Grossed

There are about 120,000 realtors in Canada, a third of them in the GTA and 22,000 in BC. Selling, financing, insuring, staging and appraising houses has become a huge business over the past decade. Since the credit crisis it’s emerged as one of our fastest-growing industries, which is interesting because it produces nothing. (The house-building and renovation sectors, where people get dirty and do stuff, are not included here.)

The other day this blog referenced a report claiming 3% of the entire national economy is now made up of house buying/selling fees and commissions. It’s a scary number, especially when you compare it to the US (less than 0.5% of their GDP).

Old Ron the Realtor thinks I’m full of it. Here’s his argument:

“I have been thinking about the estimates of residential real estate fees as a percentage of the overall national GDP, and the 3% figure I have read seems high. TREB trading area which is roughly the same as the GTA has the following numbers.

“Residential Sales: 92,400 (2017); Average price : $822,681 (2017); Gross Sales about $76 Billion (2017)

“Commish estimate 4% per sale. (I know everyone says its 5%, but I would guess that the commish is discounted in 3 out of 5 sales. Sometimes considerably.) This means $76 Billion in gross sales x 4% or $3.04 Billion in commission.

“The area’s GDP is estimated at $304 Billion, so residential real estate sales commish is about 1% of the total GDP. Further prices and sales volume would be less in most of the rest of the country which would tend to diminish the Commish-to-GDP ratio. Now if you want to include commercial real estate, legal fees, mortgage fees, and all of the ancillary business that real estate spawns then the impact on GDP clearly would be greater. “

And that’s the point. Real estate brokerage fees and other transfer costs in Canada, say Macquarrie economists, now eclipse levels experience in the US just before that real estate market imploded. (So does our household debt, for that matter.) Commission is a big part of it, but not all of it. If the country experiences a wide-spread real estate correction, employment could be seriously affected.

But why are so few houses for sale?

It’s getting extreme in Vancouver, and now even in the GTA. At the moment about 10,000 properties (of all kinds) are listed in a region of six million people, which is less than a two-month supply. Granted, this is explosively greater than a year ago when only half that many active listings were available to choose from, but lately a large number of them have been withdrawn or allowed to expire.

Buyers in 416 complain there’s nothing to view, especially in traditional demand areas. The market seems to be seizing up – lousy sales, reduced inventory, no pre-spring buzz – and the stress test is getting the blame.

It’s been a while since we heard from Mr. Deep, a Vancouver realty insider, but he’s broken his silence to tell you YVR is likely pooched.

“There are basically no listings…  none – nothing is coming on the market. My theory is that this is actually the first sign of a market decline.  Why is this? The listings in January are usually those who plan large scale move up buys. They start the year by listing and then hope to have a deal by spring so they can buy and move up. Since they can’t move up because of B-20 – they can’t list and won’t list because they cannot see a path to a transaction.

“New listings are dead… so dead in fact that the inventory from December to January – which typically is one of the largest nominal percentage increases – will maybe even be down. This has never happened. So what does it mean that listings are dead. Does this mean the market is about to stop? It’s all a bit strange.

“Sales are up because B-20 caused a rush to meet the old rules. But listings? These are real – current period.  They are dead.  I have 15 years of data by month and can’t find a similar pattern ever. So – it will be interesting to see what happens. 2018 will be one of the most interesting years. Ever.”

And here’s the interesting part. Inventory of good properties falling. And in the large markets, detached houses are taking it on the chin. Only 14% of such listings are selling in Vancouver, compared to almost 60% for condos. In the GTA, the sales-to-listings ratio for single-family homes has collapsed by half, and the market overall has gone from favouring sellers to smiling upon buyers.

As stated, it will take six months of data to confirm that rising rates, falling credit and insanely incompetent politicians have taken their toll. But by then, it may be too late.

Zoocasa

359 comments ↓

#1 For those about to flop... on 01.26.18 at 5:57 pm

Tell me something.

When you click on a link to a realtors website,is this what you expect to see staring back at you…

M43BC

http://www.thecolourofrealestate.com

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

Feel free to make a donation.

Flop For Fox Fund…

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

#2 Skyscraper Index on 01.26.18 at 6:04 pm

I’m seeing development proposals in the northern part of Vaughan to construct condos of at least 45 floors high. At King City, one developer wants to construct a 65 floor tower, likewise in Quebec City where a developer wants to construct a 65-71 floor high bank tower. The real estate bubble continues…
Where’s Mark to explain a $1.50 US dollar Loonie under deflationary pressures?

#3 Canadian One on 01.26.18 at 6:05 pm

How has the world been importing and exporting?

https://atlas.media.mit.edu/en/rankings/country/eci/

… very useful tool.

A snapshot @https://www.teletracnavman.com/infographics/top-imports-exports

#4 tccontrarian on 01.26.18 at 6:06 pm

“As stated, it will take six months of data to confirm that rising rates, falling credit and insanely incompetent politicians have taken their toll.” – GT
———————————————————–

Like when a person jumps off a 10-storey building…on the way down just past the 5th floor he excitedly exclaims, “so far, so good…”
The splatter on the sidewalk is only a matter of time however ‘pleasant’ the ride till now.

It’s not different here (this time)!

TCC

#5 David Pylyp on 01.26.18 at 6:09 pm

In the run up to the spring of 1990, there was burst of listings that continued all year.
The prices then slide for 5 consecutive years, not major adjustments but minor price reductions till you found a buyer.

I expect the same will befall us in Toronto, but you are correct, there is no surplus of listings.

We are waiting for something….

#6 LH on 01.26.18 at 6:11 pm

IN THE VERY LONG TERM (since 1870)

http://www.nber.org/papers/w24112

Housing (Urban Land) surprisingly outperformed Stocks! (and at far lower risk and correlation)

Bond returns were far behind, and cash was trash

#7 Mike on 01.26.18 at 6:13 pm

Can’t understand how low number of listings will cause market prices to go down…..seems like it will go up again.

Garth, seems like we will see new highs in GVR in 2018.

Oh, I am only one in my circle renting and resisting buying, and proven wrong again and again for last 4 years now. So sad…uh.uh.

#8 LH on 01.26.18 at 6:13 pm

The reason few fresh SFHs are for sale in demand areas (e.g. downtown Toronto)?

Market will easily double again in the next decade. Don’t be such a fool as to sell now.

Supply < Demand

#9 FOUR FINGERS WATSON on 01.26.18 at 6:14 pm

Thank you Mr. Deep for your information and your insights.

#10 Frowning on 01.26.18 at 6:15 pm

“the market overall has gone from favouring sellers to smiling upon buyers.” ~ Garth

You’re joking right? Prices won’t be smiling on buyers unless prices return to 2010.

Price will never return to 2010 in the GTA unless the Pickering Nuclear Reactor explodes like the zit on my forehead.

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm

I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth

#12 NoName on 01.26.18 at 6:21 pm

Today I learned

1- if you use permanent marker on white board, it’s funny as _____.
(don’t be like me, just make sure it’s not you using white board)
2- I can’t VBA any more tried to think and find solution for simple problem and with some help I got only half of solution couldn’t figure out 2nd half… I just got nothing all day today…

As for permanent marker and white board,, don’tc, wait for permanent marker to dry, re trace in my case drowning with fresh (preferably brand new) dry erase marker and use paper towel to erase, don’t smear to much clean in small strokes. At least I got one not wrong today…

#13 Mike on 01.26.18 at 6:22 pm

SCM – N

20% crash of RE prices in GVR -Y
.

Garth make both of them happen, or none(just let people rabble)

#14 Trocxi on 01.26.18 at 6:23 pm

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm

I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth
==========================

NOOOOOOO!

How shameless one can be? Unbelievable.

#15 bubu on 01.26.18 at 6:24 pm

I don’t know how is GTA or GVA but in Calgary and Edmonton the oil collapse, interest rate grow and B-20 didn’t and don’t have any effect…

#16 tccontrarian on 01.26.18 at 6:26 pm

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm

I think I’ve paid my debt to this blog by now Garth.
————————————————————
Let’s see what the rabble thinks. Y or N to SCM? – Garth
***********************************************

How about ‘on probation’ – one post per day, for 90 days…then re-assess.
If, during probation period s/he re-offends, banned for the year.

TCC

#17 Shelly Shuster on 01.26.18 at 6:27 pm

Rarely comment. N to SCM. Enjoying the vacation away from multiple ravings by SCM….hoping it becomes staycation.

#18 Hell no on 01.26.18 at 6:27 pm

N

#19 Joe2.0 on 01.26.18 at 6:27 pm

Market decline because of low inventory, did I miss read that?
That makes RE a commodity.
Almost Always.

#20 Smartalox on 01.26.18 at 6:28 pm

N to SCM!

I don’t understand what you do that keeps getting you banned, but I HATE how your divisive rhetoric drags the comments section off topic.

SCM, you have a right to free speech. You do NOT have the right to an audience, especially on someone else’s dime.

You want to post your thoughts online, go start your own blog, and earn your own likes and eyeballs.

#21 OhMG Canada on 01.26.18 at 6:28 pm

SCM=No thank you please

#22 Richard Thorncroft on 01.26.18 at 6:29 pm

Yay to SCM, Nay to Flop’s fundraising. They’re only giving for the tax write-off you know.
But could you also give me a DELETE now and then so I know my internet is working?

Thanks,
Rich

#23 Rob on 01.26.18 at 6:31 pm

YES for Screwed Canadian Millenial!
No for Trump!

#24 Royal City Dweller on 01.26.18 at 6:32 pm

SCM – NO
SCM – NO
SCM – NO
SCM – NO

Now and forever. And ever.

#25 Mark on 01.26.18 at 6:34 pm

“Where’s Mark to explain a $1.50 US dollar Loonie under deflationary pressures?”

$1.50 USD/CAD would reached through a combination of very high commodity prices (ie: $3000+ gold), significant Canadian deflation in RE and debt, significantly accelerating US inflation, and very negative sentiment towards the US economy and very positive towards Canada.

$1.50 would be an example of a mania in and of itself, just like the peak of the USD at $0.63 USD$ back in the early 2000s was an example of the peak of a mania in the USD$ which only lasted briefly.

#26 Penny Henny on 01.26.18 at 6:35 pm

#218 Stan Brooks on 01.26.18 at 4:51 pm
#215 Penny Henny on 01.26.18 at 3:52 pm
#187 Stan Brooks on 01.26.18 at 12:20 pm
#185 InvestorsFriend on 01.26.18 at 12:16 pm

Are you for serious?

Inflation of 1.9 % yearly? Really?
////////////////////

How are you to know Stan. You don’t even live here.

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

Communicating with people there?
Visiting from time to time?
Reading your mind?
Tracking prices on Internet?

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

Let it go Stan.
Obviously you have found nirvana.
The stress just makes you bitter.
From all of us here I give you permission to stop worrying about those you have left behind.
Good luck and Bon Voyage.

#27 james on 01.26.18 at 6:37 pm

Absolutely yes to SCM.

Given the incredible number of “deletes” of Emasculated Smoking Turd, and the stunningly bigoted crap from him that you continue to let through, I cannot imagine how anything SCM has written (or had deleted) even comes close to that kind of garbage.

Not even remotely a close call, Garth.

Let SCM say whatever.

And please pay more attention to the huge bias in these comments, in favour of male baby boomers who are white supremacist, racist, misogynist and crypto-fascist Trumpian idiots.

#28 FOUR FINGERS WATSON on 01.26.18 at 6:38 pm

Let’s see what the rabble thinks. Y or N to SCM? – Garth
………………………….

No problem with SCM, I know how to scroll past. I find it interesting to get a glimpse of what other people think even tho i might be in total disagreement.

#29 Anne on 01.26.18 at 6:38 pm

SCM – No. Thank-you.

#30 Canadian One on 01.26.18 at 6:40 pm

I thought SCM was calling quits on this country? What happened? Still interested in the mess this place provides?

In real life we say “watch and learn”. I hope to see him/her appreciate this blog and LEARN. Minus the vile content. Rabbling Yes.

….lots of mills looking for a second chance before hitting mid-life!

#31 Another Deckchair on 01.26.18 at 6:40 pm

SCM – N.

But, how about SCM start a blog, and Garth can post a link to direct those interested.

SCM – are you up to the challenge of actually having your OWN blog? No more pathetic pleading with Garth??

#32 Doug t on 01.26.18 at 6:41 pm

Please for the love of all that’s holy BLOW the lid off this market – I’ll take 30% for $200 jack. I own in victoria and would looooov the boots to kick this smug city in the crotch

RATM

#33 common sense on 01.26.18 at 6:41 pm

I agree with #16….we all make mistakes, 90 days probation seems fair IF AND ONLY IF, posts are respectful and on topic…freedom of speech is one thing, constant yapping off another…

Well Canada went all in on oil, all in on housing? What’s next? Thrift stores?

#34 For those about to flop... on 01.26.18 at 6:41 pm

I won’t take part in this particular vote ,but in future,anyone who makes you want to pull the pin then just get rid of them.

This blog is too important a public service to be taken over by a knucklehead.

Blog lives matter…

M43BC

#35 Stone on 01.26.18 at 6:41 pm

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm
I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth

———

No. Begone forever.

#36 Former Fool on 01.26.18 at 6:43 pm

No to SCM!

#37 Nanaimo Nascent on 01.26.18 at 6:43 pm

Please do not allow SCM back, but do allow the occasional attempt with the required BANNED. The associated mental image of the cat trapped under a box makes me laugh so hard when I see that.

#38 paying my share on 01.26.18 at 6:44 pm

I give SCM a yes, learning a lesson here may help turn her into a productive taxpayer.

#39 Herod K. on 01.26.18 at 6:46 pm

Esne ebrius iterum ?

#40 -=jwk=- on 01.26.18 at 6:46 pm

Boomers can’t handle the small nugget of truth in SCM ramblings…poor things.

SCM – Y

#41 Gil on 01.26.18 at 6:49 pm

SCM – No or at the very least highly limited number of posts / day (1-2)

With no increase in detached pricing on the horizon at least flippers are out. Which means number of sales drastically down but I do not see more than another 10-15% correction in Toronto. Price stagnation for years

#42 Keith on 01.26.18 at 6:51 pm

In the interests of freedom of speech, yes to SCM subject to Garth’s rules of admission. Self limitation to <3 per day would make your points nicely. Permitting opinions that are in opposition to the majority makes a better debate, and a better blog.

#43 Norval on 01.26.18 at 6:53 pm

Scm NO! Please.

#44 Stand Back And Watch Prices Fall on 01.26.18 at 6:54 pm

Human nature is to jump in as prices start dropping. The disciplined – will stand back and watch them continue to fall. Only Fools Rush In!

#45 Penny Henny on 01.26.18 at 6:54 pm

#6 LH on 01.26.18 at 6:11 pm
IN THE VERY LONG TERM (since 1870)

http://www.nber.org/papers/w24112

Housing (Urban Land) surprisingly outperformed Stocks! (and at far lower risk and correlation)

Bond returns were far behind, and cash was trash

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

Maybe that had to do with people moving from the farm and into the city.

LH, sold any of the rentals yet?
Not that you have to.
Any stock tips?

#46 Smoking Man on 01.26.18 at 6:56 pm

#26 james on 01.26.18 at 6:37 pm
Absolutely yes to SCM.

Given the incredible number of “deletes” of Emasculated Smoking Turd, and the stunningly bigoted crap from him that you continue to let through, I cannot imagine how anything SCM has written (or had deleted) even comes close to that kind of garbage.

Not even remotely a close call, Garth.

Let SCM say whatever.

And please pay more attention to the huge bias in these comments, in favour of male baby boomers who are white supremacist, racist, misogynist and crypto-fascist Trumpian idiots.
…..

Deranged and unhinged as usual. Is everyone from planet Lesbetron as metal as you?

#47 The Great Gazoo on 01.26.18 at 6:58 pm

SCM – NO please, less scrolling to do

Yes to Flop donations, hey flop, can you give a bit more direction on how make a donation. I thought it would take me to a personal donation page, but no.

#48 SCM is gone! on 01.26.18 at 6:59 pm

SCM NOOOOOOOO more of your boomer bashing. and I am a gen x er.

If you mention boomers negatively then banned for a year

#49 Penny Henny on 01.26.18 at 6:59 pm

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm
I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth
/////////////////////

Maximum 5 posts per day.
Pick your battles.
Don’t try to initiate.

Just my 2 cents, with rounding = zero

#50 Frowning on 01.26.18 at 7:00 pm

I want SCM to do more productive things like look for work or browse Pornhub. So I must vote “no” for his best interest.

Maybe we can hold a referendum on this issue in a couple months.

#51 ChicagoDog on 01.26.18 at 7:03 pm

SCM = Yay.

Only because I think all angles of attitude are worth listening to – until they incite or peddle hate. However, civility rules are rules. Someone suggested a one post per day probation and that seems fair. I have to say – I’ve been popping my Garretts Chicago popcorn and watching this slow motion trainwreck for at least 5 years now. It’s better (and easier to follow) than Game of Thrones.

#52 Art on 01.26.18 at 7:06 pm

SCM-

Yes please. Even if he is wrong and insane, at least he is not PC.

#53 Penny Henny on 01.26.18 at 7:07 pm

Hey Garth.
I think I’ve finally figured you out.
The ping that goes off when a comment is registered causes a dopamine drop off in your brain!
For what other reason would you even consider having SCM back?
Gotta go now my burgers are almost done.
Homemade not McD’s

#54 PastThePeak on 01.26.18 at 7:08 pm

If you must bring the destroyer of all threads back, I would say approach it as tccontrarian recommends. One or two posts per day. See if any restraint is maintained (I highly doubt it).

Can’t imagine what “debt” to the blog has been paid…

#55 sean on 01.26.18 at 7:08 pm

SCM – yes.

But SCM, one well thought out post per day is likely a good target.

#56 Adam on 01.26.18 at 7:08 pm

It’ll take years of corrections before you can say that a market in GTA or Vancouver is “smiling on buyers”

#57 Hvacr on 01.26.18 at 7:10 pm

No gracias por SCM

#58 Smoking Man on 01.26.18 at 7:12 pm

Falling like flys

CTV reporter Paul Bliss suspended following allegations of sexual misconduct.

Now is your chance ladies.

#59 Christina on 01.26.18 at 7:15 pm

SCM- no thank you

#60 MF on 01.26.18 at 7:17 pm

SCM – that’s definitely a no.

A huge embarrassment to we millennials.

MF

#61 Newcomer on 01.26.18 at 7:21 pm

I’d give Screwed-Up Canadian Millenial another chance, not so much out of compassion as because it’s fun to watch the blood-pressure spikes he causes.

Perhaps you could set as a condition that he undertakes to start a business that provides employment to at least one other person and tell us about it. That way we’d have the fun of watching his blood pressure spikes as well.

#62 HanMan3000 on 01.26.18 at 7:23 pm

SCM – Y
There is tilt toward certain demographics within this audience and SCM brings some balance.

SCM: when your comments are high quality, they add greatly to the discussion. When you spiral, it’s a detractor. Keep your quality in check. Sometimes less is more :)

#63 I’m stupid on 01.26.18 at 7:23 pm

I don’t perticularly agree with SCM, and I find it irritating at his frequency of post but I think he should be allowed to share his point of view.

#64 Dead Cat Bounce on 01.26.18 at 7:24 pm

Since you asked…

No to SCM ! Just say no !

#65 Freebird on 01.26.18 at 7:25 pm

#26 James
Agree with most.

SCM? Honestly, I skip most of them as they became repetitive and I gather from you Garth and others offensive at times but as James said the same could be said of a few posters. My main focus is you’re blog and I’ll just keep scanning comments so…

Your blog. Your call Garth.

#66 Screwed Canadian Millenial on 01.26.18 at 7:28 pm

Lol Garth, all the boomers saying no are proving that they need to hear an alternative viewpoint even more. I thought this blog is supposed to be all about a diverse and multicultural mosaic of views, opinions and most importantly FACTS.

If only you had let me some of my top quality posts through this past week, I’m sure it would be a slam dunk YES.

Down Goes Brown was my favourite. You gotta admit you laughed Garth.
https://www.youtube.com/watch?v=WiPxTEG2Ax8&feature=youtu.be&t=19

Shut up, kid. We’re voting. – Garth

#67 Mike in Toronto on 01.26.18 at 7:28 pm

#19 Smartalox

Yep, life is too short to spend so much effort ignoring somebody who only has one thing to say, says it loudly and repeatedly.

No SCM…

#68 WIN not lose on 01.26.18 at 7:28 pm

No to SC!
They, it, may claim a contrite spirit, but self-discipline doesn’t seem to be their strong point.
Quote from Dr. Jordan Peterson

Meaning in life?
There’s chaos to confront,
order to establish and revivify, and evil to constrain.
Get the hell at it and quit whining!!
https://twitter.com/winw/status/956769502921764865

#69 Rents Skyrocketing on 01.26.18 at 7:31 pm

In southern Vancouver Island listings in January are 50% of what they were in December. There is no deluge of properties coming on the market for sale. Vacancy rates are zero and rents continue to rise.

Looks like 2018 is a write off as sellers are ‘striking’ and keeping houses of the market. This idea was laughed at before, but the whole ‘if they don’t get the price they want, they will take it off the market’ is coming to fruition it seems.

It sure looks like it will be another wasted year of waiting with no price declines for owners and rising rents for renters.

See, this 15 year bull run is going to take a very long time to unravel if at all – have fun waiting for the next half decade for prices to moderate to a point that renters can justify sidelining it for so many years…

#70 Lightning before thunder on 01.26.18 at 7:31 pm

#15 bubu on 01.26.18 at 6:24 pm

That’s because they are all watching the Vancouver and Toronto real estate porn.

There’s still the belief – even of many readers on this blog – that Vancouverites can afford $2M homes with over $300K income paying down their debt over 25 or more years. Even if you could, would you. I know guys with that income in their families that won’t touch real estate at the current price.

So once things topple, the rubber neckers looking left and right to Vancouver and Toronto will be caught with their pants down wondering why they didn’t sell when they should have.

I own. I don’t rent. I’m not a hater. But a realist.

#weforshe – vote Jacinda Ardern rules.

#71 kbean on 01.26.18 at 7:33 pm

No to SCM. Too many strikes.

#72 Raging Ranter on 01.26.18 at 7:33 pm

As for SCM, my vote is NO! It also attracts like minded types like James, crying about white male heterosexual biases and such. That $hit belongs on the Huff Post.

#73 Doug t on 01.26.18 at 7:33 pm

Yes to SCM – come on at least for the entertainment cause some of you are pretty dry

RATM

#74 Steve O on 01.26.18 at 7:34 pm

SCM – Yes. I was a bit disappointed when he was banned. I enjoy reading differing viewpoints, however I wish he would lay off the boomer-bashing though! He needs to be more respectful.. I thought his generation was supposed to be sensitive!?

#75 Oakville Sucks on 01.26.18 at 7:34 pm

It’s going to take a recession to bring prices down in the GTA for homes that are considered higher quality and well taken care of.

I just a listing in Richmond go for a price much higher than March 2018 prices in that area. It was on a quiet street, away from cell towers, bigger lot but the inside was the original 1960’s style. I couldn’t believe it went for $1.8 million!

#76 PGer on 01.26.18 at 7:37 pm

I’m not for censorship and welcome diverse views (unlike many of the sheeple on the left these days). So as long as he/she/it is respectful and not hateful, let SCM speak.

#77 Marquis de Sale on 01.26.18 at 7:37 pm

yes to scm. He get’s very bored up in Brampton these days…….

#78 LivinLarge on 01.26.18 at 7:38 pm

“How about ‘on probation’ – one post per day, for 90 days…then re-assess.
If, during probation period s/he re-offends, banned for the year.”…yea like Fearless Leader has nothing better to do with his time than count SCM’s posts.

Personally, I couldn’t care less about his post or the number of them. I’m a grown man and can ignore whom ever I wish…and do.

However, he/she pushes soooooo many of the grumpy ol’ men’s hog buttons and that’s when it does get tiring scrolling through all the name calling, chest beating and “my Johnson is bigger than your’s” comments.

So, for that reason alone, just stay with the current status quo.

#79 Still employed in AB on 01.26.18 at 7:38 pm

I’m going to SAY YES to SCM. My concern if that if he is not allowed to post here he will post elsewhere in an eco chamber with like minded individuals.

Hopefully one day he finds his bootstraps and can pull himself up.

#80 rknusa on 01.26.18 at 7:39 pm

so much for interest rates going up at any rate that will affect real estate market

https://www.bloomberg.com/news/articles/2018-01-26/canada-s-poloz-says-it-s-not-really-the-end-of-easy-money

Poloz says “It’s likely that money is going to remain easy for some time yet” because “economies are still working their way through a lot of underlying stresses.”

this bubble will stay inflated for a while in GTA GVR and other markets prices will march higher and higher

damn

#81 Smoking Man on 01.26.18 at 7:39 pm

Yes to SCM

#82 Frank Blood on 01.26.18 at 7:40 pm

Yes to SCM- enjoy the perspective.

#83 Screwed Canadian Millenial on 01.26.18 at 7:40 pm

Shut up, kid. We’re voting. – Garth

———-

Lol. Can we make it First Past the Post so I can win a majority with 36% yes? I think I’m there.

#84 ulsterman on 01.26.18 at 7:42 pm

YES! to SCM.

Censoring/banning people you don’t agree with is dangerous. Just take the 1/2 second of processing time and scroll past if he’s saying things that trigger you. Safe spaces are only a couple of screen inches away.

Nobody is ever deleted or banned because I dislike a comment. In this case it was obscenity. – Garth

#85 WillD on 01.26.18 at 7:42 pm

On another note,
Doctors in Ont. have been without a contract since 2014. Since then the Gov’t has unilaterally cut docs salaries 3 times. Some docs make a whack of dough for sure, but most earn a pretty underwhelming salary given the years/decade it takes to get licenced. Anyhow, Health care in Ontario is under serious stress. It’s tough to navigate the system. Be good to your doctor. And docs be good to your patient’s too. Best of luck to y’all.

#86 Leo Trollstoy on 01.26.18 at 7:42 pm

As Toronto’s tech boom continues, we need more office space. Evidence can’t be denied. Long live the tech sector!

http://business.financialpost.com/real-estate/property-post/torontos-booming-tech-scene-is-squeezing-office-space-and-theres-little-relief-in-sight

SCM? Meh. Sure. Whatever.

#87 LivinLarge on 01.26.18 at 7:45 pm

“I thought this blog is supposed to be all about a diverse and multicultural mosaic of views, opinions and most importantly FACTS.” …Jebus, where did you get that crazy idea????

This is Fearless Leader’s personal private paid for property. This is no egalitarian paradise even if you thought it was. You were rude and disrespectful to the man who holds all the keys here.

The likelihood that you will not repeat the rude and disrespectful antics is sooooo low and judging by your persistence to get back, it likely won’t take long.

If someone doesn’t want you in their space then just take “no” and go away.

#88 NV Landlord NO more on 01.26.18 at 7:45 pm

SCM – No

#89 Yes to SCM on 01.26.18 at 7:46 pm

Garth he’s a screwed millennial, give him a break…he might even chop off his man bun for you lol…

On another note, what’s with BCE and Enbridge stock lately? They totally suck along with most
Tsx biggies….

#90 tccontrarian on 01.26.18 at 7:47 pm

Regarding SCM ban –

I’m a firm believer of this:

“I disapprove of what you say, but I will defend to the death your right to say it.”
― S.G. Tallentyre, The Friends of Voltaire

So, regardless of how annoying s/he is, unless it gets totally out of control and/or exceeds all bounds of respect/decency, SCM can have a voice.
Like I said in my previous post, ONE post a day…for now.

TCC

#91 Toronto Tim on 01.26.18 at 7:49 pm

Garth,

You acknowledged what I’ve been preaching the past week. The in demand hoods in Toronto are on fire. No listings and bidding wars.

What is happening is the continuation of a strong trend – increasing societal inequality. The 1% are making a killing with big pay raises (many specialty areas are seeing incomes rise 10-15% annually), stock valuations escalating, Bitcoin profits, etc.

There are only 10k detached homes in Toronto in good school districts and near the subway. Rising incomes,lower employment, increased wealth means a lot more to spend.

And as I’ve shown, those in demand neighborhoods can be bought for 3-4x price to income ratios. Some of the lowest of mega cities.

The trend will continue…

#92 Todd on 01.26.18 at 7:49 pm

SCM – no

#93 Nonplused on 01.26.18 at 7:50 pm

GDP is such a useless number. It is another example of extrapolating mental constructs beyond their useful limits. I think the change in GDP can be useful because it can tell you whether the economy is growing or contracting, but the absolute number means nothing.

For example I’ve argued here before that including commissions in GDP is double counting because the value of the commissions is already included in the final sales price. But we could go into a lot more examples.

For example, the fast food industry. If I buy a McMeal for lunch, suddenly GDP goes up, whereas if I make my own lunch there is no GDP add. Either way I gotta work and I gotta eat. So is the service provided by McMeals really GDP additive or is the total GDP add already captured by my work and me buying lunch merely a reflection of how my money is being distributed?

Is a restaurant or any other service really a gross domestic product (GDP?) For example my before and after care provider provides me with a very valuable service, and she gets taxed, but is she actually producing anything besides my ability to work? But GDP as it is measured says my money I earn goes into GDP but then what I pay for the privileged of working goes in again.

Or how about my cleaning lady? She has to pay taxes too and so her income gets included in GDP but really what did she actually do but facilitate my ability to work instead of cleaning my own house? A cleaning lady, well perhaps I should say “cleaning person” or “home care professional” so as not to offend, is a convenience I and her other clients need to free up time for work. Sure it’s nice for me to have a nice clean house once every 2 weeks but let’s face it if I am not working she isn’t getting paid either so including her income in GDP is double counting again. My income was already included and anything she does is only a facilitation of my income, so I can work instead of cleaning my own mess.

What about movies and theme parks? Does a roller-coaster really contribute to GDP? Or is it really just another example of how actual production gets distributed?

Sure, you can go too far with this logic. A manufacturer who builds washing machines probably should be included in GDP because well you end up with a useful machine that saves me labor. So the value of the washing machine should go into GDP. But what about the time I spend loading and unloading it? That isn’t counted. But if I have to get something dry-cleaned that is. Even though if I wasn’t working I would almost never use a dry-cleaner.

There has also been talk in the past of including volunteer work in GDP. Just think about how many hours volunteer coaches put into minor sports every year! Sure, that adds to our mutual enjoyment of our time here on earth, but does it really add anything to our wealth and productive capacity? the same could be said of teachers of all sorts from K-University. Sure, they add value of incalculable proportions, but that value expresses itself in the future output of their students. So counting the output of the students and also counting the teacher’s salary is double counting again.

So once again, we see that GDP is a mental construct that has some usefulness within limitations. So when someone tells you Canada has a GDP of 1.5 trillion USD, remember that that number is a highly inflated double counted several times number. It doesn’t really mean anything. Only the change in GDP is useful, because it can indicate whether the economy is growing or contracting. When the people who produce real products are making more money, they spend more, and when they aren’t making money they spend less, and that trickles through the whole economy.

Adam Smith had it right all along. There are only 3 components to wealth: The land and the resources it produces, the labor to extract those resources, and the investment in improvements like machinery to make that extraction more efficient. Everything else is just distribution. So the absolute value of GDP is nothing but a human thought process again gone way beyond it’s useful limits. It’s like arguing over how many angles can dance on a pin head.

#94 Stone on 01.26.18 at 7:51 pm

How about this. SCM comes back and everyone else stops posting comments for 1 week. Lets see how that tastes.

I think that would be yucky. I predict the blog will auto-destruct.

#95 Exilled on 01.26.18 at 7:51 pm

Sir Garth:

SCM = NO

Reasonning: Her comments border on hate speech!

I suspect that she is a troll who gets paid to ” stir the pot ” and upset our most gracious host.

I do not believe that she is a millennial.

#96 KLNR on 01.26.18 at 7:52 pm

yes to SCM.

the group think on here needs an opposing viewpoint.

#97 Old Ron the Realtor on 01.26.18 at 7:52 pm

I didn’t say you are full of it. I was politely and reverently refining your argument. Just saying that real estate commish on its own isn’t 3% of GDP.

Of course real estate in the broadest sense has been propping up the province for a number of years, and it isn’t healthy. Last year 50% of Ontario’s economic growth was attributable to real estate.

I view 50,000 agents in the GTA as a screaming canary in the coal mine, and for 10s of thousands of these folk, real estate is just another gig between shifts at the cell phone kiosk in the mall. The post modern realtor.

For me, its late January and I am preparing my lines like old Santiago, it might be a pretty good year.

#98 Sean McGrath on 01.26.18 at 7:56 pm

Garth: How/why you put up with any of us obnoxious sob’s is beyond me. But in order to safeguard myself from any future misdemeanor, I had better vote YES to yet another chance for SCM.

#99 Y SCM on 01.26.18 at 7:56 pm

Let’s see what the rabble thinks. Y or N to SCM? – Garth
=======

Yes, of course.
You can delete smoking man for a week of more to balance things out.

#100 For those about to flop... on 01.26.18 at 7:57 pm

#46 The Great Gazoo on 01.26.18 at 6:58 pm

Yes to Flop donations, hey flop, can you give a bit more direction on how make a donation. I thought it would take me to a personal donation page, but no.

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

Hey Gazoo,if you click on that link ,in the top left hand corner it has a box “donate today”

I wish I had thought of this earlier but a recent development in my family and a suggestion by another poster brought it to light.

I have done thousands of posts trying to show stuff going on in Vancouver that you won’t read or see anywhere else.

I have a one year rolling contract with Garth to the value of one ice cream per thousand posts.

I love ice-cream and so I could be doing this for while.

It’s not up to me to tell people how much to donate ,but I originally thought if I could get 200 people to chuck in $20 bucks ,then whilst small ,we would have tried to make a difference and I have had hundreds of people thank me for my contributions and now Terry Fox can be the beneficiary of that appreciation…

M43BC

#101 Giver - AB on 01.26.18 at 7:57 pm

Yes to SCM. The more viewpoints the better.

No to limiting to 1 post/day unless we limit all to 1 per day ;-)

#102 wheresthemath on 01.26.18 at 8:02 pm

#82 – SCM

I was on the fence, but that made me chuckle. And I’m on my 3rd glass of vino. So you get a yes. Just moderate the boomer bashing. My folks are boomers and worked hard to get where they are. We may just have to work harder because guess what… life ain’t fair! Or keep moaning. Because that’ll get you far.

#103 akashic record on 01.26.18 at 8:03 pm

SCM – Yes, of course.

Censorship is cancer, no human being is licensed to censor the expression the thoughts of an other human being.

#104 Nemesis on 01.26.18 at 8:05 pm

#Yes

#105 Chico on 01.26.18 at 8:05 pm

Definitely one of the best pictures….ever!!!!!

#106 Ray Skunk on 01.26.18 at 8:06 pm

SCM limited to 5 comments per day.

I don’t want this place to be policed like the CBC, but I can’t stand the clutter either.

#107 Chico on 01.26.18 at 8:08 pm

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm

I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth

———————————————-

No. You’re a loud mouthed schmuck. I don’t read his posts though, so he can’t annoy me.

#108 john m on 01.26.18 at 8:09 pm

Yes to SCM..freedom of speech and i find him entertaining and interesting…if you don’t like his comments carry on to the next one..which i do with many not only his…a little maturity and curbing his foul language would be a plus or at the very least a frightening look into the future ha,ha

#109 Spock on 01.26.18 at 8:11 pm

SCM – No

It’s a great chance for SCM to learn that actions have consequences. After so many bans, there is no change. Calling CANADA all kinds of names, calling BOOMERS all kinds of names ….. the trend is pretty clear.

Instead of begging and pleading to be let back in AGAIN, better to reflect on what changes to make and move to the next waterhole.

Then again the Liberals win in Ontario and useless T2 is still well liked. So SCM stands a pretty good chance of not getting rusticated.

#110 ETFingGoodTime on 01.26.18 at 8:15 pm

SCM – god no!

#111 Discarded Canadian Millenial on 01.26.18 at 8:15 pm

YES to SCM wholeheartedly.

I honestly just skim through this godawful reactionary comments section every day for the sake of reading his delightful paeans to the proletariat.

Naturally, he will lose this referendum, as the readers of this pathetic blog are largely a self-selected bunch of idiotic small-holding peasants who wouldn’t dare question the capitalist religion, and who regard Garth as an infallible oracle. Nevertheless, it ought to be noted that there are some sceptical readers lurking in the shadows for whom he’s one of the few relatable voices.

#112 InvestorsFriend on 01.26.18 at 8:16 pm

Freedom of the Press

#102 akashic record on 01.26.18 at 8:03 pm
SCM – Yes, of course.

Censorship is cancer, no human being is licensed to censor the expression the thoughts of an other human being.

****************************************
Your language is too strong but I agree SCM should be allowed back on the basis of Freedom of The Press. Insults need to be allowed as long as we don’t cross into hate speech.

Joseph Howe, I believe, would vote yes.

Besides which, having someone to disagree with is vital to the vibrancy of this blog.

#113 Hugh Janus on 01.26.18 at 8:16 pm

Thats like racist keeping the screwed canadian millenial off a free blog right?

Besides millenial is racist too. Its supposed to be “snowflake” right?

#114 unbalanced on 01.26.18 at 8:17 pm

SCM-yes. Everyone one deserves a 2nd chance. Keep it clean and civil. No bashing and ranting! If this person cant behave, then exile on an ice flow with SM.

#115 3s on 01.26.18 at 8:18 pm

You’re missing the point. Pumping the system with printed money is now tested and accepted – nothing can happen, even the Chinese acknowledged that.

#116 Nonplused on 01.26.18 at 8:18 pm

Wow the SCM comment has gotten more responses than I think any previous Garth response.

I personally find SCM to be immature and uninformed, but then that’s probably exactly what most people think of my responses. So I say let him (or her) stay, if for no other reason than that it gives us insight into what is coming at us from the unhinged left, the SJW’s and Antifa. It’s best to know your enemy.

Society is worth saving. We can’t get by without it. It is better to understand the threats to society than to ignore them. So I vote SCM yes, the more the better actually. We need to understand what these people think and what they might do.

#117 SimplyPut7 on 01.26.18 at 8:22 pm

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm

I think SCM should be exiled for twice the length of time of all of the BANNED and DELETED Smoking Man got over the years.

Some patience is a virtue that SCM needs to learn.

#118 Dragonslayer on 01.26.18 at 8:22 pm

No to SCM.

#119 VanLoserRenter on 01.26.18 at 8:24 pm

Yes to SCM.

The defensive lashing out tells me that he has made some valid points.

#120 M-F on 01.26.18 at 8:25 pm

Y to SCM

#121 I do not usually post but on 01.26.18 at 8:25 pm

Yes to SCM with a condition. Probation. One post per day.

@all: SCM made some interesting points; althought some were written far too emotionally. Did you lose anything because of that? If anything, on occasion, you learned how some think, for free. Also, this blog, should not become an echo chamber.

@SCM: Delivery, matters. Words are your only tool. You have to use them to gain respect for your arguments (and youself), or become a laughing stock. Regardless of what happens in this blog, you choose how you want to be perceived in life.
Your call.

#122 Entrepreneur on 01.26.18 at 8:28 pm

2018 will be an interesting year as to where we will be heading. Hopefully it will correct so working families can afford a house/home.

Some bloggers on here would point out the bad points of the Wynne/Liberals in Ontario but at the end say that they would vote for them. What! Ontario has been known to vote Liberals, generational thing, but the bloggers reasoning is not there.

Most bloggers comment once, sometimes twice, unusual three times. SCM has commented three times already so I say put SCM on probation to comment once, twice, three times maybe but BAN after that. I scroll by SCM after the third time.

Another 3 to 6 months to see if this housing train falls off the track.

#123 never before commented on 01.26.18 at 8:30 pm

No to scm

#124 OnlyTheBankersLaugh on 01.26.18 at 8:30 pm

If SCM is going to follow the rules of your blog and be more respectful of your time and forum, I think SCM can post on probation. You have already shown extensive patience.

#125 InvestorsFriend on 01.26.18 at 8:32 pm

Nonplused about GDP

Number 92 makes some good points about GDP.

Here is my take on it from several years ago:

Firstly, what is the meaning of GDP?

GDP or Gross Domestic Product refers to the total dollar value of RECORDED economic activities within a country. The GDP of a particular industry is (roughly) the value of its sales minus the costs of goods or services purchased from other entities. The GDP is a particular industry is not a measure of its profit since it does not deduct the cost of labour from the value of sales. GDP is often criticized because it does not include the value of unpaid work or of unreported economic activities such as the “underground economy”. Nevertheless, GDP is the best AVAILABLE figure for use in understanding the economy and the relative importance of each industry to the economy.

#126 TalkingPie on 01.26.18 at 8:33 pm

#5 Screwed Canadian Millenial on 01.26.18 at 6:15 pm

I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth

—————————————————————–

Haven’t we seen this movie before? SCM gets banned for being a repetitive blowhard thriving on identity politics (Boomers vs Millennials) and attacking people. He says he’ll never do it again, and then gets right back to it because that’s what he’s about. This blog is better without every other post being a repetitive, combative plea for attention by him.

And, with all due respect, if you say you’re banning someone permanently, especially after giving them multiple temporary bannings beforehand, it might be appropriate to stick to your word. Much like with raising kids, if you go back on your threat, I can promise it’s not going to increase SCM’s respect for you.

#127 Long-Time Lurker on 01.26.18 at 8:34 pm

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm
I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth

>Whatever you can tolerate, Garth. I just scroll past SCM anyway.
>SCM needs attention. Winners just give ‘er.
>SCM if you put your argument into a single paragraph I may read it.
>I can’t believe I spent that much brainpower on SCM.

#92 Nonplused on 01.26.18 at 7:50 pm
GDP is such a useless number. It is another example of extrapolating mental constructs beyond their useful limits. I think the change in GDP can be useful because it can tell you whether the economy is growing or contracting, but the absolute number means nothing.

>That was interesting.

#128 earthboundmisfit on 01.26.18 at 8:35 pm

No opinion …. ’cause I’ve been scrolling past her/him forever. You can lose SM too. Waste of carbon, oxygen and digital space.

#129 Dual Citizen In Canada on 01.26.18 at 8:40 pm

SCM deservers due process. Garth is the only one with the evidence. All the rest are spewing allegations.
SCM – Y

#130 mike on 01.26.18 at 8:42 pm

long time reader never posted. don’t make me continue to scroll past SCM – No

#131 Two-thirds on 01.26.18 at 8:42 pm

Garth,

I have a hunch your original vision for the comments section was to be centred around the topic du jour, debating pros and cons, and challenging each other’s views with facts, arguments, and reflections, in a respectful manner.

Today is a textbook example of how the blog as of late gets hijacked by what used to be deemed trolling, and divisive, derisive, not-subject-to-change thinking, with a heap of self-importance, to boot.

The topic today is how unbelievable it is that RE commissions have reached such a GDP milestone, and the likely implications to our economy, with factual information given about markets. Dialogue would be enriched by discussing and debating this topic, asking questions and sharing experiences.

Instead, consider how the comments section will be flooded tonight with unrelated, some divisive, many derisive, and a few scantly-respectful comments, which will feed the ego of the 0.1%, for the detriment of the rest (and by posting this, I do so too).

I recall stats on this site where less that 1% of readers comment, so the silent majority is right now hoping for a decision from you that will enable us to focus on the important messages you kindly put out, day in and day out.

This blog’s faithful readers will cope with the latest onslaught (scrolling past is an under-rated skill) no matter your decision. It sadly feels though as if your choice is between saintly tolerance or resigning to let your dishes be sprinkled by a guest’s own spices, daily.

Trolls and agitators come and go, but (fingers crossed), this pathetic blog will outlast them/us all!

#132 Sean of the debt on 01.26.18 at 8:42 pm

Let’s see what the rabble thinks. Y or N to SCM? – Garth

Divide and conquer it’s the conservative way.

#133 Calgary dude on 01.26.18 at 8:46 pm

Scm yes

#134 SueP on 01.26.18 at 8:48 pm

Voting yes but on probation!

#135 Mark on 01.26.18 at 8:52 pm

Oh, never realized a referendum on SCM was on… I certainly agreed with a lot of what he had to say, in that, we can’t expect to have a dynamic economy if the economy is based not on what sort of production or productive capacity an individual or a corporation brings to the table, but rather, just on their historic returns.

Its sort of like the RE pumpers. They believe that because RE has been a great asset to own in the past, with outperformance correlated to that of the bond bubble, that such outperformance *must*, for the betterment of society, last forever.

For this reason, yeah, my ‘vote’ is to let SCM come back, and hopefully the dialogue from SCM and others with respect to the issues raised is respectful and not too overwhelmingly concentrated on the same theme (which is why I think SCM’s welcome was somewhat worn out previously!).

#136 buster baxter on 01.26.18 at 8:52 pm

I can understand an old codger like me being on this blog nightly. I mean it is either read “The Greater Fool”, pluck my ear and nose hair, or sit around in my underwear watching “Live PD”. But I thought the younger generation– of which SCM is a member–led more swashbuckling lives. Do yourself a favour kid, move on from this blog–get a life. Go out and enjoy yourself and have some fun before it is too late. Before you know it you will be an old codger too; you don’t want any regrets. Ban yourself for your own good!

#137 FOUR FINGERS WATSON on 01.26.18 at 8:55 pm

Way off topic now……..it has become all about SCM. He must be grinning like a Cheshire cat. What a waste. What about Garth’s original post ?

#138 i'm jus sayin' on 01.26.18 at 8:58 pm

Here’s an appropriate destination for SCM-

THE REAL BUZZ

https://twitter.com/therealbuzz

#139 Willy on 01.26.18 at 9:01 pm

Savouring every blog post of late.

Like fine wine paired with a handful of lightly entertaining SCM posts.

We all have a front row seats as Canada’s bloated RE bubble hisses hot air, surrendering to a long-standing economic tenet – asset reversion to the mean!

Does it get better than this folks?

https://www.forbes.com/2009/10/01/reversion-to-the-intelligent-investing-mean.html#a9fc065697a2

#140 Yanis Varoufakis on 01.26.18 at 9:05 pm

Yes to SCM – not his fault it’s hard for boomers to accept the truth. And he’s funny…
No to Smoking Pile

#141 Yorkville Renter on 01.26.18 at 9:07 pm

Opinions are like assholes… everyone has one.

SCM knows the price of everything and the value of nothing.

Experience is the greatest teacher, but people like SCM have always known everything, is always right, and wants everyone to know it – SUPER annoying and never constructive.

I’m not for or against… do what you want

#142 WUL on 01.26.18 at 9:08 pm

Y

#143 InvestorsFriend on 01.26.18 at 9:08 pm

GDP…

Non-plused made the point that GDP excludes unpaid labour.

Part of the massive increase in GDP in the last 100 years or so is not real growth. Instead, part of the growth came as vast amounts of unpaid labour involving especially child care, cooking, cleaning washing, mending etc. moved from unpaid and unrecorded to paid and recorded. Lots of other examples too. Even the fact that people walked to get places which was sort of unpaid “work” became part of recorded economic activity as they now drive. Even a lot of entertainment used to be at home with no money changing hands and now a lot of entertainment has moved to the world of paid transactions.

Overall there has been a vast “financialization” of the economy. With far less unpaid unrecorded activity today’s GDP overstates the growth compared to 100 years ago, 50 years ago and to a lesser extent 20 years ago.

Nevertheless GDP remains the best available measure of economic activity.

#144 Margaret Nelson on 01.26.18 at 9:08 pm

No to SCM.

#145 Sue on 01.26.18 at 9:09 pm

Re SCM.
Please No
Comments better without

#146 Yorkville Renter on 01.26.18 at 9:10 pm

#135 ___ Yes! +1 but I only just entered my 40s, does that make me an old codger?

#147 A Believer on 01.26.18 at 9:11 pm

No to SCM. He/she adds nothing to this blog of interest.

This blog is for the intelligent sharing of intelligent opinions about real estate.

#148 Bob on 01.26.18 at 9:12 pm

SCM…yes…free speech…right?

#149 Willy on 01.26.18 at 9:14 pm

In Lord of the Rings Frodo regrets Bilbo (his uncle) had not killed “that vile creature (Gollum), when he had a chance!”

Frodo adds, “He deserves death.”

Gandalf replies, “Deserves it! I daresay he does. Many that live deserve death. And some that die deserve life. Can you give it to them? Then do not be too eager to deal out death in judgment. For even the very wise cannot see all ends. I have not much hope that Gollum can be cured before he dies, but there is a chance of it.”

SCM – Y

#150 Bob on 01.26.18 at 9:15 pm

Getting back to real estate…any good tips about moving to Nova Scotia? Currently live in GTHA and wish to leave.

Annapolis Valley or South Shore?

The best town in the nation. Lunenburg. – Garth

#151 Wrk.dover on 01.26.18 at 9:18 pm

My vote proxy to Garth. He is the sensible unbiased adult here.

#152 conan on 01.26.18 at 9:18 pm

SCM = yes

I like how SCM goes after SM, and vice versa.
I need popcorn

#153 Willy on 01.26.18 at 9:19 pm

SCM – You got my YES vote but please respect the Garth and “behave”!

https://www.youtube.com/watch?v=F1lJFlB-89Q

#154 Fiendish Thingy on 01.26.18 at 9:20 pm

Conditional yes to SCM – probation, 1 post per day.

Garth I thought you said listings for detached were way up in GTA?

#155 james on 01.26.18 at 9:21 pm

Interesting comments tonight on SCM, Garth. Your data analytics should tell you SCM is good for readership. Mine do.

Others, notably $116 SimplyPut7, have agreed with me on a key point:

*It would be astonishing hypocrisy on your part, and seriously undermine your credibility, to not ban Emasculated Smoking Turd (whom you have deleted over 200 times in barely the last two years or so – and yes, I am still counting! Never banned him.) if you ban SCM.

How on earth could one reconcile those two things, SCM banned, yet that other, onanistic idiot allowed to remain, without you coming under closer examination yourself.

The crap that you do allow that other guy to post here is awful, always borderline hate speech at best, and loopy, unoriginal crap. At least SCM’s rants touch on some non-conspiratorial intergenerational and inter-class realities that really need to be discussed.

Banning SCM is kinda like Trump firing Mueller, dontcha think?

I trust you know this, Garth. You’re smart ;) And you know how good SCM is for readership, even if some of the readers need to take a low dose aspirin when they read SCM. That’s why the poll tonight.

Final thought – all things considered, you actually owe SCM an apology, Garth.

Take a deep breath, and do it.

#156 Gravy Train on 01.26.18 at 9:23 pm

#92 Nonplused on 01.26.18 at 7:50 pm
“GDP is such a useless number….”

So now you’re a national-income accountant. Before you go pontificating on subjects you know nothing about, read up on them!

“GDP can be determined in three ways, all of which should, in principle, give the same result. They are the production (or output or value added) approach, the income approach, or the expenditure approach.”
https://www.bea.gov/national/pdf/nipa_primer.pdf
https://en.m.wikipedia.org/wiki/Measures_of_national_income_and_output
https://en.m.wikipedia.org/wiki/National_accounts
https://en.m.wikipedia.org/wiki/Gross_domestic_product
https://en.m.wikipedia.org/wiki/Gross_national_product
https://en.m.wikipedia.org/wiki/National_Income_and_Product_Accounts

#157 The real Kip on 01.26.18 at 9:23 pm

SCM = Yes

Censorship is never the answer.

#158 mathman on 01.26.18 at 9:23 pm

RE#90 Toronto Tim

– you really dig your heels in. What you are saying is that the most exclusive neighbourhoods in a city the size of Toronto are still in demand and that is proof of what?

What about the other 99% of people that are so stretched they have to go to money mart to buy groceries. For the vast, vast majority of Torontonians, real wages have been stagnant for a long time, unless you work for the city and or the Toronto Police.

What is your point exactly?

Math

#159 ImGonnaBeSick on 01.26.18 at 9:24 pm

Amazingly enough, the troll has completely hijacked this blog again today. When you threaten to take a child’s toy away for being a brat, you need to follow through. Otherwise you get the Millenial Generation… He can spew his drivel on the comments section of the star or huff post. This blog is not an echo chamber for hard right or hard left thinkers.. we get his point of view, just moat of us have been through that phase of our lives.
The ones that like him can follow him so they can all argue over who is the most socially liberal and downtrodden by Western culture while never bothering to take responsibility for their own lives. We already know his point of view, we just don’t care.

#160 Catmandeux on 01.26.18 at 9:25 pm

No to SCM.

02 akashic record
Getting banned from a blog is not censorship. SCM is free to start their own blog to spew forth.

#161 The Limited Sage on 01.26.18 at 9:26 pm

I’m a millennial.

No to SCM.

#162 Dan.t on 01.26.18 at 9:29 pm

All by design- recession in 2019-2020 and then forget about housing for the next 20 years…. or maybe not—who the frig cares. It’s only debt buy now and then buy a pre-sale or two. Money flowing out of one asset and slowly…very slowly into…. whatever… no one cares. Just buy Canada real estate- everyone wants to live in Winnipeg and Alberta, and surrey. Do what CBC and Global tells you to do.

#163 SW on 01.26.18 at 9:31 pm

The herd in steerage sounds ugly.
My opinion is to let the screwed young person back, fwiw. I mean, it’s been ages (all of a couple of days) and clearly she/he needs an outlet.
I even agree with some of it; we need to have more compassion for the young, they will have difficult lives…just like us.

#164 steerage steward on 01.26.18 at 9:31 pm

Well dressed ok corse.

Shock his hand and said, I’ll see you in the fucture.

Yeah if there is one.

https://m.youtube.com/watch?v=9wLjYlEZa_A

#165 Arctic Outback on 01.26.18 at 9:31 pm

Yes to SCM (free speach and different views are welcomed) but with a cap of 5 posts/day.

——
#84 WillD on 01.26.18 at 7:42 pm
On another note,
Doctors in Ont. have been without a contract since 2014. Since then the Gov’t has unilaterally cut docs salaries 3 times. Some docs make a whack of dough for sure, but most earn a pretty underwhelming salary given the years/decade it takes to get licenced. Anyhow, Health care in Ontario is under serious stress. It’s tough to navigate the system. Be good to your doctor. And docs be good to your patient’s too. Best of luck to y’all.
—–

Great points indeed.
Ontario’s health system is overcapacity and can only be viewed as good if you never get sick

#166 Terrie Rolph on 01.26.18 at 9:32 pm

I agree with Mr. Two Thirds. It would be really nice if the people who make comments could keep them on topic. Evidence based, thoughtful insights: that would make the comments worth reading and thinking about. Mostly, they are just silly and reactive.

#167 Just say no on 01.26.18 at 9:33 pm

No to SCM

#168 Old Man Too on 01.26.18 at 9:33 pm

Re: SCM
I went on vacation thru eastern Europe last fall. It was interesting to see how the former socialist countries are struggling to adapt to democracy. The gov’t used to provide them jobs and apts. And everyone was paid the same. Now they have to find their own job and pay for their own apt. And some of them are wishing they didn’t have to work so hard. SCM would have fit right in. He doesn’t fit in here.

#169 Nick B on 01.26.18 at 9:34 pm

No to SCM. Garth needs to implement a junk filter!

We will see how low inventory plays out in Vancouver. I’m hoping the stress test will lower prices in my current town of Canmore but it’s unlikely. Even the 2008 financial crisis did cause any sort of price decline here. I’m sitting on dry powder waiting and will start talking to realtors soon in order to get a feel for the market. We moved here in June of 2017 from a much lower priced market (Windsor, ON). If a real housing correction occurs, then a recession is likely which may tip the tide in my favour. I’ve got my popcorn ready, let the show begin.

#170 joblo on 01.26.18 at 9:37 pm

SCM 4eva

#171 Diversified in Oakville on 01.26.18 at 9:38 pm

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm

I think I’ve paid my debt to this blog by now Garth.

To both SCM and Smoking Man>Get lost to you both.

#172 Red Deer Rob (now in Windsor) on 01.26.18 at 9:38 pm

SCM – Yes

But you sound like the know-it-all kid who I want to stuff in a locker

#173 Canadian Moose on 01.26.18 at 9:39 pm

SCM-no, it pisses me off. Ruins this blog and wrecks the balance in the forest.

#174 ShawnG in TO on 01.26.18 at 9:41 pm

SCM – not yet. a few more deletes needed

#175 SWL1976 on 01.26.18 at 9:42 pm

I say no SCM, but if they are to come back – short leash

I found the problem with SCM is they were, are not into rational debate. They just come here to spew and not discuss any counter points

Verbal diarrhea

Very very childish. Perhaps that’s all they know

#176 Chico on 01.26.18 at 9:44 pm

#136 FOUR FINGERS WATSON on 01.26.18 at 8:55 pm

Way off topic now……..it has become all about SCM. He must be grinning like a Cheshire cat. What a waste. What about Garth’s original post ?

————————————————-

People stop and stare when there’s a train wreck, car accident, etc. I for one find the poll rather interesting, seeing he’s a train wreck and all.

The best post I’ve read tonight on the subject of “screwed whiner” is…

#135 buster baxter on 01.26.18 at 8:52 pm

I can understand an old codger like me being on this blog nightly. I mean it is either read “The Greater Fool”, pluck my ear and nose hair, or sit around in my underwear watching “Live PD”. But I thought the younger generation– of which SCM is a member–led more swashbuckling lives. Do yourself a favour kid, move on from this blog–get a life. Go out and enjoy yourself and have some fun before it is too late. Before you know it you will be an old codger too; you don’t want any regrets. Ban yourself for your own good!

He’s saying…for your own good kid, get off this blog and get a life! What a waste of time.

#177 Not Screwed Millennial on 01.26.18 at 9:46 pm

Nope. Let’s keep SCM off this blog.

#178 Vancouverless on 01.26.18 at 9:48 pm

Yes to SCM.

Why? Because he seems to trigger some of the rather alt-right angry people on here.

It’s like watching the drunks picking fights on Granville Street after last call.

#179 Herm on 01.26.18 at 9:48 pm

Only recently have I been back to the comment section, and SCM was one of the few posters whom I’ve enjoyed reading. God knows you’ve enough sycophants singing from your song sheet Garth… why not include those who challenge your conservative view of the world.

#180 Dobermanduke on 01.26.18 at 9:52 pm

This is a private blog, so freedom of speech does not apply. Garth makes the rules and if you don’t like it take a hike. How many chances does 1 person deserve! How many warnings was SCM given and he thumbed his nose at all of them.
Having said that I will say strict probation but a leopard doesn’t change his spots so I think he is dead man walking.

#181 Jacko on 01.26.18 at 9:53 pm

No to SCM.

#182 Yuus bin Haad on 01.26.18 at 9:57 pm

Phew – made it to the bottom …

Sorry, what was the question?

#183 VicPaul on 01.26.18 at 9:58 pm

I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth

——–
Short. Leash.

M54BC

#184 Nonplused on 01.26.18 at 10:00 pm

#124 InvestorsFriend

I don’t disagree with you, I’m just trying to point out that all these measures have their limits of usefulness.

Let’s take Garth’s ice-cream store as an example. People love ice-cream, so it is some sort of value add. But if people didn’t have any disposable income they wouldn’t go. This makes ice-cream stores really hard to evaluate in GDP.

“Disposable” income should not be included in GDP, because it is “disposed” of. It’s like throwing out the trash.

But yes you are right, it’s the best measure we currently use, which is why I hold that the year over year change is useful, even though I think the absolute number might as well be a lottery jackpot.

#185 MF on 01.26.18 at 10:00 pm

Forget SCM. He/she is just a master troll that reduces the discourse on this blog to schoolyard level, complete with lame insults and all.

But the real question is who is this imposter? lol

“M-F on 01.26.18 at 8:25 pm
Y to SCM”

MF

#186 FNAiks on 01.26.18 at 10:02 pm

To forgive is divine. Yes.

#187 YVRMC on 01.26.18 at 10:02 pm

The price of reinstatement for SCM ?? How old are you ? What gender are you? What do you do for a living if anything ? Otherwise bite me ….

#188 Blessed_Canadian_Millennial on 01.26.18 at 10:03 pm

Screwed Canadian Millenial on 01.26.18 at 6:15 pm
I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth

——-

I vehemently disagree with most of what she posts, but I believe in free speech.

If she is not saying anything racist/sexist, there is no reason for you, Mr. T., to ban her.

Let her stay. She amuses me.

#189 VicPaul on 01.26.18 at 10:09 pm

#68 Rents Skyrocketing on 01.26.18 at 7:31 pm
In southern Vancouver Island listings in January are 50% of what they were in December. There is no deluge of properties coming on the market for sale. Vacancy rates are zero and rents continue to rise.

Looks like 2018 is a write off as sellers are ‘striking’ and keeping houses of the market. This idea was laughed at before, but the whole ‘if they don’t get the price they want, they will take it off the market’ is coming to fruition it seems.
———
Could it be that many who are at a “move up” point in life are so pickled in debt that, even with large gains in the last ten years, they can’t afford to buy something new? This was said by a couple of colleagues over the past few years. Let the ” freeze up” begin.

M54BC

#190 Blessed_Canadian_Millennial on 01.26.18 at 10:12 pm

Screwed Canadian Millenial on 01.26.18 at 7:40 pm
Shut up, kid. We’re voting. – Garth

———-

Lol. Can we make it First Past the Post so I can win a majority with 36% yes? I think I’m there.

—–

Hahaha… now that’s funny!

#191 Bob on 01.26.18 at 10:12 pm

The best town in the nation. Lunenburg. – Garth
________________________________________________________
Ok…South Shore it is. Thanks.

Let the planning begin….

#192 VicPaul on 01.26.18 at 10:16 pm

#140 WUL on 01.26.18 at 9:08 pm
Y

Not your usual eloquent comment style but, good to see you back. How’s the lawyering business in Fort Mac?

M54BC

#193 Blessed_Canadian_Millennial on 01.26.18 at 10:17 pm

#115 Nonplused on 01.26.18 at 8:18 pm
Wow the SCM comment has gotten more responses than I think any previous Garth response.

I personally find SCM to be immature and uninformed, but then that’s probably exactly what most people think of my responses. So I say let him (or her) stay, if for no other reason than that it gives us insight into what is coming at us from the unhinged left, the SJW’s and Antifa. It’s best to know your enemy.

Society is worth saving. We can’t get by without it. It is better to understand the threats to society than to ignore them. So I vote SCM yes, the more the better actually. We need to understand what these people think and what they might do.

——

Wholeheartedly agree. I enjoy your posts, NP, even though I don’t post as much.

Keep ’em coming.

#194 Aruki on 01.26.18 at 10:17 pm

re: SCM: I enjoy “different” opinions, especially when they disagree with mine. This is only the second time I have posted on this site, but I make a point of reading it religiously. Thank you, Garth. My previous post was your yay/nay poll on Mr. Trump for president. I voted yay. Well, I held my nose and voted yay. Given that, I have to vote Y for SCM! It’s entertaining, at least.

#195 stage1dave on 01.26.18 at 10:19 pm

SCM – Y

I’m OK with viewpoints divergent from my own, and could care less what he thinks of boomers…I’m one, btw, and could still care less.

As I’ve mentioned before, the “tone” of this blog is pretty tame compared to some of the other boards I’ve been involved with over the years, and (mostly) consists of reasonable points of view…some of which I disagree with. So what?

As far as staying on topic, I’m as guilty as many for straying off-leash…haha…mostly because I view economic freedom as a principal component of individual freedom. Housing affordability is a prime component of this idea, as is “democratic” governance (real or imagined) so I’m not surprised the topic of things gets a little varied now and then in the comments section.

#196 Chico on 01.26.18 at 10:21 pm

#186 YVRMC on 01.26.18 at 10:02 pm

The price of reinstatement for SCM ?? How old are you ? What gender are you? What do you do for a living if anything ? Otherwise bite me ….

—————————————-

OK…now that’s funny :)

#197 OttawaMike on 01.26.18 at 10:25 pm

Y

#198 ben on 01.26.18 at 10:26 pm

Automated reporting of airbnb rentiers!

https://www.theglobeandmail.com/real-estate/vancouver/vancouver-vigilantes-take-housing-matters-into-their-own-hands/article37716250/

Love it. And he’s following up on what they do about it.

#199 Bob Loblaw on 01.26.18 at 10:27 pm

SCM – yes

Only because I don’t dig censorship, but I’ll likely keep scrolling past him

#200 Chaddywack on 01.26.18 at 10:28 pm

Realtors have starting calling customers now in Vancouver….a sure sign of market decline.

One called my parents the other day really rudely…

Realtor: “Hi is this [address]”

Dad: “Yes”

Realtor: “Are you interested in selling your house?”

Dad: “Oh, no we’re not interested”

Realtor: *click*

#201 SoggyShorts on 01.26.18 at 10:29 pm

My tally so far (up to #188)
49 Yes
47 No
14 Yes with limited posts per day
(might be off by a couple, so a recount is for sure needed as I may have counted a couple twice)

Personally I’m abstaining. As much as I’m annoyed by SCM’s delivery, the comment section means a lot more to her than it does to me.

For those of you comparing Smoking man to SCM, it’s not the same. If you install a filter to remove smoking man, it’s like he never even posted, but if you ignore SCM, it’s like listening to half of a conversation.

To SCM: I like that you back up your position with links to articles that agree with you, but you need to understand that if you google “Farts smell like lemons” you will find articles stating that farts smell like lemons(because mine do, obviously)

#202 SoggyShorts on 01.26.18 at 10:31 pm

whoops #198 I meant.
Clearly you can’t trust my numbers….

#203 Reality is stark on 01.26.18 at 10:31 pm

Spoke to a divorce lawyer friend of mine recently. He has noticed business picking up as the housing market begins to correct. This ain’t no party, this ain’t no disco this ain’t no fooling around.
You only see who is in a real relationship when the party ends. Most GTA couples are plastic.

#204 Arctic Outback on 01.26.18 at 10:31 pm

Current healthcare climate in Ontario:

http://healthydebate.ca/opinions/family-medicine-ontario -cuts

#205 Lesser Ape on 01.26.18 at 10:35 pm

SCM: Yes.

I find it telling that Garth’s criterion for banning him/her is profanity, while posters’ criterion largely seems to be, “s/he has a point of view that is different than mine, so I don’t want to hear it.”

It makes me think of the way Facebook has evolved into polarized self-reinforcing echo-chambers where contrary views are squelched. Regardless of how this shakes out, kudos to Garth for even being willing to consider not squelching.

#206 Fred on 01.26.18 at 10:37 pm

What’s the point of continually banning him then letting him back in?

Don’t understand that

One thing is for sure – he’s addicted to this place. Got a hunch a lonely person .

#207 Former Fool on 01.26.18 at 10:37 pm

#35 Former Fool on 01.26.18 at 6:43 pm

Garth, I’d like to elaborate on my “no” vote. My main reason for wanting SCM off this blog is that he/she is not interested in a mutually respectful conversation on topics of finance, economics, and society overall. Topics you frequently touch on when you post.

How often does SCM step back to ponder others’ views? Does he/she have time to do that when posting 10x a day in your comments section?

Anyway, this is your blog, your rules. Not really sure why you’re putting it to a vote. If you want SCM back, un-ban. If you want SCM gone, keep it permanent.

But I personally do not believe SCM adds value to your blog.

As usual Garth, keep on posting. I appreciate the free education.

#208 Hell NO on 01.26.18 at 10:40 pm

SCM – No

This getting old. No longer entertaining.

#209 Jorge on 01.26.18 at 10:42 pm

Hi Garth, any friends that can share info about Montreal? Anecdotally, there are overpriced cruddy single detached homes that are languishing, but well-priced (which in todays’s market could be $500k minimum for a two story or split-level) renovated homes can still sell quickly.

#210 InvestorsFriend on 01.26.18 at 10:49 pm

Please Move to Cape Breton Nova Scotia

#149 Bob on 01.26.18 at 9:15 pm
Getting back to real estate…any good tips about moving to Nova Scotia? Currently live in GTHA and wish to leave.

Annapolis Valley or South Shore?

The best town in the nation. Lunenburg. – Garth

*****************************************
I can’t particularly disagree about Lunenburg.

But I am obligated to suggest instead Cape Breton.

You can get a perfectly livable house for under $100k. I won’t try to list the various features.

They could use the extra people. But let’s face it, it won’t happen. I just read a book called Triumph of the City and it chronicles how cities just keep attracting a bigger and bigger percentage of the population. Rural areas gonna keep declining.

#211 Mrs. Fool on 01.26.18 at 10:57 pm

SCM posts are annoying most of the time but I’m all for second chances, so yay for s/he. I also support the idea of a probation time and no more than one post per day, so s/he must choose his words carefully.
I also have learnt from other blog dogs so it’s very useful when the comments are focused on the topic.

F34QC

#212 Brew on 01.26.18 at 10:58 pm

To be honest I read or at least glance at most of SCM’s posts. Also Smoking Mans. I skim over most others looking for key words or rebuttals from Garth. For me SCM’s posts are a bit of respite from the same old same old posts from most of the old farts on here.

I was disappointed that he stepped over the line and was banned.

Yes for reinstatement.

#213 Lost...but not leased on 01.26.18 at 10:59 pm

Re: Banishment…ie SCM

IMHO, if the posts cross certain lines..the HOST makes the call, especially in the HarveyGate era.

Other than that….people can simply scroll past and ignore.

#214 Smoking Man on 01.26.18 at 11:03 pm

#154 james on 01.26.18 at 9:21 pm
Interesting comments tonight on SCM, Garth. Your data analytics should tell you SCM is good for readership. Mine do.

Others, notably $116 SimplyPut7, have agreed with me on a key point:

*It would be astonishing hypocrisy on your part, and seriously undermine your credibility, to not ban Emasculated Smoking Turd (whom you have deleted over 200 times in barely the last two years or so – and yes, I am still counting! Never banned him.) if you ban SCM.

How on earth could one reconcile those two things, SCM banned, yet that other, onanistic idiot allowed to remain, without you coming under closer examination yourself.

The crap that you do allow that other guy to post here is awful, always borderline hate speech at best, and loopy, unoriginal crap. At least SCM’s rants touch on some non-conspiratorial intergenerational and inter-class realities that really need to be discussed.

Banning SCM is kinda like Trump firing Mueller, dontcha think?

I trust you know this, Garth. You’re smart ;) And you know how good SCM is for readership, even if some of the readers need to take a low dose aspirin when they read SCM. That’s why the poll tonight.

Final thought – all things considered, you actually owe SCM an apology, Garth.

Take a deep breath, and do it.
…….

You never post anything of value. Same old smoking man sucks. You talk about hate. Its quite obvious you hate with a passion a character I created with my two thumbs.

Just admit it toots Smoking Man is a great writer. Look at all the passion I bring out in you. Jesus your counting my deleted posts.

Get a life.

#215 Looney Baloney on 01.26.18 at 11:06 pm

SCM – Hard No

#216 Lost...but not leased on 01.26.18 at 11:07 pm

FYI:

A while back, one of the “regulars” here somehow hacked this site and sent me a threatening e-mail…

#217 akashic record on 01.26.18 at 11:08 pm

#159 Catmandeux on 01.26.18 at 9:25 pm

No to SCM.

02 akashic record
Getting banned from a blog is not censorship.

What is it?

#218 Balmuto on 01.26.18 at 11:09 pm

SCM – Yes, but less.

#219 Monte Brewster on 01.26.18 at 11:13 pm

I like Muzzled SCM. We see all the posts and get the pleasure of knowing the wasted effort and frustration of no audience.

Keep shunning.

#220 45north on 01.26.18 at 11:13 pm

Mr. Deep: New listings are dead… so dead in fact that the inventory from December to January – which typically is one of the largest nominal percentage increases – will maybe even be down. This has never happened. So what does it mean that listings are dead. Does this mean the market is about to stop?

the light dawns slowly, industry insiders see it first

it will take six months of data to confirm that rising rates, falling credit and insanely incompetent politicians have taken their toll. But by then, it may be too late.

the die is cast. The banking system will be preserved. A 3% decline in economic activity is low – there will be fewer movers and plumbers hired, less paint and curtains bought.

so where’s Justin Trudeau – Mr. Gender Equality? Bill Morneau saw this a year ago but didn’t tell him – what’s he going to say “you have to prepare yourself and your country for the biggest political, economic challenge since the Second World War”? Come the end of June, people are going to see they are materially worse-off.

#221 batt519 on 01.26.18 at 11:16 pm

I noticed that $ilver has become a not so dirty word around here anymore.
Apparently it takes about 2.5M oz to produce a GW of solar energy. Who knew, right?

My ‘suicide portfolio’ has performed as expected.
1 gold explorer bust(pretty much) 1 gold producer bought out. The cobalt one was sold too early, but for a nice gain.
Down to two $ilver producers and an explorer plus one fine Canadian M gold oz miner. Dabbled in some mj issues but I prefer reading resource reports-zinc rocks! I watch hvu quite a bit.

It’s pretty clear that that was the blow off top in RE last year. This next year is going to bend many minds.
My favourite story to tell is of the former lady friend’s response when I asked what she’d do if her house ever fell to 1982 values. Her reply was that was impossible as her house wasn’t built then.

I’ve got to get back to The Knick.

-Batt

ps YES.

#222 Smoking Man on 01.26.18 at 11:19 pm

#154 james on 01.26.18 at 9:21 pm

On my second pass of James post. Passively aggresavly sort of threatening Garth. You POS

You contribute nothing but vial hatred toward my two thumbs. Then demanding Garth make an apology to the little brat.

If anyone deserves to be band it’s you. But if you asked me to vote I’d still say keep James.

You know why? Your insanity and willingness to share it amuses the shit out me.

Keep posting those confused estrogen emotional rants.

I know your not here to learn about renko charts. Or a balanced portfolio.

#223 Different voices on 01.26.18 at 11:21 pm

SCM: YES.

If you never want to hear opposing views, you will be poorer for it.

Surely the comment section doesn’t have to be incestuous.

Alternative views and debates will increase knowledge.

#224 Pete on 01.26.18 at 11:23 pm

I think you’ll lose more readers with a yes to scm, but the comic relief may be worth a yes vote…yes, yes

#225 Education on 01.26.18 at 11:27 pm

Also, the Boomer generation has some educating to do.

Gen-X and Millennials have some disturbing ideas about democracy:

https://twitter.com/AmandaLang/status/956253441222832128

So let SCM back in, and exchange ideas.

#226 Guillaume on 01.26.18 at 11:32 pm

SCM-No

Thanks,

#227 Steve on 01.26.18 at 11:36 pm

No to SCM

#228 morrey on 01.26.18 at 11:37 pm

“Banning SCM is kinda like Trump firing Mueller, dontcha think?”

This level of discourse is worrisome. And also very disturbing.

#229 Concerned Reader on 01.26.18 at 11:38 pm

I take great joy in reading the comments and am sad that most major news publications no longer allow them. SCM should be able to say whatever s/he wants. While discourse should be civil I would rather hear everyone’s opinions, no matter how deplorable, rather than have someone pick and choose what is “appropriate.” We should all be able to think critically about what others say.

#230 Cloudy on 01.26.18 at 11:42 pm

I’m apathetic. Staunch supporter of free speech, but also individual liberty. Garth’s personal blog he can do as he sees fit. I don’t mind watching a whiny self-diagnosed victim get the punt. I’m also a big boy with thick enough skin to ignore the mosquitoes buzzing around.

I am happy to see WUL is still reading. I enjoy his posts and find them very witty and down to earth for a [washed up] lawyer (but tonight’s was a little dry).

#231 Bashful renter on 01.26.18 at 11:43 pm

SCM – No.

Scm doesn’t contribute to a balanced discussion. She arrives with her hard left prejudices and offers a predictable response, multiple times per day. Through frequency of posts, not substance SCM has somehow become a topic around here. in cliche millennial fashion she places her own repetitive side show over proper posting etiquette. It’s egoic, self serving and puts self above the greater good of this blog. Kind of ironic for a socialist.

#232 TheSpangler on 01.26.18 at 11:51 pm

Yes to SCM – but put’em on probation 1-2 posts a day max.

#233 Nonplused on 01.26.18 at 11:53 pm

#155 Gravy Train

I didn’t say the the GDP calculation was totally useless, only that I don’t believe the absolute number is very useful. Read my post again. The year to year change I believe has some value. All of the links you cited are just more examples of people believing their own bullshit.

In the end of the day measuring GDP is much less accurate than say measuring the temperature. But what is that? It’s how high the mercury rises up a tube. We made the scratches on the tube and we decided how to measure them. We have to stop thinking of these measures we make as absolute in any way. They are all relative comparisons.

#234 10gitra on 01.26.18 at 11:59 pm

Y to SCM. He adds a unique flavour to the board :-).

#235 Canuck Fan on 01.27.18 at 12:00 am

Multi-year lurker here.

No to SCM.

He/she has burned through way too many strikes. Good bye!

#236 Teacha on 01.27.18 at 12:08 am

Yes to SCM!

#237 SJF in 312 on 01.27.18 at 12:11 am

SCM = no

#238 For those about to flop... on 01.27.18 at 12:22 am

Recent Sale Report.

Don’t mind me,just gonna keep on reporting if you don’t mind.

This house in the Dunbar corridor just went.

3530 w 33rd ave,Vancouver.

Originally asking 3.19 then 2.99 then 2.79

Just sold for 2.79

Tax assessment 3.39

And so another one that went more than 20% less than assessed.

High stakes poker at the moment.

I see your assessment and I raise your taxes…

M43BC

https://www.zolo.ca/vancouver-real-estate/3530-w-33rd-avenue

Feel free to make a donation.

Flop For Fox Fund…

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

#239 waiting on the westcoast on 01.27.18 at 12:27 am

#3 Canadian One on 01.26.18 at 6:05 pm sure “How has the world been importing and exporting?
https://atlas.media.mit.edu/en/rankings/country/eci/
… very useful tool.”

Great site. Scary how Canada has significantly declined in capability over the past 5 years. We are obviously losing our knowledge chops!

#240 Ronaldo on 01.27.18 at 12:30 am

SCM’s disdain for Boomers is probably a result of his/her getting his/her butt kicked out of the basement by his/her/ Boomer parents and he/her hits back at them through this blog. Let him/her post on the condition that he/her makes up with his/her parents unless they have completely banned him/her from speaking to them.

#241 waiting on the westcoast on 01.27.18 at 12:30 am

Oh… And about SCM…

Yes, but keep him/her banned for a random number of days just to mess with his/her head!

Aren’t we supposed to use Zie for gender neutral writing? ;-)

#242 NorthOf49 on 01.27.18 at 12:35 am

Yes to SCM. If we have to be tortured incessantly by SmokingClown’s reactionary & anti-education diatribe, then to balance it out with a lefty flower-child isn’t necessarily a bad thing.

#243 n1tro on 01.27.18 at 12:36 am

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm
I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth
——————-
Can you make an argument without blaming it on boomers, conservatives, or elites? If so, Yes.

But if it’s always going to be the same old points then a big No.

#244 John on 01.27.18 at 12:37 am

No to SCM. SCM (“It”) was already apparently banned twice before but Garth let It back in. I thought this time Garth meant that It was banned for good so I’m disappointed that Garth is considering letting It back on. Of course, it’s Garth’s blog so he can do as he chooses.

The problem I have with It is that It has no interest in having a good faith conversation. It just spews Its talking points and does so very disrespectfully. It is not going to change any minds with that style, making me believe that It is just a troll hoping to get people riled up. Pretty pathetic for It to waste so much of its life being a troll but I guess this explains Its interminable whining and complaining. Yawn.

If It is allowed back on, I’ll just scroll past Its posts. The problem is that so many people respond to It that it ruins the comments section.

#245 Russ on 01.27.18 at 12:51 am

Dear Mr. Turner

I respectfully request you continue or reestablish the SCM ban.

Kindest regards, Russ

#246 domain on 01.27.18 at 12:52 am

So, fewer listings in average houses because move-up buyers can’t qualify for the move up? If that it the case then it implies that for every potential seller who chooses not to list, there exists a reciprocal property going without their bid.

I can see this setup really hurting those looking to exit the market at the higher end, either due to liquidation of assets for retirement, or those who stretched to maximize their speculation.

This will be quite the avalanche when the sellers realize and take action on competing with reduced prices.

I now see many friends and colleagues acknowledging that they are under water with their properties, and the next phase approaching quickly will be capitulation.

#247 Koni Jr on 01.27.18 at 12:55 am

SCM – Yes

#248 n1tro on 01.27.18 at 1:05 am

Garth,

If you let “but I’m really a boy” back in, please don’t censor the posts. These freedom of speech, “a different perspective” is a good thing crowd needs to see the ugly truth before they can wake up. The same people who despise Trump for the crap he says are all open arms for this one.

#249 T on 01.27.18 at 1:08 am

SCM – No, she is unable to have an intelligent debate, she has an agenda.

She doesn’t just do it here. I found SCM’s user name on the CBC website, ‘Samhhain Cat’. She is just as bad there as she is on this blog and there are CBC users who know her schtick and are sick of reading it there as well.

I created a CBC website account a few days ago just to call her out on being SCM. Within an hour all my posts on the same CBC article were flagged including a few generic comments agreeing with other posters.

She is very immature, has an agenda, and has way too much time on her hands. If you let her back on she will just continue her tirade.

Kick her to the curb for good. Teach her a lesson she won’t soon forget.

#250 Newcomer on 01.27.18 at 1:18 am

#89 tccontrarian on 01.26.18 at 7:47 pm

Like I said in my previous post, ONE post a day…
——–

Nice.

#251 Patricia on 01.27.18 at 1:25 am

“I see no hope for the future of our people if they are dependent on
frivolous youth of today, for certainly all youth are reckless beyond
words… When I was young, we were taught to be discreet and
respectful of elders, but the present youth are exceedingly wise
[disrespectful] and impatient of restraint” (Hesiod, 8th century BC).

“The world is passing through troublous times. The young people of
today think of nothing but themselves. They have no reverence for
parents or old age. They are impatient of all restraint. They talk as
if they knew everything, and what passes for wisdom with us is
foolishness with them. As for the girls, they are forward, immodest
and unladylike in speech, behavior and dress.”
by Peter the Hermit in A.D. 1274

The more things change the more they remain the same. The kid (SCM) is interesting……we were all young once.

#252 Smoking Man on 01.27.18 at 1:29 am

What people don’t do enough of.

Get liqueurd up, find a dark spot to look at the moon and the stars. Figuring out that the reason humans never went back to the moon. Aliens, reptilians actully.

Humans to consumed with try to please and fit into a tribe they think will win the day. SURVIVAL INSTINCT

I’m so tempted to spend my 26 million to build a rocket ship, load it up with a bunch of lesbitrons to take care of these heathens.

DR Smoking Man
PhD Herdonomics

#253 Mark on 01.27.18 at 1:33 am

“As Toronto’s tech boom continues, we need more office space. Evidence can’t be denied. Long live the tech sector!”

1000 square feet (in that article), good grief, most downtown condos have more space than that individually. Just because there’s a shortage of what could be described as open-ceiling “hipster” space does not mean there’s a sustainable tech boom in Toronto.

Quite the opposite, the tech companies are so minimally funded and weak that not only are they not able to pay competitive salaries (even admitted in the article), but they reject real estate of the high quality that banks typically use.

That reeks of a few “Johnny come latelys” trying to concoct largely nonsensical “tech startups” on shoestring budgets trying to sell them before the bubble once again implodes.

#254 Widening Gyre on 01.27.18 at 1:33 am

SCM- YES

I think the millennials have been screwed. They have been given bread and circuses – and it’s all a bit hollow.

Let em scream.

Why silence them?

F47BC

#255 Smoking Man on 01.27.18 at 1:35 am

Walk toward the fire. Don’t worry about what they call you. All those things are said against you because they want you to stop in your tracks. If you keep going you are sending a message to people who are rooting for you, who are agreeing with you. The msg is they can do it too.
……..
Now God has a right hand man. Who said that.

#256 YVR Renter on 01.27.18 at 1:42 am

SCM No. too much garbage.

#257 T on 01.27.18 at 2:06 am

I very much wanted to hear input from everyone regarding today’s post. It’s a good post, has valid data, and deserves open debate. There are many intelligent minds here, even SM when he’s on it – which has been more often than not lately.

After reading over 150 comments I’m done today. It’s an SCM day. Yes, I’m at fault too. I commented immediately after seeing the request for input on it. Even if I had an interesting observation it’s just not worth stroking her ego.

If SCM is allowed back and continues to hijack the comments section, I am afraid we all lose. Sad it’s come to this. There was a lot of value in the comments before SCM hijacked them.

#258 Stan Brooks on 01.27.18 at 2:08 am

#25 Penny Henny on 01.26.18 at 6:35 pm

Let it go Stan.
Obviously you have found nirvana.
The stress just makes you bitter.
From all of us here I give you permission to stop worrying about those you have left behind.
Good luck and Bon Voyage.

————————————

Nice try.
Psychology 101. It works on most canadians.
Let it go, suck it up and move on, don’t bother, don’t rock the boat…

I don’t think so. We have still free speech in this place. No?

No need to look for nirvana if we can fix the hell we live in.

#259 Stan Brooks on 01.27.18 at 2:10 am

#25 Penny Henny on 01.26.18 at 6:35 pm

Let it go Stan.
Obviously you have found nirvana.
The stress just makes you bitter.
From all of us here I give you permission to stop worrying about those you have left behind.
Good luck and Bon Voyage.

———————-

And try to avoid speaking on behalf of everyone.
back to you.

#260 Lead Paint on 01.27.18 at 2:11 am

SCM is a troll. Trolls ruin comment sections. I’ve tried to engage him/her in rational debate, but they always ignore rational debate, and try to trigger reactions from the gullible readers here who don’t realize that getting angry at a troll brings them pleasure. They seek attention and it’s the cheapest and easiest way to get it. So they are also lazy.

They can get a new email and handle and provide their ‘different ‘ point of view with respect if they wish, but that’s not what they want.

I’m tired of their spiteful angry attention seeking.

Good riddance.

#261 fishman on 01.27.18 at 2:12 am

Remember when you were a kid watching wrestling with the old man, Gene Kiniski, Whipper Billy watson, Yukon Eric. Gene Kiniski was the heel up against the Baby Faces.
I mean you couldn’t tell your friends gramma was crawling across the living room floor screaming at the b&w TV for the ref to turn around.
This blog is like that wrestling. SCM is trying to get SM’s crown as the champion heel. He’s on the make so has to deliver kidney punches while the referee is looking: not while the referee’s looking away like Gene Kiniski used to do.
If this blog becomes boring its finished. You need a hero, you need a villain, just like wrasslin needs a heel & a Baby Face.

#262 Grassshopper on 01.27.18 at 2:13 am

SCM – N, will be back to the old ways, in no time flat, once reinstated.

#263 Midnights on 01.27.18 at 2:33 am

‘Everyone is on guard’ Crime in Alberta

https://www.theglobeandmail.com/news/alberta/police-and-politicians-in-alberta-cope-with-epidemic-of-ruralcrime/article37757132/

#264 Kartosh on 01.27.18 at 2:34 am

Y to SCM

#265 Fake News Again on 01.27.18 at 3:03 am

SCM – yes

but of course the rabble will vote no – most of them are entitled govt workers who do not like to listen to the plight of the plebs.

#266 jane24 on 01.27.18 at 3:06 am

SCM yes as we live in democracy and freedom of expression is what our grandfathers fought for.

But one post per day and must be on topic. Plus this kid has to learn the difference between commenting and trolling. I do not want to read his insults to me and my boomer parents. It has such an insensitive hide that I don’t think it even knows when it is being insulting. Poor parenting for sure. My kids of the same likely age are respectful of others.

RE commission and moving costs are now so onerous, why would you do it? Why pay someone a year of your own salary for two days work of their own. Current RE costs make no sense at all. Plus when values are going up you feel better about $50 grand commission that you will when values are going down. Going up it seems like a cost of business, going down it is theft of your own money.

Sold a house here in England this summer. RE commission was the usual 1.5% and the lawyer charged $ 900 for doing the deal. These are RE costs in the wider world but as always Canadians pay far far more for everything but don’t realise it as they seldom leave Canada to check it out.

#267 Dave on 01.27.18 at 3:37 am

SCM – no

#268 Boots on the Ground in Ptown on 01.27.18 at 3:45 am

Agree #125 and 140.

Basically, #shortleashscm so Y = SCM

HOWEVER:

I’m technically also a semi -millenial at 34 and cringe over the disrespect from SCM. Embarrassing. Victimisation is the end result of unhealthy thought patterns. Practice some mindfulness. (Start with: “Is this thought useful?” if you’ve got some issues going on upstairs.) Work through it productively. You may find you don’t need Garth’s blog as a personal outlet. Ever tried journaling? Highly recommend it. Turn your anger into joy, this is possible. Redirect your emotions and you don’t end up in the left field of Victimisationville.

However, neither do I think censorship is the answer. We need all kinds and viewpoints. As long as its not narcissistic, disrespectful soapboxing or bashing. I tend to be along similar flavors to many here, generally speaking conservative values (but not identifying with any party per se) and believing in freedom, and I cringe when I feel cognitive dissonance within myself. Hence a news source a day keeps the bias away as well as protecting freedom of speech, especially when the opinion differs from our own. We can all do well to take a few steps away from our comfort zones.

Fairly certain all of us have our wits about us enough to “use some self control and scroll” if the mood happens to be that way. Personally its about 50/50 that I click on a SCM link because I do have a tendency to pull “devil’s advocate” quite a lot in life as well and I like to see opposing sides of things.

#269 Sydneysider on 01.27.18 at 3:51 am

Yes to SCM. Doesn’t anybody on this blog have kids?

#270 Laura on 01.27.18 at 4:40 am

Yes to SCM

#271 TnT on 01.27.18 at 5:31 am

Never thought I would see the day where Blog Dawgs here needed a “safe space”

We all have a right to offend!

SCM = Yes

#272 Bai Yingli on 01.27.18 at 5:33 am

N for No and N for Narcissist. Obviously an insatiable need for attention and your readers are emotional food.

Democracy doesn’t enter into it – blogs are free to create, so let him earn his own audience, you’ve worked hard for yours Mr. T. Back to reasoned disagreements and information.

No more Snivelling Contemptuous Muculent.

#273 TnT on 01.27.18 at 5:34 am

Never thought I would see the day when Blog dawgs here need a “safe space”

We all have a right to offend!

SCM = Yes!

#274 Buttercups on 01.27.18 at 6:18 am

Free speech is one thing. How about showing some respect?
My vote is yes, but limited posts, probation, and an apology! Garth alone knows what obscene material SCM was banned for. But what then followed? Childish behaviour. Waaaay too many interruptions. I admit to becoming annoyed wirh your continuous bashing of boomers, just for fun and to get attention for yourself. Waste of time and energy, you’ll see…bringing a negative influence rather than your true POV.
This is an important, mostly serious knowledgeable blog with real discussion that is about helping other people learn real life financial lessons that can actually have a positive impact on families’ REAL futures. Be part of the solution, and guess what?…it will make you feel better about yourself. As you obviously crave external validation. Or is it that you’re just a court jester, which many of your supporters seem to enjoy. Sad if you don’t get that you are just their little side show.

And now…Time to get on with the main event!

I truly do fear for a Young, newly minted environmental engineer whose morher’s Xmas letter announced, with pride, is now in the GTA condo market, with one being her residence and a second being a rental. Just the type of situation that Garth has been profiling. I envision the BofMom type of down payment as her GenX parents sold their SFD in Mississauga and downsized to a downtown TO condo in 2016. Dad works for one of the Big5 so probably got outrageously low mortgage rate too.
I wonder how the coming crap fest will affect her. This is a very smart young woman, with two smart parents. Just goes to show how we Boomer/Gen Xer’s have been brainwashed about RE being the path to financial freedom. What a shame. We need to teach the financial truth in high school. Why don’t we? hmmm…..

#275 Gravy Train on 01.27.18 at 6:25 am

#154 james on 01.26.18 at 9:21 pm
“… yet that other onanistic idiot….”

Yours is the best description of Smoking Man so far! :)

#276 Wiggleroom on 01.27.18 at 6:35 am

SCM = Y
Smoking Man = N

Of the two, I find SM far more offensive and trollish. At least SCM has some good points and a fresh POV. Not sure what SM is about, other than being anti-PC and getting drunk. Both post here too often, which can’t be good for their mental health.

#277 Madcat on 01.27.18 at 7:13 am

SCM – Y… For the same reason one cannot stop watching a train wreck… Don’t want to stare but can’t look away…

#278 A123 on 01.27.18 at 7:18 am

No to SCM. She/ he always rants about the same thing.
———————
Buyers in 416 complain there’s nothing to view, especially in traditional demand areas. The market seems to be seizing up – lousy sales, reduced inventory, no pre-spring buzz – and the stress test is getting the blame.
———————-
Went on a home visit to an 83 yr old in the GTA.
She states she cannot afford a small item that would help her as she is aging. She wants goverment to pay for it.
But she lives in a paid for detached house worth $$$.
She is holding out.. don’t know what for. Living on a govt pension only.
She won’t live forever, alone in ths big house.
I think there are lots of people in this situation. Paid off homes because they bought it cheap. But young people cannot afford.
Something has got to give.

———-
In the 90s houses did drop slowly.
We bought in a peak. But houses were still affordable.
So we have no debt, because prices were still reasonable
and we were able to pay off our debt.

But we cannot compare it today.
Houses are not affordable. A new purchaser will not be able to pay off debt. Sooner or later boomers will have to move out of these detached homes into condos or nursing homes. There may be a glut of homes for sale.

I predict that homes will not drop slowly as in the 90s but much more quickly. Reason is affordability.
In the 90s homes were affordable.
People still could carry the home, even if they bought at a peak. This is not the case now. Any change in the economy, down falls “Jack and Jill.”
———-
As to real estate fees of 4-6%.
Why do people not question the fact that their fees are based on a percent?
As houses doubled, their $ take home doubled for the same amount of work or even less work.Whose salary doubles like that?
That is why we have so many Realters. This has been a cash cow for them.
Fees should be a set rate or perhaps a sliding scale and not a percentage.

#279 No on 01.27.18 at 7:38 am

For the love of God/Garth/(enter your Diety here), No to SCM

#280 Habbit on 01.27.18 at 7:51 am

Hi all. Garth my vote is yes regarding SCM

#281 LivinLarge on 01.27.18 at 8:04 am

Domain: “I can see this setup really hurting those looking to exit the market at the higher end, either due to liquidation of assets for retirement, or those who stretched to maximize their speculation.”… yes indeedy!

It has been commented here a few times that B20 will have a disproportionate impact at the entry level and top level of the market. It will certainly have an enormous impact on the entry level and IMO that is precisely its desired intent. That is a rather patrician attitude from the feds but that too is in some ways playing to the base for Liberals, who by nature, are patrician, “we’re going to take care of you but you have to pay for it with greater taxes”. That IS the real meaning of the “Just Society”.

#282 Burning Man on 01.27.18 at 8:19 am

Re-erect Garth Turner

garth only exposes the truth!
hereto king in queen’s park
his ha-jab is his facial hair
wymmin hide theirs
wonder why
SCM no

#283 Chico on 01.27.18 at 8:23 am

#275 Wiggleroom on 01.27.18 at 6:35 am

SCM = Y
Smoking Man = N

Of the two, I find SM far more offensive and trollish. At least SCM has some good points and a fresh POV. Not sure what SM is about, other than being anti-PC and getting drunk. Both post here too often, which can’t be good for their mental health.

—————————————

Clearly, their own mental health hardly concerns them.

#284 Wrk.dover on 01.27.18 at 8:34 am

BOB: I migrated to NS at 26, 38 years ago, so I know the drill. Store most of your stuff and rent for a short term. Then find where to rent for a longer term. When you do assimilate into an area, you will have all kinds of opportunities to house sit or rent for the price of keeping the house heated. One year, all eight houses that I can see from mine sat empty. Two of them have now been empty for decades. You will also better understand the exact location within the community that you prefer to settle. Some people find what they think is great, ten miles down a side road and they then commit to round trip every time they start the car. Painful to not be more strategic in your pin the tail on the donkey game. When you do buy, be prepared to eventually sell for less, even after a decade or more. Remember, NS is 500 miles long and the weather varies wildly. Cape Breton is at the harsh end of the weather stick. And v cliquey to say the least.

#285 Gravy Train on 01.27.18 at 8:40 am

#232 Nonplused on 01.26.18 at 11:53 pm
“I didn’t say the the GDP calculation was totally useless…. All of the links you cited are just more examples of people believing their own [expletive].”

The first link was to the economic concepts, framework, and measures to derive GDP provided by the Bureau of Economic Analysis of the U.S. Department of Commerce.

Are you suggesting it’s all nonsense or Trumpian “fake news”? If so, do you also reject financial and economic data provided by government statisticians and economists? If so, how are you able to make any financial or economic decisions in your life without such data? Do you make such decisions based on intuition, instinct and gut feeling? (You are simply astounding!)

#286 Prince Polo on 01.27.18 at 8:46 am

A thousand times NO to SCM (and this coming from a non-screwed millennial renting in GTA)! Please Garth – no mercy for this troll.

#287 Ardy on 01.27.18 at 8:50 am

SCM – NO

Although a number of “Yes” voters, only a handful “like” his point of view. Most are voting out of sympathy, “SCM is bored so let him play”; morals, “we don’t believe in censorship”; conditional, “SCM has learned the lesson”, “as long as SCM does not repeat much of the same”; etc., etc.

If the reason was severe enough to be banned in the first place, it must remain severe enough to remain banned.

#288 Screwed Canadian Millenial on 01.27.18 at 9:06 am

STILL BANNED.

#289 No on 01.27.18 at 9:09 am

Hell no!
Total waste of space.

#290 Elcheapo on 01.27.18 at 9:11 am

Geez two posts in two weeks…. What’s become of me? SCM- yes. If Smoking Man stays, SCM stays. They balance each other nicely.

I will also note there seems to be a lot of sensitive right wing muffins on this site. Greater Fool is not some Breitbart safe-space. Suck it up, snowflakes.

#291 Darryl on 01.27.18 at 9:12 am

SCM-NFW

#292 Classical Liberal Millennial on 01.27.18 at 9:15 am

I’m not usually in favour of banning but SCM rarely adds to the conversation. She thinks everyone that doesn’t hold her views are Boomers and “conservatives”. She doesn’t often bring any data or facts to the table. Maybe a week long ban would work and then see if they want to have actual conversation with people.

#293 corinvest on 01.27.18 at 9:15 am

SCM=N

#294 Trumpocalypse2018 on 01.27.18 at 9:19 am

No to SCM.

We just cannot afford more distractions in these end-times.

As my brother n1tro pointed out here two days ago, the Doomsday Clock is now 2 minutes to midnight.

Don’t bother reading comments from disgruntled millenials.

PREPARE.

Note: Rexall has a good sale on adult diapers this week. You will need many of these after the first nuclear strike. (Hugh Janus, you better double up)

#295 Grey Dog on 01.27.18 at 9:29 am

SCM= NO thank you
You wrote it above Garth, “Abusive, obscene or disrespectful commenters will not be published.” SCM lacks civility all around.

#296 harrison bergeron on 01.27.18 at 9:39 am

It would appear that we’ve reached what Kurt Vonnegut Jr. so eloquently assembled when he penned Harrison Bergeron. I’m glad I’m able to look my children in the eye and confess I had no part in it.

#297 ImGonnaBeSick on 01.27.18 at 9:40 am

How do you expect teachers, in Ontario the highest paid in the world next to Germany, with a governments that cater to them, and a rock solid pension, to teach financial prudence? They have absolutely no need to learn it themselves or follow through. The best thing you can do as a parent is to teach yourself and follow through as example to your children. Blaming the school system for your downfalls is just victimism… which of course is the easiest solution for people -give up, blame someone else. A certain troll is a perfect mascot for this mentality.

Teach yourself, then lead by example to your kids. My daughters love to look at their portfolios to see if they are up or down today. They’re six and three. When my oldest gets pizza money for school, the little scamp only buys 1 slice and puts the other toonie in her piggie bank.

Teach them how to save, and how to spend… But teach yourself first. It’s only as hard as you want to make it. If you can manage a bank account, you can manage a life.

#298 LivinLarge on 01.27.18 at 9:47 am

“She thinks everyone that doesn’t hold her views are Boomers and “conservatives”.”…well, yea. On a sliding scale from rightist to leftist, anyone to the right of a center leftist IS conservative. That’s just not being wishy washy.

#299 LivinLarge on 01.27.18 at 9:51 am

Gravy, “Are you suggesting it’s all nonsense or Trumpian “fake news”? If so, do you also reject financial and economic data provided by government statisticians and economists?”… You’re spitting into the wind with this. He has his own web investment advisory service and uses “greaterfool” to drive traffic there.

#300 Macduff on 01.27.18 at 9:51 am

An interesting dichotomy between US and Canada:

Trump cuts taxes, immediately putting money back in the hands of small and large business, which immediately declares bonuses and raises to employees and reinvestment in their businesses. Win-win
Wynne and Trudeau demonize small business through tax and minimum wage changes, putting many small businesses at risk. Zero sum game
Who has it right? No doubt the US.

#301 Darryl on 01.27.18 at 9:58 am

Getting near post 300 and I have to ask , does anyone remember the content in Garth’s Friday posting ???

This is what always happens when SCM gets involved . It becomes the SCM blog with featured guest Garth Turner as moderator .

And for all those saying that everyone should get a second chance you need to remember how many times she has been banned already .

#302 James on 01.27.18 at 9:58 am

Without high turn overs of consumption the industry will become stagnate. Less exchanges = less fees= less money.

#303 senta on 01.27.18 at 10:04 am

The Cdn RE market will be really poached when Trump pulls the plug on NAFTA in the next few months. Looking at 20 – 40% price declines in the GTA over the next 2 year. Rivers of blood. RE agents /lawyers/mortgage brokers will take to driving uber’s and home delivering pot enmasse. Raising cash right now to take advantage. It will be like 1990 all over again. Long term Canada will be fine.

#304 Suburban coyote and pup on 01.27.18 at 10:09 am

Yes to SCM…a bit whiny at times but also some good points and ability to string a sentence together. I think you have a soft spot for this non binary squawker Garth!

Onf52

#305 Wiggleroom on 01.27.18 at 10:11 am

Plot twist: Smoking Man and SCM are the same person, with a time machine, posting from different stages of his own life.

This explains everything! The young, passionate idealist gets his ideals worn down over time, only decades later to become the hedonistic, nonsensical, raving lunatic capitalist. Stranger things have happened.

#306 Grey Dog on 01.27.18 at 10:12 am

Garth, recently I have been reading your blog, without the comments. SCM often hijacks the comment section, and the comments were no longer enlightening as often everyone was responding to outrageous SCM troll.

I used to enjoy the comments presented on your site. I would learn from or amused by them, but the day this SCM made an appearance, I stopped reading comments responding to your blog altogether. I tried scrolling by SCM as I do SM, as he too is in his own alcohol induced world.

Because SCM comments are so vicious, with comments responding to SCM vitriol, it has taken my enjoyment of your entire site. Why are you indulging a this SCM? SCM is destroying your blog’s comments section.

#307 dharma bum on 01.27.18 at 10:19 am

I’m in Utah right now, watching the local news before heading into the mountains, and there is a feature story about how their RE market is “out of control” with house prices “expected to rise by 10%” this year. In fact, “some houses are going for 8 grand over asking”!
OooooooooooWeeeeeeeeee!!
LDS country has hit the BIG TIME!

#308 ANON in KL on 01.27.18 at 10:24 am

I have agreed and disagreed with SCM at different times. Yes the boomer bashing can be a bit much but i see quite a bit more millennial bashing going on here unabated than anything else. Whether that is a result of the demographics that read this blog or not, i havent a clue and nor do i care. A lot of the millennial bashing seems to be regurgitated crap you see on social media and in the MSM. The MSM is geared towards eyeballs, ratings, and polarized viewpoints. Not the true day-to-day lives of the ordinary. Viewing societal issues as Libs vs Cons or Boomers vs Millennials is going to solve nothing. And if you think otherwise, well, nothing is going to change for the better.
SCM – Y
SM – Y
M31ON

#309 Cottingham a bargain on 01.27.18 at 10:25 am

Garth , you were mentioned specifically on CP24 hot property this past week and boy did they rip you a new one !!

You need a turn on CP24 to swing back at al Sinclair vince Guitano and the rest of the cabal !!

#310 Wiggleroom on 01.27.18 at 10:40 am

Garth – can you please delete all the sexist idiots who keep referring to SCM as “she” as if this were an insult? Thank you!

#311 Catmandeux on 01.27.18 at 10:49 am

#216 akashic record

**************
“Getting banned from a blog is not censorship.

What is it?”
********************

Getting kicked off a privately supported blog is no way prevents a person from starting their own blog to espouse their ideas, or from speaking at any other public space.

We are all guests on this blog, courtesy of Garth.

Garth choosing to ban SCM from commenting, is no different in kind than you choosing not to invite someone into you home who routinely is abrasive, insulting, or offensive to your other guests.

#312 Albertaguy in AZ on 01.27.18 at 10:50 am

Garth, re SCM you cant change the spots on a leopard.

YES on probation: more than 2 posts per day or on first DELETE please BAN permanently with no further replies.

Thanks ABGuy in AZ

#313 Ronaldo on 01.27.18 at 10:54 am

#260 fishman on 01.27.18 at 2:12 am

And let’s not forget, Gentleman Jim Hady, Sweet Daddy Siki, Haystack Calhoun, Bulldog Brower, and so many others. My mother just loved Gentleman Jim.

#314 Asterix1 on 01.27.18 at 10:55 am

SCM= NO

I also see around +20% declines in GTA (more in suburbs) in 2018.

Its a pretty simple analysis at the end of day.

DEBT+RATES+FAMILY BUDGET MAXED OUT+B20+ STAGNANT WAGES+ FALLING PRICES = REALITY

#315 Bytor the Snow Dog on 01.27.18 at 10:57 am

Yes to SCM. What I find funny is that so may so called adults just can’t abide someone who has a different opinion. The internet isn’t your safe space snowflakes.

I remember a couple of years ago something similar to this going on with Mark. My response then was that there’s a handy little device on your mouse called a “scroll wheel”. Use it.

#316 Enough Already! on 01.27.18 at 10:58 am

How did this comment section turn into a popularity contest? I come here to learn from someone who actually has something interesting, and knowledgeable, to say, ie: Garth & Co. I hate having to scroll through dozens of stupid, yammering posts from idiots like SCM & Smoking Turd. Ban them both and the blog quality will increase ten fold!

#317 Ronaldo on 01.27.18 at 11:02 am

An ego swelling experience for SCM right now. Just think about how powerful it feels at this moment knowing that the whole Greater Fool blog’s attention is being directed towards it. It must be getting quite a laugh out of this. I am.

#318 MF on 01.27.18 at 11:14 am

“#253 Widening Gyre on 01.27.18 at 1:33 am
SCM- YES

I think the millennials have been screwed. They have been given bread and circuses – and it’s all a bit hollow.

Let em scream.

Why silence them?

F47BC”

-This ridiculous post is the problem^

Sorry but SCM does not represent we milennials at all. How about the vast majority of us quietly working 6-7 days a week, trying to navigate the current world, and not complaining?

The constant posting, the finger pointing, the name calling, the Canada bashing, the thinly veiled racism….is all embarrassing. Not to mention all the boomers that take the bait and bash all of us. It’s honestly shameful how pathetic they look.

None of it has any place on the blog.

MF

#319 conan on 01.27.18 at 11:20 am

“I will also note there seems to be a lot of sensitive right wing muffins on this site.”- Elcheapo

I love it!

#320 Doug in London on 01.27.18 at 11:28 am

So there’s a shortage of listings you say? That’s good news if you want to sell that house in The GTA or Vancouver and cash in that winning lottery ticket before it expires. Don’t wait! Get your ass down to the OLGC or BC Lottery Corporation and cash in that winning lottery ticket RIGHT NOW. Well, what are you waiting for?

#321 LivinLarge on 01.27.18 at 11:28 am

ImGonnaBeSick: this “It’s only as hard as you want to make it. If you can manage a bank account, you can manage a life.”…is a wonderful synopsis. If my daughter wasn’t already a grown adult then I’d be sitting her down today and quoting you.

#322 Doug t on 01.27.18 at 11:37 am

#315 enough already

Lighten up

RATM

#323 Man of the Cloth on 01.27.18 at 11:43 am

Hopefully, I’m still in time to vote.
Can you mark me down as “undecided “.

#324 Doug t on 01.27.18 at 11:44 am

Reading the comments it seems the “no” voters share a conservative prissy attitude which makes one wonder if that translates to their investing model

RATM

#325 Phylis on 01.27.18 at 11:50 am

#11 no.

#326 Backmarker on 01.27.18 at 11:56 am

SCM is Smoking Man.

#327 IHCTD9 on 01.27.18 at 11:59 am

That big beautiful house down the road I’ve been watching since last April has finally sold. Don’t know what the final number was, but it had dropped 70K under original listing price. I’ll stick my neck out and say it went for a nice round 650K, which would be ~100k total drop since last year.

I also bet that it was a move up buyer, and on condition of sale of buyers house and financing, so I’ll still be keeping an eye on it to see if anyone moves in.

If SCM has learned her lesson, I say Yes. I like to keep my eye on the more extreme elements of our society, she makes it easy.

#328 Glengarry Girl on 01.27.18 at 12:00 pm

Yes to SCM
What we are witnessing in this comment section is a very important part of the End of Growth. The divide between the young and the old, the inevitable breakdown of INEQUALITY. The feelings of the youth that have been screwed will eventually turn ugly toward the generation that are responsible. If the comment section is goinng to only represent one side of this economic correction, it won’t be worth reading. Kind of like reading the real estate boards constant pimping of the housing market knowing that it will correct and there will be consequences. I read almost daily and believe that most of the people commenting are quite naive to the correction ahead of us. Don’t like the youth complaining now, just wait til they’ve been fully screwed over and figure that out.

#329 crowdedelevatorfartz on 01.27.18 at 12:08 pm

SCM has been banned for an entire week and they feel they have “paid their debt”

My God.

Yes or No .
Its doesnt really matter.
They wont last 2 weeks without annoying Garth and getting banned again.

“Gift the Devil a horse and he’ll ride it straight to Hell”
comes to mind.

#330 n1tro on 01.27.18 at 12:12 pm

More fuel for the crypto haters….

Biggest fiat hack than Mt.Gox Bitcoin hack a few years back
https://www.ctvnews.ca/sci-tech/japan-cryptocurrency-exchange-loses-657-million-in-hack-1.3778024

The only time you can use “ponzi” in the correct meaning when it comes to cryptos
http://fortune.com/2018/01/26/bitconnect-lawsuit-cryptocurrency-exchange/

#331 IHCTD9 on 01.27.18 at 12:13 pm

#317 MF on 01.27.18 at 11:14 am

Sorry but SCM does not represent we milennials at all. How about the vast majority of us quietly working 6-7 days a week, trying to navigate the current world, and not complaining?

The constant posting, the finger pointing, the name calling, the Canada bashing, the thinly veiled racism….is all embarrassing. Not to mention all the boomers that take the bait and bash all of us. It’s honestly shameful how pathetic they look.

None of it has any place on the blog.

MF
—————

I have to admit, this^ is a good point. SCM isn’t helping with the millennial stereotypes.

Maybe the millennial dogs should be the ones to vote her in/out?

If she stays, I’d prefer her to be able to say her piece in an unrestrained fashion though. Garth allows the same for guys like me (and others) who go a little overboard some times :).

#332 crossbordershopper on 01.27.18 at 12:18 pm

why do people talk about supply and demand in real estate , as an indication of pricing.
This is Canada correct, unless you have been from Van Island to Cape Spear in NL, you have no idea how big this place is.
just add supply by building more units, the only factor to favour price moves is the cost of the land, the development charges, lumber prices(there up) etc etc plus margin plus return on sitting on raw land for a few years, that is the basis of pricing,
financing from the purchaser purspective is what people talk about B20 etc, and thats correct people have to come up with real money, no weed stocks to trade for real estate, so thats softened.
GTA real estate will go up and down, but by southern florida standards i find them very overpriced. and of poor construction. no one uses osb board in florida, they used to use chinese drywall but its been like 6 years since they were banned and ripped out. its all USG board now. Actually Canada number 1 lumber spruce is sold here cheaper than in Canada.
Immigration has to continue in southern Ontario, for the real estate ponzi scheme to continue, with the pull and pull of debt service ratio too high, wait till wages rise, etc etc, but the trend and the graph of pricing is so high compared to florida. for 225K you get a real house on a real lot in nice area of florida.
What people dont tell the immigrants is that they were brought her to support the natives. 7.7% of all children in Canada(under 18) are natives. which has doubled in a generation and scheduled to double again in another generation, due to above average birth rates compared to general population. 53.7% of all children in Canada who are in child protected services are natives. That is truely sad statistic, but the total cost of the candian economy is like 25 billion between, indigenous reserve costs, courts, health care etc.
so foreigners come here to support our natives, and juice real estate prices and work for low wages, even 14 canadian is low by us standards. to feed the banks, insurance companies, government and the 100 families that control everything.
check my stats for yourself. i see drunk natives on 101st street every day in north battleford Sk. I live this hell hole every day. Sunny Florida is calling me back, june 23rd is my get out of Jail(canada) free date.

#333 not so liquid in calgary on 01.27.18 at 12:24 pm

@ Garth,

‘N’ to the SCM

#334 akashic record on 01.27.18 at 12:48 pm

#310 Catmandeux on 01.27.18 at 10:49 am

#216 akashic record

**************
“Getting banned from a blog is not censorship.

What is it?”
********************

Getting kicked off a privately supported blog is no way prevents a person from starting their own blog to espouse their ideas, or from speaking at any other public space.

We are all guests on this blog, courtesy of Garth.

Garth choosing to ban SCM from commenting, is no different in kind than you choosing not to invite someone into you home who routinely is abrasive, insulting, or offensive to your other guests.

===

This blog effectively functions as privately owned media, not as a private residence.

#335 Old Dog on 01.27.18 at 12:52 pm

As the disparaged old white boomer, I couldn’t care less what SCM does or says. But I pose a question, with the amount of time and energy our host spends on SCM and the amount of off topic rants responding to SCM, who’s the greater fool.

#336 akashic record on 01.27.18 at 1:07 pm

Is this good for Toronto or not?

When a Tech Giant Plays Waterfront Developer

https://www.citylab.com/design/2018/01/when-a-tech-giant-plays-waterfront-developer/549590/

#337 LivinLarge on 01.27.18 at 1:20 pm

Let me guess Cross Border, the hardest 4 years in your life were grade 10? “This is Canada correct, unless you have been from Van Island to Cape Spear in NL, you have no idea how big this place is.
just add supply by building more units,…”

There’s a reason that 85% of Canadians live within a straight line distance of 100 miles of the US border. It’s frozen up here 4 months each year and for over 150 years we’ve had to huddle together just to keep warm.

Oh, and then there’s all that agricultural land unavailable for development between Miss. and Cambridge in SO.

#338 The Limited Sage on 01.27.18 at 1:22 pm

Garth, I’m echoing several commentors already – but this blog post’s comment section is exactly why SCM should stay banned.

Here you’ve presented a reasonably sound blog post and yet the comment section has been overrun talking about something completely different. I’ve been reading your blog for over two years and while I’ve gained incredible insight from you, I’ve also gained knowledge by well-informed comments. SCM is a distraction on this website and it needs to be put to rest.

This is your blog, thus free speak need not apply. There is no injustice being done when it’s optional for readers to come here and comment. If SCM wants to broadcast their own views then encourage them to start their own blog and move on.

#339 KLNR on 01.27.18 at 1:26 pm

@#309 Wiggleroom on 01.27.18 at 10:40 am
Garth – can you please delete all the sexist idiots who keep referring to SCM as “she” as if this were an insult? Thank you!
_______________________

there’d only be a handful of commenters if you got rid of the bigots, xenophobes, racists and woman haters.

#340 RH on 01.27.18 at 1:36 pm

No to SWF

#341 Greyhelm on 01.27.18 at 1:39 pm

A big Yes To SCM. Sometimes annoying, but always interesting.

I’ve compiled a list of those who voted “No” to assist me in knowing who to scroll past.

M68ON

#342 VanIsleStyle on 01.27.18 at 1:51 pm

SCM – Y after a lengthy time out. Garth has banned SCM a couple times before only to welcome him back immediately so there’s no incentive for SCM to change. SCM is annoying with his closed minded and Liberal gov’t loving views but he is also more than a troll… you can see he puts some thought into his misguided posts. He needs to put a little more thought into it and maybe someday will catch a clue that the boomers aren’t to blame for his misfortunes. Garth wants to help the younger misled generation so he’ll likely let SCM back.

#343 LivinLarge on 01.27.18 at 2:49 pm

“there’d only be a handful of commenters if you got rid of the bigots, xenophobes, racists and woman haters.”…yea, I think that’s the intent.

#344 IHCTD9 on 01.27.18 at 3:13 pm

#247 n1tro on 01.27.18 at 1:05 am
Garth,

If you let “but I’m really a boy” back in, please don’t censor the posts. These freedom of speech, “a different perspective” is a good thing crowd needs to see the ugly truth before they can wake up. The same people who despise Trump for the crap he says are all open arms for this one
————-

I agree. No one would believe it unless they saw it with their own eyes.

Yes, and uncensored.

#345 45north on 01.27.18 at 3:23 pm

T: talking about SCM: I created a CBC website account a few days ago just to call her out on being SCM. Within an hour all my posts on the same CBC article were flagged including a few generic comments agreeing with other posters.

that is my suspicion – she is associated with CBC in some way

my next post is my vote – the voice crying in the wilderness

#346 45north on 01.27.18 at 3:23 pm

SCM: she has good points but she tries – vainly – to have the last word.

I’d say she can be the voice crying in the wilderness. If she wants to blanket the air waves she can start her own blog.

https://www.kingjamesbibleonline.org/John-1-23/

#347 AGuyInVancouver on 01.27.18 at 3:44 pm

Yes to SCM

As to housing, what does one expect when in 2 of our 3 largest city a house has become out of reach for local income earners. Why list when nobody can afford to buy? Alos ignores that mahy houses aren’t bought to be lived in or sold, they are safety deposit boxes or land banked.

#348 Toyota Man on 01.27.18 at 3:46 pm

Yes to SCM

#349 Fluorine on 01.27.18 at 6:36 pm

Too late to vote? N

#350 Time to Wake Up on 01.27.18 at 6:40 pm

Garth…deep down you really do have a soft heart….willing to let SCM have the possibility of another chance. The comment section is like sitting in a small town bar. It’s a little rowdy at times…some of the regulars have some great input and are fun to be around….others make fools out of themselves and occasionally need to be kicked out while they sober up. Choice is yours but I appreciate you are always willing to give someone another chance on the slight possibility they might have gained just a little bit of wisdom from the experience. Where would our world be if there wasn’t hope of a better future …although it seems almost impossible for SCM to change maybe he/she will read all the comments today and actually apply some of the feedback. Cheers!

#351 CHERRY BLOSSOM on 01.27.18 at 7:49 pm

Here’s the latest money grab from the greedy T2 and the sneaky Morneau. They want more money out of our pockets and blatantly raising taxes is not popular and may cost them votes. So they are looking at reducing the tax credits on our income tax returns. Where are these guys going to stop. Perhaps they have forgotten about tar and feathering.

#352 DB on 01.27.18 at 10:24 pm

Valley of Kings and Slaves

Yes to SCM

Sun Tsu wisdom –

Keep your Friends close but your Enemies closer…

SCM and it’s cohort wi;ll be deciding our future soon enough— I’d like to learn their ‘thinking’.

#353 Hairhead on 01.27.18 at 11:30 pm

I vote Yes for SCM.

After all, if this blog can stomach the sexist, bigoted, macho drivel posted by Smoking Man (hint, hint, if there were a vote to ban SM, I would vote ban), surely it can stand SCM.

Oh, and one other thing: many people complain that SCM doesn’t want to have a dialogue, but I have seen dozens of posters put up nothing but violent personal abuse to SCM, as opposed to dialogue.

SCM is a welcome, if discordant, addition to this place, which is sometimes an echo chamber, unhealthily so.

And I speak as someone who was threatened with banning, and who apologized nicely.

Lastly, I’m a boomer, run my own small business for over 20 years, and I don’t think that makes my opinion any weightier than anyone else here.

(Who’s the weightiest? Why Garth, of course, heavyweight champeen!)

#354 maxx on 01.28.18 at 7:45 am

#11 Screwed Canadian Millenial on 01.26.18 at 6:15 pm

“I think I’ve paid my debt to this blog by now Garth.

Let’s see what the rabble thinks. Y or N to SCM? – Garth”

Please. Flush. Now.

#355 maxx on 01.28.18 at 8:17 am

#26 james on 01.26.18 at 6:37 pm

“Absolutely yes to SCM………
………….And please pay more attention to the huge bias in these comments, in favour of male baby boomers who are white supremacist, racist, misogynist and crypto-fascist Trumpian idiots.”

Whitewash much?? A surefire sign of the stupid and/or mentally lazy.

FYI, ageism is a violent, bold-face hate crime. It is practiced by evil trash no different in substance from the Trumpian behaviour they decry with extreme alacrity.

https://www.ctvnews.ca/canada/ageism-widespread-in-canada-survey-finds-1.1021641

https://www.winnipegfreepress.com/opinion/analysis/ageism-is-rampant-in-canada-204436231.html

It’s high time a new “me too” movement began.

You, SCM and a few fools on this blog contribute to ageism and we are seeing ageism creeping into the political arena (you know bloody well who you are), with complete idiots making harmful and age-biased decisions, categorically detrimental to this group.

Take off…….with SCM, read the press, and check out the increasing abuse seniors suffer because the attitude towards them needs a serious application of legal intervention.

Starting with major changes in the law.

#356 TEMPLE on 01.28.18 at 10:54 am

Yes to SCM. I think he/she adds lots of good conversation here and is the main reason I still read comments. Without SCM, there is far too much dog whistle and echo chamber.

#357 lala on 01.28.18 at 6:07 pm

Housing is so 2017. Bubble on demand is your TSFA full cannabis stock.

#358 Maggie the Tech Writer on 01.29.18 at 12:28 pm

Yes to SCM.

So great to watch someone giving characters like Smoking Man (and other such) a taste of their own medicine.

#359 LH on 01.30.18 at 9:04 am

Re: Penny Henny

Still long all the houses in C01, C02
Haven’t bought any more real estate in Toronto since 2014, but I have no plans to sell anytime soon either.
With recent Bank of Canada hikes, some cash is going into mortgage prepayments (effectively a ~3% risk-free return). Loan-to-value is now comfortably low (range 10%-40%).

But most of my annual bonus is going into the stock market again. 2016 and 2017 were back to back 20%+ years. It’s great to be a rentier, not a renter.

LH