Hopeless

TRUMP modified

Let’s share three charts. A couple are scary. The first is related to Betty’s plight. Here’s her story:

“Our $420,000 budget is hopeless. Open houses here in Vancouver are crazy and as long as you have your head on straight, you’ll always loose to those who doesn’t.

1) Seller’s agent calls ahead to pep talk you into giving best offer. The word “counter offer” doesn’t even exist anymore because all offers are presented once and that’s your only shot. Even our own realtor won’t talk about how much less we should offer based on the listing price but goes straight to how much MORE we should give over the listing price.

2) The most frequent buyers we see are young married couples or parents with a young adult. A common phrase we hear is “talk to your parents about it…” or “bring your parents back to see…”

3) Pre-build is asking for a total of 20% down for a shoe box that’s scheduled for 2019! By the way, a 961 sq ft 2bdrm box at this tower starts at $520,900.

It’s stressful and depressing that paying the full listing price is not enough to buy you a place. What happen to the concept if you pay what the seller asks, you will get the item? After losing a few offers, you are so angry and traumatized that you really do lose your head and over bid for fear of losing another one. In the meanwhile we’ve decided to rent instead of engaging in this crazy market and before we lose our heads.”

Vancouver (like Toronto) has a housing market with a casino mentality. People are being forced into buying decisions, and debt loads, which may well prove rash and destructive. Like all Ponzi schemes, it’s based on a single assumption – that things will keep going up and never go down. Only by believing this can people pay huge premiums and shoulder heroic borrowing. Otherwise they’d recoil at the risk.

Meanwhile, the kids are leaving. If you need any other proof this housing market’s unsustainable, I don’t know what it is. Other than the chart that comes next.

YVR MILLENNIALS

(Click to enlarge)

So the Fed bosses are meeting this week, but expect no change to US monetary policy. No rate hike. Not yet. Meanwhile the latest jobs report (record numbers of new hires), plus the financial markets’ performance, pretty much crushes the fear December’s rate increase – the first in a decade – would hurt. It didn’t. So more to come.

While Canada puddles, Europe slogs along and China’s opaque, the US remains the engine of global growth. The data is strong and conclusive. Expansion will continue, slow but relentless. Lower government deficits, increased employment & wages plus steady real estate appreciation and swelling household net worth. Americans are feeling good. More jobs. Cheap gas. House price gains. Higher incomes. Stock-stuffed retirement plans augmenting. In many ways, the middle class is back.

The current thinking is that interest rates will increase twice in 2016, most likely later in the year. The odds of this happening have jumped dramatically in recent weeks, based on economic data. If you believe this will not impact Canada, learn more. Over 90% of the time, our bond market, and our central bank, follow the American lead, albeit with a lag. So you have time to (a) prepare or (b) be a grasshopper.

FED HIKE ODDS

(Click to enlarge)

By the way, the gulf between the US and Canada is now wider than Kim Kardashian’s hips. For example, look at recreational vehicles, which Mark (he’s in the business) reminds us is a proxy for consumer spending and confidence.

“Things are just getting worse,” he reports. “Although the volume is low in January it’s an awful precursor for the remainder of the year. RV products are the first thing to go when times get tough, so this is 2007/8 all over again, Canadian-style.”

Registrations of motor homes in January (year/year) just tumbled 54.2% in Canada, while they increased 6.6% in the States. It’s an astonishing divide. Like politics. While the left-of-centrist, tax-and-spend Trudeau captivates worried Canadians with an eat-the-rich agenda, Americans see a billionaire developer rapidly morph into an icon for change. In Canada we attack wealth. In the US they still envy it.

Donald Trump this week passed the 50% support level among Republican voters. Tonight’s vote could put him over the top. He may be divisive, combative, intolerant and prejudiced, but the time for mocking has passed.

TRUMP

(Click to enlarge)

 

240 comments ↓

#1 TurnerNation on 03.15.16 at 5:42 pm

It’s Dollarama-rama time again.

#2 Smoking Man on 03.15.16 at 5:44 pm

Donald Trump this week passed the 50% support level among Republican voters. Tonight’s vote could put him over the top. He may be divisive, combative, intolerant and prejudiced, but the time for mocking has passed.

It’s called push back from political correctness.

Coming to a theater near you in the great white north next election cycle.

#3 TRUMPOPOCALYPSE on 03.15.16 at 5:44 pm

Tonight I rid myself of the TOTAL LOSERS… Billary you are next… and you Canuck dogs better toe the line or a WALL for you too

#4 that guy on 03.15.16 at 5:54 pm

Funny how you say that Americans worship wealth – Sanders (the self described socialist) beats Trump is all theoretical match ups. That doesn’t really fit your narrative Garth.

Trump is a racist nutter. Any country that is that angry with itself to vote in Trump does not have a bright future. Fortunately, when push comes to shove Americans are much smarter than that.

#5 Rheal on 03.15.16 at 5:58 pm

I have followed your blog since the early days in 2008. I have never always agreed with what you write – and while things have evolved since then – the economy is currently rigged to protect the financially overstretched consumer. A Ponzi scheme like you say.
Like we see for Alberta defaults are up significantly and I believe that a delayed reaction is coming by summer to other parts in Canada. I do not buy what T2 wants to accomplish by running steep deficits. One day interest rates will go up, our credit rating will go down and it will cost more to pay off our consumer (and municipal, provincial & federal debt loads) which means that inevitably we will be taxed more while we see less services and a decrepit infrastructure. Purchasing power will go down, all kind of taxes will become the norm and what does that say for joblessness, personal bankruptcies and home affordability?

I would be interested to see the latest stats for home prices minus the Van & T.O. markets. I am confident prices are going down. Not only in Alberta too.

#6 Chaddywack on 03.15.16 at 6:01 pm

People can say what they want about Trump, but he’s saying something the Americans like. I also like the fact that he wants to encourage business and success, unlike our own PM who will likely use the upcoming budget to put measures in place to restrict those that are successful with reaping any rewards.

I’d still like to see Trump and Trudeau in a debate. After all Trudeau said he would tell Putin off to his face……wonder if he’s done that yet.

#7 Rick on 03.15.16 at 6:02 pm

It’s always been dollar store time for my house hold.

#8 DEEP POCKETS on 03.15.16 at 6:04 pm

SO who is giving all these clueless darts the cash to purchase these over-priced homes??

NO NOT THE BANKS……THEY WOULDN’T DO THAT!!

#9 crowdedelevatorfartz on 03.15.16 at 6:07 pm

First RV’s .
Next Harleys, quad runners, skidoos, cottages by the lake…….

#10 Freedom First on 03.15.16 at 6:07 pm

Way to go Betty! You and hubby will be well rewarded for your wisdom. In both peace of mind and $$$$$$$. Peace of mind, $$$$$$$, and good health=real wealth. I know.

#11 TRT on 03.15.16 at 6:09 pm

Vancouver is booming.

Its economy has nothing to do with rest of Canada’s. Three biggest industries here are Money Laundering, Immigration, and Pot. The next three are ports/truckers, cash businesses, and home building.

Nothing what happens in rest of Canada matters. We need no resource prices to stay high, we need no manufacturing.

It’s really simple here on how to make money.

#12 Doug t on 03.15.16 at 6:09 pm

Pop already I double dare ya

#13 A belieber on 03.15.16 at 6:12 pm

Attention Vancouver Wrinklies:

With no young people left in your city I will be offering the following services:

1) For $10: I will show you how to turn on/off your ipad/computer/kindle.

2) For $20: I will run across your lawn and you can yell at me to: “git off my lawn, damn young-ins!”

3) For $30: I will listen to rant about how “back in my day _________ cost a nickel”

4) For $40: I will play your vinyl record set and pretend not to be bored while you ramble on about some jazz band from the 50s.

#14 Joe on 03.15.16 at 6:13 pm

Best thing about Trump is that the GOP is toast. And they only have themselves to blame.

#15 Muttley O'Toole on 03.15.16 at 6:17 pm

I’m not real sure the middle class is back in the action in the US of A.
Maybe-so on Garth’s readings but The Donald is sure cutting a swathe of support thru’ working class America.
My reading would be if things are so good then how come he appears to be on the road to victory?

#16 james on 03.15.16 at 6:18 pm

” Americans are feeling good. More jobs. Cheap gas. House price gains. Higher incomes.”

I agree that the situation in the USA is much better than in Canada. However, let’s not pretend that it is all equally distributed.

Certain cities (e.g., SF, Austin, Seattle, NYC, San Diego, etc) are doing very well, while others (e.g., Cleveland) are languishing. The top tiers are capturing a large slice of the recent gains. Recent stats also show that the majority of job gains are going to the foreign born, particularly visa holders in skilled occupations. This is one of the issues fueling resentment at the political level.

Yes, it is nice to have my US house tick up 11% or more for two years in a row. After the housing bubble, however, we view that with caution.

In my financial planning I assumed that it would actually decrease in value by 20% over a 5 year term. I don’t want to be like a Canadian and treat my house as a retirement vehicle. That’s what the 401k, investment portfolio and business ventures are for.

(Canadians view housing and lottery tickets as the main route to retirement savings… it is hilarious)

#17 max on 03.15.16 at 6:23 pm

The U.S. would never raise rates when wall street investment banks are borrowing from the fed discount window. They make a killing with very little effort. And when they mess up like 08. The government bails them out. Some of the “investments” the likes of Goldman Sachs make, the returns are tax free and the returns are paid by taxpayers. So Goldman Sachs borrow taxpayer money cheaply from the fed, buys treasuries and municipal bonds and taxpayers pay interest to borrow their own money! Goldman Sachs makes off like bandits.

Politicians are all idiot lawyers, small business owners with no clue on finance and economists that can tell a recession until they read the data six months later. Conservative liberal, it doesn’t matter, both are fools. Lets do free trade with Mexico! U.S. auto manufactures are pouring billions into Mexico. How’s Oshawa doing job wise lately?

On real estate. Most area’s around Vancouver for example are not flying off the shelves, so to speak. You pick 5 or more properties and watch them. The longer on the MLS the better. I’m looking now, I can downgrade property into a better house! Going from acreage down to one or two. Five of the houses have been on the MLS off and on since 2014! Same agent. You don’t think the agent would jump at a fair offer?

#18 pretentious hipster bicycles on 03.15.16 at 6:24 pm

“It’s stressful and depressing that paying the full listing price is not enough to buy you a place. What happen to the concept if you pay what the seller asks, you will get the item? After losing a few offers, you are so angry and traumatized that you really do lose your head and over bid for fear of losing another one. In the meanwhile we’ve decided to rent instead of engaging in this crazy market and before we lose our heads.”

This sounds proper whiny to me. You’re not guaranteed anything in life, Betty and whining about it to Garthy isn’t going to change. Smart people identify when a market is cooked and then step aside to let the stupid people fight over the “deals:

#19 Bank of Millennial on 03.15.16 at 6:25 pm

>Like all Ponzi schemes, it’s based on a single assumption – that things will keep going up and never go down.

Don’t tell the VRX holders today – down 79% YoY.

#20 Love my Kia on 03.15.16 at 6:27 pm

Real life Gordon Gekko from the famed Wall Street movies of Wall Street excess endorses Sanders for president,

http://fox40.com/2016/03/14/gordon-gekko-wants-bernie-sanders-to-be-president/

LOVE the charming building of yours and I love the write up, esp the place burning down from throwing lanterns at each other! Congrats!

#21 Retired Boomer WI on 03.15.16 at 6:27 pm

Another primary day. (sigh)….

While Trump would not be my 1st choice, Katich would be, for the Republican ticket even Trump is more palatable than the also runnings.

On the Democratic side, my 1st choice woulds be Bernie.

Hillary would be voted against by me.

The US President holds very little power, that rests with the congress. A bully pulpit really, in this representative republic. (not a democracy).

We as a people should be investing our time researching who our representatives in the House of representatives, and senate will be. THAT is where the real seat of power resides.

it just doesn’t make good news copy or video bites.

YES, the economy crawls ahead, and compared with others that is progress., so called in 2016.

#22 mitzerboy aka queencitykid on 03.15.16 at 6:32 pm

happy belated bday garth
the trump thingy…

some times as a species we get what we deserve

#23 Victoria Real Estate Update on 03.15.16 at 6:35 pm

Canada’s debt-bloated housing market is indeed being further bloated by the Ponzi scheme attitude of Canadians who think that prices will always go higher.

They’re wrong.

This destructive thinking/attitude has been a necessary part of the inflation of housing bubbles worldwide over the past 40 years.

It’s destructive to buy based on the assumption that the value of any asset can only go higher, especially when that asset (Canadian housing) is obviously in a bubble and when such a big chunk of buyers today are gambling with high risk, high ratio mortgages.

This attitude pushed prices higher in the US, Ireland, Japan, Greece, Iceland, Spain, etc. and was a big part of the reason house prices crashed in those countries. The reason is simple: at this stage of the inflation of the bubble the least credit worthy buyers enter the market in numbers at the highest prices.

That prices fall after this is inevitable.

What seems hot and wanted one day by the herd can suddenly seem cold and unwanted the next.

It isn’t different in debt-bloated Canada.

#24 MSM-Free Zone on 03.15.16 at 6:38 pm

Enough about Sodom and Gomorrah.

How about changing it up a bit and doing a piece on other more liveable and affordable Canadian cities one can escape to without turning into a pillar of salt.

#25 Damifino on 03.15.16 at 6:39 pm

#6 Chaddywack

“People can say what they want about Trump, but he’s saying something the Americans like.”

He’s saying something many republicans like. But that may not be enough in the long run. Hope not.

#26 paddler on 03.15.16 at 6:40 pm

“Vancouver (like Toronto) has a housing market with a casino mentality. People are being forced into buying decisions, and debt loads, which may well prove rash and destructive.”

Nobody is forced into buying decisions and debt loads! We are responsible for our own decisions. Some “House Floggers” use fear based methods to coax you into buying. It is unfortunate that offering the asking price does not get you anywhere near that dream, of owning your own home anymore.

#27 For those about to flop... on 03.15.16 at 6:40 pm

#16 Retired Boomer WI on 03.15.16 at 6:27 pm
Another primary day. (sigh)….

While Trump would not be my 1st choice, Katich would be, for the Republican ticket.

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

Hey Boom,the problem with John Katich is ha appears to be ” normal” and that isn’t cutting it in this edition of the race to the White House.
Maybe Mitt Romney went 4 years to early as well, he has his quirks but next to Trump,Rubio and Cruz he looks half normal…

I will have to find out when the New Mexican primary is,as I might be able to earn a few extra bucks doing some crowd control in the next week or so…

M41BC

#28 HellYeah on 03.15.16 at 6:41 pm

Make kitties great again

#29 bob dog on 03.15.16 at 6:42 pm

Don’t get mad, get out! The NAFTA visa is still available and good for 5 years in any state you choose.

I have high hopes that the Donald will have the balls to prosecute financial terrorists for their 2007 attacks on America and the world.

I think the young are voting for Trump mostly because of this injustice.

Check out the “big short” and tell me the current government is not a corrupt puppet regime controlled by the criminal banking cartel.

#30 Heil Trump! on 03.15.16 at 6:44 pm

Mock me no more!

Make America White Again!

Heil Trump!

#31 too awful to contemplate... on 03.15.16 at 6:45 pm

“the US remains the engine of global growth. The data is strong and conclusive. Expansion will continue, slow but relentless. Lower government deficits, increased employment & wages plus steady real estate appreciation and swelling household net worth. Americans are feeling good. More jobs. Cheap gas. House price gains. Higher incomes. Stock-stuffed retirement plans augmenting. In many ways, the middle class is back.”

so why the following for a nut case like Trump….
enlighten us GT, I personally just don’t get it….

#32 WillD on 03.15.16 at 6:46 pm

What ever happened to “My life is a piece of sh^t.”
Never posts anymore. I loved that moniker.

#33 IKnow on 03.15.16 at 6:51 pm

Vancouver single house prices will stay insane as long as ethnic Chinese foreign or locals can squeeze out more dollars.

#34 Rainclouds on 03.15.16 at 6:53 pm

Lord Black of document shredding and Babs sell the ancestral homestead……. employs the GF inversion technique. Well Played Conrad………well played

http://www.huffingtonpost.ca/2016/03/15/conrad-black-will-stay-as-tenant-toronto-property-sold-as-a-lease-back_n_9470618.html

#35 New Canadian on 03.15.16 at 6:55 pm

Topical re today’s post and a follow up on #136 Stella re avoiding Toronto/Vancouver by new immigrants.

We have now lived in our mid-sized Ontario town for some months and here is an update with some numbers on this alternative lifestyle compared to Toronto/Vancouver, which were originally our preferred destinations. A quick recap: New Canadians from Europe (Scandinavia), just bought a fully renovated detached house for well under 400k in the best neighborhood in town, in their late 30ies, 4 small kids, professional non-regulated jobs, 150k yearly job income, NW 1.3M, 90% liquid, 10% house downpayment, fully invested in low volatility ETFs and slightly levered to 2M (1.5x) with income spewing conservative fixed income securities taking advantage of the ultra-low blended margin rate of 1.6% from an efficient broker + interest tax deductibility). Prior to buying our first house, we were living in Toronto renting a small apartment for 3k+/month. That is high, but trust me, if you have a wife who grew up in a country with quality construction (think Norway), she will not put up with a standard Torontian 3 bed app for 2k with a subpar craftsmanship in a so-so hood. We were contemplating buying in Toronto, but with a price tag close to 1.5M for houses/areas my wife found acceptable, the numbers, even with the rock bottom interest rates, simply did not make sense. Despite us willing to make a substantial downpayment of 35% (we were not qualifying based on regular job income for a 1.5M house, but we were pre-approved for a much larger sum based on our assets), we would end up with a total monthly carrying cost for housing of CAD9,000 (only the DP opportunity cost @ 7% would be over CAD3,000/m…). On the top of that, with four kids, our average cost of living would be CAD13,000/m+. Here, the housing carrying costs all in dropped to CAD2,300/m (the DP opp. cost is below CAD800/m) for a fantastic 5 bed house full of granite, Bosh stainless steel everything and with a royal garden. Public school for older kids is top notch. Quality kindergarten costs for younger kids are lower by CAD500/m + there was no waiting list. Car insurance decreased 50% saving us CAD150/m (as New Canadians with decades of spotless driving histories we were initially just sheets of white paper for Canadian insurers who had us for lunch, literally…). As we walk/bike to schools, our offices and grocery shops, we drive much less saving us CAD100/m. Hobbies for kids are 60% of Toronto prices saving us CAD150/m. There are NO traffic jams in this city, which is priceless. Once our kids grow up, they will have the freedom to live as close or far from us as they will desire. Our increase in life quality to almost Scandinavian level lowered our Canadian cost of living by over CAD2,000/m (vs. renting small app. in Toronto) / by CAD8,000/m (vs. owning a comparable house in Toronto). These are guaranteed tax-free monthly dividends purely as the result of our move. And we got to keep the same PM as a bonus :-).

All being said, our move suddenly put us into position where both of us can simply retire tomorrow with zero future need for any government handouts as our cash outflow are lower than our conservative and growing investment income (the 2M portfolio yields cash flow of 3% after accounting for the margin debt interest; the average annual total return on the portfolio has been much higher over the last decade meaning that our NW will keep on growing even if we retired today). Being quite happy with our jobs, I do not think we will retire quite yet. But I wanted to share our story to show that a re-location within 2 hours from one of the extremely overheated Canadian RE markets, especially for a family with small children and with actually quite average paying jobs on a per person basis, can dramatically increase both standard of living and family’s financial strength. It also offers us increased possibilities to travel throughout this amazing country and beyond with the extra cash flow / time and keep on exploring personal and professional frontiers closed-off to people choosing life-long debt slavery and torturous car commuting. One objection to our situation may be the relatively high NW, but that has been achieved by simply renting for 2 decades not owning any real estate, having 100% wiliness to relocate globally to where the suitable jobs were and meticulously investing any money surplus into a growth oriented portfolio regardless of whether markets were growing or falling. Hopefully, it will serve as an inspiration for younger folks reading this excellent blog that there is an alternative to the real estate rat race or those desperate blog readers sitting on CAD6M tax free home equity in Vancouver not knowing what to do.

#36 Jackson on 03.15.16 at 6:59 pm

Garth,

Is the Toronto condo market in for a soft landing, or full on bubble burst? In either event, you’ve been speculating on a price appreciation reversal for some time – what are the leading indicators you’re looking at before we’ll see the impact?

#37 Lee on 03.15.16 at 7:04 pm

Lotsa Houses still selling for 4 million in Toronto. I guess if there’s a pull back you can pick one up for 3.9. These were going for 1.5 seven years ago when you all called a crash.

#38 nonplused on 03.15.16 at 7:05 pm

Another view of the markets one can gather from RV sales is the effect the change in the CAD/USD rate is having on purchasing power even for those who have not lost their jobs. Canada used to have a robust RV construction industry but due to competition from the US is down to just 1 or 2 manufacturers now, so most RV’s come from the states and must be paid for in US dollars. Add to that up to $4000 per unit to get it to remote places like Alberta and the cost is going up up up. In 2008 it was the opposite effect. Plunging prices and a strong Canadian dollar highly incentivized buyers (I got mine for 25% off list by pointing out what the same unit was selling for in Michigan, thanks internet!) but these days the low dollar is leaving dealers with little negotiating room.

The Donald is many things if not unpredictable but he’s my choice because I think he and Sanders are the only ones interested in slowing America’s aggressive foreign policy of constant warfare. I hope the email scandal and the new protest scandal sink Hitlery because we already know what her foreign policy looks like (“we came, we saw, he died!”). And now she has a new “protest” scandal because it looks like it wasn’t Sanders that sent protesters to disrupt the Trump rally but instead George “man of constant sorrows” who is a big Hitlery supporter. This man never saw a protest he didn’t want to fund. Ted Cruz would be an absolute disaster because he believes he is called by Jesus to implement Armageddon. How these nuts survive the political process is beyond me. If Jesus wants to come back, so be it fine with me I’d even like to meet the man but I prefer maybe a lunch date rather than a nuclear war.

#39 crowdedelevatorfartz on 03.15.16 at 7:06 pm

@#13 A belieber

Let me guess.
You went for ANOTHER tattoo and you’ve had an adverse reaction to the hep C on the needle and in your feverish state you think us “wrinklies”
a) care
b) are stupider than a “belieber” if that’s possible.
c) have $10, $20 or even $30 dollars to “give” you.
d) need help changing our thirsty undergarments :)

#40 will on 03.15.16 at 7:10 pm

Pretty clear that election is not about Hair. Holy cow Trump has bad hair.

#41 jay on 03.15.16 at 7:10 pm

Hey, it’s only money, stay healthy.

#42 the Jaguar on 03.15.16 at 7:18 pm

Trump’s theatrics accomplished his goal to date: he got everyone’s attention. Critical thinking has been eclipsed by political correctness and people respond to authenticity because it is very short demand in the world today. That’s why Garth is such a hot tomato. He tells the truth. Once Trump clinches the nomination a whole new statesman like Donald will emerge. Bloomberg may have to step in to try to save the Dems.
We live in interesting times.

#43 the Jaguar on 03.15.16 at 7:19 pm

I meant “short supply”, not demand. Need to proof read more closely.

#44 Firebird on 03.15.16 at 7:20 pm

All the YVR hype. I don’t believe 90% of Canada cares what happens there. Let them battle it out, maybe the Chinese will win, who really cares. Let the locals eat themselves, who cares. If the shoreline moves to Hope, who cares. There’s more too Canada than YVR and YYZ. I lived there, YVR, for 2 years when my kids were small in 1980. Everything was pricey then compared to the prairies or east coast. Thank Heavens I am semi retired and live back on the east coast and within my means.

#45 pretentious hipster bicycles on 03.15.16 at 7:21 pm

#33 – New Canadian.

Welcome to Canada bud. Little piece of advice – don’t brag to your fellow Canadians about how great you are. This ain’t the US of A, and that sort of Capitalist wealth accumulation is likely to get you some backlash from the happy clappy justin brigade because it’s just not fair that you have more than me…

#46 Gregor Samsa on 03.15.16 at 7:22 pm

So… Among his other evils, Trump is going to kill the Vancouver housing market? (I kid, I kid).

It’s interesting to look at the collection of people opposed to Donald Trump, it’s like a who’s who list of the people who one SHOULD be angry at: The Bush clan, Mitt Romney, warmongering neo-cons of all stripes, George Soros, oligarch Billionaires, Fox News, Hitlary Clinton, etc.

If I were American, I’d vote for Trump too. This article explains why: http://www.unz.com/ishamir/the-blessed-bigotry-of-mr-trump/

#47 Berniebee on 03.15.16 at 7:28 pm

Not surprising that Vancouver’s youngsters are leaving.

Priced out of owning, they are discovering that they are paying more for everything else too. Because Vancouver’s inflated real estate has jacked up costs for every local business. So even if you rent, you’re still paying for high real estate costs.

The city is a lose- lose proposition for any 30 year old who wants to build wealth, let alone raise a family.

And speaking of family, there’s the other contributing factor for shrinking youth numbers. No one can afford the space to raise kids any more. I foresee that trend accelerating.

#48 Andrew Woburn on 03.15.16 at 7:31 pm

Meanwhile, the kids are leaving.
————————————–

Here’s where they are going.

http://business.financialpost.com/personal-finance/mortgages-real-estate/millennials-fleeing-vancouver-for-cities-with-more-affordable-housing-threatening-citys-tech-economy

Employment in high tech companies in Victoria collectively now rivals government payrolls and will continue to drop the median age in the city. I lived in Victoria in the Eighties and I notice there seems to be a younger crowd downtown these days and the city is busier. Maybe this trend helps explain the very different views expressed on this blog about the future of Victoria real estate.

#49 pretentious hipster bicycles on 03.15.16 at 7:32 pm

Firebird #41
I lived there, YVR, for 2 years when my kids were small in 1980. Everything was pricey then compared to the prairies or east coast. Thank Heavens I am semi retired and live back on the east coast and within my means.
—————————————–

You lived in an airport for two years??? Everyone knows airport food is overpriced yet you remained there for two years and raised two kids? Crazy.

#50 SI2K on 03.15.16 at 7:39 pm

I love how the chart shows that Gen X already left, and nobody cares. And a good number left the country to work in California, even, fwiw. 35 – 45 is Gen X, tyvm. A few of us are still here, mostly running your Internet. You know, that thing we built – our very minor economic contribution!

#51 pun police on 03.15.16 at 7:42 pm

#49 pretentious hipster bicycles

Ha ha very punny. Now here’s your ticket.

#52 Retired Boomer WI on 03.15.16 at 7:45 pm

#27

#53 A Yank in BC on 03.15.16 at 7:47 pm

#34 Lee on 03.15.16 at 7:04 pm

There may be homes in Toronto that sell for 4 million.. but will the local job market support those kinds of nose-bleed valuations when interest rates normalize.

#54 Firebird on 03.15.16 at 7:49 pm

You lived in an airport for two years??? Everyone knows airport food is overpriced yet you remained there for two years and raised two kids? Crazy.

#49 pretentious hipster bicycles 

Lived in Richmond. Went back to visit not too long ago. Looks like China Town moved from downtown Vancouver and took over Richmond.

#55 Berniebee on 03.15.16 at 7:50 pm

#37 LEE “Lotsa Houses still selling for 4 million in Toronto. I guess if there’s a pull back you can pick one up for 3.9”

Could YOU cover a 100 grand loss? Ouch. All the people who will buy at the top and lose just 10% on their million dollar “investments”. It’s coming. You know it. I know it. We just don’t know when. But it’s a haircut they won’t soon forget.

#56 Mean Gene on 03.15.16 at 7:53 pm

Betty needs to realize she has been priced out of the market in the City of Vancouver AND the market has done her a favour.

#57 Retired Boomer WI on 03.15.16 at 7:54 pm

#27 FOR THOSE ABOUT TO FLOP…

I do not know when NM has their primary day. Probably like WI (early April) when all the fun has abated.

I will watch the actual numbers tonight about 10-11pm they should get a decent read.

If Kasitch can’t win Ohio he will go bye-bye. I will assume the same with Rubio in Florida. He is their senator now, and hasn’t performed too well, if he can’t win Florida, they are kicking him to the curb.

Crowd control, eh? If their primary day coincides with your visit, why not pick up a few extra bucks, or get paid off in beer? Either would work ok by me…

I really do not enjoy the parade of idiots we go through every political season. What we REALLY NEED in the US. is another two parties. ‘US’ and ‘THEM’ I feel is no longer serving the needs of the nation adequately.

Both parties are essentially controlled by big money, and both beholden to the military-industrial complex.

Trump might be a change agent in that scene.
1. Has to get elected.
2. Has to survive.

Neither is assured, is it?

#58 JG on 03.15.16 at 7:55 pm

All I can say is the world is full of fools. I am 58. I have never, nor would I ever in the future, buy a home over list or get into a bidding war. I have no emotional attachment to a home before the purchase. Its a business decision with me.
I should have become a realtor to take advantage of these fools with full backing of the CDN Gov’t. Not ethical, but legal. It seems to be one of the few industries left with few rules.

#59 Mr. Obvious on 03.15.16 at 8:03 pm

He may be “prejudiced”. I don’t think. He is NOT prejudging. He does knows about these other people or customs. He may be intolerant of them. That would qualify him as being racist.

#60 Jedi Command on 03.15.16 at 8:09 pm

We are on are way to help you deal with your version of George Palpatine but we are still several parsecs away so resistance is vital. The dark force is strong with this man. Notice his skin is sagging and turning white, meaning he is using the dark force excessively. But be wary, he likely can still make force lightning and disrupt freedom of speech.

#61 Bank of Millennial on 03.15.16 at 8:11 pm

#35 New Canadian

As young 20 something who has been following the strategy you just outlined for the past 2 years, I am glad to hear of your resounding success.

Cheers to good health.

#62 Ronaldo on 03.15.16 at 8:14 pm

#13 A belieber on 03.15.16 at 6:12 pm

”Attention Vancouver Wrinklies:

With no young people left in your city I will be offering the following services: ………………….bla bla bla”

At least then there will be seats available at the local coffee shop for us wrinklies when the young who currently take up all the space by setting up office in just about every place you go to. There they sit glued to their laptops and Ipads for hours at a time taking the space of 4 persons with all their papers scattered about. They spend hours there, with their empty coffee cups while people walk in and walk out cause no place to sit. Makes one wonder how these places stay in business. Am sure I’m not the only one that has noticed this. LOL

#63 Mr. Frugal on 03.15.16 at 8:19 pm

The silent majority is no longer silent. The progressive left is in for one rude f*$king awakening. Democracy is a batch when it doesn’t go your way. Give me he’ll Donald.

#64 Mr. Frugal on 03.15.16 at 8:22 pm

Give ’em hell Donald. (F’ing BlackBerry autocorrect.)

#65 Predictions on 03.15.16 at 8:24 pm

2. Trump won’t win.
No matter what Putin wants. Rubio versus Hillary seems way more likely. Obama-in-heels will win. The markets will love it.

—–

Little Marco, the establishment candidate is done.
What’s next? How about the love of the market?

#66 Saskatcheronto on 03.15.16 at 8:26 pm

The best two articles I’ve seen on the US election so far. Fascinating study in contrasts.

Donald:
http://news.nationalpost.com/full-comment/andrew-coyne-trump-is-winning-not-in-spite-of-his-vices-but-because-of-them

Hilary:
http://www.theonion.com/article/hillary-clinton-appears-rally-completely-nude-bid–52516

#67 Heisenberg on 03.15.16 at 8:26 pm

Garth, the drop in motorhome registrations and sales is perfectly logical, as Alberta is traditionally the province most obsessed with camping:

http://www.cbc.ca/news/canada/calgary/province-caters-to-albertans-obsession-with-rv-camping-1.2641922

So it makes sense that the province that is suffering the most from the oil price plunge would bring down the country-wide averages for recreational vehicle purchases.

Here in Vancouver, like #11 TRT said, it doesn’t matter what happens in the rest of the country. We have enough cash inflows (from legitimate and questionable sources) that we are immune to the fundamentals that are bringing down other provinces.

BTW, the average price of an apartment in Manhattan is almost $2 million. US. And no, there’s no houses to buy. Maybe Vancouver is finally being appreciated for what it’s actually worth?

#68 45north on 03.15.16 at 8:32 pm

Vancouver (like Toronto) has a housing market with a casino mentality. People are being forced into buying decisions, and debt loads, which may well prove rash and destructive.

Vancouver real estate is a national crisis. It’s gonna pop.

Here’s a nice picture of Justin Trudeau:
http://www.macleans.ca/politics/ottawa/the-truth-about-justin-trudeaus-tax-cuts/

notice the banner “real change for the middle class”

It’s not the kinda change they like

#69 Guillaume on 03.15.16 at 8:33 pm

# 6 Chadywack

Trump and T2 did inherit from there respective fathers, one has turned 200 million into 7 billion, what has the other one done ? Gone to the Gay pride…..
poor of us !

#70 Canadian news on 03.15.16 at 8:38 pm

Rubio is out for 10 minutes, CTV live is reporting about Florida as if didn’t happen yet… Unbelievable…

#71 pathcontrolmonk on 03.15.16 at 8:41 pm

#35 New Canadian

Garth, can we now start propagating racial stereotypes about the invading Scandinavians? HAM; Hot Aryan Money.

#72 Smoking Man on 03.15.16 at 8:46 pm

Just noticed cat head.

Bye little Marco. Go Trump

#73 Marcus on 03.15.16 at 8:48 pm

Oh so this is the plan. Rush Limbaugh today made this prediction. Rush Limbaugh predicts that if it goes to a brokered convention then Jeb Bush will be the choice of the establishment. https://www.youtube.com/watch?v=q8SWAk_Rqw4

#74 pathcontrolmonk on 03.15.16 at 8:50 pm

By the way, the brain drain out of Vancouver is hardly a new phenomenon but has been compounded by the most recent housing orgy. US recruiters have been scooping up Canadian techies since the loonie started cratering in 2014. Never mind Canada’s feeble startup sector, the banks, tech and even the public sector can’t keep up with the growing attrition especially when nobody wants to move to where a bungalow costs $2 mil.

#75 SWL1976 on 03.15.16 at 8:50 pm

If Donald really is the saviour for America and for the working people, and if he does what he claims and really does spill the beans on 9/11 – I fear he will end up with the same fate as JFK, but with a 21st century twist.

I really don’t see Donald as a beacon of hope for America.

He is a man who is campaigning on and spreading hate. And mass hate is a beast that is not easily tamed. Never under estimate the stupidity of people in large crowds

Donald Trump is a true demagogue who is spreading fear and hate amongst an angry and misinformed population

I’d say the political and social structure in America right now, in combination with their incessant police state is a powder keg looking for a spark

#76 CTV live from Florida on 03.15.16 at 8:51 pm

Rubio is out of the race for 27 minutes, as breaking news – still not a single word about it on CTV news “live”… WTF?

#77 dirty debtor on 03.15.16 at 8:53 pm

Say what you want about trump, at least he says what he wants.

#78 Randy on 03.15.16 at 8:55 pm

Seems like Conrad Black took Garth’s advice. Sell Now at the top

http://www.thestar.com/news/gta/2016/03/15/conrad-black-sells-mansion-stays-put.html

#79 Freeman on 03.15.16 at 8:59 pm

Trump is the ONLY politician who wants to get rid of the Trans Pacific Free Trade Deal. He wants to get rid of all free trade deals in fact.

He’s going to build an ‘island America’, one that is walled off and builds all of its own stuff, the way it used to be.

That is why so many people are voting for him.

#80 For those about to flop... on 03.15.16 at 9:02 pm

Hey Boom, I just looked at the primary dates…
What I got was WI April 5th.
New Mexico June 7th,I could be dead by then,maybe Donny Rump could be as well…

M41BC

#81 TRUMPOCOPALYPSE on 03.15.16 at 9:03 pm

#64 Mr. Frugal on 03.15.16 at 8:22 pm
Give ’em hell Donald. (F’ing BlackBerry autocorrect.)

I believe you meant heil trump.

#82 understood by few on 03.15.16 at 9:04 pm

#65 Saskatcheronto

You know the onion is satire, right? Right?

A better read than the NP, though. I’ve given up on most traditional new sources. Investigative journalism is dead. It’s all headlines and clickbait. How many times has the province stated (as fact) it’s Chinese money affecting Vancouver? How much evidence have they given? None. Oh, but they were just quoting a realtor, or a previous article which was quoting a realtor.

A news outlet made a completely fake statement about me. It wasn’t even from another article, and they never spoke to me… They just made it up to embellish their story. It’s not worth correcting and definitely not libelous, but still, where has the credibility gone? Most people still trust news sources, so when they clearly state, “foreign investment is driving up Vancouver real estate.” It is taken as fact, not opinion or hearsay.

Maybe I’m just growing more jaded in my years and it has always been like this to some degree, but the decreasing budgets and real-time click/stream metrics can’t be helping the quality of traditional media. Truth? Meh, truthy is good enough.

#83 Armageddon ? on 03.15.16 at 9:09 pm

Some loud mouth who behaves like a petulant 10 year old and looks and looks like a cartoon character with that squirrel nest on top his head could soon be in charge of America’s nuclear launch codes. God help all of humanity.

#84 Mr. Frugal on 03.15.16 at 9:11 pm

It’s funny how people blame Trump for spreading hate. What about the progressive left? They’ve basically weaponized political correctness in order to shout down anyone whose opinion differs from their own. What about Black Lives Matters. Tell me that’s not hate speech. Trump is just saying what a lot of Americans are thinking. He knows the herd and that’s why he’s going to win.

#85 ronh on 03.15.16 at 9:12 pm

#4 that guy

Have you read the book, The Deliberate Dumbing Down
of America by Charlotte Iserbyt?

Trump is not just riding anger/racism to the White House.

#86 For those about to flop... on 03.15.16 at 9:12 pm

#80 TRUMPOCOPALYPSE on 03.15.16 at 9:03 pm
#64 Mr. Frugal on 03.15.16 at 8:22 pm
Give ’em hell Donald. (F’ing BlackBerry autocorrect.)

I believe you meant heil trump.

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

Don’t worry about that one,”democracy is a batch”is an even better quote to use…

M41BC

#87 Freedom First on 03.15.16 at 9:16 pm

#61 Bank of Millennial on 03.15.16 at 8:11 pm

#35 New Canadian

As young 20 something who has been following the strategy you just outlined for the past 2 years, I am glad to hear of your resounding success.

Cheers to good health.

*-*-*-*-*

Good job both of you. Just keep following my advice as I post here and this blog and you’ll do just fine $$$$$$.
Freedom First.

#88 Ronaldo on 03.15.16 at 9:16 pm

#73 Pathcontrolmonk

”especially when nobody wants to move to where a bungalow costs $2 mil.”

Same thing in the 80’s when prices in the lower mainland skyrocketed. Companies could not get people to move from other parts of the country without huge incentives. Most were just not able to afford the move where prices were double what they were from where they were coming from. Only thing different today is that it is much much worse. Young people were moving out back then as well as could not afford to live there. This has all happened before. Just that we have short memories.

#89 diversified on 03.15.16 at 9:17 pm

#35 New Canadian:
Can you share with us where you are located? I am thinking of moving out of GTA.

Thanks,
diversified

#90 CTV live from Florida on 03.15.16 at 9:22 pm

It’s been an hour since Rubio drop out of the race and still has not reached the news desk and the screen of CTV live news channel.

Bell might as well hand in the broadcasting license to CRTC.

#91 WalMark of Sadkatoon on 03.15.16 at 9:26 pm

something needs to slow down the real estate prices in Vancouver and Toronto. dunno what that’ll be. jobs still strong in both cities. esp tech. which is booming everywhere. inflation is also comfortable. no worries there. and the US? looks like shillary vs drumph. epic. the winner? Americans

#92 WalMark of Sadkatoon on 03.15.16 at 9:27 pm

hitlary will crush the burn and set up an epic showdown w drumph

#93 sockeye sam on 03.15.16 at 9:30 pm

Alberta’s in Surrey.
Drove out to Surrey today from the bent side of Van.
Wow! Lots of Alberta plates. Must be living out of motels cause there aint no places to rent.
Visited my 90 year old Mom in the old folks home. I encourage everyone to walk through an old folks home every now and then. You’ll never worry about owning a house again. Just thank the big guy upstairs for being healthy and alive. Who cares how much you’ve got. Most of it ends up in the land fill.

https://www.youtube.com/watch?v=4x_QkGPCL18

#94 Panhead on 03.15.16 at 9:32 pm

#81 understood by few on 03.15.16 at 9:04 pm
#65 Saskatcheronto

I’ve given up on most traditional new sources. Investigative journalism is dead.

Mainstream media is nothing more than an excuse to deliver commercials now. But they must be given credit … they figured out how to get us to pay for it.

#95 Chris on 03.15.16 at 9:34 pm

I still think Garth is wrong about the US – its doing ok, but nowhere near the great level he blathers on about repeatedly. But, if he’s right, that will only help Canada. I think this gap between the US and Canada is nowhere near as wide as Garth suggests – we are tied with an elastic – sure it gets stretched one way or the other once in a while but always snaps back. Do what you all want, but I’m happy with my home, job, investments and life right here in the true north, thank you very much.

#96 meslippery on 03.15.16 at 9:36 pm

Registrations of motor homes in January (year/year) just tumbled 54.2% in Canada, while they increased 6.6% in the States. It’s an astonishing divide.

K but you can live in a RV in the US all year round??
Just drive to find nice weather.

#97 WUL on 03.15.16 at 9:40 pm

Mr. Turner:

My thanks for your enlightening and sagacious posting today. I must tell you about something that really caught my eye however.

“The Canadian medical community, in particular epidemiologists, is mystified by an immediate transformation of a medical syndrome between October 18 and October 20, 2015. Overnight and coinciding with a federal election, a syndrome which afflicted 60% of the Canadian electorate, Harper Derangement Syndrome (HDS) morphed into a new strain identified as T2DS and more significantly leapt instantaneously to a different 30% of the electorate. Notably hard hit by the new and virulent affliction was the demographic of 60 to 90 year-olds in Alberta.

When reached at the Centre For Disease Control in Atlanta, Georgia, the Chief of Cardiac Surgery, Dr. Smoking Man said, “Personally, I am watching for a similar new strain to jump from Republicans to Democrats in the ensuing months, and quite frankly, the bastards deserve it.”

Two sources:

The New England Journal of Medicine; and

Me.

#98 New Canadian on 03.15.16 at 9:42 pm

#88 diversified on 03.15.16 at 9:17 pm
#35 New Canadian:
Can you share with us where you are located? I am thinking of moving out of GTA.

Thanks,
diversified

/////////

in one of the larger cities west of GTA served by train

#99 Ernie on 03.15.16 at 9:45 pm

#13 A belieber
/////////////////////////////////////////////
Move out of moms basement , grow up and get a life!

#100 Bottoms_Up on 03.15.16 at 9:45 pm

#35 New Canadian on 03.15.16 at 6:55 pm
——————————————
The key with your situation is your $150,000 family income in a middle size Canadian town. That is not an easy feat for many families.

#101 tundra pete on 03.15.16 at 9:46 pm

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning” – Henry Ford.

Sound advice from someone in the know. The Republicans and Democrats are also in the know. They intend to keep the American people glued to their devices watching the “Trump” entertainment show.

They will surely think they are making a difference in their “virtual reality” so long as “Trump” entertainment keeps them looking down.

#102 Setting the Record Straight on 03.15.16 at 9:51 pm

http://www.unz.com/ishamir/the-blessed-bigotry-of-mr-trump/

#103 Apocalypse2016 on 03.15.16 at 9:52 pm

BEWARE THE IDES OF MARCH!

From this tremulous position in the calendar, much can be foreseen for 2016:

It will be a year of political assassinations and disruption like never before. Will Trump escape? Hillary? Obama?

Global terrorism is only quieter now in preparation for much bigger ISIS attacks, as promoted in the media last week.

The Canadian economy is about to tip over into a major recession, with a million layoffs by next year.

It will be a year of unbridled climate catastrophe, food shortages and disease outbreaks.

Wars, old and new, will emerge or intensify. Ukraine, Syria are only in a lull, waiting to explode.

The political chaos in Brazil right now will spread through Latin America. Expect the Rio Olympics to be disrupted, even cancelled.

Vigilantism against the wealthy around the world will become a phenomenon this year, with murders and retribution.

Large scale hacking events will disrupt the internet like never before.

The real estate meltdown will take hold fully across Canada, and personal debt bubbles will be bursting everywhere.

Chaos will be on our streets, not just the television news.

#104 the Hammer on 03.15.16 at 9:55 pm

“Make the lie big, make it simple, keep saying it, and eventually they will believe it.” Adolf Hitler.

Carl Bernstein says the Donald is a neo-fascist…maybe a proto-fascist, more likely the misplaced spawn of PT Barnum. He gets nominated; he gets slaughtered. If not, we are approaching ‘Idiocracy’ standards. Please…he is a frickin’ real estate developer. Ick.

#105 conan on 03.15.16 at 9:58 pm

Donald J Trump, AKA The dude with the orange cat living on his head.

#106 Smoking Man on 03.15.16 at 9:59 pm

The Machine at work, The progressive left have the moral high ground, all inclusive love fest, while destroying traditional values, creating division.

Venomous hate to anyone that disagrees with the unproven narrative, a fantasy, a tail of fiction.

Millennials vs Boomers.
Woman vs Men
Black vs White.

I takes your eye of the ball, a magic trick. While you stupid Humans fight over the small stuff.

Your standard of living keeps sinking, your only source of happiness and thrill is watching ideology rivals get wacked. More pleasurable to you than figuring out how to make your next easy million.

The rich get richer by keeping you fighting.

The secret hidden leaders of the left and right vacation together and divvy up the bounty. Devos, Bilderburg. etc etc.

The Donald don’t get invited to those powwows.

That’s why you should vote for him if you can.

If you know him like I do, He’s not right or left, Man or Woman, Black or White.

He knows how to win.

#107 DON on 03.15.16 at 10:01 pm

#48 Andrew Woburn on 03.15.16 at 7:31 pm

Meanwhile, the kids are leaving.
————————————–

Here’s where they are going.

http://business.financialpost.com/personal-finance/mortgages-real-estate/millennials-fleeing-vancouver-for-cities-with-more-affordable-housing-threatening-citys-tech-economy

Employment in high tech companies in Victoria collectively now rivals government payrolls and will continue to drop the median age in the city. I lived in Victoria in the Eighties and I notice there seems to be a younger crowd downtown these days and the city is busier. Maybe this trend helps explain the very different views expressed on this blog about the future of Victoria real estate.
******************************

I don’t see the booming tech sector in Victoria. I hear of some companies but not enough to support an exodus from Vancouver. Perhaps I am looking in the wrong place…nah. Most of these firms are app startups, I also remember the dot com boom in Vancouver and we all know how that ended.

There are always young people in the downtown core, that’s the only thing of excitement downtown. The streets are dead at lunch, coffee shops empty, folks returning from Alberta…just don’t see the day to day hype. We shall see…but my gut tells me we have yet to feel the hang over from all the partying and spending. I am hearing that lots of people are starting to get taxed to death…MSP Premiums, ICBC rate increases, Hydro rates up up and away…Hell even camping rates went up this year on opening day.

No longer can we trust newspaper articles as they have become advertisers…and lack journalistic integrity in most cases – always an agenda or angle.

#108 Diaz on 03.15.16 at 10:09 pm

Have you seen this yet? I thought it was great

https://www.cdhowe.org/sites/default/files/attachments/research_papers/mixed/Commentary_441_0.pdf

#109 TrumpNation on 03.15.16 at 10:12 pm

Can’t STUMP the TRUMP.

#110 Ernie on 03.15.16 at 10:16 pm

#37 Lee
//////////////////////////////////////////////
you must be a know it all millenial !! I hope you are all in when the correction raises its ugly head, I’d offer “good luck” to you but I don’t care what happens to you and yours,DICK!

#111 Smoking Man on 03.15.16 at 10:16 pm

#99 Bottoms_Up on 03.15.16 at 9:45 pm
#35 New Canadian on 03.15.16 at 6:55 pm
——————————————
The key with your situation is your $150,000 family income in a middle size Canadian town. That is not an easy feat for many families.
…………

That’s because they can’t think. School taught them to be good little dogs, show up for work, behave, get the pat on the head.

How this unschooled Nectonite thinks.

To make a (1,000,000) million bucks a year just figure out how to make 0.09 cent’s per second for 8 hours a day. No so hard when you think like this.

Millions of ways to do that if you only had a brain.

Punching a clock aint one of them. Yet that’s what everyone fights about. Man vs Woman Old vs Young, Black vs white. Hilariously fighting over punching a clock.

Yes humans are that dumb, and it’s 100% your teachers fault.

Do you not see why Nectonites are superior.

Dr Smoking Man
Phd Herdonomics.

#112 cramar on 03.15.16 at 10:17 pm

#185 Reasonfirst on 03.15.16 at 4:17 pm

Garth, we said goodbye to our dog a few months ago and was planning on taking a dog break but pics like that make it hard for me to resist getting a new one. (for a dog in general, not the bum licking part…really!)

A day without a dog is a day incomplete. — Garth

——————————

Ain’t it the truth! Today we are alone.

Our bellowed pooch is locked in a cage for two days at the vet, recovering from surgery for a blown tendon in a rear leg. Our missing her pales next to what she must be feeling in a tiny jail cell thinking her owners abandoned her. The anguish for me is that the dog doesn’t understand that it is for the best and we will arrive Thur. to bring her home again.

Last Friday she took off after a squirrel and in full stride yelped then stopped. I called her several times but she just stood there frozen looking at me. When I walked up to her, she had a look in her eyes that said, “Help me, I can’t walk!” That look haunts me.

I don’t know how people one paycheck away from financial disaster cope with a four digit vet bill. Fortunately for us that is the least of our concerns.

#113 Ernie on 03.15.16 at 10:20 pm

#45 pretentious hipster bicycles on 03.15.16 at 7:21 pm

#33 – New Canadian.

Welcome to Canada bud. Little piece of advice – don’t brag to your fellow Canadians about how great you are. This ain’t the US of A, and that sort of Capitalist wealth accumulation is likely to get you some backlash from the happy clappy justin brigade because it’s just not fair that you have more than me…
/////////////////////////////////////////////

I couldn’t agree more , share nothing with anyone. Most people are so envious and jealous . Rather than congratulate you they will scorn you .How pathetic!!! Losers!!!

#114 GIVE IT UP ALREADY V.R.E.UPDATE on 03.15.16 at 10:23 pm

#23 Victoria Real Estate Update on 03.15.16 at 6:35 pm
Canada’s debt-bloated housing market is indeed being further bloated by the Ponzi scheme attitude of Canadians who think that prices will always go higher.

They’re wrong.

This destructive thinking/attitude has been a necessary part of the inflation of housing bubbles worldwide over the past 40 years.

It’s destructive to buy based on the assumption that the value of any asset can only go higher, especially when that asset (Canadian housing) is obviously in a bubble and when such a big chunk of buyers today are gambling with high risk, high ratio mortgages.

This attitude pushed prices higher in the US, Ireland, Japan, Greece, Iceland, Spain, etc. and was a big part of the reason house prices crashed in those countries. The reason is simple: at this stage of the inflation of the bubble the least credit worthy buyers enter the market in numbers at the highest prices.

That prices fall after this is inevitable.

What seems hot and wanted one day by the herd can suddenly seem cold and unwanted the next.

It isn’t different in debt-bloated Canada.

TELL THAT TO THE FOREIGNERS YOU DUMBASS.
lOCALS COULDN’T AFFORD THEM ALREADY LONG AGO.
FIND A NEW HOBBY OR YOU WILL SOON DIE BROKE AND MISERABLE AS THIS MARKET WILL ALWAYS PROPPED UP BY OUR GOV….CHEERS v.r.e.u

#115 TRUMPOPOCALYPSE 2016 on 03.15.16 at 10:25 pm

#102 Apocalypse2016 on 03.15.16 at 9:52 pm

You are a TOTAL LOSER.

#116 CalgaryCarGuy on 03.15.16 at 10:29 pm

Re #95 meslippery
K but you can live in a RV in the US all year round??
——————————————————————–
Heck I’ve been living in an RV (a very nice large one) for three years now in the foothills west of Calgary on a large rented property. Comfortable, warm, peaceful and CHEAP living. It’s like a luxury apartment on wheels really. The added bonus is if the economy tanks enough here I can fire it up and move.

#117 AfterTheHouseSold on 03.15.16 at 10:29 pm

#88 diversified
“Can you share with us where you are located?”

#97 New Canadian
“in one of the larger cities west of of GTA served by train”

Guelph? University, arts, culture, interesting architecture, local transit system, train, vibrant community, hiking trails, lots of green space and more. Well worth checking out even if not the one where New Canadian lives.

#118 april on 03.15.16 at 10:30 pm

#66 -Yes but Van is a dump compared to Manhattan.

#119 New Canadian on 03.15.16 at 10:31 pm

#99 Bottoms_Up on 03.15.16 at 9:45 pm
#35 New Canadian on 03.15.16 at 6:55 pm
——————————————
The key with your situation is your $150,000 family income in a middle size Canadian town. That is not an easy feat for many families.

//////

Good point. Yet what truly surprised me after our initial landing in Toronto, was that we now get higher quality for our main needs as a young family (good sized housing with a big garden in a nice family friendly neighborhood, schools, childcare, kids hobbies, doctors, no time wasted in traffic…), for dramatically less money. Considering point raised by #45 pretentious hipster bicycles (no worries, we are very low profile people driving a 10 yr old car (not a Kia though)which I plan to keep until at least 200k miles :-)), I will keep my SIN private, but here is the breakdown of our family monthly cash flow (for the simplicity I will assume away the opportunity costs) meticulously tracked ever since we moved here couple of months ago: mortgage 1,150 on slightly over 200k debt with 35% down; heating +hydro 220; taxes 350; home insurance 100; basic maintenance 100 (the house got rebuilt top to bottom as they say); groceries + various household expenses CAD1,000 (we eat out maybe once per year); other insurances 150; hobbies 350; kinder costs for two kids after the universal gov. handout 1,500; phones 25 (we both have owned / pre-paid as we use it minimally taking maximum advantage of VoIP if need be); internet 50; cable 0 (we have never owned a TV); gas 50; basic car repairs 100; miscellaneous budget on average 500 (while I would like this to be 0, there is always that amazon purchase, need for some sports equipment, a little extra travel etc.) for a total of 5,645. This is quite an interesting number as it equals 68k net / 90k gross one income or 34k net / 40k gross two incomes not even incorporating various available tax credits for families / couples. That sounds to me as very achievable even in a mid sized Canadian city like ours. On the top of that, we went for the luxury housing option; many much cheaper (think easily 50% less expensive), yet still high quality family housing options abound in this city without any bidding wars whatsoever. Another consideration is that in the single income scenario, while still retaining the luxury housing choice, you could eliminate the kinder costs and use the child support money for feeding the kids for instance lowering the single income net / gross requirements to 54k / 69k pre- tax credits , which again sounds as a very reasonable scenario for most Canadian families.

#120 THE DONALD on 03.15.16 at 10:33 pm

HEY WHITE HOUSE….HEY T2

YOUR ALL FIRED !!!

#121 Smoking Man on 03.15.16 at 10:34 pm

By the way, I’m killing the book. I’m good at writing.

Took me ten years to become the best code smith in the world in my area of expertise.

I’m on year seven fiction writing. I’m almost the best.

Website that every good pro fiction wirter editor uses to evalute work.

https://www.autocrit.com/

I have copied and pasted outer peoples work, bad, shit.

I score huge, And I’m not into the final edit yet.

Nothing beats The University of Google.

Fire the teachers, we don’t need them selling the Devos, and Bilderburg agenda.

#122 Freedom First on 03.15.16 at 10:36 pm

#99 Bottoms_Up on 03.15.16 at 9:45 pm

#35 New Canadian on 03.15.16 at 6:55 pm
——————————————
The key with your situation is your $150,000 family income in a middle size Canadian town. That is not an easy feat for many families.

*-*-*-*

You’re the best bottoms up! When you’re in Alberta, look me up and we’ll have a coffee some time.
Freedom First. It’s great to be me.

#123 John in Mtl on 03.15.16 at 10:48 pm

@ #102 Apocalypse2016 on 03.15.16 at 9:52 pm

“From this tremulous position in the calendar, much can be foreseen for 2016:…”

Facts, credible authors, etc…?

I need to know if I should invest in a fully stocked nuclear shelter, buy the Reynolds tin foil factory or move to Mars or Smoking Mans’ planet Necton.

#124 pathcontrolmonk on 03.15.16 at 10:48 pm

#87 Ronaldo

Vancouver’s SFH prices in the 80s were not equal to 15-20x median income. An engineer can move to the US, easily make 50% more (at current USD) for a lateral move and buy a sweet house in Seattle for far less than $1 mil.

#125 Smoking Man on 03.15.16 at 10:50 pm

#114 TRUMPOPOCALYPSE 2016 on 03.15.16 at 10:25 pm
#102 Apocalypse2016 on 03.15.16 at 9:52 pm

You are a TOTAL LOSER.
….

Figure out how to make 92 cents per second and you wont care.

People like me might add to the debate for purely selfish boredom reasons. Get em going so to speak.

Rial up clock punchers, then take a demented form of pleasure watching them smash each others brains in with hammers made of words.

Some people like Hockey.

HUMANS !!!!!!!!!!!!!

#126 Capt. Obvious on 03.15.16 at 10:52 pm

So apparently with Trump people think politics is sport and you get a Cup when you win. What ever happened to wanting leadership that espouses a better future for all citizens? As a test case though, I really am interested to see how it all turns out. I’ve never seen a politician so blatantly tell people what they want to hear with no intention to do any of it.

Also, I have tulips for sale. Tulipmania >> T2Mania. Get in before it’s too late.

#127 ROCK BEATS PAPER on 03.15.16 at 10:55 pm

” Americans are feeling good.” Now I understand why The Donald and The Bern are on the rise. Garth, if only you could jump into the race, we would have 3 utopian fantasies to peddle.

#128 Smoking Man on 03.15.16 at 11:10 pm

Good night while I’m still ahead.

Go trump, My chronic boredom is finally stimulated.

#129 hope & ruin on 03.15.16 at 11:12 pm

#121 Freedom First on 03.15.16 at 10:36 pm

Freedom First. It’s great to be me.
___________________________

lol. glad you’re back.

#130 PR on 03.15.16 at 11:13 pm

#103 the Hammer on 03.15.16 at 9:55 pm
“Make the lie big, make it simple, keep saying it, and eventually they will believe it.” Adolf Hitler

——

Virtually all modern corporate and political PR practice has adopted this observation.

#131 James on 03.15.16 at 11:14 pm

#2 Smoking Man on 03.15.16 at 5:44 pm
Donald Trump this week passed the 50% support level among Republican voters. Tonight’s vote could put him over the top. He may be divisive, combative, intolerant and prejudiced, but the time for mocking has passed.

It’s called push back from political correctness.

Coming to a theater near you in the great white north next election cycle.
……….:…………………..
Come on now your not smart enough to pontificate let alone pen with such clarity, so where did you cut and paste from Smoking Goof?

#132 Smoking Man on 03.15.16 at 11:15 pm

One more, with anonymous going after Trump.

Outed to me, CIA, NSA or Mossad.

#133 BK on 03.15.16 at 11:20 pm

#62

But who then will wipe your a$$ when all the beliebers are gone? You need us

#98

Better off there than in your basement. Relive your life again starting now and you would be in my basement!

Stop hiding behind all your money. You are no better or smarter than us.

#134 Keith in Calgary on 03.15.16 at 11:22 pm

So as see it……..

A – choose someone who has made billions

B – Choose someone who has begged, borrowed and stole bil

ions

#135 BK on 03.15.16 at 11:25 pm

I like Trump.

He had me at “Americans will be saying Merry Christmas again”

Canada could learn from him.

Says it how it is

#136 Shirley Valentine on 03.15.16 at 11:25 pm

#131 Smoking Man on 03.15.16 at 11:15 pm

One more, with anonymous going after Trump.

Outed to me, CIA, NSA or Mossad.


Oh you studly beast of a man… When’s the book out?

Are you really bald with your finger on the red button?

And when do I get a ride in the spaceship.? there is room for two in there.. hopefully a tight fit.

#137 Smoking Man on 03.15.16 at 11:25 pm

#130 James on 03.15.16 at 11:14 pm
#2 Smoking Man on 03.15.16 at 5:44 pm
Donald Trump this week passed the 50% support level among Republican voters. Tonight’s vote could put him over the top. He may be divisive, combative, intolerant and prejudiced, but the time for mocking has passed.

It’s called push back from political correctness.

Coming to a theater near you in the great white north next election cycle.
……….:…………………..
Come on now your not smart enough to pontificate let alone pen with such clarity, so where did you cut and paste from Smoking Goof?
…..

Know a thing or too, been to Bilderburg, didn’t like em, total contempt for lefties and rightes. Bastards. Freak show stoned mega rich.

The bad grammar and spelling is to throwt algos I helped invent.

Nothing beats turning on the shower with vise grips.

#138 Smoking Man on 03.15.16 at 11:37 pm

#122 John in Mtl on 03.15.16 at 10:48 pm
@ #102 Apocalypse2016 on 03.15.16 at 9:52 pm

“From this tremulous position in the calendar, much can be foreseen for 2016:…”

Facts, credible authors, etc…?

I need to know if I should invest in a fully stocked nuclear shelter, buy the Reynolds tin foil factory or move to Mars or Smoking Mans’ planet Necton..
….

Its Nectonite. and everyone is lovingly welcome.
Just leave your programming at the door.

Its a beautiful planet. We all read each others minds.
Sucks for rapists, man haters, racists, terrorists, and liberals trying to empty whats left of your wallet.

#139 Peter on 03.15.16 at 11:46 pm

“Lived in Richmond. Went back to visit not too long ago. Looks like China Town moved from downtown Vancouver and took over Richmond.”

Arguably the largest Chinatown in North America – not hyperbole.

#140 45north on 03.15.16 at 11:47 pm

Diaz: pdf study of mortgage: Mortgaged to the Hilt: Risks From the Distribution of Household Mortgage Debt

Figure 7: shows that in BC 20% of households have 500% debt-to-income ratio but the figures are only available up to 2012.

It’s my thought that today in BC 40% of households have a 500% debt-to-income ratio – double of what it was in 2012. If you look at Figure 7 it looks like BC is going parabolic.

Evidence-based policy is not going to do it. We need a miracle.

#141 tkid on 03.16.16 at 12:00 am

Here’s what I read about Trump:

He’s sexist.
He’s racist.
He wants to evict all immigrants from the country.
He wants to eliminate all free trade.
Etc.

Here is what Trump does:
He’s hired significant numbers of women in his businesses.
He’s hired significant numbers from a variety of cultures and races.
He’s hired a significant number of immigrants.
His businesses are international and he does business across borders, whether or not there are free trade agreements in place.

So he’s done the opposite of what he’s currently saying. And old Conrad Black says he’s an entirely different person behind closed doors.

I’m with the National Post guy who says Trump is saying whatever appeals to an angry American public in order to get himself elected President of the United States. It’s why he wears the orange clown makeup with the bad hairdo; it appeals to a segment of the American public that doesn’t like folks who are ‘pretty’ or ‘polished’.

What I’m wondering is why? Why does Trump want to be POTUS? I don’t believe Trump wants to be POTUS just so he can be POTUS. I think Trump has another motive – being POTUS gets him something. The answer might be in news articles about Trump from the months/years before he decided to run for POTUS.

We might not learn what he’s really after until 2 or 3 years into his first term as POTUS. But we need to figure it out, and soon. The racist jingoism he’s currently spewing is nothing more than a disguise he’s wearing.

#142 roddycoombs on 03.16.16 at 12:26 am

You’re missing a chart. Let’s see the birth rate in Vancouver over the past 6-7 years. Probably very low?.

#143 DON on 03.16.16 at 12:31 am

113 GIVE IT UP ALREADY V.R.E.UPDATE on 03.15.16 at 10:23 pm

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

Yikes!

#144 juno on 03.16.16 at 12:32 am

Its basically a sure thing now. Cruz won dittle. Kaise wins and will stay, further dividing the votes.

Its going to be a Trump VS Hillary.

And Hillary might have too much baggage to take trump on. Trump is like Teflon.

The 1% / Ultra rich threw the kitchen sink at him and yet he lives.

American’s wanted CHANGE. Well Obama was only a puppet. I believe Trump is REAL CHANGE, good or bad, he stands a good chance.

#145 Keith Montgomery on 03.16.16 at 12:34 am

The government regulates our lives at every turn. It has a responsibility to protect the population and maintain a stable society. It taxes your income, controls the speed you drive, the age you can consume alcohol, vote, have sex etc. Affordable housing for CITIZENS is part of this deal is it not. Why can’t the government regulate one of the most fundamental aspects of our society – housing? When a free market gets out of control it’s the government’s role to step in to moderate the market. The Lower Mainland is devolving into some Ann Rand, free market nightmare.

#146 lee on 03.16.16 at 12:38 am

109 Dick,

There will be no correction in Toronto, except for maybe a period of sideways movement. You’re not gonna steal a deal in Toronto. People know the 90s downturn only lasted a few years. History has a way of teaching people lessons. No $750000 sfhs to be had on forest hill. Keep waiting, and you’ll be on your death bed advising people to wait foe the crash.

#147 juno on 03.16.16 at 12:38 am

Rubio is out of the race for 27 minutes, as breaking news – still not a single word about it on CTV news “live”… WTF?
==============

If that doesn’t help advertise Canadian Real Estate, then it not NEWS!!!

Haven’t you notice we don’t get news from Global, CTV anymore, just stimulas to the sheeps to herd them to buy real estate.

BTW the indian used to do that to the buffalo. And we all know what happen to the Buffalo’s. Yeah they all fell off the cliff to a mass slaughter!

#148 Ronaldo on 03.16.16 at 1:00 am

#123 pathcontrolmonk on 03.15.16 at 10:48 pm

#87 Ronaldo

” Vancouver’s SFH prices in the 80s were not equal to 15-20x median income. An engineer can move to the US, easily make 50% more (at current USD) for a lateral move and buy a sweet house in Seattle for far less than $1 mil.”

As I said in my post, it’s much much worse today than in the 80’s.

#149 crowdedelevatorfartz on 03.16.16 at 1:28 am

@# THE DONALD

“You’re all Fired”
*******************************************

Thank you.

Hey! Trump Tower has a LOT of elevators !

#150 Financial Samurai on 03.16.16 at 1:29 am

Despite a potential rate hike, the 10-year yield which mortgages follow remain low here in the US.

Vancouver seems crazy b/c I’m not sure what industry is supporting their housing market.

At least in San Francisco, every single major tech/internet company is here.

Sam

#151 BS on 03.16.16 at 1:36 am

Watching the media, the GOP and the left wing squirm as Trump takes over the Republican party has been so much fun. Once Trump becomes President it should be equally enjoyable to watch our own T2 and his voters proclaim the world is ending every time Trump speaks.

I think Trump will do good things. His policy will not be based on what some special interest group who funded his campaign wants or what it is the politically correct thing to do. Just think how many groups and people Hilary Clinton owes something to. 30 years of politics and billions of donations carries some baggage. Trump will have the freedom to do what is right. Not what someone paid him to do. He already has money. No need to line his own pockets.

It could be a game changer for politics in the US and Canada when people realize they have been screwed by the established political parties and the media that pumps them for so long. Trump is proving it can be done differently. No special interest groups, no super PACs, no attack ads, no commercials, zero news media support, not even the party you are running for supporting you. He barely has continuity with the established Republican party platform. He doesn’t care what the establishment says. Yet he is winning. The people are speaking. Enough about the politically correct BS and towing the party line. So refreshing. We can only hope we get our own Trump next election.

#152 Sally Turner on 03.16.16 at 1:52 am

Millenials are not leaving Vancouver, they are not traveling, working or renting either. They are at home with their parents, shopping at Value Village ( cause poverty chic is in) and sneaking into Legions for the cheap beer.

Millenials are an embarrassment to themselves and the media, so we never hear from them , expect in large numbers to vote for Trudeau Liberals who’ll do nothing for them and say nothing when Obama’s lackeys spit in their face.

Millenials are like barking seals who watch and listen to the CBC, they Hate Harper and want ‘hope and change’ without job creation unless it comes from the magic forest behind 24 Sussex where Justin’s herd of unicorns ( all named Obama ) frolic. The Millenials in short, are the Idiot Kings

#153 Vers on 03.16.16 at 2:15 am

I heard the City of Vancouver did a study recently into WHY there are so many unoccupied condos in downtown Vancouver…

The last study which came out looking at the actual numbers, used a definition of occupied that was extrely easy to meet – one week of electrical activity in any one of the months of June, July, August, or September meant that the condo was considered occupied. While this obviously underestimated true unoccupied percentages (which is apparently the conclusion the city was paying for), the second study’s main research question was “why so many unoccupied condos?”

After looking at all the winter months as well, the answer was clear – “because no one is coming to watch the Canucks anymore.”

#154 Future Expatriate on 03.16.16 at 2:53 am

Hispanics alone will make sure that Trump is never elected, although he pretty much has the GOP nomination sewn up “or else”. Add to Hispanics, the women vote, and the world will be getting used to saying “Madame President” re: The US for next next eight years. Double liberal whammy; how will the elite ever survive? How will the old white men ever get their countries back?

Trump did exactly what he set out to do; an Oscar-winning reality TV show performance of an American Hitler who will never win a general election. Wait until he pulls out Sarah Palin at the convention as his veep.

I can’t wait!

#155 Devin Brack on 03.16.16 at 4:29 am

Interviews with the ‘survivors’ prove that HAM is a flesh eating disease and political correct blindness has the patient on life support with no prognosis for a healthy recovery.

http://news.nationalpost.com/life/jane-macdougall-tales-from-the-trenches-of-vancouvers-real-estate-market

Obviously, the mayor, commentators, re boards, agents, developers and lawyers, all who make green on the lie of ‘no ham here’ don’t want too many stories from real people getting out.

If it were Canadians buying these homes to live in they wouldn’t be boarded up for years. If it was ‘mom dad and kids’ there wouldn’t be failing schools where no kids are living in the vicinity to attend. There wouldn’t be stroes gone bust because of zero occupancy to support trade. Nope…’no ham here’ is a political statement’, one that will kill the Canadian dream as sure as the fact that Vancouver is a money laundering dead zone. I hope all the deniers are proud of themselves.

#156 #50 SI2K...correction on 03.16.16 at 5:04 am

GenX created diddly squat when it comes to the Internet.

Google DARPA.

First routers by husband wife Prof team at Stanford wanting to comminicate bldg to bldg (which ended up being Cisco).

You were not even a swimmer then if GenX, let alone a glimmer in your daddies eye.

#157 Say What on 03.16.16 at 6:02 am

“US remains the engine of global growth. The data is strong and conclusive. Expansion will continue, slow but relentless.”

Garth we are in a recession down here in the US of A.

Just one of many examples of real data…..
“The Census Bureau announced today (March 15, 2016) that total business sales in January did what they’d been doing relentlessly for the past one-and-a-half years: they fell! This time by 1.1% from a year ago, to $1.296 trillion, and by 5% from their peak in July 2014. They’re now back where they’d been in January 2013….”
http://wolfstreet.com/2016/03/15/business-inventory-fiasco-jumps-past-lehman-moment/

#158 nomad on 03.16.16 at 6:33 am

Garth, what prospects do you see for today’s millennials? If young people are leaving Vancouver because they can’t afford it, where are they going and what will become of Vancouver? I am a parent of 24 and 21 year olds. They have no interest in buying a place now. They are both in school and both reckon they are a decade away from wanting to buy anything (they want to work around the world before settling). So if houses continue to rise for another decade and wages stay flat, they will never own right? So who will buy the boomers houses? My kids won’t be buyers at the prices we will see in 10 years. Just curious.

#159 Herb on 03.16.16 at 6:46 am

And now for something completely different: three moderate views of the coming shock-and-awe budget –

http://www.cbc.ca/news/thenational/the-bottom-line-the-budget-1.3493240

#160 Ace Goodheart on 03.16.16 at 7:11 am

Just to put Toronto residential real estate prices into perspective, here’s a one bedroom apartment for sale in another major international city, London England:

http://www.rightmove.co.uk/property-for-sale/City-Of-London.html

Toronto residential real estate prices may never go back down. They might level off at some price point, but likely if you want to buy a three bedroom house in a prime neighbourhood close to downtown, you are always going to be in a bidding war and you are not paying under a million.

#161 dennis h on 03.16.16 at 7:39 am

Trump very well could be the next President. He is NOT being owned by big business by accepting their bribery contributions. The average person in the U.S.A. are like us in Canada. We are tired of the 1%’ers hoarding all the money and stripping us the common person of opportunity and a fair living. Government is owned by Big Business and not the common people. Just like there is seperation from govn’t/church, there should be seperation of govn’t/big business. If a politicians mouth is moving its almost always a pure lie. Our North American Gov’ts needs radical change to put the power back to the people. Trump can be intimidating but without question he is winning because the common folks thirst for power and opportunity for a descent living unlike the “establishment” same ole same ole of raping the economy for their benefit. Trump is for the people and not big business. Its a revolt against large business/politicical thugs pimping themselves to big business. People are just soooo fed up.

#162 CTO on 03.16.16 at 8:08 am

BMO Doug Porter suggest bears have been wrong for so long on Canadian Housing market…
How come these educated people can’t make the connection with keeping interest rates at 0 for a decade and housing cost?
Isn’t there any alarm at all with these types, just for the simple fact rates have been kept at the bottom. That’s the life support machine people…
Isn’t there just a little fear that the support machine is still running and at the same time Canadians are piling on a boat load of debt???
Doug? where’s the common sense you were born with? Where is it Doug???

#163 poverty 101 on 03.16.16 at 8:30 am

come on over, Ontario needs your $

https://ca.finance.yahoo.com/news/ontario-test-idea-guaranteed-minimum-income-ease-poverty-140010538.html

history has proven that socialism doesn’t help poverty, it exasperates it. but when votes can be bought, who cares about tomorrow… it will have little impact for those making the decisions – they look after themselves and their own posse first

#164 Mike in Toronto on 03.16.16 at 8:30 am

#159 dennis h

“Trump is for the people and not big business.”

You clearly have NO IDEA who Trump is.

#165 JamesA on 03.16.16 at 8:33 am

What does a Clinton 2.0 presidency mean for the interest rate? I am going to guess it would be similar to Bill’s stint. More Alan Greenspan’y animal spirites punch bowl shenanigans? Isn’t that what lead us to 2008 Armageddon? I guess the US corrected and can go for a fresh new bubble. But if they go low interest bubble party, and we don’t correct, our uncorrected bubble problem will continue to truly horrific dimensions. Ugh. Bubble party in the states will be good for my ETFs though.

A presidency run by that furry space alien that lives atop the human trumps head is too much for my delicate fiscally conservative constitution. http://m.imgur.com/gallery/7N30v3j

#166 Mr. Frugal on 03.16.16 at 8:50 am

#153 Future Expatriate on 03.16.16 at 2:53 am
Hispanics alone will make sure that Trump is never elected, although he pretty much has the GOP nomination sewn up “or else”. Add to Hispanics, the women vote, and the world will be getting used to saying “Madame President” re: The US for next next eight years. Double liberal whammy; how will the elite ever survive? How will the old white men ever get their countries back?

Trump did exactly what he set out to do; an Oscar-winning reality TV show performance of an American Hitler who will never win a general election. Wait until he pulls out Sarah Palin at the convention as his veep.

I can’t wait!

——————————————————————–

Hillary might indeed be the next president provided she can pay off enough folks and keep her ass out of jail. It will be interesting to watch Trump tear her apart. My money is on Trump.

#167 hope & ruin on 03.16.16 at 8:56 am

#154 Devin Brack on 03.16.16 at 4:29 am
If it was ‘mom dad and kids’ there wouldn’t be failing schools where no kids are living in the vicinity to attend.
____________________________

Not joining the HAM debate. I just want to point out that we have elementary schools closing in Ontario too. This isn’t because of HAM. It’s a demographic shift to an aging population. Most of our schools are at just 80% capacity, sometimes less. Boomers and millennials were huge generations. Not sure we will see another that big.

#168 Centre Wing on 03.16.16 at 9:00 am

35 New Canadian, welcome to the real Ontario! Also 2 hours west/southwest from Toronto here. It’s like another (better) world. Our modest, split level house would be triple the cost in the GTA.

#169 THE DONALD on 03.16.16 at 9:02 am

#140 tkid on 03.16.16 at 12:00 am

Here’s what I read about Trump:

He’s sexist.
He’s racist.
He wants to evict all immigrants from the country.
He wants to eliminate all free trade.
Etc.

Here is what Trump does:
He’s hired significant numbers of women in his businesses.
He’s hired significant numbers from a variety of cultures and races.
He’s hired a significant number of immigrants.
His businesses are international and he does business across borders, whether or not there are free trade agreements in place.

So he’s done the opposite of what he’s currently saying. And old Conrad Black says he’s an entirely different person behind closed doors.

I’m with the National Post guy who says Trump is saying whatever appeals to an angry American public in order to get himself elected President of the United States. It’s why he wears the orange clown makeup with the bad hairdo; it appeals to a segment of the American public that doesn’t like folks who are ‘pretty’ or ‘polished’.

What I’m wondering is why? Why does Trump want to be POTUS? I don’t believe Trump wants to be POTUS just so he can be POTUS. I think Trump has another motive – being POTUS gets him something. The answer might be in news articles about Trump from the months/years before he decided to run for POTUS.

We might not learn what he’s really after until 2 or 3 years into his first term as POTUS. But we need to figure it out, and soon. The racist jingoism he’s currently spewing is nothing more than a disguise he’s wearing.
;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;

You have just disappointed SMOKING MAN so much by telling him the truth. Now he will have to go back to drinking and find another tin foil passion to follow. We all think Smoking Man is a band wagon jumper just to keep his narcissism current. So as the saying goes Smoking Man get a haircut and get a real job!

#170 Ernie on 03.16.16 at 9:15 am

132 BK on 03.15.16 at 11:20 pm

#62

But who then will wipe your a$$ when all the beliebers are gone? You need us

#98

Better off there than in your basement. Relive your life again starting now and you would be in my basement!

Stop hiding behind all your money. You are no better or smarter than us.
///////////////////////////////////////////

Ah , I am smarter and better than you . I had the foresight to think about my future allowing me to retire at an early age through hard work, going the extra mile and perseverance.Nothing was handed to me on a silver platter. Why don’t you give it an honest effort ? You do have control of your destiny, don’t you??
P.S. I don’t have a whole lot of money.

#171 WalMark of Sadkatoon on 03.16.16 at 9:26 am

just a reminder. US continues to pick up steam. inflation girls and boys

http://www.businessinsider.com/consumer-price-index-february-2016-2016-3

#172 fancy_pants on 03.16.16 at 9:26 am

Trump is intolerant and prejudiced b/c he isn’t ‘politically correct’?

Many people are tired of radical members of the left attempting to regulate political discourse by defining opposing views as bigoted and illegitimate.

#173 economictsunami on 03.16.16 at 9:33 am

Jobs hires and the financial markets aren’t necessarily the best signals on the health of the US economy…

This is What’s in Store for the Real US Economy

“The Census Bureau announced today that total business sales in January did what they’d been doing relentlessly for the past one-and-a-half years: they fell! This time by 1.1% from a year ago, to $1.296 trillion, and by 5% from their peak in July 2014.

They’re now back where they’d been in January 2013. Sales are adjusted for seasonal and trading-day differences, but not for price changes. And since January 2013, the consumer price index rose 2.8%! This is why the US economy has looked so crummy.”

http://wolfstreet.com/2016/03/15/business-inventory-fiasco-jumps-past-lehman-moment/

As for financial markets:

The biggest force powering the stock market is starting to disappear, and it could be a huge problem

“According to a note from analysts at HSBC, buybacks have been the source of most of the demand for stocks since 2009.”

http://www.businessinsider.com/buybacks-disappearing-could-mean-recession-2016-3

#174 John in Mtl on 03.16.16 at 9:42 am

I think Trump might be just a diversion. TPTB are testing the people to see just how far public discontent has gone. To better plan their next strategy and moves… Just a thought.

#175 Smoking Man on 03.16.16 at 9:44 am

#135 Shirley Valentine on 03.15.16 at 11:25 pm
#131 Smoking Man on 03.15.16 at 11:15 pm

One more, with anonymous going after Trump.

Outed to me, CIA, NSA or Mossad.


Oh you studly beast of a man… When’s the book out?

Are you really bald with your finger on the red button?

And when do I get a ride in the spaceship.? there is room for two in there.. hopefully a tight fit.
……………

You found me on twitter huh. Doing a bit of pre-marketing.

You flirtatious beauty, hell, I can’t keep the lady I have now satisfied due to excessive alcohol and Tobacco over use. I just can’t compound my problem by taking you for a ride on the flier.

Launching the book in November just after the US election, I’ll be too busy till then.

FYI. The image, book cover done by a fellow blog dog. Just an amazing talent. And yes, its a spiting image.

#176 Calgary Rip Off on 03.16.16 at 9:55 am

My wife and daughter were commenting about how a Trump win would be a disaster. “He’s a sexist and a racist,” my wife remarked. “And that affects me how,” I said. In my life I have experienced having to be apologetic for being a white male. Out with that nonsense. I have never discriminated against any ethnicity or gender.

Clinton is a disaster. A criminal. A bad thing.

My daughter saw Bernie Sanders and asked, “How old is he, 90?”

Meanwhile, make sure to increase your bond acquisitions because interest rates are “increasing”, and make it junk bonds. The more risk, the merrier. ;)

Trump for President 2016. Clinton for prison 2016. Sanders for mental institution 2016.

#177 Penny Henny on 03.16.16 at 10:20 am

It’s stressful and depressing that paying the full listing price is not enough to buy you a place. What happen to the concept if you pay what the seller asks, you will get the item?-Betty
Sorry Betty. There is a new way to buy.

https://www.youtube.com/watch?v=xF9zZS88tqk

#178 down and out on 03.16.16 at 10:22 am

Imagine being a basement dwelling hipster with a major in algorithms getting ready for your part time job at the coffee shop peering out the casement window to see another million dollar home sold sign across the name of an old high school drop out pal who is now a reality star .All your thoughts turn to your education in math ,could they be wrong ,this bubble has to deflate, am I missing a input to the equation,if I could sell just one house like so and so I could pay my student debt and be free of this illusion of daily struggle of believing things will only get better financially for me . I read this blog thinking others see it too but then I realize I better get the move on or be late for work and lose my chance for a few hours work to cover my debts until escaping this crazy city .No rational thinking person would ever understand the masses ,maybe my drop out pal was the smart one and I envy his success ,surly a sane T2 would not perpetuate this inequality by allowing a budget without addressing a way to ease back to an logical market on March 22nd. I can only dream . Name of the hipster is a young man who I as an oldster feel empathy for and have no answer.

#179 Penny Henny on 03.16.16 at 10:29 am

#35 New Canadian on 03.15.16 at 6:55 pm

Great story! Inspiring and not preachy.

#180 Noel on 03.16.16 at 10:39 am

Its a Boomer conspiracy to keep the kids out of Vancouver so their lawns will remain pristine and Millenial free.

#181 NoName on 03.16.16 at 11:09 am

interesting read from zero guy.

Asked by CNN what would happen if he can’t muster the 1,237 delegates he needs to lock up the nomination and ends up getting robbed at the convention in Cleveland, Trump said this:

“I think you’d have riots.”
“[I’m] representing many millions of people. If you disenfranchise those people, and you say, ‘I’m sorry, you’re 100 votes short’ … I think you’d have problems like you’ve never seen before. I think bad things would happen.”

http://www.zerohedge.com/news/2016-03-16/trump-warns-there-will-be-riots-if-hes-denied-nomination-bad-things-would-happen

#DictatorInMaking

#182 Fine Wild Roasted Gonads on 03.16.16 at 11:28 am

#179 Raymond on 03.16.16 at 10:57 am

Hey, G: What’s this new link to the Belfountain General Store? Who knew you were a retail dude with one hell of a cool-looking building? And I like that new blog. Not nearly so snarky

Free ice cream for all the blog dogs on April 30th !!!

#183 Bottoms_Up on 03.16.16 at 11:36 am

#179 Raymond on 03.16.16 at 10:57 am
——————————————
Neat — beautiful building. Looks like Garth has his retirement plans all set. Thanks for sharing.

#184 Randy on 03.16.16 at 11:36 am

#151 Sally Turner. Nailed it.

#185 IHCTD9 on 03.16.16 at 11:38 am

“For example, look at recreational vehicles, which Mark (he’s in the business) reminds us is a proxy for consumer spending and confidence.”
___________________________________________

Interesting you bring that up. I just registered a good used ATV year 2003. While getting insurance set up, I learned the only thing that the Insurance company looks at when setting the premium for an ATV is the original MSRP for the unit.

The MSRP on the 350 Fourtrax ES Honda I bought was $8500.00 way back in 2003.

The current equivalent Honda 420 Rancher (which is bigger and better than my 350 in every way) has a MSRP of 7199.00. Interestingly, Honda has already discounted the 420 in Canada to 6899.00 for 2016.

A bunch of guys just got SMOKING deals on brand new 2015’s right off the showroom floor because they weren’t selling off fast enough to make room for the 2016’s

Polaris was selling their new 2015 570 Sportsman last year for the same MSRP price as the original 500 Sportsman went for… in 1996 (!).

If you look at these numbers, and factor in a couple decades of inflation – it makes you wonder when one of the big 6 are going to start having trouble making a margin. I expect Can Am would be the first to start feeling the pain…

#186 james on 03.16.16 at 11:40 am

#135 Shirley Valentine on 03.15.16 at 11:25 pm

#131 Smoking Man on 03.15.16 at 11:15 pm

One more, with anonymous going after Trump.

Outed to me, CIA, NSA or Mossad.

________

Oh you studly beast of a man… When’s the book out?

Are you really bald with your finger on the red button?

And when do I get a ride in the spaceship.? there is room for two in there.. hopefully a tight fit.
…………………………………………………………………….
Jesus Christ Shirley, just go to his dyslexic website http://dyslexicsmokingman.blogspot.com/and @SmokingMan on his twitter feed, his pictures are all over it. And yes he is bald if it is him? Now you two should get a room and go away.

#187 Bottoms_Up on 03.16.16 at 11:41 am

#140 tkid on 03.16.16 at 12:00 am
———————————————-
Trump and why be POTUS?

Springsteen said it best:
“old men want to be rich; rich men want to be king”

#188 Rational Optimist on 03.16.16 at 11:41 am

35 New Canadian on 03.15.16 at 6:55 pm

Welcome, and thanks for coming. We’re richer for having you.

Good move getting out of Toronto. Glad you’re enjoying your new city. Hey, why not have a fifth kid? (Just a suggestion.)

#189 In tears on 03.16.16 at 11:43 am

#64 Mr Frugal

You actually own a Blackberry? I’m so sorry for your crippling poverty.

#190 Mr. Frugal on 03.16.16 at 11:47 am

#35 New Canadian on 03.15.16 at 6:55 pm

————————————————-

Good job!!! We need to hear more stories like yours.

#191 Unhinged Loon on 03.16.16 at 12:06 pm

I bet you that after 4-year of social justice warrior Trudeau and his deranged, sanctimonious cronies, Canada will accept the reincarnation of Adolf Hitler in the next cycle.

#192 Mike in Edm on 03.16.16 at 12:06 pm

#5 Rheal on 03.15.16 at 5:58 pm
I would be interested to see the latest stats for home prices minus the Van & T.O. markets. I am confident prices are going down. Not only in Alberta too.
*****************************************

I just saw a stat earlier this week when the entire provinces of BC and Ont are removed, Canada’s housing has declined 1.4% YoY (I think?)… And that’s from the crooked, cooked up CREB stats, so you know it’s much worse.

#193 White Crock BC on 03.16.16 at 12:14 pm

Hey Garth… Doug Porter is “calling you out”.

http://www.cbc.ca/news/business/bmo-porter-housing-crash-1.3493809

No he’s not. How many times do I have to repeat that housing will not ‘crash’? But it will disappoint, and ruin many people’s net worth. — Garth

#194 Rational Optimist on 03.16.16 at 12:19 pm

169 WalMark of Sadkatoon on 03.16.16 at 9:26 am

“just a reminder. US continues to pick up steam. inflation girls and boys”

There you go: 2.3%. Above target. Okay, so they won’t raise rates in March (though they should), but June or July, and again in the autumn.

#195 WalMark of Sadkatoon on 03.16.16 at 12:22 pm

My daughter saw Bernie Sanders and asked, “How old is he, 90?”

not very perceptive progeny

#196 bdy sktn on 03.16.16 at 12:23 pm

35 New Canadian on 03.15.16 at 6:55 pm

,,,,,,,,,,
Nice story but you save approx 30k for maybe 10 years and have a 1.3m nw?

Did you leave out the part about the inheritance or lottery win?

#197 Freedom First on 03.16.16 at 12:27 pm

#188 In tears on 03.16.16 at 11:43 am

#64 Mr Frugal

You actually own a Blackberry? I’m so sorry for your crippling poverty.

*-*-*-*-*-

I also feel sorry for you and your poverty. Too bad you can’t be like me. I love myself. Freedom First.

#198 SWL1976 on 03.16.16 at 12:30 pm

#153 Future Expatriate

Add to Hispanics, the women vote, and the world will be getting used to saying “Madame President” re: The US for next next eight years. Double liberal whammy; how will the elite ever survive? How will the old white men ever get their countries back?

———————

You do know that Hillary is thee most owned out of all the candidates. Right?

She deals directly with the devil herself

#199 Retired Boomer WI on 03.16.16 at 12:37 pm

The Donald did alright yesterday. Clinton, too. Bernie should be bowing out anytime now…

This leaves the presumptive nominees Trump, and Clinton.

Based on records… neither is too great, but Trump being the “outsider” appeals to this geezer over Clinton. We had 8 years of Hill & Bill. Good years, but at what cost?

Hill would pass TPP and the related stuff -not good. Donald might create WWIII, or s deep recession, but that’s ok, too.

WWIII would stop global warming, reset population growth, albeit with all forms of mutations, so be it.

A deep recession / depression would cure debt problems -we would all be broke… money, banking, and ‘worth’ would be re-evaluated. Is that a bad thing?

So, will the Republicans choose a brokered convention where their puppet of choice will be foisted on us? Denying Trump the nomination. Perhaps. This will cause issues, and perhaps the rebuilding of that party when they suffer their worst defeat at the polls for giving the American people what they DO NOT want!

Hillary wins in November!

#200 SAY THAT AGAIN ABOUT vancouver on 03.16.16 at 12:41 pm

Eastside teardowns selling in 48 hours over asking.
Commercial drive teardown house was listed for 1.3 mil and sold 24 hours later.
Those damn canadian debt junkies…LOL

#201 No more linguistic tricks please on 03.16.16 at 12:55 pm

@#154 Devin Brack

I hope all the deniers are proud of themselves.

—-
This is misuse of the word ‘deniers’. Deniers of what? A fact? A Truth?, facts and truth cannot be dis-proven. More likely some lame narrative that you read in a newspaper. If I deny one aspect of your narrative am I a denier? The truth is that you are using a linguistic trick (that MSM uses), which gives your opinion or narrative the false appearance of truth or fact, it’s neither.

#202 Racist??? on 03.16.16 at 12:55 pm

Give it a few years folks and white people can start screaming the mantra that everyone is Racist!!! another 300,000 fast breeding “Refugees” it won’t take long for sure!

‘Fast-breeding refugees’? Go away. You are done here. – Garth

#203 IHCTD9 on 03.16.16 at 1:00 pm

#35 New Canadian on 03.15.16 at 6:55 pm
Topical re today’s post and a follow up on #136 Stella re avoiding Toronto/Vancouver by new immigrants.
________________________________________

Welcome to Canada – I was always told Scandinavians would never leave their socialist utopias for any country :).

Good move on GTFO of the GTA, your kids will thank you when they are old enough to appreciate the difference.

I live rurally near a couple decent sized cities as well, this one thing has allowed us to both own a paid for hobby farm, save a nice chunk of change; AND afford private schooling for our kids – all at the same time. And as you say, on rather average incomes.

I understand the draw of the big ethnic enclaves in the GTA for Chinese, Indian, etc.. immigrants – but I’ve got to wonder what massive sacrifices the average working immigrant has had to make to live in that dump…

#204 Data on 03.16.16 at 1:14 pm

#162 Mike in Toronto on 03.16.16 at 8:30 am
#159 dennis h

“Trump is for the people and not big business.”

You clearly have NO IDEA who Trump is.

—————

Really? Show us the data. Not anecdotes.

#205 Mr. Frugal on 03.16.16 at 1:18 pm

#196 Freedom First on 03.16.16 at 12:27 pm
#188 In tears on 03.16.16 at 11:43 am

#64 Mr Frugal

You actually own a Blackberry? I’m so sorry for your crippling poverty.

*-*-*-*-*-

I also feel sorry for you and your poverty. Too bad you can’t be like me. I love myself. Freedom First.

———————————————————–

It’s a work phone. I’m much too frugal to pay for my own phone.

#206 Smoking Man on 03.16.16 at 1:36 pm

#180 NoName on 03.16.16 at 11:09 am
interesting read from zero guy.

Asked by CNN what would happen if he can’t muster the 1,237 delegates he needs to lock up the nomination and ends up getting robbed at the convention in Cleveland, Trump said this:

“I think you’d have riots.”
“[I’m] representing many millions of people. If you disenfranchise those people, and you say, ‘I’m sorry, you’re 100 votes short’ … I think you’d have problems like you’ve never seen before. I think bad things would happen.”

http://www.zerohedge.com/news/2016-03-16/trump-warns-there-will-be-riots-if-hes-denied-nomination-bad-things-would-happen

#DictatorInMaking
…………………

Did you not see those animal student lefties ransack Chicago. You got it backwards.

#207 Bottoms_Up on 03.16.16 at 1:36 pm

#198 Retired Boomer WI on 03.16.16 at 12:37 pm
————————————————
I think you’ve lost your meds……

#208 Named One on 03.16.16 at 1:42 pm

#180 NoName on 03.16.16 at 11:09 am

interesting read from zero guy.

Asked by CNN what would happen if he can’t muster the 1,237 delegates he needs to lock up the nomination and ends up getting robbed at the convention in Cleveland, Trump said this:

“I think you’d have riots.”
“[I’m] representing many millions of people. If you disenfranchise those people, and you say, ‘I’m sorry, you’re 100 votes short’ … I think you’d have problems like you’ve never seen before. I think bad things would happen.”

http://www.zerohedge.com/news/2016-03-16/trump-warns-there-will-be-riots-if-hes-denied-nomination-bad-things-would-happen

#DictatorInMaking
…………………………………………………………………..
Trump is the most uncouth, unprofessional, ill-equipped, candidate the Republicans have allowed onto the stage in years. Trumps candidacy has been fueled by an anti-establishment rhetoric put forth with low brow innuendos devised to elicit provocation among the general GOP ranks. Unfortunately the general America Republican isn’t rationalizing the issues with their frontal lobes but rather their gunslinger hips. It is a gut reaction to the general unrest among the huddled masses. Trade they feel they have lost their jobs overseas, what is Trumps solution renegotiate trade. That will not happen those jobs left a long time ago and are low tech. Even if he could renegotiate or stop the trade differential via tariffs it will only hurt the average American when they go to Walmart. Illegal immigrants are illegal however, Trumps solution to build a large wall and keep them out. Cost in the billions and no Mexico will not pay for it, not a dime or a peso. The entire cost will be a burden on the American taxpayer. Dealing with Muslim terrorists is a huge issue however Trumps solution is the bar all Muslims from entering the USA until lawmakers “can figure out what is going on.” So no state meetings with anyone from any Muslim country, zero trade with any Muslim companies that provide merchandise and sorry to any Muslims disconnected from their families abroad that are living in the USA. They have endured 8 years of the democrats and are itching to get a piece of the White House at any cost. It reminds me of the school yard bully that feeds off or everyone’s ignorance and fear. I’m sorry to see the GOP set the bar so low with Trump.

#209 Smoking Man on 03.16.16 at 1:52 pm

Political correctness is fashisum sold as comparison

Lefties don’t view this unless your in your safe space.

https://youtu.be/hkhUivqzWv0

#210 MF on 03.16.16 at 2:05 pm

Trump should be the next president thankfully.

The Americans are looking at the disastrous policies of the “progressive” left here and all over Europe and saying F that.

The charade is up. Everyone is tired of being “PC” and watching their country get harmed.

As an example, Today Trudeau is courting one of the ultimate of all time hypocritical and failed systems: The UN.

How can I guy with a straight face proclaim he stands for equality/freedom from persecution/opportunity blah blah support this POS organization run by third world tyrants, terrorist funding and supporting sh*t holes, and currupt banana republics?

This guy is out of control.

Trump needs to be elected as a message to this kind of “leader” and the people that foolishly support him that enough is enough.

MF

#211 Westvan on 03.16.16 at 2:12 pm

USFED, no rate change I guess there will only be 2 this year rather four , Why? I thought the US is killing it, stats show everything is awesome , why can’t they raise another measly .25 Garth? One and done it looks like ….

#212 kommykim on 03.16.16 at 2:13 pm

If Trump gets elected, I’m buying gold, a gun & ammo, canned/dried food, and building a fallout shelter.

#213 Ole Doberman on 03.16.16 at 2:17 pm

Gartho right again on Fed news – one of the best out there.

Now if he can just be right on Canadian RE finally!

#214 Mr. Frugal on 03.16.16 at 2:34 pm

#195 bdy sktn on 03.16.16 at 12:23 pm
35 New Canadian on 03.15.16 at 6:55 pm

,,,,,,,,,,
Nice story but you save approx 30k for maybe 10 years and have a 1.3m nw?

Did you leave out the part about the inheritance or lottery win?
———————————————————

New Canadian said they have been renting for 2 decades and they are in their late 30s. If they saved $37K per year for 15 years with an 8% return rate it works out to $1M. So, this is entirely doable. It’s not easy but it’s possible – event in Canada.

#215 family beagle on 03.16.16 at 2:36 pm

Betty,

The BC government sold you out (and future generations) because exploitation of the environment and liquifaction of resources is ($) down. They desperately need money and have painted themselves into a corner. They are now dependent on ever increasing housing valuations far from wage reality. The residential housing market in BC is officially unregulated. Sales without subjects or conditions is unregulated land speculation. Rent in the city and buy a haven property in the country, if you must. Make an escape strategy. Skip the house lust and go directly to investment in a sustainable and habitable Eden beyond the focus of the parasite class. Give more than you take and steward a property for future generations. Good luck.

#216 Yeah Right on 03.16.16 at 2:37 pm

DELETED (anti-immigrant)

#217 Frank on 03.16.16 at 3:43 pm

Fed stands still, hike outlook lessons. Looks like housing bears will be wrong for a few more years.

Nobody expected a Fed move today. Two hikes reasonable this year. Wise people will prepare. Unlike you. — Garth

#218 BobC on 03.16.16 at 3:43 pm

Liberal/socialism is great. It takes all the reason away to work hard to try to be the best in your field. That has to be a relief to some.

http://www.hollywoodreporter.com/news/canada-bankrolling-more-female-directors-873546

#219 Jim on 03.16.16 at 3:53 pm

The Donald is an illegal alien inside the GOP.

#220 What about Donald??? on 03.16.16 at 4:15 pm

Oh I see it’s okay for people to bad mouth and riducule Donald but heaven help us if we aren’t politically correct when we say anything about Muslim refugees! In their country they have been fighting since time began now we can live in fear of terrorist attacks here because we are too scared to be labelled racist! When Canadians refused to fight in the WW I and 2 they were sent to concentration camps not luxury hotels! Even CBC allows more freedom of speech in this regard than you in fact my so-called anti imigrunt comment is tame compared to what many others are saying and that is because people are sick of all the BS political correct crap when we have to beg and grovel for everything we get and we still get nothing but taxed to the extreme!

‘Muslim’ is not a country. Go away. — Garth

#221 Westvan on 03.16.16 at 4:20 pm

Why can’t the US FED raise Garth? I thought once they start they never stop? That’s meeting number 2 with a hold ? How’s June looking ? Or 2017 ?

#222 Damifino on 03.16.16 at 4:22 pm

#212 family beagle

“Sales without subjects or conditions is unregulated land speculation.”

Beg to differ. A purchase agreement without subjects or conditions is entered into willingly by both the buyer and seller. So what are you suggesting? That some conditions or subjects be dreamed up just to say that some existed? What would that prove?

#223 james on 03.16.16 at 4:24 pm

#203 Smoking Man on 03.16.16 at 1:36 pm

#180 NoName on 03.16.16 at 11:09 am
interesting read from zero guy.

Asked by CNN what would happen if he can’t muster the 1,237 delegates he needs to lock up the nomination and ends up getting robbed at the convention in Cleveland, Trump said this:

“I think you’d have riots.”
“[I’m] representing many millions of people. If you disenfranchise those people, and you say, ‘I’m sorry, you’re 100 votes short’ … I think you’d have problems like you’ve never seen before. I think bad things would happen.”

http://www.zerohedge.com/news/2016-03-16/trump-warns-there-will-be-riots-if-hes-denied-nomination-bad-things-would-happen

#DictatorInMaking
…………………

Did you not see those animal student lefties ransack Chicago. You got it backwards.
……………………………………………………………….
You are such a joke Smoking Man. Open your dam eyes you wannabe American ass. I quote verbatim!
You want to tell us you can defend this asshole Trump?
If you agree with Trump then please go join the conventions, good riddance dick head!

On Wednesday, 26-year-old Rakeem Jones was being escorted out of a Donald Trump rally by security when John McGraw punched him in the face.

Jones was protesting the rally, which is why he was being escorted out by security to begin with. McGraw was charged with the assault. But he was unrepentant.

“He deserved it,” McGraw told Inside Edition. “The next time we see him, we might have to kill him. We don’t know who he is. He might be with a terrorist organization.”

When Donald Trump was asked about the incident at CNN’s debate Thursday night, he generally defended the attendees at his rallies. And on Sunday, he told Chuck Todd on NBC’s Meet the Press that he’s “instructed (his) people to look into” paying McGraw’s legal fees.

Trump routinely pays lip service to the idea that he doesn’t “condone” violence. “I certainly don’t condone that at all,” he said at the CNN debate. “I do not condone violence in any shape,” he told Todd on Sunday.
Here is what Donald Trump said at a rally on February 1 in Cedar Rapids, Iowa (via Mediaite):

“if you see somebody getting ready to throw a tomato, knock the crap out of ’em, would you? Seriously. Okay? Just knock the hell — I promise you, I will pay for the legal fees. I promise. I promise.”

Here is what Donald Trump said at a rally on March 4 in Warren, Michigan (via the Associated Press):

During one interruption, Trump said, “Get him out. Try not to hurt him. If you do I’ll defend you in court.”

“Are Trump rallies the most fun?” he then asked the crowd. “We’re having a good time.”

He then recalled an incident at a New Hampshire rally where a protester started “swinging and punching.” Trump said some people in the audience “took him out.”

“It was really amazing to watch,” he said.

Here is what Donald Trump said at a rally on March 9 in Fayetteville, North Carolina (via the Atlantic):

“See, in the good old days this didn’t use to happen, because they used to treat them very rough. We’ve become very weak.”

That last, of course, was said at the same Fayetteville rally where John McGraw sucker-punched Rakeem Jones — the action that Donald Trump later claimed to “not condone.”

At this point, Trump can no longer profess surprise that his supporters are engaging in violence on his behalf. It has been happening for months.

The March 4 rally at which Trump promised to defend assaulters in court came the day after two protesters at a Kentucky rally were assaulted by members of a white supremacist group.
In November, a Trump supporter “punched and attempted to choke” a protester at a rally in Birmingham, Alabama (according to the Washington Post); Trump said afterward that “maybe he deserved to get roughed up.”
Protesters have been dragged out of Trump rallies.
They’ve been hair-pulled by Trump supporters.
They’ve been sucker-punched by Trump security guards.

Donald Trump supporter pulls the hair of a young immigrant at a rally. Yep, this is still happening in 2015. pic.twitter.com/dFbsd3saz6
— Jassiel Perez (@fl_dreamer) September 9, 2015

This is not to mention the violence against reporters: the AP photographer who was choked by a security guard; reporter Michelle Fields, who was thrown to the ground by Trump’s campaign manager on Tuesday night. This is also extremely not-okay behavior. But the press is very good at covering its own members and being outraged about their mistreatment.

Violence by Trump supporters, on the other hand, has gotten so routine that it doesn’t always make the headlines. It has gotten so routine that one of my colleagues, upon hearing late Thursday about the incident in Fayetteville, confessed she’d heard something about it earlier in the day — but had “confused it with the other violence against protesters stories.”
Trump tells his supporters that their violence stems

#224 hope & ruin on 03.16.16 at 4:38 pm

#216 Jim on 03.16.16 at 3:53 pm
The Donald is an illegal alien inside the GOP.
_________________________________

If Trump gets the nomination. Trump vs Hilary. Will the GOP establishment support Hilary?

Sanders supporters will flip to Trump. American two-party system will be flipped on its head.

#225 Ace Goodheart on 03.16.16 at 4:41 pm

Still costs almost two million dollars CDN to purchase a studio apartment (ie, one room with a bathroom) in downtown London England:

http://www.rightmove.co.uk/new-homes-for-sale/property-40705668.html?showcase=true&premiumA=true

Toronto looks cheap by comparison.

#226 Toronto_CA on 03.16.16 at 5:00 pm

#222 Ace Goodheart on 03.16.16 at 4:41 pm

Can you and anyone else with a brain please stop comparing Toronto or Vancouver to cities like Hong Kong, London, New York, Tokyo, Paris, etc? Toronto is more like Chicago and Vancouver more like…I don’t know..Portland Oregon? It’s not even a Seattle nevermind a San Francisco equivalent.

Sometimes my fellow Canadians make me sad with their delusions of grandeur.

But their moms told them they were special. — Garth

#227 Blacksheep on 03.16.16 at 5:10 pm

Named One # 205,

“It is a gut reaction to the general unrest among the huddled masses.”

“Trade they feel they have lost their jobs overseas, what is Trumps solution renegotiate trade. That will not happen those jobs left a long time ago and are low tech.”

“Even if he could renegotiate or stop the trade differential via tariffs it will only hurt the average American when they go to Walmart.”
—————————————————–
What utter bull shit….

“they don’t feel they have lost their jobs,” they HAVE lost their jobs to the point of manufacturing being decimated in North America.

https://www.youtube.com/watch?v=zyQPiH5i4ys

https://www.youtube.com/watch?v=IDZ9rJhFpr8&ebc=ANyPxKpVqiFRSpZ9EVmJQ-fwlSmLiNI2xCpXSZeacXBMWTabaUQiApshA7up_R3E-9IY9xgdFI8PwtglRpKGYbpdh_VaAnY5wA

We were warned of the consequences of “Free trade” long ago but ‘Honest Bill’ pushed it through and now his hag wife wants a crack at the TPP.

https://www.youtube.com/watch?v=wwmOkaKh3-s

No question, Trump is a blowhard, but at least someone is trying to send a message to the “corporate elite’s” and it’s making them nervous.

Unregulated, Global free trade is fantasy. Trading countries need to be graded on: Living standards, Wage standards and Environmental standards.

Example, “Grade A” countries: Canada, US, UK, Australia and many other can trade freely between each other because the cost of doing business is similar. No one, has distinct advantage over the other.

If a manufacturer of goods in a “Grade C” country such as China, wants to import said goods into a “Grade A” country, the appropriate tariffs will apply. This would end the mega corps, outsourcing manufacturing to cheaper labour /environmental control zones. Plants would immediately start relocating back to domestic markets to save shipping costs.

But the sad truth is, the ‘system’ will never relinquish control of the fake democracy to A Donald Trump, A Bernie Sanders or A Ron Paul.

Heads would (will?) actually roll first.

#228 Fine on 03.16.16 at 5:27 pm

DELETED

#229 Freedom First on 03.16.16 at 5:40 pm

Any other posts in my name other than #10 are Dickhead impostors.

How can we tell? — Garth

#230 CanAm on 03.16.16 at 5:51 pm

It seems like, in Vancouver, we should be formally moving to the European “offers over” sales system.

#231 Siva on 03.16.16 at 6:12 pm

#224:

Coke, Pepsi, Microsoft, Apple, GE, GM etc etc all sell products in ‘grade c’ countries, some of those products are made in ‘grade a’ countries.

‘Grade c’ countries did not miss to notice Trump is ranting only against non white countries, damn those browns. He is even ok with white Russia.

#232 Tony on 03.16.16 at 6:26 pm

Re: #208 Westvan on 03.16.16 at 2:12 pm

She got the two rate changes right but both will be downward.

#233 crowdedelevatorfartz on 03.16.16 at 6:38 pm

@#190 Unhinged Loon
“Canada will accept the reincarnation of Adolf Hitler in the next cycle…..”
*****************************************

Ummmm, I thought the voters rejected him in the last election…………

#234 family beagle on 03.16.16 at 6:45 pm

#219 Damifino on 03.16.16 at 4:22 pm
#212 family beagle

“Sales without subjects or conditions is unregulated land speculation.”

Beg to differ. A purchase agreement without subjects or conditions is entered into willingly by both the buyer and seller. So what are you suggesting? That some conditions or subjects be dreamed up just to say that some existed? What would that prove

….

Sold on condition as inspected shelter—by law— or designated ‘uninhabitable’ and subject to a development tax and an enviro levy. Make some law, I don’t care… and tax residential capital gains forthrightly. I personally don’t give a shake. I just vote for whomever promises to tax the most and discourage tourists. The human species is stinky and annoying. Screw ’em up at every opportunity.

I pee on their lawns during my daily snoot.

#235 Mr. Frugal on 03.16.16 at 7:42 pm

#220 james on 03.16.16 at 4:24 pm

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I was going to say something sarcastic but it would be lost a pea brain like yourself. You need to type less and think more. So put that in your pipe and smoke it – dick head!!!

#236 Future Expatriate on 03.16.16 at 8:13 pm

#166 There you go with the Hillary/jail thing again.

There’s more chance of an asteroid wiping out all human life. Every day for the next million years.

#237 BMO and the 33 + 1 bears on 03.16.16 at 9:23 pm

http://www.theglobeandmail.com/report-on-business/top-business-stories/bmo-slams-housing-market-scaremongers/article29256154/?utm_medium=Newsletter&utm_source=Morning%20Business%20Briefing&utm_type=text&utm_content=MorningBusinessBriefing&utm_campaign=134125741

#238 Leslie Brlec on 03.16.16 at 11:07 pm

Love your blog. I will bookmark it.

#239 Ace Goodheart on 03.16.16 at 11:14 pm

RE: #227 Toronto_CA:

Thanks for the response. Don’t agree with you, but interesting to see what people think about this. I am still of the opinion that Toronto and Vancouver are special cities. They are not in the United States, so they can’t be compared to American cities. They are the largest and most successful cities in an independent country called “Canada”. So they are different. Whether they are as interesting or as popular as London or Hong Kong is anyone’s argument.

Mind you if you take a walk through Toronto’s hot spots on a Friday or Saturday night, you do get an idea of why people want to live here. I would personally never live anywhere else in Canada. Yes if I was in the UK, probably it would be London, London and nothing but London. But that’s an eight hour airplane ride away.

RE: “But their moms told them they were special. — Garth”

Thanks Garth, always a pleasure

#240 Frozen Seattle on 03.17.16 at 1:28 pm

This is why not to go to Seattle: https://en.wikipedia.org/wiki/Seattle_Freeze