The change

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Millennials, this is for you.

Maybe you read about it. People in Toledo woke up one day to be told they couldn’t drink the water. Or bathe. Or do the dishes or the laundry. Or water the pooch. Instead they had to line up for giveaways of bottled water or drive hours to another town.

The water supply was poisoned by algae blooming in Lake Erie, where the city has its intake. It was ugly. By the way, the fish all died. Look at this:

ERIE modified

So what? You don’t live in Toledo and couldn’t care less? Well, you should. The algae was having a swell time, being fed by a never-ending supply of agricultural chemical runoff, and growing wild in a soupy lake. Temperature extremes are becoming the norm. Last winter Erie was an ice cube as temps plunged to minus forty. This summer it’s a regular bathtub.

Thirty-five million people, ten million of them Canadians, drink out of the Great Lakes. And while industrial pollution has been cleaned up dramatically over the last few decades, warmer temps and tons more phosphorus from farming have sucked oxygen from the waters and created dead zones. This is a direct result of human stupidity and climate change, and could be a game-changer for cities like Chicago, Toronto, Detroit and Windsor.

Meanwhile in California, where your winter lettuce comes from, which has a GDP slightly bigger than all of Canada, climate change is now responsible for drought, wildfires and the potential of economic disruption. Over 90% of the state is in an extended drought, with wide swaths of it prone to desertification – where real estate values are understandably falling.

Look at this chart of average temps over the last 100 years. The increase of more than two degrees has been enough to dry the soil and the subsoil, turn the landscape into kindling and imperil a $40 billion agricultural industry. See the flare at the end of the chart? That’s now.

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In Vancouver the mayor ‘s been lobbying the province and the feds for more money to help buttress the city against the effects of rising sea levels. Global News recently quoted a university study estimating $25 billion worth of real estate in Vancouver, Richmond and other communities could be lost to swelling seas by the end of the century. Karen Kohfeld of Simon Fraser University (prof, and Canada Research Chair in Climate Resources and Global Change) says expect the water to be two to three feet higher. More than enough to turn downtown Victoria and Halifax into puddles.

Did I mention that the Toronto subway now routinely floods, along with the Don Valley Parkway, or that passengers on a stranded, partially-submerged GO train last summer saw water snakes swimming between the seats? Or that the ice storm eight months ago left three million people in the dark, in winter?

Meanwhile several key glaciers are melting, and Lake Mead – which keeps Las Vegas from becoming sand – is running dry. Forty thousand birds died off Skomer Island, Wales, this past winter thanks to violent storms being blamed on a shift in ocean currents – because of changing water temperatures. It was the winter from Hell in Europe, as in most of North America thanks to this, and the polar vortex. Freshwater springs in the area of the Dead Sea, which have flowed for thousands of years, are diminishing. Soon the Israelis and Palestinians will have something meaningful to fight over.

So, here’s the deal: environmental changes are now having serious economic impacts. What was forecast to happen a century from now, is evidently starting early. People in their twenties, who will live into their eighties, and whose children will be alive in 2100, will be dealing with this their entire lives. The impact on where humans live, and the real estate they purchase, could be profound.

The National Climate Assessment is giving Americans the kind of insight into environmental change that Canadians seriously lack. It warns that states like Georgia will have at least 60 days with temps over 95 degrees within a few decades. Florida can expect far more hurricanes and the flooding of Miami. California’s drought may well become permanent, with devastating temperature increases of up to 6 degrees by 2060.

All this means the three enviro factors most likely to influence real estate values in the decades to come are temperature, drinkable water and sea levels. And you thought they were mortgage rates, your mom’s bank account and the availability of granite.

Millennials will be the first generation in history to spend their entire adult lives dealing with an unhappy climate. Their children may be defined by little else. And places like Canada could be massively impacted by environmental refugees.

You might want to chew on that before you spend $900,000 on a slanty semi in a trendy flood plain. Just sayin.


#1 Gord In Vancouver on 08.17.14 at 6:20 pm

…and BC’s forestry industry has been decimated by the Mountain Pine Beetle, which has survived nicely due to warmer winters.

I hope you don’t censor me, Garth but why on earth does society embrace population growth?

#2 GJ on 08.17.14 at 6:21 pm

ya, I’ll past on this warmist dribble.

#3 Catalyst on 08.17.14 at 6:22 pm

Good, the winters are too damn cold.

#4 wayne on 08.17.14 at 6:23 pm

If you can’t get people to think 5 years ahead to mortgage renewals what makes you think they’ll care about something 80 years away?

#5 Butch on 08.17.14 at 6:24 pm

Doesn’t that’s just mean Canadian real estate will be more in demand than ever???

#6 G Stylez on 08.17.14 at 6:24 pm

Would environ mental refugees in a place like Canada further drive up property values as people are willing to pay a premium for a cleaner environment?

#7 lotusland on 08.17.14 at 6:24 pm

Environmental refugees could be positive for certain types real estate in Canada

#8 Mark on 08.17.14 at 6:25 pm

You can bet that these houses will end up in the CMHC insurance pool. And when the floodwaters eventually rise, it will be the CMHC, not the property insurers, on the hook for the loans that will inevitably default.

I’ll leave the climate change issue alone, although it is doubtful that the CMHC properly understands that market participants are acting to ensure that its portfolio looks like crap.

#9 Johnny D on 08.17.14 at 6:29 pm

All this and the number one selling vehicles in North America are pickup trucks. People are too selfish and ignorant to change anything. This is going to get far worse.

#10 Mark on 08.17.14 at 6:30 pm


#11 Mark on 08.17.14 at 6:30 pm


#12 Freedom First on 08.17.14 at 6:31 pm

Well done Garth!

Sadly, nothing but the truth. Even sadder is the denial among the masses that refuses to accept the truth, making it cause for Politicians to be exterminated if they do anything about it in a “massive do what ever it takes right now to bring change”.

#13 Smoking Man on 08.17.14 at 6:33 pm

Holly crap.. Garth ia a tree hugger…

Who would have know…..

#14 Sherwood Park on 08.17.14 at 6:34 pm

And here I thought Misery Week was over …

#15 not 1st on 08.17.14 at 6:35 pm

Thought this wasn’t a doomer blog?

btw, you forgot to mention the Yellowstone super volcano. The land in the are has risen a few feet in the last hundred years.

#16 rainclouds on 08.17.14 at 6:40 pm

Whoa. Goin all environmental on us…I guess tar sands and pipelines are also bad news.

Burnaby will be high and dry Except For The Strip Malls On Marine Drive. Be some sweet waterfront prop on boundary and hastings.

Richmond= porridge

The west side “creme De LA creme” May be using their kayaks to get to work…

Your right NOBODY gives a rats ass about Toledo. Socal on the other hand has great golf…..and hot babes.

No climate change, Herr Harper has decreed.

Must be good scotch in Lunenburg . will be there next week. Gimme some:-)

Haltown survived the big bang in WW1 DON’T worry about my maritime homies.

PS the devil dude will use this to pump the OK Valley again. Thanks for that Garth dude…

#17 Tkid on 08.17.14 at 6:42 pm

Le week misery, she continues, n’est pas?

So to summarize, buy the higher and sell the lower?

#18 Mike Leblond on 08.17.14 at 6:42 pm

Our politicians couldn’t care less about climate change. Especially not xxx. All that matters is the next election. Who cares if Richmond ends up underwater in 2025? Who cares if the Columbia icefield (or what’s left of it) disappears completely in 20 years? Who cares if the Great Lakes choke up and die due to algae? As long as they win the next election, that’s all that matters.

#19 Mister Obvious on 08.17.14 at 6:43 pm

I thought misery week concluded on Friday.

#20 will on 08.17.14 at 6:47 pm

man against nature. man against man. man against himself. man man man. stop it man. nature is speaking. shut up and listen man.

#21 West Coast on 08.17.14 at 6:47 pm

Hi Garth,
Slightly off topic, but couldn’t resist….it’ll give you a chuckle….hope you are doing well.
Pete McMartin: Urbanization: Who’d have guessed? Kerrisdale as a bastion of Marxism

On topic:
Yes, we ignore our part in global warming (rising sea levels etc.) at our peril….in the Vancouver Lower mainland we have major concerns – see Fraser Basin
Check out Sierra Club’s site regarding global warming issues.
As a community we tend to be short sighted regarding basic housing…..just extrapolate that to our grasp of our greater environment….our ‘bigger house’…..
BTW are we still on misery week?! I’ll send you a bottle of scotch – what’s your mailing address??

#22 Happy Renting on 08.17.14 at 6:48 pm

Who says Misery Week has to end?

This was a good reminder of the benefits of renting in a high rise. No basement to unflood or damaged trees to clear. During the flood and ice storm last year, our house horniness was zero.

+1 what Wayne #4 said.

#23 Chickenlittle on 08.17.14 at 6:50 pm

I though Misery Week was over…Now who is being a Doomer, Garth? :)

I have to politely disagree on one point: like the RE market, the Earth’s climate has never been static. I do think big corporations are destroying our planet, though. For them it’s all about the money. Most of the CEOs are old and could care less what happens in50 years.

#24 Prince Charles on 08.17.14 at 6:51 pm

Fascinating Garth. Absolutely fascinating. I was sent here by my personal assistant who received Google alerts from my ghost writer.

#25 Retired Boomer - WI on 08.17.14 at 6:53 pm

I’ll believe the scientists, rather than self-serving industries, or politicians if it’s OK with the rest of you.

We had a paranoid President (Nixon) who passed the clean water act, the clean air act. A start back in the 70’s so climate issues can be worked on.

In the US we need to re-fund our Highway fund, no better way than a $2 a gallon FUEL TAX phased in over a few years. People will think twice on what type car they buy, where they live, and how they might better use fossil fuel.

Me, I wouldn’t mind time of day pricing on electricity.
Me, I wouldn’t mind a ‘set’ natural gas rate.

Nor seeing Hydro Bills near $100 per MONTH to emphasize the preciousness of clean water, and proper sewage treatments. While we are destroying the economy, lets return interest costs on borrowed money to a more normal range. As I live in the most indebted place on earth it should raise my taxes, as well as most Americans. Well, I’m still paying WAY less than most others, so let’s turn those screws a few percentage points!!

Would these ideas piss off people? No doubt about it, show me where you have a better alternative.

Their is no, and never has been a FREE LUNCH!

#26 HDJ on 08.17.14 at 6:56 pm

Nicely put. Out of the park.

#27 peter on 08.17.14 at 6:57 pm

The sky has been falling here for how many years now? No doubt real estate prices are elevated but as long as rates remain low (as you predicted) and the Central Planners keep manipulating, there is no telling how expensive stocks & real estate will become. The market mechanism no longer applies.

#28 Long Live Quebec! on 08.17.14 at 6:57 pm

“Some of Vancouver’s priciest real estate should be prepared for future flooding, according to a new City of Vancouver report. One expert says cities on the coast will continue to make adjustments to deal with climate change. … If you’re buying a house today, and you have a 30-year mortgage, the sea level’s going to be about a foot higher probably by then.”

#29 Setting the Record Straight on 08.17.14 at 6:58 pm

Through studies of tree rings, sediment and other natural evidence, researchers have documented multiple droughts in California that lasted 10 or 20 years in a row during the past 1,000 years — compared to the mere three-year duration of the current dry spell. The two most severe megadroughts make the Dust Bowl of the 1930s look tame: a 240-year-long drought that started in 850 and, 50 years after the conclusion of that one, another that stretched at least 180 years.

#30 Entrepreneur on 08.17.14 at 7:00 pm

Scary times now and in the future. A friend had a big, reddish, swollen sore on her leg; anyways, she is healing after antibiotics. Just emailed about what great teachers I had and one mentioned that insects will take over that will be the end of humans.
Think about it: trees are replaced with houses, ground water disappearing so what will insects live on? Us.

Can only think about the climate change so much or else will go nuts. Did some writing in non-rhyming poetry with my art to match…this helps me.

In “The Final Prophescies of Nostradamus” by Erika Cheetham on page 41 at the top “Deforestation leads to famine, drought and flooding. Add to this disease, chemical pollution, warfare; you have the perfect ingredients for Nostradamus’Millennnium.”

#31 Leafssteak on 08.17.14 at 7:00 pm

Never live at the bottom of a hill. Nothing good will come of it

#32 Goldie on 08.17.14 at 7:01 pm

The denialists won’t be happy with today’s post and you can expect to see some of their old man comments in these comments.

#33 Michel Chossudovsky on 08.17.14 at 7:03 pm

“recent scientific evidence suggests that HAARP is fully operational and has the ability of triggering floods, droughts, hurricanes and earthquakes.”

#34 Goldie on 08.17.14 at 7:04 pm

#1 :

because our flawed system requires it for sustainable economic growth. It’s all about the short term for most of those who run our societies.

#35 Ten 26 on 08.17.14 at 7:05 pm

Worrying over your food supply puts the argument over renting vs owning in it’s proper perspective. Imagine a future whereupon the housing costs are dirt cheap but the food is not. These are the good years, my friends.

#36 TEMPORARY® Foreign Prime Minister on 08.17.14 at 7:16 pm

Johnny D on 08.17.14 at 6:29 pm
“….All this and the number one selling vehicles in North America are pickup trucks. People are too selfish and ignorant to change anything…..”

Nice try.

My 2014 F150 V6 (3.7L) Supercab 4×4 uses 9.8/100km on cruise at 100 km/h. Enough to drive from the GTA to Sarnia and back twice (1084 km total) on one tank of gas.

Try eliminating all the 2 mpg yachts tied up between all the 8,000 sq ft natural gas guzzling starter-castles along Lakeshore Blvd, then we’ll talk.

#37 Setting the Record Straight on 08.17.14 at 7:24 pm


Too much
Starship Troopers

“Think about it: trees are replaced with houses, ground water disappearing so what will insects live on? Us.”

#38 hardassi on 08.17.14 at 7:25 pm

Excellent post! Thumbs up to #4 Wayne.
#34 Ten 26: Think of how much of our food comes from California …. and many agricultural regions are under pressure worldwide, with a lot of mouths to feed. As the old saying goes – a country is never more than 4 missed meals from a revolution.

#39 crowdedelevatorfartz on 08.17.14 at 7:26 pm

@#29 Entrepeneur

Learn to love eating bugs. Never surrender.

#40 kc on 08.17.14 at 7:31 pm

waaaa waaaa waaaaa …..

who gets rich on global warming scare tactics???? follow the money and look out the sky is falling …..

fear to control the sheeples of the world.

bored today garth? decided to open a debate that is 100% to start a war between yes it is vrs. no it isn’t?

put me in the global warming is a crock of sh!t camp.

#41 Ford Prefect on 08.17.14 at 7:33 pm

I farm in the Comox Valley, B.C. and keep records of both rainfall and groundwater levels. In the past 19.5 months we have had the least rainfall I have recorded, 53 inches as opposed to a normal of around 90 inches in the same period.

Ditto for groundwater. It is down about 12″ from where it would be in normal conditions. In short we are in a severe and prolonged drought. Not that you would know it from media reports which feature the usual swimmers drifting in tubes etc.

Anyone that denies that we are experiencing severe climate change is severely delusional.

#42 crowdedelevatorfartz on 08.17.14 at 7:34 pm

With any hope we can pray that our beloved planet looks like Arakis in 20,000 years.
Should take about that long for Harper to legalize “spice”
I just hope Sting isnt there wearing those bikini briefs

#43 Sebee on 08.17.14 at 7:39 pm

So basically live it up now before party ends.

Give me one reason why this planet needs human beings. I’m not asking for a list, just one single reason why earth needs us to be here. Would love it if Smoking Man would tell me why he and I are more important than an earth worm.

#44 DaleFromCalgary on 08.17.14 at 7:43 pm

The problem isn’t climate change, it’s people who buy houses on floodplains or beachfront properties along the Gulf Coast. During the great flood of 2013 in southwestern Alberta, the only people who suffered were those who didn’t check out their neighbourhood before buying a house. The entire city of High River got wiped out because its residents were and still are in denial about living on a floodplain. 100,000 Calgarians were out of their homes, but the other 1.1 million Cowtowners had the good sense to live up on the plateau. Humans may be smart individually but collectively are stupid.

By the way, if you are thinking of buying in Calgary, don’t buy a house in Sunnyside, Roxboro, Mission, Bowness, or Deer Run. When, not if, they are flooded again, the fault won’t be climate change, it will be the homeowner.

#45 lifeisgood on 08.17.14 at 7:43 pm

I’m not buying that one, mr. Turner.
No difference between you and the MSM and their poor reporting.

This is a scam on a grand scale…the leftist push on the climate change (of course !, it’s always changing.) and the MSM copy and paste the report of the green-enviro…and Mr. Turner is following…sad.

Ah, look at the chart. — Garth

#46 Sebee on 08.17.14 at 7:44 pm

#19 Mister Obvious

Well spotted. I guess it’s an encore when some Garth fans wouldn’t leave the arena Friday night.

#47 harden on 08.17.14 at 7:44 pm

climate change – another reason not to buy in a glass tower, at least not one of the boxes that faces the sun. should make for fun strata meetings in future, when half the building can fry eggs on their coffee tables.

#48 on 08.17.14 at 7:46 pm

So millennials should not buy real estate, they should just buy camping gear and become nomads?

#49 takla on 08.17.14 at 7:47 pm

good thing humans have a brain,we’ve invented uncalculable ways to make life liveable in extreme,changeing enviroments.
As the climate changes so will we always staying one step ahead of doom.I believe much of the climate change has been a direct result of our SUN going thu its paces,rather than human influence,my opinion im sticking to it.The wild card at this time is the continueing radiation release at fukushima in my mind for future generations.
Of much greater concern is the finite amounts of hydrocarbons left as all the easy oil has been tapped and whats left is harder to access and more$$ to attain.
At some point the economics wont justifiy keeping up supply and that’s when economy’s contract and broader recessions/depressions will envelope the world ecomonies.Have we reached that point yet?If not its comeing.World population was shy of 1 billion people before the advent of the first oil well and first internal combustion engine.One gallon of gas replaces the labour of one man working continuously for 20 hrs..chew on that….

#50 Walter Safety on 08.17.14 at 7:50 pm

On PEI we’re still waiting to break into 12 small islands from rising sea levels ,as Sheila Copps predicted.
Do you want to revisit that one?

I have never been responsible for Sheila Copps. — Garth

#51 Joe Schmoe on 08.17.14 at 7:50 pm

I grew up under the threat of nuclear war and acid rain.

We got over it.

I am more afraid of the zombie apocalypse. I live (which we own) in a house with a steep pitched roof and keep lots of ammo lying around.

#52 John Galt on 08.17.14 at 7:53 pm

I believe Garth and others like him to be good people.

Unfortunately, despite well intentioned people who genuinely care about our Earth and environment, we MUST ACCEPT that the ‘climate change’ agenda being promoted has been co-opted. It has been co-opted by BIG BUSINESS just like every other piece of regulation that is passed by the government. Regulations, given their effect on the free market, should really be viewed as a PROTECTION RACKET for big business.

You see, BIG BUSINESS can AFFORD to incur and absorb the additional costs associated with complying with new regulations. They can hire the teams of new lawyers, environmental scientists, etc. that will allow them to comply.

Know who can’t keep up with these regulations? SMALL/MEDIUM size business, and NEW COMPETITORS. These new competitors would shake up the marketplace, create newer, cheaper, and better products. But they can’t – because they are stopped by these regulations.

Therefore, the only conclusion that can be had from all this is the following:


This environmental outcry is a DISTRACTION that is trying to get all Canadians to VOLUNTARILY accept LOWER LIVING STANDARDS and be HAPPY ABOUT IT!

Don’t buy the BS. All regulations are co-opted by big business and HURT your purchasing power and standard of living. Changing the party in power will NOT change this dynamic – it doesn’t matter who is in power. All that matters is this: You must DEMAND that governments should not have the power to regulate IN THE FIRST PLACE.

Live free. The best government is the government which governs least.

#53 TurnerNation on 08.17.14 at 7:54 pm

Well well where were the ‘lefties’ when their blessed Israel and NATO (Libya, Syria, et all, RIP) was destroying the environment with deadly WMD, chemical bombs (proof of Phosphorous used in Iraq exists on Youtube), fighter jets and ships spewing exhaust and gray water, munitions and DU left behind to fester. Never stand in the way of business.

I will show you that the elites are actively working to take away out right of travel. (Never forget who hates our freedoms).

Closer to home: this weekend sections of Yonge St, Bloor St shut down to cars in favor of people, bikes, and, soon, Scooters and Rickshaws like 2nd World countries’. Expect road tolls, car bans, and in iron curtain to fist itself down upon Toronto’s core.
They recently closed a lane on Simcoe Street in favour of a bike lane downtown. Witness the rush hour traffic jams nightly as car idle and jockey for space. Madness.

Around the world the elites take away our travel right overnight with the blink of an eye. No vote.

– We were told of a t-t-errifying plot involving liquids on jetliners. Really, in the 50 years of commercial jet travel not one expert ever though that a looney might fill a shampoo bottle with badness and light it off in the lav? What ensured was weeks of chaos and airport meltdowns.

– Don’t forget the “Volcanic ash” nonsense x2 which had even European’s airlines questioning the madness of travel shut down.

– Were are regaled with takes of ‘sophisticated training camps’ overseas, shown stock footage of VeryBadMen waving and shouting with small arms. Then we are told ‘one of them’ couldn’t even light his shoe on fire – even a same person would have done this in the privacy of the lav – and what followed what travel chaos and shoeless lineups. No one can explain how he boarded internationally sans a passport.

– The WHO is priming us for more travel restrictions in the form of travel bans, hysteria. Mad made disease at its best.

– Sept 11th: we were told 19 people caused three buildings to each implode within 30 seconds, while the country that spends more militarily than all 1st World countries combined scrambled not a fighter jet but news helicopters over the move guarded airspace in USA. Yet they changed the world alright. Travel shut down.

– Taxes – we have NAFTA and Nexus but you end up paying more in taxes and fees for your USA-CAD-USA trip.

– Again told of a t-t-errifying VIA rail plot. C’mon. Two guys with pick axes along a lonely stretch of track could do more damage in half an hour.

The message is: hunker down in cities, get used to a militarized police force taking over. Meanwhile our govt is sending plane loads of ar..err I mean aid to the Ukraine. But if you have one rogue item in your municipal recycling bin you will be fined!

And don’t even think of moving cash around. That’s for the elites, only. Pay your taxes little people and trust the system.

“How the US sent $12bn in cash to Iraq. And watched it vanish › News › World news
Feb 7, 2007 – An armed guard poses beside pallets of $100 bills in Baghdad. … shrink-wrapped $100 bills into Iraq, then distributed the cash with no proper …”

I’m sure I can think of more examples. I wrote this off the top of my head.

#54 TurnerNation on 08.17.14 at 7:55 pm

– Adding: don’t forget the Greyhound ‘beheading’ to scare us all off bus travel. Then they let the guy go after a few years. Scott free.
(Patsy)? The message is: don’t travel, get off the land, hunker down in a tiny condo.

#55 Beijing on 08.17.14 at 7:59 pm

I’ll take the 2-3 foot water rise in Vancouver or the 1 degrees CELSIUS rise in California to the SMOG in Beijing anyday. Anyday.

#56 not 1st on 08.17.14 at 8:00 pm

Garth, what about the debt being left to the millenials by the boomers and geezers?

If that isn’t a national disaster, I don’t know what is.

The debt increases every month, in good part to finance the Millennials. — Garth

#57 Setting the Record Straight on 08.17.14 at 8:02 pm

Deniers = dinos. — Garth

#58 NostyVlad the Snugglebombed on 08.17.14 at 8:03 pm

Speaking of more harsh winters, Barmy Britain Well that was a quick summer, but now bring on the cold stuff and watch the power bills go through the roof!

However, there are plenty of smart teenagers around, such as this young lady. She has invented one jim dandy of a device.

Chile, along with south and latin america have informed the money-junkies (west) to take their request (about not supplying Russia with food and other goods), and shove it right up where the sun don’t shine, and that’s not the only thing — while the west declared war on everyone who isn’t white, Russia – China – Iran and others make deals to get things done.

A lot of old cycles are drawing to a close now, being replaced by new, young and energetic ones. Screw fracking — causes more harm than good, mega-quakes, super-volcanoes and plenty of other goodies!

#59 Macrath on 08.17.14 at 8:04 pm

Why sanitize the Erie situation? Agricultural chemical runoff is just a part of the problem. The Buffallo area alone last year, dumping more than 44 million gallons of sewage into the lake, according to figures from the state Department of Environmental Conservation. Great lakes = 100 billion liters of raw sewage per year combined.

They might be able to do something with the farmers but rebuilding city the sewer systems. Colossal costs for bankrupt municipalities. Better to invest in armoured vehicles and riot gear.

#60 Bob Copeland on 08.17.14 at 8:07 pm

I don’t think anybody denies climate change. The difference of opinion in the states is how to deal with it. Some, like Al Gore want to make a boatload of money off of it by sucking billions out of the economy. Others say strictly enforced environmental laws with heavy fines would accomplish the same while punishing only the guilty.

#61 Porsche on 08.17.14 at 8:08 pm

#62 Al on 08.17.14 at 8:08 pm

The RE market is still in full bloom; 81 Dawn Hill Trail in Thornhill was purchased for $727,000 in July 2013 and sold for $1,000,000 in Aug 2014. Beats working in a 9 to 6 job.

#63 Spectacle on 08.17.14 at 8:09 pm

Tremendous linking of provocative investment advice Garth, thanks much !

Regarding :
#23 Chickenlittle on 08.17.14 at 6:50 pm . I have to politely disagree on one point: like the RE market, the Earth’s climate has never been static. I do think big corporations are destroying our planet, though……

My response to:
#23 Chickenlittle on 08.17.14 at 6:50 pm.

I thank you for the sage link my friend !

Excellent information, ( risk management etc) something that has become a great interest of mine.

It also reminds me of the late comedian George Carleton’s stage presentation on the environment! “….who do we think we are, that we are so important to think we can save the Whales…..”

Humbling , informative, motivating; as was Robin Williams .

Regards all…..

#64 john m on 08.17.14 at 8:13 pm

Great a nay-sayer for years the dramatic changes to our environment could not be more obvious or frightening.

#65 TurnerNation on 08.17.14 at 8:13 pm

Instead of spending 1 billion on the G20 meeting in Toronto, or the “1 billion” in “anti-terror” [sic] funds which was reported missing in the media our govt could have built us something like this:

“The Thames Barrier is located downstream of central London, United Kingdom. Operational since 1982, its purpose is to prevent the floodplain of all but the easternmost boroughs of Greater London from being flooded by exceptionally high tides and storm surges moving up from the North Sea.”

#66 lifeisgood on 08.17.14 at 8:16 pm

“Ah, look at the chart. — Garth”…post #44…

Yep , your graph shows that the climate is changing …nothing new here.

#67 Frank le skank on 08.17.14 at 8:17 pm

What do you think will happen first?
A) Halifax will flood
B) algae invasion
C) melting of the polar ice caps
D) A drop in Canadian real estate

#68 Yuus bin Haad on 08.17.14 at 8:18 pm

I used to just send my money to David and Al. Now I’m signing on with Hank Paulson too just to be sure. It’s a small price to pay to have this damn climate change recast.

#69 Cow Man on 08.17.14 at 8:25 pm

Sir Garth:
The source of the algae stimulus may be phosphorous from agricultural production, true. But that is because the “environmentalists” prefer vegetarian diets to beef, and pork. The beef and pork operations folded and turned into soybean for tofu and corn for ethanol. 40% of corn goes to ethanol to “protect” us from climate change. And what did you get for your “green diet”? Yes algae blooms. Place the blame where it belongs. If cattle still pastured the land instead of “green” agriculture your algae problem may not exist.

#70 Julia on 08.17.14 at 8:27 pm

Misery week continues as doomers, once maligned on this blog, are fed caviar. Stats show that successful aging white men like Robin Williams are a growing suicide risk.

Should we be concerned Garth? Is this a cry for help?

You wish. — Garth

#71 nubbers on 08.17.14 at 8:27 pm

Did anyone see this New Scientist article in 2009 on the effects of a warmer world?

Its subscription only, so here is a link to a diagram from that article published elsewhere (sorry about the messy lengthy link):

Canada actually comes out relatively well as a whole (although Ontario looks like toast to me) but there might be a bit of a refugee problem as the article mentioned a rather scary ‘die back’ of the human population to ~1,000,000,000.

#72 waiting on 08.17.14 at 8:30 pm

Speaking of agricultural doom, a survey carried out over 7 years in China has reported that 20% of its farmland is now polluted due to heavy industry particularly in the southwest. There are a lot of people to feed in that country and they’re buying up farmland in other countries like Canada.
The world is changing fast and right now, Canada has an abundance of clean water and unpolluted farmland. We’re starting to look very attractive to investors from any country that needs either.

#73 dd on 08.17.14 at 8:33 pm

Great opportunity … sell water to US by the glass full.

Just sayin.

#74 Guy on 08.17.14 at 8:42 pm

The problems that Gath mentioned is the tip of the iceberg. There are problems out of our control such as the sun being highly active with solar flares that contribute to the problem, which is out of our control.

There is carbon pollution, which is within our control. We have successfully exaggerated the problem by creating the greenhouse effect. Thus changing our energy supplies such as using natural gas instead of coal for electricity generation. Better yet would be Thorium generators. They are much safer than Uranium. They can also be built much smaller so that multiple generators can be placed around the country so that if one goes down due to extreme weather, the power grid stays up.

The greatest problem is over population. Droughts would create world wide starvation. China has prairie land similar to that of the prairie provinces of Canada in the north west of China. Due to a population of 1.6 billion people, they can not let their land lay fallow for a year to allow the soil to regenerate to feed their population. India is in an even worse situation.

Should this warming continue, equatorial countries could become uninhabitable. Yet the Americans and Russians are in a financial war. The EU is sitting silently in the middle. China is sitting back saying that if the Americans aren’t going to do anything about the problem, neither are we.

The housing prices in Canada seem to pale in comparison to what could happen in the near future.

#75 Everyone saw those storms on TV on 08.17.14 at 8:43 pm

Global warming? it’s cold in TO today, like yesterday.
To address the obvious lie, they changed it to ‘Climate Change’. Now? It’s ‘weather events’

Of course it’s all man made, but not by everyday people like us. It’s man made by military men. And everyday folks like these:

TV (Weather Channel)= predictive programing
Weather Events= we all pay more for insurance


“Everyone saw those storms on TV”

#76 rower on 08.17.14 at 8:53 pm

Great reality post, Garth. Unfortunately, most people don’t want to face reality. We will continue on destroying the planet until we can’t. At that point, people will demand that the government do something to stop the changes. Too late, folks.

#40, thanks for the on the ground report. Climate change is so much more serious than most people think. In the east, the temps have been swinging so much towards the cooling side that hens have stopped laying as much as usual. Some plants such as squash, cucumber and peppers have blossomed, but haven’t grown fruit. It has been too cool and overcast.

It is going to be hard for people to afford rising food prices with such high mortgage payments. We haven’t seen anything yet.

To those wishing for a rise of even 1 degree, do some research on what that does to your food supply. Scary stuff.

Keep up the great writing, Garth. People need to see the whole picture.

#77 Herf on 08.17.14 at 8:54 pm

“Millennials will be the first generation in history to spend their entire adult lives dealing with an unhappy climate.”

Disagree. From the headline history in the link below, it seems every generation has had some element of misery to deal with w.r.t. climate. I recall my late mother wondering if we were facing the next ice age, back in the mid-70’s. I tend to agree with those who believe that what’s in vogue depends on which way the monetary winds are blowing (i.e. follow the money).

#78 Smoking Man on 08.17.14 at 8:55 pm

#42 Sebee on 08.17.14 at 7:39 pmSo basically live it up now before party ends.

Give me one reason why this planet needs human beings. I’m not asking for a list, just one single reason why earth needs us to be here. Would love it if Smoking Man would tell me why he and I are more important than an earth worm.

I’m from another plant, here to evaluate your spices, to let you live, or kill you all… Your about to discover technology to take you to stars.

Me and my 3 Partners are voting in Vegas in two weeks, , we look at the middle east, the tribal psychopaths on all sides. The entire human race is insane…

My partners are voting to wipe all of you out….

Me, I know your kind won’t need assistance in that department…

#79 Randy on 08.17.14 at 8:55 pm

Hey Garth…Don’t forget to remind Torontonians where their waste and sewage goes….in case they forgot.

#80 SWL1976 on 08.17.14 at 9:12 pm

Great post again Garth,

People have simply not been able to see the forest for the trees, or perhaps in todays terms, not been able to see the slash for the firewood left behind as the old growth timber was creamed.

Anyways this will affect us all, and we are all in this together

Hopefully your giant mortgage gives you the climax you were expecting after not being able to cool them hormones???

Actually if you are here reading this you are probably quite prepared for the inevitable road ahead… It’s going to be a bumpy ride

#81 BC ENVIRO STUDENT on 08.17.14 at 9:14 pm

Great post tonight Garth! It is nice to see that intelligent business persons can also be smart about climate change. Science has much evidence on this trend and economics will certainly be affected (have been) by the changes taking place. I am amazed at how many people have bought homes near flood plains with no thought about the possible consequences. Jobs, insurance, home values and security are all affected.

#82 Sebee on 08.17.14 at 9:16 pm

#77 Smoking Man

Take us with you! Just don’t ask us to drink koolaid.

While back this expert was asked to rank how important to well being of the planet various species were. He said that most likely top 50 would be insects and various bacteria. He wouldn’t even rank humans on his list. So when humanity is wiped out, we won’t be missed much. Apparently your assessment of humanity is on par with experts in the field.

#83 » The change on 08.17.14 at 9:17 pm

[…] Source: […]

#84 DG on 08.17.14 at 9:18 pm

Skeptical about anything the government has to says when it conveniently includes a tax!

How many people here old enough to remember being taught in school that we headed for the next ice age?

#85 flooder on 08.17.14 at 9:20 pm

Who woulda thought Garth was an enviro-panicker. We need a severe drop in the markets to refocus him back to his core competence.
And the flooding solution is simple……dikes(not the ones on bikes)

#86 PR on 08.17.14 at 9:26 pm

Acid rain, ice age, climate change hoter-colder, etc. I am done whit it! I am sure of one thing, nature is incridibly tough to kill.
Very bad think happen to the earth before, and after, beautiful thing came out of it. Every time!

#87 Figmund Sreaud on 08.17.14 at 9:33 pm

Hello, Garth!

Just perhaps, … we all, collectively, should give “bias” a chance? Why? Well, … here’s what a new study just said on this matter:

“Recent evidence suggests that a state of good mental health is associated with biased processing of information that supports a positively skewed view of the future. Depression, on the other hand, is associated with unbiased processing of such information.”


F.S. – here to help, … really!

#88 NostyVlad the Snugglebombed on 08.17.14 at 9:34 pm

#78 Smoking Man on 08.17.14 at 8:55 pm — “Me and my 3 Partners are voting in Vegas in two weeks, , we look at the middle east, the tribal psychopaths on all sides.”

In that case, you may as well bow out with one helluva bang — Yellowstone, Toba, Mt. St. Helens, SAF, NMF, the Cascades, Dimona and a few others.

Then we won’t have to worry about this anymore — Is Manitoba a block of ice, a country or a province?

#89 SWL1976 on 08.17.14 at 9:35 pm

I just though I would share this interesting video on Melting Ice and before all you doubters pipe up and talk about the scam of global warming carbon credits, pay attention. This video contributed to by some very smart people also mentions that there is a scam going on regarding carbon credits, but that does not dismiss the problem.

A scam is a scam and climate change is climate change

#90 Poorgeoisie on 08.17.14 at 9:39 pm

Don’t worry folks I’m starting a stick your face in mayonnaise campaign on YouTube to stop climate change. Your welcome

#91 Ronaldo on 08.17.14 at 9:41 pm

#65 TurnerNation on 08.17.14 at 8:13 pm

”Instead of spending 1 billion on the G20 meeting in Toronto, or the “1 billion” in “anti-terror” [sic] funds which was reported missing in the media …………”

You don’t really believe that money was spent on security for the G20 do you? Here is what a billion dollars looks like.

#92 bsallergy on 08.17.14 at 10:00 pm

Climate change is a politically correct term for global warming. The media doesn’t ever get anything straight let alone meteorologists and their arctic vortex. The arctic vortex is normally what keeps the cold air bottled up in the north. As the climate warms the jet stream is slowing down and the arctic vortex is breaking down. So it is likely we’ll have lots more miserable weather when a bulge of arctic air sags down and sits on us from time to time.

Waterfront property stinks of fish.

#93 Blacksheep on 08.17.14 at 10:03 pm

“And places like Canada could be massively impacted by environmental refugees.”
Garth, you’ve made an excellent case to buy RE in rainy Vancouver.

What’s that, you say It’s going to get warmer (already is) in Van, with less rainfall ? Bring it on!

I sure am glad I vulched another house in the valley last January (after 5 + yrs out). Three homes have since listed on our street and all sold in about a week each.

And yes….of course it’s all about me, as almost everyone (sept family & friends) else is on the truck list.

Besides, the planet was warming or cooling in cycles, long before man’s ancestors ever ventured from the trees.

#94 crowdedelevatorfartz on 08.17.14 at 10:08 pm

@#50 Walter Safety

Maybe not 12 islands but I dare say Mt Stewart in the east and Summerside in the west may be somewhat submerged in the coming apocalypse……… :O

#95 alan faham on 08.17.14 at 10:09 pm

More blue green algae

Health officials in Leeds, Grenville and Lanark are warning people with homes or cottages off the Upper Rideau Lake’s McNally’s Bay not to drink water from the bay after toxins were discovered.

Blue-green algae toxins, when found in high enough amounts, can cause headaches, fever, diarrhea, abdominal pain, nausea or vomiting if ingested. Skin contact can also cause rashes and mucous membrane irritation.

Residents said they suspect partially treated sewage from the nearby community of Westport could be to blame, as could heavy rainfall washing fertilizer into the water.

Residents with homes off McNally’s Bay — about 40 kilometres south of Perth, Ont., — had contacted health officials after seeing blue-green algae blooms in the lake

#96 Drill Baby Drill on 08.17.14 at 10:18 pm

Dear Pathetic blog : Ho Hum !! The earth’s climate change record speaks for itself. This is nothing new and the earth’s climate by it’s very nature (thermodymamics) is a constant balancing act. Greenland has ancient petrafied forests as an example. Garth you are really stretching on this one. Please revert back to macro and micro economic examples. The earth is changing and will always change otherwise we are really in danger if the climate was not in flux .

Just refute anything I wrote. — Garth

#97 Anson on 08.17.14 at 10:19 pm

Power outages are a real pane and living without power in an apartment building is a quick way to humble many.
It is only during times of environmental stress like the ice storm or the summer black out in T.O that people in unsustainable living situations (codo’s , big box houses with no alternative heat or electricity etc)come to the realization that they paid big money for the feeling of so called security but wtshtf they realize uncle Bill with the 1200 ft house with a wood stove and a generator is not so slow after all and at that moment and let me stress moment… they see clearley and realize that they have been sold a dream(and not for cheap).
Unsustainable real estate in my view will be worth a lot less in the future..smaller more energy efficient housing with back up power is already catching on were I live I mean hydro is going up 50 percent over next 5 years and gas is $1.40l so you can fight the future and struggle or change with it and adapt and still live well wile others around you drive big trucks and complain about gas prices and the same ones live in these big box useless big energy sucking houses and complain about their hydro bill ..I could go on…..
it’s all about making the right choices in a changing environment of frequent storms rising energy, taxes and basically the cost of living.

#98 Burnaby Boy on 08.17.14 at 10:20 pm

Regarding ice storms is it not time the overhead wires and cables were buried as in other countries?

#99 crowdedelevatorfartz on 08.17.14 at 10:26 pm

@#75 everyone………..

OMG ! You’re my co-worker!
Gaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa !

#100 JimH on 08.17.14 at 10:26 pm

Wow! What if climate change really is a hoax? As others have pointed out much more eloquently, that would mean that we might go to all the trouble and waste of making our cities more livable, making the air that our children and grandchildren breathe cleaner and healthier, restoring or our rivers and lakes with sustainable ecosystems and full of fish we can actually eat, of preserving the ecosystems of the rainforests and their biodiversity for future generations, advancing the use and efficiency of renewables and lowering our dependence on fossil fuels, establishing a global values-based consensus and vision for the betterment of all humans through mutual cooperation and trust; and finally, in the broadest sense, creating a better world for all.

Geeze… and climate change turns out to be a hoax…

And we did all this… For nothing!

#101 Smoking Man on 08.17.14 at 10:27 pm

When it comes to the whole man made climate change narrative..

If your a slimy bastard, and figure out a way to make out like a bandit on this advert…. I bow to you…

If your a schooled idiot that wants to give up everything, I laugh at you…

#102 Terry on 08.17.14 at 10:27 pm

Holy cow Garth you too? What gives with climbing on board with the climate change lies??? The climate has been changing for millions of years on it own and has nothing to do with human activity!!! I expected better of you and I expected that you wouldn’t be so gullible to get hoodwinked so easily by what a “for profit” bunch of people and scientist’s have to say.

Attacking me is a waste of time. Tell me where my post erred. — Garth

#103 prairie person on 08.17.14 at 10:29 pm

The future of Toronto’s towers?
ATLANTIC CITY, N.J. — Before summer ends, Revel, Trump Plaza, the Showboat and the Atlantic Club will be shuttered ex-casinos, leaving Atlantic City officials looking for a way to avoid having dark, empty shells on its signature Boardwalk.

Read more:

#104 crowdedelevatorfartz on 08.17.14 at 10:30 pm

@#98 Burnaby Boy
“Regarding ice storms is it not time the overhead wires and cables were buried as in other countries?”

That would involve intelligence and foresite and we ARE talking about BC Hydro …… a govt agency.

#105 First Time Poster on 08.17.14 at 10:32 pm

#40 kc on 08.17.14 at 7:31 pm

Amen KC! Just follow the money and you have motive – its yet another reason to dip your hand in your pocket and call it a “carbon tax”.

George Carlin said it best:

#106 Sheane Wallace on 08.17.14 at 10:32 pm

The biggest problems we face are peak oil and demise of the dollar.
Climate change is a hoax. The sun is much bigger factor in ‘global warming’ than human activity.
Al Gore is an opportunist and a liar.

But pollution is not a hoax, it is a big problem.
Lack of water in America is not a bad thing, frankly speaking the world would be much better place without us,

#107 Sheane Wallace on 08.17.14 at 10:34 pm

I will support any globalist agenda that includes BRICS and Germany. Any.

#108 JacqueShellacque on 08.17.14 at 10:42 pm

It’s your blog and all, but I’m surprised you’d dip your toes into the “climate change” swamp Garth. A little googling could’ve produced a chart showing there’s been no “global warming” in almost 2 decades. Anyhoo the enviro-set has it backwards. The climate isn’t really what’s changing – it’s always both amazed and vexed us in ways that’ll keep us on our toes, and will continue to do so. The real question is how homo sapiens will adjust. The planet will be fine, it’s the people we need to worry about. When it isn’t completely hypocritical (like Al Gore’s massive carbon footprint or David Suzuki and his 5 kids), contemporary environmentalism is really nothing more than a moralizing judgment on that which they find aesthetically unappealing. Those who wax apocalyptic on cars, planes, and factories are really no different from puritans who’ve always wanted to control other peoples’ private pleasure and search for a good life. No lettuce from Cali in the future you say? I’ll just be removing some other garnish from my burgers then. Dystopianism is either the fantasy of tyrants, or the result of tyranny. Either way I think it’s beneath you.

I know. It’s all about your burger. What was I thinking? — Garth

#109 ottawa on 08.17.14 at 10:44 pm

Over the near term, hard to see a strong R.E. connection but gutsy post.

How anyone can look at available information and conclude that it is a widespread scam implicating 90+% of worldwide climate scientists while overlooking the vested interests, and funding, of multi billion dollar polluting industries is baffling.

#110 james on 08.17.14 at 10:44 pm

I find it funny that people who doubt climate change write off issues like the drought in California.

One does not have to believe in man-made climate change to worry about the consequence of massive drought in North America’s breadbasket. Even if it is just a natural (non-human) phenomenon, it spells big trouble.

#111 Santa Claus on 08.17.14 at 10:58 pm

Excellent work Garth.

#112 NotAGreaterFool on 08.17.14 at 11:00 pm

I have been in current address for 8 months and have been contacted (via phone) by CMCH twice. Odd because never before was I contacted. On both occasions I was happy to participate in their survey. With respect to CMCH’s reporting/analytics, I much rather be part of the solution than the problem. Seems to me they are taking an ass kicking in the media recently and their new Leadership is seeking for answers.

#113 Smudgekin on 08.17.14 at 11:04 pm

Thank you Richard Nixon (the good, the bad & he was ugly), for the EPA.

#114 Ontario's Left Coast on 08.17.14 at 11:06 pm

Wow, all the crazies are out tonight, and even Smokey finally admitted that he’s here to evaluate our spices. Politics, religion and the environment always bring out the worst in people.

#115 AisA on 08.17.14 at 11:09 pm

The real pagans will be the one’s who remember seasons. 20 years from now there will be a bring back spring tax, followed by a bring back summer tax, followed by a bring back Autumn tax, followed by a bring back winter tax, interspersed with funding drives to solve the mystery of why the climate keeps changing every year. Nuclear face-palm doublethink.

I see no reason that keeping actual poisons out of waterways and air streams has anything to do with the fallacious threat of carbon dioxide. End massive suffering on the earth now, allow African countries to burn coal, generate electricity, and industrialize.

The ice age will swallow us whole before we reach anything close to the weather the Dino’s got to enjoy.

#116 Millmech on 08.17.14 at 11:12 pm

One word Fukushima

#117 Retired Boomer - WI on 08.17.14 at 11:25 pm

There appear to be NO “errors” in tonight’s post. Any allegations of “error” are incorrect.

While each may possess an “opinion” on climate change, the post is factual. You are entitled to do nothing, do something, react to changes inflicted upon you be they from nature, or elected government. You can be pro-active, or reactive. You may invest in a solution, or spend for a solution. You can continue to purchase goods from an industrial wasteland, or develop the structures to prevent it. People the choices of action, or inaction the knowledge of change history, or using Montecarlo modeling for investments, and climate science is entirely yours.

Climate changes used to move rather slowly, sometimes taking eons, but maybe not this time.

We could use some chlorine in the gene pool, no?

#118 wallflower on 08.17.14 at 11:27 pm

lotta kooky posts tonight – comments on a few:

TurnerNation – I think the top of your head is missing the top of its head – and that ‘beheading’ was more of an ‘eating’ which was the part that makes the fact that he is walking around as a free man the shocker (beheading seems to be a fairly routine thing amongst humans around this planet)

Beijing – it’s the smog that is directly correlated to the water rising

Macrath – not kooky – I did not know – guess that makes Victoria, which dumps into the ocean (salt and vast) much less offensive

BC ENVIRO STUDENT – flood plains? nobody pays any attention to anything beyond the driveway – Stouffville in Ontario just exploded in cookie cutter neighbourhoods all around the proposed international airport – ha! can you hear them screaming when it gets built? and that is entirely MAN MADE and predictable!!

#119 Doug in London on 08.17.14 at 11:32 pm

Like many other commenters here, I also think this post is very good. Most economists think that the economy and environmental issues (including climate change) are two different issues that are at most in conflict with each other and that’s the end of it. Garth is one of a very small minority who sees the big picture and understands that climate change is a serious issue wich WILL have economic consequences, in fact it’s already happening now. Given the bad track record of most governments actually making serious efforts to deal with this problem, expect it to get worse. Also expect taxes to go higher to pay for damages to infrastructure by extreme weather events. Any ideas of what kinds of investments (if any) will do well in this world that’s coming?

#120 Doug in London on 08.17.14 at 11:43 pm

@Burnaby Boy, post #98:
In cities a lot of newer distribution lines (13 KV and 27 KV) are buried. To bury all distribution lines, including those long 44KV rural feeders, as well as higher voltage transmission lines, would cost an astronomical amount of money. Are you willing to pay $1.00 per kilowatt-hour to pay for it all? It would be much cheaper to buy yourself a backup generator.

#121 treading water on 08.17.14 at 11:43 pm

lol….a trendy flood plain…..that’s a good one….property values in the trendy flood plains will be totally devastated sooner than we think….one winter storm in victoria where water sloshes over beach drive onto the lawns will devalue real estate here forever.

#122 Anson on 08.17.14 at 11:46 pm

#106 James
That’s the problem today James people do not care or even give the slightest thought regarding matters of such importance like the changing weather until it has impacted them directly.
Just remember the next time you are all cozy in your home watching some poor displaced familly crying on tv that just lost everything that this tragic situation can and may happen to you.
There is no denying that the weather is getting more extreme.. yes here in Canada ..and yes I could not beleive my eyes when I saw fellow Canadian’s displaced due to the flooding out west.
Wow….one day instead of turning on the news to see the next dissaster one may just need to open their blinds

#123 Obvious Truth on 08.17.14 at 11:51 pm

The evidence of climate change has been discussed by scientist for several decades now. Not just made up recently to explain some current anomalies. It’s cumulative and ongoing. You can’t make this stuff up.

Was telling my kids about David Suzuki and the late Bob Hunter just a couple weeks ago. Also about Our Common Future. The change in our oceans isn’t going away. Change in ocean currents and winds is probably inevitable. Low lying areas are clearly most vulnerable.

Great post.

#124 OttawaScott on 08.17.14 at 11:52 pm

When are you coming out with The Greater Foolish App? Just saying it’s about time.

#125 Frustrated Kiwi on 08.17.14 at 11:54 pm

Great post Garth. Interesting to see you immediately attacked for saying that climate change is man-made, when actually you expressed no opinion on the matter. You showed a graph showing average temperatures have gone up by 2 degrees and are projected to continue to rise. Seems pretty clear. Then there are people above saying “climate change is natural.” So is hemlock, but I’m not going to start eating it. Average temperatures have been going up and the smart money is on it continuing. Not sure why that is so hard for some people to grasp.

#126 chapter 9 on 08.18.14 at 12:02 am

#116 Millmech
We should fear the worst from Fukushima

#127 TakingResponsibility on 08.18.14 at 12:03 am

Multiple lakes in Alberta that have health warnings re: algae:

Good post, Garth.

Anyone who understands climate change no longer even attempts to educate those who are unwilling to even listen. Funny, it’s usually those who are fundamentally religiously right – you know, the ones who are waiting for The Rapture – who are so rigidly unwilling to comprehend…!

And….am sure surprised and disappointed to read the misspelled gobbled-gook coming from commenters whom are usually very articulate and ‘rational’ in their responses…. Reactionary assertions asserting climate change is a lie whilst stamping ones foot (or using all caps with many grammatical mistakes) is simply that – emotionally reactionary.

Water is valuable. You need water.

#128 Joe on 08.18.14 at 12:06 am

The race to stop Las Vegas from running dry

#129 admirer on 08.18.14 at 12:09 am

It’s one thing to ruffle feathers of real estate worshippers, but to address the biggest threat we are facing on a global scale amongst vehement deniers that are surely circling financially conservative fraternities – it requires a new level of tenacity.

Your forthright disbursement of truth and effortless eloquence is why I read this pathetic blog every day.

#130 blobby on 08.18.14 at 12:15 am

Garth.. Must say its nice to see a (former) tory who is actually willing to look at evidence and take this seriously.. Most seem to think short term alberta profits trump everything!

You only have to look at these comments.. Blows my mind

Apparently someone at fox news is more trustworthy than scientists..

#131 earlybird on 08.18.14 at 12:15 am

Never put much thought into the environment and real estate…interesting, as it is now a factor along Cowtown’s/High River waterways.

#132 Financial Freedom at 40 on 08.18.14 at 12:18 am

It’s simplistic, rather than scientific, but what I experience and see first hand leaves an impression.

The 2003 eastern seaboard blackout was one thing. Memorable stairway climbs to/from top floors of a skyscraper. Cars running out of gas. To quote Hilary ‘blame Canada’.

Summer 2013 driving under a railway bridge through window-high flood water. No power or A/C for 3 sweltering days. Condo stairway climbing Olympics again. Blue green algae blooms in Lake Simcoe shutting down resort areas where we escape to (nasty stuff). Winter 2014, 7 days without heat, light or ability to cook or thaw anything to eat. Ice laden branches crashing through roofs. So weary of emptying rotten food out of fridges and being a couch surfing refugee. The only odd thing this summer so far has been hail storms of ice in August, and smelly weed-clouded lakes in Muskoka that ‘weren’t like that when I was a kid’. Bracing for a memorable 2015.

Considering the age, disrepair and vulnerability of our core infrastructure, I do think about the ‘weather risks’, a lot lately. Personally been hard to ignore. Since apparently we don’t (a) believe it (b) don’t think it’s our responsibility, what concerns me most is (c) we aren’t prepared for it.

Reserve a couch spot for me…

#133 PeterfromCalgary on 08.18.14 at 12:21 am

Global warming is a scam to get research grants . Garth needs to research climategate.

#134 Setting the Record Straight on 08.18.14 at 12:22 am

“′Gaia′ scientist James Lovelock: I was ′alarmist′ about climate change – By Ian Johnston, “James Lovelock, the maverick scientist who became a guru to the environmental movement with his “Gaia” theory of the Earth as a single organism, has admitted to being “alarmist” about climate change and says other environmental commentators, such as Al Gore, were too …”. Published 23 April 2012.


#135 Cici on 08.18.14 at 12:29 am

Excellent blog Garth, thank you for bringing up this very important topic. I think you are 100% right, and my hunch for quite awhile has been that much of the condo oversupply will eventually (probably sooner than later) absorbed by environmental refugees.

It’s a shame what we’ve done to this planet; unfortunately for us, the war against nature is one war humanity is destined to lose.

#136 Earth first! on 08.18.14 at 12:31 am

We’ll log the other planets later!

(bumper sticker spotted in Lake cowichan BC)

#137 Dr. Mark Moron CHMC on 08.18.14 at 12:43 am

Wow! Not surprising really but so many completely ignorant comments. Then there is Mark who some how despite the topic thinks he should leave it alone and proceed with his rediculous hysteria about CHMC that ignores the facts. About three quarters of you people should seriously consider immeadiate professional intevention. Some of you ALMOST make Smoking Fool look smart.

Some of you folks should be locked in a 400 square foot condo with a dead bolt that can only be opened from the outside to argue your nonsenical conspicacy theories among each other so it’s not spread to other weak minded people. Sheesh!

#138 Setting the Record Straight on 08.18.14 at 12:49 am

I find it funny that people who doubt climate change write off issues like the drought in California.

One does not have to believe in man-made climate change to worry about the consequence of massive drought in North America’s breadbasket. Even if it is just a natural (non-human) phenomenon, it spells big trouble.

How can you ignore my earlier post delineating the history of drought in California sometimes lasting decades? These droughts happened long before the steam engine was an object of Watt’s affection.

If you believe that there will be a catastrophic warming caused by human activity, you are likely to do all the wrong things.

#139 Jon B on 08.18.14 at 12:58 am

Hot potatoe this one GT. There is little doubt the climate is changing. How politicians and big business spin the data to further their agendas is what really worries me. The carbon tax was an early hint that climate change presents lucrative economic opportunities for tax authorities. I loathe the fear mongering that surrounds the issue.

#140 SurreyMom on 08.18.14 at 1:01 am

Why do you think Harper pulled out of Kyoto and has torpedoed every international environmental effort since?
Canada will benefit from climate change as their land becomes more and more productive with the warmer temperatures. We’ll lose the polar bears but gain world dominance with food production. There will be winners as well as losers in the coming climate change. Seems we will be a net winner.

#141 Highlander on 08.18.14 at 1:14 am

Every taxpayer in Canada will be financially responsible for “the change”. Money will be needed to fix the locks on the St. Lawrence Seaway, beef up the dykes in Ditchmond, and re-locate people from Churchill and St. John’s. That’s when we will need to let more environmental refugees to come here to prop up the entitlement and tax systems. The change is too huge to fathom (pun intended), even for many of the scientists fired by Harpo.

#142 Banjo on 08.18.14 at 1:18 am

It’s pretty tough to look around you at the change we’ve all effected and deny it’s impact on the world we live in.

I’m no alarmist environmental nutjob but I mean come on, if you think none of the things we’re doing has any effects? Maybe you’re just a little too sure of yourselves.

Saying we’re having no negative effect on the planet is like saying smoking everyday for a lifetime is good for you. We know too much to go back to that level of ignorance in both instances.

We could do a lot better, it’s just a matter of how far we go before we care enough to do anything, by choice or force of no choice.

#143 Debtfree on 08.18.14 at 1:24 am

Note to Garth . Don’t mention plate tectonics or anything that can be with empirical proof , proven , plotted on graphs that only the deluded can deny .
Young men plant radishes , old men plant trees .

#144 Basil Fawlty on 08.18.14 at 1:40 am

Thanks for writing this Garth.

#145 Future Expatriate on 08.18.14 at 1:40 am

Ach, ’tis good to be auld.

Thanks Garth!

#146 crowdedelevatorfartz on 08.18.14 at 1:42 am

@#114 Ontario’s left coast

You forgot “money” or better yet, the LACK of money. That tends to bring out the “best” in people….
Something we will get to see when interest rates rise and foreclosures spike up……
Banks are soooooo understanding about nonpayment.

#147 Tom from Missisauga on 08.18.14 at 1:59 am

Couple of my hockey buddies are dealing with flooded basements right now in Burlington.

#148 Nemesis on 08.18.14 at 2:02 am

#WhereWillYouBe? #TheDayAfterTomorrow.

#149 NEVER GIVE UP on 08.18.14 at 2:03 am

Weather is random and unpredictable.
It is extreme and cyclical.
A life without Oil is both brutal and short.
There will be no plastics for hospitals, no ambulances, no food choices, no imported food or anything imported for that matter.
We will be back to tilling the soil with plows hooked on to beasts of burden. Won’t that excite the animal activists!
Life expectancy will drop back to age 40.
If you ever wondered how much work a gallon of gas does for you, then fill up your car with only one gallon and drive it until it runs out of gas. Then promptly get out and push your car back to where you started from.

#150 Call me a denier...go me on 08.18.14 at 2:05 am

“climate change is now responsible for drought”

Bwahahahahahahahahahahaha……last year it was ‘global warming’…..before that it was ‘global cooling’……..what bathwater nonsense. ….what kool aid of the tax collectors…….what a dupe of ‘the world government’…..

And you’re probably sure carbon dioxide ( the stuff we exhale) is endangering the planet…instead in truth plants grow faster and produce more food at a rate of 1.4 times when induced by only small amounts. So what to do G…..start killing the humans?

How could an intelligent man like you swill so much garbage? The truth is out there buddy…you just have to do your own research and stop clapping like a trained seal when the magic words are called out.

I’ll bet a dollar you can’t name a single one of the ‘99% of the climate scientists’ who have ‘proven climate change…global warming…global cooling…woops…running out of BS.

#151 Call me a denier...go me on 08.18.14 at 2:07 am

Climate Change …………boo !!!!


#152 NEVER GIVE UP on 08.18.14 at 2:12 am

#110 James
Through studies of tree rings, sediment and other natural evidence, researchers have documented multiple droughts in California that lasted 10 or 20 years in a row during the past 1,000 years — compared to the mere three-year duration of the current dry spell. The two most severe megadroughts make the Dust Bowl of the 1930s look tame: a 240-year-long drought that started in 850 and, 50 years after the conclusion of that one, another that stretched at least 180 years.

Weather is cyclical and random. Way more random than humans can remember.

#153 cynically on 08.18.14 at 2:34 am

Off the subject but a great article in New York magazine, June 30–July 13, 2014 by Andrew Rice entitled New York Real Estate Is the New Swiss Bank Account. Foreigners are flooding the market to stash, hide, and sometimes launder their money.
The heading is STASH PAD – The New York real-estate market is now the premier destination for wealthy foreigners with rubles, yuan, and dollars to hide.

The prices run up to over 90 million for one penthouse in the priciest building and in another, yet to be built, will start at 27 million and run up to well over 100 million.
Interestingly the Census Bureau estimates that in some areas 30 per cent of all apartments are vacant at least ten months of the year but most interesting New York’s prices are not as high as Hong Kong or Monaco and with taxes factored in, cheaper than London.

#154 NEVER GIVE UP on 08.18.14 at 2:51 am

Good hearted well intentioned people latch on to ideas and never let go even when there is no science to back it up.
When I was a smoker in the 70’s I remember reading an article at the height of the anti-smoking hysteria of the day that said “second hand smoke was more dangerous than actually smoking”.
It was a heading to a medium sized article in the Edmonton Journal if I remember correctly.
After that I always told the “in your face smoking police”
that I smoke because it is safer than breathing second hand smoke!
The above is an example of how out of control the media can get when they truly believe something and want to change the world.
As with the phoney cholesterol campaign, the Climate change scientists need to pay their mortgages and feed their families so they perform “studies” and “papers” that say what their benefactors want them to say. If they don’t funding dries up and we all know that the money trumps everything.
In the cholesterol campaign the “Journals” that publish the phoney weak science papers, make their living from the $30.00 for every paper that gets downloaded from their site.
If they reject phoney papers that have conclusions that do not have any science within the body of the study then the Drug Companies who finance the papers will not submit any more papers to the “Journal” and it will be starved of funds and “Prestige”.

Seriously there are so many Quacks in the science world from David Suzuki to Pons and Fleischmann. You truly cannot trust what you are reading any more.

Just say no to Statin Drugs.
Cholesterol is proven to be good for you. The more Cholesterol you have the longer your life.

Read Uffe Ravinskovs books. He was the original sceptic. Within a few years the truth will likely be widespread. A generation of people have paid for useless drugs that harm them.

#155 A Yank in BC on 08.18.14 at 2:55 am

Attention all blog dogs. Do not attempt to adjust your set. Normal programming will resume tomorrow.

#156 betamax on 08.18.14 at 3:49 am

#108: “A little googling could’ve produced a chart showing there’s been no “global warming” ”

A little googling is a dangerous thing.

Global warming is a measurable fact. The only debate remaining is the cause — i.e. natural variance vs. man-made disaster. (It’s not much of a debate, but the conspiracy nuts have to cling to something.)

I don’t care: I’ll be long dead before global warming becomes a catastrophe. Crank up the AC, I’m hot now.

#157 Anything you can do, we can do better ... on 08.18.14 at 3:58 am

One of the reasons why property in Australia is unaffordable to the average person on the average salary is that pension funds (“super funds” in Australia have been allowed to invest in property, bidding up prices, with August 2013 changes to the law enabling self managed superannuation funds (SMSFs) to invest in leveraged property. And, of course, property sales profits are tax free.

Now, a study has found that “SMSFs are accumulating too much property debt, which poses a major risk to Australia’s financial system.” (Source:

Some scary facts:

– The use of leverage in superannuation funds to finance asset purchases is embryonic but growing. The proportion of SMSFs with borrowings increased from 1.1 per cent in 2008 to 3.7 per cent in 2012. The average amount borrowed increased over this period from $122,000 to $357,000.
– Total borrowings in 2012 were over $6.2 billion. More recently, Investment Trends research found that, over the year to April 2014, the number of SMSFs using geared products increased by more than 11 per cent to 38,000…
– The study concludes: If allowed to continue, growth in direct leverage by superannuation funds, although embryonic, may create vulnerabilities for the superannuation and financial systems.”
– Already, cases have emerged whereby SMSFs are facing collapse due to leveraged property deals that have gone wrong. Last month, The AFR reported several cases of collapses of over-leveraged SMSF schemes that invested in off-the-plan apartments, fueled by generous incentives offered on apartment sales by developers to unauthorised and unqualified financial and property advisers that recommend their projects.
– From a report in Business Day: “Advisers recommending self-managed super funds claim they are being bombarded by property developers with offers of up to 20 per cent commissions, top-up bonuses and other special cash incentives to encourage the super investors to buy off-the-plan apartments.” (Does this sound familiar?)

Finally, (from:
The dangers of leveraging super savings were again stressed in the FSI interim report, a high-level review by some of the nation’s best and most experienced financial brains.
“Leverage (or borrowing) should not be a core focus of SMSFs – or any superannuation
fund – and is inconsistent with Australia’s retirement income policy,” the report said. But that’s not stopping thousands of investors committing hundreds of millions of dollars a week into what are often highly speculative investments that could turn their savings into squalor.”

Pensioners and those who are moving towards retirement are thus chasing yield by using their pension funds to buy highly leveraged property investments. What could possibly go wrong?

Still, this is understandable, since interest rate repression has robbed savers of any income (after tax and inflation). No wonder the median Sydney house price is $650,000.

Australia, like Canada, dodged a bullet in 2007, when our resource riches allowed us to sit out the recession. But instead of using the opportunity to deleverage, we simply ascribed our good fortune to a sincere if mistaken belief that “we are different”. Since then we have been piling leverage on leverage, and while incomes have stagnated and employment risen (currently 6.4%, higher than the US), our property prices have gone – and continue to go – to the moon.

So please don’t think it’s just you Canadians who are wonderfully different. We Australians, too, are different.

#158 drydock on 08.18.14 at 4:05 am

A video on what a hurricane and changing economics can do to a hot resort property on a beach in the Cayman’s.
But it’s different here, right?

#159 Anything you can do ... quick follow-up on 08.18.14 at 4:34 am

Sydney median property price is $650,000 according to However, according to other sources, it is more than $800,000.

See, for example:


Who to believe? I don’t know. If you think the property statistics released by Canadian realtors are obtuse, contradictory, and confusing, you should try the stats downunder.

At any rate, here’s an interesting quote from the second source:

“On Saturday Shaun Stoker from Ray White Surry Hills sold a one-bedroom, single-level terrace with no parking in Erskineville to a first home buyer couple for $812,000.”

And who needs to work, for a living when …

“The principal of Belle Property Manly, Brendan Essery, has been amazed by the level of investor activity, particularly in Dee Why, Collaroy and Freshwater.

‘The majority of the properties that we are selling are going to investors and people using their self-managed super funds,’ he said.

‘We’ve sold two properties in the past two weeks to investors that have gone for $100,000 more than they sold for a year ago.’

Ah, Australia and Canada, whither one goes, the other is sure to follow …

#160 sierts on 08.18.14 at 4:53 am

Attacking me is a waste of time. Tell me where my post erred. — Garth


i think, you erred in the basics.
higher temperature gives the air the ability to transport more water. so more rain produced.
higher co2 gives the plants more food.
in my opinion this should result in more food for humanity.
about the question if our current climate changes are man made…
roughly about AD1000 there was a warmer (than now) time in europe. (with benefits to european humanity)
how did our forefathers produce that one?
the north and south american plains were covered by sea once. – a clear sign, that less continental ice and higher temperatures are well within natural temperature fluctuations.
(this is the short version of my abbreviated ramblings about this topic)

#161 Milennial Rantings on 08.18.14 at 5:48 am

The 18-25yr age group of Milennials are facing the hardest times. Many of our female peers strive to work for HR and .gov because of collusion in the labour market, and when they need money for a new Louie handbag she posts pictures of her buttocks on BackPage for a sugar daddy.

What does this leave us 18-25yr old men? Higher unemployment prospects due to a rigged labour market and de-industrialization, a rigged dating scene where 85% of the Canadian females are having intercourse with the 10% of alpha-males and wealthy men, and of course, a higher risk of divorce if we ever marry these empowered millenial women and take a huge mortgage.

Al Gore’s ice cap hysteria is the least of the Millennials worries. Divorce, unemployment, asset confiscation and basement dwelling male adults are the current problem. Time for the government to bring back manufacturing to Canada.

#162 Sydneysider on 08.18.14 at 6:29 am

Climate is a local phenomenon, which should be remembered if you want to assign causality to climate. Otherwise you fall into the ecological fallacy. Take a look at the SF historical temperatures: Not much of a trend there, more like an undulation. Don’t take my word for it – do a Fourier transformation on the data.

The data graph I provided or California in totality would be more telling than one coastal city, I’d imagine. But then, after doing three or four Fourier transformations already this morning, I’m weary. — Garth

#163 Detalumis on 08.18.14 at 7:07 am

The water temperature in Lake Erie isn’t like a “bathtub” this summer by the way, it’s 4 degrees colder than normal.

#25 I am sick and tired of hearing about raise the price of hydro, gas, tolls to curtail usage. So my millionaire brother-in-law can have his family wear tank tops and shorts in January and drive SUVs and fly everywhere on vacation while they make their millions in guess what – the fake green energy business.

If there is this big crisis than bring on 1940-land and have RATIONING. We all get so much gas and so much hydro then the lights go out. We can all learn to car pool or take the bus and share cabs. In places like Buffalo you routinely have seniors die of heatstroke each summer because they are afraid to turn on the air conditioning. It’s about time the 1% crowd can’t turn on theirs either.

#164 Shout out to the plumber on 08.18.14 at 7:52 am

In an interview with George Stoumboulopoulos in 2011, (after discussing the economic crash and real estate), Garth said that people need to become more self-reliant. This is not a new message from him. Garth’s blog is about freedom and self-reliance, which can be different than amassing large amounts of money and assets.

#165 Down and Out on 08.18.14 at 8:10 am

Your research team forgot to mention no sewage treatment plant takes all if any phosphorus out of its waste water from the population because the cost and technology is expensive, so lets pick on the farmer which is a simple and good solution to control fertilizer and runoff but no cure from the biggest supplier of phosphorus which is the cities, hipsters included . Infrastructure anyone.

Check out agricultural land use in Ohio, vs urban pop. — Garth

#166 TurnerNation on 08.18.14 at 8:22 am

Hey let’s throw on a ‘carbon tax’, a movement tax, a and jack the price of utilities and make it an even 50% of our income spent on 1001 taxes.

Remember we are living in a pyramid. Elites run the global drug/weapons/oil/human smuggling rings. At the bottom of the pyramid we fund their endevours. Crowd funding!
“This massive shift in tax burden from corporations to individuals is the reason that Canadians are spending more on taxes than food, shelter and clothing and why most of us feel that we are going backwards rather than forward in terms of our disposable incomes.”

Dealing with climactic changes does not need to equate to more tax. There are other ways to modify illogical human behaviour. — Garth

#167 2CntsCdn on 08.18.14 at 8:49 am

God!!! … Is it me or is it always something?

It’s you. — Garth

#168 Prairieboy43 on 08.18.14 at 9:04 am

There are two sides to a coin. Until we develop empathy and understand another persons viewpoint, from there perspective. You cannot pass judgement.

#169 crowdedelevatorfartz on 08.18.14 at 9:08 am

@#161 Millenial Rantings

Time to reduce your electronic “footprint” and change your moniker to “Rantings”…….’cause its all about the environment.

#170 Cow Man on 08.18.14 at 9:14 am

# 165 Down And Out

You are so correct. Garth has his target misplaced. Farmers grow what the market demands. The consumer demands high phosphorous input crops. The farmer complies. If people demanded electric cars the auto makers would provide them. The question then would be how to dispose of the spent lithium batteries. Would it be the auto makers fault or the consumers’?

Actually the culprit is US legislation regarding ethanol which resulted in over-planting (because of market forces) of that evil weed, corn. — Garth

#171 };-) aka Devil's Advocate on 08.18.14 at 9:17 am

#43 Sebee on 08.17.14 at 7:39 pm

So basically live it up now before party ends.

Give me one reason why this planet needs human beings. I’m not asking for a list, just one single reason why earth needs us to be here. Would love it if Smoking Man would tell me why he and I are more important than an earth worm.

Well put.

To all others; “It is intellectually dishonest to speak about environmentalism (or the curtailing of increasing land prices for that matter) without discussing population control.” -Dr. Albert Bartlett

#172 Anson on 08.18.14 at 9:17 am

#140 Surrey mom
This is exactley the ignorant mind set we have to move away from , come on do you really believe there will be winners and losers regarding climate change or regarding the rise in inflation and taxes. Yes some will be impacted more than others but we will all be negatively impacted one way or another.
Unfortunatley people like surrey mom beleive in their mind that some how she will be insulated from this and that bad things happen to other people.
Wake up and stop being so smug and remember that the weather can effect you no matter where you live.
P.S Ever notice that the majority of climate change debunkers live out west. I guess when a country becomes so reliant on the oil industry because we don’t produce anything anymore we will sell our envirornment and our kids future cause we gotta work.
But it is only looking back that one may realize that all that work was for nothing because a natural dissaster wiped you out…o no my insurance doesnt cover natural dissasters ..I worked so hard all my money was tied up in an asset that was not even insured against natural dissasters…what was i thinking?

#173 Barry in Pickering on 08.18.14 at 9:17 am

Good grief. Poorly sourced article garth. If you find a good govt source, such as the US national Climatic Data Center, you will discover that 2014 is the coldest year for temps in the US since 1993!

Let me introduce you to the people in the govt that actually measure temperatures…

“The contiguous U.S. average temperature for the first seven months of 2014 was 51.3°F, near the 20th century average but also the coldest first seven months of any year since 1993.”

A convenient myth among deniers is that warming trends are universal. Of course they’re not. Changes in ocean currents, for example, can severely warm or cool a region, regardless of a global outcome. The ice cube that was North America last winter will, of course, reduce average annual temps. — Garth

#174 Dupcheck on 08.18.14 at 9:38 am

Nice article. An eye opener for the future.

#175 Yanniel on 08.18.14 at 9:49 am

S&P Downgrades Teranet to BBB, Trend Revised to Stable

S&P announced today it downgraded Teranet Inc. to BBB on weak operating performance and withdrew the rating, and that it now rates Teranet
Holdings LP BBB with a stable outlook. The rating agency noted: “The downgrade reflects our expectation that Teranet’s credit measures will be
consistent with a “highly leveraged” financial risk profile over the next few years.” S&P went on to state that it forecasts the company’s
“adjusted FFO interest coverage – a key credit measure we use to assess Teranet – to be below 2x over the next few years, with
contemporaneously low FFO-to-debt of less than 5%.” The rating agency asserted that these expected credit metrics prompted it to revise
Teranet’s financial risk profile to “highly leverage” from “aggressive,” which is what precipitated the downgrade. More specifically, S&P
believes that tepid refinancing activity in recent years, mortgage rule changes and structural changes in the composition of the parcel base
have combined to keep the company’s registration activity rate below expectations. In commenting on the stable outlook, the rating agency
observed it “reflects our expectation that modest registration volume growth combined with incremental earnings from the Manitoba registry
acquisition should support Standard & Poor’s adjusted funds-from-operations (FFO) interest coverage of more than 1.7x and FFO-to-debt of 2-5%
in the next few years.”
Our View:
Similar to DBRS’ downgrade of Teranet earlier this year, we are not surprised by S&P’s move given the Negative outlook that was previously in
place. Toward this end, we noted yesterday in our comment on Teranet’s weak Q2/14 results that we awaited such a decision from S&P.
We viewed Teranet’s Q2/14 financial and operating results as negative from a corporate debt perspective, as weakness in the company’s Ontario
operations continued into Q2/14 due to ongoing cautiousness in that province’s real estate market. On the one hand, we remain hopeful that
relative firmness in real estate pricing, as well as supportive mortgage rates and the passage of time since regulatory changes affected the
industry, will help Teranet’s operating and financial performance to experience ongoing improvement. On the other hand, challenging economic
conditions and uncertainty in the global environment are causing potential real estate market participants to tread carefully.

#176 ottawa on 08.18.14 at 9:52 am

More fuel, with a focus on economic costs:

#177 Big Al (New) on 08.18.14 at 10:13 am

It really is a race to the bottom with the question being which one will get us first Peak Oil or Climate Change.

“Many years ago, I learned from one of our diplomats in China that one of the principal Chinese curses heaped upon an enemy is, ‘May you live in an interesting age.'” “Surely”, he said, “no age has been more fraught with insecurity than our own present time.”

Interesting age indeed.

#178 Van Isle Renter on 08.18.14 at 10:15 am

Very disappointed Garth. I’ve never been censored by you before. All I did was point out that the temperature record shows no warming in the past 17 years and 10 months, making the whole CO2 -climate change connection untenable. Recent research shows that the sun is the main driver of climate change.

Unfortunately, there is a growing movement in the MSM towards censoring anyone who question the “science of CO2”. I didn’t expect to see you added to the list of people who super-super believe that climate never changed until after WWII, but that is the position that you find yourself in. 3.6 billion years of geological history may disagree with you, but hey, it’s just rocks.

Don’t insult me personally = get published. Simple. — Garth

#179 Ret on 08.18.14 at 10:18 am

IThe problem with urban flooding, IMHO, is not global warming. Sewers have been around for over a hundred years and are not exactly rocket science.

When municipalities keep adding more and more subdivisions to existing storm and sanitary sewers designed and built in the 60’s, the inevitable happens.

When huge malls are built without storm water containment provisions and the water is drained from large rooftop and parking lot areas, the flooding that results is not due to global warming or even the evil Stephen Harper.

Hamilton keeps experiencing a 100 year flood about every three years. How does that happen?

Burlington residents are the latest victims, not of global warming or urban sprawl, but of deficient engineering and developer greed. Residents are now finding out about the weasel clauses in their home owners insurance policies.

(I personally toured much of the Burlington last week. As you get closer to the lake, a greater number of homes were flooded. As you travel north (and to higher ground) from the lake to Dundas, fewer homes were affected. Very strange as to who got flooded. In Centennial heights, on the same street, a bungalow with a deep basement would be spared but the raised ranch across the street would be flooded.)

Developers get the gold and taxpayers get the flooding and sewer back-ups.

#180 Johnny D on 08.18.14 at 10:20 am

#36 TEMPORARY® Foreign Prime Minister on 08.17.14 at 7:16 pm

Good for your one truck and it’s fuel milage. Now go talk to the other 30 million truck owners who don’t have that one unpopular engine option.

#181 Waterloo Resident on 08.18.14 at 10:24 am

The Federal Government has a plan to fix this global warming problem by bringing in another 2 Million Temporary Foreign Workers to clean everything up. So don’t worry, not only will your jobs be taken away by workers doing YOUR JOB for less than minimum wage, they’ll ……. wait, no, that’s about it, they’ll take your job away and that’s all that will happen. Wow, you are so screwed !!!

#182 Bottoms_Up on 08.18.14 at 10:30 am

#13 Smoking Man on 08.17.14 at 6:33 pm
Not necessarily, he is only pointing out facts.

Climate change is real, the cause of this climate change is the big debate….how much of it is caused by humans??

#183 Bailing in BC on 08.18.14 at 10:33 am

I’m at the San Fran airport after driving through southern california. entire fields of almond trees are dead as farmers scacrafice one field to save the next. there are many bridges crossing dry river beds. The dust in the air looks like thick smog. Not good at all.

As for those who think that climate change is a complete scam invented by Al Gore etc, I would sugest that it is much easier to exploit an existing promblem than to create one. If i was going to sell snake oil I would say it wards off ebola, rather than create a fictious disease.

#184 Calgarian on 08.18.14 at 10:37 am

I think this is a great post. Climate change is a serious event and should be concerning everyone living on this planet. However in a world where people do not even remember what they had for breakfast, it is kind of unrealistic to expect them to care about things that may happen long after they will be dead.
Also, Garth, if anything, such a change will drive Canadian (as well as Siberian) RE prices way up since there will be hundred million enviro-immigrants moving to Canada.

#185 rainclouds on 08.18.14 at 10:39 am

173 Barry

You are talking about weather cycle (short term)
The gist of this is climate change (long term)

Two vastly different things

#186 Bottoms_Up on 08.18.14 at 10:45 am

#151 Call me a denier…go ahead…call me on 08.18.14 at
It’s obvious that climate change is real. The questions are what is causing it, how fast is it occurring, and how bad is it or how bad can it get. Maybe humans aren’t causing it, maybe we are. It’s gunna be (and always has been) good for some and bad for others.

#187 Millennial Falcon on 08.18.14 at 10:46 am

#53 Turner Nation:

“Well well where were the ‘lefties’ when their blessed Israel and NATO (Libya, Syria, et all, RIP) was destroying the environment with deadly WMD, chemical bombs (proof of Phosphorous used in Iraq exists on Youtube), fighter jets and ships spewing exhaust and gray water, munitions and DU left behind to fester. Never stand in the way of business.”

Leave your joke conspiracy theories out of this discussion. Why have you not moved to an under developed country to live off the land yet? Over there, you will have a much lower environmental impact than if you stay here and blame “The elites and their blessed Israel and Nato” for everything.

Oh and by the way, it is usually the “lefties” who are in the streets protesting any military action currently being undertaken in the world. Nato and Israel are just their favourite targets (they usually ignore everyone else).

#188 rosie "moving forward" in the knowledge that, "this won't end well" on 08.18.14 at 10:52 am

Obviously not a world class city like say, Calgary or Vancouver or of course, Toronto.

#189 Smoking Man on 08.18.14 at 10:58 am

Did my post vanish?

Yes. — Garth

#190 The real Kip on 08.18.14 at 11:11 am

Since when did you become an environmentalist?

Not to minimize the impact but there are some areas on this planet that are expected to do better like oh, say, north Ontario, sitting 250 feet above sea level on the Great Canadian Shield, one of the most geologically stable areas on earth.

With environmental refugee estimates running in the hundreds of millions over this global warming crisis can you imagine how many of them would want to come to Ontario?

I hope you’re ready for the stampede of people moving to Kapuskasing to grow tomatoes. The environmentalist don’t talk about areas that will do better but Ontario is one of them. Buy Ontario!

I became engaged in human impacts on our world in 1990, when I helped influence initial national environmental legislation. And you? — Garth

#191 Chrispy on 08.18.14 at 11:13 am

Hats off to Garth for discussing the topic that politicians, business leaders and the MSM would prefer to ignore. If you believe in peer-reviewed science (and accept the laws of physics) then the validity of anthropogenic climate change is a no-brainer.

It should be noted that climate change is but one symptom of an unsustainable economic system – a system that demands at it’s core that the economy should physically grow exponentially. So long as we continue follow this dogma within the confines of a finite planet, then we will inexorably overshoot the carrying capacity and crash (witness global fish stocks, top soil, freshwater aquifers, old growth forest, etc.).

Garth, your thoughts on this idea would be most appreciated.

#192 mikethengineer on 08.18.14 at 11:22 am

Garth et al:

Real estate will follow the water.

What was normal in the past will change. Start of winter and summer will change.

Everything is changing now. Some say (1) the earth is expanding…hence all the earthquakes (2) Pole is shifting location (3) Earth’s rotational axis has changed.

Steve Quayle had predicted, a long long time ago…that there will be a migration from “dry areas” to areas with water. This is now manifesting. Smart money in real estate will follow the water.

Interesting, though…develop technology to purify water or extract it from the air/ground. Example, in desert area, set up solar and then hook up a big ass dehumidifer, to extract water from the air, or distillation and reverse osmosis to purify bad water.

There is serious money to made here….I can see it plain as day.

Trucking in water will also become a big business.

#193 Barry in Pickering on 08.18.14 at 11:37 am

Garth: “Florida can expect far more hurricanes ”

Sounds scary, until you look at the data, and see that the number of Atlantic hurricanes has been falling steadily over the last 20 years. For example, there were no major Atlantic hurricanes at all last year. Source:

So this “expect more hurricanes” prediction has been a bust….

Or is global warming also to blame for the **fall** in the number of hurricanes?

Unsure if one year data is meaningful. But whatever makes you fossils happy. — Garth

#194 Smoking Man on 08.18.14 at 11:46 am

#188 Smoking Man on 08.18.14 at 10:58 amDid my post vanish?

Yes. — Garth

So am I to deduce from that this is no humor week..
Not even one swear word…


Never realized you where so into this stuff.. Interesting..

I have about 10 pages in my fiction dedicated to counter view….

I better take it, that way I will have more than 27 purchases of a brilliant yet ridiculous work of fiction..

#195 Big Brother on 08.18.14 at 11:48 am

#13 Smoking Man on 08.17.14 at 6:33 pm
Holly crap.. Garth ia a tree hugger…
Who would have know…..

MKULTRA says Smoking Man will be in Las Vegas August 23rd to 26th. We have programmed him to re-fill Lake Mead. Drink plenty of beer then pee in the lake! We will be watching you there, don’t forget the cameras are everywhere!

#196 Holy Crap Wheres The Tylenol on 08.18.14 at 11:53 am

Global warming my ass, this has been one of the crappiest summers since the crappy one we had last summer. Had my boat out perhaps 8 times.
Besides I don’t care about anywhere else except here? We clean up our act but you can tell the Chinese and Indians to stop burning coal and diesel like there’s no tomorrow, then I might listen.

#197 Ronaldo on 08.18.14 at 11:59 am

#149 Never Give Up –

”If you ever wondered how much work a gallon of gas does for you, then fill up your car with only one gallon and drive it until it runs out of gas. Then promptly get out and push your car back to where you started from.”

Great point.

#198 StFerdinandIII on 08.18.14 at 12:03 pm

Jesus Christ, you believe in Globaloneywarming? The past 100 years has seen a decline in temps by 1 C. The Arctic is expanding. Worst winters imaginable in the last 7 seasons. What next an article on Ebullah ? 20 ppm trace chemical, is now causing ‘weather’…..yeah that is science. You know that the cult of warm is a gigantic fraud, I am in IT, I have requested Mann’s Fortran [really cool 70s era code]….it is all junk and bunk to suck on tax dollars. Wise up.

#199 Realitybytes on 08.18.14 at 12:13 pm

Glad you are aware and spreading the word Garth.

Doing your small part to make up for the Boomer generation of conspicuous consuption and trickle down economics that helped shape this mess.

Your’s and my (gen X) generations will be gone before it gets too bad, but future historians will not be kind.

#200 Realitybytes on 08.18.14 at 12:15 pm

The deniers in this thread make my stomach queezy.

#201 Vancouver-mill on 08.18.14 at 12:32 pm

The California agri industry was created through irrigation and aquifers. It is not a natural area of field cultivation so don’t be surprised when a area not suitable for crop development uses up all the water in the in the water table. Let’s move on

Incredible. — Garth

#202 Spiltbongwater on 08.18.14 at 12:45 pm

#196 Holy Crap Wheres The Tylenol on 08.18.14 at 11:53 am

In B.C. we have a carbon tax that we must pay for the evil sin of driving our cars or heating our homes. B.C. has a great coal export industry, where we ship coal to China so they can burn it to heat their homes and provide electricity. Do you think there is a carbon tax on the exports? Political logic = Woman Logic.

#203 Rational Optimist on 08.18.14 at 12:45 pm

165 Down and Out on 08.18.14 at 8:10 am

I agree with you that it’s hypocritical for legislators to cater to vote-rich cities and target farmers with regulations on runoff while ignoring huge sources of phosphorous from sub-par municipal treatment plants. But it’s both. If you’re in a rural area, you should be in favour of accounting for what is put on fields and managing phosphorous runoff. I’m in a city, and I’m in favour of investing in water treatment plants that treat water…and producing less wastewater in the first place.

#204 Julia on 08.18.14 at 12:49 pm

For those of you who think Garth is new to knowing and caring about the environment you might be interested to know that at one time the he was National Director of the Sierra Legal Defence Fund which fights to uphold environmental legislation and even owned a company that sold environmental products. Isn’t that right my green friend?

Close. I was not in charge of the SLDF, just a director. — Garth

#205 gut check on 08.18.14 at 12:51 pm

Funny, when I started reading this blog four years or so ago I could swear it was written by someone claiming to be a contrarian!

My boycott month is over, but so is my interest in the articles. The comments, though, are still worth tuning in for. So thanks, blog dogs!

Also, I don’t wear my pants backwards. — Garth

#206 Rational Optimist on 08.18.14 at 12:53 pm

179 Ret on 08.18.14 at 10:18 am

You and I are in the same neighbourhood at the moment. It’s strange indeed that people do not understand why Binbrook is “prone to flooding.” It’s not, but when you pave over thousands of acres of agricultural land with impermeable parking lots, roads, and driveways, you’re not doing a lot of favours for the under-engineered storm drain system.

I’m sympathetic for the folks in Burlington, but hoping that others don’t have to pick up the tab for them. Try telling a suburbanite in a brand new subdivision that it might be worth his while to use a permeable surface for his new driveway, rather than asphalt. “But it’s more expensive.” And, yes, one suburbanite deciding to do that might not make much of a difference- but a thousand suburbanites doing that might be the difference.

There’s some hope for this. Waterloo has a stormwater surcharge which is reduced based on the installation of French drains, cisterns, permeable surfaces, so on. For commercial properties, that’s the kind of scheme that will convince big box developments to retrofit stormwater containment, and proper landscaping.

#207 Zeeman1 on 08.18.14 at 1:02 pm

Jesus,Garth,just as all the scientifically illiterate dormers are being widely discredited you take up the scam.

You’re confusing pollution with whatever the purposely undefinable term “climate change” is supposed to mean.

Please read the article linked above as a good way to start setting yourself straight. It was written by a guy who knew what he was talking about.

#208 The Mad Scientist on 08.18.14 at 1:10 pm

Great post Garth. The long term macroeconomic landscape will be drastically changed by climate change. It’s anybody’s guess where this will all end up.

A truly frightening study suggests that to avoid a further 2degC rise in global temperatures, we can only add another 1k gigatonnes of carbon to the atmosphere. How much in proven reserves do we currently have? 2.9k gigatonnes. So we _already_ have too much carbon in reserve, and if we burn it all we’re really screwed. If laws are implemented to cap the total amount to the 1k, the stock values of big oil will crater (the 2.9k are already priced in). Thus, why these companies have been funding the denier side of things.

Apologies for the secondary reference, but I’m grant writing and don’t have time to look up the primary!

#209 Zeeman1 on 08.18.14 at 1:11 pm

Oh, and Garth, the current drought in California is hardly out of the ordinary.

While unusual for those Californians alive right now, human lifespans are barely an eye blink in geologic time.

Are you aware that the reason the Norse discovered North America centuries before Columbus is because most of the article ice had melted for a few centuries during the medieval warming period?

But somehow the polar bears and Inuit are still here. Probably because warmer weather is beneficial to bears and humans.

#210 SWL1976 on 08.18.14 at 1:21 pm

Wow!!! Way to light up the comments section

Its quite clear that some people can’t see past their front porch…

Time will tell…

Go put your head back in the sand if you wish, but when the flood waters rise, unless you got gills…

You will have no choice but to see

#211 Blacksheep on 08.18.14 at 1:29 pm

“You might want to chew on that before you spend $900,000 on a slanty semi in a trendy flood plain.
Just sayin.”
This is something that many are clueless about.

Last year I found a beautiful A frame home, big shop, on acreage, backed on to a farming canal, in the Wack that I almost bought.

Being a smart guy (paranoid?) I did some research on where exactly the flood plane is, in the Fraser Valley. Used an cell app to check the elevation at the home and found out it was almost parallel with the Fraser River, as is a surprising large portion of the Valley.

Now this has not been a real problem for many years (last major flood 1948) but with a little digging, discovered some of the dike sections just south of Hope, are rapidly eroding as all the bends place hydraulic pressure via velocity on the banks.

Unfortunately the tax base in the Valley is not sufficient to raise the dikes to what’s considered international standards, so they are forced to roll the dice.

My wife’s friend is still dealing with the consequences of the High River Alberta flood, so we decided on a nice home, on top of a hill with a view instead.

#212 Smoking Man on 08.18.14 at 1:45 pm

#200 Realitybytes on 08.18.14 at 12:15 pm

The deniers in this thread make my stomach queezy.

That’s it, debate over, nothing going to be discussed.

Using the word Denier is by design to shut down debate…

There are two ways of thinking…

1) Just take what authority preaches as fact, remember your years of schooling and programming.

2) Critical Thinker, often called a conspiracy therorist believes no one, thinks there is always a hidden agenda.
Conspiracy Therorist same as Denier…. End of topic.

I wear my tin foil proudly……

#213 Ronaldo on 08.18.14 at 1:46 pm

#202 Spiltbongwater – ”In B.C. we have a carbon tax that we must pay for the evil sin of driving our cars or heating our homes. B.C. has a great coal export industry, where we ship coal to China so they can burn it to heat their homes and provide electricity. Do you think there is a carbon tax on the exports? Political logic = Woman Logic.”

Most of the coal (metalurgical) exported from BC of the total of around 28-30 mil tonnes is shipped to Japan and used in steel making. About 15% or so is Thermal coal used in power generation.

Compare this to what China itself produces and consumes each year which is around 4 billion tonnes used for power generation and domestic use. In July alone, they produced 301 million tonnes which is over 10 times more than we export each year out of BC.

To give you an idea of just how much that represents in train loads each containing 100 cars and 10,000 tonnes and each train being 1 mile long, the amount shipped from BC would represent a train stretching 3000 miles across the country.

The amount that China produced in July would represent a train stretching 30,000 miles.

The amount that China produces and consumes annually would represent a train stretching 400,000 miles. Far beyond the distance to the moon.

Put that in your pipe and smoke it.

#214 gut check on 08.18.14 at 1:53 pm

“Also, I don’t wear my pants backwards. — Garth”

that’d make a great photo though. :)

#215 Anson on 08.18.14 at 1:58 pm

#192 Miketheengineer
Last time I checked everything comes from the earth. No earth no money.
I used to get in many heated discussions with people who put money first and believe technology is the cure all for every problem that arises.
As an engineer do you truly believe we the human race are smarter than mother nature who has been doing things long before us and will be doing things long after we are long gone.
Everything is connected meaning if there is a problem with bee’s for example there will be a ripple effect.
If humans were to go extinct do you think that this would have a negative impact on the world?
In reality a maggot has more meaning to the world than human’s because it has a job that is positive and needed . The last time I checked working job’s that destroy instead of compliment the earth as well as over consuming , wasting ,polluting and thinking of only oneself is not a sustainable path. Remember we are at the worlds mercy and never forget this. So when the next severe storm or catastrophic event occurs remember the best technology in the world is no match for mother nature.

#216 marnic on 08.18.14 at 2:07 pm

Strong piece Garth. You should cover this subject way more often as it will have an exponentially greater effect on our lives than any stress over mortgage rates or financial assets can possibly bring to bear. As we all know, many of us simply won’t believe what we don’t want to hear; we’re seeing clear evidence of that in many of the comments on this post.

#217 Nemesis on 08.18.14 at 2:10 pm


[LAT] – West’s historic drought stokes fears of water crisis

…”Now, across California’s vital agricultural belt, nervousness over the state’s epic drought has given way to alarm. Streams and lakes have long since shriveled up in many parts of the state, and now the aquifers — always a backup source during the region’s periodic droughts — are being pumped away at rates that scientists say are both historic and unsustainable.

One state-owned well near Sacramento registered an astonishing 100-foot drop in three months as the water table, strained by new demand from farmers, homeowners and municipalities, sank to a record low. Other wells have simply dried up, in such numbers that local drilling companies are reporting backlogs of six to eight months to dig a new one.

In still other areas, aquifers are emptying so quickly that the land itself is subsiding, like cereal in a bowl after the milk has drained out.”…

#218 Tony from Calgary on 08.18.14 at 2:21 pm


Appreciate you drawing attention to these issues with your readers.

I mean, what good is vulching a house on the cheap in CowTown, VanCity or Toronto if we’ve already already near-killed ourselves with severe climate change?

Bad times ahead – best everyone start preparing now.


#219 The real Kip on 08.18.14 at 2:28 pm

On behalf of myself and the other 9-million Boomers in Canada, you’re welcome.

#220 I'll take Old Rich White people for $100 Garth on 08.18.14 at 2:32 pm

Florida has 1051 golf courses, California 921, they use as much water as 2.8 million people.
No drought for them, middle class in Cali no watering lawn, driveway, carwash or face fine up to $500.
But oh to be rich.

#221 Realitybytes on 08.18.14 at 2:34 pm

#207 “Zeeman1 on 08.18.14 at 1:02 pm

Jesus,Garth,just as all the scientifically illiterate dormers are being widely discredited you take up the scam.

You’re confusing pollution with whatever the purposely undefinable term “climate change” is supposed to mean.

Please read the article linked above as a good way to start setting yourself straight. It was written by a guy who knew what he was talking about.”
WOW! All the deniers have are opinion pieces. That’s an essay, not a scientific article. Of no more or less value than Garth’s blog.

It’s a disgusting one at that. Like the political cheap shot of comparing your adversary to Nazis or Commies. Science has come a long qway in 100 years. Try learning some.

#222 Sheane Wallace on 08.18.14 at 2:36 pm

The carbon tax is the first global tax to be instituted by the emerging one world government.

Genetically modified food as well as incompetent management of nuclear facilities is much bigger danger than global warming which is Non-existent, actually there is global cooling (hence no sun spots) .Global warming/global climate change is a hoax.

So I would like to hear Garth’s opinion on 2 topics:
1. Genetically modified food and the danger to the general public health for it.
2. Fukushima.

#223 joblo on 08.18.14 at 2:37 pm

In California do they really need to grow pistachio’s and almonds that take 7 years to mature?
1 drought year and kaput!
Ag industry = corporate profits so who gets water?

#224 joblo on 08.18.14 at 2:39 pm

oop’s, Trees take 7 years to mature

#225 Realitybytes on 08.18.14 at 2:46 pm

Review of Michael Crichton’s book.

#226 not 1st on 08.18.14 at 2:47 pm

Here is why climate change has deniers – its because 20 years ago when it was first floated, the scientists said the world would burn up and droughts would be every where.

Thats not what we are seeing. Overall global temp has risen only slightly and while some places like cali suffer in the heat, others are getting more rainfall and even cooler temps. Last summer and this past winter was the coolest I have seen on the prairies.

They botched the message now they have push back. If you are going to sell an idea, you better be better informed about it and have your evidence something that backs the theory. This is not what we have right now.

I will accept that the weather seems more volatile and energetic which is leading to some extreme weather. is that climate change – I don’t know.

Regardless of whether it exists or not, we shouldn’t be stupid about our resources. People driving 1 ton duallys to get milk around town is nuts. People using a ton of water to keep unnatural areas green is nuts. Polluting like crazy in the search for more is nuts.

Hard to blame those farmers though. They are just trying to feed the world and maybe if people paid the real value for their food they wouldn’t need to dump a whack of phosphate on their land to chase big yields.

#227 devore on 08.18.14 at 2:49 pm

#36 TEMPORARY® Foreign Prime Minister

My 2014 F150 V6 (3.7L) Supercab 4×4 uses 9.8/100km on cruise at 100 km/h. Enough to drive from the GTA to Sarnia and back twice (1084 km total) on one tank of gas.

Unless you’re legitimately hauling tons of stuff all the time, 9.8 is extremely high. And if you’re hauling, you’re not getting 9.8. A full-size sedan can do 7L/100 @ 120kph or even better, although you will have to refill on a 1000km trip, because the tank is smaller.

Although trucks have improved fuel efficiency tremendously in the last 30 years, they are still gas guzzlers.

#228 TnT on 08.18.14 at 2:59 pm

#221 Realitybytes

Science has come a long way in 100 years. Try learning some.


It has come along way in the money making business, that’s for sure.

Thanks for repeating history….

#229 devore on 08.18.14 at 3:09 pm

The California agri industry was created through irrigation and aquifers. It is not a natural area of field cultivation

Incredible. — Garth

The California region is known for undergoing prolonged periods of drought. Prolonged as in 10s, even 100s of years at a time. Because of the valley locale and climate, the current well-irrigated period makes it great for growing stuff. Should the region enter another drought phase, its tremendous agricultural output will have to be sustained through artificial irrigation and fertilizers to counter soil erosion.

It is indeed an incredible fact.

No, incredible is the so-what? attitude people here can display about the misfortunes of others. What a blog full of pompous snowflakes. — Garth

#230 TnT on 08.18.14 at 3:09 pm

Red Pill vs. Blue Pill people….

Edward Louis Bernays – The father of public relations

No links as it is more important to figure this out on your own.

#231 Dual Citizen In Canada on 08.18.14 at 3:20 pm

Global warming, Global cooling, Mother Nature doesn’t care. The human species is no different to her than an ant colony. Man can destroy, nature will rebuild. Face it, we will never beat out other species on this planet because we think we are the only ones who are self aware. Our fate is in our hands, fueled by the primal sense of survival. The leaders think they have it all worked out. The Universe doesn’t care.

#232 not 1st on 08.18.14 at 3:21 pm

All oil extracted should be used to develop a more efficient substitute instead of just burning it up and looking for more.

The energy in a barrel of oil is burned in a very short time. People would use about that much gasoline in a month per car. Instead, use that energy to make a solar panel that has a 30 year life and have the electric energy power an electric car. We would be off oil in a decade.

#233 The real Kip on 08.18.14 at 3:22 pm

Don’t worry, the Americans are working on a new hybrid missile that switches to battery power after launch reducing it’s carbon footprint substantially.

#234 devore on 08.18.14 at 3:23 pm

#165 Down and Out

Your research team forgot to mention no sewage treatment plant takes all if any phosphorus out of its waste water from the population because the cost and technology is expensive, so lets pick on the farmer

The vast majority of phosphorus in the environment comes from agricultural run off, whether that’s farmers fertilizing their fields, or hipsters fertilizing their lawns. The other one is industrial activities. None of these will pass through a sewage plant.

In the last 10-20 years, various jurisdictions have banned the use of phosphors in household products. Even many commercial products cannot contain phosphorus. This is one of the reasons for the recent explosion in “new formula” cleaning products; they are all using phosphorus substitutes, not nearly as effective.

There are still ways around that if you want your clothes really clean, or if you don’t want to go through 3 scrub pads to clean a greasy pot. But, households, and wastewater going through sewage plants, is a marginal source of phosphorus in water bodies.

#235 Mike S on 08.18.14 at 3:24 pm

I would expect the Canadian bonds to yield more than the US ones, by now, but it doesn’t seem to happen.

Any explanation why not?

#236 Entrepreneur on 08.18.14 at 3:25 pm

#52 Johon Galt “Big Business lobbies Big Government to pass regulations that Protect It from Competition that makes All Canadians Worse Off”…”Know who can’t keep up with these regulations? Small/Medium size buisness, and New Competitors.

That part I agree with. Small/Medium business are being pushed aside, stomped on, and ignored as if they are a dime a dozen. The world is run by Big Business and Government: they rule, their way/ they control, they ignore. By doing so is causing environmental disasters. Simple greed. What the Government forgot was Mother Nature, she is upset.

Most people want to live in a normal, everyday life. That is not happening now. The only way to protect the earth is not complying to the what causes the problem but what can be accomplished by togetherness. Together we can do it. Or the day will come where we have to.
Mother Nature rules.

Buying a house at a high price is only locking yourself into the system that makes you ignore the environment to keep afloat. Money you cannot control. Small business is being ignored as money will go to cheaper products made in other countries that have cheap labour. (Or Big Business hire cheap labour from other countries. Don’t buy.)

Do Not Buy Farm Fish. Make sure it says WILD on the product even prawns, shimp, etc. Buy as local as possible. Support your fishing industry here. Support your Small Business.

#39 crowdedelevatorfartz on surviving on insects. Maybe one day life will come down to that. Make sure they are cooked first as they carry the parasite. Cook all meat well.

#237 Bill Gable on 08.18.14 at 3:26 pm

Great post. Stark, but it’s nice to read a balanced report on what’s really going on.
Noted here in Vancouver – anecdotally – it is more humid, a lot drier and windier, than a couple of decades ago, when I first came here.
The bottom line, the climate is changing.
I have been on the phone with Family and friends in California and believe me, it is a disaster. 1/2 the food on your table comes from California and this is the worst drought in 95 years.
If it does not get better soon, our lifestyles will change, whether we like it or not.

#238 Andres on 08.18.14 at 4:06 pm

Geez, it doesn’t even matter to Conservatives when one of their own is discussing climate change. Why are people so willing to believe it’s all a big scam or collective delusion? Just because the evil libruls and your flaky neighbor believe in climate change does not mean the actual scientists who provide the knowledge are making it up.

#239 The real Kip on 08.18.14 at 4:10 pm

As I look across the 12 lanes of the 401 from my crane I can see it’s at a dead stop and can’t help but think, somebody should do something about this.

Well, somebody has! Nissan is offering employee pricing plus 0% financing. I’m going to stop by after work if I can get through this traffic.

#240 rosie "moving forward" in the knowledge that, "this won't end well" on 08.18.14 at 4:15 pm

I thought more of the 0.5% crowd frequented this dismal blog.

#241 not 1st on 08.18.14 at 4:50 pm

In a climate change world, a place like Canada is probably a winner.

Maybe the california drought problem is an opportunity for Canada’s greenhouse sector.

#242 Retired Boomer - WI on 08.18.14 at 5:09 pm


Sad group of people on this blog tonight. What does a town do when the well runs dry, or their lake source is contaminated?

Gotta wonder when such things sends values down faster than the closings of the big employer, or a huge goose in interest rates.

The west has been suffering drought for awhile with no relief in sight.

It will be more interesting when the coastal areas are under threat from flooding, or underwater. Just saying, nothing gets your attention quicker than a disruption in YOUR life.

Not wishing it, but isn’t is similar to the smoker who after 40 years finds out he has this imminent problem looming….emphysema, cancer, cops?

#243 not 1st on 08.18.14 at 5:11 pm

No, incredible is the so-what? attitude people here can display about the misfortunes of others. What a blog full of pompous snowflakes. — Garth

Unfortunately, this is the basis of a lot of capitalism. Someone has to lose and someone has to win. Competition rules.

So California’s experiment into irrigating desert land with variable far away mountain snowpack has faltered. Well maybe a country with 5% worlds freshwater and unlimited snowpack can now step up and fill that need.

#244 Retired Boomer - WI on 08.18.14 at 5:11 pm

Dam auto correct should read C.O.P.D. not cops.

That’s only in Ferguson, MO.


#245 CJ on 08.18.14 at 5:15 pm

This may easily be Garth Turner’s most ridiculous post. Chicken Little.

#246 Junius on 08.18.14 at 5:36 pm

Dear Garth,

Thank you for taking on this topic. More people have to start speaking up about the inevitable impact of climate change – none of which is good in the long run.

It is rather appalling and sad to see the deniers and the “but it will be good for us” crazies out in full force but that is par for the course on this issue.

Here is an interesting article on the issues around reporting on climate change:

#247 Barry in Pickering on 08.18.14 at 5:37 pm

#185 Rainclouds,

No I am talking about climate change. There has only been a 1 degree Celsius rise in average global temperature compared to average temperature for the 20th Century.
That’s a small change. And there hasn’t been an increase in global average temp in the last 10 years.

If you read the link I provided, you’d see the backup for the facts above…

“The January–July worldwide land surface temperature was 1.80°F (1.00°C) above the 20th century average”

Do you think that a 1 degree rise over last century average is something of big concern?

#248 John Foster on 08.18.14 at 5:38 pm

Climate change deniers make me shake my head. They seem to carve a difference between man-made or not, or cooling or heating, sun spots and on and on….

That doesn’t matter a one iota. What does matter is that the climate is changing more rapidly than before and it is going to affect both people and the economy. Some will be displaced because it is hotter; some colder, some more water, some less water.

Man-made or not – why does it matter if the outcome is the same?

#249 Junius on 08.18.14 at 5:40 pm

#238 Andrus,

99% of the scientific community – in particular those that who directly study the issue – believe the climate is warming and much of it is caused by human activity. The only scientific issue is the speed at which is will take place and what the impact will be. The scenarios range from bad to much worse in the long run with winners and losers during the process.

#250 Junius on 08.18.14 at 5:50 pm

#246 Barry in P,

Your quote, “The January–July worldwide land surface temperature was 1.80°F (1.00°C) above the 20th century average”

This is an average worldwide but it will be higher at the poles going to as high as 6% more and on land as the oceans are more moderate. The concerns is the trend which say the period 1983-2012 as the hottest 30 year period in 1400 years and it is getting worse.

A 2 degree Celsius increase globally will be huge and cause enormous problems. Worse, it will kick in some accelerators such as methane trapped in the Arctic that could push is much warmer much faster than C02.

#251 rosie "moving forward" in the knowledge that, "this won't end well" on 08.18.14 at 5:51 pm

Here ya go capitalist types. A few thousand of these should do the trick.

#252 NostyVlad the Snugglebombed on 08.18.14 at 5:55 pm

#107 Sheane Wallace on 08.17.14 at 10:34 pm — “I will support any globalist agenda that includes BRICS and Germany. Any.”

Could be a good time to buy a lottery ticket. People Are Strange (as are countries.) ‘Tho the article was written 24 July, time and events are moving at great speed, and no one knows what will happen tomorrow.

#253 devore on 08.18.14 at 6:13 pm

#247 John Foster

That doesn’t matter a one iota.

Of course it does.

What does matter is that the climate is changing more rapidly than before and it is going to affect both people and the economy. Some will be displaced because it is hotter; some colder, some more water, some less water.

Whenever you have a problem of this magnitude, affecting so many people over such a period of time, people will be looking for a solution. They will look to politicians and government. Politicians will be eager to provide solutions, but without knowing the source of the problem, any solutions is just throwing money at the problem, hoping something sticks.

There are sensible things to be done for the environment. Reasonable money you can spend TODAY, on feasible projects, and obtain real, measurable results and benefits. TODAY. Blowing tens of trillions of dollars and upending the entire world economy and standard of living on what amounts to a fantasy experiment is not one of them.

The problem is big. Big problems require decisive responses. We demand them from the people who lead us. Decisive responses are expensive. An expense can only be justified if there is consensus and everyone is singing the same tune. This is exemplified by the global cooling/global warming/climate change/weather events hysteria. This kind of conduct has never ended well for anyone.

#254 uber doomer gloomer on 08.18.14 at 6:49 pm

Garth you are trolling with this article. but hey almost 250 posts and people bickering over climate change.

I think your next post will be about religion that will get people really going !

#255 Doug in London on 08.18.14 at 7:02 pm

There’s one good thing about climate change and the destruction it will bring. A large part of Canada’s present economy is the condo economy, which is bound to end sooner or later. When it does, what to do with all those unemployed construction workers? They’ll be busy repairing infrastructure or buildings damaged by extreme weather events. If you have these skills and are mobile, you’ll have your work cut out for you. At long last the dream will be realized of an economy that doesn’t have to keep growing to keep the unemployment rate low.

#256 crowdedelevatorfartz on 08.18.14 at 7:46 pm

@245 CJ

Which came first?
The volcano or the iceball?,d.cGE

#257 espressobob on 08.18.14 at 8:04 pm

Had to visit the local café this morning for my usual fuel. Nice little spot with 70’s retro stuff. The owner is quite pleasant and his young kid buried in some computer device. Dad has many lights going, incandescent fat albert or whatever. That youngster gave his old man hell for having so many on at the same time and further indicating this was a waste of electricity. Maybe there is hope? Bright Kid!

#258 Shivering in the dark on 08.18.14 at 9:14 pm

“There are other ways to modify illogical human behaviour. — Garth”

Well thank you Mr Castro…..when does the 5 Year Plan begin? Please don’t put me in the tee pee with people that fart a lot or listen to Chinese Opera all night long. And does your ‘human behavior’ experiment mean we all sleep in a pile to stay warm? Will the elites have ‘special accommodations?’

Sometimes this blog really scares me. Like now. — Garth

#259 gut check on 08.18.14 at 9:35 pm

#236 Entrepreneur –
Excellent post. Important points. Economies are going to have to go more local, it’s the only way out of this mess.

I think the forces behind globalization are determined to realize their goal of worldwide control – if only for twenty minutes before the whole thing implodes.

#260 kilby on 08.18.14 at 10:51 pm

A three foot increase in sea levels will not affect Victoria apart from a few commercial and residential properties. Richmond is another story………

#261 DocInWaitingRoom on 08.19.14 at 12:58 am

Garth we talking about water again? Last time you wanted us to quit it and talk about real estate. As we are about 70% water like the planet, just like any living thing we depend on clean water. Some think Toronto’s water is clean… the same people think real estate is a good investment

#262 Peter on 08.19.14 at 2:57 am

Here’s a chart that flies in the face of the global warming meme.
Looks like it’s getting frostier down there.

#263 SurreyMom on 08.19.14 at 12:27 pm

#172 Anson
No Anson I do not believe there will be winners and losers in the coming climate changes. But I believe Mr. Harper believes this and his government’s actions reflect this.
I drive an all electric vehicle (not hybrid) and I am a vegetarian. I make these efforts because I like to look my grandchildren in the eye and say I am making a level effort to do my share in reducing my carbon footprint.
I just returned from a trip to northern Saskatchewan. From what I saw the number of corporate farms far outnumber the Mom and Pop farms of the past in Alberta Sask and Manitoba. Money flows where there is profit to be made and it seems that corporate money anticipates significant profits will be made by owning huge swaths of land on the Canadian Prairies. My observation is Harper’s government policies are fostering this takeover. I did not say I agree with his policies. I believe we will all be losers with the coming climate changes.

#264 Spiltbongwater on 08.19.14 at 3:32 pm

Apparently there is lots of water around. So much so that people are filling buckets of water and ice and dumping it over their heads.

#265 paulmack on 08.19.14 at 7:05 pm

…and yet for some reason there is this endless push for more people.

#266 Doug in London on 08.20.14 at 5:15 pm

@uber doomer gloomer, post #254:
If you follow this blog long enough (I’ve been following bit for 4 years) you’ll see that in EVERY post there is bickering about various topics, not all related to the topic of the post .Yes, there has even been bickering about climate change in past posts so it’s nothing new. You’ll see many commenters in post after post telling Garth he is WRONG about the coming real estate correction coming, even in the GTA. He’s an idiot, doesn’t he know EVERYONE in the world wants to live here? I think many commenters here love to get into arguments, and would fit right in with that old Monty Python skit about a guy who wants to buy an argument. Then again, when’s that post about religion coming?