Me, too

As she was built in 1907.

From time to time I may have mentioned that I love real estate. Especially the crusty, hoary, dusty old type. Over the years this has led me to be smitten with, purchase, sweat over and restore a number of ancient properties, some residential, some commercial, some acquired for resale, some just to bond with.

Included have been several houses, hotels, pubs, stone barns, restaurants, a take-out chicken joint (that was a mistake) and a general store. Lots of moves have ensued, which would never have been possible without a sporting, if bemused, spouse. After tedious decades of enduring me, I think she actually enjoys it now. The geriatric real estate, not the moving.

How does this square with my cautions about the market and how most people gobble houses and the debt that comes with them?

Simple. I buy what I can afford, eschew borrowing and sell when it makes sense. Most of the properties generated cash flow, usually containing businesses I owned and operated. That income helped afford the restoration, so when it came time to move on, a piece of Canadian architecture and built heritage was saved. There’s some pride in that.

So this summer I moved again (of course) but mostly spent time with my bank. Some months ago I told you about selling the Belfountain General Store, north of the Big Smoke, three years after rescuing it from falling over. That place now rocks. The new owner, Lisa, sends me happy emojis all the time. (Damn Millennials.)

I’ve also told you I enjoy spending time on the South Shore of Nova Scotia, where the palm trees sway and people aren’t afraid to wear rubber boots. In fact, they’re a fashion accessory. So it made some sense to have an office there for my money business and that led me to search for a cool location. And there it was. An unloved, abandoned, 111-year-old pile of stones that for over a century had been home to the Bank of Montreal.

Well banks, as mentioned here, just want to be ATMs and websites now, so financial real estate is being punted in many towns. Sad. Some of it is absolutely irreplaceable. Like my bank. After spending months negotiating with the minions in Montreal, it was mine. The ATM station, the giant vault with the emergency air supply system, the tellers’ wickets, the former manager’s apartment upstairs, the racks of servers in the stone-walled basement and all of the tacky 1970s renovations designed to obscure what was once a magnificent banking hall.

So the job’s now done. I have an employee in place with more coming. The banky stuff was ripped out. The original 1907 plan recreated. The big blue plastic signs torn down. The interior gutted and rebuilt, as architects Peden and McLaren designed it. Every time I walk out the door, just north of the harbour and the Bluenose, somebody stops me. “Thank you for saving that building,” is a phrase often spoken. And it’s the fact we all possess this structure, at the crossroads of a small town, that makes the dollars immaterial.

So, yes, I share the affliction. And you can see now how good I am at justifying it to Dorothy.

Bandit on the job. Investing is ruff.

The crew that pulled it off.

A bank no longer. Sort of.

The hall restored. Now a pathetic blogger's office.

Where the regular people work.

If you come to visit, this is where to hang.

Strange people have been here for ages. We fit right in.

 

176 comments ↓

#1 HT on 08.30.18 at 5:38 pm

1st by a kilometre!

#2 Chaddywack on 08.30.18 at 5:42 pm

Beautiful!

Are you going to rent out the former Manager’s apartment upstairs for extra cash flow?

Or is it a place for you to hang out when you’re in town?

#3 Jungle on 08.30.18 at 5:42 pm

Looks good and congrats! When can I start working for you?

#4 crowdedelevatorfartz on 08.30.18 at 5:43 pm

Well done.
I may just have to check it out one of these days……

#5 DARRELL F WELLS on 08.30.18 at 5:44 pm

Looks like you’ve found the ‘Centre of Your Universe’, Garth. And it looks lovely.

#6 The Wet One on 08.30.18 at 5:48 pm

That’s pretty cool.

Way to go Garth!

#7 Russ on 08.30.18 at 5:49 pm

Bravo!

Bravo!

#8 Kate on 08.30.18 at 5:51 pm

It is absolutely fabulous! Congratulation!

#9 Honey Dripper on 08.30.18 at 5:56 pm

Beautiful, well done!
“Lunenburg Lunenburg, my back still hurts when I hear that word” – adapted Stompin Tom

#10 MF on 08.30.18 at 5:57 pm

#145 Tony on 08.30.18 at 11:23 am
Re: #7 Damifino on 08.29.18 at 5:42 pm

“I retired at 35, made most of my money betting prize fights.”

-Things that never happened:

(x) this
( ) something else

MF

#11 Dave on 08.30.18 at 6:00 pm

Can you share the math behind one of your real estate purchases. Give us some real case scenarios so we too can buy logically and not emotionally?

#12 Bob on 08.30.18 at 6:00 pm

Very nice.

Where do I send my resume….?

#13 tccontrarian on 08.30.18 at 6:01 pm

Nice!

Question: have you retained the old ‘bank’ entrance and added a new one to your offices?

Can’t tell from the pictures.

TCC

#14 Sierts on 08.30.18 at 6:04 pm

yes, RE is something wonderful, if it comes without debt attached.

For my taste, it could have more bookshelves and less modern art, but really well done!

#15 YVRTechGuy on 08.30.18 at 6:07 pm

Garth – I recently learnt from a family friend that in the UK, 48% of eligible voters don’t pay any income tax. It’s a proportion that has been gently increasing over the past couple of decades and is largely due to the UK Government steadily increasing the basic personal amount of income (before tax is payable). My friend (who works in taxation advise) reckoned this would have profound consequences on democracy and public policy as it continues to grow past 50% (ie: The majority of voters won’t pay income tax).

I wondered if you had any equivalent knowledge on where the numbers stand for Canada?

(Love what you’ve done with the old BMO)

#16 Ex Pat Canuck on 08.30.18 at 6:08 pm

Really nice, Garth!

#17 Xpat on 08.30.18 at 6:10 pm

How much was did it cost Lord Turner?

#18 Keyser Soze on 08.30.18 at 6:15 pm

Amazing! Well done sir.

#19 B20 is the real deal on 08.30.18 at 6:16 pm

Kudos to you and your team. What a cool building to own and to be able to operate the business from.

Seasoned, bones of granite and rough around the edges. The only way to survive for 100+ years.

#20 Alberta Ed on 08.30.18 at 6:18 pm

Classy!

#21 SmarterSquirrel on 08.30.18 at 6:19 pm

Is this the next one you’re gonna buy Garth?
https://www.realtor.ca/Commercial/Retail/19560128/240-Rue-Dufferin-Stanstead—Ville-Quebec-J0B3E2
Or this one?
https://www.realtor.ca/Commercial/Institutional—Special-Purpose/18529771/1235-1259-3RD-AVENUE-E-Owen-Sound-Ontario-N4K2L6

#22 akashic record on 08.30.18 at 6:21 pm

From King St to King St. Bank of Garth. Bulletproof shelter, just in case…

#23 Ovidet on 08.30.18 at 6:21 pm

Congrats on your latest restoration. Impressive.

#24 AGuyInVancouver on 08.30.18 at 6:26 pm

Nice work!

#25 Braj on 08.30.18 at 6:27 pm

Looks beautiful! Excellent idea and execution, looks like you employed some local manpower for the renovation work to boot!

#26 Bill Grable on 08.30.18 at 6:30 pm

I know exactly what you are saying, about the charm of Nova Scotia’s South Shore.

I lived in Mahone Bay and still have many friends in Lunenberg, Lilydale, Blue Rocks, Indian point, etc.

Bravo. Good luck on the new office – looks great!

*The people of NS are lucky to have you there….( full disclosure) – Mr. Turner and his killer staff take care of my Family….and he does it with a kind, deft and brilliant touch.

#27 ts on 08.30.18 at 6:31 pm

Absolutely beautiful! Great job! I’m sure the city really appreciates your hard work.

#28 Leebow on 08.30.18 at 6:32 pm

Where do you keep the clairvoyant lobster who knows about markets?

#29 will on 08.30.18 at 6:33 pm

Nicely done Garth.

#30 Long-Time Lurker on 08.30.18 at 6:34 pm

Nice place, Garth! Another winner! Now you just need to put a pub in the basement. Maybe call it Bandit’s Speakeasy?

#31 Oxi on 08.30.18 at 6:37 pm

Hopefully all the right permits were taken and the guys didn’t inhale the lead paint and asbestos laden ibuilding. What is usually worse is when guys do the work incorrectly. Let’s call mike Holmes to inspect!

#32 Andrew Weaver Rules on 08.30.18 at 6:39 pm

Once again owns BNN.

I love these two going at it – but Andrew Weaver is right.

Now, let’s get the foreign ownership ban into legislation.

We have it on the table. It is coming within the next 2 years.

#33 Loonieburg Turnercoin on 08.30.18 at 6:39 pm

Do you issue your own currency now to compete with the crypto and fiat worlds… I thought your dream was to be an ice cream man.

#34 Fish on 08.30.18 at 6:40 pm

very persistent,
must say beautiful, refreshing, and wonderful

#35 Honest Realtor on 08.30.18 at 6:40 pm

A great example of the powerful social benefit that can come with wise property investments.

Thanks for sharing, Garth!

#36 Oakville Rocks! on 08.30.18 at 6:42 pm

Really beautiful work. Happy for the fine people of Lunenburg that this gem has been reserected. All offices should have at least one dog.

#37 BC Looking for Foreign Buyers on 08.30.18 at 6:42 pm

Love them or hate them: the NDP has deterred foreign buyers. Specifically David Eby.

2018: less than 300 sales this year compared to 30,000+ foreign buyer sales in 2016.

Coincidence prices went nuts that year?

Anyone who bought 2015, 2016, 2017 have been caught in a trap where governments allowed dirty business and failed to protect the Canadian proper from financial crime.

#38 the Jaguar on 08.30.18 at 6:44 pm

Bandit sleeps with left front leg straight out. An old war injury, maybe.
An elegant space. I like the minimalist furnishings within that allow the building to shine in the spotlight. Restoration of old buildings is really a rehabilitation of the humans that inhabit and love those spaces. A phoenix rises before our eyes and reminds us how we could all polish ourselves up, feel young again, and is a reminder that in old age beauty not only exists, but is an inspiration. Faith, Hope, Charity. And of course, Resurrection. They never get old. Thank you, Garth.

#39 just a dude on 08.30.18 at 6:46 pm

Awesome, Garth. Congrats. Will definitely aim to observe this beauty with my own eyes the next time me and the missus find ourselves again in beautiful Lunenberg. Gorgeous town.

#40 Grey Dog on 08.30.18 at 6:46 pm

Congratulations Garth on restoring a beautiful landmark! Love the security guard you’ve got posted at the front door…looks like you might need my mini Schnauzer as backup!

Enjoy your new location, I do love seeing your restoration projects. Belfountain sure needed you, leaving behind a wonderfully restored General Store that needed love and attention.

All the best to Dorothy, may her patience long continue!

#41 Victor V on 08.30.18 at 6:48 pm

Congratulations Garth.

#42 Capt. Serious on 08.30.18 at 6:50 pm

Nice work. Lunenburg is lucky to have you.

In other news, emerging markets got smacked around today. Thanks Argentina. If anyone is looking for the unloved region of the market, look no further.

#43 ole Doberman on 08.30.18 at 6:52 pm

Not bad but not as gracefull as those condos Lamb erects.

#44 Zapstrap on 08.30.18 at 6:58 pm

Wonder which office is more high tone? Terranna or that beauty. Gongrats … gotta love old buildings …

#45 Dolce Vita on 08.30.18 at 6:58 pm

Mini version of the Pantheon in Rome. Nice. Classical Garth.

The 2 hands thingy has to go.

If not and for the Love of God, have some couth and put an Audrey Hepburn Breakfast at Tiffany’s foot-long cigarette holder in one of them.

The artwork, Kandinsky or other Cubism painter? If Kandinsky (eye the hammer, soul the piano)….double nice.

#46 Karl on 08.30.18 at 7:03 pm

Looks great!

I have an option to possibly take a job in Lunenberg. Do you recommend the area to lay roots or is it more of a retirement type of place?

Do I look retired? – Garth

#47 Nonplused on 08.30.18 at 7:03 pm

#23 Vancouver Brit (yesterday)

You and I are using different math assumptions. Some of mine that you missed:

1 – If your portfolio is earning 5% but you draw it all out for living expenses, the portfolio does not grow. The only way it can grow is if you reinvest the earnings and any appreciation in stock/other values is not liquidated as part of the 5%, which would mean the actual portfolio performance is higher than 5% counting capital gains. Assuming the all in portfolio gain is 5%, you can’t withdraw 5% per year and have it grow.

2 – Yes you can live on $4,200 a month, but who would want to?

3 – If the portfolio is not growing due to the reasons outlined in 1), that $4,200 per month will have the buying power of $2,100 a month in 35 years assuming 2% inflation. That is near poverty for 2 people. When you retire at 30, reaching 65 is a very real possibility. Therefore sometime before age 65 they must start withdrawing principle to maintain their living standard.

4 – CPP will be a pittance for this couple, because the amount you get out is dependent on the amount you put in. My mother only worked a few years of her adult life and her CPP is less than $100 a month.

5 – OAS doesn’t kick in until 65 I think and it won’t be enough to offset the loss of earning power caused by inflation in this scenario.

6 – According to Garth the couple is working more than ever again, just at something else. In my day we called this “entrepreneurial” or said they were entrepreneurs”, not “retirement” or “retirees”.

Now, there is a way this could work, and that is if they did not withdraw any earnings or principle until they were 50-55 and just let the portfolio grow. But to do that they would have to obtain income from some other source, their website perhaps, until then. Maybe raising chickens. Maybe restoring old furniture. Maybe mowing lawns. But that is still working, just working for yourself.

#48 Linda on 08.30.18 at 7:07 pm

Love the renewed ‘old’ office building. Is the dome copper covered? BTW, Bandit definitely adds a touch of class to the joint!

#49 Ken M. on 08.30.18 at 7:08 pm

Garth is “The Nice Guy At The Bank”.

#50 Wrk.dover on 08.30.18 at 7:10 pm

Peden and McLaren were a couple decades ahead of their time.

This corner fortress look pretty Flash Gordon in my mind.

Meantime, down the hill the original Bluenose Super Schooner would not be constructed for another fourteen years.

#51 Pete on 08.30.18 at 7:14 pm

Garth that looks so beautiful. You have the old and new blended so nicely. You have a good eye for these things. Congrats on a job well done.

#52 Danny on 08.30.18 at 7:15 pm

Garth…you just exposed your soul and that of your spouse ….Yes….this does show and makes the dollars immaterial.

I completely renovated an old farm house in MONO Township….just north of Orangeville and yes….gave it a new life…..saved it from going to landfill…and planted over 300 trees on three acres of barren farm field.

So I know how good it feels to value more than just the dollar.

If more people did something for their soul…they may become more sensitive towards community values.

Looks like it was also built by master stone masons.

Hopefully you can honor not just the architects…but also the builders who left their sweat behind……with Plaque.

Probably immigrants who usually then and as today….do the heavy lifting and the tiring work.

This country was built and is today being built by immigrants.

I have noticed …that construction crews are made up of many very visible minority groups of workers sharing their sweat on our construction sites…all skin colors…..that is our diversity and our strength.

Hopefully these construction crews will show us all that we will reduce prejudice and…..even the hate some have for others based on racial discrimination.

Hopefully leaders like Doug Ford….can at least once…talk about multiculturalism as a good think.

Although………maybe he can’t rise to the occasion by ignoring his upbringing….which according to my relative who lived nearby was not welcoming of immigrants in his hood….unless if they sold the Ford brothers…..drugs.

#53 Jimmy on 08.30.18 at 7:25 pm

Very nice!
Congratulations.

I’ll invest with you if you pay for my airfare (return so not tempted to stay) so I can tour your building.

#54 FOUR FINGERS WATSON on 08.30.18 at 7:26 pm

Garth, maybe you could help restore an old pipeline. Canada needs some serious help :

In a devastating blow to the prospects of the Trans Mountain expansion pipeline – and thus, to the entire Canadian oil sands industry – a Canadian court ruled that the federal government failed to adequately consult with First Nations affected by the project. The ruling throws the entire project into doubt.

It’s the latest setback to Canada’s oil sands industry, which ahs been struggling for a decade to build a single large-scale pipeline to move oil from Alberta to the international market. Keystone XL still sits in limbo, ten years after its original proposal, despite support from both the U.S. and Canadian governments. The graveyard of abandoned pipeline proposals has grown over the years, and could yet claim another victim.

https://oilprice.com/Energy/Energy-General/Canadian-Court-Deals-Blow-To-Trans-Mountain-Expansion.html

#55 mitzerboyakaQueencitykidd on 08.30.18 at 7:28 pm

good job on the restore Garth

aint nothing like a old build.

the thing about old builds is the bulldozer needs to give a big grunt to git through the structure most times
these new builds the bulldozer could go through em backwards.

#56 Glengarry Girl on 08.30.18 at 7:29 pm

It is so incredibly timely that you wrote about your Bank today Garth. I am camping in Nova Scotia in my travel trailer and was on a day trip today in Lunenberg. I read this blog daily with comments and occasionally chime in. I made a point to stop by to see the Building and even came inside. I had a very pleasant conversation with a man that works there and he let me view the incredible room with the Cathedral ceiling. It’s an amazing building and you have done a beautiful job restoring it.

#57 Canadian in LA on 08.30.18 at 7:31 pm

Congrats Garth. Looks amazing. You’re my inspiration.

#58 Nonplused on 08.30.18 at 7:32 pm

#155 Guy in Calgary

No, I am not taking a “poop” on this couple. I specifically said $1 mil saved at 30 was an accomplishment. My point is that $1 mil saved is not enough to fund any sort of “retirement” for a 30 year old I would want for the next 56 years using average expiry ages. It has given them a great start, but they should have worked for another 10 years and “retired” with $2.5 mil in the bank. $1 mil isn’t a lot of money anymore. It certainly doesn’t make you “rich”.

I can’t remember who said it but there is an old quote that goes something like this: “A child thinks that 20 dollars and 20 years cannot be spent.”

Our new children think $1 million and 40 years cannot be spent. But a million dollars isn’t what it was in 1931. Being a “millionaire” now only means you have some savings. It doesn’t make you rich. Not at all. You can blow 5% of it on a Harley no problem, not counting gas, insurance, and maintenance. That’s just a motorcycle.

FIRE is a scam and all who practice it are choosing to be impoverished. That’s fine if raising chickens for a living and driving a rusty 1979 Ford half ton is for you, but count me out.

#59 David Paquette on 08.30.18 at 7:34 pm

Garth, how could you this do this to my latest rant? Now how can I post without guilt and I thought it was pretty good. There is a reason I respect you and I will not rain on your pride which I think is honorable. Well done – beautiful work by the locals. I hope the community does well with your presence.

I was wondering if you could renovate something near me. I think Calgary would appreciate and you might save Canada in the process. Think winter palace.

#60 IHCTD9 on 08.30.18 at 7:35 pm

Kudos to whoever thought up those exterior accent lights. They really make that hand cut stone pop!

#61 akashic record on 08.30.18 at 7:35 pm

Population of Lunenburg is declining, mother tongue 95% English.

It seems like the perfect hiding place from bumping into PM Trudeau.

http://www.city-data.com/canada/Lunenburg-Town.html

#62 crowdedelevatorfartz on 08.30.18 at 7:37 pm

@#49 Wrk.dover
“Meantime, down the hill the original Bluenose Super Schooner would not be constructed for another fourteen years.”

++++

I’m thinking quite a few pay cheques from the original workers and crew of the Bluenose passed through Garth’s building.

#63 Cici on 08.30.18 at 7:38 pm

« …so when it came time to move on, a piece of Canadian architecture and built heritage was saved. There’s some pride in that. »

I’m so happy to read that statement on this sweet blog. Just wish that more people with money had your values and great taste!

Blog on, man! And I’d definitely love to drop in for a visit; hopefully next summer with our son!

#64 Leo Trollstoy on 08.30.18 at 7:41 pm

Nice joint

Congrats!

#65 BMO minions on 08.30.18 at 7:42 pm

It would be nice to have some insights on the negotiatipns that went on with the BMO minions.

How you pulled this out, etc.

Anyway, great job on the restauration!

#66 Yuus bin Haad on 08.30.18 at 7:45 pm

Way better than accumulating wealth just for the sake of accumulating wealth.

#67 Greg on 08.30.18 at 7:46 pm

We’re all so envious! Beautiful building and tastefully decorated. Love your blog; read it every day. It’s like you don’t write to us, you add such a personal element, you’re talking with us. I was a little intrigued the other day when you said you have real estate, but no debt. Why is that? Doesn’t it make sense to mortgage the property and with that money, invest, and essentially double your assets? The investments would most typically cover the debt with such low interest rates.

#68 Unhinged Trader on 08.30.18 at 7:47 pm

Does the building hold a heritage designation with the feds or province?

Really shocking how little the authorities care for preserving character-defining buildings like this, built with masonry and ornaments not even remotely plausible in the horrifically austere and utilitarian architecture of today.

#69 Catalyst on 08.30.18 at 7:52 pm

Congrats Garth – looks great.

#70 islander on 08.30.18 at 7:52 pm

Love the restoration. Wonderful interior space.
Congratulations.
Lucky Lunenburg!

#71 Chimingin on 08.30.18 at 7:57 pm

Congratulations! It looks like an inspiring place to work…love the South Shore! Family in Port Medway. :)

#72 NEVER GIVE UP on 08.30.18 at 7:57 pm

Someday if I ever grow up I want to be just like Garth!

#73 IHCTD9 on 08.30.18 at 8:04 pm

#46 Nonplused on 08.30.18 at 7:03 pm

3 – If the portfolio is not growing due to the reasons outlined in 1), that $4,200 per month will have the buying power of $2,100 a month in 35 years assuming 2% inflation. That is near poverty for 2 people.
—————

That’s economically true, but that does not mean your standard of living takes a dive.

My heating bill today is less than it was 13 years ago. My vehicle expenses are the same as they were in 2001. My hydro bill is near half what it was 3 years ago (thanks tho Wynne’s “make the children pay” Hydro plan), gas costs per litre are way less than they were in 2008, my costs for tools, electronics, furniture, and just about any consumer good you can name is less than they’ve ever been.

There’s all kinds of change happening, some of it drives prices down. Folks also have a greater ability to reduce their costs of living today more than ever in history.

#74 Flat Earth Society on 08.30.18 at 8:13 pm

The problem with “basic income” is that it is not compatible with “immigration”, at least unrestricted immigration.

If we were to offer all residents of Canada say some number I don’t know $1,000 a month of “basic income”, why wouldn’t 2/3 of the world set forth for Canada immediately? And how would our tiny population of 36 million souls fund that? As Europe is proving, you can’t even if the number of immigrants numbers in the few millions against a resident population of 300 million.

There is just no way to make socialism work unless you exclude everyone who doesn’t already have a job. And that is the crux of the whole thing: Socialism can only help those who don’t really need help. As soon as it tries to help those who need it, it runs out of other people’s money.

As even JC himself said, “there will always be the poor”. Sure, it would be nice to try and save them, but holy heck there are a lot of them and as rich as we are we don’t have enough money to buy them all a house and a TV and fill the fridge. It’s not reasonable to expect one horse to pull the wagon and 5 horses to sit in it.

#75 Canada=Poor cousin of rich U.S on 08.30.18 at 8:19 pm

#15 YVRTechGuy
>>Garth – I recently learnt from a family friend that in the UK, 48% of eligible voters don’t pay any income tax. It’s a proportion that has been gently increasing over the past couple of decades and is largely due to the UK Government steadily increasing the basic personal amount of income (before tax is payable). My friend (who works in taxation advise) reckoned this would have profound consequences on democracy and public policy as it continues to grow past 50% (ie: The majority of voters won’t pay income tax).

I wondered if you had any equivalent knowledge on where the numbers stand for Canada?<<

**************************
Keep dreaming.

#76 Canada=Poor cousin of rich U.S on 08.30.18 at 8:22 pm

Garth,

I need to give you a lot of credit for this. No matter how abrasive a comment, you publish it, regardless of your personal opinion. I have tested you on this. You really believe in freedom of speech and have the guts to publish. Kudos.

#77 Jeremy on 08.30.18 at 8:24 pm

It’s lovely!

#78 Lunenburg lover on 08.30.18 at 8:25 pm

I love the way you kept the great architecture of the old building.
Enjoy the best secret in Canada – Lunenburg. The best little town with it’s front harbour for ships and it’s back harbour for swimming. A golf course across the front harbour, a tennis court, a curling rink, at least 15 churches (not quite sure), a fisherman’s museum, and the nicest people who arrived in 1753!

#79 Dee on 08.30.18 at 8:31 pm

Agreed with poster #11

In all these years of this blog, there hasnt been many times where you outline what a buy is for investment r.e in rez or commercial. Would love to see the numbers you think are sensible to purchase at

#80 Interstellar Old Yeller on 08.30.18 at 8:33 pm

Looks fantastic, Garth! Nice to see Bandit hard at work. <3

#81 crossbordershopper on 08.30.18 at 8:37 pm

dont people die with no money. i thought people save for a reason to have a good lifestyle in retirement , which i assumes includes eating into your capital, litterly or by purchasing power.
you are born with nothing, you die with nothing is the mantra of 90 percent of people. they may not think about it, but many people live till 90, their kids are 60, trust me they arent worried about what their parents leave them.
you live your life, you didnt with burden anyone, if you are left with half or a million or 2 million, based on return and personal burn rate, whats it matter. all this discussion about returns and lifestyle is irrelevent.
i know many people who live in a trailer in florida retired waiting for their daily early bird buffet, he said, i worked all my life for nothing, i could of just bummed around, waited till 65 and come down here and relax living in a trailer.
i know another guy who talks about building equity with his rental property but doesnt have 20 bucks in his pocket, doesnt even buy a coffee.
life is about living, if your young and have money, thats great, better than being old, with or without money anyday.
freedom is the key

#82 Out Of Work CEO, Will Travel on 08.30.18 at 8:40 pm

Today driving through my southwestern city I notice it is clean; orderly and safe for drivers and pedestrians but it surely could use some antiquity; some historical background or aging or previous century architecure. I live here because it has many positive advantages not available in Toronto. As an exile from la belle province the first and last thing all of us Quebecois exiles hark back to and remember with regret that the whole province of Quebec is beautiful. Every silly little truck stop or village or town has some cuteness or quirkiness which is attractive. It is very hurtful when you are rejected by your own country.

#83 OttawaMike on 08.30.18 at 8:41 pm

Magnificent.

How much over budget in percent did you go?

These heritage renos never come in at original cost estimates.

Incredibly, the crew came in on budget and finished four hours ahead of schedule (because we had a party in the bank that night). – Garth

#84 IHCTD9 on 08.30.18 at 8:45 pm

#51 Danny on 08.30.18 at 7:15 pm

I have noticed …that construction crews are made up of many very visible minority groups of workers sharing their sweat on our construction sites…all skin colors…..that is our diversity and our strength.

Hopefully these construction crews will show us all that we will reduce prejudice and…..even the hate some have for others based on racial discrimination.

Hopefully leaders like Doug Ford….can at least once…talk about multiculturalism as a good think
————

Ffs, it doesn’t bloody matter what colour the immigrants are, or what their cultural background is. All that matters is that whoever shows up is willing to put their noses to the grindstone. They could all be black, brown, green, purple, whatever – it doesn’t amount to diddly.

Immigration worked fine back in the day when pretty much all the immigrants were white. It will work fine today when everyone is piling in – no matter the colour.

They come here, they work, they earn, they pay taxes, and they reproduce, and the wheels keep turning. That’s the ball game, if we could get aliens to set up shop in Canada and do these same things it would turn out just as well.

Diversity doesn’t mean jack – hard work, and reproduction do.

#85 Darryl on 08.30.18 at 8:48 pm

Nicely done . Congrats.

#86 Ray on 08.30.18 at 8:49 pm

Well Done!
Congratulations.

#87 suburban coyote and pup on 08.30.18 at 8:53 pm

Wowzers!! looks amazing Garth, congratulations.

#88 Canadian Moose on 08.30.18 at 8:53 pm

Nice work Garth. What a great project to do from start to finish. Lunenburg is blessed to have you and your new inspiration. Cheers to you and your passion.

Thoughts from the Hinterland.

#89 Winterpeg on 08.30.18 at 8:55 pm

Beautiful job in a beautiful part of the country.
Has an art gallery look to it too.
Congratulations.

#90 Fakeologist on 08.30.18 at 8:55 pm

Looks fantastic! Saving banks, one branch at a time!

#91 OffshoreObserver on 08.30.18 at 8:56 pm

[From Vietnam]
Bravo! with the BMO project Garth & Co.

#92 Ray on 08.30.18 at 9:03 pm

I would not be surprised if T2 somehow intimated to the courts that he would be OK having the pipeline squashed. That way, he can look business friendly, but get to stop what he believes is a dirty project. Kind of a political passive aggressive thing.

#93 FIREworks on 08.30.18 at 9:08 pm

#57 Nonplused on 08.30.18 at 7:32 pm

FIRE is a scam and all who practice it are choosing to be impoverished. That’s fine if raising chickens for a living and driving a rusty 1979 Ford half ton is for you, but count me out.

Sounds good to me. Serious question, what makes you happy?

#94 Blair on 08.30.18 at 9:08 pm

Saw it in person…a wonderful restoration in a picturesque community. Great job Garth!

#95 A on 08.30.18 at 9:10 pm

The total lack of comments ( except #53 ) regarding the terrible TM pipeline decision today , is chilling. Yes Garth, your building is nice, but Canada becoming Venezuela seems more pressing.

Relax. T2 just got spanked. – Garth

#96 Shawn Allen on 08.30.18 at 9:16 pm

Impressive!

It is truly impressive that Garth is able to take on these major real estate projects on top of all the investment work and blogging. Obviously a prodigious ability to get things done.

These restorations are true tangible value added. The improvements are there for all to see. Has to be some psychic income generated there.

Well done.

I don’t say this to suck up since despite the odd rebuke from Garth, I don’t think I am in any danger of getting barred from this site. I say it because it is what I think. And I think a compliment on this work is certainly warranted.

Everything I have ever said on this blog is what I think to be true (except on rare occasion if I was obviously being sarcastic or something like that).

I don’t think I have ever been to Lunenburg despite being from Cape Breton and even living on the St. Margaret’s Bay road for about 14 months. (Most trips were to the bars in Halifax.) I will make a point of getting to Lunenburg one of these years.

I do vaguely recall contributing a dime to the building of the Bluenose II, built I believe in Lunenburg, around 1966. That may have been a centennial project. I believe all the school kids in Nova Scotia contributed a dime. A dime then was worth pretty close to what a dollar is today. Chocolate bars were 10 cents. A bag of chips was 5 cents. Pop was 15 cents.

#97 Mark in Victoria on 08.30.18 at 9:17 pm

Very cool reno especially the last pic! The interior dome ceilings are from an era bygone that deserved to be preserved and seen. Thank you for not turning it into another pub like was done here in Victoria to the old B of M building on government st which seems to be the in thing here in Victoria besides declining RE prices.

#98 FOUR FINGERS WATSON on 08.30.18 at 9:33 pm

Relax. T2 just got spanked. – Garth
……………………………..

By who when and where? I would have bought tickets. Let me know ahead time in the future.

#99 Timberr on 08.30.18 at 9:44 pm

Had a chance to see Garth’s new fortress back in July but didn’t have time to go inside…next time! However, family living in NS made the trek over for the open house night and had nothing but great things to say.

Not only is Garth near the water, but also down the street from the Ironworks distillery!

Garth – perhaps a selection of their elixors could be included in the “hanging out section” of the office? Or gift baskets for new customers? :-D

#100 Al on 08.30.18 at 9:50 pm

Looks awesome!

#101 Dr John On Van Isle on 08.30.18 at 9:51 pm

Nice job Garth

#102 ImGonnaBeSick on 08.30.18 at 9:55 pm

Beautiful job Mr. Garth. Half my family are masons, nothing is more awe inspiring than the work of a craftsman.

#103 Bottoms_Up on 08.30.18 at 10:00 pm

IHCTD9 on 08.30.18 at 8:04 pm
————————
But people’s largest expenses are typically housing (mortgage payment or rent payment) and food. These items tend to increase with inflation (thus eroding buying power of the 5% income).

Also, as they age, they may find they start having to pay more for healthcare (physio, massage, chiro, meds, dental, glasses, etc). So what if their gas bill stays the same…

#104 crowdedelevatorfartz on 08.30.18 at 10:03 pm

Hmmmm

The Supreme’s Kinder Morgan Ruling.

Albertas Notley upping the stakes.

Nafta’s Freeland desperately trying to salvage anything she can.

Vancouver and Toronto housing sales tanking.

Interest rates rising.

Could we ask for a better year leading into 2019’s election?

#105 Home Slice on 08.30.18 at 10:13 pm

Great work Garth

I hope we can make it there one day

Cheers

#106 Zapstrap on 08.30.18 at 10:17 pm

#97 FOUR FINGERS WATSON on 08.30.18 at 9:33 pm

Relax. T2 just got spanked. – Garth
……………………………..

By who when and where? I would have bought tickets. Let me know ahead time in the future.

I’d be in too … should be a lottery to see who gets to do the spanking though … just to be fair.

#107 Fish on 08.30.18 at 10:20 pm

Why buy realestate right know.

they are still sitting, for some time, I see alot, some prices have fallen, and I’m not a realtor,

it will be awarding, when the time is right,

#108 MicroGX on 08.30.18 at 10:22 pm

Ok then, We’re coming to visit ! Impressive… good job

#109 Shawn Allen on 08.30.18 at 10:22 pm

Fact Checking…

Well, it seems the Bluenose II was built in 1963 (in Lunenburg). I still maintain I donated a dime but now that I see this fact I think I recall it was for a bit of maintenance or something needed circa 1966.

Well, perhaps I remember wrong. I was only six at the time. Someone recently said they experienced in life more than they remembered and that they also remembered in some cases more than they actually experienced.

#110 WUL on 08.30.18 at 10:25 pm

Turner,

Nicely done on the reno. Calgary’s history, all 143 years of it, from the tents at the confluence of the Elbow and Bow and sandstone buildings, was bulldozed by the titans of industry for glass towers and concrete. Gone.

Is there space in the old BMO fortress for a dentist’s office? Maybe a specialist in restoration of gnashed teeth of Albertans resulting from the TMX pipeline decision.

Luv ya,

WUL

#111 Drill Baby Drill on 08.30.18 at 10:28 pm

Dear pathetic blog I noticed that the photo of your waiting area has sculptures of 2 hands. One “pointing out that” and the other stating but “on the other hand”.
Obviously designed by an economist.

#112 PastThePeak on 08.30.18 at 10:29 pm

Garth, you are one in a million (truly – only a few of the people of this country have both the means, will and desire to do what you have done with restoring properties). You are an inspiration to us all!

What I aspire to is to keep the 175 year old farm continuing for another generation. Nothing on the order of what you are doing, as I don’t have to spend a few million to buy the place, but it will take several hundred thousand over the next couple of decades, plus a few decades more of sweat equity (for a guy at 48).

But there is nothing more satisfying that knowing you have accomplished something “real” at the end of the day (crops off, barns fixed, house updated, cattle looking healthy, trails built for the kids, grandkids, me…). I might make a few k$ per year on the place when I am semi-retired, but for the last 10 years and the next, it will be an expense. And I wouldn’t trade it for the world…

#113 Fish on 08.30.18 at 10:33 pm

what exactly needs to be done on one day,
Of course, will take time, until fully realization that

done is ABSOLUTELY done Approximately 2015

but could carry on, out of the blue 2016, so I would say finished. move on, nothing to see folks love ya!

#114 Yvrmc on 08.30.18 at 10:44 pm

I’m with Dolce Vita , lose the funky hand thingies…. I’d go with the dogs playing poker poster instead ….

#115 Ponnaps on 08.30.18 at 10:48 pm

Who is Raymond James? and many congrats on yet another milestone.

#116 Fish on 08.30.18 at 11:00 pm

Oh yes, don’t try to TORRMENT, me,

It would not work, please remember done and SEALED

please Let’s talk about, how to survive, making sure that Harley is in storage, and before winter please,
you know where to find me,

#117 Honest Realtor on 08.30.18 at 11:03 pm

P.S. to my last comment, Garth. I was down east last week and saw this location, it looks truly beautiful. Well done!

#118 DON on 08.30.18 at 11:17 pm

You have class Garth…party on!

But that hand statue could be a liability.

#119 Love Guru’s Dad on 08.30.18 at 11:20 pm

TM Pipeline. Frivolous, yet calculated project the Kinder Morgan Execs brought to the table. Likely some backroom dealings with the Fed gov knowing if the Fed approved before province and it was stopped by legal challenge, they could sue. Got a good chunk of change for an old pipeline needing a rebuild. They’ll probably buy into the pipeline project to the west coast that will eventually move forward. Leveraged Canadians willingness to blame each other. Of course, this is just a wild guess formulated backwards from the outcome.

#120 DON on 08.30.18 at 11:31 pm

Went for a drive around some new executive homes starting at High 700k. Silly me I thought executive homes had pools, theaters, even an old hot tub…apparently an executive home no longer has a yard and is less than ten feet away from another executive home on either side. VERY QUIET out there in Victoria. Of course housing only goes up…until people get priced out and over extended. Anyone been following the housing markets in China, UK, and most recently Australia. Yikes! But then again it will never go down in. CANADA…cause we are special and our market while the same as others is exactly the opposite.

#121 Nonplused on 08.30.18 at 11:34 pm

#72 IHCTD9

All of those things are included in the inflation rate so the cost of something else must be going up. And also, these are relatively short term reductions you speak of. The long term trend for all these things is and always has been up. You can’t buy a Coke for 5 cents anymore and you never will again even if you can buy it on sale at Costco. 35 years from now, if inflation remains controlled, the cost of living will be double. And that assumes we won’t relive the 80’s. Folks who were working during the 80’s suffered some inconvenience but for the most part their wages went up too so it was survivable. Folks who were living on fixed incomes suffered horribly.

#122 Ponzius Pilatus on 08.30.18 at 11:35 pm

#144 AB Boxster on 08.30.18 at 11:20 am
Trans Mountain effectively cancelled by Federal Court.

Canada is now effectively closed for business.
Time to get your money out of Canada.
No smart investor should ever invest in this country again.
Maybe invest in Venezuela instead.

What a pathetically dysfunctional nation we have become.

Time for Alberta to say bye bye.
Do a deal with Trump.
There is no deal to be had with Canada.
————-
What a pathetic loser you are.
Moaning the loss of a loser pipeline that nobody wants and needs.
Alberta’s oil is inferior to any other oil in the world.
The Americans have their own oil now.
Are we gonna ship it to Saudi Arabia now.
Time to cut our dependence on oil and focus on value adding efforts.
That’s what the pinkos in BC are going for.
And I support them 100%

#123 P0nzius Pilatus on 08.30.18 at 11:52 pm

The Pinkos in BC are showing a 300 mill surplus.
Even when raising expenditures to cut hospital wait times and generally providing a fairer playing field for the poorer folks.
Diversiving the economy away from RE and gambling seems the sensible thing to do.

#124 acdel on 08.30.18 at 11:52 pm

Good on you Garth and all that contributed!

#125 Oft deleted much maligned stock.picker on 08.30.18 at 11:55 pm

Great place to launch a Hate Trudeau campaign for those dozy Maritimes welfare voters. Just ask one question. ” When everyone’s on welfare and only migrants are eligible for civil servant jobs are per Juniors latest pronouncement….who will have a dime left in savings to support Garths new bank?

#126 Steve French on 08.31.18 at 12:27 am

“Lord Baron Sir Garth Turner of Crossharbour, KCSG”….

#127 Nonplused on 08.31.18 at 12:34 am

#92 FIREworks

“Serious question, what makes you happy?”

Happiness isn’t a thing. It’s a dream. You “feel” happy when your experience of reality somewhat aligns with your goals. But you made up your goals.

For some it is “universal income”, or otherwise known as getting to play video games all day and not having to “save progress” because you have to “go to work”.

For me, in the last 2 weeks what made me happy was watching my 12 year old son catch his first fish (a yucky pike but I’ll take what I can get to him it was a “fish” and it was going back in the lake either way), and watching how much progress he made in just 2 days learning to ride his motorbike off-road. Working does not preclude such things, it just constrains the days you can do them.

Bill Gates could have retired at 30. Some would have argued the world would be a better place if he had, but that is unknown. Steve Jobs brought us the iPhone much later than 30. Should he have retired after the Mac came out? He could have.

Retiring at 30 is the same thing as saying “I don’t give a flying fu$k about the world, not even myself at 60, I just want the freedom to enjoy my hedonistic whims right here and right now.” It’s not much different than a drug addict really. Narcissism is a form of addiction, an addiction to yourself.

If you want to be “happy”, don’t think about it and don’t quit until there is nothing useful left to do. “Purpose” gives us meaning and happiness is elusive without it. Everything else is just a “high”.

#128 fishman on 08.31.18 at 1:11 am

Lets see: Trumpster gets spanked with a copy of Time with himself [of course] on the cover . I’m volunteering to go with Western Mariner with my boat on cover. Lets go with Spud Smart [magazine for the Canadian potato growing industry] with a truck dumping thousands of spuds on the cover for “Lil Potato”.

#129 Danielle on 08.31.18 at 2:11 am

Your happiest post to date… Rate hikes must be on the horizon! Behind every great man there is a Dorothy :) MFTW.

#130 Smoking Man on 08.31.18 at 2:28 am

My life.
https://youtu.be/e9-3RZkzpwM

#131 Charles on 08.31.18 at 4:32 am

Looks great, thank you for sharing your success and good luck on next real estate adventure!

#132 desparately seeking serenity on 08.31.18 at 5:21 am

Congratulations on the restoration- your plans were well executed and the city is better for it!

#133 Sam on 08.31.18 at 6:30 am

Garth,
Congratulations to you and your family.
Well done and we’ll deserved.
Where do you get your energy from ?
Thank you for the blog.

#134 Wrk.dover on 08.31.18 at 6:38 am

I theorise if Canada had not bought KM Pipeline, and the court had reached the same verdict as the one this week, KM would have overreacted with a many more than just a few billion dollar lawsuit. And won.

When oil was $140/barrel, Clayton Aggregates aka Bilcon of Philadelphia USA, proposed to build a gravel pit in SW Nova. The premise of their proposal was, at $140/barrel, they could afford to run a ship load of their harbour water as ballast all the way to NS, dump said water on the worlds most lucrative lobster ground, fill the ship with crushed basalt and return home making money hand over fist.

There was no mention of the fact that empty pits make excellent American city garbage dumps, even if they are in Nova Scotia, and the ship would be dead heading on each trip to NS anyway.

The turned down permit has been in court for over a decade, and Canada was recently sued over the issue for more money than all of the gravel would ever value out hand delivered to Philadelphia Harbour.

This is a big hairy NAFTA challenge, Google it Jess!

Canada won by buying KM, in light of the court decision.

#135 Karl on 08.31.18 at 6:46 am

Do I look retired? – Garth

=======

Touché.

#136 crowdedelevatorfartz on 08.31.18 at 7:53 am

@#123 …often deleted
“Great place to launch a Hate Trudeau campaign for those dozy Maritimes welfare voters. Just ask one question. ” When everyone’s on welfare and only migrants are eligible for civil servant jobs are per Juniors latest pronouncement”

+++++

Now I’m beginning to understand why your often deleted.

#137 NBE on 08.31.18 at 8:14 am

Love it, Garth. You have those special qualities to see value where others do not, make a plan, and carry it through to beautiful completion.

#138 crowdedelevatorfartz on 08.31.18 at 8:24 am

@#132 Wrk.dover
“The turned down permit has been in court for over a decade, and Canada was recently sued….”

+++++

You want to hear about a Lawsuit?
Try MacDonalds Restaurants vs City of Vancouver.

Its been dragging on through the Court system for over 30 years and all indications are….MacDonalds will win.

The premise of the case.
MacDonalds built a floating restaurant in 1985 for the False Creek Expo 86 World’s Fair. (it was dubbed the “MacBarge” by local wags)

The agreement was McDonalds could sell food at Expo86 from May 1st until Oct 31. ( It became the busiest MacDonald’s in the WORLD during the summer months of 1986) .
THEN MacDonalds would sell food to all the construction workers building the new condos rising around False Creek. Remember this is where the Olympic athletes village was built for a billion dollars…..
The City of Vancouver had other ideas. New Mayor said nope and booted them out. MacDonalds sued and won….and sued and won …… and sued and won….. but 30 years worth of mayors and clowncillors refuse to be the ones that hand MacDonalds hundreds of millions of dollar(billions?) and raise taxes.
The McBarge sat, rotting in Burnaby for almost 30 yearswhile the case dragged on ( it was such an eyesore in False Creek that the city demanded it be towed away).

Eventually this lawsuit will be settled in McD’s favour.

Stubborn,idiotic politicians that are totally unaccountable for the millions of squandered tax dollars vs a large international corporation with deep pockets to keep suing and suing and suing.

http://www.timescolonist.com/news/b-c/expo-86-mcbarge-to-become-deep-sea-museum-in-vancouver-1.23064613

#139 BZLA on 08.31.18 at 8:36 am

Beautiful congratulations. Special part of the country.

#140 Evangeline on 08.31.18 at 9:15 am

#116 Honest Realtor on 08.30.18 at 11:03 pm “I was down east last week and saw this location, it looks truly beautiful. Well done!”

You are fortunate to have seen it in real life. I bet Garth’s pictures, good as they are, don’t do the site full justice …

I’ve been thinking about moving back east, “home”, and Garth’s post, reminded me of how beautiful and uncommercial the maritimes are, a checkmark in my “yes” column.

The forced rush to wrap up the trade deal is not good, but Canada was given first place at the table and was given generous time and nothing got done. Mexico then jumped at the chance to negotiate and they got a great deal. The chief Mexican negotiator treated negotiating the deal a full time job and lived in DC for 55 days while working on it

The main feature I’ve read about the deal with Mexico is that it now has to pay workers higher wages.

#141 In Garth We Trust on 08.31.18 at 9:21 am

Well done sir! Kudos to you for restoring a historical gem. Three cheers for Captain Garth, he is truly a good fellow!

#142 Evangeline on 08.31.18 at 9:21 am

#125 Steve Jobs brought us the iPhone much later than 30. Should he have retired after the Mac came out? He could have.

I believe he did retire early, but Apple did so poorly that they begged him to come back.

#143 Also from Ottawa on 08.31.18 at 9:22 am

#82 OttawaMike on 08.30.18 at 8:41 pm
Magnificent.

How much over budget in percent did you go?

These heritage renos never come in at original cost estimates.

Incredibly, the crew came in on budget and finished four hours ahead of schedule (because we had a party in the bank that night). – Garth

******

Impressive crew to be on time and budget. Maybe 111 Wellington St. Ottawa could be your next project. Don’t worry about the current renos – but do consider replacing the elected crew with yours.

Congrats on the bank Garth!

#144 AB Boxster on 08.31.18 at 9:26 am

#121 Ponzius Pilatus on 08.30.18 at 11:35 pm


And I support them 100%

——————————–
Well of course you do.
That’s because you are a moron as are the pinkos in BC.

The biggest loser is Canada.
What a loser of a country we are under T2 and his band of marxist minions (Nutley and Whoregan)

As for the loss of the pipeline, well BC and the rest of Canada can just enjoy the increased rail traffic of oil.

As Alberta sells its ‘inferior’ oil to the world.

Preferably not to BC or eastern Canada.
We should turn off the taps to these regions.
Then, you can continue to buy more oil from Russia or Saudia Arabia or Nigeria. Those pillars of human rights.

And then BC and the east can continue their virtue signalling on how ‘progressive’ and environmentally conscious they are.

All the while burning BC forests put more C02 in the atmosphere in a day, than the oil industry in Alberta does in a year.

While tankers from all over the world, move oil up the the Ste Lawrence, or Quebec and Victoria dump tons of human shit into their waters untreated, or as BC mines continue to pollute the Montana watershed.

And when another massive rail oil spill incinerates a bunch of innocent people in the lower mainland of BC, because the eco-nazis have decided that an oil pipeline is ‘just not worth the risk , well , I guess that’s just the way things go.

Darwinian evolution has a way of eliminating stupidity from the gene pool.

You haven’t bred yet have you?

#145 Hamsterwheelie on 08.31.18 at 9:41 am

We just happened to wander into a city where everything was on sale, so we bought 4! Huge Victorian houses for under $200 000 in various states of interior neglect but all structurally sound. The opportunity turned us into landlords and thats been a fairly rewarding experience with all but one very privelaged young lady, we still like our tenants and vice versa.
Our latest aquisition was built originally as a grocery store in the late 1800’s and is now our home – quite a bit of joy in designing the layout of every room and what goes where – understanding how each thing works behind the walls too.
Real estate has generated a big return for us, we also learned a tonne about building and restoration as well as what’s required when financing these moves.
Its been stressful at times but extremely rewarding, just like a ‘real job’ should be. (We started all this up on a paltry $10,000 savings) Cannot imagine ever paying over a mill for a crappy little teardown in Van or a pop up castle in Barrie – but a bank or church or a warehouse in a small town? absolutely. (Although I would prefer to pay substantially less of course)
In the end all my real estate knowledge boils down to ‘buy low, sell higher’ and if possible rent out in between. :-)

#146 dharma bum on 08.31.18 at 9:43 am

Garth’s NEXT restoration project:

https://www.google.ca/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&ved=2ahUKEwj2yJPatZfdAhUl04MKHSWJBzQQjRx6BAgBEAU&url=https%3A%2F%2Fwww.google.ca%2Furl%3Fsa%3Di%26rct%3Dj%26q%3D%26esrc%3Ds%26source%3Dimages%26cd%3D%26ved%3D2ahUKEwj2yJPatZfdAhUl04MKHSWJBzQQjRx6BAgBEAU%26url%3Dhttps%253A%252F%252Fwww.tripadvisor.co.za%252FLocationPhotoDirectLink-g182187-d6870377-i198904972-The_South_Shore_Fish_Shack-Lunenburg_Southwest_Nova_Scotia_Nova_Scotia.html%26psig%3DAOvVaw3eWFw6KhwvXhtJZAO5yvVr%26ust%3D1535809277099534&psig=AOvVaw3eWFw6KhwvXhtJZAO5yvVr&ust=1535809277099534

#147 Dissident: The Squamish #metoo-ing of Trudeau & Morneau on 08.31.18 at 10:12 am

https://www.cbc.ca/news/politics/tasker-trans-mountain-federal-court-appeals-1.4804495

Trans Mountain Pipeline is quashed by Federal Court.

Woohoo. Why you ask? Because the government, in their infinite wisdom, did not choose to engage in meaningful consultation and informed consent with the Squamish First Nation people. (That’s not surprising).

You could say, Trudeau and Morneau got #metoo’d by the First Nations. And with good cause.

Great interview with the Squamish First Nations lawyer dude. And notice that in both Morneau’s and Scheer’s press interviews they make zero mention of the First Nations or why this project was delayed, all they do is blab about “efficiency”, “taxpayers” and “our good decisions”. Misdirection at it’s finest.

#148 IHCTD9 on 08.31.18 at 10:18 am

#120 Nonplused on 08.30.18 at 11:34 pm
#72 IHCTD9

All of those things are included in the inflation rate so the cost of something else must be going up. And also, these are relatively short term reductions you speak of. The long term trend for all these things is and always has been up. You can’t buy a Coke for 5 cents anymore and you never will again even if you can buy it on sale at Costco. 35 years from now, if inflation remains controlled, the cost of living will be double. And that assumes we won’t relive the 80’s. Folks who were working during the 80’s suffered some inconvenience but for the most part their wages went up too so it was survivable. Folks who were living on fixed incomes suffered horribly
——————

Some things go up, some things go down. The world is different today with fully mature, and integrated globalized manufacturing and the march of technology has now resulted in manufacturing plants that run “lights out” with no human operators on the floor. It’s only just beginning to come to bear, but consumer goods are just going to get insane cheap from here on in.

Back when Coke was 5 cents, no one brought home flats of the stuff like today. That’s because that 5 cents was a much larger share of an hour’s labour than it was today. Coke was actually more expensive back then. Much more expensive.

Years ago, I bought a small 1952 track loader basket case for less than scrap iron value of $1000.00.

This machine cost 3000.00 brand new in ‘52. That’s 60,000 cans of Coke at .05. Today you can buy a flat of 12 Cokes at Walmart for .21 cents a can. 60,000 of them would cost 12,600.00 You can’t buy ANY new track loader for that price, not even bloody close. Even a crap junk Chinese rip off one costs 3x + that.

So have track loaders exploded in price? Or has Coke just gotten rediculously cheap? I think you know the answer.

The long term trend for wages is also always been up over the long term – although trouble may finally be coming on this front. Today – at least for now, wages are way ahead compared to consumer goods prices.

IMHO, Taxes, all forms of domestic energy, some RE, and all government costs are going up. Everything else is pretty much going down, or staying the same. It’s up to the individual to minimize those 4 money leaches that are certain to increase.

#149 James on 08.31.18 at 10:30 am

#125 Nonplused on 08.31.18 at 12:34 am

#92 FIREworks

“Serious question, what makes you happy?”

Happiness isn’t a thing. It’s a dream. You “feel” happy when your experience of reality somewhat aligns with your goals. But you made up your goals.

For some it is “universal income”, or otherwise known as getting to play video games all day and not having to “save progress” because you have to “go to work”.

For me, in the last 2 weeks what made me happy was watching my 12 year old son catch his first fish (a yucky pike but I’ll take what I can get to him it was a “fish” and it was going back in the lake either way), and watching how much progress he made in just 2 days learning to ride his motorbike off-road. Working does not preclude such things, it just constrains the days you can do them.

Bill Gates could have retired at 30. Some would have argued the world would be a better place if he had, but that is unknown. Steve Jobs brought us the iPhone much later than 30. Should he have retired after the Mac came out? He could have.

Retiring at 30 is the same thing as saying “I don’t give a flying fu$k about the world, not even myself at 60, I just want the freedom to enjoy my hedonistic whims right here and right now.” It’s not much different than a drug addict really. Narcissism is a form of addiction, an addiction to yourself.

If you want to be “happy”, don’t think about it and don’t quit until there is nothing useful left to do. “Purpose” gives us meaning and happiness is elusive without it. Everything else is just a “high”.
____________________________________________
Totally agree, if you revel in your work and develop an exhilaration out of your achievements then continue to do so until the adventure has vanished. I completely understand the fishing thing and have had the same enjoyment with my one son when he caught his first fish at the cottage. That was the moment when I realized that these moments are fleeting and one needs to appreciate them with great delight. I take as much time as possible with my family to enjoy them while I can. Your time on this world is diminutive but while I am here I enjoy every moment whether it is working or relaxing. Some people never retire such as Warren Buffet at 88 years old and he lives a pretty meager life yet he is worth almost 90 billion dollars. He has always had a passion for making money from the time he was 16 and started picking stocks. I guess it never gets old for some of us.

#150 Oft deleted much maligned stock.picker on 08.31.18 at 11:17 am

#134…Crowded…..tell me what I said that wasn’t 200% correct? The truth is unpopular….doesn’t mean we let the liars win.

Groper admits to a sex assault and blames it on Canada….if you did any of that you’d get locked up….why isn’t he locked up? He calls us racists if questioned and that isn’t acceptable as truth?

Sick malcontents in the liberal left who have become so cynical that they work in the worst interests of Canada instead of the best? Trudeau did say that civil service jobs were now limited to migrants….is that too much truth for you to take public? I didn’t say that Trudeau did.

Liberals build ghettos and displace residents, exchange pandering for loyalty in the constituency ballot box and we end up with ministers who express hate for Canadian values as in the case of Hussens faux warlord recent rage?

We have ministers who have been made refugees by religious violence in thier own country but after lying to get into Canada the same Minister now wants to install those same dangerous religious values in the country that saved her from those same religious values ,……and forgave her got lying on her citizenship application? And then she goes on to funnel tax dollars and citizenship awards to religious fanatics who plan genocide against Jews…..do we not talk about that?

Too much truth? Sure….getting deleted and watching my country get flushed fown the toilet goes hand in hand. But that doesn’t mean we stop trying to have truth made a Canadian value.

#151 James on 08.31.18 at 11:53 am

#142 AB Boxster on 08.31.18 at 9:26 am

#121 Ponzius Pilatus on 08.30.18 at 11:35 pm

And I support them 100%

——————————–
Well of course you do.
That’s because you are a moron as are the pinkos in BC.

The biggest loser is Canada.
What a loser of a country we are under T2 and his band of marxist minions (Nutley and Whoregan)

As for the loss of the pipeline, well BC and the rest of Canada can just enjoy the increased rail traffic of oil.

As Alberta sells its ‘inferior’ oil to the world.

Preferably not to BC or eastern Canada.
We should turn off the taps to these regions.
Then, you can continue to buy more oil from Russia or Saudia Arabia or Nigeria. Those pillars of human rights.

And then BC and the east can continue their virtue signalling on how ‘progressive’ and environmentally conscious they are.

All the while burning BC forests put more C02 in the atmosphere in a day, than the oil industry in Alberta does in a year.

While tankers from all over the world, move oil up the the Ste Lawrence, or Quebec and Victoria dump tons of human shit into their waters untreated, or as BC mines continue to pollute the Montana watershed.

And when another massive rail oil spill incinerates a bunch of innocent people in the lower mainland of BC, because the eco-nazis have decided that an oil pipeline is ‘just not worth the risk , well , I guess that’s just the way things go.

Darwinian evolution has a way of eliminating stupidity from the gene pool.

You haven’t bred yet have you?
__________________________________________
Typical crap from Canadian do gooders and environmentalists. Yet they jet back and forth to conferences, drive cars and trucks and burn oil, gas or wood to heat their homes and use carbon generating electricity to cool themselves in the heat. As far as the native people I find them somewhat hypocritical as well. I went to a reserve once in BC and the native peoples were all driving pickup trucks that consumed copious amounts of fossil fuels and their teenagers were all driving around on Honda ATV’s blowing black smoke out the tailpipes as if the vehicles had gaseous diarrhea. You cannot have it both ways there has to be some give and take. So build the damn pipeline and pump the black tar to the coast. I hear the Chinese are hungry to drive cars?

#152 JRT on 08.31.18 at 12:00 pm

Nice that you are keeping some of Canada’s rapidly vanishing heritage. Vernon, BC used to have a BMO similar to that and it was torn down in the 70’s and replaced by a structure that wouldn’t look out of place with a picture of Big Brother on it. It was closed in the early 2000’s. Just an empty lot now. (The walls may still be there). I remember in the early 80’s developers were keen to buy heritage buildings and tear them down and build ugly monstrosities before they received heritage status. City of Penticton is trying to improve downtown. All they have to do is look at older photos and tear off the 1950’s siding like Nelson did.

#153 Uncle_Scrooge on 08.31.18 at 12:14 pm

I have summited an edit to Bing Maps for your new office location.

#154 Quebec Is Great on 08.31.18 at 12:21 pm

NAFTA pain incoming?

no compromise from Trump

#155 Wrk.dover on 08.31.18 at 12:23 pm

In GTA, five cent coke only came in a six oz. bottle in wooden flats, with a two cent added deposit per bottle plus I don’t know for the flat. Then 10oz bottles costing more overlapped their phaseout.

Shortly after that 10oz steel cans cans that needed a can opener appeared, as well as 16oz bottles.

Delivering a Toronto Star earned two cents, of the ten cent paper.

M65NS

#156 Ogopogo on 08.31.18 at 12:27 pm

Garth for the Order of Canada. Or at the very least a Heritage Award.

#157 crowdedelevatorfartz on 08.31.18 at 12:43 pm

@#148 Often deleted

and that was one of your more lucid comments.

Not to worry.
The way things are shaping up.
Trudeau is toast in about one year…..unless he calls a snap election after seeing his falling poll numbers.

#158 KLNR on 08.31.18 at 1:02 pm

@#125 Nonplused on 08.31.18 at 12:34 am
#92 FIREworks

“Serious question, what makes you happy?”

Happiness isn’t a thing. It’s a dream. You “feel” happy when your experience of reality somewhat aligns with your goals. But you made up your goals.

For some it is “universal income”, or otherwise known as getting to play video games all day and not having to “save progress” because you have to “go to work”.

For me, in the last 2 weeks what made me happy was watching my 12 year old son catch his first fish (a yucky pike but I’ll take what I can get to him it was a “fish” and it was going back in the lake either way), and watching how much progress he made in just 2 days learning to ride his motorbike off-road. Working does not preclude such things, it just constrains the days you can do them.

Bill Gates could have retired at 30. Some would have argued the world would be a better place if he had, but that is unknown. Steve Jobs brought us the iPhone much later than 30. Should he have retired after the Mac came out? He could have.

Retiring at 30 is the same thing as saying “I don’t give a flying fu$k about the world, not even myself at 60, I just want the freedom to enjoy my hedonistic whims right here and right now.” It’s not much different than a drug addict really. Narcissism is a form of addiction, an addiction to yourself.

If you want to be “happy”, don’t think about it and don’t quit until there is nothing useful left to do. “Purpose” gives us meaning and happiness is elusive without it. Everything else is just a “high”.
_____________________________

LOL, purpose doesnt end with retirement. retiring early doesn’t mean you dont give a fu$k. just means youre in a position to do what you want, when you want and don’t have to earn $$s doing it.

Jobs didnt have to come out of retirement to do marketing for apple again, simply a passion project – didn’t need the money.

Gates donates massive amount of money to charity – 4.6billion this year alone. better without him? i don’t think so.

#159 Ponzius Pilatus on 08.31.18 at 1:05 pm

They had to build the banks like fortresses those days.
To prevent the screwed depositors from storming in and lynching the crooked bankers.

#160 Al on 08.31.18 at 1:07 pm

Amazing. I love it.

#161 Tony on 08.31.18 at 1:17 pm

Re: #10 MF on 08.30.18 at 5:57 pm

It happened thanks to the Roberto Duran victory over Iran Barkley back in ’89.

#162 n1tro on 08.31.18 at 1:40 pm

#154 Ogopogo on 08.31.18 at 12:27 pm
Garth for the Order of Canada. Or at the very least a Heritage Award.
———————————
They didn’t deem Garth worthy. I got the rejection letter a few months back. I think Garth would have to come out as a female minority who selflessly helps others and takes any profits and gives it to immigrants (minorities only of course) to help build a life in Canada. I think it would help a lot of Garth could cry in public more often. I hear it is a thing now.

In other news, looking forward to riding motorcycles without silly helmets. Coming soon to a politically correct province of Ontario…

https://globalnews.ca/news/4420093/sikhs-turban-helmets-ontario/

And people say Doug Ford is a conservative?!

All I know is if you make an exemption to a statute that in essences discriminates against everyone else, the statue will fail to be enforced. Charter of Rights y’all!

#163 Midnights on 08.31.18 at 2:28 pm

Gen-X and retirement…
https://business.financialpost.com/personal-finance/avoid-these-gen-x-retirement-traps

#164 SoggyShorts on 08.31.18 at 2:48 pm

#147 James on 08.31.18 at 10:30 am
#125 Nonplused on 08.31.18 at 12:34 am

#92 FIREworks

“Serious question, what makes you happy?”

Bill Gates could have retired at 30. …. Steve Jobs brought us the iPhone much later than 30. Should he have retired after the Mac came out? He could have.

Retiring at 30 is the same thing as saying “I don’t give a flying fu$k about the world, not even myself at 60, I just want the freedom to enjoy my hedonistic whims right here and right now.” It’s not much different than a drug addict really. Narcissism is a form of addiction, an addiction to yourself.

If you want to be “happy”, don’t think about it and don’t quit until there is nothing useful left to do. “Purpose” gives us meaning and happiness is elusive without it. Everything else is just a “high”.

****************************
What a ridiculous post. Do you honestly think even 0.1% of people will impact the world like Gates or Jobs? Does leaving your cubicle a decade or 2 earlier deprive the world of anything meaningful?

I like my job, I take pride in my reputation and success, but I’m under no illusions that the world might suffer if I closed up shop tomorrow. Within a week my competitors would gobble up my clients and employees and that would be that.
The only thing that would change in the world would be me. I might write a book, I may go overseas and build a school, the possibilities are endless.

#165 n1tro on 08.31.18 at 3:34 pm

#162 SoggyShorts on 08.31.18 at 2:48 pm
#147 James on 08.31.18 at 10:30 am
#125 Nonplused on 08.31.18 at 12:34 am
#92 FIREworks
————————-
I think you may have missed the point of the discussion. There is this talk of FIRE and how the kiddies are trying to achieve it. Upon inspection, FIRE is nothing new and really a goal every generation has. The conversation then diverted to people who think they are entitled to retire at 30 and what they would do with their time. Conversation then got diverted to what makes people happy if they could retire early where then the argument centered around having a sense of purpose keeps people happy.

I don’t think anyone is arguing that the world would end if they quit their job at (insert age) but rather, if you have no plans of what to do after you quit, you wouldn’t be happy.

You say you may write a book, go overseas and build a school, etc…but will you? Unlikely, or you would have already started preparing for it.

#166 Figus Makum on 08.31.18 at 3:54 pm

#152 Quebec Is Great on 08.31.18 at 12:21 pm
NAFTA pain incoming?
no compromise from Trump
********************************

Should not come as a surprise when dealing with a tyrant who is bereft of a moral compass.
Nuf said.

“With reasonable men, I will reason; with humane men I will plead; but to tyrants I will give no quarter, nor waste arguments where they will certainly be lost.” –William Lloyd Garrison

#167 Almost A Boomer on 08.31.18 at 4:31 pm

Great job! A great way to invest your time and money.
Congratulations, it’s beautiful.

#168 Ace Goodheart on 08.31.18 at 4:32 pm

Just in: The Toronto Star claims it has derailed NAFTA talks by publishing comments made in confidence to Bloomberg:

https://www.thestar.com/news/world/2018/08/31/bombshell-leak-to-toronto-star-upends-nafta-talks-in-secret-so-insulting-remarks-trump-says-he-isnt-compromising-at-all-with-canada.html

Yeah, you can’t make this sh*t up.

So when Trump shuts down Ontario’s auto industry, and the angry workers march on Parliament, maybe they be takin’ a little detour down to 1 Yonge Street?

#169 SoggyShorts on 08.31.18 at 4:40 pm

#163 n1tro on 08.31.18 at 3:34 pm
#162 SoggyShorts on 08.31.18 at 2:48 pm
#147 James on 08.31.18 at 10:30 am
#125 Nonplused on 08.31.18 at 12:34 am
#92 FIREworks
————————-
I think you may have missed the point of the discussion.

You say you may write a book, go overseas and build a school, etc…but will you? Unlikely, or you would have already started preparing for it.
*****************************
Wrong on all counts. Both books already have outlines and pages upon pages of notes.
The school idea isn’t a “far out there” idea either, as I’ve already spent 2 years teaching English in Asia as well as having visited schools in the Dominican, Thailand, Malaysia, Vietnam, and Jamaica for research on charitable school building.

Who doesn’t have a plan for what they would do in retirement? Do people like that actually exist?
I mean who hasn’t at least spent some time fantasizing?
Really all it takes is a little research on your idea of a fulfilling retirement plus money plus time.

#170 purrfect on 08.31.18 at 5:22 pm

Absolutely magnificent Garth. As a client what are the benefits of visiting your office in NS? May we at least take Bandit for a walk?

You can take him sailing! – Garth

#171 Barb on 08.31.18 at 5:24 pm

Great job, Mr. T!
Thank you for the photos.

#172 Gravy Train on 08.31.18 at 6:06 pm

#149 James on 08.31.18 at 11:53 am
“Typical crap from Canadian do gooders and environmentalists. Yet they jet back and forth to conferences, drive cars and trucks and burn oil, gas or wood to heat their homes and use carbon generating electricity to cool themselves in the heat.”

I just ran the numbers today, and my family and I will soon be having solar panels installed on our roof to heat our house. Oh—and I have a monthly bus pass! Does that make me a crappy do-gooder? :)

#173 Oft deleted much maligned stock.picker on 09.01.18 at 2:39 am

DELETED

#174 Alberta Pipeliner on 09.01.18 at 9:35 am

Great job on the restoration!

#175 B Wilds on 09.01.18 at 12:40 pm

The closing of many retail stores is making the economics of re-purposing empty buildings far more difficult. Not long ago the last Sears store in my city announced plans to shutter its doors. This is the third anchor store in the mall across from my office to exit in 2018. Last year more than 7,000 stores closed their doors, more than twice the amount of stores that opened in the same time period.

A bill is being created as a result of the assault on our brick and mortar retailers and it will come in many forms including defaults on loans and bonds as well as reduced property taxes for local communities. We can also expect a slew of empty buildings blighting our landscape and driving down the value of properties across the nation. The article below explores this issue.

http://Retail Closings Are So Common They Can Go Unnoticed html

http://brucewilds.blogspot.com/2018/08/retail-closings-are-so-common-they-can.html

#176 David Pylyp on 09.02.18 at 9:29 am

Congratulations on saving a piece of history.

These types of investments become altruistic and seed capital for others considering investing in the city Center.

David Pylyp
Toronto