her gender dysphoria ?”

People really need to step back and educate themselves beyond headline news articles.

#160 TnT on 10.05.17 at 9:59 am

#158 charcoal on 10.05.17 at 9:18 am

What if the brain is the the broken part of the equation?

I honestly think you mean no harm in this post.

I would bet if you source out various resources and did some research on this matter you would regret your post and apologize.

We are talking about human beings, with families and all the same stresses every other families endure.

Do you not think there was hours of deep discussion with various Doctors, Professionals and Support Groups before making such drastic decisions?

Very shallow IQ pool here today….

#161 TnT on 10.05.17 at 10:09 am

#143 Reality 1 on 10.05.17 at 7:39 am

This is fundamentally a blog about RE and investment, not a place to condemn others and air your PERSONAL grievances with the world at large.

Maybe you should review your IQ.

Just sayin’…..

****

Comedy Gold…

Here you are again.. airing your PERSONAL grievances…

From Tinker’s Damn to Tinker Bell – lawlz

#162 joblo on 10.05.17 at 10:26 am

Energy East pipeline is dead.
Way to go Kanada.

#163 Penny Henny on 10.05.17 at 10:29 am

mongohouse.com back up again.
Thank God. I need my house porn.

#164 joblo on 10.05.17 at 10:34 am

Are you now, or ever have been, a man? Big mistake. Run.
Here u go.

Man I feel like a woman:

https://youtu.be/ZJL4UGSbeFg

#165 paul on 10.05.17 at 10:39 am

154 Sus on 10.05.17 at 8:45 am

#97 If I were a wife of a doctor, why couldn’t I set up my own company, render all my services to his company through it and then just invoice his company?
*************************************
You could, but have to hope the CRA don’t come calling. You’ll be classified as an employee if you only have 1 client and the work you do for this client is directed by them.
—————————————————————–
Would this work?

Mr. Woltz I am a lawyer I’m not threaten by you. I have a special practice I handle one client. *quote by Tom
Hagen.
https://www.youtube.com/watch?v=aM5bfWrkdRo

#166 Reality 1 on 10.05.17 at 11:02 am

to TnT

You should really seek some professional help with that gender dysphoria and bitterness you are experiencing / identifying with.

Your posts are becoming hysterical – maybe they are hitting too close to home for you.

Don’t waste everyone’s time here working out your personality disorder,

Oh, and by all means, flame away – I enjoy seeing you waste your time on this blog, twisting away in emotional pain and revealing your true nasty self.

I won’t be responding to you anymore, so say whatever you have to to get in the last (snarky) word.

Typical SJW snowflake.

I bid you adieu.

#167 Braj on 10.05.17 at 11:33 am

#157 Looney Baloney on 10.05.17 at 9:15 am
#89 Fuzzy Camel
Your eyes are slowly gaining sight, but you don’t see clearly yet. The truth is, we can either have gender equity, or we can have civilization. We can never have both for prolonged periods in time.

Take SCM for example. His mom probably gave his dad the boot when he was about four, to shack up with one of many loser bad boys. Right from that time, he realizes his mom only cares about him as long as it brings herself some attention. Generally when the dad is missing, society would step in and offer him guidance maturing into manhood (remember, women are born, men are made). But as he grows up, he realizes single moms, egged on by media funded by our (((overlords))), have turned single parenting around and made it all about themselves, with little concern for the kids.

He grows up confused and angry with society, until he finally grows an adult body and a scruffy beard one day. At that point, he usually goes down one of three paths:
– as an effeminate male, he steps down the lgbtxxyyzz path, seeking to gain attention and validation for himself, just like he saw his momma do. This is highly likely if he was pumped full of meds as a kid for ‘being aggressive’ or ‘adhd’ or some such.
– turns violent and to a life of crime. Ultimately, he becomes the bad boy for some other loser chick, sires a bunch of soon-to-be abandoned kids, perpetuating the cycle.
– takes enough meds to retain some semblance of sanity. Votes for the most left wing party there is, as he feels vindicated in using the government to steal from what he perceived as others who had an unfair advantage over him when growing up (intact biological families). If he slaves away at a desk long enough to earn a decent paycheck, he shacks up with a woman past her prime who didn’t ‘stick the landing’. He siers a few kids, and ends up in the divorce court meat grinder in about 4 years. Mommy replaces him with the sexy bad boy, who abuses his kids, perpetuating the cycle. Meanwhile, he posts angry rants on blogs, and blames everyone else for his problems. He knows deep down that all he really wants is for one genuine, selfless hug from his momma. But he’ll never get it, cuz his momma don’t care for him after the meal ticket expires at 18, because she never cared for or respected his daddy.
In all three cases, his chances of him making it all the way to retirement are slim to none.

Now the interesting fact here is all parties involved, except the biological dad, statistically vote liberal. Hence the unholy push for ‘equality’, ‘gender fairies’, ‘femaleism’, etc. When enough of society is restructured from the family model to the child support moel, the conservatives don’t stand a chance of winning another election. Ever.

However, this all comes to a head when the only net positive contributor among all participants, the biological dad, loses interest in sustaining society, producing more than he needs, and working his ass off to feed his children, who have all been conditioned by mom to hate him, and checks out, leading to a plop in tax revenues. At the same time, the cost to society to maintain the divorce-industrial apparatus increases exponentially. Add declining revenues from nat resources, an aging population, low birth rates, insane debt levels, and a sharp change in cultural composition to the mix and you have the perfect storm.

The first step is to increase taxes on the productive few that are still left, while making every attempt to break their families apart. But this will dry up quickly. God knows what’s coming next. May he have mercy on our souls. Hedge accordingly.

As crazy as this sounds, there is truth in it. If this continues, we are heading down a dark path.

A social identity is a contract that we have with society where we give up some freedom of individuality in order to have a stable, interactive environment where we have a social structure with which to interact, live and develop.

When this is taken away, and you can be whoever your heart desires the structure upon which we conduct our lives will start to fail.

#168 IHCTD9 on 10.05.17 at 11:35 am

#1 Penny Henny on 10.04.17 at 5:51 pm
You could feel the collective sigh of relief from 45,000 realtors like a warm spring zephyr.-GT

Zephyr- cool car
___________________________

Good old Foxbody. I owned it’s twin at one time, a ’78 Fairmont Futura.

Pastel Yellow paint, 1/4 vinyl roof (white), with white vinyl seats and fake wood grain dash lol

#169 Manitoba Whale on 10.05.17 at 11:41 am

#162 joblo on 10.05.17 at 10:26 am
Energy East pipeline is dead.
Way to go Kanada.
*****

After all these years of bringing boatloads of oil from across the ocean one would, practically, think that Canada would have a country wide connection to offset said imports. We can have all the legislation we want in our country promoting this and disqualifying that, yet we still bring in imported oil from repressive regimes because it is more economical.

Economic sense may well be the current reason but in the past surely it did make sense. Both Torys and Liberals have failed here to promote a vision for Canada, a vision that will never happen now that every interest group has to be bought off in one way or another.

As for the current egotistical stumblers in power the only oil development supported by the current regime is one that can be smoked.

Unbelievable.

#170 Sus on 10.05.17 at 11:46 am

#152 Mongohouse is back up and running

#171 IHCTD9 on 10.05.17 at 11:53 am

#153 Renter’s Revenge! on 10.05.17 at 8:36 am
The older I get, the more important things like personality, intelligence, work ethic, sense of humor, value systems, agreeableness and compassion become in terms of how attracted I am to women. Don’t get me wrong, physical attraction and being “good in the sack”, i.e. sexual compatibility, are still really important to me; they just take up smaller slices of the “pie chart” as time goes on.

I guess when imagine being married to someone in the future, I think of all the time spent outside of the bedroom, and how well those times would go too. It’s a big deal. Maybe that’s why I’m still single!

M37MB
____________________________________________

Yep, and by the time you’re past 45, the set of priorities for a potential wife will be totally different than when you were 25.

I’m liking marriage past 44 so far, much easier than 27-37 was.

#172 Dups on 10.05.17 at 11:56 am

With the new taxation laws they are trying to pass, they might be doing talent cleansing. The educated and overtaxed will soon leave and the Gov will increase immigration from 2nd and 3rd world countries to fill in the gap. Is this what we as a country want? Are we a kidney or a liver to the world population? Why can’t we become the brain?

#173 n1tro on 10.05.17 at 12:15 pm

For anyone confuse what “Lawlz” means. It is the verbal pronunciation of “LoL” that young whippersnappers are using. I hear millennials are lazy but too lazy to pronounce the other 2 syllables in L-O-L?? Why it is being used here in a written blog is beyond me.

#174 TurnerNation on 10.05.17 at 12:19 pm

Such condescendment from our paternal Nanny State over lords: “…take into account people’s points of view”.

As if they are asking a child what he prefers for lunch. Our lives are part of their computer simulated models. Nothing is left for chance.

As we see on Toronto newz the war on the car and freedom of movement – try going up north in a meger electric car, this will made an off limits UN zone – results suddenly in reports of bike and pedestrian collisions. 1001 new laws will follow as usually.

Every newz story will hit their talking points. A daily agenda is produced and played. Nothing left to chances.

#175 TnT on 10.05.17 at 12:24 pm

#166 Reality 1 on 10.05.17 at 11:02 am
to TnT

You should really seek some professional help with that gender dysphoria and bitterness you are experiencing / identifying with.

Your posts are becoming hysterical – maybe they are hitting too close to home for you.

Don’t waste everyone’s time here working out your personality disorder,

Oh, and by all means, flame away – I enjoy seeing you waste your time on this blog, twisting away in emotional pain and revealing your true nasty self.

I won’t be responding to you anymore, so say whatever you have to to get in the last (snarky) word.

Typical SJW snowflake.

I bid you adieu.

***

I love it when anonymous peeps who play “the big man” only to fold like precious little Snowflakes when challenged. < – ~snarky~ comment as requested.

I bid you to read a book….

#176 Blacksheep on 10.05.17 at 12:25 pm

Penny,

Zephyr- cool car
___________________________
IHCTD9,

Good old Foxbody. I owned it’s twin at one time, a ’78 Fairmont Futura.
————————————–
This convo reminds me of one name: Bob Glidden

#177 Mirabel on 10.05.17 at 12:29 pm

154 Sus on 10.05.17 at 8:45 am

#97 If I were a wife of a doctor, why couldn’t I set up my own company, render all my services to his company through it and then just invoice his company?
*************************************
You could, but have to hope the CRA don’t come calling. You’ll be classified as an employee if you only have 1 client and the work you do for this client is directed by them.
——
But isn’t that what I want – to be officially recognised as an employee? My company could even be a 50% stakeholder in my husband-doctor’s company, right?

#178 Screwed Canadian Millenial on 10.05.17 at 12:34 pm

#118 Algonquin Settler on 10.05.17 at 12:02 am

http://www.greaterfool.ca/2017/10/04/really-4/#comment-545807

FFS. You people either have no heart, no IQ, or both.

————————-

Lol really? You’re surprised that boomers and conservatives act like, boomers and conservatives?

To be a conservative is to be intolerant. That’s pretty much the definition.

All the best to your daughter. Everyone deserves to be happy in this world and be who they are.

#179 Mike in Edmonton on 10.05.17 at 12:37 pm

#96 Hotdogs from Heaven on 10.04.17 at 10:28 pm
#94 Hans on 10.04.17 at 10:07 pm

#68 Hellyeah…

At least a carbon tax like Alberta’s keeps the money in the province where it can be spent on local green energy projects. All Ontario is doing is preparing to send an estimated $1 billion a year to the U.S.

*************************************
I’m not trying to downplay the ridiculousness of the cap n trade system Ontario got scammed into, but don’t praise Alberta. The NDP promised an economic and environmental revolution. Green jobs everywhere for all those poor misplaced oilfield workers. Do you know what we’ve received so far? $0.99 LED light bulbs, and a company based out of Ontario that will come into your house and change light bulbs for you. Seriously, that’s it.

#180 Stan Brooks on 10.05.17 at 12:42 pm

And here I laughed very hard.

https://ca.finance.yahoo.com/news/feds-could-erase-debt-2060-141736366.html

#181 Victor V on 10.05.17 at 12:48 pm

Joe Oliver: Canadians will suffer the punishment for Trudeau’s egregious Energy East failure

http://business.financialpost.com/opinion/joe-oliver-canada-will-be-poorer-for-trudeaus-egregious-energy-east-failure

#182 Victor V on 10.05.17 at 12:50 pm

‘A glorious day for Donald Trump’: Ex-N.B. Premier slams Canadian energy policy

http://www.bnn.ca/a-glorious-day-for-donald-trump-ex-n-b-premier-slams-canadian-energy-policy-1.876368

“It’s a glorious day for Donald Trump,” McKenna said. “People in Canada have to understand that the big winner here is President Trump. He approved Keystone XL, which is going to move a huge amount of Canadian oil down into the heavily-discounted U.S. market.”

“At a time when he’s throwing up trade barriers on other fronts, he’s been able to secure a very, very lucrative Canadian supply of oil, and a great transfer of wealth from Canada.”

#183 IHCTD9 on 10.05.17 at 1:01 pm

#180 Stan Brooks on 10.05.17 at 12:42 pm
And here I laughed very hard.

https://ca.finance.yahoo.com/news/feds-could-erase-debt-2060-141736366.html
__________________________________

Probably based on assumption of 3-4% economic growth every year.

You know, “the budget will balance itself”.

lol

#184 Sus on 10.05.17 at 1:12 pm

#97 If I were a wife of a doctor, why couldn’t I set up my own company, render all my services to his company through it and then just invoice his company?
*************************************
You could, but have to hope the CRA don’t come calling. You’ll be classified as an employee if you only have 1 client and the work you do for this client is directed by them.
——
# 177 Mirabel -But isn’t that what I want – to be officially recognised as an employee? My company could even be a 50% stakeholder in my husband-doctor’s company, right?
=====
I don’t know what you want. You’re talking about either setting up a company offering services to your husband-drs co, becoming a shareholder in the corp, or being an employee of either corp or sole proprietorship. All three are different. As an employee or company offering services you’ll need to prove your status if the CRA asks you to, as already described. The shareholder option is available, but soon to suffer a “reasonableness test” of your contribution as a related shareholder under Morneau’s “tax fairness” policies.

#185 IHCTD9 on 10.05.17 at 1:14 pm

#179 Mike in Edmonton on 10.05.17 at 12:37 pm

…Do you know what we’ve received so far? $0.99 LED light bulbs, and a company based out of Ontario that will come into your house and change light bulbs for you. Seriously, that’s it.
__________________________________________

LOL! the dogs are making me laugh today! That’s the NDP for you though, a modern marvel of burning revenues and negative results. An ape would run the province better. Seriously – doing zip would yield better results. I could probably train a monkey to run down to the store, find an LED on sale for .89, AND install the damn thing for me.

Here in Ontario Wynnie got the Hydro Bill up so high it was going to have her kicking pebbles next year. So in a moment of great wisdom she borrowed a crap-pile of cash and buried us in even more debt to cut the bill (not the cost) hoping her popularity would improve.

Being that this is Ontario – her popularity did improve LOL!

#186 IHCTD9 on 10.05.17 at 1:20 pm

#178 Screwed Canadian Millenial on 10.05.17 at 12:34

Lol really? You’re surprised that boomers and conservatives act like, boomers and conservatives?
____________________________________________

Trying to hack cheap political points just doesn’t get any lower than this ^.

Good Grief, I’m glad women like you are few and far between.

#187 IHCTD9 on 10.05.17 at 1:23 pm

I bid you to read a book….
.#176 Blacksheep on 10.05.17 at 12:25 pm
Penny,

Zephyr- cool car
___________________________
IHCTD9,

Good old Foxbody. I owned its twin at one time, a ’78 Fairmont Futura.
————————————–
This convo reminds me of one name: Bob Glidden
___

^ There’s a name I haven’t heard in a while.

#188 Victor V on 10.05.17 at 1:24 pm

Ontario realtors face new double-ending rules, stiffer fines

https://www.thestar.com/business/real_estate/2017/10/05/ontario-realtors-face-new-double-ending-rules-stiffer-fines.html

Real estate agents in Ontario will face new conflict of interest rules when they represent both a buyer and seller in a single transaction and tougher penalties when they violate the industry regulations and ethics.

The Liberal government announced on Thursday an update to the Real Estate Business Brokers Act (REBBA) that will see the fines for unethical realtors double to $50,000. Brokerages found breaking the rules will be fined up to $100,000 per violation.

Government and Consumer Services Minister Tracy MacCharles said the government was compelled to act in light of media reports and industry consultations that revealed some agents were double-ending sales to their own benefit.

In some cases agents were manipulating bidding wars so they wouldn’t have to split the sales commission with another agent.

#189 Howard on 10.05.17 at 1:43 pm

#162 joblo on 10.05.17 at 10:26 am
Energy East pipeline is dead.
Way to go Kanada.

—————————–

Outrageous.

I hope Bombardier goes bankrupt and takes lots of Quebeckers with it.

The stupidest thing Harper did in office was to NOT stop the flow of taxpayer dollars to that parasite company.

#190 mike from mtl on 10.05.17 at 2:02 pm

1.25+ boom, poloz peso strikes again!

#191 Gifting the comment section on 10.05.17 at 2:03 pm

Garth,

Consider donating the blog’s comment section to science, more specifically, psych/soc studies. They would have a field day with days like today.

#192 IHCTD9 on 10.05.17 at 2:03 pm

#167 Braj on 10.05.17 at 11:33 am

As crazy as this sounds, there is truth in it. If this continues, we are heading down a dark path.

A social identity is a contract that we have with society where we give up some freedom of individuality in order to have a stable, interactive environment where we have a social structure with which to interact, live and develop.

When this is taken away, and you can be whoever your heart desires the structure upon which we conduct our lives will start to fail.
_______________________________

There’s a pile of reasons why we’re headed for trouble, and it’s tempting to analyze them all in detail. IMHO, the situation won’t be changing regardless of our level of understanding, so we can dispense with wasting our time on that.

What we already know is enough to make decisions. We aren’t having enough kids to replace ourselves just like every other Western economy on the planet. Immigration is the standard answer in said economies to maintain revenue growth for current bloated Western Governments and related social spending.

What we also already know is that immigration can never be high enough quickly enough. We can’t grow tax revenues as they are required without literally changing the face and Culture of Canada. Immigration for tax revenue is not working and its obvious. There is a limit where increasing immigration again will lose you an election, and that limit is not near high enough to pay the bills.

So what can we expect? IMHO, more taxes – that’s all this was ever about to begin with. “Diversity is our strength” translates directly to “Diversity is our cash cow (we hope)”. We have some diabolically stupid leadership in this country, with voters to match. What else could you possibly deduct?

Your best bet is to plan for a high tax, low wage future. Stay out of the private sector. Avoid taxes wherever you can, and vote Liberal/NDP to bring down the system ASAP. Make sure you are in good financial shape, and plan around a low income and low spending lifestyle.

#193 Spock on 10.05.17 at 2:10 pm

SCM:

You still have not answered the Qs about the boomers not giving back. You say you back everything you say with facts but you are just avoiding the answer. Of course the fact that your google search is not giving back any results is understandable and that is why you have to think before you type.

Lesson to learn: Everything you say has consequences and it comes back to haunt you. Live and Learn.

#194 IHCTD9 on 10.05.17 at 2:10 pm

#161 TnT on 10.05.17 at 10:09 am

Comedy Gold…

___________________________________

You’re way over quota on this.

#195 IHCTD9 on 10.05.17 at 2:16 pm

#189 Howard on 10.05.17 at 1:43 pm

The stupidest thing Harper did in office was to NOT stop the flow of taxpayer dollars to that parasite company.
_________________________________

Instant death for Bombardier if that ever happened. I’d be shocked if government handouts aren’t a line item on Bombardier’s formal budget by now.

#196 TurnerNation on 10.05.17 at 2:32 pm

#157 Looney good gawd you’ve chugged the bottle of Red Pills. Likely so though.

ProTip – date people here which grew up in Eastern Europe. Miles ahead in stability, and practical.

#197 Ian on 10.05.17 at 2:57 pm

#190 mike

You are right. FXC chart under severe pressure again. CAD down to 78.47 with red bars all over the chart.

Plozzer breathing more easily in advance of Happy BoC Day October Edition!!! Two weeks to go!

#198 Ian on 10.05.17 at 2:58 pm

And Garth you are right too about risk on. Nasdaq is apparently going to infinity. I give up lol.

#199 Ian on 10.05.17 at 3:06 pm

This is classic, from the book “Tragedy In The Commons” about Canadian democracy.

EKOS survey about Canadians’ respect for certain professions.

“Politicians were at the bottom of the pack, with only 10% professing a high degree of trust. The only profession that ranked below politicians? Internet bloggers.”

Garth you went from second bottom to bottom!! LMAO.

#200 Victor V on 10.05.17 at 3:08 pm

Sask. Premier Brad Wall rips Ottawa over Energy East cancellation

http://www.bnn.ca/sask-premier-brad-wall-rips-ottawa-over-energy-east-cancellation-1.876706

Saskatchewan Premier Brad Wall said Ottawa is ultimately to blame for TransCanada’s decision to cancel its proposed Energy East Pipeline and says the government’s actions have undermined national unity.

“Today is not a good day for Canada. It is not a good day for the federation. It is a very bad day for the west,” Wall said in a statement. “TransCanada made the decision to cancel Energy East – but make no mistake, the reasons for it fall at the feet of Prime Minister Justin Trudeau and the federal government.”

#201 aa3 on 10.05.17 at 3:32 pm

I guess one thing Canadians could do is become active in their churches again.. and make sure everyone in the church sets each other up with government jobs.. where often the total compensation is 3 times higher than if the person was in the private sector.

#202 Screwed Canadian Millenial on 10.05.17 at 3:38 pm

I love how conservatives and boomers have been so trained and programmed their entire lives to be shills for massive corporations. They never blame the corporation for its actions, always the government.

#203 Genitals does not equal gender in Toronto! on 10.05.17 at 4:03 pm

@118 Algonquin Settler

Who cares what your daughter wants to become? That shouldn’t let the comments section turn into a safe space for the LGBTQ and P spectrums from Toronto.

#204 Reality 1 on 10.05.17 at 4:24 pm

to # 197 Ian and # 190 mike

Loonie broke support at 1.2538 on my chart today.

1) Bad trade deficit ( 5th worst on record I believe)
2) TransCanada cancelling Energy East pipeline
3) US data good
4) US Dollar index stronger as Euro weakened on ECB minutes

Sh*t show.

Not sure it really matters, I fear in the next 2 years with Truedope at the helm, we could see 58 to 60 cents US – barring, of course a commodities boom.

#205 momo on 10.05.17 at 4:26 pm

“The governments of Quebec, Ontario and Canada have collectively given Ubisoft financial support worth €545-million (about $803-million Canadian at current exchange rates) over the past 11 years, according to a calculation published in June by Montreal’s La Presse. The sum is more than its cumulative profit of about €434-million over the same time, the newspaper said”.

“As of September, Vivendi had about 25 percent of voting rights, while the Guillemot family (which owns Ubisoft) has about 22 percent”.

https://venturebeat.com/2017/10/05/ubisoft-is-buying-back-up-to-4-million-shares-in-vivendi-battle/

So, the Guillemot family got over CAD175 million “support”.

#206 Reality 1 on 10.05.17 at 4:48 pm

Just read an article about Sweden’s housing bubble with – 0.5 % (that’s MINUS a half percent) bank rate.
And this is with a strong Swedish economy, but huge social spending.

Huge personal and mortgage debt and the central bank has no way to deal with either. It is now past the point of no return.

I fear that Canada will be in the same boat at some point as the economy is wrecked by Liberal policies and the only way out will be to inflate the largest asset in most people’s portfolios.

I have a considerable bet that this is what the end game will be. Here and around the world socialism will reign and the world will revert to some sort of socio- economic feudalism. Already headed that way in most of Europe already.

The respective central banks will eventually lower rates and use the RE collateral borrowings by home “loaners” to fuel the economy to substitute for earnings.

Inflate or die until the “crack up boom” blows up.

Not happy about it, but that is my long term call as of right now.

That is why I posted a couple days back that as a long term bear I have capitulated. The central banks will NEVER allow deflation on a massive scale – currency be damned.

I suspect the markets sense this and hence the seemingly irrational rush to stocks , real estate or anything with a perceived inherent value. Gold will fluctuate, but not be allowed to rise too much – see Paul Volker’s comments about his error in the 1980’s.

It was nice while it lasted, but the course is set and the world will change and enter the modern “dark ages”.

I truly feel for anyone with young children today. Their hearts and dreams will be broken.

#207 espressobob on 10.05.17 at 4:49 pm

Those that took a hit from ZPR and dumped their positions ain’t looking to bright.

Some of us were loading up in the mean time and are suffering upside along with monthly distributions. Tax friendly of course.

Life’s a bitch.

#208 n1tro on 10.05.17 at 4:57 pm

#204 Reality 1 on 10.05.17 at 4:24 pm
to # 197 Ian and # 190 mike

Loonie broke support at 1.2538 on my chart today.
——————————-
My crystal ball (daily chart) confirms this. Next resistance point is at 1.2654 but it should get by that and head towards 1.2775 for around Oct 16(?).

#209 AGuyInVancouver on 10.05.17 at 4:57 pm

#203 Genitals does not equal gender in Toronto! on 10.05.17 at 4:03 pm
@118 Algonquin Settler

Who cares what your daughter wants to become? That shouldn’t let the comments section turn into a safe space for the LGBTQ and P spectrums from Toronto.
_ _ _
So you want this forum to be an “unsafe space” for certain groups then. Admirable. Garth?

#210 TJ on 10.05.17 at 5:03 pm

I have a substantial amount of retained earnings in my ccpc, but I identify as an Attack Helicopter, so I’m good right?

Some people say hell hath no fury like a woman scorned. Well, they obviously never saw a scorned Attack Helicopter.

#211 X on 10.05.17 at 5:18 pm

Some gov’t pensions are allowed to income sprinkle. But Morneau won’t go after them. Wouldn’t that be the easier fish to fry. Isn’t there less of them.

That pension change would affect him negatively. So does the small business tax proposals when the business owners hire an actuary and set up and IPP, but positively for his family business.

To make the small business tax changes, for all of the lost voters on this one, and the CRA expense for it, it doesn’t make sens at this point, beyond stubbornness.

And who suffers most from cutting the income sprinkling. Women.

Suck. Blow. Repeat.

#212 Manitoba Whale on 10.05.17 at 5:30 pm

#200 Victor V on 10.05.17 at 3:08 pm
Sask. Premier Brad Wall rips Ottawa over Energy East cancellation
*****

Appreciate this gentleman. Hope we have not seen the end of him in public life.

Billions of potential investment dollars have now left the country. The west is irate, the east upset and the NDP have the coolest guy on the block, already marginalizing Trudeau. 2019 may bring a Conservative majority if this keeps up. The silver lining is watching Trudeau slowly implode.

#213 Braj on 10.05.17 at 5:46 pm

#209 AGuyInVancouver on 10.05.17 at 4:57 pm
#203 Genitals does not equal gender in Toronto! on 10.05.17 at 4:03 pm
@118 Algonquin Settler

Who cares what your daughter wants to become? That shouldn’t let the comments section turn into a safe space for the LGBTQ and P spectrums from Toronto.
_ _ _
So you want this forum to be an “unsafe space” for certain groups then. Admirable. Garth?

***

Please explain to everyone here what consists of being unsafe? I don’t see any links to phishing sites or malware.

The proliferation of these safe spaces really mind boggles me.

#214 Terry. on 10.05.17 at 8:51 pm

“The Fizzle” is right Garth ………… CAMI workers are now 3 weeks into their strike with GM. 2800 workers there now earning only strike pay. Auto parts suppliers to the CAMI plant are all shut down now. Firestone closing it’s Woodstock textile plant next year throwing 270 more people out of work. Real Estate sales here in London are now dropping off. Not looking too good for Southwestern Ontario these days.

#215 steerage steward on 10.05.17 at 11:16 pm

You know you’re in pretty cool Country when Jagmeet Singh is the head of a major political party.

Sikhs are 1.4% of the population, and yet we see beyond race to respect his ability.

He missed a trick only knowing jiu jitsu though. The Sikh martial art of Sanatan Shastar Vidiya is way cooler.

https://www.youtube.com/watch?v=CV_WT80rZ-E