Unit 420

In five months or so Mr. Socks will make weed legal. This has a whole lot of landlords freaking out. If you believe the hyperbole our new dope culture could make finding a rental harder and a whole lot less pleasant. For the people who own the property, it carries (they say) the potential for disaster.

First, some economics.

Once you strip away the routine appreciation of real estate – which rising interest rates and B20 are doing a fine job of – it’s a tough go being a rentier in a major town like Van or TO. The property of choice, of course, is a condo. But thanks to high prices and universal rent controls most amateur landlords (the only kind who buy single condos) are in negative cash flow. With more expensive mortgages now, plus escalating condo fees and property tax, making money every month is elusive. Usually impossible. Rental math is appalling – which is why capital appreciation is the only justification for ‘investing’ in an apartment.

By the way, there are two key ways of determining if a property’s worth buying as a rental – the cap rate and the ROI. To calculate a cap rate subtract all the expenses involved in owning a place (financing, taxes, fees, the cost of fishing iguanas out of the toilet) from the gross rent received. Divide the net income by the purchase price. To be in the game that should be something between 4% and 10% – hard to find these days.

The ROI (return on investment) is a more real-world formula, since most people buy properties with leverage instead of cash. So deduct all annual expenses (mortgage payment, fees, taxes, vacancy allowance, maintenance, insurance etc.) from the annual rent and divide that by the actual cash invested (including fees and taxes). To be accurate you should calculate the opportunity cost of your investment and add it to expenses – since this money could be generating a return if invested in financial assets. A common (and flawed) justification for being a landlord is then deducting the mortgage principal being paid from expenses (including only the interest). But, of course, this is just reducing debt.

Granted, buying a small apartment building in a secondary market can be a fantastic cash flow-generator, with a boffo cap rate and sweet ROI. But that’s not what most people do. They snap up a pre-sale condo in an urban slab, eventually renting it to a moister who the week before was having his shorts laundered by mom. These days, even with rents at levels far above those of five years ago, it’s impossible to make money without constant increases in property values.

Well, back to weed. Big issue.

The current Socks/Mills agenda is to legalize marijuana consumption for the purpose of getting high (as opposed to healing), allowing people to light up in their homes at will, plus producing their own stuff (four plants under cultivation). So while it is illegal to have a still and make alcohol, it will be fine to turn your apartment laundry room into a grow-op, with 400-watt light bulbs, sketchy xcords, plastic housing and a commercial humidifier.

Lots of landlords are starting to contemplate what this means. Conceivably a 50-storey condo building in downtown Toronto could contain a hundred or more units with enough plants under cultivation to waste everyone in Kelowna. How about the smell of all those people toking up on a Thursday night? If you’ve spent much time around potheads, you know the aroma. There are apartment-dwellers already complaining mightily that it seeps through walls, under doors and into drywall. Sure, cigarettes are wicked, too. But legalizing weed is expected to increase the volume of smoke because, you know, it’s good for you. Mr. S says so.

Landlord BC, a lobby group of property owners, is fighting: “We’re hammering away at this pretty tirelessly.” Landlords in Ontario are equally aghast, but the province is shrugging the concern off. No wonder. The local Libs are planning to roll out spiffy moister-friendly weed shops across the province and just announced Shopify will be its online sales platform provider. As the gravy train of revenue from land transfer tax fades away, the government is hoping MJ cash floods in to replace it. Nobody’s too proud anymore to be a drug pusher.

So amateur landlords are left to fend for themselves, hoping they might get a no-weed, no-smoke, no-grow clause in their leases – if that is not disallowed under provincial law. But whatever they do, they remain powerless to control what happens in the unit next door, one thin wall away.

So, forget the cap rate. Worry about the pot rate.

   

Uh-huh. And this just in. If “the next steps to equality” are what I think they are, this blog may be investing in a grow tent.

Minister Morneau Sets Budget 2018 Date for February 27, 2018

February 13, 2018 – Ottawa, Ontario – Department of Finance Canada

The Government of Canada is taking the next steps in transforming the economy so that it works for the middle class by ensuring everyone has the opportunity to succeed.
Today, Minister Morneau announced in the House of Commons that the Government will table its federal budget on February 27, 2018.

Through Budget 2018, the Government will take the next steps towards equality, and a more competitive, diverse and inclusive Canada, where everyone can have a real and fair chance at success. In doing so, it will reward curiosity and foster the kind of creativity that will allow us to innovate and maintain our competitive edge in the fast-paced and increasingly global economy. The budget will build on the Government’s plan to invest in people, communities and the economy. Thanks to the hard work, ingenuity and creativity of Canadians, Canada has created nearly 600,000 jobs since November 2015, and the unemployment rate is near its lowest level in 40 years.

282 comments ↓

#1 For those about to flop... on 02.13.18 at 5:50 pm

Pink Snow falling in Burnaby.

This February 2016 purchase mentions new kitchens and renovations in the listing,so these guys could already be in the hole.

Picked up for 1.45 ,the latest assessment lags at 1.34.

If there was a marriage involved ,there may no longer be a Union…

M43BC

4890 Union Street, Burnaby Paid 1.45 February 2016 ass 1.34 asking 1.49

Jul 24:$1,590,000
Feb 8: $1,490,000
Change: – 100000.00 -6%

https://www.zolo.ca/burnaby-real-estate/4890-union-street

https://www.bcassessment.ca/Property/Info/QTAwMDAzVlFVQQ==

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Feel free to make a donation.

Flop For Fox Fund…

http://www.terryfox.org/get-involved/ways-to-give/

#2 For those about to flop... on 02.13.18 at 5:51 pm

Pink Snow falling in Burnaby.

Here’s another one in Burnaby who has finally snapped to their senses after getting their hands on some smelling salts.

Picked up for 1.82 in July 2017, they were dreaming for a while but the latest assessment would have been a punch in the guts.

Previously assessed at 1.92 in 2016 ,the latest instalment came in 8.3% lower at 1.76,and after lowering it by 600k the asking price is still asking a prospective buyer to jump through the ropes and take it in the ring…

M43BC

428 Northcliffe Crescent, Burnaby paid 1.82 July 2017 ass 1.76 asking 1.99

Jan 8:$2,598,000
Feb 8: $1,998,000
Change: – 600000.00 -23%

https://www.zolo.ca/burnaby-real-estate/428-northcliffe-crescent

https://www.bcassessment.ca/Property/Info/QTAwMDAzVkxDSA==

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Feel free to make a donation.

Flop For Fox Fund…

http://www.terryfox.org/get-involved/ways-to-give/

#3 New Housing Solutions? on 02.13.18 at 5:53 pm

BC government outlines a comphrensive range of measures to address the affordability crisis in today’s Throne Speech. Speculation measures are key. Stay tuned for February 20th’s budget.


Government’s first step must be to address demand and stabilize B.C.’s out-of-control real estate and rental market.

Safe, decent housing is a right that is under threat by speculators, domestic and foreign, who seek windfall profits at the expense of people who work, live and pay taxes in B.C.

We see the results of speculation in all parts of our province—distorted markets, sky-high prices and empty homes. Too many British Columbians are paying the price.

Your government believes that people seeking to profit from B.C.’s real estate must also contribute to housing solutions. Budget 2018 will put forward new measures to address the effect of speculation on real estate prices.

As recently announced by this government, we are working with online hospitality and accommodation providers to make sure short-term and vacation rentals pay their fair share.

And government will introduce legislation to crack down on tax fraud, tax evasion and money laundering in B.C.’s real estate market.

#4 Penny Henny on 02.13.18 at 5:55 pm

A common (and flawed) justification for being a landlord is then deducting the mortgage principal being paid from expenses (including only the interest). But, of course, this is just reducing debt.-GT

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

Assuming property value is static and only rises with the rate of inflation then:
reducing debt=increasing equity

#5 Screwed Canadian Millenial on 02.13.18 at 5:56 pm

“Rentiers” are having a tough time on properties that have benefited from one of the largest housing bubbles in the history of the world, fueled by record low interest rates and massive foreigner speculation….

Cry me a river.

Rent control, foreign buyer tax, higher minimum wage, OHIP+, strong and steady leadership. Kathleen Wynne is a proven leader with a track record of success and has ensured my vote for another strong and stable provincial Ontario majority government.

#6 Penny Henny on 02.13.18 at 5:57 pm

There are apartment-dwellers already complaining mightily that it seeps through walls, under doors and into drywall.-GT
///////////////////

It sucks to be an apartment dweller

Lately it sucks to be you. Try to contribute something here. – Garth

#7 Island Girl on 02.13.18 at 5:58 pm

I would hope that landlords could have a no-weed, no-smoke, no-grow clause in their leases. If it can stink up a place the same as cigarettes, then it should be treated the same.

#8 Jag Mann on 02.13.18 at 5:59 pm

Garth,

Can you explain why deducting the mortgage principal being paid from expenses is a flawed justification for being a landlord? This seems reasonable, considering that your net worth is increasing with each principal payment, no?

Thanks

Debt repayment is not wealth creation. Give your head a shake. – Garth

#9 JOHN on 02.13.18 at 6:00 pm

Why would legalization increase the number of users? It has never been hard to come by.

Also four plants is hardly industrial scale cultivation, there’s likely as many tiny grow ops flying under the radar in apartments now as there will be after Canada day. What you don’t know doesn’t hurt you.

Large scale operations are and will continue to be illegal, I sincerely doubt your average pothead is going to invest thousands in lighting and commercial humidifiers.

What’s with all the scare mongering?

#10 Penny Henny on 02.13.18 at 6:00 pm

Garth. Awesome idea here that you might want to pass along to your buddy Mr. Lamb.
Convert condo ‘party rooms’ to ‘smoke up rooms’.
No more rooftop bbq’s but instead rooftop spiffing areas.

#11 paul on 02.13.18 at 6:01 pm

1 comment so far ↓

#1 Screwed Canadian Millenial on 02.13.18 at 5:56 pm

“Rentiers” are having a tough time on properties that have benefited from one of the largest housing bubbles in the history of the world, fueled by record low interest rates and massive foreigner speculation….

Cry me a river.

Rent control, foreign buyer tax, higher minimum wage, OHIP+, strong and steady leadership. Kathleen Wynne is a proven leader with a track record of success and has ensured my vote for another strong and stable provincial Ontario majority government.
—————————————————————–
Here we go again he/She dragging the stick across the bars to get a response. He got one here that is plenty. DON’T Encourage him.

#12 Stan Brooks on 02.13.18 at 6:03 pm

french villa’s guy bullshit is mind blowing.

verbal diarrhea at its best.

and that arrogant, ethically challenged individual is still in office?

Canadians deserve what they get and that is to to be screwed by such limited IQ individuals.

As for the condo weed ghettos – pretty nice picture of future life in the ‘center of the universe’, mind frozen Canada.

BTW weed will be a big problem for condos. These units have shared ventilation and even now when weed is illegal the smoke is a big big problem in many, many condos.

Now it will become even bigger. Send thank you letter to the socks guy.

And buy lubricants, big wild hairy bill is coming after you and he is obstinate and serious about getting your money.

What a pathetic place, really.
How further down can we go as a society?
Can we go full retard or we are already there?
Future will show but we have some very talented individuals in charge to guarantee that tomorrow will be worse than time for quite some time.

Enjoy. Another sip of Johnny on my part.
Cheers.

#13 MF on 02.13.18 at 6:08 pm

This is by far the most infuriating policy to come out of these morons in office.

Weed is a drug. People who smoke it are drug addicts using it to “cope” with the stresses of their lives.

It’s for losers plain and simple. I don’t care if you “know a brain surgeon who smokes every day”, for the average person this gateway drug makes you lazy and addicted.

I’m actually on the side of the landlords here. Let’s hope the big money lobbies intense enough that the smell of the shit doesn’t overwhelm the hallways everywhere.

MF

M34ON

#14 I’m stupid on 02.13.18 at 6:13 pm

I shouldn’t have reacted the way I did yesterday Garth. It’s Tax season so I’m a little on edge. I’m having anxiety about getting audited yet again. I feel like a criminal even though I haven’t done anything wrong.

#15 Reality is stark on 02.13.18 at 6:14 pm

You will need the weed to help you through the divorce proceedings. Once the house is gone and you are living in your car you get to reminisce about the joy you had in family court. Most men would rather do 2 tours in Iraq than face a family court judge. Family court is much more dangerous.
Severe real estate losses lead to divorce and ultimately to suicide. Never get roped into buying a bigger house because they want more space. It is a life or death decision when you buy at the top of the market.

#16 Stan Brooks on 02.13.18 at 6:14 pm

It gets better by the hour.

The fancy socks guy who never worked any real work in his life now understands of and is expert on trade.

https://ca.finance.yahoo.com/news/canada-face-u-trade-problems-152235619.html

Last week, Canadian Prime Minister Justin Trudeau said Canada “might very well be better off” not signing up to an updated version of the NAFTA trade pact rather than accepting a bad deal.

With that IQ (all 20 units of it) he can not be Fidel’s illegitimate son.
No way.

#17 Tbone on 02.13.18 at 6:15 pm

Landlords will have to increase the ventilation rate for the hall pressurization to keep the weed aromas from wafting into the common areas and other people’s units.
This air is heated in winter and will add to the building operating cost .

You can already smell weed now in high rise buildings, look out when it’s legal . It’s going to be a real problem.

#18 Alberta Ed on 02.13.18 at 6:15 pm

My built-in BS Meter goes into the red zone whenever I hear the words “Government Is Here to Help.” Maybe we’re going to need some of that legal weed after all.

#19 Penny Henny on 02.13.18 at 6:15 pm

Stuff like this makes it crazy to be a landlord.
“WHAT ENHANCED RIGHTS DO TENANTS HAVE WITH THE LEASE?

There is a provision that if a tenant requests a copy of their lease and doesn’t get it within 21 days, they can withhold one month’s rent. If the landlord doesn’t produce it after that month, the tenant wouldn’t be required to repay it.”

http://business.financialpost.com/real-estate/what-renters-need-to-know-about-ontarios-new-tenancy-lease-agreements

We good now?

#20 Guy in Calgary on 02.13.18 at 6:15 pm

A few things here:

The people smoking in apartments are going to do it regardless of whether or not it is legal so I do not see what the big deal is there however, I see the grow ops being an issue for fire hazards etc. We cannot get all up tight about pot and be fine with people being prescribed oxi’s and able to consume scotch. Alcohol is more harmful in every way but is socially acceptable. Let people have a safe, legal alternative that doesn’t destroy their livers or create violent addicts.

If I am a landlord, and can knowingly choose between someone who drinks a lot and someone who smokes pot to rent my place, I’ll take the pot person.

I do not think legalizing will greatly increase the number of people who consume as those that want to already do. It just makes it so instead of going to see your buddy dealer down the street and funneling that money to a cartel, the money is going to fund the federal cartel instead. Also, you know it is safe and not laced with garbage that can harm you.

At the end of the day, the war on drugs is a colossal, epic and fantastically expensive failure. This is a step in the right direction.

#21 fancy_pants on 02.13.18 at 6:17 pm

Apparently spending your way to prosperity doesn’t work. Wow. Who could have guessed, eh? The white elephant is getting restless. Soon it will refuse to stay under the blanket

https://www.msn.com/en-us/money/markets/market-braces-for-an-inflation-report-that-could-change-everything/ar-BBJ5MQI?li=BBnb7Kz&ocid=ACERDHP17

#22 Cottingham a bargain on 02.13.18 at 6:17 pm

8 Jag Mann on 02.13.18 at 5:59 pm
Garth,

Can you explain why deducting the mortgage principal being paid from expenses is a flawed justification for being a landlord? This seems reasonable, considering that your net worth is increasing with each principal payment, no?

Thanks

Debt repayment is not wealth creation. Give your head a shake. – Garth
—————

Well , I have been doing this for over 35 years as a landlord and would like to think that some of my properties that I have fully paid off in this matter is real wealth. After all , I could liquidate them tomorrow and buy financial assets .

#23 No Debt on 02.13.18 at 6:18 pm

A somewhat avid puffer myself, I have a real hard time understanding why so many seem to appreciate the value in discretion. Wanna puff? Out of respect for your neighbours, go outside and do it.

#24 Stan Brooks on 02.13.18 at 6:18 pm

These stupid libtards will force US to cancel NAFTA

https://ca.finance.yahoo.com/news/canada-face-u-trade-problems-152235619.html

Canada, U.S. exchange barbs over NAFTA talks as stresses rise

Say buy bye to US jobs.

Good I have European passport.
Now I will commit my life to make sure Canada is kicked off by Europe as well.

#25 Blessed_Canadian_Millenail on 02.13.18 at 6:22 pm

#13 MF on 02.13.18 at 6:08 pm
This is by far the most infuriating policy to come out of these morons in office.

Weed is a drug. People who smoke it are drug addicts using it to “cope” with the stresses of their lives.

It’s for losers plain and simple. I don’t care if you “know a brain surgeon who smokes every day”, for the average person this gateway drug makes you lazy and addicted.

MF

M34ON

————

Absolutely agree. My wife works for Alberta Health and her team was responsible to conduct a study regarding MJ and its impact on those that smoke it.

Let’s just say that my wife is no longer supportive of legalizing MJ.

#26 Blessed_Canadian_Millenail on 02.13.18 at 6:23 pm

#8 Jag Mann on 02.13.18 at 5:59 pm
Garth,

Can you explain why deducting the mortgage principal being paid from expenses is a flawed justification for being a landlord? This seems reasonable, considering that your net worth is increasing with each principal payment, no?

Thanks

Debt repayment is not wealth creation. Give your head a shake. – Garth

———

Mr T., the fact that debt repayment is not wealth creation is true. But doesn’t paying the debt down INCREASES your net worth?

#27 I’m stupid on 02.13.18 at 6:26 pm

#13 MF

Smoking pot is not a gateway drug… cigarettes are. Next time you drive by a methadone clinic notice how many are smoking cigarettes. I don’t think I’ve ever seen a crackhead or heroin junkie that do want smoke.

#28 crowdedelevatorfartz on 02.13.18 at 6:26 pm

I rent.
Non smoking building. Period.
AirBnB Verboten. Lease broken. Evicted.
Pot growing?
Dont know. We all have balconies…….

#29 IM in C on 02.13.18 at 6:28 pm

Legalizing marijuana!? We are making a terrible mistake. For one thing, today’s ‘weed’ is not your daddy’s grass ; or your grandpa’s maryjane. Weed is 15 to 20 times more powerful. We; as a society, will rue the day we removed all restrictions and allowed it.

#30 crossbordershopper on 02.13.18 at 6:29 pm

when morneau ever thinks of having mortgage interest deductible like in the USA on principal residences, and i mean plural. then were talking, until that day comes, why would anyone buy a house with such a high price with after tax dollars. In feb when the budget passes, i will go through the trudeau/trump tax difference, and coupled with lifetime issues, costs of other things that living in the USA is totally where you want to be.
I dont hear anyone talking about RRSP this year? has anyone? i hear one add about mutual fund fees being high, but not about savings or anything. i think RRSP numbers are way down.

#31 Stan Brooks on 02.13.18 at 6:30 pm

Here it is, the essence of it:

https://ca.finance.yahoo.com/news/economists-push-fiscal-restraint-pre-090003121.html

Following the 2015 election, the Liberal government abandoned pledges to run annual deficits of no more than $10 billion and to balance the books in four years. Instead, it is focused on reducing the net debt-to-GDP ratio — also known as the debt burden — each year.

How would you pay debt when you keep running deficits? By inflation.

Cheers savers in CAD. How is that inflation indexing of 1.1 % with food prices up 25 % YTD working our for ya?

#32 common sense on 02.13.18 at 6:32 pm

Tonight has started with a bang.

SCM – Your trolling has reached a new level. On one hand I respect your freedom of speech on behalf of many here I say “Just shut up, ok?”

MF – I’m a WM54 professional. I smoked weed at Uni and on a rare occasion enjoy a toke a few times a year when I have nothing going on mind wise the next day. It enhances the music I love and for me honestly opens up creativity in my mind..it affects everyone differently so I respectfully disagree with your blanket statement.

Does legalizing it make Canada a”better” place? No…It is just another gov’t cash graband ideal to keep the masses mind dead and compliant. The governments will be very Canadian with enforcement, sales and likely will not even be as close as successful as the American states who sell it now.

Finally, I broke the code in the budget press release:

“Anyone with a pulse will be given a chance to succeed on the back of higher taxes on the upper middle to top class. The election is upcoming ad we have to play to the unhappy masses who made bad choices and it’s pay back time.”

#33 Michael King on 02.13.18 at 6:33 pm

Regarding the upcoming federal budget: I have a bad feeling about the Dividend Tax Credit.

#34 Vancouver in the Rearview on 02.13.18 at 6:33 pm

The local Libs are planning to roll out spiffy moister-friendly weed shops across the province

I’m sure you meant to say that they are going to roll out ‘spliffy’ moister-friendly weed shops?

#35 ole Doberman on 02.13.18 at 6:35 pm

Trudeau’s legacy will be pot and gay pride parades – i bet his dad is proud of his son.

#36 Turdeau on 02.13.18 at 6:36 pm

Peoplekind,

Let me remind you, if you don’t agree with my policies, I will find a way to silence you or exclude you from funding so please follow along and don’t step out of line.

In the spirit of love for all peoplekind (aka. potheads like me), I have included in the upcoming budget free meditation mats on your first joint purchase from a federally mandated seller.

Grab a joint and celebrate!

love to all followers, Turdeau

#37 sydcixel on 02.13.18 at 6:36 pm

Re: “There are apartment-dwellers already complaining mightily that it seeps through walls, under doors and into drywall. Sure, cigarettes are wicked, too.”

Marijuana is worse than tobacco. Back in the days when hotels had rooms that permitted smoking, I usually could not detect tobacco smoke. However, around midnight, the smell of marijuana somehow made its way between units.

I can hardly wait to find out what happens in our apartment complex.

#38 CanadianOne on 02.13.18 at 6:36 pm

This, from the Economist guys out in UK

https://www.economist.com/blogs/graphicdetail/2018/02/daily-chart-5

When you see it through their eyes, and I agree, it is pretty clear at 124% is a steep price to own as opposed to rent in Canada. There are very few places in the developed world that actually make sense buying.

Anywho, my 2 cents.

#39 under the radar on 02.13.18 at 6:41 pm

In the absence of legislation , law of nuisance will apply . Second hand smoke can be a real issue in multi unit buildings . Rental housing tribunal will be even busier.
By the way, come April , most landlords in Ontario will be required to adopt Ontario’s standard form residential lease. More socialism.

#40 BG on 02.13.18 at 6:44 pm

Tenants should be able to enjoy their home without suffering nuisance from other units.

Pot and cigarette smoke are a real nuisance.

I used to live in an apartment building where I would get a strong cigarette smell each time some neighbor would light up.
And the thing with smoke is it can be difficult to tell from which unit it’s coming. So you might not even have someone discuss with.

Sometimes the hallway would have a strong smell of pot too.
Fortunately it did not get inside my unit.

A neighbor once asked if I was the one smoking pot.
She said she had to move out from her previous apartment because of pot smell and seemed quite distressed to find the same nuisance in our building.

I don’t see the appeal of pot, but I have no problem tolerating potheads in general.

For bad neighbors of any kind though…. I have no patience.

So go landlords!
Win this fight.
And keep subsiding me in a smoke free environment.

Instead of legalizing pot everywhere, gov should just legalize some shops where you can buy and smoke on site and nowhere else.

#41 Buddy on 02.13.18 at 6:44 pm

Let’s be clear. Weed smoke isn’t cigarette smoke. The main difference, when it comes to furniture and apartments, the smell doesnt stick. Spark a cig to kil the smell of weed. Works when you get pulled over. Now, growing weed, particularly plants in the flowering stage, emits a stench hard to hide. I can’t believe the gov is considering the 4 plants rule. Electrical fires and shotty weed come to mind. As for weed itself, its a drug no doubt, the impacts are individual and impossible to define. Most noticable are the new smokers off in space at work after a long night of toking. Double check your numbers people.

#42 KiwiSaver on 02.13.18 at 6:46 pm

Growing weed is like brewing your own beer. It’ll be a fleeting inspiration for 20-40y.o. men who are lacking a hobby. There will be a massive influx of people starting up, then in a year or 2 there will be an abundance of growing equipment on CL as people realize it’s just a little more work to grow it yourself VS walking down the street and choosing something professionally grown – like craft beer.

#13 MF – relax a little. It’s not a gateway drug / makes you lazy or leads to addiction, these attributes are associated to an individuals psychology. Not the plant. Sadly you’re just showing how much you’ve let Govt. propaganda manipulate your understanding.

#43 Bob Dog on 02.13.18 at 6:48 pm

And the politician emerges.

This may come as a huge surprise but people have been growing and smoking dope in Canada for decades. Making it legal will not increase the number of people doing it. In fact it will likely reduce the consumption rate since there is no more thrill of sticking it to the man.

It has been proven in the USA that legalization of weed reduces consumption on hard drugs like meth. That reduces the chance your building will be blown up by a meth lab.

#44 Loonie Doctor on 02.13.18 at 6:48 pm

The crap that spews out of the Minister of Fairness just makes me want to gag. Canada is already a land where you have the opportunity to succeed. It has been for a long time. We have a strong public school system and affordable university/college/trades system (now even with “free tuition” for many). That doesn’t mean that everyone will have equal success. Personal decisions, luck, and differences in ability all play a role. All I have seen from this government in action so far has been efforts to drag down those who are doing better than others rather than providing a boost and incentives for people to strive for more. More pot smoking seems to align nicely with that strategy. Maybe they are hoping that smoking up will open our minds and foster more creativity as they are promising.

#45 FOUR FINGERS WATSON on 02.13.18 at 6:55 pm

Lots of landlords are starting to contemplate what this means. Conceivably a 50-storey condo building in downtown Toronto could contain a hundred or more units with enough plants under cultivation to waste everyone in Kelowna.
……………………………………………..

We already are wasted……And who is gonna buy pot from a store and pay gst and pst etc.? People will grow their own pot legally now or have little underground grow op sideline businesses that undercut store prices and produce “under the table” untaxed cash flow. Marijuana is a weed and is easy to grow. I think pot stocks are gonna be a bust.

#46 Suede on 02.13.18 at 6:56 pm

Inequality 101..

Las Vegas. Tickets to the pool party with DJ

Men – $45
Women – $25

LGBTQ – Sorry, but you have to declare one of the above.

https://www.ticketfly.com/purchase/event/1621498

As a man, I’m outraged

Never mind equal pay, I want #EqualPayment treatment at nightclubs.

Hoping T2 can help out here…

#47 Smoking Man on 02.13.18 at 6:56 pm

I finaly figured out what left stands for.

Loathing Envvious Fanatical Thieves.

If I didn’t know it before I’m 1000% certain now!!!
SCM paid liberal troll.

#48 PastThePeak on 02.13.18 at 6:56 pm

I think voting for K. Wynne is a good idea. Two reasons. First is that the Liberals should have to own their mess, rather than some poor other shmuck party.

Second, people can’t seem to grasp a problem until it is a catastrophe, so we need to hasten Ontario’s demise to get to the bottom, and voting Liberal is the best you can do. Then we can start to rebuild.

This will take awhile though, so I think two more Liberal terms will do it.

#49 Penny Henny on 02.13.18 at 6:57 pm

February 13, 2018 – Ottawa, Ontario – Department of Finance Canada

The Government of Canada is taking the next steps in transforming the economy so that it works for the middle class by ensuring everyone has the opportunity to succeed.
//////////////////

My take on this is capital gains taxed at 66% with increased revenues going to middle class

So middle class people have no investments? – Garth

#50 Penny Henny on 02.13.18 at 7:02 pm

Stan Brooks I’m gonna go out on a limb and guess that your former screen name here was Euro (trash) Observer.

Both of you have such a hate for a country that you decided to leave. So much hate that years later you still cannot get over it.

#51 Musty Basement Dweller on 02.13.18 at 7:02 pm

#9 JOHN on 02.13.18 at 6:00 pm
“.. four plants is hardly industrial scale cultivation, there’s likely as many tiny grow ops flying under the radar in apartments now as there will be after Canada day..”
I don’t think so, I hear lots of apartment dwelling buddies and acquaintances now talking now about getting 4 plants soon after July 1, and they wouldn’t consider doing it before it was legal. Even if landlord ban it on a suite by suite basis, the smell of the legal 4 plant ops growing will absolutely be an issue in many buildings.

#52 Scare Tactics on 02.13.18 at 7:03 pm

I knew a student house in my college days that day a big plant growing in their living room like a Christmas tree. No artificial light, no plastic drapes, no humidifier. Just natural like it grows in nature. Only criminals need to artificial lights to hide their activities in dark basements.

This is a regular plant so it knows how to grow with just air and sunlight. Don’t believe the scare tactics.

#53 Hugh Janus on 02.13.18 at 7:07 pm

Good luck to the slumlords trying to stop puffers. Aint gonna happen. You will have more luck stopping sexual harrasment.
This issue will keep the civil and housing courts flooded for the next 5 decades.

A friend of mine said the other day, “as soon as weed is legal im staying off the roads”. Fact is, there wont be any more puffers on the road when its legal as there already is. I know too many who smoke and drive and i give them all shit about it.

#54 FOUR FINGERS WATSON on 02.13.18 at 7:12 pm

Anyone can grow marijuana, it is a weed and is easy to grow indoors or outdoors. Anything u need to know is available online and you can easily purchase seeds and many different varieties. It can become a side line business for stay at home moms. Throw a few seeds in the garden or flower bed and away you go. Four plants per adult per household. A tax free supplement to the child benefit check Turdo sends every month.

#55 Asterix1 on 02.13.18 at 7:13 pm

#5 Screwed Canadian Millenial on 02.13.18 at 5:56 pm

Kathleen Wynne is a proven leader with a track record of success and has ensured my vote for another strong and stable provincial Ontario majority government.
—————————————————-

Please, please tell me that you are joking! If you were, that was very funny, thanks for the good laugh.

If you were actually serious, oh boy! You are truly clueless in way too many sectors, scandals and dossiers to address.

#56 Linda on 02.13.18 at 7:13 pm

Question: I’ve rented VRBO & when looking at the properties, have always chosen those that specify non-smoking. So if an owner can ban smokers via VRBO & other such sites, are they doing this legally? If yes, surely the easy solution is to make any rental agreement smoke free. Smoke is smoke, regardless of what is being smoked.

As for the growing issue, if one is limited to just 4 marijuana plants (& is that per year, growing at any one time or what?) I would submit there are plenty of renters with lots of houseplants, many of which are too tender to survive out of doors for much of the year in Canada. I totally get the fear of grow-opportunists who ignore the legal limits, but perhaps there is a solution beyond the usual damage deposit. I wonder if insurance companies would be willing to provide rental unit insurance to protect against damage from tenants who go one toke over the line? The tenant would have to pay for such a policy as part of the rental agreement & the funds would go directly to the insurers, not the landlord to prevent any ‘mistakes’ by either party. Missed insurance premium payments would trigger the termination of the rental agreement (the insurer would let the landlord know) & allow the landlord to evict the tenant. And just like with car insurance, tenants whose actions result in claims will have to pay higher premiums next time they rent. Would all this be a pain & make renting even more expensive? You bet, but tenants could benefit as well by first not renting units that someone else had damaged as any policy payout would (by law) be dedicated to the remediation of the property (to protect the public) & if any such policy included coverage for the tenants personal effects that would be beneficial too.

#57 You don't say on 02.13.18 at 7:14 pm

“Thanks to the hard work, ingenuity and creativity of Canadians, Canada has created nearly 600,000 jobs since November 2015, and the unemployment rate is near its lowest level in 40 years”

Where can one fact check this?

#58 Robert B on 02.13.18 at 7:17 pm

The problem for landlords arises when the tenant has a legal prescription. Can’t kick him out for that. Can’t discriminate for being sick…..

#59 Danny on 02.13.18 at 7:19 pm

“Nobody’s too proud anymore to be a drug pusher.”

And yet career politicians who were big wheels in the Conservative Party are now showing their true principles….money in their eyes.

These are the hypocrites of our time and hiding behind the smoke and mirrors of “medical pot”

And you wonder why the general public feel that too many politicians really never had the ” community ” in their hearts. Fantino and Ernie Eaves….are beyond shame.

#60 Yanniel on 02.13.18 at 7:19 pm

The marijuana craziness is not a problem just for the amateur landlord. I am a non-pot-smoking-renter and I’d hate to endure the potheads awful smell in my living quarters.

I don’t know; maybe I should buy a detached or a farm to keep the potheads away. Who would have thought that would be my excuse to want RE?

#61 Nonplused on 02.13.18 at 7:20 pm

I’m pretty sure everyone who wants to smoke pot is already smoking pot and most of the people who want to grow it are already growing it.

I remember going to an outdoor Tragically Hip concert one time where you weren’t allowed to smoke cigarettes (even though it was outdoors) but yet you could hardly see the stage due to the cloud of pot smoke over the crowd.

Where I think the most potential exists is if it becomes legal to put the THC in vapes. They have been doing it for years with nicotine so this has the potential to provide a smokeless and nearly smell-less way to toke up. If so this will probably become the method of choice for apartment dweller, unlike tobacco nobody smokes pot for the taste. And at least so far vape is a way cheaper way to get your nicotine buzz on.

So I think the biggest issue that will arise is how the police will be able to keep all the THC vaping motorists off the roads. I’d be more worried about that than somebody vaping THC in an apartment.

#62 conan on 02.13.18 at 7:21 pm

Lots of landlords are starting to contemplate what this means. – Garth

Rental properties are either; garbage, slums, modest, mid-high, or luxury. So it all depends on what the land lord now owns and rents out.

The one constant for all of them?
People will be more chill.

#63 MATT on 02.13.18 at 7:26 pm

There will not be a massive increase in the number of people smoking weed once its legal. Prohibition has not stopped anybody from buying and smoking Canabis…in their rented condo, house, car, park etc.

#64 Zapstrap on 02.13.18 at 7:28 pm

Still remember a bud who came home from work to his rented apartment and found a VPD business card taped to his door with a note saying to “give them a call.” He opened the door to find his place trashed. He had 2 plants growing in a closet and the building manager had illegally entered some of the suites to show to a buyer as the building was for sale and then reported to the coppers.
He got off the charge but it cost him 5 large in mid seventies dollars. A lesson learned.

#65 Ex-Cowtown on 02.13.18 at 7:33 pm

Not sure why you’re all wound up about smoking it. Just having it grow stinks the hell out of a place. My wife and I took a scenic tour through the western US last year. One place we stopped at had pot plants growing behind a fence “au naturel” and our gender offended PM would say. The plants stank the place out from the highway. No need to smoke it.

And as per our PC PM, when will he take a run at degendering the French language? It is full of gender flaunting pronouns and words. Almost every word has a gender. Mon dieu!!! Sacre bleu!!!

I’m sure his gender neutering antics will win him a ton of support in La Belle Province.

#66 Marge ar Large on 02.13.18 at 7:34 pm

People can’t even make their own coffee at home anymore, do you seriously think they are going to grow their own pot? I see a big market for plastic grow equipment that will have a quick stop in their houses on the way to the dump though! Another layer of the next fad in the landfill…interspersed with 10 good years of Timmies and Starbucks cups. But keep liking those climate change posts…someone should do something!!

#67 Rooster™ on 02.13.18 at 7:34 pm

Today, I was a Cross Border Shopper (literally, so chill CBS), in anticipation of Trump closing down the border. The border town is not the prettiest, and it hasn’t changed much in the 20 years since I was last there, but I was surprised when the cashier asked me to round-up to “feed the hungry”. I did give more than the 42 cents, softy liberal that I am, but wondered where the economic boom went.

Time spent on the bridge gave me time to ponder the absence of barges on the frozen channel below. Like the Phoenicians before, the advent of container shipping and free-ish trade brought about a global prosperity. Trump has vowed to re-introduce a global disparity. Maybe tariffs will rejuvenate Motown, but if the Asians can build desirable cars with American labour why can’t the Big Three? Only 2 of the 3 break the top ten in worldwide sales (#3 Ford, #7 GM). They used to own it. Could it be a management issue? Or are all the smartest kids enrolling in “financial” engineering so they can pay off their student loans?

I don’t know whether the CBC will remake  “Here Come the Seventies”, but the cost of higher education has more than tripled in 20 years, while the price of a TV has decreased by 90%. Is it just a coincidence? Global debt (public and private) is higher than any time in the “history of humanity”, while asset prices reach for the sky.  Another coincidence? Some of us will do very well when interest rates rise above the real rate of inflation, if we keep our heads.

Unfortunately,  I missed the hockey game today, but it sounds like the women didn’t even need to put on their makeup to out-class the Finns.  Go Canada!
The US is up next, Wed. @10 pm, our time. No need to wake and bake.

#68 Bytor the Snow Dog on 02.13.18 at 7:35 pm

Billy Morneau sez:

“In doing so, it will reward curiosity and foster the kind of creativity that will allow us to innovate and maintain our competitive edge in the fast-paced and increasingly global economy.”

What kind of curiosity Bill? Bi-curiosity? Oh, sorry, I assumed there are only two genders.

Speaking of genders, I finally got SCM figgered out. S/he is lesbian/gay so s/he is supports Wynne as a one issue voter.

#69 Ex-Cowtown on 02.13.18 at 7:37 pm

And BTW, am I the only one who figured out that 420 is actually a skin-head code? It’s Hitler’s birthday. And that’s why you shouldn’t smoke weed kids; it makes you THAT stupid.

But then again, our soy boy PM couldn’t use Google either I guess.

#70 Terry on 02.13.18 at 7:39 pm

Canada’s social, religious and political culture is traveling downhill very quickly and alienating & dividing many people and groups in it’s wake. Our immediate and extended family members are all becoming quite disgusted with what’s happening in Canada anymore.

#71 Loonie Doctor on 02.13.18 at 7:40 pm

#33 Michael King

I am less concerned about the dividend tax credit since it is there to account for tax paid already by the business giving the dividend. Avoiding double taxation is supposed to be one of the pillars of an integrated tax system. Then again, they are proposing double taxation of passive investment income in CCPCs, so that sort of principled approach may not matter to them when it is politically expedient. You may be right.

I am more worried about the capital gains inclusion rate. It is a much more arbitrary tax break meant to encourage investment to grow the economy. I can hear it now, “Only rich people can invest, you know. So, we need to make sure that they are brought down and pay their fair share. Don’t worry, we will take the money from those investors and invest it for them since we know that the new economy is about valuing people rather than making money.” Hopefully I am being overly pessimistic, but these folks have an insatiable spending problem, think they know best, and need to finance it all somehow.

#72 Paul on 02.13.18 at 7:41 pm

Hi Garth:
Generally, I agree with what you have to say, but not today.
Currently I can brew wine and beer in my apartment with no issues. If a carboy breaks and leaks into the suite below, insurance will cover it. I don’t brew, however. Why? Because it’s easier to get quality beer just a few steps away at the local store.
I can’t run a still. Why? Because it produces explosive alcohol vapours which pose an actual physical danger to those around.
I could grow basil as home too. I’ve been thinking about it for 10 years, but I’ve never done it because I can get basil around the corner.
I could grow pot, if I smoked it, but I wouldn’t because there are places to buy incredible buds all over the place already. Why would I grow an inferior quality plant when I could buy any of 50 different strains down the street? All grown by experts.
I know many pot smokers (yay Vancouver), but I doubt any of them will grow in their suites. None have expressed the desire. The quality would be inferior and cost too high when you compare it to what you can get commercially.
Regarding the smell? Well you must have heard of vapourizers. Virtually all of the smell has been eliminated with technology. If I were to vape in my suite I doubt you could smell it if you put your nose to the crack under my door. Cigarettes are 1000 times more smelly, though those are going the same way with a new tobacco vaourizer that recently became available in Canada, as well as PG/VG liquid vapourizers.
It’s a ridiculous fear you’re pushing, and it surprises me a bit because I thought you were against excessive regulation.

#73 Ustabe on 02.13.18 at 7:41 pm

All of you all moaning about the SCM post above…read it critically.

That is not SCM’s “voice”. It is someone typing in SCM in the name field and then putting down crap to inflame. And to impugn SCM.

SCM’s posts, whether you agree or not, are articulate, pointed and generally contain a modicum of intellectual awareness.

The post above is a fraud and you brainiacs all fell for it.

#74 Steve Thompson on 02.13.18 at 7:42 pm

“The Government of Canada is taking the next steps in transforming the economy so that it works for the middle class by ensuring everyone has the opportunity to succeed.”

It’s called socialism.

#75 Pete from St. Cesaire on 02.13.18 at 7:49 pm

Canada is changing their laws concerning Pot. In the same proposed law change they are going to impliment mandatory roadside drug testing and mandatory jail time for impaired-driving offences. What about people who live in apartments where the smell of pot is everywhere. Second-hand pot smoke will be a big concern now since it shows up on drug tests. Consider this scenario: You walk out of a restaurant and right into a cloud of 2nd hand POT smoke on the way to your car. Now you have to worry about whether or not you should drive home; not because you’re impaired but because you might test positive for pot at some checkpoint. So the government is going to allow pot smoking to become more commonplace and at the same time make everyone responsible for the second-hand pot smoke that they come into contact with. Imagine the amount of children that CPS will be kidnapping due to trace amounts of pot being found in or on the child. This is of course the end goal; an increase in the police state and its draconian powers (to make everyone guilty until proven innocent) with the full support of the population who already think that Gestapo style “paper`s please” checkpoints are a good thing when it comes to looking for impaired drivers.
Also, the drug testing consists of saliva swabbing which will allow the government to add to their DNA database. This might be the ultimate goal of the whole scheme.

#76 Ace Goodheart on 02.13.18 at 7:50 pm

RE: Mary Jane grow ops and burning one down indoors: Ontario plans to “license” marijuana the same way that beer, wine and liquor were licensed following the end of prohibition: You can only smoke it indoors or in a private place (like your backyard). No public consumption.

Go to Montreal and you’ll see the difference that lack of prohibition makes. Drink a beer or have a glass of wine in any park you like. You will not be arrested.

But I digress. Alcohol is a liquid. If our government wants to hang prohibition over our heads for the rest of natural time, for purely economic reasons, so be it.

Marijuana is consumed by burning a toxic substance known as THC and inhaling it, to lose self control, become disinhibited and generally feel nice. Cue big stoner grin. Ahhhhh…….

So the Ontario government decides to basically “hot box” buildings, and force everyone to smoke pot only indoors.

Are they absolutely bonkers? Like purely totally and off the tree stump nutsos? We have just got finished banning cigarette smoke basically anywhere indoors. We are finally for the most part smoke free. So our idiotic government, in its extreme total lack of wisdom, now will replace cancer causing cigarette smoke, with toxic, behaviour altering THC?

I had a bunch of stoner friends in high school. Never touched the stuff myself (I am a beer man through and through, brew my own, which is better than what they sell at the beer store). They were cool, a bit dense, kind of distant most of the time, didn’t go to class all that much and not the sharpest knives in the drawer, but seriously the most friendly people I ever knew. Always happy.

I have absolutely nothing against stoners and I always thought they should legalise pot, so these poor unfortunate and always happy people could stop getting arrested for just living their dream.

But why force them to smoke it indoors? I mean, even my stoner friends in high school knew that pot is best smoked in a well ventilated area (like the lower level guy’s bathroom with the big window at the back that opens all the way). Who has ever heard of a Condo in Toronto with windows that open?

This is seriously stupid. Please, let stoners smoke their dope outside. Preferably as far away from a building as possible. Why not have designated stoner areas? Maybe next to the designated cigarette smoking area?

RE: Morneau’s desire to equalize…..yup, identifying as female for tax purposes next year.

#77 bigtowne on 02.13.18 at 7:51 pm

No doubt renters are challenged in the big cities in Canada…RioCan Reit has its challenges starting back in April, 2015 when glorious Target slammed the doors on my worshipping face. I am damaged goods as a consumer but RioCan as a landlord should go where there is demand converting those dead big box temples to rentals. In America it is common for apartment reits to own “affordable units rented according to income” so that the units are specified for specific incomes. In Canada or in many cities incomes in the $30,000 to the $55,000 are very common. This is not social housing developed by the government but Oakville and Burlington would have to forego the $80,000 development fees per unit to allow people to rent these units. They are not welfare units or social housing but keeping the “inclusive” in cities and towns across Canada filled with people who actually live and work in the hoods. Socialism has killed common sense no doubt.

#78 Sue on 02.13.18 at 7:51 pm

If the liberals mess with the retained earnings. They will have pissed off pretty much every small business owner dr, lawyer,acct. not to mention farmers and fisherman, So they will be sealing their fate for 2019. Lets get these morons out of office before the damage is irreversible.
Speaking to a lot of professionals who are planning to work less/ cut hours or just retire. Enough is enough.

Loved that fable from one of the comments yesterday. Going to read it to the kids at bedtime tonite:)

#79 dr. talc on 02.13.18 at 7:53 pm

With that IQ (all 20 units of it) he can not be Fidel’s illegitimate son.
No way.

All MSM unanimously ridiculed the Fidel hypothesis, offering a timeline of ‘official visits’ as rock solid evidence. It’s a good thing the ruling elite don’t have private jets, private parties and private islands.

#80 Hicksville Alberta on 02.13.18 at 7:53 pm

#59 Danny

” These are the hypocrites of our time and hiding behind the smoke and mirrors of “medical pot”. ”

I think maybe you need to catch up with the times Danny.

Medical cannabis properly prescribed has many good uses and probably many more to come.

I know two people actually being treated for serious cancer diagnoses with cannabis and so far it has been non invasive and is working well.

I know several older people around here being prescribed with cannabis for various chronic sickness problems that have found some real relief with these treatments.

Most if not all of these people have never smoked a joint in their lives.

I know of at least two local doctors in my community that are actively prescribing cannabis to their regular patients to remedy or for relief of things that were usually treated differently with the usual protocols that had much less effect than the new treatments.

So perhaps it may pay you to spend a bit of time free researching what is going on with medical cannabis in the health world today, and perhaps don’t dis what you don’t know much if anything about.

Maybe you or someone you know may benefit very much at some time with such real alternative treatments and it might be nice if you were in a position to be of help to someone by gaining some insight and knowledge so as to be able to look at things with a more open mind.

#81 When Will They Raise Rates? on 02.13.18 at 7:57 pm

There is zero chance that the Ontario gubmint will ban smoking pot in apartments, that would be discriminating against the poor – ie, their base. Not happening. And as for no pot clauses in the lease, those will be successfully challenged in the courts and tribunals. Landlords are screwed.

#82 john m on 02.13.18 at 7:57 pm

Interesting topic :-)

#83 When Will They Raise Rates? on 02.13.18 at 7:59 pm

And besides, if they disallow it in public places, where else is an apartment dweller to smoke his/her pot?

#84 Freebird on 02.13.18 at 7:59 pm

Garth betting you’re really popular with certain Cdn HGTV hosts making a good living giving seminars on how to make money from real estate.

#85 Bytor the Snow Dog on 02.13.18 at 8:00 pm

@73 Ustabe- Nonsense. That’s SCM all the way. BTW, I voted to let her stay.

#86 jim on 02.13.18 at 8:00 pm

” equality, and a more competitive, diverse and inclusive Canada”

What on earth does this melange of buzzwords actually mean?

Left wingers these days are starting to remind me of cultists or 13th century religious fanatics. As long as you invoke the right shibboleths, you are praised (e.g., diversity, inclusion). The slightest deviation from orthodoxy and you are a heretic.

I remember the old days when the left would do things like worry about worker’s rights, the environment, the growing power of the financial industry, war, international trade agreements that sap national sovereignty, etc.

These days I see leftists praising the same trade agreements that they fought against in the 90s (e.g., the WTO).

Anyhow, there is no such thing as ‘equality’. Just watch a nature documentary. Attempting to enforce ‘equality’ is one of the worst ideas in political history, as shown by the Soviet Union.

Not to mention that the term ‘competition’ implies that there are winners and losers, which doesn’t sound very equal to me.

Enjoy your ‘equality’. I can tell you who is going to be paying for it.

#87 Ford buddy on 02.13.18 at 8:03 pm

Garth, never mind the financial stuff, just run for office, Doug needs someone like you now with real experience.

Think about it.

#88 Rooster on 02.13.18 at 8:04 pm

#13 MF on 02.13.18 at 6:08 pm

Such complete and utter nonsense on all counts. Where did you come up with this drivel exactly? What personal life experience has led you to come to these conclusions? They certainly are not based on facts.

And yes, I realize you only make your closed minded nonsensical posts on cannabis to troll for responses such as this. I finally bit. Hope you are happy.

#89 down and out on 02.13.18 at 8:07 pm

Landlords worried about weed ,what about comfort animals like a 50 kgs hog stinking up the place just ask the airlines .

#90 Grey Dog on 02.13.18 at 8:14 pm

Remember Westminster Dog Show is on National Geographic Channel tonight Best is Show 2018 to be determined in a couple of hours.

Bandit says there’s a chow up in the non-sporting (and recreational eating) group. – Garth

#91 Dominoes Lining Up on 02.13.18 at 8:18 pm

Not a big pot fan, thought have tried it. I find increasingly the gross smell in Toronto and Vancouver seems to be everywhere, you notice it daily in public areas, and really intrudes on air quality, more so than cigarettes.

A lot of people in ‘high value SFD investments’ will find their backyards often unusable in summer, especially those who have kids. Also, a lot of apartment and condo stock from pre-1980s (which is still most of it) has ventilation that allows for gaps under the unit doors and much freer air flow through the structures. Just imagine the problems that are about to beset those living in high rises, not to even mention the smell from the balconies all around you.

On a different note, here’s another domino getting ready to tip over, disturbing news about how many people are now turning to payday lenders:

http://www.cbc.ca/news/canada/toronto/ontario-payday-insolvency-growing-1.4532866

#92 POT DELIVERY IN THE WEST END on 02.13.18 at 8:20 pm

I just noticed there is a new kind of courier company that Amazon has teamed up with. It’s just in the West End (downtown Vancouver) for now but they have plans to expand. One thing, among hundreds of others, they are talking about delivering (at least some shareholders on StockHouse are contemplating) is one hour marijuana delivery !! I would normally say o yah yah but they did just announce an Amazon contract a few days ago. Their shares are going nuts apparently as word spreads. The company is called Parcel Pal. Anyway I thought this might be of interest since The West End has the highest % concentration of population living in units in towers than anywhere in N America.

#93 Fluorine on 02.13.18 at 8:21 pm

I found this fascinating…

https://www.reddit.com/r/AskReddit/comments/3rg53p/serious_people_in_states_that_have_legalized/

#94 joblo on 02.13.18 at 8:22 pm

http://torontosun.com/opinion/columnists/bonokoski-ottawa-still-waiting-for-the-promised-big-penny-to-drop

What ever happened to this BIG revelation?

#95 POT DELIVERY IN THE WEST END on 02.13.18 at 8:22 pm

Further, now that I mention it, Amazon has been in the news lately for wanting to take over the courier industry. Could this have something to do with this and are bicycle couriers allowed to ride stoned? LOL

#96 Dominoes Lining Up on 02.13.18 at 8:23 pm

BTW, when it comes to landlords, they should check the law. In Ontario, for example, you can put a clause in a rental agreement saying ‘no pets or smokers’.

But, once moved in, a tenant can usually smoke or get a pet, and legally they cannot be evicted. Same goes for bringing in others to share the space, who may have their own habits. Look it up.

Will we end up with some forms of ‘gated communities’ that form to try to disallow marijuana use?

#97 IHCTD9 on 02.13.18 at 8:23 pm

#8 Jag Mann on 02.13.18 at 5:59 pm

This seems reasonable, considering that your net worth is increasing with each principal payment, no?
———-

You go to the bank to put a lump sum down on the principal of your mortgage.

You pull 100.00 from your wallet and give it to the bank. Your net worth just dropped 100.00

The bank applies the 100.00 against your debt, reducing it by 100.00. Your net worth just gained 100.00

You go home with the same net worth as you left with.

#98 Fluorine on 02.13.18 at 8:24 pm

Sorry… that was an old link. This is the more recent one:

https://www.reddit.com/r/AskReddit/comments/7x0nk4/serious_people_who_live_in_legal_states_but_dont/

Sounds like we are in for interesting times!

(G: You can delete the above comment if you want!)

#99 Capt. Serious on 02.13.18 at 8:24 pm

Re: the Morneau blurb, I assume he means they’ll cut taxation on stock options and add more R&D tax credits. Just kidding, the joker is going to tax the pants off capital gains because he is running out of other people’s money.
Honestly if the Libs take that step, I’ll vote for a potato in the next election.

#100 AdrianT on 02.13.18 at 8:34 pm

#19 Stan Brooks on 02.13.18 at 6:30 pm

“…focused on reducing the net debt-to-GDP ratio — also known as the debt burden — each year. How would you pay debt when you keep running deficits? By inflation.”

*****

No, sorry, that’s incorrect. Government tax income scales with the growing GDP, so the debt burden decreases as Debt-to-GDP falls. Sovereign government deficits are necessary for the proper functioning of a monetary economy, as it enables the private sector to save without generating a private banking & debt crisis. Professor Steve Keen explains in this video:

“How Austerity Works”
https://youtu.be/0y5rP56OX78

As for small-time landlords, Garth, they are largely responsible for creating this real estate bubble in the first place. Private borrowing from banks creates money, which means more highly-leveraged buyers creates more money chasing the same housing (=higher prices). Steve Keen explains the correlation between changes in mortgage credit & changes in house prices:

“Debt, savings, house prices and money”
https://youtu.be/9C0_lBVJKng

We claim to be a home-owning society, but when so many people are also trying to own rental properties then all the would-be landlords are in direct competition with renters who are trying to buy, and the greater combined use of leverage in real estate drives up prices.

#101 Ken semotiuk on 02.13.18 at 8:34 pm

You can always sell pot flavoured ice cream

#102 robert james on 02.13.18 at 8:36 pm

So with pot becoming legal , how will this affect the Hell`s Angels bottom line ?? Will we see some of the boys at the local food banks in the near future ?? I suppose there is still money to made in prostitution although with the “Me Too” movement that might be getting a little dicey as well..

#103 mathman on 02.13.18 at 8:37 pm

Find it hard to believe that legalization will lead to a flood of grow ops. Those that consume MJ can and do with ease today, making it official will not change the numbers. Maybe some will try it occasionally for fun but the number of regular users will not change.

As far as smoking of any kind in buildings – condo boards and or landlords should absolutely have the right to ban this. The last building I lived in I had to organize all of my neighbours against one of the people on the floor who among other things would chain smoke in her place. It goes through the walls, the vents under the doors – no respect for anyone else and thankfully after two years we were able to get her punted. It is no different then in a workplace or a public space, in fact it is worse. To cut off the slippy slope make it a law for multi-unit residental properties of any kind and if you have a single family home then its your funeral if you choose to consume in your own home.

The surgeon general in the US said that tobacco smoke can kill in 1965 and over 50 years later we are still having the debates on whether to allow this is buildings – bewildering.

Math

#104 fishman on 02.13.18 at 8:38 pm

In the Glory days indoor grow-ops were the best thing that happened to slumlords since sliced bread. Imagine some long legged, good looking, dirty blonde rolling up with an envelope filled with $3000 U.S. for a months rent. And yes everything is fine & nothing needs fixing & we’ll take care of the yard. But,But, I’ll need a check &I’ll come over & check on the place?

The main problem was the juice bill. Hydro would would notify the Queen’s cowboys. Growers started bypassing the meter & drawing off huge power at night cause that was their daylight cycle. One night in Quilchena (now 5 mil a house) the transfer station blew. The Taiwanese Chinese (2nd wave after the Cantonese & before the Mainlanders) were buying up the houses & renting them for cash, no questions asked. The growers just kept piling into the neighbourhood. The flames were 70 ft. high & the smoke black & nasty( all those PCP’s burning in the bucket)sirens, cops & firetrucks. The guilty consciences were piling into their vehicles & leaving.

It was only a hiccup. Hydro got the power back on & everybody went back to business. There was so much money to be made. What brought everything to a screeching halt were 2 black swans that flew into 2 buildings. Couldn’t get to market. Dribs & drabs but the gold rush was done.

#105 Freebird on 02.13.18 at 8:40 pm

According to the link below our PM was opened to legalization by Tweed Marijuana licensed producer cofounder Chuck Rifici and pushed for competing dispensaries/sellers to be arrested/shut down. He’s also CFO of the Liberal Party. Interesting if true…

https://potfacts.ca/the-liberal-party-elite-is-heavily-invested-in-the-medical-marijuana-licensed-producers-mail-order-business/

#106 Long-Time Lurker on 02.13.18 at 8:42 pm

Now I can say: The whole country’s going to pot.

No one here knows who Wells Fargo is, I guess. You may be finding out in a couple of months. Technical Analyst and tc contrarian, you don’t know either?

#107 mathman on 02.13.18 at 8:43 pm

I would wager a good sum that the vast majority of condo landlords in the GTA would not know a cap rate from the price of a hat.

It is 100% focus on the capital appreciation and the whole house of cards is built on this fallacy. Sooner or later lots will get it once prices start moving south, you will see a rush to the exits with no big in sight. Then those successful and numerate landlords will buy at pennies on the dollar at 8-10+ % cap rates.

I’m not that popular, and half the people I know have a rental condo. Cheap money and year over year price gains lead to overconfidence bias which then leads to said amateur landlords buying more and more properties until the music stops and they are cash flow negative thousands each month and the transaction costs to sell creates losses on every condo in their portfolio.

Math

#108 Ronaldo on 02.13.18 at 8:46 pm

#26 Blessed_Canadian_Millenail on 02.13.18 at 6:23 pm

Mr T., the fact that debt repayment is not wealth creation is true. But doesn’t paying the debt down INCREASES your net worth?
—————————————————————–
What if the value of your property falls in value faster than the amount you are paying on the debt? A lot of reluctant landlords could find themselves several hundred thousand dollars underwater once this real estate bubble bursts and it could be years before they break even.

#109 Old Ron the Realtor on 02.13.18 at 8:47 pm

Considering that Ontario will sell the stuff at a very reasonable $10 a gram, and the law will permit only 5 plants to be grown in one place, it is unlikely anyone will invest in a grow op. In fact it will put an end to Grow Ops once and for all. Which is a good thing for home buyers and realtors alike.

Weed is currently a multi-Billion Dollar business in Canada. I would rather have that money going into schools, hospitals and law enforcement rather than the pockets of organized crime.

It is Legal in Colorado, Massachusetts, Washington, Oregon, Alaska, Nevada, and California, and the wheels haven’t fallen off. New York is looking at it. New Hampshire legalized last month. Michigan is drafting legislation as well. Canada is actually a little late to the party.

Although I think it should continue to be illegal in Saskatchewan and Alberta. They complain too much about it. Besides, they will try to politicize the legalization by attributing every single crime committed on the prairies to the Devil Weed. Geez, no wonder BC won’t give them their pipeline.

#110 millmech on 02.13.18 at 8:50 pm

I do not see much of a future for weed companies and the reason why is that on the street pot is being sold for $45 a quarter ounce, that is high quality bud that is half the price of legal weed.
Also the police are not going to kicking down doors for people growing anything less than twenty plants, and if you sublet every room in a five bedroom house, it is all legal and still profitable at $5-$6 a gram.
Four hundred and fifty three grams in a pound and each plant produces four pounds a year, street legal that could be $8000k per plant per year. Hell sell it for $2 a gram it will still yield $3600 a year per plant, why would you buy MJ stock, just do the math. So every house could have at least a 12k mortgage helper in the basement tax free.
Canada Rocks!

#111 Long Branch Apprentice on 02.13.18 at 9:02 pm

Reefer Madness!!

If you worried about TO high rises turning into grow-ups, might I remind you that a Liberty Village condo meth lab blew up not long ago, as did another apartment close just north of Queen.

Lighten up Garth, in fact some sativa might do wonders to your writing abilities.

And to SCM, you know Ontario now spends more on interest on the debt than they do on education right?

#112 Financial Orchid on 02.13.18 at 9:05 pm

Garth’s explained cap rates and ROI much more concisely than I have.

A lot of people gleaming on this site for advice forget that Garth is not against real estate as an alternative asset and income generator, but it all comes down to where there is opportunity that generates fat ROIs. Some in the US believe it’s the heartland of America right now. We can all agree it’s not in any coastal city, where the weather is mild, and the summers are filled with romantic ocean view sunsets, and the air smells like marine.

From a Moister to another Moister who is now forced into landlording because you read this article too late, here are some aftermath workarounds to consider

http://financialorchid.com/accidental-landlord-short-term-rental-or-traditional-rental/

#113 Paul on 02.13.18 at 9:06 pm

#102 robert james on 02.13.18 at 8:36 pm
So with pot becoming legal , how will this affect the Hell`s Angels bottom line ?? Will we see some of the boys at the local food banks in the near future ?? I suppose there is still money to made in prostitution although with the “Me Too” movement that might be getting a little dicey as well..
————————————————————————————————
You want dicey, out an Angel then you will see dicey!

#114 groovin123 on 02.13.18 at 9:11 pm

What’s legalizing Marijuana going to change?

“Oh it’s legal, so now we can smoke it.” Said nobody, ever.

Oh man, the guilt I felt over breaking the law when I had the odd toke here or there over the last 40 years was unbearable!

I am definitely not a regular smoker, but I have to say, alcohol carries with it far more reaching consequences.

Now leave me to my Netflix and bag of Doritos. I promise I wont be out starting bar fights or wrapping my car around a telephone pole.

#115 conan on 02.13.18 at 9:17 pm

#102 robert james on 02.13.18 at 8:36 pm

I think all of the gangs will be forced to down size.
MJ is their big money maker, some were trading it for guns from the USA. Guns equal more gang violence.

Best thing to do is legalize it and tax it. We should have done this in the 70’s.

Its a popular drug and it is not a gateway.

#116 TheSecretCode on 02.13.18 at 9:28 pm

Pot smoke is a big problem and ruins living in a condo building where someone is doing it. It comes through the walls, hallways. This is a huge problem, all over the radio stations in Vancouver.

Mark the calendar for next week: “BC government is promising new legislation that will crack down on tax fraud, evasion and money laundering in real estate market.”

CMHC: A Quarter of Vancouver Real Estate Price Increases Can’t Be Explained

Right after CMHC publishes: Foreign buyers’ influence on Toronto and Vancouver housing markets is rising: report.

http://vancouversun.com/personal-finance/mortgages-real-estate/foreign-buyers-influence-on-toronto-and-vancouver-housing-markets-is-rising-report/wcm/c6cee824-aa1d-442e-afd7-f676e5c6f915

#117 mark on 02.13.18 at 9:28 pm

Garth,

Do you see potential in weed stocks, or do you think they are over valued. Thanks in advance

#118 ben on 02.13.18 at 9:32 pm

mathman – spot on. Many landlords are looking for extra gainz because they are not well paid because they are not numerate.

As you say, there has been no need to concern themselves with yield. Until now.

#119 ben on 02.13.18 at 9:33 pm

millmech:

> So every house could have at least a 12k mortgage helper in the basement tax free.

Why are they buying when they have plants in their own house?

Sounds like the same logic that says everyone can be a landlord. Debt is wealth.

#120 Steuy on 02.13.18 at 9:36 pm

I take it that you are referring to our Prime Minister as Mr Socks; A sock puppet . I ask you which Prime Minister of Canada has not answered to a higher authority in one form or another. Haven’t all our Prime Minister been for sale to the highest bidder. It goes with the territory. The Dope grower’s association must be lobbying Ottawa pretty well. They even have a Retire Toronto Police Chief in their ranks.

I hate to be a buzz kill but I don’t believe legalizing dope smoking is going to impact the black market one bit. It might lower the cost of the black market pot but as far as quality of the product and BLAH BLAH BLAH!!! It’s still shit your polluting your body with. It is carcinogenic and there are so many other side effects. One that I fear most is Doped-up Drivers. It is going to be a nightmare for the police to contend with and for Families to deal with the senseless loss of life. What a dumb idea. Provincial Governments see this as a cash cow for their coffers. Our cash strapped Federal Government is trying to attract the younger demographic vote.

Andrew Sheer is the wrong person to lead the Conservative Party of Canada. What a weiner! Why can’t we get someone with a pair to lead the party like Rona Ambrose? What about you Garth? I’m sure you have the support from all us Blog Dogs.

#121 non-Smoking Man™ on 02.13.18 at 9:40 pm

#72 Paul on 02.13.18 at 7:41 pm

Hi Garth:
Generally, I agree with what you have to say, but not today………
I could grow basil as home too. I’ve been thinking about it for 10 years, but I’ve never done it because I can get basil around the corner.

****************
I grow basil, oregano, chives, arugula, & parsley under grow lights (LED 40 W) from Oct to May. The plants I buy from the grocery, and the night light cycle (10¢/day) lets me harvest for a month or more. I am hoping to expand my herbarium soon. I won’t smoke it though because I don’t like cancer. The gentle heat of a vape will release only the good molecules, and the fresh herbs will be super tasty.

#122 Bob on 02.13.18 at 9:41 pm

“the next steps to equality”

Makes me think of George Orwell’s Animal Farm. “All animals are equal but some are more equal than others”.

#123 IHCTD9 on 02.13.18 at 9:45 pm

#45 FOUR FINGERS WATSON on 02.13.18 at 6:55 pm

And who is gonna buy pot from a store and pay gst and pst etc.? People will grow their own pot legally now or have little underground grow op sideline businesses that undercut store prices and produce “under the table” untaxed cash flow. Marijuana is a weed and is easy to grow. I think pot stocks are gonna be a bust.
———

I have an ex mechanic bud who moonlights his services ’round the subdivision, makes a pretty good buck at it too. We were just talking about this the other day. Once what little stigma remaining over pot use and distribution evaporates, the cash money dealers are going to sprout like.. uh, weeds IMHO.

I also think weed sales will be hard pressed to feed the new bureaucracy here in Ontario. Big profits like the 100+% on alcohol will be needed to stay in the black when everyone involved is on the sunshine list and has a DB pension. Meanwhile, every dude with a back yard will be selling their stuff off to anyone who doesn’t own any dirt at half the cost of the government.

The first thing to go will be the ability to legally grow your own, but good luck closing that Pandora’s box once it’s been opened. It’s going to get real expensive controlling everyone when all of them can grow it out back legally.

#124 Boombust on 02.13.18 at 9:49 pm

#116 The Secretcode

Do you ACTUALLY believe in that rubbish the Vancouver Sun (along with other Postmedia sites out there) prints about this bubble?

The Sun (Fake) Newspaper is the biggest RE shill organization out there bar none.

Tabloid journalism all the way.

#125 AB Boxster on 02.13.18 at 9:50 pm

40 years trying to convince the population that smoking is bad for you.
But now toking up as much as you want is a great thing?
How progressive we are though.

Scientific and medixal evidence that THC can cause issues in developing brains under the age of 25.
No worries. We will sell to those 18 years of age. Screw science.
(Well unless its science about climate change. All of this must be unconditionally believed)
How progressive we are though.

Years spent trying to prevent deaths from drinking and driving.
Despite some of the best roadside testing in the world, deaths continue.
But cannabis?
Nope, no effective way to test for it, so toke up all you want and drive all you want. [email protected] those who will die as a result.
The cost of being progressive.

No idea whether to treat this as cigarettes or alcohol, how to manage in multifamily dwelling, how to control secondhand smoke ( which is atrocious and sickening from a cigarette and can kill you, but highly progressive coming from a joint) unable to test for inebriation, no rules regarding usage in critical occupations (not OK for airline pilots to have any alcohol prior to flying, but no rules or tests to confirm if a pilot has just smoked 5 joints).
That’s just being progressive though.

Another Liberal schmozzle, courtesy of Mr. Socks and his merry band of virtue signallize progressive idiots.

#126 YVR Renter on 02.13.18 at 9:54 pm

Ha ha for those of you who don’t live in Pot city -Vancouver- you cannot walk anywhere without smelling spliffs. Hucksters set up tables in our supposed town square, Robson Square, in front of the art gallery and freely flog unauthorized, unchecked pot and marijuana foods. Not that there’s anything wrong with that, lol

#127 Adrian on 02.13.18 at 9:57 pm

My neighbor’s got something growing in the basement (row townhome rental). Every time i go dowstairs, the unmistakable punjent sweet smell of ganja permeates the air. If that wasn’t enough, the whole neighborhood gets the message every evening when he lights up on the front porch, rain or shine.

Some are getting a head start. I’ll probably do the same with a plant or two since I’ve got a bit of a green thumb and understand the process quite well. :)

So much for the expected tax revenue.

#128 Slim on 02.13.18 at 9:58 pm

Where are the studies that show “medical” marijuana even works. So far I haven’t seen anything creditable. Besides, filling your lungs with pollution can’t good for you.

Good article about this is here: https://sciencebasedmedicine.org/medical-marijuana-where-is-the-evidence/

#129 Screwed Canadian Millenial on 02.13.18 at 10:01 pm

Here I thought that boomers lightened up on cannabis legalization since the Evil Robot from Alberta was defeated by The Great Trudeau. Boy was I wrong. This comment section is pure Reefer Madness. Thank god you boomers are no longer in charge, Nixon’s War on Drugs would still be alive and well, locking up poor people and of course minorities. I’m surprised Nancy Reagan didn’t post here saying “Just say No”. You boomers need to lighten the hell up and stop getting involved in other people’s lives. I know you love big goberment and using it to control what people do with their lives (women getting abortions, gay people getting married, people smoking weed) but this is ridiculous.

How ironic that some of you are probably Rob/Doug Ford fans. A family of drug pushers and crack addicts. You guys should worry about the epidemic of rural conservatives ODing on meth.

Alcohol, tobacco and increasingly prescription pills are the killers. Not marijuana.

And what the hell happened to personal liberty & “a home is a man’s castle?” Funny how when it comes to fossil fuel companies polluting the air & water, banks crashing the economy with complex financial instruments or just generally poor people getting screwed over, conservatives are all about “muh freedoms”. But suddenly when it comes to what a free person does in the sanctity of his/her own home, you people are up in arms.

What a joke.

Boomers… never again.

GOOD NIGHT!

2/2

#130 MF on 02.13.18 at 10:05 pm

#88 Rooster on 02.13.18 at 8:04 pm

It’s not drivel. The science that exists says MJ hinders cognitive development in adolescents and leads to more drug dependence over time.

Who do you think is most at risk of giving into pressure to start smoking?

The fumes also hinder the development of the fetus prenatally. A concern since weed fumes envelop the air around smokers, putting everyone around them at risk of second hand exposure.

Aside from the societal and personal effects (there are more) I think the reason that none smokers are upset is because we all know this was nothing but a little ploy for votes. A reckless disregard for our society, all for personal gain at the very top. Appalling.

MF

M34ON

#131 IHCTD9 on 02.13.18 at 10:06 pm

#48 PastThePeak on 02.13.18 at 6:56 pm
I think voting for K. Wynne is a good idea. Two reasons. First is that the Liberals should have to own their mess, rather than some poor other shmuck party.

Second, people can’t seem to grasp a problem until it is a catastrophe, so we need to hasten Ontario’s demise to get to the bottom, and voting Liberal is the best you can do. Then we can start to rebuild.

This will take awhile though, so I think two more Liberal terms will do it.
——-

100%

Too bad it’s come to this. It’ll take multiple consecutive majorities by a party that makes fixing the economy the #1 priority to get anything done at this point.

Canadians will never allow this though, and what party could ever get a single majority here running on fiscal and economic repair, and the pain that comes with it in the first place?

I will hold my nose and vote, race for retirement, and formally pass the torch to whoever still has a job in the private sector at the time.

#132 Mark on 02.13.18 at 10:13 pm

“CMHC: A Quarter of Vancouver Real Estate Price Increases Can’t Be Explained”

If you listen to Ross Kay’s latest on TalkDigitalNetwork, he claims that the CMHC basically is incompetent and/or is basically a tool of propaganda from the RE industry. Well worth the listen if you aren’t already.

Considering that Ontario will sell the stuff at a very reasonable $10 a gram,

Reasonable??? For something that is similar in production difficulty as standard garden herbs? $10/gram is highway robbery. I’m told that a gram is roughly a joint, a joint is like a beer in terms of intoxication. I think most of the population would not pay $10 for a beer.

#133 Hamsterwheelie on 02.13.18 at 10:15 pm

Yup. We were just discussing this on our way to Home Depot this morning. Growing weed surely counts as some kind of farming? Could we rule out agricultural activities in a rental – what about Basil, Rosemary, Aloe plants? – our tenants have occasionally asked to grow veggies in the garden but weed has a whole other reward & price tag incentive. My husband remains constantly horrified at the controls placed on landlords (cannot ask for a security deposit, cannot evict without a lengthy and expensive process for defaulting on payment etc) Happily all our tenants have been excellent and our cap rate falls somewhere around 6% – we lucked into a great little city with beautiful properties and cheap prices. Not too worried about the grow op and will be insistant that smoking anything is done outside – failing that, most will likely default to my dads old trick of blowing it up into the extractor fan/ range hood on max. (To avoid the hassle of a confrontation with the landlord or anyone else who can smell it) We have enough to worry about with income splitting, Air bnb restrictions, (we have a combination of long and short term rentals) rising interest rates and possibly failing to qualify for renewing our own mortgages (as low as they are we are still self employed) Banks have consistently failed us while rewarding folks who borrow beyond their means to live in McMansions without income potential based on tge earnings of 1-2 people who could lose their job at any time. It’s ok, someone is always willing to lend you money based on the actual value of your property at merely triple the bank rate, plus fees, if you are really ready to gamble. What could possibly go wrong?

#134 april on 02.13.18 at 10:18 pm

#116 – listen to Ross Kay at Howestreet Feb 12. CMHC—- What a bunch!

#135 MF on 02.13.18 at 10:19 pm

109 Old Ron the Realtor on 02.13.18 at 8:47 pm

Sorry no. Why don’t we reduce spending instead of risking harm to society all in the hopes of “tax revenue”?

14 groovin123 on 02.13.18 at 9:11 pm

So alcohol is bad enough, that means we should introduce a second drug? That’s not logical at all.

And yes, since the Libs got elected, all that has filtere down to the average joe is “it’s legal!!!”. I work with the public and I can’t tell you how blatant people are with the stuff these days. The stench is everywhere.

MF

M34ON

#136 Buddy on 02.13.18 at 10:24 pm

Yeah – to the guy above me. We need a leader with big gonads. Aint got time for this Sheer guy. Or Trudeau for that matter. We need an old, seasoned and well versed person in office that doesn’t mince words. If I was to guess Id say Trudeau and Sheet are regular tokers. And you damn well know May is sucking on some infused purple candys to help her sleep. No decision on the weed is going to please everyone and worst case we just hve a moderately more dumbed-down, passive society. I dont really mind the legalization as long as the people that do need it for health reasons are able to get it and get it cheaply. Thirteen a gram is too much. If its so plentiful sell it for 5 and add tax. But everyones gotta get a piece of the pie. We’ll be paying 20 a gram for a bag of leaves in no time, 75% of it tax and fees. Give me a break. Tax grab. Appeals to the people. Indifferent acknowledgment of the health/societal impacts makes for a classic political decision that will be seen only as our society gets a bit wonkyer, a bit sleepier and a bit weirder. And Gartho, just run for office, or encourage someone you know to run for office. I cant stand this purgatory of political numbskulls any longer.

#137 Big Daddy on 02.13.18 at 10:29 pm

Any govt that drugs it’s people should taken out and publicly caned. How absurd that this country has been flushed down the toilet so quickly. Frightening what a Liberal election and shudder…, reelection might do.

#138 Buddy on 02.13.18 at 10:34 pm

@130 Mark

You really have no idea what you’re talking about. Smoke a joint for the first time and it will turn your life upside down by giving you a sweet shot of personal reflection and self criticism. A joint is not roughly the same level of intoxication as one beer. Smoke one one gram joint to yourself of todays weed you’ll be pinned to the couch unable to move in a deep state of ‘wtf’ and ‘omg’ i cant believe i made all those incorrect correlations between the tsx, real estate, interest rates and the canadian dollar. Just kidding, but really, weed now is strong, very very strong and it will mess you up big time. Agree on the premise of your comment though.

#139 meslippery on 02.13.18 at 10:36 pm

Long waiting list for this apartment if you don”t like smoke I will just rent it to a smoker.
Go find a better apartment.
Easy button.
Not the landlords job to be the police department.

#140 Slowly Boiling Frogs on 02.13.18 at 10:42 pm

Driving will be interesting after July 1st:

http://www.newsweek.com/420-international-weed-celebration-deadly-car-crashes-802566

“People are 12 percent more likely to die in a car accident after 4:20 p.m. on April 20 than on any other fair weather afternoon. To some, this may not be a surprise: April 20 is the day for smoking pot, and 4:20 p.m. is the time. Researchers from British Columbia looked at 25 years of data about fatal traffic accidents in America and published their analysis in JAMA Internal Medicine on Monday.”

#141 akashic record on 02.13.18 at 10:43 pm

Plant spirits are good teachers and healers. You can ask them to heal you, and they can decide whether they do it or not.

That’s what the wise people said for thousands of years.

I haven’t had prescription drug for a couple of decades now, except the dentist’s needle.

Maybe just luck or learning how to ask with humility and feel gratitude for the amazing gifts surrounding us with Great Mystery.

#142 Stan Brooks on 02.13.18 at 10:45 pm

#100 AdrianT on 02.13.18 at 8:34 pm
#19 Stan Brooks on 02.13.18 at 6:30 pm

“…focused on reducing the net debt-to-GDP ratio — also known as the debt burden — each year. How would you pay debt when you keep running deficits? By inflation.”

*****

No, sorry, that’s incorrect. Government tax income scales with the growing GDP, so the debt burden decreases as Debt-to-GDP falls. Sovereign government deficits are necessary for the proper functioning of a monetary economy, as it enables the private sector to save without generating a private banking & debt crisis. Professor Steve Keen explains in this video:

“How Austerity Works”
https://youtu.be/0y5rP56OX78

————————————

You are incorrect.
The logic of increased future revenue by running current deficits is flawed.

GDP growth is a flawed measure of growth of the economy as it includes/does not exclude total growth in debt.

Canadian debt grows by 300 billions a year, including the budget deficit, in order to sustain dismal GDP growth which is actually lower than the real inflation.

My statement is that we do not have a growth but shrinking real economy due to real inflation far outpacing nominal GDP ‘gains’.
Also note that GDP ‘gains’ are due to running massive credit/debts including the deficit in the budget.

You can’t base predictions for further budget revenue increases on deficit increases in an environment of peak debt, that only happens in the ‘budget balances itself, sunny ways’ T2 and wild bill delusion delirium/tremens.

it is clear that as people have high debt the will be spending less, so revenue decreases and the government needs to run deficit.

I would accept as evidence increase in real net domestic product directly linked to running deficits but will not be able to produce any.

nor can wild bill, so he is pushing for stupid measures to make him look professional and in control and to make us feel good. It is basically a big giant lie.

You can’t borrow your way to prosperity.

#143 Ex Pat Canuck on 02.13.18 at 10:50 pm

I saw the fear mongering in Washington State before cannabis was legalized for recreational use, then saw it again before it was legalized in Oregon where I reside. What the frightened folks who spread misinformation and fear about cannabis users prior to legalization conveniently forget to mention is that the stoners are already using weed in Canada right now. Always have, always will. Very few additional folks will take up the drug when it becomes legal, if any. You either like weed or you don’t, and you probably already know that right now, the odds are that you have tried it one time or another. Most people plain just don’t like weed, alcohol works perfectly well for them, thanks anyways. The fear mongers who preach that society will suddenly turn into Stoner Nation, as Garth has done in his blog today, well, it just isn’t true. Show us stats, Garth, from the states who have legalized recreationally that proves the massive increase of users to back up your assertions. If you can find them. Washington State has seen a zero percent increase in teen users since they legalized in 2014, for example. I don’t see much if any changes here in Oregon, a state that has legalized, and I don’t think you will either when Trudeau legalizes you guys next summer.

All that really changes with legalization is that the existing black market is being eliminated , and taxes are taken which are used to improve the budgets of education, police, city maintenance and other government programs in the amount of millions every year (or billions in the case of California). I presume that some of the taxes collected in Canada will go towards the Canadian healthcare system, as well it should.

I don’t know why conservatives have such a hard time with the concept of legalization. The only thing I can think of is that they are just jealous because they didn’t think of it first. There is a reason tobacco and alcohol are legal, and taxation of those products is right at the top of the list. Fear not, Canada…and Garth…you will have to look really hard to see if anything has actually changed once cannabis is legal for recreational use. No offense intended, Garth, but do some research, you might sleep better at night presuming you are that worried about cannabis!

#144 Fake News Again on 02.13.18 at 11:04 pm

#132 Mark on 02.13.18 at 10:13 pm

Considering that Ontario will sell the stuff at a very reasonable $10 a gram,

Reasonable??? For something that is similar in production difficulty as standard garden herbs? $10/gram is highway robbery. I’m told that a gram is roughly a joint, a joint is like a beer in terms of intoxication. I think most of the population would not pay $10 for a beer.

_________

And another thing……Now Mr RE Mark is Mr “I know everything about WEED”.

a gram of good weed (20% THC) is certainly NOT the same as “a beer”. Try closer to 5 or 6 beers if you are sharing a bong between two people. As a licensed medical grower the 2 Kg of Bubba Kush we grew in our back yard proves this as fact. And any user will tell you roughly the same.

Mark you are like Schiff, Morgan and Dent the goldbugs/doomers. YER NEVER RIGHT about ANYTHING…….give us all a break from yourself for a while…….

#145 45north on 02.13.18 at 11:05 pm

In five months or so Justin Trudeau will make weed legal. This has a whole lot of landlords freaking out. If you believe the hyperbole our new dope culture could make finding a rental harder and a whole lot less pleasant. For the people who own the property, it carries (they say) the potential for disaster.

Ontario has decided to create a government agency much like the LCBO to sell recreational marijuana. Nobody else will be allowed to sell it. As part of the consultation process municipalities have been asked to comment. This consultation extends down to community associations. Nobody is thrilled. Marijuana is seen as a destructive force – with very negative effects on the development of teenagers – on their social skills, on their ability to compete in school and on their ability to drive.

#146 conan on 02.13.18 at 11:12 pm

#132 Mark on 02.13.18 at 10:13 pm

Ten dollars a gram WTF??????

“I’m told that a gram is roughly a joint”

Nay, its much less with the new strains

“A joint is like a beer in terms of intoxication”

Nay 2.0 You would be on Krypton.

#147 Guy in Calgary on 02.13.18 at 11:23 pm

Opiates and alcohol kill people, not pot. Imagine they made alcohol illegal? What would all those opposed to legal weed on the blog say then? So I like to vape something after a 10 hour work day. Who are you to tell me i cant? I finished school, got some designations and have a decent job. I live a good life. Probably because I don’t drink much. People enjoy different things, let them enjoy them.

#148 Old Ron the Realtor on 02.13.18 at 11:33 pm

MF:

Personally, I like Irish Whiskey on ice, but that’s just me.

Weed as you say is already everywhere. I think it is in the public’s best interest to control it. Currently it is uncontrolled. So while tax income and thousands of jobs will be a positive spin-off, the bottom line is I trust the Provincial Government more than I trust a dubious product from a dubious source.

As far as there being only two drugs ??? I suggest that you research Pharma use in Canada. Believe me the stuff that comes out of your local drug store is far more “mind altering” than anything that the you will buy at the MCBO.

And best of all this Bud is MADE IN CANADA

#149 My dog has issues on 02.13.18 at 11:37 pm

In the past Garth also used another formula where you take the price of the property then divide it by 12 then divide it by 8 again. The number you end up with is the minimum amount you should be collecting a month to make it worthwhile buying. I copied that former blog post but it must be on my old phone, I will look for it and post it in tomorrow’s comments.

I also have a question for Garth or any blog dogs, excluding MF. Seeing how the fed might raise interest rates due to inflation, do you still recommend rate reset preferred ETFs (ZPR) going forward? I own some already, roughly 15% of my portfolio. Just trying to decide what to build up going forward; cash, fixed income or equities.

#150 AlMac on 02.13.18 at 11:49 pm

Weed will be a problem indoors and driving? I miss the old days when my brother, two sisters and I would roam the back seat of our 1960 Pontiac 4 door hard top Laurentian during the 6 1/2 hour drive from Ottawa to Toronto to see our grand parents, in the winter, with all the windows rolled up, both parents chain smoking Export As up front (butts out the window). My job as the oldest kid was to pass up beer (Molson Export) from the cooler to my Dad in the driver’s seat, and to Mom as co-pilot, and manage the empties (which did not get thrown out the window).

#151 Yorkville Renter on 02.13.18 at 11:57 pm

The only thing weed leads to is junk food and naps… not hard drugs.

And you don’t need to smoke it – vaping is a great alternative.
And people don’t smoke ‘a pack a day’ of joints… unlike cigarettes, so the quantity of smoke is far less.
Also, a gram is like a 6 pack of beer… not like a single beer.

places where weed has been legalized have not collapsed… far from it.

lighten up people. it’s not a big deal.

#152 rjrt81 on 02.14.18 at 12:04 am

130 MF on 02.13.18 at 10:05 pm
#88 Rooster on 02.13.18 at 8:04 pm

It’s not drivel. The science that exists says MJ hinders cognitive development in adolescents and leads to more drug dependence over time.

Who do you think is most at risk of giving into pressure to start smoking?

The fumes also hinder the development of the fetus prenatally. A concern since weed fumes envelop the air around smokers, putting everyone around them at risk of second hand exposure.

Aside from the societal and personal effects (there are more) I think the reason that none smokers are upset is because we all know this was nothing but a little ploy for votes. A reckless disregard for our society, all for personal gain at the very top. Appalling.

MF

M34ON

————————————————————————————————

You read a lot of dumb things on the internet. As if legalization is going to change anything but stop people from being arrested for unjust laws. People who want to smoke, or vape, or ingest are going to continue to. No ones health is at risk. No babies are going to be affected. Society is not going to fall by the wayside. Sugar is more harmful to the youth of the nation in the big picture. The strange thing about Conservatives is they go on and on about personal freedom. Except they want to dictate to everyone how they live their lives. People have been using drugs and alcohol since the beginning of time for a variety of reasons. It’s never going to stop. Smoke weed if you want. Don’t if you don’t want to. Live your own life and stop telling eceryone how to live there’s. And the that gateway way nonsense is a lane 80’s Regan era propaganda that sounded good to the Christian base and not much else.

#153 numzapa on 02.14.18 at 12:16 am

To calculate a cap rate subtract all the expenses involved in owning a place (financing, taxes, fees, the cost of fishing iguanas out of the toilet) from the gross rent received. Divide the net income by the purchase price. To be in the game that should be something between 4% and 10% – hard to find these days.”

Garth is that annual net income/purchase price.
What do you think about that old rule of the monthly 1% of purchase price as break even for landlord renting?

#154 Bad Cowboy on 02.14.18 at 12:25 am

#136 Buddy, if the Libtards think people are going to pay 10 to 15 plus all taxes they’re insane. Of course with grow ops legal four plants will easily become a bedroom or bsmt with 60 to 100 and grams will go down to 5. All the Libtards have done is lower the price of dope to stone the millenials into submission. And…don’t think for a minute that the kiddies won’t be stoned out of thier minds with cheap dope flooding the elementary school yards and high schools. One hybrid plant can produce a kilo of buds, strip sell repeat every 90 days. Btw, I’ve been a landlord and skunk in the wallboards means stripping , the stink can’t be painted out….like curry oil it sinks in and can’t be disguised. If you have a doper rental prepare for a very expensive experience…..and any of your tenants with allergies will be seeing you in court. This Trudeau nonsense is a menace. When will Canada wake up?

#155 PastThePeak on 02.14.18 at 12:29 am

#131 IHCTD9 on 02.13.18 at 10:06 pm

Canadians will never allow this though, and what party could ever get a single majority here running on fiscal and economic repair, and the pain that comes with it in the first place?

I will hold my nose and vote, race for retirement, and formally pass the torch to whoever still has a job in the private sector at the time.
+++++++++++++++++++++++++++++++++++

Don’t forget to move most of your investments out of Canada, except for the preferreds & other dividends and a bit of fixed income – likely less.

I have been too Home biased and am in process of correcting this even more given the country direction. Canada has gone quite left, and will go harder left, for at least a generation.

#156 AB Boxster on 02.14.18 at 12:30 am

#129 Screwed Canadian Millenial on 02.13.18 at 10:01 pm

You boomers need to lighten the hell up and stop getting involved in other people’s lives.

————————————————
What a pile of crap coming from entitled millenial.

You know, the generation that thinks the best solution is to tax those more intelligent and hard working, because , well because life is so unfair.

The generation that wants to force the rest of the world to use their own special pronouns because they don’t like to get their feelings hurt.

The generation the believes that social justice is a thing, and the best way to make it happen is to force others to follow your belief through legislation or tax policy.

The generation that believes that not only can you choose to change your gendre (and now race), whenever the mood stikes, but that the rest of the population must be forced to accept and condone these idiotic beliefs, lest we hurt someone’s feelings.

The generation that thinks that more taxes and more government, will actually make a difference.

Yeah, your generation sure believes in ‘being less involved in other peoples lives’.

#157 Smoking Man on 02.14.18 at 12:33 am

SCM who is coaching you. Fire then.
They are so yesterday.

#158 Ronaldo on 02.14.18 at 12:34 am

I was sitting here thinking that with SCM’s hate-on for Canada that he should consider moving down to Washington and hit up MR. T for the job once held by “The Mooch”. He’d fit in perfectly. He would do a great job of cleaning out the swamp for Donnie.

#159 Jay Currie on 02.14.18 at 12:45 am

I actually wrote a book about the marijuana business last year Start & Run a Marijuana Dispensary or Pot Shop: Wherever it is Legal!. A couple of facts about the biz are in order.

First, in the US states which legalized, the wholesale price of pot has dropped fast. Simple reason: huge oversupply. Which will happen quite quickly in Canada.

Second, four plants can produce 4 pounds or about 1600 grams per quarter for a fairly unskilled grower. A pro can likely see 2 pounds or better. The home grow market will not be huge but it will exist and it will flood the market with high grade, no tax, pot.

Third, the happy $10 plus excise plus HST and PST per gram idea is going to run into Mr. Market by Christmas of next year. Like your pot stocks? Great, now enjoy the run to legalization day and then look to get out.

#160 Nonplused on 02.14.18 at 12:59 am

Just to clarify, even though I pretty much only refer to our leaders as Turdeau, Moroneau, and Nutley and have for some time, I do not post comments under those handles and #36 Turdeau is not me.

#161 Long Branch Apprentice on 02.14.18 at 1:02 am

I’m the real Long Branch Apprentice, to the fakes go toke up

#162 Humdinger on 02.14.18 at 1:04 am

Peoplekind are seriously ignorant to the reality that MJ use will be harder to pull off after legalization than it is now.

Currently MJ is abundant, easily accessible, and cheap (no sales tax).

Roadside enforcement for drug impaired driving is almost non-existent. A user’s risk of DUI for MJ is extremely low right now.

Bills c46/47 propose a THC limit of 5 nanograms/ml of blood, or 2.5 n/ml combined with 0.04 blood alcohol.

(Studies have confirmed that weed and booze mixed together have significantly greater impairment effects than either on its own.)

From professional experience I know that the average person will test above 5n/ml up to 24-36 hrs after smoking.

Each person’s metabolism is different, thinner people flush THC quicker, and quantity/strength/frequency are all factors.

I’ve seen skinny guys fail drug tests for THC at the proposed limit 3 days after they last smoked.

If you work in a safety sensitive job (the majority these days) or have to drive to work and roadside DUI enforcement ramps up (it will), you can pretty much forget about using MJ evenings or weekends.

If you dont drive all weekend, you could be safe smoking Friday evening after work and piss clean on Monday morning.

If you smoke on Saturday or definitely Sunday your risk of DUI or failing a test at work is significant.

Pot heads, watch what you wish for.

Of course if you don’t have a job or a car, smoke away loser.

#163 Bob Loblaw on 02.14.18 at 1:14 am

Typically, growers can yield a minimum of one ounce of dried bud per plant in a 10-11 week cycle….that’s three weeks of vegetative growth on 18 hours of light, followed by 7-8 weeks of flowering with 12 hours of light.

So if you’re growing at home after legalization, you should be able to manage 1/4 pound every three months. Four lights probably just needs one 400 watt bulb, which can run off a regular 120 volt outlet drawing 3.33 amps on a 15 amp breaker. No electrical hazard at all, provided no wimpy extention cord is used or combustible material gets near the hot bulb.

#164 Humdinger on 02.14.18 at 1:16 am

Correction: they are Bills C45/46, and the combined booze thc limit is 2.5ng/ml + 0.05 BAC

#165 YVRMC on 02.14.18 at 1:20 am

Re #120 … I agree we need to persuade Rona to take the reins and lead the Conservatives ….. calm, cool under fire , thoughtful…

#166 M-F on 02.14.18 at 1:27 am

“Debt repayment is not wealth creation. Give your head a shake. – Garth”

I agree debt repayment is not wealth creation per se. But if rent payments are paying down the principal, then that is in fact wealth creation for the landlord. (You can say it won’t count for anything because the properties will depreciate, but that is a totally different argument, as some properties will appreciate while others depreciate.)

Someone mentioned above that they have held properties so long that the mortgages have been fully paid by tenant rents. There is no way to account for the wealth accrued other than crediting the landlord with the principal payments made by a portion of the money received from the tenant.

So it is entirely proper to include any debt principal payments made with money from rent received as a financial gain by the landlord. These payments reduce the mortgage liability on the property.

(This is pretty straight forward. There really isn’t another side unless we are dealing with unspoken assumptions such as assuming the decline in property price wipes out more equity than the principal payment or that the landlord is spending money on upkeep that does not come out of money received as rent.)

#167 For those about to flop... on 02.14.18 at 2:00 am

Pink Snow falling in Coquitlam.

These guys are probably as good as case as any to demonstrate why there has been no mass fireworks display in Vancouver as yet.

When I started my study in early 2017 to see what was really going on in Vancouver real estate these guys were one of my first cases after listing their property in November 2016 ,fairly close to the number they purchased it for.

Well, since then the calendar has rolled over twice and they are still at it.

Since the time they bought it certain segments have continued onwards and upwards but unfortunately for them they decided to purchase in the segment that has shown the most cooling so far.

I have lots of cases like this one,by now they know they are not going to make a profit after expenses but have yet to receive an offer to allow them to exit the stage with their dignity intact.

I wouldn’t be surprised if some of these owners were presented with more accurate and updated information ,would be more inclined to take an offer roughly equal to what they paid for the property and eat the expenses and get on with their lives before things ratchet up anymore…

M43BC

These people spent 1.27 April 2016 ass1.15 asking 1.28

653 Lakeshore Drive, Coquitlam

Nov 1:$1,350,000
Feb 23: $1,299,000
Change: – 51000.00 -4%

653 Lakeshore Drive, Coquitlam

Aug 9:$1,370,000
Feb 13: $1,288,000
Change: – 82000.00 -6%

2016-11-01 : $1,350,000
2017-06-11 : $1,190,000
2017-08-09 : $1,370,000
2018-02-13 : $1,288,000
2017-02-23 : $1,299,000

https://evaluebc.bcassessment.ca/Property.aspx?_oa=QTAwMDAzWExYQw==

https://www.zolo.ca/coquitlam-real-estate/653-lakeshore-drive

$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Feel free to make a donation.

Flop For Fox Fund…

http://www.terryfox.org/get-involved/ways-to-give/

#168 Joe2.0 on 02.14.18 at 2:00 am

Thank Trump.

#169 SoggyShorts on 02.14.18 at 2:02 am

#132 Mark on 02.13.18 at 10:13 pm
Considering that Ontario will sell the stuff at a very reasonable $10 a gram
$10/gram is highway robbery. I’m told that a gram is roughly a joint, a joint is like a beer in terms of intoxication. I think most of the population would not pay $10 for a beer.

********************************
1 gram = 3 joints, unless you are rolling some multipaper blunts.
A cig is 1.4 grams, and has the same rolling paper you use to make a joint. Tobacco is much more tightly packed though, if you tried to jam a full gram of weed into 1 paper it wouldn’t burn right.
Also, $10 a gram is cheaper than it was in AB in the late 90s, so it seems like a damn good deal for 20 years later.
So it’s more like $3 a joint, and with good stuff far more effective than a single beer. Have you ever seen a couple guys get tipsy sharinga bottle of beer?

Didn’t you go to high school?

#170 Joe2.0 on 02.14.18 at 2:03 am

#102
That’s who’s growing most of it I bet.

#171 Yaroslav on 02.14.18 at 2:05 am

Paul is one hundred percent right.

You can buy a vaporizer for your marijuana like the Muad Dib or Magic Flight, and it produces next to no smell, because it is designed to only create as much vapor as your lungs can draw.

No smell. No wasted weed. It makes the same quantity of weed last 3 times as long because it is so efficient.

Or if you go all in and buy a much more expensive vaporizer like the Volcano, you get weed that last 4 times as long.

Just don’t get the Snoop Dogg type of model that looks like a cigar/vibrator and produces massive clouds of vape. That just wastes your weed.

There are so many great mail order / Internet cannabis merchants producing very high quality weed and concentrates (buddbox.ca from Duncan, BC is a fine example) that there is no reason to grow your own. Not unless you want vastly inferior weed to what the professionals produce in ware house sized LEED rated energy efficient facilities…

At $7-$10 a gram, I actually wonder if the Liberals and legal market will be able to take out some of these incumbents. Good luck with that.

As for anyone smelling the weed under the door from an efficient vaporizer, also good luck with that Garth. Educate yourself on herb before you speak. It isn’t what was available when you were in school. With budder, shatter, rosin, resin, distillate, etc. No need to smoke the plant. Vaping it is much better for you and your lungs. Your neighbours in your tower will never know.

#172 groovin123 on 02.14.18 at 2:12 am

#135 MF.

You missed my point entirely.

People don’t refrain from smoking MJ because the government says no.

Introduce?? I laughed pretty hard.

#173 SoggyShorts on 02.14.18 at 2:14 am

I am a little concerned about safety and testing for intoxication, but that’s not really anything new. I spend a lot of time around new home construction, and it’s a rare week that I don’t catch a whiff.
What I’ve never understood is that most people would never have a couple of beers at lunch and then operate a powertool or excavator, but some think nothing of hotboxing their truck on a break.

Whether weed becomes legal or not, if I smelled it on someone in my crew I’d fire them (for some “other” reason if I need to cover my ass)

On the other hand, for my life outside of work, my hope is that with weed being legal that everyone who likes it will switch to vaping and edibles so I don’t have to smell it. It stinks, imo worse than cigs even if it doesn’t linger as long.

#174 Big Daddy on 02.14.18 at 2:23 am

Are you people aware that Trudeau’s dope law allows anyone over the age of 11 to possess 10 joints …..take them to school , pass them out to other 11 year olds , go back and raid their parents stash for 10 more joints and do the same…..legally? Adults can possess any amt. Is this seriously happening? Are you all standing still for this? I know the Cdn media hasn’t reported on this but it’s your job to know….if not…shame on you.

#175 DON on 02.14.18 at 2:25 am

Ah…killing time with the Mary Jane grenade.

While the US makes money off our national treasure (BC Purple Skunk) we sit here and fiddle on the merits of legalizing what people already do. Smoke, Grow and Sell marijuana and yes some idiots drive when they do it just like alcohol. Both should be severely punished with out a doubt.

Now in terms of a mortgage helper or down payment for a McMasion in Richmond Hill or Richmond BC a grow op can be a cash flow generator. Forget those pesky tenants start your own business with the Leave it to Beaver Marijuana kit. Wait till the realtors start pushing this angle.

Time to invest in a Munchies ETF?

I have heard the expression ‘Mean Drunk’ but ‘Mean Toker’ could be taken as a compliment.

AND… Who’s gonna be first to join the new ‘TOkers Anonymous’ group.

FFS!

#176 DON on 02.14.18 at 2:45 am

#135 MF on 02.13.18 at 10:19 pm

109 Old Ron the Realtor on 02.13.18 at 8:47 pm

Sorry no. Why don’t we reduce spending instead of risking harm to society all in the hopes of “tax revenue”?

14 groovin123 on 02.13.18 at 9:11 pm

So alcohol is bad enough, that means we should introduce a second drug? That’s not logical at all.

And yes, since the Libs got elected, all that has filtere down to the average joe is “it’s legal!!!”. I work with the public and I can’t tell you how blatant people are with the stuff these days. The stench is everywhere.

MF

M34ON
***********************

I agree people are getting blatant these days. It should not be allowed in public places or anywhere near children. By taxing it…you can generate revenue for addiction programs and anti weed campaigns. Then again Doritos and Pizza Hut might sue for loss of revenue…so those anti weed campaigns are kinda null.

People are already doing it, shift is happening man. Like any good capitalist let’s make some money off it – the edibles market.

#177 Tkw on 02.14.18 at 2:53 am

any one driving the 400 series highways has more to worry about then their pot smoking neighbor…get a grip Canada…pot smokers are not the villians…

#178 JRT on 02.14.18 at 3:03 am

#16 With that IQ (all 20 units of it) he can not be Fidel’s illegitimate son.
No way.

His dad was a lib, but he had masculine qualities. Justin was raised by a somewhat dysfunctional single mother. Mick Jagger said Maggie was the most messed up woman he ever met, and he met quite a few. All you moisters should read Proverbs whether you believe or not. Their is a verse which states all your hard work and sweat will be inherited by others who done nothing to receive it. All this is vanity and chasing after wind.

#179 The Time Traveller on 02.14.18 at 4:39 am

@93 Flourine

I found this fascinating…

https://www.reddit.com/r/AskReddit/comments/3rg53p/serious_people_in_states_that_have_legalized/

——————–

Indeed. Fascinating read. Felt like I was eavesdropping from the future.

What struck me most was the politeness of it all. People using decent grammar and expressing themselves with a certain geniality.

To be honest, that Reddit board makes this blog board look like a bloody animal house, chock block full of most every anti-social anxiety under the sun. …how did I get here? ~ Talking Heads, circa 1980.

#180 ANON on 02.14.18 at 5:00 am

…and outhouses for all. Munchies stink mightily. I heard from a friend, I’m strict squirrel-based paleo, blog approved.

#181 Rexx Rock on 02.14.18 at 6:48 am

DELETED

#182 MF on 02.14.18 at 6:59 am

#172 groovin123 on 02.14.18 at 2:12 am

and you laughed because…..??

I’m not laughing.

Introduce, yes introduce, a newly legal drug and you will have a lot of people who were on the fence start smoking. This will be particularly evident with the more impressionable cohorts like teens -exactly the same demographic that is most susceptible to its negative side effects on brain development.

That’s the point you missed.

MF

M34ON

#183 MF on 02.14.18 at 7:04 am

#152 rjrt81 on 02.14.18 at 12:04 am

” As if legalization is going to change anything but stop people from being arrested for unjust laws”

-Sorry but the laws are just to myself, and millions of others.

MF

M34ON

#184 Victor V on 02.14.18 at 7:37 am

B.C. pledges to curb housing speculation in throne speech

https://www.bnn.ca/b-c-pledges-to-curb-housing-speculation-in-throne-speech-1.998088

VANCOUVER — The British Columbia government pledged on Tuesday to curb speculative demand and stabilize “out-of-control” housing markets in the province, taking a hard line on local and foreign real estate investors before its release of a new housing policy next week.

The ruling New Democratic Party will unveil measures to address speculation, along with legislation to crack down on tax cheats and money laundering, as part of its budget on Feb. 20, Lieutenant Governor Judith Guichon said in the throne speech outlining government plans for the year.

“Safe, decent housing is a right that is under threat by speculators, domestic and foreign, who seek windfall profits at the expense of people who work, live and pay taxes in B.C.,” she said, noting the “first step must be to address demand and stabilize B.C.’s out-of-control real estate and rental market.”

#185 IHCTD9 on 02.14.18 at 7:44 am

#169 SoggyShorts on 02.14.18 at 2:02 am
#132 Mark on 02.13.18 at 10:13 pm
Considering that Ontario will sell the stuff at a very reasonable $10 a gram
$10/gram is highway robbery. I’m told that a gram is roughly a joint, a joint is like a beer in terms of intoxication. I think most of the population would not pay $10 for a beer.
********************************
1 gram = 3 joints, unless you are rolling some multipaper blunts.
A cig is 1.4 grams, and has the same rolling paper you use to make a joint. Tobacco is much more tightly packed though, if you tried to jam a full gram of weed into 1 paper it wouldn’t burn right.
Also, $10 a gram is cheaper than it was in AB in the late 90s, so it seems like a damn good deal for 20 years later.
So it’s more like $3 a joint, and with good stuff far more effective than a single beer. Have you ever seen a couple guys get tipsy sharinga bottle of beer?

Didn’t you go to high school?
__________________________________

CBC just had an article where some gov agency asked the public for feedback on street pricing. Prices came back at 4-6.00/gram. Gov pricing expectations at the time was 10.00/gram.

I expect the street price to fall in accordance with any cut in price made by the government. There’s no way the black market costs as much to run as Ontario does.

#186 SimplyPut7 on 02.14.18 at 7:50 am

#151 Yorkville Renter on 02.13.18 at 11:57 pm

It’s the smell. In the summer, if you are in a public park you can smell it 50 metres in any direction from the source.

The newer condos in Toronto are so poorly built, I don’t know if they will be able to prevent adjacent units from having everything in the unit smell like pot.

Newer townhouses and detached houses are built so close together they would experience a similar problem if someone opened a window or sat in their backyard to get fresh air and the neighbour 4 doors down was lighting up in the backyard.

Toronto subways are packed during rush hour, and people smell like wet dogs during bad snow storms or on rainy days. What’s going to happen after July 1st when pot is legal?

#187 maxx on 02.14.18 at 8:03 am

The revolting stench has already been wafting into every aspect of daily life:

1- Forget about getting a breath of air on your balcony or backyard as some pothead is proudly leading the latest charge of Libtard social engineering;

2- Driving to the shops: stench from cars driving alongside us – that makes the roads safer, eh wot? Problem is, you can rarely spot the cretins smoking up, so good luck to the police force;

3- Walking around town: Roaring potstink abounds on just about every block, shouting “welcome to Canadope!”;

4- Xcountry ski trails: No fresh air here – lord knows where the stench was coming from as we couldn’t see it, but it reeked – from deep inside the forest;

Party boy has so much to answer for. This gig is just a good time, smiles all around, ego-stroking, vote-cull at the Sunny Ways dope fest.

Street-corner competitors for the pot trade will make this entire “respectable”, “legalized” and “controlled” (dream on) market a huge taxpayer-funded flop. It will fail, quickly becoming unprofitable and the entire deal will eventually be sold off as opposed to being run by idiot gubbmint. The street-corner guys will carry on as usual.

Another Libtard imposition of dictatorial megawaste.

Gas masks in aisle four.

#188 Ian on 02.14.18 at 8:13 am

This is fascinating, Garth. I didn’t even think of this angle.

I know in my (rental only) building, smoking (cigarettes) in the units is allowed. I had a building maintenance guy live in the unit across the hall for a while (gone now) who smoked in his unit and everyone was complaining the smoke was travelling through the vents into other units.

The provincial legislators will have to think very carefully about how they adjust to the new Fed laws. I’m literally shuddering at the thought of my unit smelling like pot. Work clothes / business meetings much?!?!? That would literally be the end of the world

#189 maxx on 02.14.18 at 8:18 am

#9 JOHN on 02.13.18 at 6:00 pm

“What’s with all the scare mongering?”

It’s not scaremongering. It’s pure fact:

It’s the increasingly ubiquitous and inescapable side-stream stench as well as the fact that over the past year, it’s invaded taxpayer roadways.

It’s pure home invasion and greatly increases risk on OUR highways.

#190 Wrk.dover on 02.14.18 at 8:22 am

NS has 830,000 people, two ship cargo container terminals, a military air base, a military ship base, an air cargo facility, thousands of square kilometres of cut over brush with an excellent growing season and privacy, and umpteen other sources of Dope. It is common knowledge that a mother ship can drop two boxes connected by a floating rope, below the surface on north south coordinates and the retrieval boat can tow a hook using GPS cruising east to west, any time.

Black market hash retails here for a quarter of the wholesale price at Rochdale fifty years ago. (google Rochdale younguns)

The NS liquor commission with a spiffy headquarters featuring several dozen high end SUV’s in the parking area, plans two sell pot in only 8 stores within the 500 mile long province. Four in metro, one at each end, one at the hub, and one at the NB line. I think they understand the well established competition.

There is no money in pot, it grows on a tree. Anybody that wants it, has it.

Want to measure the market? Monitor the rolling paper sales. Bigly yuge!

#191 Hot Wives Club™ on 02.14.18 at 8:26 am

So Trudeau married someone smarter than himself, and Morning Water bagged someone richer. Against all odds, Trump and Munchin did neither, even though Munchin was a movie producer and had his pick of the litter. Jerome Powell’s wife is also a movie producer, whose sole credit is described as “A nurse takes on the medical establishment after she uncovers an epidemic of misdiagnoses.”
Munchin’s biggest hit ? “The Suicide Squad”.

And we lament the demise of Canada’s political system and the pot-head scourge?

PS There is an im-poster on the blog. Could be a Narc, or Garth trying to boost ratings before fiscal year end. Read before burning.

#192 IHCTD9 on 02.14.18 at 8:28 am

#145 45north on 02.13.18 at 11:05 pm

Marijuana is seen as a destructive force – with very negative effects on the development of teenagers – on their social skills, on their ability to compete in school and on their ability to drive.
____________________________________

I don’t give a rip if a guy wants to smoke pot, but the verdict has been in for a long time regarding the cognitive deficits experienced by those who start using at a young age. The verdict is also in that the effects are permanent and life long.

My wife works in a field where she deals with less fortunate folks. Many are life long users of MJ, and she says she can guess with great accuracy just by talking with them for a while if they are heavy users or not. Other professionals she works with in similar fields claim the same.

If modern 10-30% THC MJ is consumed regularly by someone under 25 – it is 100% guaranteed to cause some level of cognitive dysfunction.

It appears to fry your brain a bit, and the more you do it, the more fried it gets.

#193 SunShowers on 02.14.18 at 8:34 am

So middle class people have no investments? – Garth

—————————–

In the USA, the wealthiest 10% of the population own 84% of all the stocks. Don’t see it being much different here.

Not to mention that of the actual middle class people who have investments, they will likely all be in registered accounts, negating any capital gains tax anyhow.

Here’s a good rule of thumb. If you make enough to max out your RRSP and TFSA after covering all your basic needs, AND you have enough left over to invest in an unregistered account, you’re not in the middle class.

I also don’t see all the landlord hysteria regarding pot smoking. Like you said, cigarettes are legal and yet landlords are well within their rights to forbid cigarette smoking inside their property, or the tenant forfeits their damage deposit. That’s standard in any rental agreement I’ve ever signed.

#194 Ian on 02.14.18 at 8:42 am

For the deflation crowd…hot off the press…CPI surges. But of course gold goes down :(

https://www.marketwatch.com/story/cpi-surges-05-in-january-but-yearly-rate-of-inflation-unchanged-2018-02-14?mod=bnbh

#195 Keith in Rio on 02.14.18 at 8:45 am

This post is another red herring from the anti-weed dinosaurs. You’re going too continue to see a lot of this in the next 12 months…
…especially from the biggest organized criminal gang in Canada……..the law enforcement business.

#196 IHCTD9 on 02.14.18 at 8:47 am

#121 non-Smoking Man™ on 02.13.18 at 9:40 pm

****************
I grow basil, oregano, chives, arugula, & parsley under grow lights (LED 40 W) from Oct to May. The plants I buy from the grocery, and the night light cycle (10¢/day) lets me harvest for a month or more. I am hoping to expand my herbarium soon. I won’t smoke it though because I don’t like cancer. The gentle heat of a vape will release only the good molecules, and the fresh herbs will be super tasty.
________________________________

We grow rosemary out in the garden. It’s shocking how much stronger and better tasting it is compared to the store bought stuff. IMHO, the difference is even bigger than carrots from the garden vs carrots from the store.

If you haven’t grown it at home yet – definitely put it on the to do list.

#197 Ace Goodheart on 02.14.18 at 8:50 am

Interesting developments in the mortgage broker universe. Been talking to brokers in Toronto that I know and have worked with. They are becoming uncomfortable with the amount of upset people who basically leave their offices in tears.

Let me explain.

Back when mortgages could be had for 2% or so, and lines of credit for 2.5, people borrowed a lot of money. Many of those mortgages are now coming due for renewal.

Apparently the big banks are just punting these people. Which they can legally do. If your mortgage (which is a 5 year term loan with a “notional” imaginary 25 year amortization period) comes due, it is payable in full, unless the bank agrees to extend you another mortgage.

The banks are not doing this, for a lot of overly indebted households. They are just saying, sorry, you don’t qualify, we need a cheque for, say $1,000,000 by the end of the month.

This has started a stream of very nervous people to the door of my mortgage broker friends, who are apparently turning away more than 1/2 of them, resulting in tears and upset behaviour.

So if you see someone crying as they walk away from a mortgage broker’s office, it is because they have learned they are going to lose their house, owe several hundreds of thousands of dollars on top of that, and not be able to get a rental because their credit is going to get wrecked. It’s cardboard box under the Gardiner time.

This is actually happening. It is going to be a scary year. Look for a lot of fire sale priced houses and power of sales in the spring as this event takes hold.

#198 Long Branch Apprentice on 02.14.18 at 8:54 am

#161 Long Branch Apprentice

Take the name, I don’t even live in Long Branch anymore.

#199 Victor V on 02.14.18 at 9:00 am

U.S. consumer prices accelerate; core CPI posts largest gain in a year

https://www.bnn.ca/u-s-consumer-prices-accelerate-core-cpi-posts-largest-gain-in-a-year-1.998735

WASHINGTON – U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations that price pressures will accelerate this year and prompt a faster pace of interest rate increases from the Federal Reserve.

The fairly strong inflation report from the Labor Department on Wednesday could put more pressure on U.S. financial markets, which were spooked by a surge in annual wage growth in January.

Inflation concerns sparked a sell-off on Wall Street and boosted benchmark U.S. Treasury yields to a four-year high.

#200 SquareNinja on 02.14.18 at 9:02 am

I surmise it that Garth and most of the blog dogs are *against* a more equal society?

Should we as a species continue to build societies based on the accumulation of “money” at the expensive of everything else that makes us human?

Is our collective well-being going to reach the next level when “hard workers” are allowed to gain more and more advantage vis-a-vis everyone else in society by focusing all their effort on capital accumulation? Or shall we relieve individuals of the idea that one’s worth is determined by “tangible assets” and instead allow each person to feel self-esteem based on their humanity, creativity and passion?

Fostering a society where people focus on the betterment of themselves, and in turn everyone else, is only going to happen when money is not in the equation – hard to imagine and even harder to implement.

Can you imagine for a moment, a society without; bankers, financial advisers, traders, brokers, landlords, business people, etc. – essentially, a society without all the jobs that people do, not because it’s enjoyable, but because it “makes money”?

And you came to this blog, why? – Garth

#201 Johnnyboy on 02.14.18 at 9:03 am

#129 Screwed Canadian Millenial on 02.13.18 at 10:01 pm

Here I thought that boomers lightened up on cannabis legalization since the Evil Robot from Alberta was defeated by The Great Trudeau. Boy was I wrong. This comment section is pure Reefer Madness. Thank god you boomers are no longer in charge, Nixon’s War on Drugs would still be alive and well, locking up poor people and of course minorities. I’m surprised Nancy Reagan didn’t post here saying “Just say No”. You boomers need to lighten the hell up and stop getting involved in other people’s lives. I know you love big goberment and using it to control what people do with their lives (women getting abortions, gay people getting married, people smoking weed) but this is ridiculous.

How ironic that some of you are probably Rob/Doug Ford fans. A family of drug pushers and crack addicts. You guys should worry about the epidemic of rural conservatives ODing on meth.
Alcohol, tobacco and increasingly prescription pills are the killers. Not marijuana.
And what the hell happened to personal liberty & “a home is a man’s castle?” Funny how when it comes to fossil fuel companies polluting the air & water, banks crashing the economy with complex financial instruments or just generally poor people getting screwed over, conservatives are all about “muh freedoms”. But suddenly when it comes to what a free person does in the sanctity of his/her own home, you people are up in arms.
What a joke.
Boomers… never again.
GOOD NIGHT!
2/2
__________________________________________
I’m not boomer and quite frankly I don’t give a rats ass if any of you want to fry your pathetic brains on pot. I don’t use the shit, and I don’t care if you want to use it or not. Here the point I don’t want to be sitting in back yard when the smell of that shit starts wafting over from a neighbors because there is a party on the next door neighbors deck. Some people will say whats the difference between that and manure? Firstly the smell is about the same, they both smell like shit. Secondly and more important though manure wont affect my brain if I inhale it. Pot will effect us just like second hand smoke.
So in answer to you SCM how would you feel if I sat next door to you while you were outside enjoying birthday party for your 5 year old and the little friends were over and I decide to bong it out with copious clouds of pot wafting over to the little ones? Quite legal right? Morally wrong though. You get what you wish for so with that large anus in Ottawa you got pot, should have wished for better jobs and a real leader.

#202 Ezzy on 02.14.18 at 9:05 am

#5 Screwed Canadian Millenial

LOL You’re funny. And you’re a damn good comment troll too!

#203 Johnnyboy on 02.14.18 at 9:06 am

#192 IHCTD9 on 02.14.18 at 8:28 am

#145 45north on 02.13.18 at 11:05 pm
Marijuana is seen as a destructive force – with very negative effects on the development of teenagers – on their social skills, on their ability to compete in school and on their ability to drive.
____________________________________

I don’t give a rip if a guy wants to smoke pot, but the verdict has been in for a long time regarding the cognitive deficits experienced by those who start using at a young age. The verdict is also in that the effects are permanent and life long.

My wife works in a field where she deals with less fortunate folks. Many are life long users of MJ, and she says she can guess with great accuracy just by talking with them for a while if they are heavy users or not. Other professionals she works with in similar fields claim the same.
If modern 10-30% THC MJ is consumed regularly by someone under 25 – it is 100% guaranteed to cause some level of cognitive dysfunction.
It appears to fry your brain a bit, and the more you do it, the more fried it gets.
__________________________________________
My point exactly, didn’t know the details but did know its not good for the young.

#204 Ezzy on 02.14.18 at 9:11 am

P.S. Garth, you think weed is our Soma? Definitely is beginning to feel that way.

#205 Heroine on 02.14.18 at 9:20 am

My aphrodisia of choice was always Brigette DePape, who pried Harper out of the closet he was “forced” into. But I must confess, she was merely a gateway to Women’s Hockey, which is highly addictive. The line of Agosta, Daoust and Poulin are smokin’ hot.
Catch the game against the USA tonight if you can, it’ll be a rush. 10 pm EST on CBC.

#206 Howard on 02.14.18 at 9:21 am

#197 Ace Goodheart on 02.14.18 at 8:50 am

Interesting developments in the mortgage broker universe. Been talking to brokers in Toronto that I know and have worked with. They are becoming uncomfortable with the amount of upset people who basically leave their offices in tears.

————————————–

I have a very hard time believing these anecdotes.

And anyway, T2 will steal whatever cash savers have left to bail out these parasites if this kind of thing becomes widespread.

#207 Howard on 02.14.18 at 9:26 am

#192 IHCTD9 on 02.14.18 at 8:28 am

I don’t give a rip if a guy wants to smoke pot, but the verdict has been in for a long time regarding the cognitive deficits experienced by those who start using at a young age. The verdict is also in that the effects are permanent and life long.

———————————-

I’m all for it. Helps give the rest of us a competitive advantage in life.

Tried weed 5 or 6 times in my life. I didn’t get that blissful reaction others do. It was more a feeling of general discomfort, dizzyness, punctuated by the occasional laughing fit.

However I do know a few people who have been smoking it almost daily since their teen years, and most seem to be doing okay in life, so who knows?

#208 -=jwk=- on 02.14.18 at 9:38 am

A common (and flawed) justification for being a landlord is then deducting the mortgage principal being paid from expenses (including only the interest). But, of course, this is just reducing debt.-GT

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

Assuming property value is static and only rises with the rate of inflation then:
reducing debt=increasing equity
///////////////////////////

Becasue you already counted the rent you received as income. That cash is an asset on your balance sheet. Now you want to count the principal paid down with that income as a gain as well? That’s double counting. If you are going to do that, why bother with the real estate part in the middle? Just borrow a million dollars. Dont buy real estate. Now, pay yourself $6000 a month to pay off the loan. Use the $6000 to pay off $1680 in principal. Oh MY! We’ve just netted 7680 from the million dollar loan! We’re going to be rich! And the more we borrow the more money we ‘make’! This is genius, genius I tell you.

/////////
Well , I have been doing this for over 35 years as a landlord and would like to think that some of my properties that I have fully paid off in this matter is real wealth.
//////////////

Sigh. It was the income (ie cash) from your rental that generated wealth, not the debt repayment. You could have used that income to pay off you car, or buy more assets or go to the movies or whatever. You chose to trade that cash for debt repayment. That doesn’t make you richer, you just traded dollar for dollar. No change in net worth occurred with that transaction.

And now that they are paid off, has your return on the investment dropped? After all you aren’t paying down debt anymore, and debt pay down was part of your ‘return on investment’ calculation so …now that you have no debt your ROI is worse? What?

What you can’t do is magically claim that income (cash, an asset) from a rental counts as a double gain because you happened to choose to use it to pay down debt (equity, also an asset) on the property.

/////////////////////////
So it is entirely proper to include any debt principal payments made with money from rent received as a financial gain by the landlord. These payments reduce the mortgage liability on the property.

(This is pretty straight forward. There really isn’t another side unless we are dealing with unspoken assumptions such as assuming the decline in property price wipes out more equity than the principal payment or that the landlord is spending money on upkeep that does not come out of money received as rent.)
/////////////////////////

No, no no. The other side is you traded Cash (an asset), for equity (an asset) and did not gain any equity. At all. If you never paid down your debt, just kept all the cash you would be in the same economic condition.

#209 conan on 02.14.18 at 9:41 am

Time to invest in a Munchies ETF?

Been long on Doritos for a while.

https://www.youtube.com/watch?v=8vVIUBU1gZs

#210 Smoking Man on 02.14.18 at 9:51 am

For 30 or so years the insane left has been metting in back rooms and dark corners plotting and sceaming.

Don’t know what caused it but finaly the herd woke.

Was it Trump. No. He’s just an opportunist who took advantage of the sentiment.

Instantly has limutes. It’s being called out everywhere.

T2 has no clue what’s happening all around him after all he’s a two bit actor not a writer.

#211 maxx on 02.14.18 at 9:52 am

#12 Stan Brooks on 02.13.18 at 6:03 pm

“BTW weed will be a big problem for condos. These units have shared ventilation and even now when weed is illegal the smoke is a big big problem in many, many condos.”

Totally agree…….yikes……in order to survive the dope onslaught, condo/apartment dwellers might decide to start using sealant everywhere in their condos.

-everywhere flooring meets walls;
-everywhere ceilings meet walls;
-everywhere there is plumbing or conduit between units;
-everywhere there are air vents;
-everywhere there is a door to common areas.

Add half a dozen air purifiers, learn your neighbours dope-smoking schedules and ventilate accordingly.

#212 Blackdog on 02.14.18 at 9:52 am

Cannabis can be used as a substitute for much more harmful alcohol and other drugs. We’d be much safer and healthier overall as Canadians, if such substitution was encouraged rather than the current scaremongering attitude and propaganda.

#213 Alistair McLaughlin on 02.14.18 at 9:57 am

Macleans ran an article in which they aged a photo of Justin 20 years – made him bald. He looks just like his old man. For a second I thought it was an old picture of Pierre. He’s definitely Pierre’s son. God help us all.

#214 TorontoBull on 02.14.18 at 10:03 am

snow washing:
https://www.theguardian.com/world/2018/feb/14/canada-corruption-snow-washing-investigation-private-companies

#215 Smoking Man on 02.14.18 at 10:08 am

Wild Bill talking budget on Twitter . Getting destroyed in the comments section. SCM stay away from investing you have a prepencity to gravitate to losers.

#216 Keith in Rio on 02.14.18 at 10:11 am

If landlords are “upset” about legalization, they should not rent to people who are non-caucasian because of their cooking.

Seriously, Indian people use strong spices, and Asians fry everything. Every live in a large apartment complex and come home at 600 PM ? You walk down the hall and it smells great. We had more false alarms in our high rise 15 years ago from the fire department because of stir frys gone haywire, than any real fire events. And the curry, don’t get me started……LOL !!

Another red herring.

Joints are just sooo 1960’s…….

http://personalweedvaporizers.com/desktop-vapes/the-volcano/

Weed vaporizors, or the “Volcano” as it is known is the tool of choice for homes and apartments. Smoke free and odor free. You only need 2-3 hits from a personal pocket vaporizor using “shatter” or other brands of crystalized weed oil. Again, odor free. Weed smokers are more considerate of non-users than tobacco smokers or drinkers BTW……….

Just because it’s legal soon, doesn’t mean the 35% of the population who are regular users are suddenly going to start changing their habits of use for the worst.

Another red herring…….

#217 Keith in Rio on 02.14.18 at 10:19 am

Now here’s what’s going to happen in the next year………..

Legalizion is a direct threat to the egregious financial budgets of the organized criminal gang that dress in blue. What they are going to initially do to protect their budgets and purpose i n the eyes of the public, is as follows……….

-Shape the stats to suit their position. They get to create them, so why not make them look the way they need them too.

-Attempt to criminalize the lowest and most unrealistic possible levels of THC content in your blood to constitute impairment to allow them to aggrandize said stats publicly. They drastically and urgently need for an epidemic to appear on the streets. And fake news is how they plan to make it happen.

-Test as many drivers as physically possible for no constitutional reason whatsoever to build a database they can manipulate.

And to think that I sat in a tank for 7 years staring across the East German border at a nation that did just that.

#218 X on 02.14.18 at 10:37 am

Does anyone actually verify these stats:
https://www.msn.com/en-ca/money/topstories/canada-home-prices-rise-in-january-toronto-up-for-first-time-in-six-months/ar-BBJ7xrf?li=AAgh0dA&ocid=mailsignout

Also…please tell me T2 is not going to introduce different tax brackets for each sex…..In that event, as a male in a female dominated field, I feel I should qualify for such a tax break…sounds fair right….which is utter BS btw.

#219 Keith in Rio on 02.14.18 at 10:42 am

Lastly, how many of you here can say that you’ve spent between 2-8 weeks in “each” of the following US states where weed is legal, and has been for some time ?

Washington, Oregon, Colorado, Alaska.

I have. And there were no bodies in the streets
or general mayhem. In fact, if you didn’t know weed was legal there you’d have no idea whatsoever.

Might be nice to be able to say that your opinions are actually based on experience and fact, rather than ideological hyperbole. Makes you believable……..heh.

#220 jess on 02.14.18 at 10:44 am

…”The UK will force people owning property worth more than £50,000 (US$70,000) who have suspected links to organized crime or are vulnerable to graft as a result of their political position to explain where they got their money from, The Times reported on Saturday.”

https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/7602-uk-goes-afters-corruption-suspects-with-suspicious-wealth

====

“666 Fifth Avenue for $1.8 billion, then a record for a Manhattan building. All of it was borrowed except for $50 million. The company still holds half of a $1.2 billion mortgage, on which it hasn’t paid a cent. The full amount is due in February 2019.

https://www.bloomberg.com/graphics/2017-kushners-china-deal-flop-was-part-of-much-bigger-hunt-for-cash/

Jared Kushner’s Business Empire Is a House of Cards
The First Son-in-Law has more in common with the president than we thought.
by Bess Levin

December 19, 2017 1:44 pm

===
https://www.washingtonpost.com/news/morning-mix/wp/2014/03/28/mafia-group-earns-more-than-deutsche-bank-plus-mcdonalds/?utm_term=.290e37cc04c0

#221 meslippery on 02.14.18 at 10:51 am

#150 AlMac on 02.13.18 at 11:49 pm

Weed will be a problem indoors and driving? I miss the old days when my brother, two sisters and I would roam the back seat of our 1960 Pontiac 4 door hard top Laurentian during the 6 1/2 hour drive from Ottawa to Toronto to see our grand parents, in the winter, with all the windows rolled up, both parents chain smoking Export As up front (butts out the window). My job as the oldest kid was to pass up beer (Molson Export) from the cooler to my Dad in the driver’s seat, and to Mom as co-pilot, and manage the empties (which did not get thrown out the window).

How are you still alive ?? You know 2nd hand smoke
no seat belts wow.

#222 Westcdn on 02.14.18 at 10:52 am

I stopped being current on the comments section. I just toss in stale thoughts now and again.

#108 crowdedelevatorfartz on 02.13.18 at 8:23 am
“We’re all Lizard brains full of monkey hormones”

A comment I agree. It is a battle for me. Sometimes I think life would be easier if I was deficient of frontal brain lobes – IMO, the reason paleos beat the Neanderthals for better or worse.

#223 T2 must go on 02.14.18 at 10:55 am

DELETED

#224 jess on 02.14.18 at 10:58 am

Kushners’ Indebted Tower May See Vornado Unload Its Stake

https://www.bloomberg.com/news/articles/2018-02-12/vornado-doesn-t-plan-to-hold-stake-in-kushner-building-for-long

https://www.bloomberg.com/news/articles/2017-10-31/kushner-partner-says-teardown-of-fifth-avenue-tower-not-feasible

#225 Courage and Poo on 02.14.18 at 11:08 am

Prohibition has failed MISERABLY, that’s why we’re legalizing it. Besides if you get to have your booz, then stoners should be able to get their weed. Never heard of a man beating the shit out of his wife cause he smoked too much pot. “Reefer Madness” can be turned on all you “Alcoholics” (using a drug to cope with your reality) in a jiffy. Lots of conservatives virtue signalling here like the left does, while complaining about Libtard stoners and glorifying the alcoholism: sad. Obviously going to be a rough road for legalization, but its the right thing to do. Like I said, prohibition failed. That’s all folks.

#226 Ian on 02.14.18 at 11:12 am

Markets FINALLY making some sense.

Gold up $20, US yields 4-year high, stock market selloff coming. Market finally waking up to the inflation increase.

USD basket (DXY) getting absolutely crushed. About to knife downwards through 89. Look out beeelowwwwww!

https://www.theice.com/products/194/US-Dollar-Index-Futures/data

#227 Penny Henny on 02.14.18 at 11:27 am

Hey Smoky. Alien abduction. Guy turns up on the other side of the country dazed and confused.

https://www.thestar.com/news/gta/2018/02/13/toronto-firefighter-who-went-missing-in-lake-placid-ny-found-safe-in-california.html

#228 chris on 02.14.18 at 11:41 am

Garth,

Can you explain why deducting the mortgage principal being paid from expenses is a flawed justification for being a landlord? This seems reasonable, considering that your net worth is increasing with each principal payment, no?

Thanks

Debt repayment is not wealth creation. Give your head a shake. – Garth

IMO it is wealth creation as it is paid by the tenants. After a mortgage term is over usually the paid principal in refinanced by the landlord and becomes cash in his pockets as well beside the montly cashflow. At least this is what I do

#229 Fake News Again on 02.14.18 at 11:54 am

“Thanks to the hard work, ingenuity and creativity of Canadians, Canada has created nearly 600,000 jobs since November 2015, and the unemployment rate is near its lowest level in 40 years.”

First of all….the 180,000 GOVT WORKER jobs don’t count as Govt jobs SUCK AWAY tax dollars…..they don’t create tax dollars

Second……mcjobs, pt jobs, low paying jobs. Really?

Govt wonders why no one believes anything they say anymore…..

#230 IHCTD9 on 02.14.18 at 11:56 am

#208 -=jwk=- on 02.14.18 at 9:38 am

No, no no. The other side is you traded Cash (an asset), for equity (an asset) and did not gain any equity. At all. If you never paid down your debt, just kept all the cash you would be in the same economic condition.
_____

Folks tend to forget the contents of their wallet is an asset, AND part of their net worth.

#231 Smoking Man on 02.14.18 at 12:04 pm

#227 Penny Henny on 02.14.18 at 11:27 am
Hey Smoky. Alien abduction. Guy turns up on the other side of the country dazed and confused.

https://www.thestar.com/news/gta/2018/02/13/toronto-firefighter-who-went-missing-in-lake-placid-ny-found-safe-in-california.html
…..
I’m thinking
He Met a snow bunny and did a road trip. Faked a concustion. You only live once.

#232 Jimi on 02.14.18 at 12:19 pm

Only Dopes call it dope.

#233 technical analysis? on 02.14.18 at 12:20 pm

#226 Ian on 02.14.18 at 11:12 am
______________________________________

don’t bring up these points with Garth. he’s bound to stop talking to you or ban you.

stocks are going to get crushed because the bond market is going to panic. the US 10-year will reach 4-5% over the next 12-24 months.

no matter how much earnings increase, stocks can’t withstand those interest rates and stay at these levels.

you can’t have a FED FUNDS rate of 1.25% and an inflation rate of 2%. Fed Funds should already be at 3%. the longer they wait, the more they will have to raise when inflation reaches 4%.

Trump adding gasoline to an already burning fire. Tax cuts. massive deficits. massive new infrastructure plan. with 4% unemployment? good luck.

short bond market.
short stock market.
long commodities.

At least you are consistent. Wrong, but consistent. – Garth

#234 YVRMC on 02.14.18 at 12:26 pm

We don’t allow people to saunter down the street with alcohol or consume in public spaces and for many good reasons. Why would we ever allow public smoking of dope ! High from alcohol or high from drugs it’s not appropriate for youth to be exposed to it . Wake the F**k up people !

#235 M on 02.14.18 at 12:39 pm

..most are stoned already. Whether by mortgages, CBC or weed…does it make a difference ?

Oct 2017
https://www.canadianmortgagetrends.com/2017/10/three-reasons-canadian-mortgage-rates-will-never-hit-5/

..guy is right: “2) The Pain Would be Catastrophic”

..they are already above 5%

http://business.financialpost.com/real-estate/mortgages/big-six-have-now-all-raised-mortgage-rates-as-bank-of-canada-decision-looms

..in 3 moths

:)

..how much of a 3rd world country Canada (and the big bro US) will come out of this…it’s anyone’s guess.

It seems to me that nobody’s considering that modern portfolio theory is just that…another “theory” with the 60-40 risk parity and so on.

It seems to me that nobody considers equities and bonds going down together…like ..hand in hand… singing: “we’re all muuucked”

..but of course.. It can not happen here :)

Of course, Canada is out of the discussion to begin with.
A corpse walking.

#236 SoggyShorts on 02.14.18 at 12:44 pm

#185 IHCTD9 on 02.14.18 at 7:44 am
#169 SoggyShorts on 02.14.18 at 2:02 am
#132 Mark on 02.13.18 at 10:13 pm

__________________________________

CBC just had an article where some gov agency asked the public for feedback on street pricing. Prices came back at 4-6.00/gram. Gov pricing expectations at the time was 10.00/gram.
***********************************
In that article it says “StatsCan economist Conrad Barber-Dueck said this sample might report lower prices because it includes a higher rate of daily users who generally buy in bigger, cheaper quantities.”
$10 per gram = $5 per gram if you buy an Oz. Weed has one of the biggest bulk discounts I’ve encountered in my life. Even just buying a quarter (7 grams) has always meant you get 1-2 of those grams for “free”
I’m still pretty shocked that prices haven’t changed in 20 years, but from a quick 4-site google search and 3 text message inquiries, it seems they haven’t.

That CBC article is skewed just like when the cops find a kilo of cocaine and base the size of the bust off $80-1 gram nightclub baggies, calling it an $80,000 bust when really the wholesale is under $30K

#237 RyYYZ on 02.14.18 at 12:47 pm

#201 Johnnyboy on 02.14.18 at 9:03 am

I’m not boomer and quite frankly I don’t give a rats ass if any of you want to fry your pathetic brains on pot. I don’t use the shit, and I don’t care if you want to use it or not. Here the point I don’t want to be sitting in back yard when the smell of that shit starts wafting over from a neighbors because there is a party on the next door neighbors deck. Some people will say whats the difference between that and manure? Firstly the smell is about the same, they both smell like shit. Secondly and more important though manure wont affect my brain if I inhale it. Pot will effect us just like second hand smoke.
So in answer to you SCM how would you feel if I sat next door to you while you were outside enjoying birthday party for your 5 year old and the little friends were over and I decide to bong it out with copious clouds of pot wafting over to the little ones? Quite legal right? Morally wrong though. You get what you wish for so with that large anus in Ottawa you got pot, should have wished for better jobs and a real leader.

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

Oh, please. Catching a whiff of pot smoke going by isn’t going to get you high, anymore than catching a whiff of cigarette smoke is going to give you cancer or emphysema. It’s a nuisance, nothing more, just like when your neighbour burns some horrible citronella torches, or some terrible crap in their outdoor fireplace.

If the fact that other people can do stuff that makes smells, or noises, or whatever, that annoys you, well you’ll have to find yourself a place on a square mile or more of land where your neighbours are well out of sight, sound, and smell range.

#238 Dmitry on 02.14.18 at 12:51 pm

#55 Asterix1

Just ignore this idiot like 99% of us do.

#239 Guy in Calgary on 02.14.18 at 12:51 pm

#109 Old Ron the Realtor on 02.13.18 at 8:47 pm

Albertan here. You are incorrect. A lot of us want it legalized.

#240 Ogopogo on 02.14.18 at 12:51 pm

#5 Screwed Canadian Millenial on 02.13.18 at 5:56 pm
Kathleen Wynne is a proven leader with a track record of success and has ensured my vote for another strong and stable provincial Ontario majority government.

No wonder everyone hates you here. Troll or just another millennial loser?

#241 TurnerNation on 02.14.18 at 12:55 pm

Home Crapital HCG.TO making a move. All aboard the Buffet train of thought. He gonna own all our homes.

#242 Guy in Calgary on 02.14.18 at 1:23 pm

#156 AB Boxster on 02.14.18 at 12:30 am

Our generation does not want to tax everyone to stuff our own pockets even though that is what you have been brainwashed to think. We are not all entitled and a lot of us work hard to make lives for ourselves contrary to what you may think. No one is forcing anyone to use pronouns they do not like and I fail to see you encouraging tolerance is a bad thing.

A lot of us, at least my circle are actually fiscally conservative. Low taxes, encourage business and allow people to succeed. That is common sense. Where the differences lie, and where you are either being fed propaganda, seek confirmation bias or whatever, is that we are more socially conscious. Social liberty is very important to us. If someone wants to be vegan let them. If someone wants to hunt let them. If someone wants to start a business, encourage it. If someone wants to take a stand against something they feel strongly about, let them. For this blog post today, if someone wants to smoke pot in their home, let them and don’t throw them in jail. Put a no smoking clause in the lease if you are a landlord it is very simple.

Unfortunately, there is no party representation for this. It’s either too far left or right.

Don’t preach liberty, low taxes and Donald Trump unless you are willing to preach liberty for everyone. Otherwise, you are just a con.

#243 Doug in London on 02.14.18 at 1:26 pm

So, what do I do if someone is smoking weed and the smell makes it into my place? Don’t put it past me to go to their unit and say either smoke that stuff outside or invite me in!

#244 Yorkville Renter on 02.14.18 at 1:28 pm

#234 – Won’t somebody think of the children!!!

#245 Ian on 02.14.18 at 1:29 pm

#226 Ian on 02.14.18 at 11:12 am
______________________________________

don’t bring up these points with Garth. he’s bound to stop talking to you or ban you.
—————————–

I give Garth lots of credit here. I see many posts that I know he wouldn’t agree with, but the blog would be very boring if everyone said the same thing.

He’s got it right in his guidelines!

“Respectful, wide-ranging discussion on the topic of the posting is encouraged, and will not be censored”.

#246 Lost...but not leased on 02.14.18 at 1:35 pm

Re “Pot”..”Weed” etc.

Personally speaking…have NEVER smoked anything, found the habit a turn-off.

Many of us grew up in a tobacco environment where smoking was the norm and it was simply accepted. Old ads even had MD’s recommending certain brands.

If not mistaken, tobacco’s downfall was orchestrated by Worker’s Compensation…as hospitality staff at restaurants etc were exposed to 2nd hand smoke which had already been shown to be a carcinogen (BTW..a while back I read the natural”organic” tobacco is not the main problem, it’s the numerous chemicals used to grow tobacco.)

QUESTION…given socio- political strides re: tobacco, why are we going to effectively start all over again with WEED? I and many others cannot stand the smell, my public space will be infiltrated with a pungent odor on par with a venting skunk.

I really don’t understand why the Feds want to make it legal, other than a vote -getting suck -up by Turdeau . “Legalization” should perhaps have been deemed possession limits and unwritten rule of not a priority for prosecution.

It will be a nightmare for strata landlords, as when the offensive odour starts to waft throughout the building, many tenants may vacate, when the bass ackward tenancy rights of Potheads are likely upheld by the rental branch authorities. Examples may be a family in one rental not wanting their children exposed to the fumes and later curiosity of a gateway drug.

In essence, people have the right to as close to clean air as is possible, THOSE rights should trump all others.

#247 Reddy on 02.14.18 at 1:48 pm

“. I think most of the population would not pay $10 for a beer.”

What? I guess mark doesn’t get out to a pub much… . Between beer tax and tip, I’m well over 10.

Sorry mark, usually I’m (quietly) on ur side… But do a bit of research eh?

#248 Cassius King on 02.14.18 at 1:52 pm

#233 technical analysis? on 02.14.18 at 12:20 pm
#226 Ian on 02.14.18 at 11:12 am
______________________________________

don’t bring up these points with Garth. he’s bound to stop talking to you or ban you.
short bond market.
short stock market.
long commodities.
__________________

At least you are consistent. Wrong, but consistent. – Garth
************

If I may interject – there is no right” or “wrong” way to play a roller coaster.

You can be either “early” or “late”, but more often than not it pays to just play the “rope a dope”.

#249 Fake news? Aaghhh trumps words on 02.14.18 at 2:04 pm

Thanks pink snow for giving another perspective in the media’s portrayal of RE

https://www.theglobeandmail.com/real-estate/the-market/home-prices-rise-on-gains-in-vancouver-victoria/article37975024/

#250 Mark on 02.14.18 at 2:05 pm

“Can you explain why deducting the mortgage principal being paid from expenses is a flawed justification for being a landlord? This seems reasonable, considering that your net worth is increasing with each principal payment, no?”

Amortization tends to reflect depreciation on a depreciating asset such as residential real estate.

If you take out, for instance, a 40 year amortization, 40 years later, chances are, the property will need an almost complete top to bottom renovation to be ‘current’ and reasonably viable including replacement of most of its mechanical systems. What probably was a property in a higher-end, well-to-do neighbourhood at the time may very well be lower class by this time as well and attract a significant discount on such basis alone.

Interest rate changes, and more recently, extreme speculation have covered up a lot of this natural depreciation. But in a more historically normal environment, its not an unreasonable proposition for residential real estate to lose much of its value as time, weather, etc., deplete its physical elements and styles change.

Hence amortization schedules protect the lender from this inevitability, that the collateral that is beneath the loan is fundamentally a depreciating asset.

#251 Steven Rowlandson on 02.14.18 at 2:08 pm

Tenants might need to have a grow op in order to pay the rents….

#252 MF on 02.14.18 at 2:11 pm

#223 T2 must go on 02.14.18 at 10:55 am
DELETED

Oh man. Come on Garth please can we see this one?

MF

#253 Rooster on 02.14.18 at 2:25 pm

#246 Lost…but not leased on 02.14.18 at 1:35 pm
Re “Pot”..”Weed” etc.
Personally speaking…have NEVER smoked anything, ..

If not mistaken, tobacco’s downfall was orchestrated by Worker’s Compensation…as hospitality staff at restaurants etc were exposed to 2nd hand smoke which had already been shown to be a carcinogen (BTW..a while back I read the natural”organic” tobacco is not the main problem, it’s the numerous chemicals used to grow tobacco.)
*************
You are mistaken. Tobacco, whether “organic” or not, kills 6 million people a year, whose life expectancy is reduced by an average of 10 years. Tobacco’s downfall was orchestrated by the fact that it kills up to half of it’s users, and its advertising has been severely curtailed. Are you in the advertising business, or just incredibly ill-informed?

https://www.cdc.gov/tobacco/data_statistics/fact_sheets/fast_facts/index.htm

#254 Stan Brooks on 02.14.18 at 2:28 pm

https://twitter.com/bill_morneau?lang=en

It seems you are invited to a date with bill.
Bring lubricant.

#255 technical analysis? on 02.14.18 at 2:34 pm

At least you are consistent. Wrong, but consistent. – Garth
____________________

it’s good to be consistent at something.

#256 heloguy on 02.14.18 at 2:34 pm

So while it is illegal to have a still and make alcohol.

Actually Garth, it is not. Just can’t sell it. Company below has CDN distributors

https://stillspirits.com/collections/stills/products/turbo-500-still

Cheers,

In your condo? Good luck. – Garth

#257 Milla on 02.14.18 at 2:36 pm

I live in Alberta. Own a condo. I have headaches if somebody smokes close. I hate smell of marijuana. I found it disgusting. Why would I be silent if this crap infiltrates in my unit? Of course I will do anything to stop it. On other hand, I heard a story about some guy’s wife who was dying from cancer. The guy had to buy marijuana to lessen her pain. Well, I understand that. But I do not understand the youngsters who consume the crap ruining their health and endangering neighbours health and properties. Everybody knows that marijuana affects ability to act reasonably.

#258 pBrasseur on 02.14.18 at 2:38 pm

The only goal this budget should have is to make investing in this country more appealing. Capital gains tax should be reduced as well as other investment gains taxes and business tax. At this point it is the only way out.

Without that we’ll be breathing dirt soon and for a long time.

#259 Stan Brooks on 02.14.18 at 2:42 pm

#226 Ian on 02.14.18 at 11:12 am
Markets FINALLY making some sense.

Gold up $20, US yields 4-year high, stock market selloff coming. Market finally waking up to the inflation increase.

USD basket (DXY) getting absolutely crushed. About to knife downwards through 89. Look out beeelowwwwww!

https://www.theice.com/products/194/US-Dollar-Index-Futures/data

—————————–

Very likely gold hits 2 k USD this year, junior miners quadruple and 10 years treasuries hit 4 %, CAD at .65 USD = 50 euro cents and Poloz takes indefinite stress leave.

#260 Lost...but not leased on 02.14.18 at 3:06 pm

#253 Rooster…

Is your life’s mission…essence…being…spirit (and possible lack of “hen”..”chick” porn) based around starting nit-picking p*ssing matches ?

Warning labels have been on cigarettes for years….the health impact has been known for decades. Duhhhh,

My recollection, at least in BC was the hammer came , strategically or otherwise, when 2nd hand smoke became the rallying cry starting with workers in pubs restaurants etc.

One has to reflect Tobacco Industry massive tax revenue to Fed. Gov’t…compared to other Gov’t agencies deeming it an unacceptable risk to certain classes of citizens. Then the matter simply cascades as smoking became unacceptable to many who previously had to “legally” tolerate it.

BC Ferries recently banned any/all smoking on board…I am sure that will include Pot…

Now go back to chasing your comrades in the Koo-Koo coop…

#261 Lost...but not leased on 02.14.18 at 3:18 pm

#256 heloguy

A “still”?

Seriously?

A ” still” would be used to make various high alcohol (ie 40% plus)content booze.

That’s a major explosion waiting to happen under a number of circumstances, worse if it’s in a strata.

As an aside..apparently in New Zealand properties on market must be tested for indications of pre-existing Meth Labs.

Isn’t housing affordability the main concern..now we also have to worry about ” Pot “and “Stills “next door?

#262 april on 02.14.18 at 3:46 pm

# 249 – The reporter is being misinformed — believes the lies put out by the corrupt RE industry and the media that sucks it all up. Go to the CMHC website if one wants to see the charts.

#263 april on 02.14.18 at 3:51 pm

#218 – No. The media just runs with whatever spin the crooked RE industry reports.

#264 Overheardyou on 02.14.18 at 4:07 pm

#147 Guy in Calgary on 02.13.18 at 11:23 pm
Opiates and alcohol kill people, not pot. Imagine they made alcohol illegal? What would all those opposed to legal weed on the blog say then? So I like to vape something after a 10 hour work day. Who are you to tell me i cant? I finished school, got some designations and have a decent job. I live a good life. Probably because I don’t drink much. People enjoy different things, let them enjoy them.

——

Then have them enjoy them without impacting others. Weed is toxic and the smell is unbearable, burning anything and inhaling it is not normal. We can’t even enforce the smoking ban distance from entrances and yet you want to move forward? I sincerely hope the law enforcement budget is greatly increased.

I’ve seen a lot of pot smokers from my youth amount to absolutely nothing in life because they were too scared to face their fears and ran to drugs and alcohol. If this is what you call progressive, then we have a problem. To put insult to injury, legalizing a drug without proper research and critical thinking is the biggest mistake you can make as a government.

#265 jess on 02.14.18 at 4:13 pm

tenants in the trump buildings …. conflicts?

land- lord- in chief
https://www.propublica.org/series/trump-inc
https://www.forbes.com/trump-tenants/#a1385ea1d320

‘Trump, Inc.’ Podcast Extra: Trump’s Company Is Getting $175 Million Annually in Previously Undisclosed Rent
by Andrea Bernstein, WNYC, and Eric Umansky, ProPublica Feb. 13, 8:45 a.m. EST
Forbes reporters tracked down Trump’s many commercial tenants. Among them: a state-owned Chinese bank goldman sachs etc

https://www.forbes.com/trump-tenants/#5fd8146b1d32
===========
anon to anon
[Cohen] established Essential Consultants LLC, on Oct. 17, 2016, just before the 2016 presidential election, corporate documents show. Mr. Cohen, who is based in New York, then used a bank account linked to the entity to send the payment to the client-trust account of a lawyer representing the woman, Stephanie Clifford, one of the people said.

Delaware doesn’t require companies to publicly disclose the names of their managers… [O]n its formation documents, which were reviewed by The Wall Street Journal, Mr. Cohen listed himself as the “authorized person” for the company, rather than hiring a lawyer or an agent to serve in that role, which some company owners do to further obscure their identities. To further mask the identities of the people involved in the agreement, the parties used pseudonyms, with Ms. Clifford identified as “Peggy Peterson,” according to a person familiar with the matter.

#266 SoggyShorts on 02.14.18 at 4:45 pm

#260 Lost…but not leased on 02.14.18 at 3:06 pm
#253 Rooster…

My recollection, at least in BC was the hammer came , strategically or otherwise, when 2nd hand smoke became the rallying cry starting with workers in pubs restaurants etc.
*******************************
Yep. In BC they started off by making separate glassed in areas in bars where you could smoke, but no employee was allowed in to serve you.
In AB the first push was for the sake of minors, so the first ban was that you couldn’t smoke on patios, but you could smoke inside the pub. We had a good laugh/cry over that one, since having a big diesel truck chugging by the pub’s patio is safe, but just in case for some reason a 16 year old might walking by that patio, everyone needs to butt out.

#267 Ustabe on 02.14.18 at 4:46 pm

For those who chose to read:
Chasing the Scream by Johann Hari is well worth your time. Read it and I can’t see anyone remaining onside with the current state of affairs regarding recreational drug regulation.

A deep dive into Portugal and its choice to decriminalize ALL drugs has allowed them to move funds from arrest and prosecution/incarceration to intervention, therapy and diversion. They are finding out startling stuff about addicts, those who are drawn to illicit drugs. Apparently being able to access your drug of choice from a proper drug store allows you to continue work, school and family, pay taxes rather than end up on the street.

My last point: When I was young we were told by the people in charge that smoking marijuana would give us boys woman’s breasts. They lied. I remain, in my 7th decade, a broad shouldered, flat chested, extremely handsome man. Maybe it was because I preferred hashish suppositories to smoking the stuff, maybe not.

Keith in Rio: totally agree with all your posts on this matter.

#268 Entrepreneur on 02.14.18 at 4:52 pm

I have seen people that smoked pot most of their lives and are now their bodies are hurting with pain. And I think mentally they are not there, either.

Smoking pot is not a cure.

Went to a marijuana meeting about the town opening to sell and about 40 people showed up, filled out the handed out form. Then in the newspaper it said that the majority of the people agreed to go ahead with the plan. Oh really, playing with the figures and the bias push.

#269 Ustabe on 02.14.18 at 4:53 pm

We knew we could not make it illegal to either be against the war or the blacks, but by getting the public to associate the hippies with marijuana and the blacks with heroin, and then criminalizing both heavily we could disrupt those communities.

We could arrest those leaders, raid their homes, break up their meetings and vilify them night after night on the evening news.

Did we know we were lying about the drugs? Of course we did.

Nixon policy advisor John Ehrlichman.

#270 SimplyPut7 on 02.14.18 at 5:04 pm

From article:

https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/is-this-the-year-household-debt-gets-messy/article37972424/

At Mr. Cocomile’s office, a lot of people are flunking the test. He’s had 10 people contact him about refinancing this year who did not end up qualifying. “All 10 would have qualified a year ago,” he says.

***

Refinancings in which people increased the amount they owe accounted for 21 per cent of the one million or so new mortgages issued in 2016, the most recent numbers from Canada Mortgage and Housing Corp. show. That’s an increase of 3.8 per cent over the previous year.

***

It’s arguably a good thing that refinancings are harder to get in 2018. With rates rising, it’s time for households to attack their debt, not accommodate it.
————————

That seems like a lot of people trying to refinance every year.

I noticed reporters/experts talking about paying down debt again. I don’t think that has sunk in yet with recent home buyers in Toronto.

Those bidding wars and debt from the renovated kitchens, bathrooms and basements are meant to be paid off not sit on the credit line indefinitely with the hopes of being cleared when the house is sold in the future.

#271 jess on 02.14.18 at 5:19 pm

Canada Revenue Agency officers, backed up by police, raided locations in three provinces Wednesday as part of a criminal tax-evasion probe stemming from the Panama Papers, the agency said.

About 30 criminal investigators from the CRA executed three search warrants in the Toronto area, Calgary and West Vancouver, with assistance from the RCMP and the West Vancouver police, the CRA said in a statement online.

It’s the first time the revenue agency has publicly disclosed details of any of the “several criminal investigations” it has long said it is conducting based on the Panama Papers leak, and could be a sign the CRA is preparing to bring rare criminal charges against people hiding money offshore.

“The CRA’s investigation identified a series of transactions involving foreign corporations and several transfers through offshore bank accounts used, allegedly, to evade taxes,” the agency said.

#272 Theyounggreek on 02.14.18 at 5:29 pm

Gentlemen,

I think the people freaking out about the legalization of weed are the ones that need to smoke it the most. Wait until you’re in your mid twenties then smoke away. That goes for booze too. As far as apartment buildings becoming massive grow-ops, give your head a shake. You can grow lettuce and basil in your apartment too but most of us go to the store and buy it. Hence another benefit of legalization, less grow-ops.

#273 Blessed_Canadian_Millennial on 02.14.18 at 5:57 pm

#97 IHCTD9 on 02.13.18 at 8:23 pm
#8 Jag Mann on 02.13.18 at 5:59 pm

This seems reasonable, considering that your net worth is increasing with each principal payment, no?
———-

You go to the bank to put a lump sum down on the principal of your mortgage.

You pull 100.00 from your wallet and give it to the bank. Your net worth just dropped 100.00

The bank applies the 100.00 against your debt, reducing it by 100.00. Your net worth just gained 100.00

You go home with the same net worth as you left with.

———-

Yeah, unless the $100 is coming from, you know, the tenant. Then that does increase your net worth.

#274 Guy in Calgary on 02.14.18 at 6:10 pm

#264 Overheardyou on 02.14.18 at 4:07 pm

I hate the smell of burning exhaust when I wait to cross the street therefore, people should not drive around me. I dislike loud drunken lunatics so they should live somewhere I don’t. Alcohol is also literally poison. So are painkillers and sleeping pills. I have seen people from my youth that drank have problems later in life. I have seen people from my youth that were straight edge have problems later. It’s a bad argument.

#275 Bloodcross on 02.14.18 at 6:23 pm

Net worth is defined as assets minus liabilities.
For reasonable most reasonable people, your net worth is a measure of how wealthy you are.
Therefore, repaying debt is actually increasing your wealth.

You didn’t “create” the wealth, but you acquire more of it instead of spending it, which is effectively the same for most people.

If you don’t “deduct the mortgage principal being paid from expenses”, then an undocumented “side-effect” or a ROI of ZERO is that, surprise, you own a free house at the end of the amortization. ROI zero indeed… /smh

#276 Bloodcross on 02.14.18 at 6:33 pm

@#273 Blessed_Canadian_Millennial

“Yeah, unless the $100 is coming from, you know, the tenant. Then that does increase your net worth.”

Principal amount remains in your net worth, just like investments, interests and costs are deducted from your networth.

For many people, any money not saved is spent. When you save (either in paying down debt OR investing), you increase your net worth VERSUS NOT SAVING. That’s what people mean by taht.

But, like you pointed out, repaying debt is net worth neutral. Why should something that does increase or decrease your networth influence your ROI? Considering capital repayment as cost (which is what Garth seems to be advocating) is simply erroneous.

#277 Bloodcross on 02.14.18 at 6:56 pm

#264 Overheardyou on 02.14.18 at 4:07 pm

“legalizing a drug without proper research and critical thinking is the biggest mistake you can make as a government.”

Lol, clearly you are not an history buff.

#278 groovin123 on 02.14.18 at 7:05 pm

#182 MF on 02.14.18 at 6:59 am
#172 groovin123 on 02.14.18 at 2:12 am

and you laughed because…..??

I’m not laughing.

————

Introduce, yes introduce, a newly legal drug and you will have a lot of people who were on the fence start smoking. This will be particularly evident with the more impressionable cohorts like teens -exactly the same demographic that is most susceptible to its negative side effects on brain development.

That’s the point you missed.

MF

M34ON
———–

Sometimes I wish I was this naive.

“Nearly 40% of all 12th-graders surveyed had used some sort of illicit drug in the past year, while 55.7% of them had used alcohol. Nearly 28% of 10th-graders had used an illicit drug, and 37.7% of them had alcohol in the past year.”

Drug use and alcohol use are nearly identical.

And guess what? Alcohol is legal. Although neither are legal to teens.

Here’s the source.
https://www.cnn.com/2017/12/14/health/monitoring-the-future-teen-drug-use-2017-survey/index.html

#279 ulsterman on 02.14.18 at 8:17 pm

#13 MF “It’s for losers plain and simple. I don’t care if you “know a brain surgeon who smokes every day”, for the average person this gateway drug makes you lazy and addicted.”

But of course you are well aware that there is no evidence that pot is a gateway drug to harder drugs. It just defies common sense. Let’s think about it for a moment. People chilling out in the evening smoking a joint and then the next thing you know they’re not satisfied and asking their supplier for some crystal meth, fentanyl, or heroin. Yeah, that sounds reasonable… totally reasonable.

#280 DON on 02.14.18 at 11:33 pm

#264 Overheardyou on 02.14.18 at 4:07 pm

#147 Guy in Calgary on 02.13.18 at 11:23 pm
Opiates and alcohol kill people, not pot. Imagine they made alcohol illegal? What would all those opposed to legal weed on the blog say then? So I like to vape something after a 10 hour work day. Who are you to tell me i cant? I finished school, got some designations and have a decent job. I live a good life. Probably because I don’t drink much. People enjoy different things, let them enjoy them.

——

Then have them enjoy them without impacting others. Weed is toxic and the smell is unbearable, burning anything and inhaling it is not normal. We can’t even enforce the smoking ban distance from entrances and yet you want to move forward? I sincerely hope the law enforcement budget is greatly increased.

I’ve seen a lot of pot smokers from my youth amount to absolutely nothing in life because they were too scared to face their fears and ran to drugs and alcohol. If this is what you call progressive, then we have a problem. To put insult to injury, legalizing a drug without proper research and critical thinking is the biggest mistake you can make as a government.
****************************

You applied critical thinking? YIKES! Somebody get me a Scooby snack.

#281 WM on 02.15.18 at 12:13 pm

Marijuana smells fantastic. And all the lame dorks complaining on here better get used to it. Jokes aside though, if there’s one thing I can’t stand it’s people that are so sure of themselves with little facts to support their lame dork arguments. “weed makes you lazy, weed is addictive etc etc” FALSE.

#282 IHCTD9 on 02.15.18 at 2:48 pm

#273 Blessed_Canadian_Millennial on 02.14.18 at 5:57 pm
#97 IHCTD9 on 02.13.18 at 8:23 pm
#8 Jag Mann on 02.13.18 at 5:59 pm

This seems reasonable, considering that your net worth is increasing with each principal payment, no?
———-

You go to the bank to put a lump sum down on the principal of your mortgage.

You pull 100.00 from your wallet and give it to the bank. Your net worth just dropped 100.00

The bank applies the 100.00 against your debt, reducing it by 100.00. Your net worth just gained 100.00

You go home with the same net worth as you left with.

———-

Yeah, unless the $100 is coming from, you know, the tenant. Then that does increase your net worth.

______

A bit yes. Depending on where the landlord is in the mortgage amortization, roughly 20.00-50.00 worth of NW increase will be realized from every 100.00 of rent money paid against the mortgage.