No shame

flu-modified

“Now,” says Rosanna, after plucking a flyer from her mailbox, “I have seen it all.

“This is taking it to the next level, putting doubt in people’s minds, and praying on the fear that our kids will never own real estate. This whole thing is going to end badly.”

And if it does, Felix Laurent will have a special seat on the GTA market jetliner that comes in for a landing so hard half the area’s middle class is blown up. Yes, welcome to Condos for Kids.

If you’ve nothing better to do Tuesday night, head up to the Montecassino Banquet Hall in Woodbridge and see Felix in action. (By the way, this is the place made famous by former, fallen, mayor Rob Ford who nailed a city agency for handing over $47,715 of taxpayers’ money to finance a Christmas party for 760 guests featuring a chocolate fountain and deluxe antipasto bar. No strippers, though.)

risi Joining Felix will be an RBC mortgage dude and various realtors including his boss – the famous, fetching, legendary LePage broker, Vivian Risi.

The point of the evening? FOMO. Oodles of it. And the latest marketing twist to engender more Fear of Missing Out in a real estate market living on borrowed time is… children. Shameless. Blatant. I mean, how could you ever look your four-year-old in the eye, knowing you’d failed to plunk down a deposit to buy her a 400-square-foot concrete box with a 400-series highway view in the wastelands north of the Big Smoke? Dig out that chequebook. It’s what good dads do.

“How will our kids ever afford to buy a home when they grow up? With the price of Real Estate continuing to rise, parents know that their children will definitely need help purchasing their home one day,” says Felix’s new company, Realtrz. “How expensive will that be for parents later on? Will there be enough money to help all of our kids and still retire comfortably? What can easily be done today to make your family financially more comfortable in the years to come?”

condo-kids-1

Turns out, Felix is an interesting guy. An American (natch) he came to the GTA via Montreal and launched into a glasses-selling career. Twenty years ago he opened an optician business in Toronto, which he owns. Which is a good thing, given this venture. Felix says he was a house flipper in Quebec, then became a GTA realtor a dozen years ago, first with Re/Max, then Royal LePage. “Now,” he self-describes, “happy to do for others what he grew up doing, and the Felix family has always done… make money and secure our futures with smart real estate.”

How smart is it buy a pre-build condo for your toddler?

Hard to say. About 30,000 units will change hands in the GTA this year, and the average price seems to have stalled out over the past six months at about $415,000. Of course, condos also come with ongoing overhead disproportionate to their cost – monthly fees that are lumped on top of property taxes and financing charges, plus special assessments which are the black swans waiting to swoon down on the owners of so many glass-walled towers across the metropolitan area.

Meanwhile the entire marketplace is changing. Wild Bill Morneau’s mortgage shoot-up, announced October 3rd, has brought a new stress test to the market while reducing the pool of buyers eligible for critical mortgage insurance. Now with Trump set to assume the US presidency, the odds of an interest rate increase have increased to 88% for next month, and top 80% for one or two more hikes in 2017. For the first time yesterday, markets posted positive odds for a Bank of Canada rate increase next year. Meanwhile bond yields have been surging, and the expectation is that the new American administration will be mildly to wildly inflationary in its policies. So, yup, the bottom for rates is in the rear view mirror.

Will all this make condos more expensive, forcing them out of reach of your house horny pre-schooler?

Nah. Actually the opposite. But that does not stop Realtrz from pitching: “Discover how investors are using priceless advice… to buy real estate for their children in the current market.”

laurent_felix1 By the way, Tuesday night’s big event in the hinterland is the first of a planned series – in Mississauga (January), Richmond Hill (March) and the Kingdom of 416 in the Spring. The whole region is about to feel Felix FOMO just about the time market fundamentals shift – and not for the better. It’s worth remembering what happened in Vancouver, of course, where a single tax affecting only 9% of buyers was enough to crash sales by up to 90% in key neighbourhoods. The fear of missing out that realtors had worked so hard to ingrain into people (buy now or Chinese dudes will snatch all the houses) was erased in mere weeks. Real estate’s like that. It channels emotion.

And what engenders emotion more than children?

Well, dogs, of course. But Bandit already has a detached.

bandit-modified

187 comments ↓

#1 Holly Cow on 11.10.16 at 6:02 pm

Empty Vancouver homes are burning apparently.
I sense change is in the air for the so called ‘best place on earth’

http://globalnews.ca/news/3059766/vancouver-police-sound-the-alarm-about-suspicious-fires-at-vacant-homes/

#2 Penny Henny on 11.10.16 at 6:06 pm

Condos for kids.
What a great idea!
It gets them out of the basement!

#3 For those about to flop... on 11.10.16 at 6:06 pm

I have seen a few posters trying to explain why America has an Electoral College,this map of America shows you why…

M42BC

http://m.imgur.com/gallery/axq4e

#4 Fed-up with the Fed on 11.10.16 at 6:08 pm

“Now with Trump set to assume the US presidency, the odds of an interest rate increase have increased to 88% for next month, and top 80% for one or two more hikes in 2017. For the first time yesterday, markets posted positive odds for a Bank of Canada rate increase next year.”
——————————————————————————–

No one wants to see interest rates rise more than I do. But we need to get out of the prediction and odds business. Anyone who has put their faith in polls, Mark Carney and , (God help us all), Janet Yellen, has been made to look like a complete fool for years now.

If they go up, then great. But enough of this “odds” nonsense, please.

#5 paging WalMark of Sadkatoon on 11.10.16 at 6:10 pm

WalMark,
are you a man of your word?

http://www.greaterfool.ca/2016/10/25/seriously-8/#comment-479762

#6 Kuato Lives on 11.10.16 at 6:13 pm

Free Mars!

#7 X on 11.10.16 at 6:14 pm

Felix on Tuesday, is a good follow up to Souza ‘helping’ young buyers on Monday.

I have said this before, but will this market just get on with a shift back to reality. Nobody needs a crash. But every single day I have a client come in who says how crazy the RE market is, and that a house sold on their street for a ridiculous price and that they would never pay that amount for their own home. It is getting old.

#8 Biggest News Story of Year on 11.10.16 at 6:14 pm

I’m surprised no one here mentioned the biggest change that happened this week. Yes, it was bigger than the US election.

India eliminated their Rs1000 and Rs500 bank notes within 12 hours of announcing their intention to do so. These notes are the equivalent of our $20, $50, and $100 dollar bills. These bills represented 85% of all paper currency and now they were no longer legal tender.

Incredible.

Corrupt Politicians & Bureaucrats, Drug Cartels, Cash Businesses, The ENTIRE Real estate sector is in disarray. They don’t know what to do with the worthless bills. Only way to redeem them is via deposits into a bank account.

Flights into India are full as NRI’s who accepted payment in Rupees in India for services rendered abroad are panicking.

http://asia.nikkei.com/Politics-Economy/Economy/Flash-Indian-demonetization-triggers-cash-chaos

#9 Biggest News Story of Year on 11.10.16 at 6:15 pm

There is a run on Gold going on in India but sellers of the bullion (jewelry stores) only accepting old notes (obtained via corruption) at 60% of face value.

#10 Rural Rick on 11.10.16 at 6:15 pm

I don’t know why more people don’t just move. You could buy your whole family houses in any number of small towns for what you pay for a box in the concrete jungle. Sure your income might drop but start a business like an internet counselling service for nitwits and you are golden.

#11 SWL1976 on 11.10.16 at 6:19 pm

Wow!!! Talk about fear of missing out

Don’t these morons understand a lot can happen between now and when their kids actually need a shack?

Who would have though reading about simpletons on this side of the border would be a refreshing change from reading about simpletons south of the border

#12 Penny Henny on 11.10.16 at 6:20 pm

Here is a great opportunity for everyone to make $95/per hour by working in your free time on your computer from home… I’ve been doing this for 6 months now and last month i’ve earned my first five-figure paycheck ever!!!! Learn more about it on following link>>

Oh sorry :(
Wrong website

#13 Kurt on 11.10.16 at 6:21 pm

Looks like somebody washed bandit in very hot water – or that pet palace is a lot bigger than it looks.

#14 Timmy on 11.10.16 at 6:22 pm

If after watching CBC’s documentary anyone still wants to buy a condo, then they perhaps they should join the Republican party.

The first startling revelation for many people will be how very much the condo market is focused on investor profit, not affordable housing. One expert even says that it’s really not a housing market but a commodities play. And that means that average Canadians, looking for a primary residence, are inadvertently joining a game for which they don’t have the rule book.

Then, as tall towers age, maintenance issues can become a nightmare. Imagine sharing financial responsible for the damage done by a leak 20 floors above you.

http://www.cbc.ca/doczone/episodes//the-condo-game

#15 Cici on 11.10.16 at 6:27 pm

Bandit’s digs look to be a quality build. Good job Turner.

#16 This Week in Money on 11.10.16 at 6:32 pm

Ross Kay on This Week in Money
Could Trillion Dollar Loss in Home Equity Tip Canada into Recession ?
http://www.howestreet.com/2016/11/05/this-week-in-money-77/

#17 Context on 11.10.16 at 6:33 pm

A new listing hit the market with 3 bedrooms and 1 bathroom for 3,800 S.F.. It has a good address, a great view and a real kitchen to love. The maintenance cost is a mere $72,500 per year and is heated with forced air hydro so turn off the air conditioning. Its for sale at the bargain price of only $7,850,000 at the Windsor Arms. You had better hurry before its gone. Do not ask what the hydro will cost as its just an additional item of no consequence.

#18 Sharon on 11.10.16 at 6:35 pm

If these condo’s are purchased for children, and if they are ever vacant while waiting for jr to mature, perhaps the government and/or city of Toronto will be able to make some extra tax money.

Slap a tax on the vacant condos. See what they have done in Vancouver? Isn’t there lots of vacant condo’s in Toronto? Watch out Bank of Mom and Dad.
Hmmm, I smell some revenue for Toronto as well as Vancouver.

http://www.calgaryherald.com/vancouver+slaps+year+empty+homes+about/12372683/story.html

#19 Swanson on 11.10.16 at 6:36 pm

So in Canada:
– people buy multiples properties as because they’re “safe investments”
– retirees buy second properties to finance their retirements
– and now parents buy real estate for toddlers
(all financed by a ton of debt)

Of course prices are going to go up a hack lot more than the income! And everyone still want to point their fingers at Chinese dudes?

#20 Fed-up with the Fed on 11.10.16 at 6:38 pm

#10 Rural Rick on 11.10.16 at 6:15 pm
I don’t know why more people don’t just move. You could buy your whole family houses in any number of small towns for what you pay for a box in the concrete jungle. Sure your income might drop but start a business like an internet counselling service for nitwits and you are golden.

————————————————————————-

Great plan. We will all become internet counselors in Elmira.

#21 TheWilyKatipo on 11.10.16 at 6:40 pm

They’ll have rotted and lost their cladding by the time the kiddos get to high school. Get ’em a box of crayons instead.

#22 GTA Up on 11.10.16 at 6:47 pm

Monday’s announcement in Ontario to support low-income GTA’s will take the wind out of Morneau’s new changes. Lots of new buyers who could not buy before will be flooding in to the market. Prices will rise in the GTA for many years. When the feds tighten a screw on housing, others loosen a few at the same time.

And while Vancouver’s detached home sales have fallen, condos are just doing great! The new foreign buyer’s tax excluded pre-sale condos (gee, I wonder why) and foreign buyers are still eating them up! Prices for condos are stable and increasing…hmmm

#23 IHCTD9 on 11.10.16 at 6:50 pm

I know millennials who would kill for Bandit’s digs.

#24 hey SM on 11.10.16 at 6:51 pm

Your picture on your website looks like dale gribble form the king of the hill.
Or are you him,in which case…my condolences about your spouse nancy….lol

#25 old gringo on 11.10.16 at 6:52 pm

so……….Bandit is HOUSE HORNEY-

#26 earlybird on 11.10.16 at 6:57 pm

Haha….fat chance my parents would consider anything like this! I got “get a job, find a place to live and a nice bundles of groceries” for my 18th. Beyond spoiled rotten…These parents obviously do not understand Condominiums, and risk they are taking….WOW a new low..

#27 nonplused on 11.10.16 at 7:01 pm

Put a door on it and Bandit’s house looks more comfy than many condos. And he appears to have a yard!

(Ps that is a pretty cool looking dog house. Did you have it custom built for those nights when Ms. Turner thinks you’ve been spending too much time with the Amazon security detail?)

#28 cramar on 11.10.16 at 7:08 pm

How in the world is the average dog going to be able to afford a single detached like this in the GTA? Isn’t any dog entitled to digs like this? The government should provide first-time buyers with some help. What is a millennial dog to do?

#29 Lol @ spelling mistake on 11.10.16 at 7:08 pm

These moron realtors couldn’t even spell properly on the first paragraph…

Look at “guarentee”

LOL!

#30 Smoking Man on 11.10.16 at 7:12 pm

Like father like son. My kid posted this on his facebook page. No dobut he will delete it after he sobers up. Well it’s now in the archives here. So Proud of him.

Because i have family. And coworkers on my facebook I have felt very limited to express my opinion on facebook. However based on the expressions of all I read on my wall I would like to make a statment ,

First and foremost I am as all of you know a true blooded libretarian , I believe in that same white picket fence our parents and our grandparents belived in , I beliveve in limited government because I still hold a strong faith in the good of people correcting the market and being there for one another,

The only thing the media had gotten right was America is divided , but what is never questioned is why it is divided? The media is responsible for segregating an entire population into groups and making suggestions based on the colour of. Our skin, gender identitity or religion into categories of the proper way to vote based on how they tell you to identitfy.

The democrats tried to exploit diffrences within all of us , they created a social agenda and not an economic one, In america people are afriad to have children because they do not know if they can even afford to have a family today and instead of projecting the true core of economic issues , the media sold out and promoted what they deem as the difference between our races and religions.

The media does this for ratings and not for the greater good of people. For not having the right person elected it is everyones fault for not being mad that the real questions were not answered, did you ever see a question in the debate asked of where will the middle class be in 5 years? No you didnt the questions were meant to segreate us all into divded classes so the hard questions are not ansewerd so the lobbiest yet again get an oppourtunity to dictate economic policy.

The majority of all people are not racist dont care about gay or straight and dont care what god you pray to , the majority of americans care about not living pay cheque to pay cheque. Dont stand up and protest donald trump as president and do not protest hillary as a president stand up and protest a media that refuses to ask the questions you desperatly deserved answered because ratings are more important than progress today …The media used to be something admired and respected but they sold out their integirty for the all mighty dollar and we all see how apparently clear that is

, the media doesnt care who wins or loses and thats what needs to be addressed today a president has less power than cnn and fox and msnbc because the people are more willing to listen to what other people in there category are saying rather than whats best for there family I want to start a new protest and that protest is for the right to have un bias journalisim so the people can formulate an accurate opinion on what really counts , the only thing we should feel as individuals is our family not our race or religion lets protest for the right to be informed lets fight for our freedom….lets fight for our families.

Thank you for listening as i digress…

#31 The Technical Analyst on 11.10.16 at 7:12 pm

I’d just give up Garth, they are not going to get it.

#32 HellYeah on 11.10.16 at 7:18 pm

That is one slick looking house for Bandit.

If I had room in my 416 postage-stamp sized yard I would install one for my own furry canine friend.

Of course, the temptation would be to list it on airbnb for $50 a night (“Close to transit, cafes and galleries!”).

God forbid I buy my toddler a condo. I’ve been working since I was 14 and I (admittedly, unreasonably) expect the same of them. Buy yr own or rent.

#33 Rainclouds on 11.10.16 at 7:21 pm

I look forward to the day when shysters like these two are trolling suburban used car lots looking for work and trying to unload the Audi.

#34 daveyboy on 11.10.16 at 7:22 pm

Watching hot property on cp24 makes me laugh. Thanks Garth i have learned so much.

#35 i.see.debt.people on 11.10.16 at 7:25 pm

First!

#36 WUL on 11.10.16 at 7:30 pm

Kindergarten teachers should flood the seminars with 4 and 5 year olds. A good age to learn the word “huckster”. It is a fun word.

#37 nonplused on 11.10.16 at 7:34 pm

#199 WalMark of sadkatoon

Another reason for the electoral college is that 200 years ago a popular vote would have been quite hard to count. They were doing all this manually with paper, and didn’t have the telegram yet. Heck they didn’t even have trains everywhere yet. So sending word was pretty manually exhaustive. Somebody would have to head up from Florida to Washington by boat or horse to deliver the results.

It’s not a lot different than the net result of our electoral process. Nobody votes for the Prime Minister in Canada except the people in his/her riding. They vote for their representative and Parliament decides who is Prime Minister. We do not have direct voting for Prime Minister in Canada. So far as I know they don’t in England either, we use their system. I think there are several states in Europe that use similar systems, not direct vote but decided by Parliament.

So the only difference in the US is that it is theoretically possible due to the electoral collage that a person might win the White House while his/her party does not win the house of representatives. Not likely but possible.

#38 Ex-Cowtown on 11.10.16 at 7:36 pm

So now T2 has announced that he wants Canada to go ahead with his Climate policies, even though Trump has decided to burn Obama’s climate plans to the ground. Hobbling Canada with a tax that the US will not have is insane.

T2 is so ill informed, ill advised and naive that I have to explain it to him in Canadian terms:

Think of it not as a climate change plan, but as a merger between the two football leagues, the CFL and the NFL. Both leagues want to play an interlocking schedule, so they send in Trump to negotiate the rules with T2. The two main sticking points are the length of the field (110 yards in the Canada and 100 yards in the US) and the number of downs (3 in Canada, 4 in the U.S.).

T2 decides that he must preserve the independence of the CFL and show that Canada must demonstrate to the world that we are “just so much better than that”, so his opening position is to say that Canada will take a ten yard penalty on every first down to even it up as we’re used to the longer field and we don’t want the Americans to run out of breath running the extra ten yards.

And then T2 announces that CFL players will only have three downs while the NFL gets 4 downs. This, T2 reasons, will respect the cultural truth of the Canadian society.

Trump caves in immediately to T2’s demands, walks away from the table and turns to his advisors and says “See, I told you guys that we’d be winning so much that we’d get sick of it. What a yuuuge Canuck putz. But now we need a big beautiful wall across Canada now because they are so stupid we don’t want them sneaking in here and messing up our gene pool.”

#39 Andrewski on 11.10.16 at 7:36 pm

Many financially illiterate people will fall prey to this! As always, caveat emptor.

#40 Statistician on 11.10.16 at 7:39 pm

Another thing to note about the most interesting election in US history:

Not only did Trump get the presidency but the Republicans now control both the senate and the house of representatives. The media isn’t covering that much. Even if Clinton was given the white house, she couldn’t do anything, because she wouldn’t have the senate.

The Republicans won on every front. How they did so will be a conversation that goes on for years but they did it.

#41 Rexx Rock on 11.10.16 at 7:57 pm

People who live in Vancouver or Toronto will pay whatever it costs to live there.Their family and friends are anchors for most Canadians.To pack up and move is a terrible experience and costly.Canadians are not as mobile as they were years ago so landlords rule the day if your a poor renter.

#42 Context on 11.10.16 at 8:01 pm

I know a Bandit when I see one and he must have had a make-over at the groomer recently.

#43 Editrix on 11.10.16 at 8:02 pm

Never trust a guy who wears a bowtie, unless he’s wearing a tuxedo….

#44 Sydneysider on 11.10.16 at 8:05 pm

There is no need to coin the acronym FOMO. The same idea is embodied in the words kiasu (fearful of missing out) and kiasuism (the corresponding behaviour or attitude) which are words of fundamental importance in Singaporean English (“Singlish”) and have been for many decades (in all areas of life, not just housing).

#45 NoName on 11.10.16 at 8:07 pm

“What can easily be done today to make your family financially more comfortable in the years to come?”

#CrankThePressureUp

https://youtu.be/a01QQZyl-_I

#46 TurnerNation on 11.10.16 at 8:07 pm

Speaking of the Do As I Say Not As I Do crowd, Ford’s former campaign manager – the one I flagged on here cussing out Torontonians in print during the election – is back. Attitude is everything.

http://www.citynews.ca/2016/04/18/rob-fords-former-campaign-manager-charged-with-impaired-driving/

“Rob Ford’s former campaign manager charged with impaired driving”

#47 bigtowne on 11.10.16 at 8:11 pm

There is a low cost solution for the housing shortage and the Japanese have discovered it. The almost non existence of immigration in Japan and their aging population guarantees an ever increasing number of vacant homes so much so within a decade or so there will be a 20% vacancy rate.

So Canada can organize for a comfortable and affordable and secure future with adequate housing for all or continue the mass immigration policy in place for the past 25 years.

Ontario could have given major tax incentives and tax breaks to developers and businesses in Cornwall; Sarnia; Kingston and Thunder Bay to locate there and ease some of the gridlock and created better jobs and affordable housing and better communities and more tax revenue for Ontario but being Toronto centric is their gospel.

#48 Andrew Woburn on 11.10.16 at 8:16 pm

“Broderick’s dilemma throws the spotlight on a dirty little secret: Canadian medications prices are the second highest globally and we pay far too much for generic drugs.

It is not uncommon for patients like Broderick, with complex health issues, to end up hundreds of dollars a month out of pocket because of their prescriptions.

Many Canadians stop taking the drugs they need because they can’t afford them. More than one in 10 don’t fill a prescription because of cost, says a 2012 Canadian Medical Association Journal study.”

http://news.nationalpost.com/news/canada/this-is-why-canada-has-the-second-highest-medication-costs-in-the-world

#49 Realtors are scum on 11.10.16 at 8:17 pm

Holly cow #1. You will know when toronto market is in a crash when he houses start going up in flames like they did in 2008-09. It’s a house of cards and realtor scum are ro blame for it since they have been proven liars By cbc journalists. Realtors are true scum.

#50 ww1 on 11.10.16 at 8:20 pm

#34 i.see.debt.people on 11.10.16 at 7:25 pm
First!

Still missing the automatic plonk via :

Deleted 8. Firster – yes, Jimmy, you.

Merciless : September 15th, 2016

#51 Realtors are scum on 11.10.16 at 8:23 pm

You can see all the lying realtor scum on this blog posting their nonsense of prices will only go up. It’s to bad they have no clients and are pathetic trolls on this blog. You will make no money for years realtor… remember that in the back of your mind. You may never work as a realtor again. You will have to work hard for your money

#52 not 1st on 11.10.16 at 8:26 pm

I wish we could elect trump here to clean up our swamp of realtor scum.

#53 Tiger on 11.10.16 at 8:28 pm

Dow Jones closes at all-time high

https://www.theguardian.com/business/2016/nov/10/why-has-dow-jones-hit-a-record-high-following-trumps-victory

#54 Debtslavecreator on 11.10.16 at 8:28 pm

The only issue that matters to housing over time is the amount of credit creditors are able & willing to provide and the amount of credit borrowers are able and willing to take on
The biggest determinant of the 2 is the yield on govt bonds
And folks, for the first time in many years after luckily being right on rates, it does look like we have turned the corner and all signs suggest we will begin to see a steady and sharp rise in fixed rate mortgages as soon as early December – the yields on govt paper are exploding -the govt bonds are in a slow motion 1987
3-3.25 % 5 yr is poossible by April -may
Look out RE – RIP housing bubble

#55 Smoking Man on 11.10.16 at 8:52 pm

Taken the night of to morn one of my hero’s. And listen to his tunes.

Rip Lenord Cohen the world lost a beauty

#56 WalMark of Sadkatoon on 11.10.16 at 8:56 pm

So what’s ontario gonna do to real estate next week??

Any guesses??

#57 WalMark of Sadkatoon on 11.10.16 at 9:00 pm

#36 nonplused on 11.10.16 at 7:34 pm

Interesting!

#58 NBE on 11.10.16 at 9:05 pm

That is one nice looking house Bandit has. No falling glass, crowded elevators, creepy underground parking. Just wood and lawn and great company …. what a life that dog has!

#59 alex on 11.10.16 at 9:07 pm

Seems like a great idea. Property in Toronto will keep rising with no end in sight as interest rates will not budge in Canada for the next decade at minimum. As well, don’t forget the current provincial government not wanting to enact any real policy change which could “hurt” the economy. If you think Patrick Brown is going to do anything later, guess again. There is too much money at stake and big profits. All other investments stink so it makes sense why people have went all-in with real estate. It can’t lose as there is so much at play to keep it going.

#60 Deplorable Dude on 11.10.16 at 9:08 pm

Btw….Trump won the popular vote as well.

Final numbers….

DT 59,559,369,306

HC 56,035,990,226

#61 The doubter on 11.10.16 at 9:10 pm

Garth, how much are you selling your dog’s detached? It is so attractive I guarantee it will generate a bidding war.

#62 WalMark of Sadkatoon on 11.10.16 at 9:12 pm

Everybody knew the democrats were in trouble when the media started talking about “scientific” polling

Rofl like wtf?

http://www.businessinsider.com/how-bad-the-polls-were-at-predicting-the-election-2016-11

#63 WalMark of Sadkatoon on 11.10.16 at 9:13 pm

Everybody knew the democrats were in trouble when the media started talking about “scientific” polling and calling any poll that had Clinton winning to be “scientific”

Rofl like wtf?

http://www.businessinsider.com/how-bad-the-polls-were-at-predicting-the-election-2016-11

#64 alberta guy on 11.10.16 at 9:14 pm

forget kondos for kids …

PORCHES FOR POOCHES!!

…you go bandit

#65 Ace Goodheart on 11.10.16 at 9:18 pm

So what kid is actually going to want a 25 year old condo that has been inhabited by legions of renters for years?

#66 Yuus bin Haad on 11.10.16 at 9:20 pm

Let’s ask the nice people at CREA what they think about “REALTRZ”.

#67 james on 11.10.16 at 9:21 pm

#29 smoking idiot

What an utterly ridiculous, rambling, unapologetically bigoted, incoherent emasculated turd you are.

Go away, coward.
—————————————-

Tonight, I honour Leonard Cohen.

#68 Wait There on 11.10.16 at 9:25 pm

The Mexican Wall

Here is how it will play out. NAFTA will be renegotiated as Mexico and Canada has already offered ( so soon?)
As part of the deal with Mexico, They Mexico will build the wall. Why? it’s cheaper to build it in Mexico by Mexican labor! They will pay for it. Workers willbe trained. Now also imagine the thousands of workers/potential migrants that will now be employed in Mexico. Afterwards, with skilled trades, they can emigrate to the USA where they will be needed for infrastructure reconstruction. Building a wall with US labor and material will be expensive and put too much pressure on the US labor market. Big problem solved. It has always been stated that immigration will still occur but legally. Gotta think outside the box like Trump.

I’ve never understood how it came upon people to accept illegal immigration. The people employing illegals are the one abusing immigrats. They work and are stripped of everything a legal employee is entitled to. Yet somehow someone who advocates legal immigration is considered evil. What gives….quite the opposite.

Why the negatives on Trump by the NASDAQ type tech companies? Ha! ever wondered who they employ as contract workers? I will leave it at that. Put 2 and 2 together.

So what if hiring legals causes some inflation? Isn’t that what the Fed wants? It is not going to be an easy job and out of the box thinking is required cause NA needs to try something other than monetary stimulus.

#69 Confucious on 11.10.16 at 9:27 pm

Seriously ?

These folks should have invested in “Condoms before Kids”

#70 ANON on 11.10.16 at 9:29 pm

OT, Leonard Cohen did not live to see The Future. Or maybe he caught the very first glimpse. It’s closing time. The place got wrecked.

#71 conan on 11.10.16 at 9:36 pm

RIP Leonard Cohen

https://www.youtube.com/watch?v=Ao0BdtZr2_M

#72 duffy on 11.10.16 at 9:39 pm

Trump has hinted he may lower the corporate tax rate to 15% to give incentives to corporations for them to move back to US soil, putting people back to work. First calculate increase in labor costs, moving costs, retooling, building rent or contruction, operating elctricity minus ocean freight The time line would be long to change the tax law, terminate jobs abroad, pack-up and relocate.The cost of their product would increase slightly which may be somewhat pouty to the Walmart shoppers. Then in 2020 when Michelle Obama and the democrates regain power and increase taxes again . . . . . . but wait that won’t happen cause it’s TWO TERM TRUMP.

#73 SimplyPut7 on 11.10.16 at 9:41 pm

I can’t wait until people finally realize investors (domestic and foreign) just used the Canadian real estate market to get easier returns until the American economy bounced back; and had no interest of establishing long-term communities people wanted to live in.

The markets are excited about the change in the US government, money from investors will flow from Canada and around the world, and soon pour out of real estate into private businesses again.

I wonder how long it will take smug people in Vancouver and Toronto to realize everyone was just rushing to buy a home because the prices kept going up and not because investors viewed their cities as world renowned cities to do business and invest in.

#74 over ask in Kitslano on 11.10.16 at 9:42 pm

Bandit detached easily would have fetched 100k spring 2016 or rented for 400 a month …now days 80k tops.

#75 Seems no rate increase in Canada on 11.10.16 at 9:47 pm

For the first time yesterday, markets posted positive odds for a Bank of Canada rate increase next year.
=================
Really? I think Poloz is planning to cut. Do I get it wrong??

For the first time yesterday, markets posted positive odds for a Bank of Canada rate increase next year.
=================
Really? I think Poloz is planning to cut. Do I get it wrong??
http://calgaryherald.com/business/trade-chill-from-trump-win-makes-bank-of-canada-cut-more-likely?__lsa=c7a3-ee9a
“Chances of a Bank of Canada interest rate cut just increased with anti-trade candidate Donald Trump’s election victory.
…………….
That may be the final straw for Governor Stephen Poloz, who said he almost cut rates last monthbut held off to see whether government spending measures would boost the economy or if persistently weak exports would pick up.”

#76 WalMark of Sadkatoon on 11.10.16 at 9:50 pm

So what kid is actually going to want a 25 year old condo that has been inhabited by legions of renters for years?

If in Toronto and on the transit line, then the answer is “everyone”

#77 WalMark of Sadkatoon on 11.10.16 at 9:52 pm

I still can’t believe Smokie went all in on his Trump prediction!!

#78 Bob on 11.10.16 at 9:54 pm

Ok Smoking Man, bought your book, got a laugh out of the Denzel Washington line….

#79 common sense on 11.10.16 at 9:55 pm

First a Trump win and now Canada and the world’s loss…

“Ring the bells that still can ring,,,,forget your perfect offering….there is a crack in everything….that’s how the light gets in….”

God Speed Mr. Cohen. Thank you for everything….

Can this week just end?

#80 traderJim on 11.10.16 at 9:56 pm

So Vancouver is imploding while Toronto skyrockets, only difference I can see is the Chinese dudes tax, and the timing is almost to the day, soooo

are we still saying foreign money has nothing to do with this?

#81 traderJim on 11.10.16 at 10:02 pm

I’m sure JT is a nice enough kid, I know exactly 0 about him, but one thing I know for sure, Trump is going to eat him for breakfast.

Not sure why I am so happy Trump won, Hillary would have been much better for my pocketbook.

Staying with my loonie short, and going to increase it on any little rally that we might get with oil prices rising now and again.

Shorting the loonie bigly is the only way I will stay close to breakeven once NAFTA is renegotiated and reality sinks in that Canada will not be getting a free ride any longer.

#82 BS on 11.10.16 at 10:04 pm

Now with Trump set to assume the US presidency, the odds of an interest rate increase have increased to 88% for next month, and top 80% for one or two more hikes in 2017. For the first time yesterday, markets posted positive odds for a Bank of Canada rate increase next year.

I think the amount inflationary policies DT will be implementing will be massive. This means higher rates, no question. He is committed to massive tax cuts for every tax bracket and for all corporations. He is committed to repatriating corporations foreign cash. He will not get jobs by re negotiating trade deals. For jobs he will spend his brains out on infrastructure and the military. He loves to build monuments and will build bridges, airports, aircraft carriers, etc. Interest rates will go up a lot quicker than anyone expects in the US. With the CAD tanking Canada will not be far behind.

#83 WUL on 11.10.16 at 10:08 pm

AB is seeing a bounce of the bottom. Tiny but a bounce nonetheless. Oil service companies are having some hiring difficulties. Former employees have sworn off the patch forever so, believe it or not, there is some tightness in that sector of the labour market. (Calgary Herald).

Construction jobpalooza in the Taiga with 2000 structures to be hammered together in Ft. Mac.

Not halcyon days but “shooting light” is on the horizon.

#84 Mark on 11.10.16 at 10:23 pm

“Why the negatives on Trump by the NASDAQ type tech companies? Ha! ever wondered who they employ as contract workers? I will leave it at that. Put 2 and 2 together.”

Yeah no kidding. The tech companies have fired (or not employed) hundreds of thousands of US citizens (and Canadians). Hiring foreign nationals primarily from India instead. They’re hopping mad at this point as some of the tech departments staffed by these guest workers on the H-1B visas are now utterly dominated by foreign nationals on visas.

In the 1990s, before the use of guest workers in the US tech sector accelerated, anyone with a degree or some computer skills could easily get a job. The employers were begging for people to come to work. After the 2000-2002 collapse, the tech sector employers were inundated with hundreds of resumes per position, and mostly only hired foreign. Top grads from top schools couldn’t even get the basic “courtesy of a response” from the tech employers. So much talent damaged by immigration policy which allowed US companies to replace US workers (and new US hires) with foreigners. Very deflationary, I might add, because those unemployed techies didn’t go away — many of them continued to work on free software, startups, etc.

Personally I don’t see anything about Trump’s policies that would be anything but significantly inflationary in the short-medium term. That’s why the bond market is selling off. If Garth is correct, a US bond market selloff will eventually creep northward. Accelerating falling RE prices in Canada’s major cities particularly Vancouver/Toronto that we’ve already seen for the past few years.

#85 len on 11.10.16 at 10:25 pm

Smoking man – spelling error free and sincere post!:)

The media is the symptom – they get marching orders to sell as on policies that do nothing for as. If they make money doing it, then that is a bonus. Since Bill Clinton, Wall Street plus identity politics worked to get democrats mostly elected, no more. The neoliberal technocrats who are the enforcer of the ruling elites really see political correctness as the remaining last problem to overcome. They can keep their corrupt cash heavy party with barely any base of loyal supporters.

The Republicans folded like a cheap suit. Trump is awful as a person – but policies trump Trump. WaPo just announced TPP is dead. The guy has not even assumed an office and tons of changes we were told were not possible are happening.

I can’t believe how long the populace was kept captive withing a veal pen. People are not stupid and blindly follow what is fed to them. Trump was elected despite massive interference run against him from every corner of every well connected insider – and won. Dark times ahead – you bet, but at least the system is moving again!

#86 len on 11.10.16 at 10:26 pm

hahah – spelling alert: us not as!

#87 Randy on 11.10.16 at 10:36 pm

Janet Reno was right about not seeing a Trump Presidency in her lifetime.

https://www.facebook.com/photo.php?fbid=10154642256572629&set=a.123762032628.132884.527227628&type=3&theater

#88 Pete on 11.10.16 at 10:59 pm

As a tribute go to the National Film Board’s website and watch the film: Ladies and Gentlemen, Mr. Leonard Cohen

He will be missed by all.

#89 DON on 11.10.16 at 11:02 pm

#29 Smoking Man on 11.10.16 at 7:12 pm

****************
Nicely put.

Now some millennials are protesting in the streets against Trump, missing the media entirely. It is jaw jaw dropping to watch.

Mother Hillary sure did a number on them, apparently these millennials were never taught to do proper research or analytical thinking. They should be pissed at her for what she did to Bernie. Short term memories or what.

The media are no more than actors reading us the news. It will change as people start to tune out.

On a good note the international tension seems to have decrease for the time being. Too early to tell.

What about the CMHC housing starts in Vancouver…Yikes!

#90 R.I.P. Leonard on 11.10.16 at 11:03 pm

There ain’t no cure for love.

#91 DON on 11.10.16 at 11:11 pm

#82 WUL on 11.10.16 at 10:08 pm

AB is seeing a bounce of the bottom. Tiny but a bounce nonetheless. Oil service companies are having some hiring difficulties. Former employees have sworn off the patch forever so, believe it or not, there is some tightness in that sector of the labour market. (Calgary Herald).

Construction jobpalooza in the Taiga with 2000 structures to be hammered together in Ft. Mac.

Not halcyon days but “shooting light” is on the horizon.
*****************
My BIL, who lives on Vancouver Island, got asked to go back to an old job – fracking services. They would fly him out and only pay for a hotel when he is out on a shift. But in between shifts (and they might sit waiting for days, especially now) he would have to pay for his own hotel etc. He obviously said no – not worth being away from his family. He is working on a new career now.

#92 Canadian free speech on 11.10.16 at 11:14 pm

On October 26, Canada’s parliament unanimously passed an anti-Islamophobia motion, which was the result of a petition initiated by Samer Majzoub, president of the Canadian Muslim Forum. The petition garnered almost 70,000 signatures.

http://www.zerohedge.com/news/2016-11-10/canadian-parliament-condemns-free-speech

#93 Goldie on 11.10.16 at 11:49 pm

I’ve been bragging lately on this blog about my prediction of Trump’s win at the beginning of the primaries (posted here sept. 2015) and about how quickly the markets would recover after Brexit ( I predicted two weeks, it was even less time), so why stop there? Now I’ll brag about my prediction on the blog a day or two before the election that “we’re so tolerant” leftists would riot if Trump won the election.

Take it away Paul:
https://m.youtube.com/watch?v=1d9lm-T87AQ

#94 Smoking Man on 11.11.16 at 12:02 am

My favourite, to my wife who stuck it out with a loon.

https://www.youtube.com/watch?v=NGorjBVag0I

Very sad right now, Cohen was a god to me.

#95 n1tro on 11.11.16 at 12:12 am

Smart yet short sighted how the India government is forcing people to deposit their bank notes causing a paper trail before being able to take it out just so they can tax people.

What will the government do when people start to do “dirty” deals in gold or bitcoin?

#96 WUL on 11.11.16 at 12:24 am

Garth, if I may, one more epissal and then I will head outside to watch the Northern Lights.

Could some crafty BC dogs critique Nikiforuk’s article in The Tyee on the “LNG Fraud” that is being perpetrated upon the fair taxpayers of that province by Premier Clark’s Socreds?

Yup, if the taxpayers pay Woodfibre to build and operate Sqaumish’s LNG plant (less smelly than a pulp mill that I could smell while skiing at Whistler – true story) a Prosperity Fund of $100B will result.

The announcement was a prop to have Ms. Clark re-elected in May if the folks in West Kelowna will have her back. If not, she can run in Spalumcheen.

#97 Ex-Cowtown on 11.11.16 at 12:29 am

And Trump already delivers on a major campaign promise and he hasn’t even taken office yet:

Mexico’s president and T2 have both said that they’re willing to re-negotiate NAFTA.

Unbelievable. Trump didn’t even have to ask. T2 is spineless. This tells you how long it will take for him to throw the climate activists under the bus.

#98 WUL on 11.11.16 at 12:34 am

And if the responses from my compatriots from BC on Nikiforuk’s article open with “The Tyee!!? That leftie rag!!”, I will summarily dismiss their arguments from the Bench.

*Sp. Spallumcheen

#99 Andrew t on 11.11.16 at 12:55 am

#59 Deplorable Dude on 11.10.16 at 9:08 pm
Btw….Trump won the popular vote as well.

Final numbers….

DT 59,559,369,306

HC 56,035,990,227
—-

Where did ya get those wack numbers from?

In the actual final tally, what’s remarkable is that nearly 47% of eligible voters did not vote at all.

#100 BMc in the OKV on 11.11.16 at 12:56 am

Will we see Bandit on “Tiny House Hunters”? Awesome pic.

#101 Ponzius Pilatus on 11.11.16 at 12:56 am

Wow, Cohen is gone.
At least, Young is still rocking.
After him, lights out.
So sad.

#102 Setting the Record Straight on 11.11.16 at 1:54 am

Electoral college

It’s there because of the 3/5th rule that was used initially to determine the State’s population and therefore its influence in Federal institutions. One black slave counted as 3/5th of a person for determining the States population. The states population determined the number of seats given the the state in the House. And that was all that was needed to effect the compromise since slaves did not vote in the local elections.

However if only free whites voted in the Presidential election and all votes were simply aggregated — well you get the idea. But if electoral college votes were apportioned to the states on the basis of the agreed compromise then each state would be represented in the electoral college inaccordance with its ‘population’

#103 dr talc on 11.11.16 at 2:00 am

My guess is that Trump’s win was not in the script. It’s a reality tv version of the old movie “The Producers”

#104 Quebec is Great on 11.11.16 at 2:52 am

Well said, Smoking man.
I wrote something earlier tonight about this that I’ll try and post here tomorrow.

#105 DON on 11.11.16 at 3:10 am

“Tightening measures take effect as China’s home price gains cool in October

Average new home prices in 100 cities slowed to 1.65pc, compared with 2.83pc in September”

http://www.scmp.com/business/article/2045095/tightening-measures-take-effect-chinas-home-price-gains-cool-october

Hmm!

#106 isuckless on 11.11.16 at 3:30 am

This is only for conspiracy theorists (SM included):
Will Trump be alive by the January 20th, 2017?

Bets anyone?

#107 Poignant, Prophetic, Brilliant Blog on 11.11.16 at 4:07 am

Read Name.

RIP Leonard Cohen.

bsant

#108 Lucky Bandit on 11.11.16 at 4:19 am

It would appear that Bandit has a better home, a yard with grass and a tall picket fence…which is more than most Millennials have.

Condos for Kids is just trying to keep up with the Bandits of the world.

bsant

#109 Rage against the phonies on 11.11.16 at 5:06 am

Globe and Mail days Poloz will lower rates this year and again next. Turdeau says we’re stuck with his industry killing carbon irrespective of common sense. Moroneau says killing new buys is the way to go.

Apparently our leadership can’t find their way out of Obama’s colon .

#110 nubbers on 11.11.16 at 5:09 am

Mark @ 83
“Why the negatives on Trump by the NASDAQ type tech companies? Ha! ever wondered who they employ as contract workers? I will leave it at that. Put 2 and 2 together.”
Yeah no kidding. The tech companies have fired (or not employed) hundreds of thousands of US citizens (and Canadians). Hiring foreign nationals primarily from India instead. They’re hopping mad at this point as some of the tech departments staffed by these guest workers on the H-1B visas are now utterly dominated by foreign nationals on visas.

Tell me about it. Not just in the US and Canada, either. Same in the UK and the rest of Europe.

Over the last 10-15 years or so, I have witnessed a whole generation of IT skills become lost to onshore and offshore indentured resource. Our young people no longer go into IT. Projects that were once populated by bright young things are now populated by grumpy old gits like me.

We (in the western world) gave our manufacturing industry to Asia long ago. Now we are giving much of our service industry to India. I have nothing against the workers as such. It is the way that the system (a.k.a. status quo) allows the big multi-national, non tax paying corporations to profit from their control and exploitation of cheap labour, either through sponsored visas (onshore) or though remote offshore centres.

From this perspective, Trump makes a lot more sense for the US than Brexit does for the UK. Trump might just repatriate jobs, manufacturing and money back to the US. Brexit, on the other hand, does nothing for the UK in that regard, as Asia and India are not in the EU. All we we are doing in the UK, is to send a whole lot of very well paid work to the EU. The UK, in contrast to the US, has thrown the baby out with the bath water.

At least if the US gamble works out, it might give the rest of us some pointers.

#111 Zen Headspace on 11.11.16 at 6:47 am

FELIX and his Bag of Tricks!!!

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

#112 Wrk.dover on 11.11.16 at 7:16 am

RIP Leonard Cohen.

Pretty manly shoes for the Bieber to fill, if he ever reaches adulthood.

Actually LC was an old man from day one.

#113 Victor V on 11.11.16 at 7:19 am

Global stock rally fades amid fear of higher U.S. rates under Trump

http://www.bnn.ca/global-stock-rally-fades-amid-fear-of-higher-u-s-rates-under-trump-1.605622

#114 Victor V on 11.11.16 at 7:28 am

Why Trump’s win could make mortgages more expensive

https://beta.theglobeandmail.com/globe-investor/personal-finance/household-finances/why-trumps-win-could-make-mortgages-more-expensive/article32807592/?ref=http://www.theglobeandmail.com&service=mobile

#115 Smoking Man on 11.11.16 at 7:45 am

http://www.express.co.uk/news/weird/603088/Does-picture-show-UFOs-are-tailing-Donald-Trump-during-Presidential-election-campaign
…….
Nictonites have Trumps back. I’m a little pissed that they call it a blob. It’s a plasma flier damn it.

#116 Smoking Man on 11.11.16 at 7:48 am

It’s a bit too much info. Shlong is not going to be happy about this.

http://www.express.co.uk/news/weird/727194/Alien-HYBRID-ETs-TAKING-OVER-EARTH

#117 molson cdn on 11.11.16 at 9:00 am

Debt is a blessing.

#118 Free trade is scam on 11.11.16 at 9:14 am

If Trump want to renegotiate NAFTA then T2 should reintroduce the Auto pact. Free trade is a scam on the working class. How has free trade been for Canada and the world?

#119 Bat Flipper on 11.11.16 at 9:16 am

Garth, condos for kids. I thought you would be on this today.

Vancouver slaps $10,000 a year tax on empty homes. Lie about it and it’s $10,000 a day
http://www.nationalpost.com/m/vancouver+slaps+year+empty+homes+about/12372683/story.html

Vancouver police sound the alarm about suspicious fires at vacant homes
http://globalnews.ca/news/3059766/vancouver-police-sound-the-alarm-about-suspicious-fires-at-vacant-homes/

This condos4kidz business is merely sensationalism to get onto the front page of thestar, cp24, globe, greaterfool, etc.

The very small 0.01% that would actually buy into this doesn’t have the money to go through with it. It is really just a REIN program in ‘help the kids’ clothing.

Not to mention, why would kids want their parents to tie them down to lifelong responsibility.

#120 Free trade is scam on 11.11.16 at 9:19 am

Interest rates should surge under Trump since he is known to default on his debts. Who’s to say he would default on Americas debt? He wants to borrow like crazy. Up up and away interest rates

#121 Gameovaaaa on 11.11.16 at 9:31 am

Garth, what about building Hostals for kids….on second thought just saw the Hostal series of movies, which have more gore than the Saw series……so maybe not a good idea…….

#122 Gameovaaaa on 11.11.16 at 9:39 am

#37 Ex-Cowtown on 11.10.16 at 7:36 pm

Think of it not as a climate change plan, but as a merger between the two football leagues, the CFL and the NFL. Both leagues want to play an interlocking schedule, so they send in Trump to negotiate the rules with T2. The two main sticking points are the length of the field (110 yards in the Canada and 100 yards in the US) and the number of downs (3 in Canada, 4 in the U.S.). ”

Oh c’mon go the fully monty Canadian and make the field measurements in bilingual metric….Trump will never get his head around that!

#123 Life among the Stars on 11.11.16 at 9:43 am

I truly wonderful human being.

#124 crowdedelevatorfartz on 11.11.16 at 9:45 am

@#51 not 1st
“I wish we could elect trump here to clean up our swamp of realtor scum….”
*******************************************

You might be waiting a while.
Trump and his father made most of their millions in…….real estate……

#125 Gameovaaaa on 11.11.16 at 9:46 am

#57 NBE on 11.10.16 at 9:05 pm

That is one nice looking house Bandit has. No falling glass, crowded elevators, creepy underground parking. Just wood and lawn and great company …. what a life that dog has!”

The real question on everyone’s mind is whether Bandit has a sit down toilet or one of the squatties seen throughout Asia….knowing Garth, he has purchased the latest high tech toilet from Japan with heated seats and control panel to ensure the little fella stays clean as a whistle

#126 Alex on 11.11.16 at 9:46 am

@Statistician
Are you sure you’re a statistician? Looks like you missed some historical data…

Same party in House, Senate and POTUS happened several times in the past (the very last time under CURRENT POTUS Obama lol).
Educate yourself
https://en.wikipedia.org/wiki/Divided_government_in_the_United_States

#127 crowdedelevatorfartz on 11.11.16 at 9:47 am

@#54 Smoking Man
“Rip Lenord Cohen ”
*******************************************

He was alive? I couldnt tell from his “music”

Tasteless. — Garth

#128 Linda on 11.11.16 at 10:07 am

Cool dog house! It certainly surpasses some of the human homes I’ve seen featured ‘for sale’ on this blog:)

#129 Context on 11.11.16 at 10:16 am

Bandit has just listed his detached home and a bidding war has broken out with all cash offers. He will be moving into a high rise apartment with his tax free dollars on a leafy street that has a swimming pool and even a dog park across the street. Bandit met a lady dog recently at an ice cream store and she encouraged him to sell at the top of the market; unknown to his master a conspiracy was hatched as she lives across the road from this new apartment building as love is in the air.

#130 Renters revenge is sweet on 11.11.16 at 10:16 am

Vancouver will see a glut of rentals as this new tax kicks in.
Robertson better hire some spies to canvass the city for empty houses and condos.
Tip for Robertson and staff… the bi-annual surprise fire drill at 3am will do wonders!

http://business.financialpost.com/news/property-post/vancouver-slaps-10000-a-day-fine-on-empty-homes-to-fix-rental-housing-crisis

Vancouver is becoming more attractive than the dreadful butt ugly Valley including South Surrey (Morgan Crossing) where every second neighborhood has major power lines above…

#131 mathman on 11.11.16 at 10:22 am

Just when I thought the RE folks could not stoop any lower, this is deplorable. Condo’s for kids, these people are parasites.

In advertising, investing and almost every other line of work you actually have to have data and be able to back up your claims. The copy on the condos for kids website and what they are claiming is nothing short of fraud.

the longer this market goes up, the more and lower down the food chain things go, to the point where you have deplorable people like this. We need a massive correction to restore basic economics to the housing market here.

Trust me when the dust settles you won’t believe the debt people have taken on and or the risk they have taken.

#132 Eks dee Sipal on 11.11.16 at 10:34 am

#91 Canadian free speech
That zero-hedge article is pure garbage. You should feel ashamed for posting it. If you share any of its twisted views, you are not only racist, but also divisive, petty, filled with prejudice and hatred, and 100% wilfully misinformed. Clear enough? Or would Garth allow me more colloquial language? The Zero guys have been exposed before, look it up. Garth said to ignore them, anyway…

I ran the ears on Leonard Cohen, and can confirm that he is NOT Dustin Hoffman, in case anyone was wondering…

One last thing for today. There is a possibility we may see Trump’s fake assassination (like JFK who is really just Jimmy Carter) and Pence will take over (who is Patrick Cassidy, Hillary’s son). Keeping it in the family. The war is for your mind. – XD

#133 Hans Schmit on 11.11.16 at 11:12 am

The TSX is down 181 points to 14,564. It was 15,000 in around summer 2007.

It is almost 10 years and still has no reached and made new record highs. I would not be surprised if we see a 16,000 TSX and then way back down to 12,000 in 2017-2018.

#134 Johnny Boy on 11.11.16 at 11:19 am

Donald Trump has a real problem now that he has shown his ugly face side to the voting masses. The “huuuge” boycott of Trump-owned company goods is causing a big shakeup in his business enterprises. He has now realized that his companies must appeal to the lower purchasing power of his political base if the companies are going to survive.
From Neiman Marcus before now to Walmart. I think this is just the beginning, he may be a Billionaire going in as president but his Brand will take a hit coming out in four years. Now I have a question will his silk ties still be made in China? How the hell is he going to make America great again? Good luck to the orange goof.

#135 Context on 11.11.16 at 11:20 am

Lenny Cohen after midnight as a younger man always considered Montreal his home. He travelled the world in search of adventure but would come into Ben’s Deli on occasion to sit in the poet’s corner beside Layton where the intellectual court was held. The tables were arranged for a sitting of 12 to 16 at the most because they always made room for the pretty young women. Lenny was shy somewhat with always a smile on his face and definitely an interesting character in debate, and he will be missed.

#136 Johnny Boy on 11.11.16 at 11:21 am

#113 Smoking Man on 11.11.16 at 7:45 am

http://www.express.co.uk/news/weird/603088/Does-picture-show-UFOs-are-tailing-Donald-Trump-during-Presidential-election-campaign
…….
Nictonites have Trumps back. I’m a little pissed that they call it a blob. It’s a plasma flier damn it.
…………………………………………………………………….
Trump is an Alien already his real name is Anus from Uranus.

#137 Victor V on 11.11.16 at 11:22 am

$1 trillion gone: The global bond market has only seen a rout this bad twice in 20 years

http://business.financialpost.com/investing/global-investor/1-trillion-gone-the-global-bond-market-has-only-seen-a-rout-this-bad-twice-in-20-years

“We do view the election of Donald Trump as a game changer,” said Adam Donaldson, head of debt research at Sydney-based Commonwealth Bank of Australia. “The strong bias toward fiscal expansion and inflationary policy represents a stark change to the malaise of recent years. This opens the door for the Fed to hike in December, but also more quickly in 2017 and 2018 than previously expected.”

#138 CJBob on 11.11.16 at 11:29 am

CAD $ now well below .74 and falling.

Sorry Mark, wrong again.

#139 SWL on 11.11.16 at 11:35 am

#95 WUL

Could some crafty BC dogs critique Nikiforuk’s article in The Tyee on the “LNG Fraud” that is being perpetrated upon the fair taxpayers of that province by Premier Clark’s Socreds?

Well I have not read the article you are referring to, but I will share my thoughts on BC’s LNG for a Washed Up Lawyer. I understand that when there is current government involved, especially BC government there is going to be corruption and fraud.

I had a meeting the project manager and engineer the other day regarding a fabrication we are working on destined for the Victoria Inner Harbour, when the subject of LNG came up. I know BC missed the boat with regards to actually exporting LNG for profit, but actually got some anecdotal confirmation. Turns out the money behind the project we are working on is Australian and the big cheese there is saying that the Aussie’s are having a hard time turning a profit with LNG at these prices and they already have their infrastructure set up. Leaves me to wonder how BC or Canada now plans on turning a profit with these market conditions and a cool billion or so just to get product to market?

On another note I get a kick out of all the ‘No LNG’ signs people put on their lawns to protest exporting LNG. I bet these same people would be quite upset if the Natural gas was all of the sudden shut off to their humble abode

One more point since I haven’t yacked at you for a while, with regards to Alberta bouncing back. I was txting with a former coworker up in the Tiaga and apparently my name had come up at a meeting and that perhaps I should give my former manager a call to say hello. I think I will as it has been a while since we spoke, but can’t see myself getting to excited about any offers they may have. I do miss a lot of the people I used to work with. However, despite what many people say or think working life on the Island, I have been busy with lots of interesting projects on the go. One just has to know where to look

Besides with the new hardware in my leg I don’t think I could bring myself back to flying every week. Haven’t tried it out yet, but my guess is that airport screening for me personally is going to be the same ol story over and over again

I’m still looking forward to that beer next time you are out this way

#140 Smoking Man on 11.11.16 at 11:40 am

5 countries that when right after socialist destroyed then.

http://www.breitbart.com/national-security/2016/11/10/7-nations-turned-rightward-america-elected-trump/

Canada will soon go right. Right now doesn’t look promising . Just watch what happens when a Nictonite gets of his lazy ass.

#141 SWL on 11.11.16 at 11:48 am

Crikey, look at silver slide. Glad I unloaded most of my positions last week

#142 TurnerNation on 11.11.16 at 11:56 am

As TCK.B goes the market goes. Weather, the bell.

#143 maxx on 11.11.16 at 11:58 am

#13 Timmy on 11.10.16 at 6:22 pm

….”Then, as tall towers age, maintenance issues can become a nightmare. Imagine sharing financial responsible for the damage done by a leak 20 floors above you.”

We know such a building (doesn’t everyone?). On life support with repairs having been done for the lowest possible price. Stuff gets “fixed” and breaks down again within a year or less. Water leaks never stop and no one seems to be able to locate the source.

Owners have been special-assessed to the eyeballs for years and many have sold, while others stay but continue to pull their hair out.
Nowhere near an investment. More of a money pit.
Realtards epitomize emotional manipulation.
Teddy R had it exactly right: “Get them by the (emotional) balls and their hearts and minds (wallets) will follow.”
Fools never learn.

#144 Smoking Man on 11.11.16 at 12:04 pm

As I always said, the loony left are violent animals, Just look at Oregon and the freak show in San Fransisco.

The new generation even worse. Those kids that turned their backs on T2 because he wasn’t left enough

Happens every time you get Trophies for everyone.

Nice Job Teachers.

#145 DON on 11.11.16 at 12:19 pm

#95 WUL on 11.11.16 at 12:24 am

Garth, if I may, one more epissal and then I will head outside to watch the Northern Lights.

Could some crafty BC dogs critique Nikiforuk’s article in The Tyee on the “LNG Fraud” that is being perpetrated upon the fair taxpayers of that province by Premier Clark’s Socreds?

Yup, if the taxpayers pay Woodfibre to build and operate Sqaumish’s LNG plant (less smelly than a pulp mill that I could smell while skiing at Whistler – true story) a Prosperity Fund of $100B will result.

The announcement was a prop to have Ms. Clark re-elected in May if the folks in West Kelowna will have her back. If not, she can run in Spalumcheen.
+++++++++++++++++++

Hi WUL

Norm Farrell is mentioned in the article an has down extensive research but not as much as Grant from The straight Goods. Grant’s blog is basically dedicated to the issue and has been instrumental as a source or investigative journalists. If you can get by the multiple font sizes and colors – lots of good info.

http://powellriverpersuader.blogspot.ca/ (Grant’s Blog – and he also is in the comment’s section of the Tyee.

https://in-sights.ca/ (Norm’s blog)

Then there ‘the gazetteer blog’ also

This was a fantasy to begin with – and by fantasy I mean world prices were tanking as they came up with this unicorn to win the last election – 3.5 yrs later nothing.

We could have at least developed the market for local consumption but Noooo the residents of BC are not deserving now we will have to foot the bill to subsidize this so the corrupt pay to play BC Liberal (conservatives) can save some face. And this is a small scale operation with a shady tycoon on the other side.

YUP BC is a Banana Republic.

And here’s something else to read – the BC government wrongfully ripped up a contract and dragged it out in the courts for 14 years knowing full well it would be overturned if taken to the Supreme Court of Canada which it was after the Supreme Court met for a couple of hours – the decision was announced in the courtroom to everyone’s surprise. Then again the Supreme Court is used to over turning the BC Court of Appeal on a regular basis.

http://www.cbc.ca/news/canada/british-columbia/bctf-supreme-court-of-canada-appeal-1.3403421

Funny how funding went down for public schools and up for private schools.

At the moment with respect to LNG Australia is loosing billions as the market crashed with no indication of when it will recover.

That’s BC for you.

#146 Pre-retiree on 11.11.16 at 12:36 pm

Now, you’ve done it!
My dog will want one too.

#147 Understood by few on 11.11.16 at 12:45 pm

#136 SWL
Besides with the new hardware in my leg I don’t think I could bring myself back to flying every week. Haven’t tried it out yet, but my guess is that airport screening for me personally is going to be the same ol story over and over again

———–

Doubtful. I had a big chunk of stainless steel in me, barely any flesh around it… 0 problems at the airport. Even in body scanners (which is a pretty rare occurrence now).

I though for sure they’d see it and have to ask what’s up my sleeve.

#148 n1tro on 11.11.16 at 12:49 pm

Johnny Boy, give it up dude. Your pick lost. Someone else is in. During the last few days since this has happened the DOW swung 1000 pts. Bonds tanking. Hope you and others made money because the dude who won is viewed as pro-business/spending.

#149 BS on 11.11.16 at 12:52 pm

From New York to Illinois to California, in red states and blue, protesters decrying Donald Trump’s election spent another night overtaking highways, smashing store windows, igniting fires

http://www.ctvnews.ca/world/rubber-bullets-and-fear-trump-protesters-flood-streets-anew-1.3155804

You would think it would have been easier to just vote rather than spend your evenings torching things and smashing windows. More effective too.

#150 james on 11.11.16 at 1:04 pm

Thanks Donald for all of your compelling pressure, browbeating, bulldozing, bullying, intimidation, high-pressure, and coercing in bringing out the best of America! Now you have really showed us how great Amerika is comrade.

http://www.msn.com/en-us/news/politics/racist-graffiti-greets-trump-win-across-usa/ar-AAk9qAY?li=BBnb7Kz

#151 Context on 11.11.16 at 1:24 pm

The Bombardier stock is getting close of being delisted and my memory is not good. Was it someone in this room who bought a lot of this stock or was it in a different room? This stock is getting ready for a crash landing as has too much debt.

#152 Deplorable Dude on 11.11.16 at 1:28 pm

#98 Andrew T – ‘Where did ya get those wack numbers from?’

Get out a calculator and add them up yourself…..

http://www.politico.com/2016-election/results/map/president

…….MSM isn’t reporting this as it allows them to maintain a false narrative.

They aren’t also reporting that the so called Tolerant who preached ‘love and peace’ are now rioting an torching US cities, are actually DNC recuited/funded renta-mob’s. Recruited from Craiglist ad’s and bussed in….probably G.Soros’s last gasp attempt to cause chaos.

#153 im not buyin' what dey sellin' on 11.11.16 at 1:32 pm

glen frey, bowie, prince, now LC.
people, wtfu, the only thing that died is the record biz,
it was replaced by the smartphone
the singing dinosaur rrsp=
fake yur death, disapear, enjoy a mini blip in sales

#154 When will they raise rates? on 11.11.16 at 1:47 pm

This is the second time I’ve agreed with Garth on his rate hike predictions. The first time was December of last year. You can go back and search my posts to verify.

How did I know the Fed would raise then, and how do I know they will raise in December (barring something unforeseen)?

Forget the market odds that Garth quotes.

Look at the US 13 week treasury bill yield. If the Fed meeting was held tomorrow, they would raise.

100% accurate predictor of Fed moves over the past 15 years. Right now it’s saying the Fed will raise.

#155 bdwy sktrn on 11.11.16 at 1:57 pm

#135 CJBob on 11.11.16 at 11:29 am
CAD $ now well below .74 and falling.

Sorry Mark, wrong again.
——————————–
not just wrong, but extra wrong.

0.7387
-0.0033
-0.44%

buffett sounds like a yuuuge bull right now. good times ahead. listen to his interview.
i’m quite concerned about the tsx however, if mark likes it so much there’s got to be big danger ahead.
sp500 looks good to go.

#156 Mortgage rates up tonight on 11.11.16 at 2:04 pm

Getting emails from lenders, fixed rates up 20 bps

#157 When Will They Raise Rates? on 11.11.16 at 2:13 pm

#138 SWL on 11.11.16 at 11:48 am

Crikey, look at silver slide. Glad I unloaded most of my positions last week
—————————-

That’s not silver sliding, it’s the USD strengthening. ;)

#158 InvestorsFriend on 11.11.16 at 2:21 pm

The Brutal Math of the TSX Returns since 2007

#130 Hans Schmit on 11.11.16 at 11:12 am said:

The TSX is down 181 points to 14,564. It was 15,000 in around summer 2007.
It is almost 10 years and still has no reached and made new record highs.

************************************
True, the TSX is just about equal to its peak in the Summer of 2007. So no capital gains since then. (There were dividends averaging roughly 3% per year).

The brutal truth is that of all the “money” invested in the TSX as of the summer of 2007 there has on average been no capital gain in the nine years since. Nothing!

Those inventments have traded hands many times since but for every dollar of capital gain that someone made, someone else lost that dollar given an unchanged index.

Lessons from this:

Capital gains can be hard to come by even over nine year periods.

Diversification into other asset classes is probably wise unless you truly have an investment horizon of over 20 years and are not bothered by bumps along the way.

Diversification into other countries is also likely wise.

If you can find a reliable way to beat the index (which REQUIRES that others must trail the index), that would be a wise path to follow.

But do such reliable ways to beat the index exist? Dollar cost averaging? Value investing? Momentum investing? growth stocks? Clearly that can’t all work.

Luckily, over really long periods of time the index has risen. Perhaps the main lesson is that a HUGE amount of patience and faith is required of equity investors.

Unfortunately, investors are fretting over day by day moves when what really matters is decade by decade moves.

Math is is not only hard, but for investors it is often brutal.

#159 InvestorsFriend on 11.11.16 at 2:29 pm

Context gives good advice … for 2014, 2011 or 2008

#148 Context on 11.11.16 at 1:24 pm said:

The Bombardier stock is getting close of being delisted and my memory is not good. Was it someone in this room who bought a lot of this stock or was it in a different room? This stock is getting ready for a crash landing as has too much debt.

*****************************************
They were talking about a reverse split (consolidation) to avoid delisting on low price.

You are YEARS late with your debt observation. But with government support Bombardier which has a large negative net worth will limp along for many years to come.

Airline investors and customers should be very thankful to Bombardier which takes in investor money and loses it with the result that airlines buy planes below cost. Investors unintentionally subsidise the cost of the planes. Weird but true.

#160 604renter on 11.11.16 at 2:32 pm

Condos for canines Garth? I will go in on the business woth you:)

#161 waiting on the westcoast on 11.11.16 at 2:33 pm

Hey Guys – long time no post… I see the world is changing fast and furious in your hemisphere…

We had a pretty bad wind storm a few weeks ago in Uruguay bit other than that it’s tranquilo… ;-)

Stunned at Trump’s election but kudos to his team for finding and motivating that force to the voting booth. At best, this will be a call to the elites to help this disaffected voters to find a place in the new world order. At worst, well, he gave a decent president-elect speech but has already shown his true colors with his teeth about the protestors. I am sure that his surrogates will have him appropriately muzzled.

Kudos to SM – either lucky or truly tapped into the insanity of society. Well – my businesses should be OK as they will reap the benefit of inflationary policies but I fear for the result of those policies in a few years.

#162 WUL on 11.11.16 at 2:46 pm

Hey Hipster Toronto Dawgs. The duo Beach Season from Calgary just signed with a bigtime recording outfit. They are heading to Toronto. Entertain the notion of finding a club they are playing in.

Kin of mine from Cowtown.

#BootyWave

Try “Tribes” and “Midnight”
https://soundcloud.com/beachseason
https://soundcloud.com/beachseason

#163 InvestorsFriend on 11.11.16 at 2:50 pm

Who Pays Tax on Currency gains?

I find gains and losses on currency in taxable accounts to be quite hard to track.

I suspect that VERY few investors track and report such gains and losses.

#164 willywonga on 11.11.16 at 3:02 pm

#135 CJBob on 11.11.16 at 11:29 am

CAD $ now well below .74 and falling.

Sorry Mark, wrong again.”

LOL in keeping with times, cue Mark’s theme song video,

https://www.youtube.com/watch?v=GXtHd25RyV4

#165 Condo hell on 11.11.16 at 3:03 pm

I have first hand knowledge of the issues of owning a condo.

In 2001 I purchased a condo in a ‘luxury’ building on the waterfront in TO. Under 100 units, and very well built. Having a lot of experience with building and renovating, I checked out every stage of the building, from foundation to plumbing and electrical as it was built.

I used to go and talk to the workmen and see how they thought it was going. One polish guy said he had never seen a condo as well built, with copper plumbing even.

I did all that as I was skeptical of condos, but the price was too good to pass up, the location perfect, 12 minute commute to Bay St. in rush hour.

The condo I paid $320k for in 2001 I just sold for almost 7 figures.

And boy was I happy to sell. Obviously.

The building did turn out to be remarkably well built, and looks as good today as when new. There have been some fairly big repairs, but nothing out of the ordinary.

Of course maintenance fees tripled in 15 years.

But the real problem I saw was that new owners paying 7 figures for apartments in the building wanted to spend big $$ on everything, forcing the original owners, who were quite content with things as they were, to go along.

Suddenly the carpets that were perfectly good had to all be replaced ‘in keeping with a luxury building’. All light fixtures had to be upgraded, even though they worked perfectly well. Elevators had to be upgraded (cosmetically, they worked fine). etc etc

These are not trivial costs. We’re talking hundreds of thousands of dollars.

But the biggest increase was in salaries to management and staff. Where I didn’t think we needed even the 1 24 hour hour shift of concierges we had, the new blood wanted to double staff.

So now we had 2 people sitting at a desk waving to you as you struggle in the door with your groceries.

Concierge costs were doubled to something around $450,000 per year. Insanity.

Again, this is an extremely well built place, and yet costs are just going to keep going up.

I can only imagine what will happen in 5 to 10 years to all the terribly built cardboard and laminate boxes that have gone up.

I predict some of them will be so bad, that they will have to be torn down.

And lucky taxpayers will get to foot the bill, because we sure could not let the people responsible pay for their obvious mistakes.

#166 MF on 11.11.16 at 3:07 pm

#146 BS on 11.11.16 at 12:52 pm

#141 Smoking Man on 11.11.16 at 12:

Yup. I posted about this yesterday (Garth didn’t like that post).

Like clockwork. Everyone knew the left would start rioting, burning cars and forming mobs

Democracy is only okay when it supports their views. Same thing after Brexit. Hopefully the Americans stay strong.

MF

#167 traderJim on 11.11.16 at 3:16 pm

Many videos show Trump supporters being violently attacked, violent protests on TV show protesters with ‘kill Trump’ signs, media and Dem’s portray Trump as Hitler, and yet some moron thinks anonymous graffiti portraying Trump as connected to Hitler is the work of a Trump supporter.

I have yet to see even 1 video of Trump supporters acting violently. Not one. In the age of cell phones, that seems odd wouldn’t you say? If it’s happening there should be evidence.

We all know there are of course some racist, lunatic Trump supporters. But if you are going to say a few extremists define the candidate they support (who has disavowed them), then surely that must apply to the Hillary supporters rioting and calling for Trump’s assassination.

Still waiting for a single shred of evidence that Trump supporters are acting badly. All I see online are celebrities and journalists calling for people to attack Trump supporters with baseball bats, and wishing someone would just kill him already.

Turning me from a libertarian/classical liberal into a hardcore Trump supporter.

#168 SWL on 11.11.16 at 3:16 pm

#144 Understood

Well that’s good news

#169 AB Boxster on 11.11.16 at 3:28 pm

#129 Eks dee Sipal
—————————-
Being Islamophobic is not being racist, fella
Any more than your anti Israel stance is.

Islam is not a race.
It’s a religion.

If your going to virtue signal at least get your left wing slurs right.

#170 traderJim on 11.11.16 at 3:35 pm

Just one of the videos of people being violently attacked for supporting Trump:

http://www.mercurynews.com/2016/11/10/woodside-student-attacked-after-supporting-trump-on-social-media/

Let’s see some actual video of Trump supporters acting violently, instead of hearsay and anonymous BS.

Personally, I’m surprised there are not videos of violent Trump people, as you know that there are lunatics on every side.

But looks like what’s fringe in the Trump movement is mainstream and accepted in the ‘progressive’ movement.

#171 traderJim on 11.11.16 at 3:39 pm

#159 taxes on currency gains/losses

A couple of years back I called Rev Canada on this, as I had substantial gains (owning properties and 90% of my stock portfolio in USD) when converted to CAD.

The person I talked to had no idea what I was even talking about and assured me that any gains or losses from currency conversions did not need to be reported.

Okaaaay then, if you say so. I was happy.

#172 Braj on 11.11.16 at 3:40 pm

#128 mathman on 11.11.16 at 10:22 am
Just when I thought the RE folks could not stoop any lower, this is deplorable. Condo’s for kids, these people are parasites.

In advertising, investing and almost every other line of work you actually have to have data and be able to back up your claims. The copy on the condos for kids website and what they are claiming is nothing short of fraud.

the longer this market goes up, the more and lower down the food chain things go, to the point where you have deplorable people like this. We need a massive correction to restore basic economics to the housing market here.

Trust me when the dust settles you won’t believe the debt people have taken on and or the risk they have taken.

It’s beyond words, and the amount of money they make! I hope a real estate agents will become extinct in the future. In an open information market they will have no purpose.

#173 Dan on 11.11.16 at 4:05 pm

We’ll make a lot of money selling real estate to American celebs who promised to come here if Trump wins.
Those people are honest, hard working and they will be proud Canadians, right?

#174 Dan on 11.11.16 at 4:12 pm

Clintons will be back in four years… They will win or will die trying….Hope a lot of media employees will get fired because they try to ignite hatred and fear. And all of them are in love with Hussain Obama who named himself Barry until he discovered that like Barack, he will go further. Democracy is coming to the USA….

#175 yyz186281 on 11.11.16 at 4:30 pm

#108 nubbers on 11.11.16 at 5:09 am

Re: I.T. TFWs and off-shoring:

You know, I can live with the off-shoring of the I.T. work. I mean, if these companies really want to put up with having their I.T. work done on the other side of the world by people who are pretty much 12 hours offset in terms of working hours, and which controlling the work and quality thereof is not always easy, well they can go for it. They’ll see just how good an idea it is.

But companies employing foreign captive workers here at below market wages? Why should I have to compete with that here in my own country? I can tell you this much, if my employer ever came to me and told me to train my TFW replacement, I’d tell them where to get off. Or go along and totally sabotage their efforts by mis-training the replacements. I’m not a vindictive person, but that kind of thing just rubs me the wrong way.

#176 NEVER GIVE UP on 11.11.16 at 4:40 pm

#148 Context on 11.11.16 at 1:24 pm
The Bombardier stock is getting close of being delisted and my memory is not good. Was it someone in this room who bought a lot of this stock or was it in a different room? This stock is getting ready for a crash landing as has too much debt.
———————————————————–
We have a condo economy. We dont need to invest in business even if we make a great plane.
Why take the risk?
An investor can do much better in Real estate. Our Government seems intent on keeping it going.

I will be supporting a “Throw the Bums out” method of voting until some government fixes this problem.

T2 has done precious little.
I wont accept that it will go sideways for 20 years.
The fix has to be now.

Christie is already too late for my vote. I will throw support to the other guys now.

I don’t care if she is great for LNG. Real Estate has made so many lives intolerable here directly due to government inaction.

We are still the Money Laundering capital of the world.
Do you really think that foreigners are not buying here through corporations?
$200 bucks gets you a corp. and your clear of the foreigner tax.

#177 Freedom First on 11.11.16 at 4:49 pm

#147 james

Yes. james. The American people have spoken.

james. Try this, it may help you. Just think of the Donald being voted in as the next president as a vote against you. And, of course, people like you. You know, The PC looney bin leftist anti-free speech hate mongers who are engaged in a baby like rioting tantrum, after carrying anti-hate placards during the election.

2 fingers to you james. You need it.

#178 Snowboid on 11.11.16 at 4:54 pm

#131 Johnny Boy on 11.11.16 at 11:19 am…

Despite most of our neighbours in the NW valley of Phoenix supporting the Democrats, we have one vocal Trump/Pence supporter.

This is the same one who I had mentioned before – lost everything betting on real estate in 2007-8.

He stuck his head over the fence yesterday and said we could help make America great again… by leaving.

We’ve decided to take him up on the offer – we list next week. We expect to net about $ 220K CAD (after RE fees, Cap gains, improvements, etc) – not bad for our initial investment of $ 130 CAD 6 years ago (90K net gain).

Actually we had thought about selling in 2017 anyway – so the election of Drumpf just helped confirm our decision.

We still plan to winter in the sun (maybe not in the US) but will rent.

Stay tuned…

#179 Freedom First on 11.11.16 at 4:56 pm

Yes. Been a fan of Leonard Cohen since high school. Truly a good soul.

#180 Victor V on 11.11.16 at 5:01 pm

Big banks’ mortgage rates edge higher in response to Ottawa’s efforts to cool housing

http://www.financialpost.com/m/wp/news/blog.html?b=business.financialpost.com/personal-finance/mortgages-real-estate/big-banks-mortgage-rates-edge-higher-in-response-to-ottawas-efforts-to-cool-housing&pubdate=2016-11-11

#181 Context on 11.11.16 at 5:28 pm

#167 trader Jim: I will be paying my taxes like a good Canadian. You might recall on November 7th stated the Mexican peso was at 18.43 against the USD indicating a Clinton win and if the longshot came in with a Trump win the Mexican peso would be trading at 22.00 against the USD. I closed out today at 21.10 for a little profit as was not going to be greedy. Now at 18.43 the peso was fully discounted so very little downside to worry about. :)

#182 Ronaldo on 11.11.16 at 5:39 pm

#154 InvestorsFriend on 11.11.16 at 2:21 pm

”Unfortunately, investors are fretting over day by day moves when what really matters is decade by decade moves.”
—————————————————————-
Tell that to those in their 70’s and 80’s who may only have a decade or bit more like Garth for example. Unless of course you have tonnes of cash and plan to leave it all to your kids which I don’t since they have all they need.

#183 espressobob on 11.11.16 at 5:56 pm

#154 InvestorsFriend

Great comment. It seems many discount a global view when festering locally. It’s surprising that the TSX composite is a minor player when compared to the rest of the planet, but then again it’s a fact.

https://www.blackrock.com/ca/individual/en/products/239697/ishares-msci-world-index-etf

#184 Metaxa on 11.11.16 at 5:59 pm

#141 Smoking Man
#162 MF
#163 trader Jim
# etc, etc, etc…

As I always said, the loony left are violent animals,
and
like clockwork. Everyone knows the left would start rioting…”
and
I have yet to see even 1 video of Trump supporters acting violently…”

read outside of the echo chamber and you will find:

Trump boys drive onto a black campus and film themselves https://www.rawstory.com/2016/11/trump-fans-film-themselves-driving-through-womens-college-and-harassing-black-students/

Trump lickers ram veteran in politically motivated hit and run http://www.rawstory.com/2016/11/trump-supporters-ram-sign-holding-war-veteran-with-truck-in-politically-motivated-hit-and-run/

White supremacist group targets Hillary Clinton in new harassment campaign…http://www.rawstory.com/2016/11/white-supremacists-targets-hillary-clinton-supporters-in-new-harassment-campaign/

An aggregator account of things Trumpsicles are now feeling the urge to do to their fellow citizens:http://ithasbegun2016.tumblr.com/?utm_source=fark&utm_medium=website&utm_content=link&ICID=ref_fark

You guys rail against the left all you want, all you do is expose yourselves for what you truly are…do you really expect me to believe that if the vote/numbers went the other way that your side would not protest as well?

Folks in North America protest and even riot over sports teams winning or losing, your childish spamming of this blog with stuff anyone of us can easily read or find out with zero balance is laughable.

#185 When Will They Raise Rates? on 11.12.16 at 2:56 am

University of Michigan Gives Students Play-Doh, Coloring Books to Cope With Trump:

https://pjmedia.com/trending/2016/11/10/u-of-michigan-gives-students-play-doh-coloring-books-to-cope-with-trump/

#186 When Will They Raise Rates? on 11.12.16 at 2:59 am

It’s mourning in America:

https://i.sli.mg/Aw92g4.jpg

#187 When Will They Raise Rates? on 11.12.16 at 3:05 am

I thought this was satire at first:

https://www.youtube.com/watch?v=OV4LuhnPf2A