Who can you trust?

BABY modified

Last Wednesday, GTA agents whooped as the local real estate board reported big numbers.

TORONTO, February 19, 2014 — Toronto Real Estate Board President Dianne Usher announced that “sales growth has rebounded so far in February after a slow start to the year in January. ” Greater Toronto Area reported 2,767 sales through the system during the first 14 days of February.  This result was up by 1.3 per cent in comparison to 2,731 transactions reported during the same period in 2013.

Well, not exactly. A year ago TREB announced (with fanfare) there had been 2,823 sales in the first two weeks of February, 2013. That actually means sales this year were not up 1.3%. They were down 2%. This misreporting is consistent. In January, for example, the agents this year said sales were down 2.2% from the same month last year. But sales actually fell 5.5% from the sales reported a year ago. A big discrepancy.

Obviously TREB goes back and revises its published statistics. That’s cool. Hundreds of deals included in a monthly number may never, in fact, close. But to consistently tell the public total sales this past month (hundreds of which will probably not close) are higher (or lower) than the revised and unpublished number for last year can be manipulative and disingenuous. That the media reporting the stats doesn’t care poses another question: who can you trust?

Last autumn this pathetic blog devoted some inches to showing how realtors also double-list properties on neighbouring boards. As well, realtors are alleged to routinely count FSBOs in their totals and compare those numbers to years in which private sales were not included. Of course, outfits like TREB largely use average numbers when reporting prices, rather than more accurate median figures. Other boards don’t provide raw numbers at all, preferring to throw them in a blender and spit out a ‘Home Price Index’ Frankenumber which disguises market trends.

CREA modified  Ninety days ago CREA responded to these allegations by sending out an email to all its boards, many of which immediately published it. The national body passed the buck for multiple listings, admitting they exist, but insisting they’re statistically irrelevant.

Recently there have been media articles about CREA’s monthly resale housing information that question the accuracy of our data. These articles have been generated by completely unfounded and uninformed accusations from observers outside of our industry. They are wrong and we want to assure our membership that you – and your clients – can count on the statistical information we publish. These observers point to duplicate listings on REALTOR.ca as their evidence of “double-counting” without acknowledging that REALTOR.ca is simply a marketing site. The statistics used by CREA’s economics team for analysis and reporting don’t come from REALTOR.ca, rather they are generated by Board and Association MLS® Systems, and provided to CREA by those Boards and Associations.

To explain further, duplicate listings represent less than 0.8 per cent of all residential listings on REALTOR.ca. In many areas, including where these are heavily concentrated, they are correctly handled by the Boards and Association involved and not double counted for the purpose of statistical reporting of monthly MLS® data. The scope for any impact on national sales data from the remaining widely and thinly dispersed duplicate listings that may slip through represents a fraction of a fraction of one per cent. This is not statistically significant, particularly as it relates to the identification of trends.

CREA, a private and lightly-regulated real estate body, did not address the issue of the dominant board in Canada feeding data to the national organization, then revising the numbers later. It did not address how private sales are counted. Nor did it provide any methodology to validate the 0.8% duplicate-listing anomaly. But it did say all criticism is “completely unfounded” with the critics being “uninformed” and “wrong.” Methinks they might protest too much.

Ross Kay has been part of this issue. The guy was a career GTA realtor before turning into a full-time pain in CREA’s butt. This week (starting Monday) he’s promised to offer proof the country’s national real estate organization, and the local boards feeding it, are deceiving you.

“We will be exposing the fraudulent data being reported by posting it online, starting Monday,” he tells me. “Although adding one plus one is the simplest of math computations, explaining how CREA’s addition is wrong, when a whole industry refuses to accept it, has been very difficult. Hopefully our daily reveals this week on the over-reporting will allow for this fraud to be exposed and for Canadian consumers to finally understand who they can and cannot trust.”

Kay says each day this week on his site he will dice and slice CREA numbers, showing how sales volumes are misreported, how multiple counts of single listings impact the final stats, and how private sales, as well as new home sales counted as resales, further skew the total.

“Our expertise in the housing sector should be established beyond reproach at that time,” claims Kay, “and Canadians can for the first time get a legitimate alternative opinion on the real estate market and what its current/future state is.” Just for the record, he says, false real estate data “has placed Canadians at exceedingly high levels of risk for being in a housing bubble.” A bubble, he says, his numbers prove is leaking badly.

This should be fun.

173 comments ↓

#1 Bobby on 02.23.14 at 5:51 pm

As I have always said, who believes what a realtor says anyways. For them, it is always a good time to buy.

#2 T.O. Bubble Boy on 02.23.14 at 5:53 pm

I’m curious: what is Ross Kay’s motivation in all of this? Is he switching careers? Or, he’s going for the “most trustworthy” angle to get RE clients?

#3 T.O. Bubble Boy on 02.23.14 at 6:03 pm

Meanwhile, the truth of the “Economic Action Plan” is coming out (i.e. that it was a sham built on HELOC-funded renovations):

http://www.cp24.com/news/middle-class-dreams-a-myth-in-canada-s-troubled-economy-report-1.1700050

“many in the middle spend more than they earn, mortgaging their future to sustain their current consumption.”
“Over the medium term, middle-income Canadians are unlikely to move to higher income brackets, i.e., the ‘Canadian dream’ is a myth more than a reality.”

#4 Lawsuit on 02.23.14 at 6:03 pm

Mr. Kay’s claims are libelous. I’d be very surprised if CREA didn’t sue.

#5 airhead princess channels 'the truth hammer'. on 02.23.14 at 6:07 pm

Th Canadian Dream is a myth…

http://www.calgaryherald.com/news/politics/Canadian+Dream+myth+says+internal+government+report/9541042/story.html

People are spending more than they make to keep the facade of well being…Bwahahahahhahaahahaa…they’re just finding out about this now? Personal debt at 170% was just a mystery number that no one understood and fewer reporters chose to even recognize as a real? Mortgage debt and rental being 80 +++ % of income and this is news? Seniors eating cat food and lining up at food banks because of ZIRP …starving kids at the gospel Mission , bloated civil servants laughing all the way to the bank and we’re only hearing of it now? How big is the rock that Canada’s media is living under?

#6 TurnerNation on 02.23.14 at 6:08 pm

Attn. new blog dogs. The following usernames are still available; reserve yours today.

The Chartist Guy in the room

Stephen who?

Bunkernomics

Ancient & Accepted Blog Dog

Flourides of March

Dr. Wane

Inoffensive Moniker

Fancy Coloured Kias

Ingot we Trust

Gambit coin

Capitalist Prig

Buster Reeko

…..

Reserved:
Blog Dog Poloz

#7 Bargains everywhere on 02.23.14 at 6:12 pm

http://www.realtor.ca/propertyDetails.aspx?propertyId=14050042&PidKey=-166684211

This house was listed on February 8th at $1,398,800. They were hoping for a bidding war which I guess didn’t happen so today the price was increased to $1,588,000.

I am seeing this more and more. The crazy thing is, if they wait long enough, they will eventually get some sucker to buy it with a ‘lowball’ offer of say, $1,480,000.

This market seems to be defying logic and I wish I knew what it will take to finally cool it off.

#8 Mike on 02.23.14 at 6:13 pm

#5 Lawsuit on 02.23.14 at 6:03 pm
Mr. Kay’s claims are libelous. I’d be very surprised if CREA didn’t sue.
———————————————————
A lawsuit will fail because if he has proof, or even reasonable proof, it is fair comment. If he can prove these accusations, then there is no lawsuit. Libel lawsuits are often used to quite people for a period and waste their resources; quite often misused, as it would be in this case.

#9 Office of Resettlement, Hell on 02.23.14 at 6:28 pm

This note is sent out to all department heads in advance of upcoming events in the GTA where we seem to be getting so many new souls from lately. Be advised that a series of articles this coming week may result in increased fatalities of a particular class of vermin we are seeing a lot of these days: real estate agents. Oddly enough, the source of these articles is not one of ours but instead, he is on the side of the folks upstairs. Mr.Ross Kay, who used to be one of ours, is preparing a series of articles that may precipitate increased “activity” on the part of the general populous directed towards the agents. Yes, there will be blood.

Simply put, we don’t have enough space for these people in their designated special section of Hell, particularly these GTA realtors. We have to be creative here. Remember what happened in 2007 when we were flooded with all those people who worked in the finance industry. We eventually had to make arrangements with Purgatory to hold onto the overflow. And as we all know, some of the bigger fish got away. Indeed, most of them are still hard at work at the banks and other institutions where they did such good work.

Just as a follow up, last month we told you that the folks in advertising had come up with an interesting idea which was to offer membership to the agents (standard contract: soul swap in exchange for earthly delights). Accounting has raised a concern that since most of these vermin end up here anyway, do we need to offer these contracts? The matter has been sent to the executive team and we should have an answer sometime this century.

#10 Mark on 02.23.14 at 6:36 pm

#5 Lawsuit on 02.23.14 at 6:03 pm

Mr. Kay’s claims are libelous. I’d be very surprised if CREA didn’t sue.
__________________

It’s not libel if it’s true.

#11 Freedom First on 02.23.14 at 6:40 pm

Thank you Mr. Garth Turner and Mr. Ross Kay, for your relentless diligence in fact finding, and search for and revelation of nothing but the truth, backed up by the truth and exposing the falsehoods presented to the Canadian public. Lies and falsehoods are pure evil, and the men and women who expose them are people of courage, as many countries in the world, now, and throughout history, severely punish the whistle blowers/purveyors of truth. The majority of people mock the truth tellers until it is too late, and end up, through their own ignorance and apathy, then rioting in the streets, after having lost everything, as is happening now, and recently, on a world wide basis. Fact.

#12 pinstripe on 02.23.14 at 6:47 pm

the fed policymakers are the Root Cause to the lack of trust in all of the systems, starting with the red chamber and working down the entire food chain. The people working on the ground level, where the work gets done, will do whatever the policies allow them to do. The people need to examine the latest drama about the fed budget. Everyone knows that the manipulation is designed to prepare for the next fed election with lies, creative accounting, bogus statistics, etc.

It is interesting how the politicians have become so concerned about the middle class lately. The political policies have destroyed most of the middle class and now these same policymakers are so concerned about the middle class. Who do you trust?

#13 D-Dawg on 02.23.14 at 6:48 pm

#5 Lawsuit on 02.23.14 at 6:03 pm
Mr. Kay’s claims are libelous. I’d be very surprised if CREA didn’t sue.

— — —

Mr. Kay’s claims may be libelous if they are false. Statements of fact, however, are not defamatory.

The CREA is unlikely to take action against Kay for defamation. The burden would lie with them to demonstrate that what Kay is saying (or some portion thereof) is false and damaging.

In a similar manner to our host, I’m certain Kay chooses his words carefully and laces sufficient truth throughout ensuring that any claim of defamation is easily defended.

#14 Freedom First on 02.23.14 at 6:54 pm

#3 T.O. Bubble Boy

Yes, attack the messenger TOBB. You are another person who can not comprehend that there is people who expose the truth because they stand for the truth, and you do not understand some people are just this way, but you are not one of them.

#15 Finally on 02.23.14 at 7:01 pm

I pray for a correction soon, been waiting too long.

#16 jess on 02.23.14 at 7:01 pm

In search of an honest banker
Written By: Austin Mitchell and Prem Sikka
Published: February 21, 2014 Last modified: February 19, 2014

…”Once upon a time, banks portrayed themselves as a friend of the customer and small business. That pretence to honesty and integrity has been blown away by the relentless pursuit of private profits. The “greed is good” culture has made some corporate executives and traders filthy rich, although their socially useless practices have caused enormous harm and misery. Under the weight of public anger, usually after scandals, some regulatory agencies awoke from their self-induced insomnia only to find that the whole sector is engulfed by the tide of sleaze.

No lessons have been learnt from selling predatory financial products for decades. In December 2013, the Lloyds Banking Group was fined more than £28 million for selling abusive financial products through financial incentives. The Financial Conduct Authority (FCA) said “seven out of 10 advisors at Lloyds TSB and three out of 10 at Halifax still received their monthly bonus even though a high proportion of sales were found – by the firms themselves – to be unsuitable or potentially unsuitable. Further, 229 advisors at Lloyds TSB received a bonus even when all of their assessed sales were deemed unsuitable or potentially unsuitable”

http://www.tribunemagazine.org/2014/02/in-search-of-an-honest-banker/

#17 zee on 02.23.14 at 7:02 pm

Hi Garth

Assuming that Ross is correct, and sales are off 2-3 percent,I dont think that that will change a person’s opinion on real estate.

It has been said many times on this blog, for real estate to sink, you need interest rates rising significantly and this is not happening.

#18 Happy Renting on 02.23.14 at 7:04 pm

#139 Waterloo Resident on 02.23.14 at 1:52 am

We are more constrained by traditional gender roles than we’d like to admit.

#19 jess on 02.23.14 at 7:05 pm

13 pinstripe

time between crashes has decreased with increased wealth gaps esp. after crashes see
Technological Revolutions and Financial Capital (2002)Carlota Pérez’s

How Rich Countries Got Rich . . . and Why Poor Countries Stay Poor: Erik Reinert

dilemma turns into innovators nightmare ?
Big Bang Disruption: Strategy in the Age of Devastating Innovation

#20 Role on 02.23.14 at 7:05 pm

Has anyone really been far even as decided to use even go want to do look more like?

#21 Happy Renting on 02.23.14 at 7:06 pm

#7 TurnerNation on 02.23.14 at 6:08 pm

If I were a goldbug I’d take Ingot We Trust! Funny!

Need to think up a more creative username…

#22 Waterloo Resident on 02.23.14 at 7:10 pm

I just watched a really depressing documentary about the youth in Canada unable to get any meaningful work. If it’s true, then our ultra-expensive real estate economy is truly doomed.
it’s named: “Doc Zone – Generation Jobless”

Watch it yourself here:
https://www.youtube.com/watch?v=4UUuMWqA8eE

When the boomers finally decide it is time to sell and retire to the good life in the sunny south, there won’t be the numbers of young people out there able to afford to pay the kind of money the boomers are expecting.

#23 economictsunami on 02.23.14 at 7:16 pm

This analysis is already outdated and at least 5 years old.

“… The analysis stops short of the 2008 global recession, though other analysts have noted the economic crisis wiped out many well-paid manufacturing jobs in central Canada that have supported middle-class prosperity…”

Canadian politics: Closing the barn door, after the horses have bolted, since 1867…

#24 Obvious Truth on 02.23.14 at 7:17 pm

Who’s wrong. Articles, observers or the specific accusations.

‘In many areas ……. they are correctly handled’

Has this cleared things up for anyone? I’m a little confused. Can anyone help?

#25 john mounfield on 02.23.14 at 7:21 pm

I read this blog daily and I am sickened by what I read about CREA consistently fudging the numbers so that realters can enjoy a healthy market and more sales. How can an industry as important as this be unregulated?

#26 Matt Hughes on 02.23.14 at 7:24 pm

Hmm, my records only have 2391 sales during the first two weeks of February.

My source data must be incomplete.

#27 Van Isle Renter on 02.23.14 at 7:28 pm

#5 Lawsuit on 02.23.14 at 6:03 pm
Mr. Kay’s claims are libelous. I’d be very surprised if CREA didn’t sue.

+++++++++++++++++++++++++++++++++

If CREA sues it’ll certainly backfire as CREA only wants these allegations to quietly go away. Filing a lawsuit makes it NEWS! and draws the attention of the government and regulators. The last thing CREA wants is someone shining the cold light of day on their antics.

If a CEO of a TMX-listed company told tales like the CREA routinely does, the CEO would be in jail.

#28 Alberta Ed on 02.23.14 at 7:40 pm

If only there were a way to staple Kay’s posts to the foreheads of the MSM and Canadian politicians…

#29 Herb on 02.23.14 at 7:41 pm

#6 airhead princess channels ‘the truth hammer’,

love your handle – two moles with one whack!

#30 gladiator on 02.23.14 at 7:52 pm

Nothing like a former insider spilling the beans on the establishment’s shenanigans.

#31 Smartalox on 02.23.14 at 7:52 pm

This will be interesting indeed: the nice thing about numbers is that they can only add up one way. If CREA wants to prove Ross Kay wrong, they’re either going to have to reveal their raw data or their methodology to public scrutiny.

Sometimes you can’t resist cutting off you own nose to spite your face.

#32 recharts on 02.23.14 at 7:58 pm

T.O. Bubble Boy on 02.23.14 at 5:53 pm
I’m curious: what is Ross Kay’s motivation in all of this? Is he switching careers? Or, he’s going for the “most trustworthy” angle to get RE clients?

He is not Realtor anymore but probably he has close family still in this business.
When it comes to publicity in this business you never have enough of it.

#33 airhead princess on 02.23.14 at 8:01 pm

” #30 Herb on 02.23.14 at 7:41 pm

#6 airhead princess channels ‘the truth hammer’,

love your handle – two moles with one whack!”

I guess the real question is ” How many Liberals can fit in a wood chipper”.

#34 Victor V on 02.23.14 at 8:02 pm

Middle-class dreams a ‘myth’ in troubled economy: internal government report

http://www.theglobeandmail.com/news/politics/middle-class-dreams-a-myth-in-troubled-economy-internal-government-report/article17056573/

#35 recharts on 02.23.14 at 8:03 pm

#5 Lawsuit on 02.23.14 at 6:03 pm
Mr. Kay’s claims are libelous. I’d be very surprised if CREA didn’t sue.

Should I be afraid too when post information like this? https://twitter.com/recharts/status/436135337656471552/photo/1

#36 april on 02.23.14 at 8:04 pm

#29- Send by snail mail and besides there’s lots of other place to staple these reports…………

#37 Tiger on 02.23.14 at 8:12 pm

#3 bubble boy!
Who would rather use, Ross k or smoking man!

#38 Tiger on 02.23.14 at 8:41 pm

#16 finnaly!
If you purchased re in the last 4567 Years and haven’t sold by now you are dun! Do the math! Your investment will have cost you huge dollars! You will have worked for the last 4567 years to pay the bank, you loose!
Don’t you get it< 540 purchase price ;,4 years later into it for 670 , now worth 740, sell – re fees 20.000, what have you made $$$$ not , go another 4 years you are < huge $$$ you worked all those years for free , your investment, what are you talking about , whear I live the gutters can overflow forever, a shelter starts to rot when it's built, after that huge maintainance, oh ya factor that into your investment, do u think, your ritcher than you think!

#39 prairie person on 02.23.14 at 8:43 pm

http://patrickmurfin.blogspot.ca/2012/01/jaw-dropping-news-on-child-homelessness.html

10,660 homeless children reported in Chicago. Read this article about banks and homelessness. The improving economy in the US isn’t improving for many people.

#40 kothar on 02.23.14 at 8:44 pm

The past few days as I open the papers, I have been seeing huge spreads of all these realtors and awards being doled out. What’s that all about anyway???

#41 Relocated Aussie on 02.23.14 at 8:45 pm

After talking to numerous RE agents, I have come to the conclusion that they believe all the garbage that is mailed to them by the RE boards. Almost all say that the market is moving up and prices are rising. Reading reports from non RE affiliated publications says the exact opposite about market conditions and a decline in prices will begin this year and continue for a few more years. It would be nice if the general public saw this and began to back up on their expectations of rising prices. Talking to an agent about some houses that the owners had listed with insanely high prices and he only thought they should lower by 20K instead of the 100 k that would get them an offer. It is my hope that a lot of these agents reach a point where sales are so slow that they have to look for a real honest job that does not involve lying to people to get an inflated sales commission.

#42 Sebee on 02.23.14 at 8:45 pm

The fact they admitted double counting should give enough indication.

What everyone is that less than 3000 lines or less representing sales in an excel file is nothing complicated. One person should be able to ensure 100% accurate data and no duplicates before finishing morning coffee. The fact they have admitted to fudging and that they need a 24 page PDF to explain this should tell us all we need to know. Oh…and one more thing. Why not let us have the data? It’s a 100kb Excel file at best. We can handle it. Really.

#43 jan on 02.23.14 at 8:51 pm

#26 john mounfield on 02.23.14 at 7:21 pm
I read this blog daily and I am sickened by what I read about CREA consistently fudging the numbers so that realters can enjoy a healthy market and more sales. How can an industry as important as this be unregulated?

IT WILL PROBABLY TAKE BLOOD ON THE STREET BEFORE THIS RIGGED INDUSTRY CHANGES ITS WAYS !!!

#44 planet ponzi on 02.23.14 at 8:51 pm

If the young ones cant get meaningful jobs , then what happens to the value of your home?
Answer; It goes down .
Its all a massive Ponzi . No new money coming in at the bottom to support it …………Crash

#45 DocInWaitingRoom on 02.23.14 at 9:00 pm

I never trust media, commercial and governmental information until I read and ask around about it first. Inflation, CREA and other stats are easily adjusted to make sure they benefit the powerful and use the weak.

What is sad is many people usually thinking they are educated, some desperate or not, believe anything, including Dr Toiletpaper degree Naturopath herbal medicine touting immune therapy and condo resellers touting magical returns

#46 Tiger on 02.23.14 at 9:03 pm

Oh you house Horney, you are dun!
Very sad!
It is like they were lied to , some one once said wow you don’t trust any body,only persons on this planet I trust son 1 son 2 , and my bookkeeper, my notary, my mom

#47 Daisy Mae on 02.23.14 at 9:03 pm

#1 Rexx Rock: “Eventually housing debt will crush the Canadian consumer and when it happens STF.I think more than half of Canadians will work until they die because of bad pensions and no savings.Lets all sing Oh Canada!!!”

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

And I guess we can all thank the feds for getting this ball rolling by introducing 0/40 amortizations. CREA and the banks took it from there….and here we are!

#48 Daisy Mae on 02.23.14 at 9:07 pm

#5 Lawsuit: “Mr. Kay’s claims are libelous. I’d be very surprised if CREA didn’t sue.”

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

Says who?

#49 Paul at "No Pension Will Travel" on 02.23.14 at 9:13 pm

Looks like they’ll soon have upside-down mortgages Down Under: http://adelehorin.com.au/2014/02/24/older-australians-pile-on-housing-debt-at-what-risk/

#50 Smoking Man on 02.23.14 at 9:13 pm

#44 jan on 02.23.14 at 8:51 pm

#26 john mounfield on 02.23.14 at 7:21 pm
I read this blog daily and I am sickened by what I read about CREA consistently fudging the numbers so that realters can enjoy a healthy market and more sales. How can an industry as important as this be unregulated?

IT WILL PROBABLY TAKE BLOOD ON THE STREET BEFORE THIS RIGGED INDUSTRY CHANGES ITS WAYS !!!
……………………………….

If you have a Job I can most certainly within a 100% confidence tell you that sales that bring in crumbs for you lie, and do it alot…

It’s business. Get over it.
……………………………………

My new fav city in the entire USA is called searchlight in nevada. It’s what I thought Yuma would be like. Yuma is built up, its the drug capital of the USA, not talking weed. Oldies cross into mexico to buy cheap drugs and glasses. They have weekly drug runs bus loads of greys getting there fix.

Books done. For those of you lucky enough to know where my blog is at, pic of me finishing the last page.

#51 Tiger on 02.23.14 at 9:14 pm

# 3 bubble boy!
Who can you trust!
Only in god we trust , all other bets are off!
I would never join a church, but I do trust
my angels as well , re my last post!

#52 Shawn on 02.23.14 at 9:16 pm

AMERICAN REVIVAL

I am visiting just south of Tampa this week. Went to Branden Mall at noon today, Sunday. On one side of the Mall there was no parking left, people parked on the grass. It seems to indicate that the Florida economy is much improved and recovered.

And house prices are up a bunch.

Remember, doomers, when Garth said two to three years ago, “buy America”, and many of you said don’t do it

#53 DocInWaitingRoom on 02.23.14 at 9:16 pm

7.3% off or several thousand per year less for CREA
http://www.rosskay.com/november-national-solds-over-reported.html

For inflation
http://www.forbes.com/sites/perianneboring/2014/02/03/if-you-want-to-know-the-real-rate-of-inflation-dont-bother-with-the-cpi/
Shadowstats says 10 to 15% is real inflation
Beef 26% up in 5 years
Gas from 40 cents to 140 sure it’s 2%

#54 Bricklayer on 02.23.14 at 9:23 pm

I think what is even scarier is how little the masses question things like this or news in general. Kind of like politics. Just because it looks and sounds official its given way too much credit. Can we wake up fast enough to provoke th neccessary changes? Thanks Garth for being a leader.

#55 Daisy Mae on 02.23.14 at 9:24 pm

#12 Freedom First: “….are people of courage, as many countries in the world, now, and throughout history, severely punish the whistle blowers/purveyors of truth.”

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

Your post was perfect. Freedom First, you’re good.

#56 Aggregator on 02.23.14 at 9:34 pm

MLS# C2768981: Sold $429,500

Estimated eMicro condo futures contract maturity: Fall/Winter 2016

That's all you need to know about CREA and its members' "resale" statistics, as TD's Petramala would call it.

#57 Cow Man on 02.23.14 at 9:37 pm

Amigos:

The writing was on the wall for the “middle class” with the signing of the North American Free Trade Agreement. Thank Brian Mulroney for your lost jobs to Mexico. The Globe & Mail has an excellent article on Mexico surpassing Canada for # 2 Auto maker. $8 an hour wage rate for Mexican auto workers.

Trade barriers do not protect jobs. — Garth

#58 Daisy Mae on 02.23.14 at 9:37 pm

#26 john mounfield: “I read this blog daily and I am sickened by what I read about CREA consistently fudging the numbers so that realters can enjoy a healthy market and more sales. How can an industry as important as this be unregulated?”

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

I guess ’cause it serves a purpose…benefiting those it benefits.

#59 Infused with Opiates on 02.23.14 at 9:37 pm

What? Has nobody been lied to before?

#60 Dan from Richmond Hill on 02.23.14 at 9:48 pm

But how can jobs be protected today?

#61 Bob Rice on 02.23.14 at 9:49 pm

@# 6 –

The Cdn media is in the pocket of the Candian real estate industry and home builders… have you opened up a newspaper lately? 3/4 of it is adverts for homes/condos

#62 gtrz4peace on 02.23.14 at 10:03 pm

TO EVERYONE TALKING ABOUT “BLOATED CIVIL SERVANTS” – You are right wing frauds, the REASON your country will be in more and more trouble is because people like you insist on BREAKING the unions which BUILT the world’s middle class.

People like you are easily led to vote against your own interests as you are easily convinced that you are the 1% when in reality, most people on this blog likely have more in common with working people than with the 1%.

Rather disheartening to see the same tactics being applied here as in the US, as if Canadians learn nothing from history.

#63 Cici on 02.23.14 at 10:05 pm

#3 T.O. Bubble Boy

His angle might be that after years of up and downs in the industry, and having weathered all of the RE storms, he sees this one as the highest-risk bubble, causing enormous risk for both agents and clients.

Some RE agents do a great job and want to work in a somewhat regulated and reputable industry. If this market goes up in smoke, thousands of homeowners will lose equity and thousands more RE agents will lose work. Maybe he thinks it’s time to reign in the bubbly before it causes massive damage and discredits the profession in its entirety.

#64 Victor V on 02.23.14 at 10:06 pm

Have you noticed it’s getting really crowded downtown? So why is Adam Vaughan pushing for more?

http://www.thegridto.com/life/real-estate/adam-vaughan/

With his outspoken support of the proposed Mirvish-Gehry project at King and John, councillor Adam Vaughan has solidified his rep as Mr. Downtown Density. He claims he’s just a pragmatist trying to make the inevitable high-rise takeover a little less painful. But when does more, more, more become just too much?

#65 Cici on 02.23.14 at 10:09 pm

#5 Lawsuit

Really? And you don’t think CREA’s claims are at all libelous?
Usually when you make a claim, you have to have reputable and verifiable data and numbers to back it up.

#66 Cici on 02.23.14 at 10:14 pm

#10 Office of Resettlement, Hell

Funny!

#67 World According To Garth on 02.23.14 at 10:21 pm

You remember that when the govt says “sorry the taxes and fees will continue to rise” in order to pay for 600 billion in unfunded govt worker pensions.

—————————

#164 Buddah on 02.23.14 at 3:59 pm
Sorry,

World according to Farce..
only runner up Troll of the day for you…

Namaste.

#68 World According To Garth on 02.23.14 at 10:31 pm

As well as the fact most of the action plan was for govt (taxpayer funded) jobs NOT wealth creation jobs that grow the economy. Navy ships just steal wealth from taxpayers. How does that benefit the economy? Does getting your wallet stolen with money in it that is not insured so the thief can “spend your money” into the economy make the economy grow? Of course not. Stop believing all this useless govt worker BS about how they are “creating jobs”. It’s total crap. All govt workers do is steal LESS the 10% or so of front line workers like I used to be before I became a stay at home mom. Sorry cherry pickers, I hit you off at the pass this time.

————————-

#4 T.O. Bubble Boy on 02.23.14 at 6:03 pm
Meanwhile, the truth of the “Economic Action Plan” is coming out (i.e. that it was a sham built on HELOC-funded renovations):

#69 pinstripe on 02.23.14 at 10:55 pm

Ever hear of the Work-Life-Balance concept. It is coming sooner than later.

Employees would be offered a .8 (work) job. For every four employees a fifth would be able to have a .8 job too. This would provide the spare (balance) time for employees to enjoy their time off to travel, volunteer, attend concerts, socialize, study, etc. Employers would not be required to provide benefits as per a FTE, therefore the potential exists that more jobs could be offered. Governments would be able to claim that more people are working thus dropping the unemployment numbers.

People with these .8 jobs should be able to purchase the mini condos (250-350 sq ft) for a price of 350-450 grand. Interest rates will be kept low to support financing the mortgage. This would be a win situation for everyone. government, developer, banks, and purchaser.

#70 bigtown on 02.23.14 at 10:56 pm

It is so bizarre that people forget how great ONTARIO is and it seems the politicos at Queen’s Park believe that only Toronto will maintain Ontario as the wealthy province it ONCE WAS. It is time to face the truth about Ontario and its economic future is outside the GTA. We must look at Cornwall; Hamilton; Sarnia; Thunder Bay; and invest outside of the GTA in Windsor. Toronto will always be the greatest Ontario city but it no longer is able to function as the future of growth in Ontario. Remember Fort Erie when we go to the next election and the whole Niagara area.

#71 John in Mtl on 02.23.14 at 11:02 pm

Seen posted once in a US convenience store:

“In God We Trust, All Others Pay Cash”.

#72 Cici on 02.23.14 at 11:02 pm

#64 gtrz4peace

You hit the nail on the head! Well done :-)

#73 Republic_of_Western_Canada on 02.23.14 at 11:06 pm

#16 Finally on 02.23.14 at 7:01 pm

I pray for a correction soon, been waiting too long.

We just HAD a correction a couple of weeks ago.

Weren’t you paying attention, or do you need a candy-coated half-time show with fireworks, pom-poms, and 40-foot HD screen?

#74 Snowboid on 02.23.14 at 11:18 pm

#69 World According To Garth on 02.23.14 at 10:31 pm…

Suck it up!

#75 Republic_of_Western_Canada on 02.23.14 at 11:18 pm

#70 pinstripe on 02.23.14 at 10:55 pm

Ever hear of the Work-Life-Balance concept. It is coming sooner than later.

Employees would be offered a .8 (work) job. For every four employees a fifth would be able to have a .8 job too. This would provide the spare (balance) time for employees to enjoy their time off to travel, volunteer, attend concerts, socialize, study, etc. […]

People with these .8 jobs should be able to purchase the mini condos (250-350 sq ft) for a price of 350-450 grand. […]

First off, people had been pushing for fractional work weeks to get in touch with life since the 1960’s. Then came the post-revolution epoch of hyped consumerism that expected one and all to live knee-deep in consumer plastic crap. That grew on itself so much that now we have 1% of the population controlling some ungodly portion of resources and infrastructure.

Now we have fractional work alright, but the rest of the day is spent just trying to find the next gig and surviving in other ways.

Secondly, the point of work is not to get sucked into ‘buying’ a condo or any patch of turf. People are supposed to live (RENTING) in well-made, well-run apartment buildings. Not microsizing down to oblivion to desperately isolate from everyone else and support the construction and banking industries.

#76 YVR on 02.23.14 at 11:32 pm

@63: TO EVERYONE TALKING ABOUT “BLOATED CIVIL SERVANTS” – You are right wing frauds, the REASON your country will be in more and more trouble is because people like you insist on BREAKING the unions which BUILT the world’s middle class.
——————————————————

Sure unions contributed to building up the middle class 100s of years ago but one wonders if the concept has run its course in todays workplace. I personally know a lot of union and non union workers and generally it is the union workers who are unhappy with their jobs. Yes they all value their union to protect them, but the union enviornment also protects the lazy and incompetant person and seems to create a poor environment with management being the enemy.

Unions may have their place in the private sector but the right to strike for government unionized workers should be repealed. A monopoly should not have the right to strike because it holds the public hostage and the is no alternative private company that can step in to provide the service. That is why we have the ‘bloated civil servants’ that the rest of the population deplores at times and has to pay for. What cival servants need to understand is the taxpayer is the customer and if the customer is not happy then your job is in jeopardy. Maybe quit complaining about ‘right wing frauds’ and start making the customer happy. You might be able to keep that union job.

#77 high school drop out = realtor on 02.23.14 at 11:35 pm

CREA and there band of drop outs are a joke but good at conning and hording information . The government should force these scum. to release what should be public info and render CREA and their band of drop outs useless.

#78 sheane wallace on 02.23.14 at 11:38 pm

Trade barriers do not protect jobs. — Garth
……………………………….
Actually they do. The big beneficiaries of ‘open’ trade are corporations, not people.

Read P.C. Roberts about outsourcing, amazing ho nobody is talking about it.

Who do you think employs people? — Garth

#79 The Prophet Elijah on 02.23.14 at 11:40 pm

Looks like Calgary RE market forming a double top on the chart:

http://www.housepriceindex.ca/Default.aspx

Feel sorry for all those getting in at the top, when the collapse comes it will be more horrific as more weak hands that really shouldn’t be buying are doing just that.

#80 Republic_of_Western_Canada on 02.23.14 at 11:46 pm

#63 gtrz4peace on 02.23.14 at 10:03 pm

TO EVERYONE TALKING ABOUT “BLOATED CIVIL SERVANTS” – You are right wing frauds, the REASON your country will be in more and more trouble is because people like you insist on BREAKING the unions which BUILT the world’s middle class.

The unions were just as bad as the owners with the unions own kind of restrictive, oppressive structure and code. From making it tough to get into the union, to blackballing anyone who went above and beyond the ‘work to order’ minimum or thought up a way to make things quicker & more efficient, to generally perpetuating mediocrity and stupidity by snuffing out creativity and intelligent thought by the worker.

BOTH the brain-dead profit-taking and lack of investment and deliberately oppressive policies of short-sighted company OWNERS and upper mgt, and the overpriced brain-dead inefficiency of the UNIONS are what chased jobs offshore. And then enabled both the bleeding-heart liberals and the capitalists to allow excessive immigration which buggered up skilled employment of the middle class even more.

Separate from union concerns, the bloated civil service is certainly a self-perpetuating make-work project. But mostly in remote regions like southern Ontario and the lower mainland which don’t really have any serious industry anymore to properly employ people.

Because the real jobs all got chased away to places where things get done quicker and cheaper.

#81 Victor V on 02.24.14 at 12:09 am

http://www.theglobeandmail.com/news/toronto/john-tory-officially-joining-torontos-mayoral-race-monday/article17061352/

John Tory will end months of speculation Monday by declaring his candidacy for Toronto mayor, promoting low taxes and a downtown relief subway in a bid to unseat Rob Ford.

Mr. Tory, a radio personality and former leader of the Ontario Progressive Conservative Party, has been rumoured for months to be considering running. On Monday, he will formally register for the October election. Former TTC chair Karen Stintz is also signing up as a mayoral candidate Monday morning.

#82 Conservative of the wealthy on 02.24.14 at 12:34 am

Republic_of_Western_Canada #81

I so happy the propaganda machine has brainwashed you to hate unions which is the only reason why we have a middle class. Don’t worry we conservatives will destroy the middle class and turn all you working suckers into slaves earning just enough to live and even that is to much money. In Mexico people earn non-union wages and you can see Mexico is a dream land for the wealthy. Don’t worry Republic_of_Western_Canada we will make sure you suffer in poverty forever and be thankful about it. Thank you conservative media you have done a great job at brainwashing these working class suckers. LOL I can laugh in your face and tell you the truth and yet you will not be smart enough even know it. LOL I am laughing in your face right now.

#83 Kevin on 02.24.14 at 12:57 am

I am glad you also show all the inconsistencies and false numbers of the US Real Estate Markets as well. We all know their numbers are fictitious. Keep up the great work! err just can’t remember the last time you exposed this….ever. Would you be so kind to share a link with everyone so they can go back and see . Thanks

#84 Freedom First on 02.24.14 at 1:11 am

Daisy Mae.

Thank you.

#85 Happity on 02.24.14 at 1:28 am

Inflation (food) in the world is getting worse, more countries are having riots than ever before, but, it’s different here, USA is having an economic renaissance ….

South Africa
Haiti
Argentina
Egypt
Tunisia
Brazil
Turkey
Colombia
Libya
Sweden (yes, Sweden)
India
China
Bulgaria
Chile
Syria
Thailand
Bangladesh
Bahrain
Ukraine
Venezuela
Bosnia

#86 Blacksheep on 02.24.14 at 2:32 am

“Trade barriers do not protect jobs. — Garth”
“Who do you think employs people? — Garth”
——————————————–
Those ones are pretty funny Garth, but this ones my fave:

“Tax breaks allow Corporations to employ more people.”

Sir James Goldsmith calls bullshit on GATT / WTO with Charlie Rose.

http://www.youtube.com/watch?v=IO0wwD9dwK4
http://www.youtube.com/watch?v=SZTzPmn-87w

He predicted the negative consequences accurately in 1994, but nobody listened. It’s amazing these idiots thought this was sustainable (or did they?). It’s just taken 20 years for the chickens to really come home to roost.

Now were getting the TPP.

I’m sure everything is going be….juuust fine.

(PS: I’ve owned a corp. for 23 yrs)

#87 I know nothing on 02.24.14 at 2:48 am

Im surprised that a response to a challenge about their calculations includes such stupid statement like “a fraction of a fraction…” A fraction of a fraction is still a fraction. They clearly are not great with numbers!!!!

#88 Fortune500 on 02.24.14 at 3:17 am

Sure, Ross Kay might have an angle here and be moving in to a new career, but if he has the proof, then fair game. I wish him luck.

It has been extremely frustrating to be left with only MLS.ca, etc. for information. We have desperately needed a Zillow equivalent for years. The generations before might have been trusting and content with spoon-fed information, but I can tell you that we are not.

Sorry, don’t trust it if I can’t go through the fine print myself. Especially not government-linked or funded information. If there is nothing to hide, then there should be nothing wrong with making this information available.

I say good riddance to organized real estate. The sooner we can see the back of CREA the better. We should have free market competition, not monopolies that only benefit a few. Hopefully this is the start of something …

#89 mark on 02.24.14 at 3:24 am

Australian media starts getting excited about Canada’s turned away HAM.

http://www.theage.com.au/business/china/shunned-chinese-buyers-to-turn-from-canada-to-australia-20140224-33ca8.html

#90 Paul on 02.24.14 at 7:40 am

#78 high school drop out = realtor on 02.23.14 at 11:35 pm

CREA and there band of drop outs are a joke but good at conning and hording information . The government should force these scum. to release what should be public info and render CREA and their band of drop outs useless.
———————————————————–
Spoken like a bitter reanter

#91 Bob Rice on 02.24.14 at 8:07 am

Canadian economy may be doing better than what Garth states…

http://business.financialpost.com/2014/02/23/canadian-economic-growth-likely-best-it-has-been-in-years/

#92 Steven on 02.24.14 at 8:15 am

Let me guess big drops in sales and big price increases.
Paying canadian workers insignificant rates of pay and then turning around and making them pay a kings ransom for any kind of roof over their heads is not going to work for very long and will be counterproductive. It will make the 25 point plan put forward by the NSDAP look very, very good indeed.

#93 TurnerNation on 02.24.14 at 8:23 am

From a frequent flyer board, F spotted and up close in an AC lounge in Ottawa:

http://www.flyertalk.com/forum/air-canada-aeroplan/16999-canadian-celebrity-sightings-69.html

(Shine your shoes, Sir? ;-) )

#94 maxx on 02.24.14 at 8:39 am

“CREA……..did say all criticism is “completely unfounded” with the critics being “uninformed” and “wrong.” Methinks they might protest too much.”

Methinks the protesting operates on two major fronts: the first, about being exposed and the second, about the public at large obtaining true sales stats and seeing that values are sliding every day.

Buyers in increasing numbers will put off buying RE until they are convinced that values are realistic and stable. We are nowhere near that time.

Sliding values is overwhelmingly the larger fear.
Pricing “power” will be overwritten by the quest to pay off debt, save wealth for the future and also, compensate for a global economy which is not job-generous and trending more so in this direction- and certainly not quality jobs which underpin a healthy real economy.

Many of the greedy who waited and/or refused to sell are in for a much longer wait, if they sell at all, and melting yield.

Two comments upon visiting RE recently:

“Low-ball with confidence”; and

“They refused 3 offers and have now wasted all of their chances to sell. The market is going down.”

Helps to have friends in the business.
Truth always comes out.

#95 Penny Henny on 02.24.14 at 9:58 am

Is this the same Ross Kay who had statistically proven the the GTA housing market reached it’s price peak last May.
Whatever.

I believe he said volumes had peaked. Check the data. — Garth

#96 Eatin' Bonbons on 02.24.14 at 9:59 am

Only one thing I don’t get… If all this manipulation of data is so real and obvious, why hasn’t Mr. Kay or anyone else gone to W5 or Marketplace for them to look into it. They have done shows on sneaky car salesmen, sneaky mechanics etc. It seems sneaky realtors or real estate boards would be right up a similar alley – with a potential for unearthing some serious info and definitely bringing the issue somewhat closer to the mainstream. I mean if it is so important to him and it is all so obvious (albeit with a lot of numbers research) – then I would think that would be a viable route to get the word out to the public. Has this avenue been attempted? I think it could be a good way to get the word out…

#97 T.O. Bubble Boy on 02.24.14 at 10:17 am

@ #15 Freedom First on 02.23.14 at 6:54 pm
#3 T.O. Bubble Boy

Yes, attack the messenger TOBB. You are another person who can not comprehend that there is people who expose the truth because they stand for the truth, and you do not understand some people are just this way, but you are not one of them.
—————————————-

You must have missed my last 5 years of posting on this blog (and my “bubble” handle). I believe Ross Kay’s data over the CREA data any day… I’m just wondering why he’d get into a battle with a giant monopoly who provides him with the RE license.

In other words: I believe in his cause, but I’m assuming that he gets kicked out of the secret CREA club for doing the right thing.

(you know, like Garth and the CPC)

#98 Steve French on 02.24.14 at 10:21 am

“I awoke in a newly renovated room at the Flamingo in Vegas to a faint raspy voice that was shouting “Smokey, hey Smokey, Whazz up Smokey?….”

thats a good start!

#99 Herb on 02.24.14 at 10:53 am

#97 Eatin’ Bonbons,

the media and the Government can’t afford to let the word get out to the masses! The operation of the Finance-Insurance-Real Estate Moloch would grind to a shuddering halt, and so would the economy. Think of it: RE would cease to be a “wealth builder”, homes would no longer function as ATMs, homeowner spending would be reduced to earned incomes, “salespersons” (hate that term, but it’s realistic), brokers and support staff would suffer major income losses, banks and insurance companies would have a lot less business, advertising revenue in all media would decline, there’d be no new money coming in to keep the ponzi going, and there would be no reason to build and renovate, wiping out another major part of our economy.

The Government could have prevented this bubble entirely or could deflate it with a stroke of the pen. Not a vote-getter, in fact a vote-loser, therefore unthinkable. So it’s left to outsiders like Garth or Ross Kay to let the word seep out and, hopefully, make for a slow deflation and softer landing.

#100 Stickler on 02.24.14 at 11:13 am

@ #23 Waterloo Resident on 02.23.14 at 7:10 pm

When the boomers finally decide it is time to sell and retire to the good life in the sunny south, there won’t be the numbers of young people out there able to afford to pay the kind of money the boomers are expecting.

——————————

And they will still want ever improving world class health care, and increasing benefits.

Guess what? They will get it at the expense of the next generation.

You mean the one living in their basement? — Garth

#101 Stickler on 02.24.14 at 11:29 am

@ #63 gtrz4peace on 02.23.14 at 10:03 pm

TO EVERYONE TALKING ABOUT “BLOATED CIVIL SERVANTS” – You are right wing frauds, the REASON your country will be in more and more trouble is because people like you insist on BREAKING the unions which BUILT the world’s middle class.

People like you are easily led to vote against your own interests as you are easily convinced that you are the 1% when in reality, most people on this blog likely have more in common with working people than with the 1%.

Rather disheartening to see the same tactics being applied here as in the US, as if Canadians learn nothing from history.

————————————–

Some people think the public sector is bloated, and over compensated.

Some of those same people think that the public sector should be reduced, and renegotiated to match the new normal we are living in…not destroy them.

If you are serious you can compare salaries AND benefits between the sectors.

Many public sector workers are way above typical “working people” as you say.

Things are not so black or white.

#102 Stickler on 02.24.14 at 11:37 am

Trade barriers do not protect jobs. — Garth

>>>What!

So if a trade barrier was applied to dairy, stating that all imported dairy products be hit with massive duty, and very high quality standards -> that would not protect jobs in the Canadian dairy industry?

#103 Stickler on 02.24.14 at 11:39 am

@ #101 Stickler on 02.24.14 at 11:13 am

@ #23 Waterloo Resident on 02.23.14 at 7:10 pm

When the boomers finally decide it is time to sell and retire to the good life in the sunny south, there won’t be the numbers of young people out there able to afford to pay the kind of money the boomers are expecting.

——————————

And they will still want ever improving world class health care, and increasing benefits.

Guess what? They will get it at the expense of the next generation.

You mean the one living in their basement? — Garth

——————————–

Exactly -> otherwise known as a lower standard of living. Coming soon to all developed countries.

#104 John Prine on 02.24.14 at 11:43 am

3 Cici on 02.23.14 at 11:02 pm
#63 gtrz4peace

You hit the nail on the head! Well done :-)
______________________________________________

Well stated, no middle class, no economy. The only parties that benefit from low wages and millions with no pensions are banks and multi national corporations shareholders.

#105 Buy? Curious? on 02.24.14 at 11:52 am

I’m busy having breakfast so I don’t have time to write ANOTHER critique of Toronto, aka, Canadada. Instead, here a nice little video about inequality in the ‘Merica.

http://www.upworthy.com/a-senator-asks-a-panel-of-experts-to-defend-walmart-it-gets-awkward?c=upw1

Rob Ford in 2014! I love you! Don’t change.

#106 John Prine on 02.24.14 at 11:56 am

#97 Eatin’ Bonbons on 02.24.14 at 9:59 am
Only one thing I don’t get… If all this manipulation of data is so real and obvious, why hasn’t Mr. Kay or anyone else gone to W5 or Marketplace for them to look into it. They have done shows on sneaky car salesmen, sneaky mechanics etc.
********************************************
Very good point, is the evidence so nebulous that they are hard to pin? Maybe the advertising money is so lucrative that networks are reluctant …

#107 shawn on 02.24.14 at 12:04 pm

Free Trade is Good

Stickler asks:

So if a trade barrier was applied to dairy, stating that all imported dairy products be hit with massive duty, and very high quality standards -> that would not protect jobs in the Canadian dairy industry?

************************************
of course, that would protect dairy jobs at the expense of higher prices and a lower standard of living for all other Canadians. Actually, we have dairy trade barriers, and expensive milk now.

If you really think free trade is bad, go to the extreme and live off grid and grow your own food and make your own cloths. Good luck living in the zeroth century or earlier.

#108 Buy? Curious? on 02.24.14 at 12:10 pm

Whoa Garth! I just spat out my coffee as the idea came to my head. Why don’t we get CREA to sue Robin to your Batman, Ross Kay. Then he’ll have CREA under oath to explain their numbers. I knew those hours of watching Law and Order would pay off.

http://www.youtube.com/watch?v=5j2F4VcBmeo

#109 Peter Winston on 02.24.14 at 12:16 pm

>>TREB largely use average [sic] numbers when reporting prices, rather than more accurate median figures

The word you are looking for is ‘mean’. The word ‘average’ can mean either the mean, the median or the mode.

#110 Victor V on 02.24.14 at 12:36 pm

http://www.thestar.com/news/canada/2014/02/24/university_education_pays_off_new_report_finds.html

University grads earn more over their lifetime, the report stated; over 40 years, a university graduate earns an average $915,840 more than a college graduate and $1.4 million more than a high school graduate.

“We’re not trying to be polarizing; colleges and universities have different visions and more and more students go from one to another,” argued Blouw, “but we want to bring evidence to the table that a university education does prepare students quite well.”

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

Now, all the educated tax farm slaves on this pathetic blog can pat themselves on the back :)

#111 airhead princess on 02.24.14 at 12:38 pm

Obviously we can’t believe the media either.

http://business.financialpost.com/2014/02/24/canadian-snowbirds-dream-of-u-s-vacation-home-fading-fast/

In Mr Meat Puppet Poloz’ zeal to quash Canadians hopes of leaving the country in winter…( by crushing the dollar arbitrarily with false talk and witty sarcasms)…he also hopes to place false information through his publicist further talking down Canadians buying foreign properties.

The idea that the property market is getting beyond Canadian buyers ( and that they’d better stop looking) is ludicrous…..You can buy a great beachfront condo in Southern Alabama, Gulf Coast Florida , the Carolina’s, South Texas and Georgia for under $150,000 and there’s plenty on the market.

#112 BCD (D for "dig it") on 02.24.14 at 12:38 pm

@#8
This market seems to be defying logic and I wish I knew what it will take to finally cool it off.
____________________________________
If we take a quick look back at the history of the earth we can find some answers to your question. Dinosaurs became extinct when a meteor hit the earth several million years ago causing a large scale “cooling off” of the climate and a subsequent dying off of dinosaur species around the globe. I think in the case of real estate prices a similar event would have similar consequences. Example: If a meteor hits the earth in North Vancouver the real estate prices are likely to fall worldwide.

#113 Stickler on 02.24.14 at 12:38 pm

Just remember, on the internet:

– if you think the public sector is too big, and over compensated

-> that means you hate the middle class, and want 3rd world wages and standards in Canada.

Lets get simple here…
In reality every $ spent on public servants comes from the private sector. If it is spent wisely then the country prospers, if it is not then the country suffers.

If the country spends more then it takes in from the private sector then that results in debt.

When a country goes into debt, that costs money. You are “over spending” now (and paying more to do so), with the idea that you will “under spend” in the future.

So where is the extra $ going to come from in the future so you can “under spend” and still keep the same (or better) level of services?

or

How about just give the next generation less in the form of services & benefits.

Personally I think all teachers should drive Lambos. In fact tax payers should pay for them.

How? lets have our children forgo their summer vacation and instead make licenses plates. The teachers could supervise them…and we could pay them even more money for doing so.

I think under this scenario we all win.

#114 Victor V on 02.24.14 at 12:41 pm

7 pieces of advice for the patient investor: Mayers

http://www.thestar.com/business/personal_finance/investing/2014/02/23/patient_investors_win_the_race_here_are_7_ways_to_do_it.html

One volume that deserves a place on the shelf has the unsexy title of Stocks for the Long Run.The book is written by Jeremy Siegel, a finance professor at the University of Pennsylvania’s Wharton School of Business and was first published 20 years ago.

The fifth edition (McGraw Hill, $41.95) came out recently — while you can find earlier editions online free, the latest incorporates the market crash of 2008 and 2009, the worst since the Great Depression and a section on emerging markets such as China and India. Among its many endorsements is one from Cramer, while The Washington Post calls the book one of the 10 best investment books of all time.

Siegel argues that the stock market is the best place to put your money despite its risk, volatility and unpredictability. He reviewed 200 years of data and found that U.S. shares have returned 6.5 per cent to 7.5 per cent a year, after inflation, throughout that period. Within that there are huge fluctuations — like the 2008 crash — so the longer your horizon the better.

#115 calgaryPhantom on 02.24.14 at 1:04 pm

“The goal of the nonprofessional should not be to pick winners,” Buffett wrote. “The ‘know-nothing’ investor who both diversifies and keeps his costs minimal is virtually certain to get satisfactory results.”
— Warren Buffet

This is one paragraph out of his newsletter to investors. Garth, looks like you have a new blog dog.

#116 Silver on 02.24.14 at 1:06 pm

Every sale is listed at actual sale value and with a real title transfer at Land Titles… period. No fakes possible

Why is the CREA even invovled in this…

the information exists in Legal form here…

Why does government even use the CREA stats…
They have the truth already…

Oh right… the truth would damage the economy if the truth were known.

Silver

#117 april on 02.24.14 at 1:09 pm

#92 What are you implying. Garth checks his facts and besides has no reason to lie. Don’t believe everything you read in newspapers.

#118 Raven on 02.24.14 at 1:38 pm

Wage Price Disparity

Its not how much you make per hour that’s important but how much things cost that is really more important!
We should all be fighting for lower average R.E. prices.

The more expensive our basic necessities become ( i.e. Real Estate) the more uncompetitive we become internationally at selling what we produce.

If average wages make it difficult to maintain the lifestyles to which we have become accustomed, with R.E. rising 10% annually. As our largest lifetime purchase, R.E. inexorable climbs then wage pressure growth will force businesses to relocate to cheaper wage and R.E. jurisdictions. Such as the bible belt in the U.S. is now experiencing.

This price to wage disparity will result in job losses that translate into slower growth, layoffs, and then the whole R.E. bubble, looking for a pin, will explode.

We have been given a reprieve from the slowdown that began last spring and stopped last fall when rates were about to increase. This is probably only a 6 month growth spurt and should begin it’s downward trajectory this spring.

Greed made Canadians buy more R.E. when int. rates were about to rise and fear will force them to try to dump their “investments” when their is a hint that prices are falling.

” Ignorance is no excuse, it’s the real thing”

#119 broadway skytrain on 02.24.14 at 1:42 pm

go go go s&p to record terr.

mr. g continues to be right on this call, no 2008 again, it seems.

having a leaside house -and- equity funds within a balanced mix was the winning combo for the past year.

now if this white crap would stop falling in vancouver we could resume our outdoor lives.

#120 Stickler on 02.24.14 at 1:46 pm

@ #108 shawn on 02.24.14 at 12:04 pm

Free Trade is Good

Stickler asks:

So if a trade barrier was applied to dairy, stating that all imported dairy products be hit with massive duty, and very high quality standards -> that would not protect jobs in the Canadian dairy industry?

************************************
of course, that would protect dairy jobs at the expense of higher prices and a lower standard of living for all other Canadians. Actually, we have dairy trade barriers, and expensive milk now.

If you really think free trade is bad, go to the extreme and live off grid and grow your own food and make your own cloths. Good luck living in the zeroth century or earlier.

——————————–

Shawn, you always do that. Take someone’s comment, run it through your ShawnlovesBuffet5000 and come up with a response to something that was never said in the first place.

I scoffed at the notion that trade barriers do not protect jobs. Then gave a simple example where they would.

I never said I was against trade, nor that I want to make my own clothes.

#121 Son of Ponzi on 02.24.14 at 1:53 pm

#99
there have been suspicions that whazzup is Smoking Man.
Or was it the other way around?

#122 Smoking Man on 02.24.14 at 1:57 pm

#111 Victor V on 02.24.14 at 12:36 pm

http://www.thestar.com/news/canada/2014/02/24/university_education_pays_off_new_report_finds.html

University grads earn more over their lifetime, the report stated; over 40 years, a university graduate earns an average $915,840 more than a college graduate and $1.4 million more than a high school graduate.

“We’re not trying to be polarizing; colleges and universities have different visions and more and more students go from one to another,” argued Blouw, “but we want to bring evidence to the table that a university education does prepare students quite well.”

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

Now, all the educated tax farm slaves on this pathetic blog can pat themselves on the back :)
…………….

Previously in another life time that story is correct, going forward, it’s a different story, I also made note of the fact that the cost of schooling has shot up 40% in the last 4 years.

Looks like a bubble to me, and when you consider info is now free on line.

A major crash is coming in the industrial education complex.

#123 Chickenlittle on 02.24.14 at 2:03 pm

#81 Republic of WC:

“The unions were just as bad as the owners with the unions own kind of restrictive, oppressive structure and code. From making it tough to get into the union, to blackballing anyone who went above and beyond the ‘work to order’ minimum or thought up a way to make things quicker & more efficient, to generally perpetuating mediocrity and stupidity by snuffing out creativity and intelligent thought by the worker.”

That sounds like the school system! Don’t look ahead, do only what you are told, and do it MY way only. Just read John Taylor Gatto…he will tell you!

Unions work if you’re burnt out and need to slack off for a while, but given time the average person isn’t going to want to be a monkey forever.

Most of us have an independent streak so it would only work for so long.

#124 X on 02.24.14 at 2:03 pm

If the majority of Canadians have the majority of their net worth in RE, why has the gov’t done anything to oversee or regulate it? Wouldn’t that be in the best interests of Canadians?

I mean, it would be great to know that the actual numbers being released are not falsified in a RE boards self interest, and that these boards are to be held accountable for any self promoting information, that misleads the public.

#125 Pete on 02.24.14 at 2:08 pm

Free Trade is Good

Stickler asks:

So if a trade barrier was applied to dairy, stating that all imported dairy products be hit with massive duty, and very high quality standards -> that would not protect jobs in the Canadian dairy industry?

************************************
of course, that would protect dairy jobs at the expense of higher prices and a lower standard of living for all other Canadians. Actually, we have dairy trade barriers, and expensive milk now.

If you really think free trade is bad, go to the extreme and live off grid and grow your own food and make your own cloths. Good luck living in the zeroth century or earlier.
————-

Not to mention the retaliation that would occur from trading partners which would cost us jobs. Protectionists always present only one side of the story, as though there are no other consequences to raising barriers, apart from the immediate “protection” of jobs in the protected industry….

#126 Pete on 02.24.14 at 2:18 pm

Ross Kay has an important message, but his writing is so poor that it undermines his credibility. He could really use a good editor…

#127 airhead princess on 02.24.14 at 2:37 pm

#103 Stickler on 02.24.14 at 11:37 am

Trade barriers do not protect jobs. — Garth

>>>What!

So if a trade barrier was applied to dairy, stating that all imported dairy products be hit with massive duty, and very high quality standards -> that would not protect jobs in the Canadian dairy industry?

No….the higher the cost of the product…the fewer the sales…resulting in high prices….fewer jobs…due to lower sales overall. What you end up with in monopolies is exactly what we have now in the dairy industry….high prices….companies moving overseas ( like Saputo recently has done and Canada Bread being sold to BIMBO Mexico) ) ….no local expansion in regional markets due to entrenched elitist marketing boards …..and an industry in its swan song phase trying to protect a few dying union jobs while everyone local else suffers with artificially high prices….and no new jobs being created except in the civil service which enforces arcane regulations against free enterpriser’s in the farming business.

What you have suggested is exactly why industry has left Canada and there are no jobs to be had outside the civil service.

#128 Old Man on 02.24.14 at 3:03 pm

The above photo caption gives me an idea to get some revenge on a few deadbeats. My target date shall be April 1, 2014 to stage some chaos upon my enemies living in peace. There will be peace no more as in the dead of night will post my lawn signs for all to see in the morning while the neighbours are driving by going to work. Yes, the balloons are a must and are sold down the street as a great eye catcher – this will be so much fun, as revenge will be mine.

#129 Herb on 02.24.14 at 3:26 pm

Airhead Princess,

I like he way you justify your claim to be the Princess of Airheads with your every comment.

#130 Qw on 02.24.14 at 3:31 pm

#113 BCD (D for “dig it”) on 02.24.14 at 12:38 pm
@#8
This market seems to be defying logic and I wish I knew what it will take to finally cool it off.
____________________________________
If we take a quick look back at the history of the earth we can find some answers to your question. Dinosaurs became extinct when a meteor hit the earth several million years ago causing a large scale “cooling off” of the climate and a subsequent dying off of dinosaur species around the globe. I think in the case of real estate prices a similar event would have similar consequences. Example: If a meteor hits the earth in North Vancouver the real estate prices are likely to fall worldwide.

Or if the immigration policy changes the West Vancouver prices will drop

But let’s not worry, these are all SF scenarios

#131 Son of Ponzi on 02.24.14 at 3:33 pm

#114
personally, I think all teachers should drive Lambos.
——————-
All Lambos are reserved for HAM kids, racing it other on # 3 road in Richmond at 30 kmh.

#132 Son of Ponzi on 02.24.14 at 3:42 pm

Ross Kay has an important message, but his writing is so poor that it undermines his credibility. He could really use a good editor…
——————–
Maybe, Ross Kay is Smoking Man.

#133 Son of Ponzi on 02.24.14 at 3:51 pm

#128
Free entreprisers in the farming industry.
—————-
Who would they be?
Dairy farmers selling raw milk.
Chicken farmers feeding chickens steroids until they have breasts the size of (input name of your favorite sex symbol here).

#134 Smoke This Man on 02.24.14 at 4:00 pm

#123 Smoking Man on 02.24.14 at 1:57 pm
#111 Victor V on 02.24.14 at 12:36 pm
http://www.thestar.com/news/canada/2014/02/24/university_education_pays_off_new_report_finds.html
University grads earn more over their lifetime, the report stated; over 40 years, a university graduate earns an average $915,840 more than a college graduate and $1.4 million more than a high school graduate.
“We’re not trying to be polarizing; colleges and universities have different visions and more and more students go from one to another,” argued Blouw, “but we want to bring evidence to the table that a university education does prepare students quite well.”
=========================
Now, all the educated tax farm slaves on this pathetic blog can pat themselves on the back :)
Previously in another life time that story is correct, going forward, it’s a different story, I also made note of the fact that the cost of schooling has shot up 40% in the last 4 years.
Looks like a bubble to me, and when you consider info is now free on line.
A major crash is coming in the industrial education complex.

____________________________________________

OK Smoking Dope, let me know the next time someone asks for a copy of your credentials and you show them your University of Smoking Dope Degree from Google!
That is the lamest thing I have heard, “its free online” Try that the out everyone, next time you apply for a position at General Dynamics in the Rocket Propulsion Division. Show em your free education. “I found out through Smoking Man” I don’t care if you’re self employed or work for the tax farm as a slave, your education needs a standard by which it is measured, a benchmark! Otherwise my friend you will be seeing a doctor with a degree from The University of Bangalore online provided by Google. Perhaps that was your problem. By the way I am not a teacher or could care less about the education system but buddy what is your problem with teachers and education? Did you eat a lot of lead paint when you were young? Get over the education thing already.

#135 Kanata SUCKS on 02.24.14 at 4:18 pm

Question: why is everything so DAMN expensive

Answer: someone is STEALING and yet it’s LEGAL

Conclusion: Kanata SUCKS

#136 saskatoon on 02.24.14 at 4:28 pm

#128 airhead princess

“No….the higher the cost of the product…the fewer the sales…resulting in high prices….fewer jobs…due to lower sales overall.”

Normally, I agree with much of what you have to say…however, this is highly illogical.

Additionally, your examples (saputo, canada bread) have happened AS A RESULT of international reciprocity agreements.

#137 Aggregator on 02.24.14 at 4:30 pm

#117 Silver

Why does government even use the CREA stats…

The government, CMHC, StatsCan and the Bank of Canada do not use CREA's data as official statistics.

#138 Peter on 02.24.14 at 4:34 pm

Ross Kay has an important message, but his writing is so poor that it undermines his credibility. He could really use a good editor…
——————–
Maybe, Ross Kay is Smoking Man.
————
I think Smoking Man is well beyond any help that an editor could provide…

#139 airhead princess on 02.24.14 at 4:36 pm

“133 Son of Ponzi on 02.24.14 at 3:51 pm

#128
Free entreprisers in the farming industry.
—————-
Who would they be?
Dairy farmers selling raw milk.
Chicken farmers feeding chickens steroids until they have breasts the size of (input name of your favorite sex symbol here).”

The alternative to free enterprise in farming is what we have now….self interested civil servants making $350,000 a year protecting monopolies who haven’t a clue that $5 dollars for a gallon of milk is too much for the average working family. The elite civil servants have money to burn and don’t feel the pinch of socialist monopolies that support only the elites. I pay $1.29 for a gallon of milk in Texas. T-Bone steaks ( platter size) are $4. Who is benefiting from the elite monopolies in Canada? It certainly isn’t the 85% who aren’t getting the lavish civil servant salaries. I must be an airhead not to ‘get’ the logic of the Canadian elite unions and the cadre of self serving-self interested civic servants supported by the liberal left.

Call me stupid…..but is there more money in my pocket to spend on other things if I’m not supporting agriculture monopolies? Why is everything cheaper in regions of North America where liberals aren’t in power?

#140 pinstripe on 02.24.14 at 4:37 pm

Unions have a positive role to play in society.

Employers will get the Union they most deserve.

The Federal and Provincial government policy makers are the worst example of a Good Employer. They reward Non Performance and Punish Good/Excellent Performance.

#141 jess on 02.24.14 at 4:41 pm

What do unions have to do with all the “mis selling” of financial products or tax shelters that have nothing to do with economic substance? e.g.

STARS -Structured Trust Advantaged Repackaged Securities from 2002- 2007

see – Salem Financial, Inc versus United States

#142 pinstripe on 02.24.14 at 4:44 pm

#131 Son of Ponzi

Who would they be?
Dairy farmers selling raw milk.
Chicken farmers feeding chickens steroids until they have breasts the size of (input name of your favorite sex symbol here).

———————————————————-

the family farm does not exist anymore. No more quality vs quantity products.

Farming is a corporate business and they are in the business to make money. Quantity superscedes quality.

In feedlot systems, the pounds/day gain in weight is closely monitored. Technology is up to date to make this happen.

crop systems, technology is applied to get the most product/ acre. Organic labelling is Marketing.

#143 Steven on 02.24.14 at 4:47 pm

Kanata Sucks have you ever heard of the term hydralic despotism? It refers to a situation like what occurred in ancient egypt or mesopotamia where if one could gain control over a vital resourse like water you could call the shots in society. In the devils dominion of Canada it is not water; it is pay rates and the price of real estate.
If you can keep one down you can create the illusion of no inflation thus keeping interst rates on the national debt low. With the other if you have a rising price you can keep voting home owners happy, bankers happy and advance the globalist agenda of population reduction and white genocide by making sure that nobody could afford to get married , buy a home and start a family.
Unless of course they were rich to start with or had a job that paid extraordinarily well like doctors lawyers , cops ,soldiers, members of parliment in other words the respected specialists in society. Everyone else gets a crappy deal or are priced out altogether. As I have said in an earlier comment the 25 point plan of the NSDAP or parts of it start to look pretty good. This screwing over of society by the elites and their allies has happened before and it always provokes a political reaction.
This time around is unlikely to be an exception.

#144 BCD (D for Doomer) on 02.24.14 at 4:52 pm

@128 Airhead Princess

You say civil servants are the only jobs available in Canada? What about the occupation “Internet Troll”. You seem to be making a career of it.
You think that being a .85%er you’d be busy making money or something. . .but your reality is probably a lot closer to “Trailer Park Boys” season one then .85%er. Except in your trailer you are piggybacking on the neighbors free wifi and using a stolen tablet to post on this blog. Seriously, do something useful and write a post about the best canned cat food you’ve eaten and what brands have the biggest meat chunks.

#145 Aggregator on 02.24.14 at 4:54 pm

Asian trade boosts Vancouver’s cargo tonnage to record

Port Metro Vancouver handled a record 135 million tonnes of cargo last year amid bustling trade with Asia, and the 2014 forecast calls for another strong showing.

Canada’s largest port said Monday that tonnage last year rose 9 per cent from the 123.9 million tonnes processed in 2012.

Better keep an eye on those cargo ships because if what's happening there is similar to what Japan is facing, then you better believe there are more immigrants coming into Van then then the government is reporting.

#146 Stickler on 02.24.14 at 5:03 pm

@ #126 Pete on 02.24.14 at 2:08 pm

You have been using Shawn’s ShawlovesBuffet5000 haven’t you?

“Not to mention the retaliation that would occur from trading partners which would cost us jobs. ”

>>>So are you referring to the Florida dairy lobby that is taking the Canadian dairy farmers to court? I hear they are responsible for 1000’s of lost Canadian dairy jobs just this week alone!

Lets push Canada to allow steroids and rBGH into the Canadian milk supply! It will lower the cost of milk for all! And its good for the children!

Now that’s tasty!

“Though in Canada, dairy farmers are not allowed to use RBGh on their animals, in recent years the Canadian government has slowly begun to change Canadian dairy regulations (in the face of pressures from GATT and NAFTA agreements), allowing American dairy products freer access to Canada’s markets (including those from cows treated with RBGh). ”

Woo hoo cheaper milk!

So because this is the internet, and you openly stated you don’t want trade barriers, then you obviously want our children to consume rBGH in massive quantities!

You are trying to kill our children!

See how that works!?

#147 jess on 02.24.14 at 5:11 pm

mis speaking of speaking

intercepted f bomb
http://www.theguardian.com/world/2014/feb/06/us-ukraine-russia-eu-victoria-nuland

#148 GUY GADBOIS on 02.24.14 at 5:18 pm

it’s time to sell or never…

#149 brainsail on 02.24.14 at 5:50 pm

138 airhead princess on 02.24.14 at 4:36 pm

“I pay $1.29 for a gallon of milk in Texas. T-Bone steaks ( platter size) are $4.”

We live in Texas and a gallon of milk is $3 to $3.50. I’m not going to waste my time to find out how much T-bones are.

Who can you trust?

#150 Stickler on 02.24.14 at 6:16 pm

Trust your Canadian Dairy farmer.

Some dairy farmer notes:

The price of milk in stores varies from region to region and store to store as dairy farmers do not set the price of milk; retailers do.

It cost between $1.25-1.50 per litre in Canada, while in the US, consumers pay about $1.00 a litre, in China $1.70, in Australia $1.00 to $1.55, in New Zealand $1.65. (Source: AC Nielsen, 2011)

*Keep in mind US has a much larger population, and uses steroids & hormones to increase production cheaply (Canada does not).

*Also In 2009, US dairy farmers received over $4 billion dollars towards bailouts. That helps keep prices down too.

Need some more perspective? On the glass of milk you order at a restaurant, your server will earn more on that glass than the dairy farmer that produced it will earn.

#151 Herb on 02.24.14 at 6:24 pm

#148 brainsail,

surely you’re not suggesting that a Neandercon shill would lie to make ideological points? Are you?

What is Canadian politics coming to!

#152 Ralph Cramdown on 02.24.14 at 6:34 pm

Kroger has Nolan Ryan brand T-Bone for $7.99/lb in their Houston flyer this week. Maybe the airhead shops at PWYC food banks?

#153 jan on 02.24.14 at 6:40 pm

The ratio of Canadian household debt to GDP has risen to almost 100 per cent, and has grown at the fastest rate in the world since 2006, according to the World Bank. In April 2012, the former governor of the Bank of Canada, Mark Carney – now the head of the Bank of England – warned of the risks of foreign capital inflating the housing market

Read more: http://www.smh.com.au/business/china/shunned-chinese-buyers-to-turn-from-canada-to-australia-20140224-33ca8.html#ixzz2uHXtpVtN

TRY TELLING THAT TO GARTH
HE WILL DENY THIS TILL HID DEATH BED!

#154 Shawn on 02.24.14 at 7:02 pm

Commodity versus Beauty

Stickler says:

Need some more perspective? On the glass of milk you order at a restaurant, your server will earn more on that glass than the dairy farmer that produced it will earn.

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

‘Cause she’s worth more.

Selling a commodity is a rough business unless government assisted with quota or other subsidy.

But wait, isn’t government useless?

#155 airhead princess on 02.24.14 at 7:15 pm

#151 Ralph Cramdown on 02.24.14 at 6:34 pm

#151 Ralph Cramdown on 02.24.14 at 6:34 pm

Kroger has Nolan Ryan brand T-Bone for $7.99/lb in their Houston flyer this week. Maybe the airhead shops at PWYC food banks?

Just bought a two pack of plate sized t-bones at Las Colinas Kroger for $11.52….am I seeing the ugly face of jealousy Ralphy?

“We live in Texas and a gallon of milk is $3 to $3.50. I’m not going to waste my time to find out how much T-bones are.”

Unlike Canada there are dozens of milk companies in Texas……prices start at $1.29 at Wallmart with specialty and boutique products priced at market. And…..if you don’t know the price of t-bones….you don’t live in Texas pal…..We eat red meat down here…lots of it. This is Ontario….. its BBQ season down here. I suspect just another envious Ontario liberal troll.

#156 Entrepreneur on 02.24.14 at 7:23 pm

Well said #77 YVR and #81 Republic_of_Western Canada
Not everyone is in the union and every citizen should be respected. Small business should be given special breaks to prosper and grow…let the consumer buy and pick from the good ones, weed out the bad.

#141Stickler…”In reality every $ spent on public servants comes from the private sector.” So true…also politicians are public servants.
“If the country spends more than it takes in from private sector then that results in debt.”
Simple math but politicians don’t want to know that; they are in the gravy train mode.

Small business and even households do a similar math but dies if too much debt; they do not have the opportunity of $$$$ from others to bail them out.

I, also, would like to see detail figures from the RE board; it should be treated like an audit from the RCMP like in the Senate Scandal.

#157 Holy Crap Wheres The Tylenol on 02.24.14 at 7:35 pm

Looks like CREA has a great accountant working for them. They can make the numbers work either way!

#158 hongcouver on 02.24.14 at 7:37 pm

I salute you, keep up the good work Garth.

#159 Freedom First on 02.24.14 at 7:44 pm

#98 T.O. Bubble Boy

Now you take a shot at me after taking a shot at Ross Kay. My comment about you is solidified. Weasel.

#160 DM in C on 02.24.14 at 7:48 pm

Airhead Princess…..

‘Call me stupid….’

No need — you demonstrate that very plainly for all to see, every post you make.

#161 Herb on 02.24.14 at 8:04 pm

C’mon guys, stop dumping on our Airhead Princess! We just got used to “her” and “her” spiel, and now “she” is going to have to come back and purvey “her” ideological wares under another label.

#162 jess on 02.24.14 at 8:04 pm

148 brainsail

TransCanada just has to check a box on a form to the Texas Railroad didn’t have to use eminent domain to get her done! just check the box /common carrier

although, eminent domain didn’t work in Nebraska…

#163 DreamingInTechnicolour on 02.24.14 at 8:07 pm

Expect the older and the newer / new condos to fall out of favour as a place to own by seniors on fixed incomes. Who, if anyone on a fixed income – has the money to pay for their ever increasing property taxes and monthly condo charges ?

#164 Rainclouds on 02.24.14 at 8:21 pm

138# Airhead

“Call me stupid”

No Need, your hyperbole is doing a fine job undermining whatever credibility you imagine you have.

#165 pitfield on 02.24.14 at 8:33 pm

All this talk of milk is funny. Why don’t we import some from china cheap and see how good the additives are. Maybe I can grow taller and look like smoking man.

#166 Cowpoke on 02.24.14 at 8:40 pm

The further our dollar falls the cheaper this country becomes. THE BIG SELL OFF and SELL OUT. 80% of 45,000 Chinese bound for BC will completely control the price of BC real estate seeing how total annual RE sales have been dwindling down to about 20,000 sales per quarter. Not to mention all other foreigners. They will have the power to manipulate prices upwards and/or force us to our knees. Garth, Big business, Canadian and Provincial Governments,..’wake up”! We have the 14th largest GDP on this planet. What is going on and what are you doing? ‘What do you really think your gaining’? Sending all our raw products to Asia for processing. Does the ‘Crown’ really own this country and you are stool pigeons for the crown [or] do you work for and serve the citizens of this great country. Which is it?? You are selling out the citizens of this country and all its resources. There is only ‘one thing’ stopping me from doing what needs to be done in this country and that is a standing army behind me. Think about this! ‘Justin Trudeau’! “Do you have [any] real Canadian in you”?

Justin Trudeau has not been in power for the last 8 years. — Garth

#167 robert james on 02.24.14 at 8:53 pm

The shunned Chinese buyers will love Australia.. Lots of sun there .. http://www.smh.com.au/business/china/shunned-chinese-buyers-to-turn-from-canada-to-australia-20140224-33ca8.html#ixzz2uHystrTO

#168 Cowpoke on 02.24.14 at 9:42 pm

Justin Trudeau has not been in power for the last 8 years. — Garth

That’s what I meant Garth!

Cause no one else in this country has any Canadian in them either, that’s for sure!

#169 OffshoreObserver on 02.24.14 at 10:04 pm

Grammatically, you should use “whom” in your title: you are referring to the object.

–from Danang, Vietnam in my penthouse overlooking “China Beach:

P.S. I stubbed ny toe today so my new GF, who [note that she is the subject not the object of the sentence] owns a little computer shop, transported to me to hospital in Danang City. Two physicians and 15 nurses attended. I received tetnanus shot and dressing.

Total time 30 minutes no line-up.

100,000 Dong = $5.00 CAD.

(So why do I hate paint Cad taxes…?)

#170 OffshoreObserver on 02.24.14 at 10:09 pm

Edit:

I meant to close the quotes.

“paint” should be “paying”

#171 OffshoreObserver on 02.24.14 at 10:11 pm

And “to me” should be “me”

[I think it’s the online spellcheck…

#172 Cowpoke on 02.24.14 at 10:54 pm

To #168 OffshoreObserver

,… nicely said dude!

Hồ Chí Minh

He cited the language and the spirit of the US Declaration of Independence.

And won!

A great act to follow!

The French and USA made a big mistake fighting against your country’s progress.

http://en.wikipedia.org/wiki/Ho_Chi_Minh

#173 Entrepreneur on 02.25.14 at 4:51 pm

#165 Cowpoke “Sending all our raw products to Asia for processing.”Agree that all our rescources should be processed or refined right here in our own country, Canada.

Here on Vancouver Island raw logs are constantly being hauled to another country; meanwhile, mills have shut down. The fish farms have taken over the wild fishing industry with the Federal Government funding the fish farms. Look at the oil pipeline, another “who gives a hoot about refineries for Canadian jobs”. Loss of thousands of jobs with dwindling families.

People want processing/refineries; they want work and raise families; they to want to live in they own province/country.