Head faking

Sales of detached houses in Toronto fell double-digits last month. But deals for properties in the burbs – even the faraway ones – rose by just as much. Toronto condo listings are growing like mushrooms in the humidity, Rents and prices are under pressure. Meanwhile in Muskoka and the Kawartha locals say the market’s on fire. In Vancouver the month/month price drop for a foot of condo space was the most in years, at thirty-four bucks. In Halifax, where new listings sell in hours, there are bidding wars. In BC, the Fraser Valley is steamy with aroused buyers and vaulting sales.

Whoa. Whazzup?

It’s Covid, of course. The impact of this virus is everywhere these days, now having a profound impact on real estate preferences. Says a headline this week in The Examiner (where I used to be City Editor decades ago when pages were made out of lead): “Hipsters who want to get away from big city fueling Peterborough housing boom.”

Why are housing tastes changing? It was not so long ago that a detached in 416 was the gold standard, that people would kill and maim to own in Kits and condos everywhere were hot properties.

Well, first, germs and space. Masks, social distancing and fear. Condo life is pure stress for many people who’ve been convinced living a few inches or feet from others is life-threatening. Elevators, mail rooms, corridors, door handles, garbage chutes – the potential virus transmission points seem everywhere.  Now that Covid has moved from offing octogenarians to disabling Millennials condos look like a seriously poor choice. So after a few years of ridiculous price inflation, the party’s over. Mix in the collapse of Airbnb and it’s a perfect storm.

Says Van housing analyst and bear Dane Eitel: “As the market progresses to feel the effects of the Covid-19 the mortgage deferrals will eventually come to an end. The tenants that haven’t paid will be asked to leave. Not to mention all the presold properties that will flood the market as the completions continue  – which is a whole beast on its own. The inventory has no choice but to skyrocket.”

Second, remote work. When your office closes, trying to stay employed while living with a kid and spouse in a two-bedroom apartment is the new definition of hell. And if you paid $2 million to have digs just a short train or tram or bike ride from your job – and the workplace shutters (maybe forever) – how dumb was that? Suddenly the sacrifices demanded by urban living seem extreme. Tight spaces. High costs. Congestion and compromise.

Third, budgets. Cash flow. The virus, Zoom and remote working has brought a new economic reality for millions of us. No commuting. No new suits. No heels. Maybe no daycare. Combine that cash with rent now being paid and you may well have enough for a house with some actual dirt in the boonies. Meanwhile mortgages have plunged to the 2% range for a five-year fixed, which means a couple of grand a month can now finance at least $450,000. So you can buy a 400-foot shoebox in the city or something like this, 110 km from DT Toronto:

Or look further afield. There are whole regions of the country where houses are affordable, services abundant and the geography stunning. If you can work from home in Collingwood or Hope, then you can do it in Nova Scotia, too. Like this house an hour east of Halifax on two acres (and it’s a B&B):

So while there’s sure been price inflation in the hinterland around major cities, affordability is dramatically better the further your drive. With this new Covid working-in-your-jammies reality and a strong Internet connection, distance is irrelevant. It allows real estate ownership without penury. You can actually consider having property and still feed your TFSA, chunk money into the kid’s RESP and make your group retirement plan contributions.

“All we have seen and heard in the past few months,” says a realtor in Peterborough (140 km from downtown Toronto), “are more people becoming keen on places like this that allow for a sense of community, a little safer, more space, walkable, with all those kind of things people have slowly been moving to over time.”

GTA realtor John Pasalis (who apparently hates me, but I forgive him) estimated the current boonie boom is focused on areas which average 86 km from the urban core.

Nor is this just a Canadian phenom. For months now there have been reports of a big move of folks out of NYC, Boston, Chicago and other places where life is tight, costs high and freedom curtailed. When there’s space, social distancing is a quaint notion. Masks are mostly unnecessary. Stress melts away for those whose minds have been forever bent by the fear of infection. The longer the pandemic dominates headlines and daily life, the more profound this shift will be. And how can this be a bad thing?

Thanks, Covid. After all the crap you’ve thrown into our lives, there had to be something of value. You owed us.

217 comments ↓

#1 YouKnowWho on 07.23.20 at 3:10 pm

Humans not able to touch humans, tis the reality of today’s Covid-19 world.

In our continued series of songs about touch, The Beatles remind us…I want to hold your hand. It’s OK, as recent peer review of Covid-19 surface spread claims was absolutely BONKERS! So…go on, do it!

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

#2 YouKnowWho on 07.23.20 at 3:10 pm

Garth,

Honestly, I’m tired of government officials coming on TV and talking about how ‘young people are being irresponsible”, while completely ignoring airplanes.

Here they are shaming a group, meanwhile…they allow planes to fly. WORSE, there have been 34 confirmed Covid-19 cases on flights in first 9 days of July alone, and no one called anyone, told anyone to quarantine, test – NOTHING!

The same Federal government blowing up the economy and small business is turning a completely blind eye to a nice method of Covid-19 spread and movement (planes spread it around after all), and when presence on plane and spread is 100% confirmed – no one does a thing about it!

“in the first nine days of this month, there were 14 other domestic flights with confirmed cases of COVID-19 on board. Another 19 international flights arrived with at least one positive case, originating from such places as Charlotte, N.C., and Addis Ababa, Ethiopia.”

https://www.theglobeandmail.com/opinion/editorials/article-why-nobody-told-you-about-that-covid-19-case-on-your-flight-and-why/

#3 YouKnowWho on 07.23.20 at 3:12 pm

Another piece of news recently. First Covid-19 was a deadly spreader from surfaces. Children can’t play on playgrounds. Disinfect everything!

Then someone checks the science it was based on, and calls ball sheet on it.

I said from the very start that scientists were starting to behave like politicians way too much, and imagine that…a study that…”used 1 million to 10 million infectious virus particles for each sample. That would be the equivalent of collecting droplets from 10,000 to 100,000 infected people and applying them to one small area, Dr. Goldman said.

“It’s absurd,” he said, noting he doesn’t dispute the quality of this research. Rather, “it just has nothing to do with the real world.”

Honestly – someone used a viral load equivalent to 10,000 – 100,000 thousand individuals to test for surface spread, and NO ONE picked up on this?

Just like that we go from ON to OFF?

https://www.theglobeandmail.com/opinion/editorials/article-why-nobody-told-you-about-that-covid-19-case-on-your-flight-and-why/

https://www.thelancet.com/pdfs/journals/laninf/PIIS1473-3099(20)30561-2.pdf

#4 Classical Liberal Millennial on 07.23.20 at 3:16 pm

Paris is a beauty little town on the Grand. But it’s funny that even just a few short years ago it would have been unheard of to offer a semi-detached for close to half a mil here in the Deep South of Ontario.

#5 nlabixa on 07.23.20 at 3:16 pm

first, been awhile. Is there any news on BC Sunshine Coast RE?

#6 Blogdog123 on 07.23.20 at 3:20 pm

Or you can move to your French Villa, like wild Bill Morneau.

Trudeau and Morneau… they gotta go! These guys should resign, find some non-work that interests them and quit f’n over the country…

#7 person man woman camera tv on 07.23.20 at 3:23 pm

El presidente…aka…stable genius

#8 Faron on 07.23.20 at 3:26 pm

Interesting post Garth. We were just informed at my workplace that, with the uptick in cases in BC, return to work is but a gleam in the eye.

Victoria is front and center when it comes to the real-estate shift. A new listing came on the market at a way-too-low price of $799k yesterday. Has 35 showings scheduled for today. The one I mentioned last week — a pile of yuck with no lot and sheltering a mere 1450 sq. ft. sold within the week. All of Garth’s above mentioned benefits are here but with a cute little town with a moat between it and the US.

Partner and I are looking afield. Koots. There are still a couple of still dejected towns that are affordable. And gotta get the skiing before climate change makes powder a joyous but distant memory.

Another upside? If prices drop drastically in city centers, there’s hope for affordable housing for those who can’t or wont leave.

…And how can this be a bad thing?

Only downside I see is if people drive more, there will be more CO2 emissions. Maybe good for the CDN oil patch to keep them on a life line a bit longer, but bad for the planet unless EVs take over.

#9 YouKnowWho on 07.23.20 at 3:31 pm

Question:

Recently a flyer came to my door. Bijou on Bloor condo.
It said, 1381 sq/ft 3 bdrm ….from $1.7m

https://bijouonbloorcondo.ca

Magnificent building overlooking an ESSO gas station across the street, and positioned on the awkward Jane/Bloor West/South Kingsway busy noisy intersection.

I looked further into it.

If I recall correctly $0.64 per sq/ft monthly maintenance fee, plus $79 maintenance fee monthly for parking and $25 monthly maintenance fee for storage locker. Maintenance fee does not include property taxes. 1% property tax rate assumed.

Quick back of the napkin math.
$8500 monthly for mortgagte on the 1.7m purchase
$1000 for maintenance fees monthly
$1400 for property taxes monthly

About $11,000 a month to live in this 1381 sq/ft condo.

OR, I could go over to Minto High Park properties and rent a luxury 3 bdrm overlooking High Park, with 2 parking spots and a locker for under $3000 a month and have $1.7M in my pocket.

Can someone please explain to, like I’m a 5 year-old why would ANYONE pay nearly 4x more to “OWN IT” vs Rent it?

Garth, am I missing something? No Amazonian services claimed with the condo purchase in the flyer I received or on their website.

#10 cto on 07.23.20 at 3:34 pm

Great towns and mid sized cities with all amenities of T.O.
within 2.5 hrs driving distance, closer too, or in Cottage country.

Barrie,
Orilia
Collingwood
wasaga beach
Midland
Parry Sound
Bracebridge
Huntsville
Gravenhurst
Peterborough

I’v lived in a few of these towns and been to all.
Amenities galore, beautiful parks, scenery, beaches, Canadian Shield, easy life, LESS BMWs , more reality, less vanity.
Enjoy life on a sustainable budget.

#11 Sail Away on 07.23.20 at 3:35 pm

Well, we do indeed love our large treed lot on the ocean. Comfortable on even the hottest of hot days, close enough to all amenities and 15 minute bike ride to eithet my wife’s or my office. Very pleasant. Sort of like a fulltime luxury vacation.

Took 10 years to get it in shape though. Kids learned how to work early, haha.

#12 not 1st on 07.23.20 at 3:36 pm

#175 Howard on 07.23.20 at 5:36 am
—-

Where is Biden the leader at then? Why has he not left his basement. Can he win a campaign using zoom and twitter?

Trump drew 6000 people in the middle of the pandemic. Biden cant even fill a high school gymnasium. And why on earth does the democratic presidential nominee have no intention of speaking at his own confirmation convention?

Delusional doesn’t even begin to describe it.

#13 YouKnowWho on 07.23.20 at 3:41 pm

Forgive, wrong Globe and Mail link pasted on that Covid Surface Spread. But The Lancet link is correct.

Here is the correct Globe and Mail piece link on surface spread. Forgive if it’s behind paywall. I mean, why SPREAD useful key information to the masses about Covid-19, right? Put it behind a paywall! You make me proud G&M.

>
https://www.theglobeandmail.com/canada/article-the-risk-of-catching-covid-19-from-contaminated-surfaces-objects-is/

#14 DM in C on 07.23.20 at 3:53 pm

Stop pushing people to buy in NS! There’s a RE bubble there already, bidding wars, housing going the day they’re listed. We were looking at moving home because I can work remotely from anywhere (if there’s a stable fast internet connection), but those prices are getting out of reality.

NS has tons of bugs, traffic, taxes and healthcare issues, don’t look there!

#15 JB Condos are killing boxes on 07.23.20 at 3:55 pm

Well, first, germs and space. Masks, social distancing and fear. Condo life is pure stress for many people who’ve been convinced living a few inches or feet from others is life-threatening. Elevators, mail rooms, corridors, door handles, garbage chutes – the potential virus transmission points seem everywhere. Now that Covid has moved from offing octogenarians to disabling Millennials condos look like a seriously poor choice. So after a few years of ridiculous price inflation, the party’s over. Mix in the collapse of Airbnb and it’s a perfect storm.
……………………………………………………..
It is proven that high density living of any kind kills. That was part in reason why the plague in Europe killed so many. Way to many people living in close quarters.
CONDOS are not a good place for old people and yet that is what they are marketed for mostly the moisters that are going to happy acres. We have heard of many people now living with major mental issues of running the gauntlet every day just to go to work. There are mental breakdowns and anxiety issues cropping up faster than the spring dandelions. This is coming from the younger groups as most of the moisters are stuck in their petri dishes waiting for the grim reaper to come.

#16 JB on 07.23.20 at 3:57 pm

#11 cto on 07.23.20 at 3:34 pm

Great towns and mid sized cities with all amenities of T.O.
within 2.5 hrs driving distance, closer too, or in Cottage country.

Barrie,
Orilia
Collingwood
wasaga beach
Midland
Parry Sound
Bracebridge
Huntsville
Gravenhurst
Peterborough

I’v lived in a few of these towns and been to all.
Amenities galore, beautiful parks, scenery, beaches, Canadian Shield, easy life, LESS BMWs , more reality, less vanity.
Enjoy life on a sustainable budget.
……………………………………………………………….
I would consider it but my wife works at a major hospital in the city as a nurse. Not going to happen! I could work remote any time. Could not see her having to commute.

#17 To the point. on 07.23.20 at 3:59 pm

Thanks Garth. You hold up a fun-house mirror.

Besides the hard facts and your personal prejudices (hey, that’s what a blog should be), the mirror hilariously shows off the boomers, hunched over keyboards, two-finger typing, smirking at their own witticisms. They are going in on goal, going to score against that other old geezer, show him a thing or two, and then glory in their Comments column fame!

Their world view is all so predictable. It’s about luck. That’s another word for “privilege” but they will never really understand that. They just smugly ramble on. Because, dammit, they are the hardest working SOB who ever lived. Everyone else, yes, regardless of luck, are just a bunch of shirkers, whining snivelers.

Covid will never catch those commenters. They are now retired, rich and insanely proud of it. No sticky elevator buttons for them. Just the smell of dog poop moldering in their OWN backyard.

They know what today’s column is about. They always do. It’s about telling other people what they ought to know already.

I love it.

Actually the post is about non-urban real estate. Are you ok, son? Can we send you an avocado or something? – Garth

#18 YouKnowWho on 07.23.20 at 3:59 pm

#11 cto,

Can we have that list ranked according to you?

#19 JB on 07.23.20 at 3:59 pm

#10 YouKnowWho on 07.23.20 at 3:31 pm

Question:

Recently a flyer came to my door. Bijou on Bloor condo.
It said, 1381 sq/ft 3 bdrm ….from $1.7m

https://bijouonbloorcondo.ca

Magnificent building overlooking an ESSO gas station across the street, and positioned on the awkward Jane/Bloor West/South Kingsway busy noisy intersection.

I looked further into it.

If I recall correctly $0.64 per sq/ft monthly maintenance fee, plus $79 maintenance fee monthly for parking and $25 monthly maintenance fee for storage locker. Maintenance fee does not include property taxes. 1% property tax rate assumed.

Quick back of the napkin math.
$8500 monthly for mortgagte on the 1.7m purchase
$1000 for maintenance fees monthly
$1400 for property taxes monthly

About $11,000 a month to live in this 1381 sq/ft condo.

OR, I could go over to Minto High Park properties and rent a luxury 3 bdrm overlooking High Park, with 2 parking spots and a locker for under $3000 a month and have $1.7M in my pocket.

Can someone please explain to, like I’m a 5 year-old why would ANYONE pay nearly 4x more to “OWN IT” vs Rent it?

Garth, am I missing something? No Amazonian services claimed with the condo purchase in the flyer I received or on their website.
…………………………………………………………………
Don’t forget the insurance if you can get it. Insurance companies are getting out of the high-rise market as there are way too many issues and they loose money. That is why typical condo insurance rates are raising super fast.

#20 Darts on 07.23.20 at 4:03 pm

Run a software startup and can honestly work from anywhere (with internet and phone signal), that being said, I do not believe in the long term viability of work from home.

1. Short/long term- Will make it much harder on youngsters entering the workforce – Reduced mentorship – Young 20s with no experience are going to find it especially hard to find work during the pandemic

2. Longer term – Who wants to spend all day with their kids and spouses – Could regional shared office space maybe help with this?

3. If your job can be done in Peterborough or Nova Scotia it can also be done from India

#21 JB on 07.23.20 at 4:04 pm

Forgot to copy this link to my last post :)

https://www.canadianunderwriter.ca/features/condo-coverage-crisis/

#22 AJ69er on 07.23.20 at 4:06 pm

Can confirm, real estate around Collingwood is going nuts. 3 houses down the street all just sold for $900K plus (one was $1.1M+). Trying to convince my parents to sell and walk away, but with decent pensions and savings they won’t leave town.

Might be a wake up call for a lot of people leaving the city. There’s only one place open past 11 p.m. downtown (pre-covid). Hope they enjoy Moguls…..

#23 JB on 07.23.20 at 4:07 pm

This one too more costs on top of strata.

http://condoadviser.ca/2020/02/are-we-facing-a-condo-insurance-crisis/condo-law-blog-Ontario

#24 Renter on 07.23.20 at 4:15 pm

Garth sir, what’s the point of today’s post. I read it twice already. Is there some sarcasm?

#25 IHCTD9 on 07.23.20 at 4:15 pm

“Nor is this just a Canadian phenom. For months now there have been reports of a big move of folks out of NYC, Boston, Chicago and other places where life is tight, costs high and freedom curtailed.”
—- –

Yes sir, it’s really only getting started in the GTA with younger folks bailing out. Now, a new report points to ALL age groups are packing their suitcases:

https://www.ryerson.ca/content/dam/cur/BLOG/Blog46/Millennial_Mobility_Intraprovincial_Print_Friendly.pdf

Toronto has become 100% dependent on foreign immigration for its population growth.

Canada has to be one of the most beautiful countries on earth as far as the landscapes go. Blowing your life in a stinking dump concrete Metropolis in this country is insane if you are not getting absolutely filthy rich doing so.

I was looking at the local job ads, lots of 20-25.00/hr jobs available. Yes you’ll sweat doing them, but you don’t need a PHD and can start work tomorrow. Bring your squeeze and make 104k per year, and easily buy a good starter home for 350k. Buy a nice truck, a Grizzly 700 SE, a good fishing boat, and still save well for retirement

Looking around in the two local small cities near me, it is definitely happening…

#26 Cottagers STAY THE HELL AWAY! on 07.23.20 at 4:22 pm

No, don’t come to live fulltime in smaller town Ontario either.

Just stay in your condos and your SFD in Oakville. We don’t need you messing things up in our smaller, healthier and more civilized hometowns. Besides, our internet is never as good as in the GTA.

Just.

Stay.

Home.

#27 some guy on 07.23.20 at 4:25 pm

I grew up in a few small towns in Ontario and they do have their downsides.

– Racism
– Alcoholism
– Anti-intellectualism
– Lack of options in doctors and dentists

Special interest groups are harder to find and there’s less variety in recreational leagues.

Also, if you want to foster talent in a child there are not as many places to do it in a small town. Coaching and educational programs are not as prevalent as they are in populated areas.

Sweeping, and incorrect generalizations. Sorry about your childhood, though. – Garth

#28 Marco on 07.23.20 at 4:26 pm

#26
I was looking at the local job ads, lots of 20-25.00/hr jobs available
——————————————————–
Can you post lots of those jobs?
Turdonto is what it is because no jobs outside of it.

#29 S.O on 07.23.20 at 4:27 pm

I know allot off people who are waiting too buy a condo in the downtown Van area, once they become more affordable, because at the end to the day when Covid is gone, downtown is an international market while the valley is more of a local market.

#30 Golden Trudeau on 07.23.20 at 4:36 pm

How can joblessness increase, yet housing in Toronto increase yoy? It doesn’t make sense unless our Loonies are going down compared to the US dollar.

#31 Howard on 07.23.20 at 4:47 pm

I’m just here looking for Felix’s comment.

#32 kingston boy on 07.23.20 at 4:47 pm

#31 Golden Trudeau on 07.23.20 at 4:36 pm
How can joblessness increase, yet housing in Toronto increase yoy? It doesn’t make sense unless our Loonies are going down compared to the US dollar.

————————–

not everybody is out of a job

#33 Paul Wood on 07.23.20 at 4:47 pm

Hi Garth, you offered approval of our decision last year to get out of the 416 and buy a cute little bungalow in NS for $135K that had been on the market for 8 months. Best decision ever, but at the time my rational was that, if the market tanked, we could afford a 25% – 30% equity drop. Fast forward 14 months, prices have skyrocketed, average DOMs have shrunk to 14 and the town realtor is pretty much out of houses to sell. You’re right on the money – most New buyers are from Ontario who buy sight-unseen after a quick video tour (if their competing bid wins). Question – how long do you see this trend lasting?

It’s just begun. – Garth

#34 conan on 07.23.20 at 4:51 pm

That daily commute getting in and out of Toronto is a killer. I guess I could do it with a Lincoln Navigator, or similar.

#35 kingston boy on 07.23.20 at 4:56 pm

@#28 some guy on 07.23.20 at 4:25 pm
I grew up in a few small towns in Ontario and they do have their downsides.

– Racism
– Alcoholism
– Anti-intellectualism
– Lack of options in doctors and dentists

Special interest groups are harder to find and there’s less variety in recreational leagues.

Also, if you want to foster talent in a child there are not as many places to do it in a small town. Coaching and educational programs are not as prevalent as they are in populated areas.

———————————–

very true.
pros and cons no matter where you live though.

I feel for the locals. With all that money moving to their towns, house prices and rents jacked. Prince Edward County being a prime example.

#36 kappa on 07.23.20 at 4:59 pm

Covid-19 is a tricky virus. Developing a safe, effective and long-lasting vaccine for covid-19 is a going to be an incredible challenge, reputable scientist says:

https://www.williamhaseltine.com/what-does-disappearing-immunity-to-covid-19-mean-for-a-vaccine/

Let’s not fall too easily for vaccine news like Moderna’s . Moderna never produced a single vaccine before.

Too many condos in downtown Toronto? Unthinkable :) solution: resume immigration. Canada is a great destination for many on the planet and the condo builders know that.

I should not complain too much: we have it pretty good here :)

#37 Stone on 07.23.20 at 5:02 pm

#33 kingston boy on 07.23.20 at 4:47 pm
#31 Golden Trudeau on 07.23.20 at 4:36 pm
How can joblessness increase, yet housing in Toronto increase yoy? It doesn’t make sense unless our Loonies are going down compared to the US dollar.

————————–

not everybody is out of a job

———

But many are and more to come. The 2nd wave of unemployment is underway and will be made up mostly of those work from home office workers.

With continuing double digit unemployment, this is going to be a financial disaster for so many. Now is not the time to lock down on real estate and eliminate the flexibility you can have.

#38 Dolce Vita on 07.23.20 at 5:03 pm

More appropriate title for today’s Blog would be:

HOW TO BECOME A HICK

Many of your followers are already eminently qualified, for example: Sail Away.

Garth, if a large enough cohort of your FOLLOWERS do invade Evangeline: A Tale of Acadie to find Gabriel, then add to the above title:

SMUG

(the latter what I believe #18 To the point* “avocado” was trying to say, of course excl. yourself My Liege)

*I liked your “smirking at their own witticisms”…consider “chortling” next time and in your parlance: I’m just sayin’.

#39 NoName on 07.23.20 at 5:06 pm

#27 Cottagers STAY THE HELL AWAY! on 07.23.20 at 4:22 pm
No, don’t come to live fulltime in smaller town Ontario either.

Just stay in your condos and your SFD in Oakville. We don’t need you messing things up in our smaller, healthier and more civilized hometowns. Besides, our internet is never as good as in the GTA.

Just.

Stay.

Home.

elon has a fix for slow and unreliable internet already.

https://twitter.com/djulik/status/1286053695956881409

#40 Billy Buoy on 07.23.20 at 5:06 pm

Negative rates coming?

A friend who does programming for a few regional USA based banks has been busy upgrading systems for the possibility of negative interest rates…

Never say never.

#41 crowdedelevatorfartz on 07.23.20 at 5:09 pm

@#28 some guy
“I grew up in a few small towns in Ontario and they do have their downsides.

– Racism
– Alcoholism
– Anti-intellectualism
– Lack of options in doctors and dentists”
+++

Geez, sounds like Burnaby…..

#42 RyYYZ on 07.23.20 at 5:12 pm

#26 IHCTD9 on 07.23.20 at 4:15 pm
Canada has to be one of the most beautiful countries on earth as far as the landscapes go. Blowing your life in a stinking dump concrete Metropolis in this country is insane if you are not getting absolutely filthy rich doing so.
====================================
Some people actually like living in big cities. Strange, I know, but it takes all kinds.

#43 crowdedelevatorfartz on 07.23.20 at 5:13 pm

@#26 IHCTD9
“….a stinking dump concrete Metropolis ….”
++++

A perfect description of Terranna, Montreal, Etc. especially in the sweltering, humid days of summer.

#44 MF on 07.23.20 at 5:17 pm

#26 IHCTD9 on 07.23.20 at 4:15 pm

“Yes sir, it’s really only getting started in the GTA with younger folks bailing out. Now, a new report points to ALL age groups are packing their suitcases:

https://www.ryerson.ca/content/dam/cur/BLOG/Blog46/Millennial_Mobility_Intraprovincial_Print_Friendly.pdf

Toronto has become 100% dependent on foreign immigration for its population growth.

Canada has to be one of the most beautiful countries on earth as far as the landscapes go. Blowing your life in a stinking dump concrete Metropolis in this country is insane if you are not getting absolutely filthy rich doing so.”

-What’s really getting started? A few people who can’t afford a house leaving because they have no choice? That’s nothing new. If they were making millions, and had the choice, they would stay. Just look at all the athletes and ultra wealthy. Where do they choose to live? That’s right…in Toronto.

By the way, in 2019, Torono beat out all other cities in North America in population growth. This will continue. The fact it’s driven by immigrants is a positive, not a negative, and a moot point to be honest. The city is thriving.

https://www.thestar.com/news/city_hall/2020/06/11/gta-population-growth-topped-canadian-and-american-cities-in-2019.html

MF

#45 Brian Ripley on 07.23.20 at 5:18 pm

There are whole regions of the country where houses are affordable, services abundant and the geography stunning. Garth

And so here is my annual Demographia list of the most affordable housing cities in Canada:

http://www.chpc.biz/demographia.html#Rank

There are lots of great Canadian cities up for grabs.

#46 Dolce Vita on 07.23.20 at 5:18 pm

#42 crowdedelevatorfartz

You haven’t been to New West have you?

It makes Burnaby look like Shangri La.

#47 Felix on 07.23.20 at 5:19 pm

Notice who’s wisely in control in today’s photo?

That’s cats, guiding humans to safe and intelligent decisions.

Whereas a dogawful mutt would be pulling at the leash, to drag you into traffic right to your death.

#48 Damifino on 07.23.20 at 5:19 pm

#10 YouKnowWho

Can someone please explain to, like I’m a 5 year-old why would ANYONE pay nearly 4x more to “OWN IT” vs Rent it?
—————————-

Sure I’ll give it a go…

‘Cause renting’s for losers, eh?

#49 Westcdn on 07.23.20 at 5:21 pm

Here I go, off topic again. I think enjoying common life is important. I watched my mother bake bread. She would pound it and kneed it for hours then throw it into an iron clad monster that lived in the middle of our kitchen and serviced as our furnace too. It was fed by a diesel tank outside.

At first, she would throw it into the chuck off the porch as not being good enough. That would attract gulls. Then she thought she would sharpen her hunting skills. I watched splashed around the gulls from the 22 shorts she was using.

Persistence does pay as one day she killed one. She got me to go fetch it – then waited for my father to get home. She ran out to display the gull to him. He said bury that thing as a don’t want authorities to send me to prison less a day.

My father did not like anyone pissing on his ground but he had admiral skills. I am like him, more than I want to admit…

I had to laugh with the guy who ground flour to make noodles. Don’t worry, there are plenty more I don’t have time to mention.

#50 AM in MN on 07.23.20 at 5:24 pm

Downtown Vancouver and close in suburbs will always have appeal. Buy and hold and you’ll be fine investment wise, assuming it’s your home and not an investment property.

There are very few places like it in the world. Sailing and skiing on the same day is not an easy find. Many retired people choose it, like my folks who sold their SFH for a pile and now love the city and don’t need a car.

For work, lot’s of construction work all over BC if you want work near cheaper housing, and always will be, but the restaurant selection is much more limited.

When life returns to normal, and it will, being close to a big airport is very convenient for many people who can largely work from home, so that’s a big factor for many, and YVR is on the coast, not out in the burbs. Very convenient from downtown. If there’s an exodus from HK, downtown Van will be ground zero!

#51 Lambchop on 07.23.20 at 5:24 pm

#39 Dolce Vita on 07.23.20 at 5:03 pm
More appropriate title for today’s Blog would be:

HOW TO BECOME A HICK
(Insult to anyone who doesn’t live in a city)

Many of your followers are already eminently qualified, for example: Sail Away.
(Specific insult to a fellow reader)

Garth, if a large enough cohort of your FOLLOWERS do invade Evangeline: A Tale of Acadie to find Gabriel, then add to the above title:

SMUG
(more insults)

(the latter what I believe #18 To the point* “avocado” was trying to say, of course excl. yourself My Liege)

( insult and suckup)

*I liked your “smirking at their own witticisms”…consider “chortling” next time and in your parlance: I’m just sayin
(write your own blog if you feel you can do better)

_______________

You’re insufferable.

#52 Capt. Serious on 07.23.20 at 5:25 pm

This is great for established employees and a disaster for those getting started. You are not going to learn everything by writing emails and joining zoom calls. Good luck getting noticed when. There will have to be some happy medium reached. For now the pendulum is swinging one way.

#53 under the radar on 07.23.20 at 5:26 pm

After years of looking we bought a country home on 50 acres in Mono on Sunday. The views are magnificent , lots of pasture and managed forest. and no neigbours. Hard to leave once your there. Who needs the 416.
Thanks Covid.

#54 Handsome Ned on 07.23.20 at 5:26 pm

Saw Bryan Ferry this Sept. in Vancouver and he trotted out this old Roxy Music gem, ” In every dream Home a Heartache.”

In every dream home a heartache
And every step I take, takes me closer to heaven
Is there a heaven? I like to think so
Standards of living, they’re rising daily
But home oh sweet home is only a saying
From bell push to faucet in small town apartment
The cottage is pretty, the main house a palace
Penthouse perfection, but what goes on there
What to do there, better pray there
Open plan living, bungalo ranch style
All of its comforts seem so essential.

I will omit the rest of the lyrics for the sake of sensitive readers.

#55 the Jaguar on 07.23.20 at 5:30 pm

Tuxedo cat. Higher IQ and generally a silkier coat. Likes the view, and let’s admit it….who doesn’t?

-“And why on earth does the democratic presidential nominee have no intention of speaking at his own confirmation convention?” —Because the Democratic Party actually thinks by keeping Biden out of the public eye it will increase their chances of a successful outcome in November. In other words, underestimating the intelligence of the american people to see through that tactic. Strap yourself in for blowback.

-‘Maybe good for the CDN oil patch to keep them on a life line a bit longer, but bad for the planet unless EVs take over.’ — Right. All 7,104 lithium batteries in that average Tesla were made with lithium mined using Diesel fuel. Transported using Diesel fuel. All manufacturing components made using petroleum products. Oh, and then there’s the ugliness left behind extracting all that lithium…’The lithium extraction process lowers the groundwater level in the desert region which contributes to desertification’, etc, etc.
Maybe time to get ‘WOKE’ on the issue.

As for the ‘flight’ from big cities, it was already happening for multiple reasons before Covid, perhaps not at the same velocity. As usual, many doing so have not weighed the full consequences of their actions as they apply to future issues once the pandemic is over.
Oh me. One worries and wonders at the actions of others, but must content oneself by staying the course.

#56 H.D. Knucklehead on 07.23.20 at 5:31 pm

Working from home is just a fad….

https://flip.it/aeG.v2

#57 SeeB on 07.23.20 at 5:34 pm

#31 Golden Trudeau on 07.23.20 at 4:36 pm

How can joblessness increase, yet housing in Toronto increase yoy? It doesn’t make sense unless our Loonies are going down compared to the US dollar.

——————————————————-

You also need to factor in the pre-sales and other projects that were already approved and financed years ago. They will still come online regardless of how the current prices and inventory change.

#58 Bobby Bittman on 07.23.20 at 5:35 pm

After livability declines in their own cities the equity locusts then move away from the mess they made to price out the locals in small towns. Doesn’t sound like a great deal for residents who already live there.

“Stay the hell away” is not going to be happy with today’s post.

#59 Doug t on 07.23.20 at 5:38 pm

My brother lives in Welland and has for decades – he is frothing at the mouth when he hears about (and sees) people from GTA moving into the smaller urban towns of Ontario. They bring their GTA attitudes and mindset with them and spoil the atmosphere- plus they have zero appreciation for the surrounding environment and habitats of nature’s creatures. Developments (for decades) have destroyed marshlands, important water ways, habitats and devastated natural habitats for many species –

#60 Millennial 1%er on 07.23.20 at 5:40 pm

From people renting cottages for staycations this year, to remote workers literally moving to a beautiful waterfront property that costs less than a 500 sqft shitbox in Toronto, covid’s really been nice to waterfront owners.

#61 Chasicakes on 07.23.20 at 5:43 pm

I grew up in a small city in Eastern Ontario. In my generation, if you were smart or had looks you would leave due to the lack of opportunity. I guess this could change with this new paradigm shift.

#62 Sail Away on 07.23.20 at 5:46 pm

An important question for cowboys today is which company will secure Tesla’s giant nickel contract?

I’m thinking BHP and Vale are front-runners.

#63 Paddy on 07.23.20 at 5:49 pm

The market in Halifax is going nuts, never thought I would see this sort of thing happening, houses in a $250k neighbourhood are going for $300k-$330k..I know it’s not a mind boggling amount of money compared to the GTA/LM scene but its nuts for sleepy ol’ Nova Scotia…….hence we are selling…hopefully a bidding war ensues…does that make me greedy???

#64 Josh on 07.23.20 at 5:50 pm

All I’m seeing is condo bidding wars in 416 and houses selling much higher than before. Barrie new townhouses sold in day 1. To me it’s on fire everywhere. 416 and 905. Not sure what you’re seeing Garth but I was outbid on 3 condos at Wilson heights this week near Yorkdale mall toronto. $565K 1 bedder.

#65 Asterix1 on 07.23.20 at 5:50 pm

Daycare is #1 priority when it comes to working from home.

Without it, it’s impossible to get anything done correctly!

For those buying in suburbs of GTA. Be carful, prices were already inflated vs the core. Not much of a deal between core and burbs. GTA is one of the worst in the world for that (no real suburb discount). A true bubble!

#66 FreeBird on 07.23.20 at 5:54 pm

Peterborough and surrounding areas are def a hive of activity. We get busy during summer which is great for local business but have a strong base of year round perm residents. With the 407 extension it’s about 1.5-2hr trip to DT Toronto. We’re a fairly mixed and open culture with great takeout, bakeries and weekend market. Cottagers welcome…we don’t bite from fear.

#67 S.Bby on 07.23.20 at 5:55 pm

So if someone works remotely and they lose that one job then what do they do? Getting another remote job might be difficult.

#68 IHCTD9 on 07.23.20 at 5:56 pm

#28 some guy on 07.23.20 at 4:25 pm
I grew up in a few small towns in Ontario and they do have their downsides.

– Racism
– Alcoholism
– Anti-intellectualism
– Lack of options in doctors and dentists

Special interest groups are harder to find and there’s less variety in recreational leagues.

Also, if you want to foster talent in a child there are not as many places to do it in a small town. Coaching and educational programs are not as prevalent as they are in populated areas.
——-

Must have been a long time ago. My riding votes Liberal almost every time. Both local small cities have full blown Hospitals, one of which is 50% brand new. Brand new schools all over too. In fact, the city where I work, the Police and Fire stations are brand new, City Hall is less than 20 years old, and even the public works got a new building. We have TOO MANY Dentists out here.

As far as racism goes, do a little research. Small centres have much higher interracial marriage rates than metros do, and alcoholism/drugs/homelessness is there, but very little. We wouldn’t have piles of retiring boomers piling in if we had a Seattle style drug culture camping out on the main drag.

As far as education goes, I’ll give you that. Big cities have the big universities.

#69 S.Bby on 07.23.20 at 5:57 pm

My criteria for a remote working location is how close is the local Costco?

#70 Democracy Is Mob Rule on 07.23.20 at 5:59 pm

#21 Darts on 07.23.20 at 4:03 pm
I do not believe in the long term viability of work from home.

1. Short/long term- Will make it much harder on youngsters entering the workforce – Reduced mentorship – Young 20s with no experience are going to find it especially hard to find work during the pandemic
—————————————————————
The lack of mentorship for new employees will be a big problem eventually. Switching to work from home only works for experienced long term employees. What will they do now? Tell the new employees to go home and figure it out for themselves? Depending on the job, it can takes years to properly train someone new.

#71 YVR Renter on 07.23.20 at 6:01 pm

#28 Some Guy,
Hey! Where did you live? We lived in Kelowna in the 90’s, then a small, quiet city, before the oil boom brought all the baller idiots. Great place to foster talent — our daughter’s opera teacher and opera coach both from worldwide successful careers, incredible talent nurtureres. They had dozens of kids go on to The Juilliard, Manhattan, Berkley, Curtis, you name it, and to successful global careers.

Side note – JT’s CERB is working well. Hubby took Monday off a vacation day, but a work day, and the beach parking lots here in Van were packed! Not a spot to be found. Not as bad as Sunday, when the mils were shoulder to shoulder Coviding on Kits Beach.

#72 IHCTD9 on 07.23.20 at 6:04 pm

#29 Marco on 07.23.20 at 4:26 pm
#26
I was looking at the local job ads, lots of 20-25.00/hr jobs available
——————————————————–

Can you post lots of those jobs?
Turdonto is what it is because no jobs outside of it.
—- – – —-

Dude, 20.00/hr is only 6.00 over minimum wage – is that so hard to believe? Hop on indeed and google up Peterborough, Kingston, Bowmanville, Port Hope etc… all kinds of jobs pay that much.

Toronto median household incomes indicate only a small fraction make the big bucks. My hick backwater have MHI’s within 10 grand of Toronto, and half our bloody population is retired!

#73 crowdedelevatorfartz on 07.23.20 at 6:06 pm

@#18 To The Point
“…the mirror hilariously shows off the boomers, hunched over keyboards, two-finger typing, smirking at their own witticisms….”

As a non boomer.
You’re just jealous you dont qualify for one of these….yet

https://www.youtube.com/watch?v=atF7QXMleRQ

Apologies for my smirk.

#74 Dave on 07.23.20 at 6:07 pm

Sure those places are more affordable, but then you hae to live there. There are so many more amenities in a big city. That’s why it is so cheap to move to a place where you can’t find a decent restaurant, have to jump in your car to buy a loaf of bread, watch too much TV because you are isolated, etc.

#75 CalgaryCarGuy on 07.23.20 at 6:08 pm

I took note tonight of several comments regarding internet connection. This is a bigger deal than I think some people realize. I live on a property that is only a 20 minute drive west of the Calgary city limits. It is a wooded property and there is no cable here. I am in the middle area between two cell towers. I use a smart hub provided by Telus even though they say it shouldn’t work here. I have a 1 bar signal and my phone drops calls all the time. The internet is just as bad and is as slow as molasses. I reboot that smart hub multiple times in a day and if the weather is bad enough I lose internet altogether. Yes, I know I could get a booster that would probably help but they are quite expensive every time I check. Like 6 or 7 hundred dollars. I asked Telus if they would supply a booster and they won’t. Even if I had a booster I question how fast the connection would be compared to high speed in the city. Since I don’t rely on internet for work I just put up with it. I certainly don’t have the ability to stream anything. It’s definitely something to check into for anyone looking at a rural location.

#76 baloney Sandwitch on 07.23.20 at 6:10 pm

You are seeing Upper middle class white flight to the ex-burbs.

#77 Toronto_CA on 07.23.20 at 6:13 pm

I have been renting a 2 bed 2 bath flat about 10 minute walk to work in the City in London (UK) – it has air con, open plan kitchen/living room, and is in a great building and below market rent but stupid expensive due to location.

I have always strongly believed making your commute as short as possible is one of the best things you can spend money on in life. But Covid has absolutely rendered this life mantra useless now that commuting is going away.

I just bought a 4 story house with views of the ocean a 55-minute train ride into London Bridge. I have 4 bedrooms, 4 bathrooms, a huge garden and I can walk to the beach in about 5 minutes.

Probably the worst time in history to buy as prices will inevitably plummet in 2021 and 2022, but I put 20% down, am well within Garth’s rule of 90, and I can easily see myself living in this house for 20 years we love it so much. The monthly mortgage payment at 1.74% fixed is less than my monthly rent, and below 20% of our take home pay.

Honestly the best thing to come from covid; my wedding was cancelled and refunded and I’ve been able to put all the money to house downpayment instead.

#78 FreeBird on 07.23.20 at 6:13 pm

#17 JB on 07.23.20 at 3:57 pm
#11 cto on 07.23.20 at 3:34 pm

Great towns and mid sized cities with all amenities of T.O.
within 2.5 hrs driving distance, closer too, or in Cottage country.
———————
Agreed they’re great areas. Most on list are towns but Barrie and Peterborough are cities. Populations are ~136,000 and ~131,283 as of 2019 much higher then avg for other smaller areas you listed but still nice. Pbo and Barrie both have amenities and services of larger cities but close enough to Toronto if needed. Pbo incl city and surrounding townships.

#79 IHCTD9 on 07.23.20 at 6:16 pm

#43 RyYYZ on 07.23.20 at 5:12 pm
#26 IHCTD9 on 07.23.20 at 4:15 pm
Canada has to be one of the most beautiful countries on earth as far as the landscapes go. Blowing your life in a stinking dump concrete Metropolis in this country is insane if you are not getting absolutely filthy rich doing so.
====================================

Some people actually like living in big cities. Strange, I know, but it takes all kinds.
———

They would likely be those who are winning by living in a metro. They bought a house when they were 300k. They have a household income of 250k or more. They are able to save for retirement, and still have a nice chunk to blow on top at the end of the month.

Maybe 10% of the population? What about the rest of them?

IMHO, Toronto is the least happy city in Canada for good reason. Among these sad Torontonians, the least happy slice of them are the youth.

https://torontostoreys.com/unhappy-toronto/

It seems to me that the vast majority of Toronto dwellers are not liking living in the city too much at all.

#80 IHCTD9 on 07.23.20 at 6:22 pm

#44 crowdedelevatorfartz on 07.23.20 at 5:13 pm
@#26 IHCTD9
“….a stinking dump concrete Metropolis ….”
++++

A perfect description of Terranna, Montreal, Etc. especially in the sweltering, humid days of summer.
— –

Nothing like the pleasant intertwined aromas of raw sewage, and weed to put a spring in ones’ step…

#81 Nonplused on 07.23.20 at 6:23 pm

My neighbor’s house finally sold. Mind you he is on 2 acres about one mile from the city limit. Good roads too you can get downtown in 25 minutes or 45 during rush hour. Not that there is any reason to go to downtown Calgary anymore. They were shutting that place down long before covid.

Calgary is absolutely surrounded by 2-4 acre lots many of which can be had for less than a million with house, much less if you are willing to drive an extra 10-15 minutes. That is still a lot of coin but when you consider that a 1200 ft bungalow 10 minutes closer to downtown goes for $500,000 the value proposition seems compelling if you can afford it. Of course there are mansions that go for over 2 million available as well but there are places in Mount Royal and Bellair that are just as much. It all depends what you want. So far this area has been a much better place to spend the lockdown than anything in town. People are out walking their dogs, jogging, the kids are shooting bows and air guns, and folks gather in the driveway for social distancing visits with their neighbors after work. But you need a tractor.

So I say if you can afforded it and work allows, get the heck out of the city. Covid will pass but things are just better out here. Want a sports court in your back yard? Go crazy (but your driveway is probably big enough already). Trampoline? Inflatable pool? Tree fort? Park you RV? Fly your drone? Lots of room. If you are crazy enough to own a horse you can do that too.

#82 Smartalox on 07.23.20 at 6:24 pm

After 17 years in YVR, with 14 of those renting, we’re about ready to chuck in the towel and begin working remotely, in a location where one can buy twice the house for half the money, be closer to family members, and STILL only be 90 minutes away from the office on the off chance that I attend a work function in person.

It’ll be nice that those small-town centers haven’t demolished all the main-street businesses. I imagine that there are lots of storefronts and restaurants available for inexpensive terms, and without the bother of ‘triple net’ leases.

Of course, as the populations of these towns swell, they’ll need mechanics, and builders, and plumbers, and IT repair people, and all sorts of other independent contractors who could never compete in big cities, but who could easily dominate in smaller markets.

One unintended consequence, however: all those so-called safe ‘conservative’ rural ridings may, with enough out-migration, become progressive hot-spots.

In a rural riding, a few hundred progressive votes transplanted might have a significant impact!

#83 ain't life rand on 07.23.20 at 6:27 pm

@#54 under the radar on 07.23.20 at 5:26 pm
After years of looking we bought a country home on 50 acres in Mono on Sunday. The views are magnificent , lots of pasture and managed forest. and no neigbours. Hard to leave once your there. Who needs the 416.
Thanks Covid.

/////////

you must have paid a pretty penny for that chunk of land. I recently bought a 2 acre property surrounded by thousands of acres of crown land.
enjoy being by yourself.

#84 Sail Away on 07.23.20 at 6:28 pm

#51 AM in MN on 07.23.20 at 5:24 pm

Downtown Vancouver and close in suburbs will always have appeal. Buy and hold and you’ll be fine investment wise, assuming it’s your home and not an investment property.

—————–

Man, if only I’d snapped up some of those appealing Van downtown East Side properties 20 years ago!

It’d be easy street all the way today. Amirite Fartz?

#85 dr talc on 07.23.20 at 6:31 pm

Leave 416? It’s a one way ticket.

#86 Ponzius Pilatus on 07.23.20 at 6:31 pm

#44 crowdedelevatorfartz on 07.23.20 at 5:13 pm
@#26 IHCTD9
“….a stinking dump concrete Metropolis ….”
++++

A perfect description of Terranna, Montreal, Etc. especially in the sweltering, humid days of summer.
———–
I’m lucky I lived in The Best Place on Earth, Vienna.
And now I live in the 4th best, Vancouver.
Can’t complain.

#87 Gravy Train on 07.23.20 at 6:32 pm

#25 Renter on 07.23.20 at 4:15 pm
“Garth sir, what’s the point of today’s post. I read it twice already.[…]” He was explaining that you should get value for money when buying real estate. Duh! Now that you get it, maybe you can explain it to the ‘übergenius’ CEF.

#88 Bilious Festeroni on 07.23.20 at 6:32 pm

Can confirm. I’ve been working from home in a small town within striking distance of a major urban centre for 5 years now. It’s interesting that it took a pandemic to accelerate what just seems like common sense. If you’re lucky enough to have a transferable job, either in the trades, or are an ‘info worker’, it’s definitely feasible.

PROS:
– You see way more of your family, no commute means more time for exercise, building things, contributing to your community.
– Lower childcare expenses
– Less of a requirement for both parents to pin it full-time at work (see above points – they’re related)
– Way lower housing costs
– Fewer people (a pro for me, anyway)
– Yes, there is generally a lower diversity in people’s backgrounds, but fewer people also means that it’s harder to insulate yourself from perspectives that differ from your own. I think that more exposure of those from the city to rural viewpoints can only be positive.
– You will definitely save more, unless you blow it all on boats, bikes and cedar sided saunas.
– If you’re motivated, your overall efficiency at work will go up. I clock my time in 15-min increments, and productivity went up 18% for me.
– More flexibility. Do pushups during the conference call in the 15-minutes that you don’t have to talk. Pick your kids up, etc.
– Your kids will be constantly dirty, fit, curious and own multiple sharp objects by the time they’re 6. They will also know how to use them. They will think sleeping on the ground with nothing is awesome.

CONS:
– It does get lonely, especially during hibernation season.
– You have to be willing to drive/fly for meetings on a days notice. This is where having a partner with a part-time/flexible schedule comes into play if you have kids. Seeing a pattern?
– It can be harder to get a point across when you can’t read the room, and are on a Teams call of 35 when you’re trying to iron something prickly out.
– Work and home life are inseparable. You’ll work until midnight to make up for the time spent picking your kids up. Conference calls will be interrupted by requests for milk, wrestling matches, etc. You’ll wake up at 5am to work. Of course, that can happen anywhere.
– You’ll probably fly more – my carbon footprint went from riding a bike to work to 60 short haul flights/year. Definitely not ideal.

That’s the short summary. If you choose to move to a small town – don’t brag about how much you sold your house in the city for. Your neighbour’s property taxes are increasing, and they probably aren’t rocking a professional gig like you are. Realize that people without a graduate degree know many useful things that you may not, even if their language isn’t lifted from the pages of The Atlantic. Be cool with eating game meat. And volunteer.

#89 ain't life rand on 07.23.20 at 6:35 pm

@#65 Josh on 07.23.20 at 5:50 pm
All I’m seeing is condo bidding wars in 416 and houses selling much higher than before. Barrie new townhouses sold in day 1. To me it’s on fire everywhere. 416 and 905. Not sure what you’re seeing Garth but I was outbid on 3 condos at Wilson heights this week near Yorkdale mall toronto. $565K 1 bedder.
______________________________________

some parts of Toronto proper are up 25% YOY.
madness.

#90 canadaland on 07.23.20 at 6:36 pm

Just what the people of the Kawartha’s need…

Peterborough, how can I describe it kindly, a dump?

Locals on cerb-cation, addicts all over. Kawartha’s, 90% of it looks like the savage lands from “brave new world”. pickups, radio’s blasting, and not a book in sight. Sail away’s dream. lol

#91 Garth's Son Drake on 07.23.20 at 6:37 pm

I got two cell phones, one I need to charge.

Dr. Bonnie Henry’s reupation is on the line as BC Covid cases sky rocket.

They just announced the are limiting the amount of airbnb guests per property.

Covid has exposed everything and AirBnB is was still selling out in Kelowna, until well, basically everyone caught rona. There is so much of it going around town now that they are changing the name of it to Korowna.

I guess the Gyro beach $1200 a night place will have to reduce to only $600 per night. And you wonder why BC real estate is so expensive…

You can’t even get a place for under $200 a night in the Kootenays. This is why the Cyber Truck is outfitted to sleep in and carry my own food.

#92 Don Guillermo on 07.23.20 at 6:39 pm

#56 the Jaguar on 07.23.20 at 5:30 pm

As usual, many doing so have not weighed the full consequences of their actions as they apply to future issues once the pandemic is over.
Oh me. One worries and wonders at the actions of others, but must content oneself by staying the course.
*************************************

You know what they about most people who buy acreages … 2nd happiest day of their life.

#93 Sail Away on 07.23.20 at 6:41 pm

#52 Lambchop on 07.23.20 at 5:24 pm
#39 Dolce Vita on 07.23.20 at 5:03 pm
More appropriate title for today’s Blog would be:

HOW TO BECOME A HICK
(Insult to anyone who doesn’t live in a city)

Many of your followers are already eminently qualified, for example: Sail Away.
(Specific insult to a fellow reader)

————-

Thanks LC, but I took no offense.

As a native hick, I cultivate skills, self-reliance and competence. More refined fops seem to concentrate on behaviour and mannerisms.

If Dolce thinks hicks are smug now, just wait until the chips are down.

#94 Lock up Gen Z on 07.23.20 at 6:44 pm

Out of control super spreaders. I demand all businesses to boycott this selfish party animal generation.

Lock them up! Lock them up! Lock them up!

The stats are in. Almost all new cases are 20-30 year olds throwing caution at the wind.

Lock them up! Lock them up!…Keep the chant going.

#95 Sprawl on 07.23.20 at 6:46 pm

Sounds like a good time, for the federal government to protect agricultural lands. Make Canada Land Inventory Classes 1 to 5, supporting watersheds and woodlands, protected for national food security. Most surveys done in the 1940s & 50s. Of course there’s the obvious anthropogenic solution, mitigate population growth. More urban sprawl is a terrible outcome from all this mess.

#96 Ponzius Pilatus on 07.23.20 at 6:46 pm

#185 Faron on 07.22.20 at 7:46 pm
#184 Sail Away on 07.22.20 at 4:31 pm

Blinded by bias, F?

Well, sharp enough to parlay fartzie who strikes me as fairly clever and to recognize within a few days here that Bytor is an easily picked apart buffoon which I think is objectively clear.

But, I’ll give you that my bias is almost inescapable as is true for almost everyone. We all have an umwelt (that’s for you Ponzie; one of those great German words that has no translation) and parting from it requires transcendence that many can’t achieve.

While I have you, sincere congratulations on your TSLA stoicism BTW. Results transcended analysts’ bias…
———-
Another great German word is “Weltanschauung”.
Keep up the good fight.

#97 Nonplused on 07.23.20 at 6:47 pm

#9 Faron on 07.23.20 at 3:26 pm
“And gotta get the skiing before climate change makes powder a joyous but distant memory.”

Sunshine is still open until early June (well not this year). And they don’t have snow making equipment. Louise still closes due to lack of interest not lack of snow. Resorts like Fernie and Nakiska have always closed due to lack of snow at the base but the dates haven’t changed. Nakiska has always relied on snow making (what a stupid place to put a ski resort – your government at work) but once every 4 years or so they get a sick spring dump and that doesn’t appear to have changed.

Maybe a climate catastrophe is coming but so far it seems like nothing changed at all.

#98 JSK on 07.23.20 at 6:52 pm

#23 Tell your parents to forget pensions. Tax code will collapse and bring everything else down along with it. Pensions will be worthless.

#99 IHCTD9 on 07.23.20 at 6:55 pm

#45 MF on 07.23.20 at 5:17 pm

What’s really getting started? A few people who can’t afford a house leaving because they have no choice? That’s nothing new. If they were making millions, and had the choice, they would stay. Just look at all the athletes and ultra wealthy. Where do they choose to live? That’s right…in Toronto.

By the way, in 2019, Torono beat out all other cities in North America in population growth. This will continue. The fact it’s driven by immigrants is a positive, not a negative, and a moot point to be honest. The city is thriving.

https://www.thestar.com/news/city_hall/2020/06/11/gta-population-growth-topped-canadian-and-american-cities-in-2019.html

MF
——-

The trend of domestic Torontonians bailing out has just started. Over 300% increase in the last SC reporting period – mostly of your generation too.

I agree, Toronto is probably a great place if you’re rich. If you’re not, it sucks.

Yes the Toronto population is booming thanks to foreign immigration, the only folks willing to live there. This is indeed a positive, because if it were not for these good folks, Toronto would be **shrinking**.

I hate to point this out again, but Toronto is the least happiest city in the entire country. Your generation (once more), is the least happiest. Toronto loses more of its Citizenry to other regions than any other city in Canada. The RE prices suck. The traffic sucks. The Leafs suck.

If you call that thriving, I must be living in Valhalla…

#100 Nonplused on 07.23.20 at 7:01 pm

#46 Brian Ripley

Thanks for that table. It nicely explains why everyone in Red Deer has an RV, quad, skidoo, and a boat.

#101 KNOW IT ALL on 07.23.20 at 7:05 pm

And one day we’ll ask ourselves ……..

All this worry and fuss over money, houses, cars, and stuff for what?

The next virus that hits humanity (and its coming) we’ll be far worse than COVID.

#102 Drinking on 07.23.20 at 7:05 pm

Well, at least we get to see a picture of Felix with that stupid cat on his head!

#103 IHCTD9 on 07.23.20 at 7:06 pm

#77 baloney Sandwitch on 07.23.20 at 6:10 pm
You are seeing Upper middle class white flight to the ex-burbs.
——

True, but in my area, there are a lot of Indians moving in too. I noticed this happening over the last 3-4 years.

They’re actually doing what I preach here. Move the family to small town Ontario, the whole family gets minimum wage jobs (4-5 per household), and boom – they are living well just like that. They all share a house and a couple vehicles and combine their incomes.

Can’t lose!

#104 Yukon Elvis on 07.23.20 at 7:07 pm

#10 YouKnowWho on 07.23.20 at 3:31 pm

Can someone please explain to, like I’m a 5 year-old why would ANYONE pay nearly 4x more to “OWN IT” vs Rent it?
……………………………

Cuz one day you will own it and you won’t have to pay rent or get evicted in your old age. You might even make a tax free buck on it.

#105 CalgaryCarGuy on 07.23.20 at 7:14 pm

Re #89 by Bilious Festeroni

Thanks for such a great post…a good read. Posts like yours are one of the reasons I keep coming here.

#106 crowdedelevatorfartz on 07.23.20 at 7:15 pm

@#47 Dolce Vita
“You haven’t been to New West have you?
It makes Burnaby look like Shangri La.
“”””

Ahahhaha.
And then there’s never having to say you’re…….Surrey.

#107 IHCTD9 on 07.23.20 at 7:20 pm

#91 canadaland on 07.23.20 at 6:36 pm
Just what the people of the Kawartha’s need…

Peterborough, how can I describe it kindly, a dump?

Locals on cerb-cation, addicts all over. Kawartha’s, 90% of it looks like the savage lands from “brave new world”. pickups, radio’s blasting, and not a book in sight. Sail away’s dream. lol
——-

Peterborough will never shake itself free of its hellraisers lol! I am within radio range of P and used to listen to the Wolf 101.5. The local news was comedy minute! Police show up to a brawl at a bar, and two of the drunk combatants jump in the Police cruiser and take off lol! Bar fights galore, shenanigans every week!

I used to do some bar hopping with a few dudes from Keene. Never a dull moment! You needed a mean right hook and the ability to dodge flying drunks being tossed out onto the sidewalk as you walked past the bars.

Good times haha!

#108 Flop... on 07.23.20 at 7:24 pm

#83 Smartalox on 07.23.20 at 6:24 pm
/////////////////

Hey Smartie, you still house hunting?

I’ll try and keep you in our neighborhood.

I wrote you about six weeks ago to point out this listing in Vancouver.

They had it on for 1.06, I thought to get a bit of a bidding war going, but it has just been relisted for the magic 999k.

Looks dated, but solid.

Death trap back steps could be interesting after a few hop pops on a Friday night…

M46BC

https://www.zolo.ca/vancouver-real-estate/430-east-58th-avenue

#109 crowdedelevatorfartz on 07.23.20 at 7:24 pm

@#50 Westcdn
“Don’t worry, there are plenty more I don’t have time to mention.”
++++

That whistling sound you hear isnt the wind…..it’s a collective sigh of relief….

#110 Sail Away on 07.23.20 at 7:25 pm

#45 MF on 07.23.20 at 5:17 pm

Just look at all the athletes and ultra wealthy. Where do they choose to live? That’s right…in Toronto.

—————-

You mean, like, members of the Toronto Maple Leafs and the Toronto Raptors and the Toronto Blue Jays?

Now that you mention it, it is funny they don’t live in Punkeydoodles Corners or Crotch Lake instead of Toronto.

Why is that?

If only there was some clue… somewhere…

#111 Do we have all the facts on 07.23.20 at 7:26 pm

Once again I must remind contributors to this blog that there are a limited number of qualified purchasers in Canada who do not already own a home.

Historically 50% of all home sales across Canada are made by first time home buyers and based on the average household income of potential first time home buyers average house prices will have to be reduced at some point in the near future.

Think about what the supposed flight from larger urban areas actually means in the long run. Who will pay current prices to live in these supposedly undesirable cities. First you have to sell your house to move to a more desirable, and less expensive destination. The majority of potential first time home buyers in Canada will have trouble qualifying for a mortgage of more than $450,000 and have less than $50,000 saved for a down payment.

The current flurry of activity involves the sale of quality properties to purchasers that are looking to upgrade while interest rates are low. Once the upgrading chain starts bumping up against the limited incomes of first time home buyers the market will slow down and prices will be adjusted.

Once again 50% of the 400 to 450,000 home sales in Canada in 2020 are predicted to involve a first time home buyer.

Pay close attention to this metric if unemployment rates stay above 8.0%. Mr. Giveaway will have a hard time finding a way for 200 to 225,000 households to qualify for their first home if many remain unemployed,
underemployed or just plain gun shy.

On one hand CERB, and mortgage and rental deferrals must be continued for humanitarian reasons while on the other hand many Canadians remain confident that 200,000 households will have sufficient income and savings to purchase their first home in 2020.

At some point reality will is bound to curb today’s enthusiasm.

Ble

the

#112 kingston boy on 07.23.20 at 7:27 pm

#100 IHCTD9 on 07.23.20 at 6:55 pm

Toronto loses more of its Citizenry to other regions than any other city in Canada. The RE prices suck. The traffic sucks. The Leafs suck.
——————————–

I knew it. you’re the 50 YEARS OF LEAFS….. guy.
You the STAY AWAY guy as well.

#113 Millennial Realist on 07.23.20 at 7:34 pm

Garth is correct, and I know many of my generation already moving into smaller towns and rural areas.

Do people appreciate how dramatically this will hasten the demise of Paleo-Conservatives?

Smaller population towns and rural ridings will no longer be painted automatically blue. New arrivals from the cities will not be voting for people like Scheer or Harper or Ford. No way.

The entire country will be voting NDP, Liberal and Green and anything besides Conservative very soon.

This will be a change multiplier effect. Get ready for it.

As a wise blogger said:

“Thanks, Covid. After all the crap you’ve thrown into our lives, there had to be something of value.”

National change is coming. Big time.

Get ready for it.

Or be run over by it.

#114 Yukon Elvis on 07.23.20 at 7:35 pm

Central Okanagan real estate market:

June posted a healthy number of sales at 517 which equates to 8% higher than June 2019 and a whopping 66% increase over May. It should be also noted that Residential homes saw its best month since 2017.
Listing inventory remains well-stocked in the Condo segment but buyers are finding conditions more challenging in housing and townhouse segments where the lower price points are seeing multiple offers on well-priced new listings that hit the market.
Average Single-Family Housing price jumps up to $748,000 for June and sits around $730,000 year to date realizing 4-5% appreciation from last year this time. Townhouses are sharing a similar appreciation at 3%, while condos are potentially impacted by the construction boom in new builds and insurance premiums.
How is the luxury market fairing? June realized 29 sales over $1m down slightly from 35 last June however year to date sales are up +25%.
The numbers all point to a positive recovery in the Okanagan. I am cautiously optimistic that we will weather the storm well as more and more people will relocate to our beautiful valley.

#115 IHCTD9 on 07.23.20 at 7:35 pm

#112 kingston boy on 07.23.20 at 7:27 pm
#100 IHCTD9 on 07.23.20 at 6:55 pm

Toronto loses more of its Citizenry to other regions than any other city in Canada. The RE prices suck. The traffic sucks. The Leafs suck.
——————————–

I knew it. you’re the 50 YEARS OF LEAFS….. guy.
You the STAY AWAY guy as well.
——

HaHa, no – but I’m thinking the TML sucks guy, stay away guy, Happy Housing Crash shyster dude – are all one and the same.

#116 crowdedelevatorfartz on 07.23.20 at 7:36 pm

@#81 IHCTD9
“Nothing like the pleasant intertwined aromas of raw sewage, and weed to put a spring in ones’ step…”
++++
Ahhh yes, Mid August heat and humidity in downtown Montreal a few years back.
Flew in on an air conditioned plane at night, disembarked into the air conditioned terminal, took an air conditioned cab to my downtown hotel……
Exited the cab …. and was immediately enveloped in the heat, humidity and stench of rotten garbage, sewage, pollution……..

That “spring in your step” is the hurried scramble to find a garbage can to vomit in.

But even a skunk becomes accustomed to the retched stench of it’s surroundings.
So after a night at the bar I awoke to an entirely new perspective of ofaculatory overload ……”aroma immunity”.
Twas all good.

#117 Billy Buoy on 07.23.20 at 7:43 pm

Anyone notice 31.8 MILLION Unemployed in USA announced today and the $600 checks ending this month?

Here comes another few TRILLION in stimulus…

MOAR WINNING FROM THE FED.

Rioting in major cities to start again in 3…2…1…

#118 Marco on 07.23.20 at 7:43 pm

What are houses prices in Saint Pierre and Miquelon ?
A lot of jobs there for people who do not have fancy
degree, I am sure.

Ah…not in Canada… – Garth

#119 Pete from St. Cesaire on 07.23.20 at 7:45 pm

Those in the know are aware that the long-range plan of those running the world is for everyone to eventually be living in ‘smart-cities’ with no privacy nor freedom to travel. So my advice to everyone is to get out of the cities while you still can. If a rural retirement is your plan best to get started on it right now.

#120 Franco on 07.23.20 at 7:49 pm

I moved to Peterborough a few years back and it has everything Toronto has except on a smaller scale. Toronto got too big with dismal city planning for the huge growth it has experienced, now I come to T.O downtown every 3 weeks to visit my Mother and traffic has gotten real bad and too many people in a small area. Once the COVID is over many large cities are going to have problems with budgets and property taxes will go up and putting more pressure on house buying. You can only print so much money and then eventually it will very little value.

#121 yorkville renter on 07.23.20 at 7:54 pm

No interest in living in the sticks. B O R I N G

#122 IHCTD9 on 07.23.20 at 8:13 pm

#82 Nonplused on 07.23.20 at 6:23 pm

So I say if you can afforded it and work allows, get the heck out of the city. Covid will pass but things are just better out here. Want a sports court in your back yard? Go crazy (but your driveway is probably big enough already). Trampoline? Inflatable pool? Tree fort? Park you RV? Fly your drone? Lots of room. If you are crazy enough to own a horse you can do that too.

———

Heh, nothing like a bit of room. My place is an old 1800’s farm, and the 103 year old Timber framed drive shed still stands. In it are 2 atv’s, 1 motorcycle, 1 garden tractor, and 1 bulldozer. I have two more dozers and two trailers parked outside. No problem at all.

Several horse boarding outfits near me. Hence, you need to watch your step while walking at the side of the road. It’s a plus though, as it seems horse boarding companies are run exclusively by young Women, and the required riding attire is evidently the same garb they might wear at yoga class…

#123 Danny Partridge on 07.23.20 at 8:31 pm

Ummm….Garth…..Peterborough is where I dwell with my gang. Thanks for spoiling things…..now we will have GTAers pouring in by the thousands.

Great city in which to live and raise a family. Not the most exciting place in the wintertime, but the summertime is fantastic. It also has a quality university (Trent), a college (Fleming), and a very large hospital. It has a disproportionately large number of seniors and Tim Hortons stores too.

#124 Boneheads Dad on 07.23.20 at 8:33 pm

#110
Punkeydoodles Corners! A crossroads tune comes to mind.

#125 Yukon Elvis on 07.23.20 at 8:34 pm

City of Kelowna staff and other agencies will be out in force next week in an effort to remind residents, visitors and businesses about provincial health orders which remain in place because of the COVID-19 pandemic.

During a virtual news conference Thursday afternoon, Mayor Colin Basran reiterated the pandemic remains a concern, but stated this “isn’t forever.”

His comments came in the wake of more than 70 positive COVID-19 tests results linked to exposure events in Kelowna at the end of June and through the first nine days of July. More than 1,000 people, many who were exposed through recent events in Kelowna, are self-isolating.

https://www.castanet.net/news/Kelowna/306054/Kelowna-set-to-educate-residents-businesses-about-virus-dangers

#126 the Jaguar on 07.23.20 at 8:45 pm

@#93 Don Guillermo on 07.23.20 at 6:39 pm
#56 the Jaguar on 07.23.20 at 5:30 pm

I take it the first happiest day of their life was when they sold the property?
Who doesn’t love the clean air and quiet of the country? One can actually hear the sweet little songs and sounds that small birds make instead of the caws of Magpies and endless police sirens. I just think a knee jerk reaction move of any type is usually a mistake, as Garth often points out when discussing market up and downs.
If you think you like small town living it should be based on a thoughtful examination of what it entails and how it affects every member of the family. Kids/teenagers like the distractions that cities offer.

Watching the news this evening and calls for the resignation of Morneau over the WE scandal. The ‘rebuttal’ from the Liberals is simply that he has ‘apologized’, just like his boss has over the current and previous scandals. As far as Morneau goes I don’t think he’s in the same weasel category as Trudeau, but it’s really stunning that a party that frequently invokes and supports so many progressive WOKE values, including the head of government of this country ‘taking a knee’, seem to think that ‘cancel culture’ applies to everyone except them. Begone cabinet ministers Jody and Jane, but when we are caught red handed in serious acts of conflict of interest with payments made to primary family members a simple apology will suffice.
Off with their heads, I say.

#127 Rocky Mountain on 07.23.20 at 8:47 pm

We were asked to vacate our place today once I told landlord we are expecting a child. I was hoping for congrats, instead they told us to leave before delivery as one bed dwelling cant have 2 children.
No wonder people pay insane prices for property.
And I thought I had excellent relationship with them.
Hard part will be breaking this news to wife.

#128 ImGonnaBeSick on 07.23.20 at 9:05 pm

#121 yorkville renter on 07.23.20 at 7:54 pm
No interest in living in the sticks. B O R I N G

—-

You’re boring.

#129 Bardish Chagger-Under Bus on 07.23.20 at 9:07 pm

DELETED

#130 kingston boy on 07.23.20 at 9:14 pm

@#110 Sail Away on 07.23.20 at 7:25 pm
#45 MF on 07.23.20 at 5:17 pm

Just look at all the athletes and ultra wealthy. Where do they choose to live? That’s right…in Toronto.

—————-

You mean, like, members of the Toronto Maple Leafs and the Toronto Raptors and the Toronto Blue Jays?

Now that you mention it, it is funny they don’t live in Punkeydoodles Corners or Crotch Lake instead of Toronto.

Why is that?

If only there was some clue… somewhere…

—————

I hear Crotch lake is the new Muskoka.
Lotta bugs though.

#131 kingston boy on 07.23.20 at 9:16 pm

@#127 Rocky Mountain on 07.23.20 at 8:47 pm
We were asked to vacate our place today once I told landlord we are expecting a child. I was hoping for congrats, instead they told us to leave before delivery as one bed dwelling cant have 2 children.
No wonder people pay insane prices for property.
And I thought I had excellent relationship with them.
Hard part will be breaking this news to wife.
————————-

just put one of the kids up for adoption.
problem solved.

don’t @me, i’m joking.
sorta.

#132 Bk on 07.23.20 at 9:20 pm

This is horrible news. Now many won’t be able to afford a home anywhere… boonies, downtown, all ridiculously expensive

#133 crowdedelevatorfartz on 07.23.20 at 9:29 pm

@#127 Rocky Mountain.
Crappy situation and your landlord is a prick.
A pain in the ass but, long term, you’re probably better off.
You should be able to find another place especially when the CERB ends and the mortgage payment holiday ends in a few months..

#134 peterpatch residents on 07.23.20 at 9:30 pm

I feel sorry for the people buying the cheap houses on the contaminated lands around GE without knowing the history. Half of Peterborough is polluted cancer ridden asbestos filled housing built on soil full of dumped PCBs and they’ve managed to keep it under wraps for years.

The other half is pickup trucks and fentanyl addicts. Paradise indeed.

#135 Happy Housing Crash Everyone! on 07.23.20 at 9:31 pm

SHYSTERS are hurting from Vancouver to Toronto to Halifax and in all these smaller towns. Not enough listings!

The pain is only just beginning you useless eaters. So many of you lazy useless people will never sell another property again by the end of this summer :-)))))

#136 Walter Safety on 07.23.20 at 9:31 pm

DELETED

#137 ImGonnaBeSick on 07.23.20 at 9:38 pm

I love it when cidiots talk about or even try to move to the county. Reminds me of Wingfield Follies…

#138 Arctic Gringo: Qalunaaq on 07.23.20 at 9:41 pm

Former Peterborian here.

Garth, the building at 144 Brock Street, formerly known as The Pig’s Ear Tavern (“The Piggie”), is on the commercial market. A cool 1.2 MM and you could do something wonderful, perhaps a historic building designation and a remodel into a Kawartha Ice Cream dispensory. Think about it.

#139 Cdn Mom on 07.23.20 at 9:48 pm

#76 CalgaryCarGuy on 07.23.20 at 6:08 pm

Re: cell booster/internet

When we moved here to Lake Superior, I had a Koodo phone that suddenly went dead. Something Bell did on their tower. Had to buy a booster ($1,300). Bell internet from turbo hub/cell tower gives us no noticeable time lag for internet over our previous Shaw cable internet in the city. Stream from everywhere. Booster has been worth it.

#140 Walter Safety on 07.23.20 at 9:51 pm

My first -Deleted. I’m guessing it wasn’t the spelling.

Deliberately mock a public figure’s name = Deleted. – Garth

#141 James on 07.23.20 at 9:56 pm

People who want to move to the hinterlands were going to do so regardless. Covid just accelerated the process. The majority of people (current and new immigration) will still be attracted to major urban centres.

#142 NoName on 07.23.20 at 9:57 pm

#127 Rocky Mountain on 07.23.20 at 8:47 pm
We were asked to vacate our place today once I told landlord we are expecting a child. I was hoping for congrats, instead they told us to leave before delivery as one bed dwelling cant have 2 children.
No wonder people pay insane prices for property.
And I thought I had excellent relationship with them.
Hard part will be breaking this news to wife.

I feel for you, on a day we found out that my wife was pregnant with our 1st, I lost my job, and went in a labour whole moth before term, two days before were suppose to take possession of the house. Sometimes life get but much more interesting than it should be…
Dont worry to much, It’ll work out.

#143 Km on 07.23.20 at 9:58 pm

Perfect. Planning on being in Nova Scotia by next fall and will be out priced there too. Seems the housing bubble of Canada will never end.

#144 NoName on 07.23.20 at 10:07 pm

I’d like to coin in term Hipster Hick for newly settled crowd in the bunnies.

Price and of checkered flannel and camouflage clothing including underwater is going through the roof in a little while.

And for surrealist dude there is a comment #111 on 24th you should review it, its about change of cinery and priorities.

And side note,
I was listening podcast last night o a way home on similar topic just location was France and young immigrant family…

#145 tbone on 07.23.20 at 10:07 pm

As others have said , you can effectively work from home if you are heavily experienced in your job.
After i quit my job they hired a new inexperienced guy to replace me. He has no sales experience , no equipment or application engineering knowledge , and he has to learn the sales order systems and engineering programs for equipment selection.
You learned all this from others in the office that were willing to help you in the good old days.

And he has to sell stuff too .
I give him a year before he quits.
The boss created a hostile situation with this new hire
so the other sales guys are not so helpful .

I am so glad i dont work there anymore .

#146 cuke and tomato picker on 07.23.20 at 10:16 pm

So our minister of finance has repaid $41366.00 for travel
expenses dating back to 2017. Should he also pay the interest on this money?

#147 IHCTD9 on 07.23.20 at 10:18 pm

#138 Arctic Gringo: Qalunaaq on 07.23.20 at 9:41 pm
Former Peterborian here.

Garth, the building at 144 Brock Street, formerly known as The Pig’s Ear Tavern (“The Piggie”), is on the commercial market.

Ahh, The Pigs Ear. Last time I was there was in the 80’s. As we were stepping up to the door, the half glass exploded into all our faces. Seconds thereafter the door burst open and some drunk dude was hurled out onto the sidewalk. Apparently he chucked a beer bottle at the door from inside during some altercation and hit the window.

I remember the place having a bunch of what looked like old Burger King seats and tables where you sat and drank. Those old plastic orangey things they used to have in fast food restaurants lol!

#148 TurnerNation on 07.23.20 at 10:30 pm

See I don’t post here until I got something real to say. What I’m posting is today’s realness. Heard a
20-30-something millennial explain to her friends how this is a ‘scamdemic’ – their word. And they listed all the lies were we taught too. Word. That was real.

I smiled to myself and didn’t let on. I don’t come from the old school. I come from the school they tore down to build the old school. Tricks are for kids.
This is the final battle folks. For your mind.
Turn off your telescreen and level up.

#149 Cash Man on 07.23.20 at 10:32 pm

“Dad, can I run the Oakville store”?

As the cash man himself say……

“Oakville is a good location!!!”

24 showings now on the Oakville home. Mostly Toronto and Mississauga residents. Time to show me the offer(s)!

PS- Cash only no gold accepted for this Oakville property!

#150 Cowtown Cowboy on 07.23.20 at 10:35 pm

Freakin hilarious, all the tooranhu rejects falling all over themselves to find the next great real estate find..well they showed their brilliance in the last election…quick everyone to NorthBay and let’s buy everything there is

Guess I should start loading up on remote acreage to unload to the greater fools

#151 Don Guillermo on 07.23.20 at 10:37 pm

#126 the Jaguar on 07.23.20 at 8:45 pm
@#93 Don Guillermo on 07.23.20 at 6:39 pm
#56 the Jaguar on 07.23.20 at 5:30 pm

I take it the first happiest day of their life was when they sold the property?
Who doesn’t love the clean air and quiet of the country? One can actually hear the sweet little songs and sounds that small birds make instead of the caws of Magpies and endless police sirens. I just think a knee jerk reaction move of any type is usually a mistake, as Garth often points out when discussing market up and downs.
If you think you like small town living it should be based on a thoughtful examination of what it entails and how it affects every member of the family. Kids/teenagers like the distractions that cities offer.

Watching the news this evening and calls for the resignation of Morneau over the WE scandal. The ‘rebuttal’ from the Liberals is simply that he has ‘apologized’, just like his boss has over the current and previous scandals. As far as Morneau goes I don’t think he’s in the same weasel category as Trudeau, but it’s really stunning that a party that frequently invokes and supports so many progressive WOKE values, including the head of government of this country ‘taking a knee’, seem to think that ‘cancel culture’ applies to everyone except them. Begone cabinet ministers Jody and Jane, but when we are caught red handed in serious acts of conflict of interest with payments made to primary family members a simple apology will suffice.
Off with their heads, I say.

*****************************************
I take it the first happiest day of their life was when they sold the property?

True, the first time I heard this was in regards to someone buying their first sailboat. I wasn’t going there on this blog as the backlash would be too much.

A few urban people I’ve known over the years that finally found their dream acreage seemed worn down by the second winter. Much more work than they anticipated.

The Trudeau/Morneau/WE stuff drives me crazy. Most Canadians don’t seem to care and there will probably be no consequences … again.

#152 Cash Out on 07.23.20 at 10:39 pm

Renters win again. Owners are moaners

#153 april on 07.23.20 at 10:48 pm

#90 – If it’s true you were “outbid”? you’ll be thankful shortly.

#154 april on 07.23.20 at 10:55 pm

#65 – We think your spinning!

#155 Ace Goodheart on 07.23.20 at 10:57 pm

https://www.theglobeandmail.com/politics/article-major-sponsors-review-ties-to-we-charity-telus-drops-multiyear/

Reporters crowd around your house.
Going through your garbage like a pack of hounds,
Speculating what they may find out,
It don’t matter now, you’re all washed up.

You wake up in the middle of the night.
Your sheets are wet and your face is white,
You tried to make a good thing last,
How could something so good, go bad, so fast?
American dream, American dream

Here it comes, folks.

Change is in the wind.

We all know, you can’t stop it. You just have to go along with it.

Winds of change are blowing……..

#156 AisA on 07.23.20 at 11:03 pm

#13 not 1st on 07.23.20 at 3:36 pm

The real story is that he drew over 8 million viewers on network television, smashing records while doing so, but that’s to be glossed over.

If you thought the Hillary defeat was a surprise, you can’t imagine the salty tears that will be flowing come November when they lose the house too…

No one is saying they will vote for Trump to a stranger on the telephone while cancel culture is running amok. Who would risk their job or their business in this climate to answer a freaking poll.

#157 Greg on 07.23.20 at 11:09 pm

https://www.ovlix.com/for-sale/British-Columbia/Tobiano

246 down, 103 up
20 mins to Costco
Prop taxes actually went down this year
No personal $ interest, nothing to sell.
You’re welcome.

#158 Paul on 07.23.20 at 11:24 pm

#135 Happy Housing Crash Everyone! on 07.23.20 at 9:31 pm
SHYSTERS are hurting from Vancouver to Toronto to Halifax and in all these smaller towns. Not enough listings!

The pain is only just beginning you useless eaters. So many of you lazy useless people will never sell another property again by the end of this summer :-)))))
————————————————————————————————
Boy, you have missed the longest and biggest growth in price and money made by home buyers and agents in Canadian history! Sucks to be you.

#159 millmech on 07.23.20 at 11:36 pm

#113
We have not been run over by it, we are chasing the Liberal money bus and taking all the free hand outs that we can get, friggin pockets stuffed with cash that we will never have to pay back.
You guys regrettably will be responsible for the largess that we are currently enjoying and will never end. You know the home equity tax, inheritance tax, TFSA tax, higher tax brackets for the new rich(anyone making over 50k),it is coming.
All the cash that was to be passed down to your generation will be diverted to the government for our unsustainable support payments, we are the new ex spouse that always wants more every year and we are getting it.
I am eagerly awaiting the UBI of 2k/mth, with my investments in I will be able to pull in 48k/yr and pay no tax, but you sure will be paying for it.
I honestly love this change you keep speaking of, it is here and it awesome, now I want even more entitlements and handouts, from your wallet to mine.
We are truly blessed living in Canada now!

#160 Wrk.dover on 07.23.20 at 11:43 pm

Sail Away, some people seasonally store a yacht, although I am sure you prefer standing on a deck in a downpour with no wind for weeks on end in your home waters. You can leave the foresail on the shroud when you step the mast and have used the jib halyard to hoist the zipper sail cover all season. Draw the furled sail through pvc pipe for dry storage and have wrinkle free dacron come spring. You are the engineer, figure it out.

Faron, club racing a sail boat is akin to line dancing. Sex by numbers with your clothes on. Count me out.

Cruising a yawl under genny and mizzen alone, you will only need the main for wing and wing light wind running. Pointing up to the max is just beating up the galley slave.

No more boat talk. Please.

#161 Ronaldo on 07.23.20 at 11:50 pm

#63 Sail Away on 07.23.20 at 5:46 pm
An important question for cowboys today is which company will secure Tesla’s giant nickel contract?

I’m thinking BHP and Vale are front-runners.
—————————————————————
Hopefully Sherritt.

#162 PeterfromCalgary on 07.23.20 at 11:51 pm

Wealthy New Yorkers are also leaving that big city.

If this trend continues it could have big tax revenue impacts for big cities. New York had to be bailed out with an emergency federal loan in 1975. That 1970s fiscal crises was partly caused by wealthy people fleeing the city due to crime.

https://www.cnbc.com/2020/07/23/coronavirus-home-prices-in-hamptons-hit-record-as-wealthy-new-yorkers-flee.html

#163 Charlie Benzo on 07.24.20 at 12:00 am

DELETED

#164 Investx on 07.24.20 at 12:09 am

“For months now there have been reports of a big move of folks out of NYC, Boston, Chicago and other places where life is tight, costs high and freedom curtailed.”

And where crime is increasing and police getting defunded.

#165 Drew on 07.24.20 at 1:17 am

110km from DT sounds nice, but I’m aiming for farther.

Once this passes and complacency sets in city prices will probably rise again

#166 jane24 on 07.24.20 at 1:29 am

Or do what we are doing. We are currently exploring Brittany France for a second home. Brittany is gorgeous, in the Gulf Stream so no winter and pre-covid had a direct Air Transit flight from Montreal to Vannes airport. Being a rural area it was pretty Covid free.

We are looking at 5 bedroom manor houses with pools and gites, which are additional sub-homes on the same lot which can rented out as an income to holiday makers. Amazing what you can get for 250,000e or $390,000 for the whole package.

Our best find to date is close to the Brittany beaches, the package has a 4 bed house, two 2 bed houses, ( all 3 fully renovated) a private pub, an inground pool and an acre of land, walking distance from a pretty little town for $475,000 Canadian. Found all these houses on Rightmove.co.uk.

At some point Covid will go and we can all dream again.

#167 Nonplused on 07.24.20 at 2:03 am

#76 CalgaryCarGuy

There are at least 3 companies providing microwave service in your area. Shaw and Xplornet probably the best. Speed is not as good as with cable but it’ll do.

#168 Nonplused on 07.24.20 at 2:14 am

#77 baloney Sandwitch on 07.23.20 at 6:10 pm
“You are seeing Upper middle class white flight to the ex-burbs.”

I’m getting really sick of all this race-baiting. If you’ve follower my comments before you’ll know I live in the ex-burbs. I’ll go around the cul de sac: white, white, chinese, white, chinese, indian, white, white, indian (new as of yesterday), white, black. So just f-off. This isn’t a race issue and we have drinks together while our kids play.

#169 Carlyle on 07.24.20 at 3:41 am

I’ve been looking at Windsor, Sarnia, London, Niagara Falls, Peterborough, and Picton.

My main priority is that a decent house can be bought between 200k – 300k.

My spouse is a nurse so more worried about me finding work.

We currently live in downtown Toronto near Yonge and Dundas in a 600 sq ft condo 1 bedroom. Have a 2 yr old so yeah, we want to move.

#170 Harvey Manne on 07.24.20 at 4:13 am

DELETED

#171 Justin S on 07.24.20 at 6:45 am

Hi Garth – interesting post. But then there’s the other side of things:

https://www.curbed.com/2020/7/13/21319909/coronavirus-urban-exodus-cities-moving-suburbs

#172 YouKnowWho on 07.24.20 at 6:52 am

#105 Yukon Elvis

We don’t even own our bodies! Have to return those after you’ve played the whole movie.

That condo will be a dump by the time you “own it”.

Ownership…what a concept…if you really think about it. Every child knows, you call dibs and that’s that. That’s how it work in nature. Trees, plants, lions, skunks…everything.

#173 Sail Away on 07.24.20 at 7:40 am

#161 Ronaldo on 07.23.20 at 11:50 pm
#63 Sail Away on 07.23.20 at 5:46 pm
An important question for cowboys today is which company will secure Tesla’s giant nickel contract?

I’m thinking BHP and Vale are front-runners.

————–

Hopefully Sherritt.

————–

Sherritt is poorly run in my opinion. They continue to dilute and divest and keep falling further behind… i’ve dabbled in their junk bonds and came out ok, but they made me nervous.

#174 Do we have all the facts on 07.24.20 at 7:49 am

Human nature is wired to live in the now and to believe that the future will find ways to take care of itself.

In the prophetic words of Freddy “I want it all and I want it now!”

Until the Covid 19 crisis shook their confidence the amount saved each year by the average Canadian household had declined to 2.0% of disposable income. This is four times lower than the 8.0% of disposable income saved by the average household in the USA.

The low level of savings was directly linked to the boom in real estate values in Canada as the majority of savings were converted into down payments on housing.

What many contributors to this blog fail to consider is that economic recovery is dependant on the investment of savings. As a general rule countries with very low rates of saving, like Canada, take much longer to recover from economic downturns. Continued escalation of house prices is not conducive to the investment necessary for economic recovery.

Garth has repeatedly pointed out that CERB, mortgage deferrals, and the inability to pay rent during an economic downturn indicate that far too many households were overextended and had failed to plan for the future. His primary concern is that failure to invest for future retirement today will have serious consequences once regular income from employment ends. Devoting the majority of surplus disposable income to purchase a dwelling attached to a large mortgage is neither balanced nor diversified.

As fewer and fewer Canadian households are able to save the funds necessary for a downpayment the average price of housing in Canada will decline. This is not a prediction but an inevitable reality.

You may want it all and may want it now but investing in your future is never a bad idea!

#175 Somewhat à propos on 07.24.20 at 7:52 am

Not be sound like a grammar snob (well, maybe a little…), but it’s worth knowing the difference:

Farther: denotes physical distances.
Further: denotes figurative distances.

A simple rule: if you can replace it with furthermore, then use further. If not, then use farther.

#176 Classical Liberal Millennial on 07.24.20 at 8:10 am

Millennial “Realist”
Take your love for the progressives and shove it. The Trudeau Liberals are the most scandal-ridden government of my lifetime and it isn’t even close. The fact you support them shows your lack of integrity.

#177 crowdedelevatorfartz on 07.24.20 at 8:26 am

@#138 Turnernation
“This is the final battle folks. For your mind.
Turn off your telescreen and level up.”

++++

50 years of TV turned 50% of us into mindless idiots.

20 years of the Internet turned 90% of us into paranoid idiots.

Now turn off your telescreen and go read a book.

#178 crowdedelevatorfartz on 07.24.20 at 9:02 am

@#166 Jane24
“Found all these houses on Rightmove.co.uk.
At some point Covid will go and we can all dream again.
++++

Observations from the grubby , black fly infested colonies…..

Has Jolly Old Blighty got that “Brexit” thingy worked out yet?
Seems to me the never ending negotiations are going from bad to worse.
And China threatening to boycott all thing Brit if they ban Huawei while allowing 300,000 HK citizens to flock back to “Mother England”.
Egad.
Either way, Limeyland’s economy could be in for a bit of a sticky wicket eh wot?
If you want to maintain the lifestyle you have become some accustomed to (and ceaselessly brag about).
Its decision time because 3 estates are just too much to handle, even for an uber riche braggadoccio such as yourself…..
Dump the palace in Italy OR beter yet.
Time to flog the Flat in fog bound Blighty and convert those Pounds to Euros before they’re worth Zimbabwean Zloty’s …

Pip pip, Cheerio and all that other Tommy rot.

#179 the Jaguar on 07.24.20 at 9:06 am

In other news…………

Air Transat is back.

After a 112-day shutdown caused by the coronavirus pandemic, the Montreal-based leisure carrier was scheduled to resume operations Thursday.
“Interest in air travel is slowly coming back,” Christophe Hennebelle, vice-president of corporate affairs at parent Transat A.T., said Thursday. “There are still fears, obviously, but it feels like people are beginning to want to get away.”

#180 Damifino on 07.24.20 at 9:12 am

#146 cuke and tomato picker

So our minister of finance has repaid $41366.00 for travel expenses dating back to 2017. Should he also pay the interest on this money?
———————————-

Yes, he should… that will be another $9.37.

#181 IHCTD9 on 07.24.20 at 9:37 am

#169 Carlyle on 07.24.20 at 3:41 am
I’ve been looking at Windsor, Sarnia, London, Niagara Falls, Peterborough, and Picton.

My main priority is that a decent house can be bought between 200k – 300k.
——-

You can probably take Picton off the list then.

#182 CERBNation on 07.24.20 at 9:44 am

177 crowdedelevatorfartz on 07.24.20 at 8:26 am
@#138 Turnernation
“This is the final battle folks. For your mind.
Turn off your telescreen and level up.”

They already own your mind dude… might want to scrap the internet and go outside

#183 not 1st on 07.24.20 at 9:54 am

Garth is all knowing on issues regarding taxation.

Someone pointed out that Morneau’s little WE trip was a taxable benefit and he hasn’t paid CRA for that either.

So contravention of actual law taking paid travel, receiving a taxable benefit and not paying tax on it. On top of that both kids working for this scam, 3M donated a few yrs back and involved directly in the decision to funnel another $913M in there including $43M to the burger brothers and a little side dish to Maggie, Sasha and Sophie?

Cmon.

#184 Dharma Bum on 07.24.20 at 9:56 am

Suddenly the sacrifices demanded by urban living seem extreme. Tight spaces. High costs. Congestion and compromise. – Garth
——————————————————————–

That’s how I felt in 1985 when I bought my first house.

35 years later, what was once the “hinterland”, now seems downright urban. Fields across the street with cows grazing now have plazas. Highrise condos and office buildings popping up like mushrooms on a dewy morning. The old two lane roads are now transit cores with the subway just a few blocks away. Traffic congestion is mind boggling.

The only good thing is that the “suburban” house purchased 35 years ago is worth about 8 or 9 times what I paid for it. Ka-Ching!

Grey-Bruce, here I come! No highrises, subways, traffic, or hipsters there.

Yet.

#185 TurnerNation on 07.24.20 at 10:04 am

“Futures slide on China unrest” is the headline. That time again:

#124 TurnerNation on 05.13.20 at 7:27 pm -Weeks ago I wrote here what is a likely ending for USA.
1. How to instantly kick start the economy? (Proven historical method)
2. How to deal with millions of young people out of work/school in September due to lack of money and jobs, and when the Free monthly handouts stop (else there will be civil unrest)?
Answer is two words: War Draft.

#152 TurnerNation on 07.09.20 at 8:42 pm
September I strongly sense will be the next stage. CERB ends, no jobs as the government has ordered you shut – you are ‘non essential workers’ to them. They already said this. The choices will be bread lines, rioting, or war draft? History repeats.


Meanwhile people have lost their minds here. Humans are SO dangerous they must limit capacity, and stand 6 feet apart, and wear a mask! We’re talking extreme bio containment here.
All people can do it scream at others, any gathering means ‘covid’. Like what would people otherwise be doing, watching sports ? Is that what they are reduced to, monologues? All they got is In Two weeks deaths come! They need this, all they got. Always two weeks longer. No one is allowed to get sick of anything. Our leaders TskTsk us. All people are assumed to be guilty/sick.

People are begging for the enslavement. I’d say the war is lost at home, it would be a quick defeat for any military war.Took only one week in march.

#186 kingston boy on 07.24.20 at 10:06 am

@#176 Classical Liberal Millennial on 07.24.20 at 8:10 am
Millennial “Realist”
Take your love for the progressives and shove it. The Trudeau Liberals are the most scandal-ridden government of my lifetime and it isn’t even close. The fact you support them shows your lack of integrity.
——————

ah bickering millennials.
You make the bickering boomers proud.

#187 IHCTD9 on 07.24.20 at 10:07 am

#168 Nonplused on 07.24.20 at 2:14 am
#77 baloney Sandwitch on 07.23.20 at 6:10 pm
“You are seeing Upper middle class white flight to the ex-burbs.”

I’m getting really sick of all this race-baiting. If you’ve follower my comments before you’ll know I live in the ex-burbs. I’ll go around the cul de sac: white, white, chinese, white, chinese, indian, white, white, indian (new as of yesterday), white, black. So just f-off. This isn’t a race issue and we have drinks together while our kids play.
——-

This ain’t race baiting, it happens. If you need proof, take a trip into the GTA. Ethnoburbs galore. Brampton was mostly white 40 years ago, now it’s brown. Further to that it’s pretty much just South Asian to the exclusion of all others. Other areas are mostly East Asian. Still others gather together by nationality like the Italians and Greeks.

White flight is a well documented phenomenon. So are the reasons ethnoburbs form in the first place. In fact, the formation of ethnoburbs pretty much indicates all ethnicities gather together, not just whites. It’s not hard to understand at all. Birds of a feather…

Here’s a pretty reasonable article for you to read from a Brampton / South Asian perspective:

https://www.canindia.com/where-do-all-the-white-people-live/

#188 kingston boy on 07.24.20 at 10:11 am

@#158 Paul on 07.23.20 at 11:24 pm
#135 Happy Housing Crash Everyone! on 07.23.20 at 9:31 pm
SHYSTERS are hurting from Vancouver to Toronto to Halifax and in all these smaller towns. Not enough listings!

The pain is only just beginning you useless eaters. So many of you lazy useless people will never sell another property again by the end of this summer :-)))))
————————————————————————————————
Boy, you have missed the longest and biggest growth in price and money made by home buyers and agents in Canadian history! Sucks to be you.
——-

probably sucks to be him regardless of missing out on the easy house wealth.

#189 IHCTD9 on 07.24.20 at 10:22 am

#36 kingston boy on 07.23.20 at 4:56 pm
very true.
pros and cons no matter where you live though.

I feel for the locals. With all that money moving to their towns, house prices and rents jacked. Prince Edward County being a prime example.
———

I’m not far from PEC, don’t feel bad for the locals; they are the ones selling and cashing in huge! I guess that’s what happens when a few farmers decide to grow some grapes.

The ”County” as it’s known locally was always a low income area even just 20 years ago. Now there are fancy condos selling for near a million in Picton.

#190 TurnerNation on 07.24.20 at 10:52 am

#177 crowdedelevatorfartz the book is called LIFE. I got out there and talked lots with 6 people yesterday. ‘real life’ Perspectives.
Several business people, partiers, you name it.
Now is the time to hit the streets

#191 BillyBob on 07.24.20 at 11:24 am

#78 Toronto_CA on 07.23.20 at 6:13 pm
I have been renting a 2 bed 2 bath flat about 10 minute walk to work in the City in London (UK) – it has air con, open plan kitchen/living room, and is in a great building and below market rent but stupid expensive due to location.

I have always strongly believed making your commute as short as possible is one of the best things you can spend money on in life. But Covid has absolutely rendered this life mantra useless now that commuting is going away.

I just bought a 4 story house with views of the ocean a 55-minute train ride into London Bridge. I have 4 bedrooms, 4 bathrooms, a huge garden and I can walk to the beach in about 5 minutes.

Probably the worst time in history to buy as prices will inevitably plummet in 2021 and 2022, but I put 20% down, am well within Garth’s rule of 90, and I can easily see myself living in this house for 20 years we love it so much. The monthly mortgage payment at 1.74% fixed is less than my monthly rent, and below 20% of our take home pay.

Honestly the best thing to come from covid; my wedding was cancelled and refunded and I’ve been able to put all the money to house downpayment instead.

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

This London resident can’t quite compute what place could be 55 minutes train trip east of The City with an ocean view. Certainly not south. Care to elaborate without outing yourself? More likely the 55 min is a bit of an embellishment, always sounds better to keep it under an hour…

The main drawback of your entire situation is that it’s…in the UK. A nation circling the bowl, leading the field in every metric of misery. Highest Covid-19 levels in Europe, projected highest level of economic destruction and joblessness in Europe, and Brexit still to come. Zero plan to deal with any of it and the most useless leadership possible in place for years to come.

“World-beating”, indeed.

#192 mike on 07.24.20 at 11:43 am

Majority of people moving to Canada are coming from big urban cities from third world countries and most of them are not use to live in rural areas. Living in rural areas is not for everybody, you must have certain type of personality or you will suffer from depression. That’s why big cities are so appealing for many people. A big house with big front and backyard in the middle of nowhere means nothing for many. However prices in big urban areas in Canada are ridiculously high.

Generalize much? – Garth

#193 Sail Away on 07.24.20 at 11:56 am

Dolce, you’re welcome to join us in the Chilcotin. It may well be the single most enlightening and empowering experience of your life.

Leave the wing tips and high fashion accessories behind, though.

#194 Yukon Elvis on 07.24.20 at 12:00 pm

#193 Sail Away on 07.24.20 at 11:56 am
Dolce, you’re welcome to join us in the Chilcotin. It may well be the single most enlightening and empowering experience of your life.

Leave the wing tips and high fashion accessories behind, though.
……………..

And don’t forget to wear a hat. There are woodpeckers up there.

#195 Faron on 07.24.20 at 12:20 pm

#160 Wrk.dover on 07.23.20 at 11:43 pm

Faron, club racing a sail boat is akin to line dancing. Sex by numbers with your clothes on. Count me out.

Ha, fair enough. I’m guessing roll tacks aren’t your jam :-) ?

There is fun to be had — crewing for a cantankerous retired navy officer for one. She had the temerity in a race last fall to start on port at the favoured end with a huge gap on the fleet, but not so large that there wasn’t a lot of yelling as we crossed just above them.

BTW: sex by the numbers with your clothes on is approved by the BCCDC in these COVID times

#196 Ronaldo on 07.24.20 at 12:54 pm

#173 Sail Away on 07.24.20 at 7:40 am
#161 Ronaldo on 07.23.20 at 11:50 pm
#63 Sail Away on 07.23.20 at 5:46 pm
An important question for cowboys today is which company will secure Tesla’s giant nickel contract?

I’m thinking BHP and Vale are front-runners.

————–

Hopefully Sherritt.

————–

Sherritt is poorly run in my opinion. They continue to dilute and divest and keep falling further behind… i’ve dabbled in their junk bonds and came out ok, but they made me nervous.
———————————————————–
Agree. A bit of a longshot alright. Been downhill since peaked at over 9 dollars in Feb. 2011. I actually made money on it when it was around 5.00. Bought a bunch when it bottomed in March at .09 so a double so far. Not a big part of my casino portfolio. My Ag stocks have done very well. Most over double. Looking at copper doing well in next few months as well as other metals. Very much like what took place in 2009 and than run went for 18 months so we are just getting started.

#197 Penny Henny on 07.24.20 at 1:02 pm

#181 IHCTD9 on 07.24.20 at 9:37 am
#169 Carlyle on 07.24.20 at 3:41 am
I’ve been looking at Windsor, Sarnia, London, Niagara Falls, Peterborough, and Picton.

My main priority is that a decent house can be bought between 200k – 300k.
——-

You can probably take Picton off the list then.
——-

Sad to say but it appears you are even priced out of Welland. Maybe you could get a semi that needs some work.
PS- look only on the West Side. The East side is the B side

#198 JB on 07.24.20 at 1:14 pm

#169 Carlyle on 07.24.20 at 3:41 am

I’ve been looking at Windsor, Sarnia, London, Niagara Falls, Peterborough, and Picton.

My main priority is that a decent house can be bought between 200k – 300k.

My spouse is a nurse so more worried about me finding work.

We currently live in downtown Toronto near Yonge and Dundas in a 600 sq ft condo 1 bedroom. Have a 2 yr old so yeah, we want to move.
……………………………………………………………………
I’m east of you downtown and my wife is nurse with a damn good pension while she figures she has another 10-15 years till golden days she wants to keep it going. So a move for us is a big no. She could not commute and in order to save you have to get past the GTA. I can go anywhere and work and we have thought for a microsecond about purchasing a small bachelor condo or renting a bachelor apartment downtown for her for five days a week. Then we remembered our experiences with our first condo and quickly recalled how we hated the neighbors noise, the smell of everyone elses cooking whatever. Then it was always the wait at the elevator only to find it stuffed with people like sardines. In today’s age with Covid and the next disease we gave our heads a shake and said no fu#king way would we want to go through that $hit again especially today.
10-15 years until we are out of the core and living up north with fresh air and blue sky’s.

#199 Rob in Vancouver on 07.24.20 at 1:40 pm

Hi Garth,
Long time reader, seldom add comments. Had to correct you from yesterday’s post however in which you referred to Justin Trudeau as Canada’s “Head of State” – I was surprised that someone as learned as yourself and former parliamentarian would not identify him as “Head of Government” whereas the Queen, represented by the GG is Canada’s Head of State.

I identified him as the ‘elected’ head of state, which he clearly is. – Garth

#200 Sail Away on 07.24.20 at 1:41 pm

#195 Faron on 07.24.20 at 12:20 pm
#160 Wrk.dover on 07.23.20 at 11:43 pm

Sail Away, some people seasonally store a yacht, although I am sure you prefer standing on a deck in a downpour with no wind for weeks on end in your home waters. You can leave the foresail on the shroud…

You are the engineer, figure it out.

Faron, club racing a sail boat is akin to line dancing. Sex by numbers with your clothes on. Count me out.

————–

Ha, fair enough. I’m guessing roll tacks aren’t your jam :-) ?

There is fun to be had — crewing for a cantankerous

————–

Hey, I just want to see the foresail on the shroud. Very innovative. Are there two shroud-mounted gennies balanced with one port, one starboard?

I must admit, despite being an engineer, that this new technique is befuddling me.

#201 Coastal gal on 07.24.20 at 1:42 pm

#127 Rocky
Your landlord likely can’t evict you for having a child. That would be discrimination on the basis of family status. I had rented same suite for 14 years, was great tenant and landlord told me to move when I was pregnant. Checked with landlord tenant board and forcing me to move due to family status (having child)was against human rights legislation. I eventually moved once I found a suitable place.

#202 Ace Goodheart on 07.24.20 at 2:10 pm

RE: “identified him as the ‘elected’ head of state, which he clearly is. – Garth”

Canada doesn’t have an elected head of state.

We are still a constitutional monarchy.

The head of state of a constitutional monarchy isn’t elected.

Such a foolish waste of time. To the citizenry, T2 is the roi.- Garth

#203 Smartalox on 07.24.20 at 2:20 pm

@Flop #108:

Thanks for the suggestion, but we’re determined to move to Edmonton. My wife’s parents have been there for decades, are aging, and we’d like our son to get some grandparent time with them before it’s too late.

Besides, if you look at SFH in Edmonton on Zolo, you’ll quickly see that one can get 2x the house for 1/2 the price, a 4X increase in value.

I’ll admit that after window shopping for a few months, I can’t stand to look at my saved searches for the lower mainland without gagging or giggling. Mostly gagging.

Me and the Missus were looking at this listing, and I was thinking what it would take to finish the floors an install a new kitchen. Any estimate / professional opinion?

https://www.zolo.ca/edmonton-real-estate/447-wilkin-way-north-west

Three thousand sqft, with a three car garage, and enough room in the yard to have a dog? Yes please.

It’s funny, I used to think that it was a uniquely ‘Vancouver’ thing as colleagues would bring their dogs into the office while they worked. Now, I’d be the ‘obvious vancouverite’ working with a dog in my office.

A.
M46BC (soon 2B AB?)

#204 Alice in Sunderland on 07.24.20 at 2:28 pm

What do sheeple think is coming after the next lockdown this winter and spring . There will be the beginning of a new paradigm shift. As klaus Shwuab of economic forum said recently we are now undertaking a world economic reset . What’s about To come will leave most illiterate economic zombies looking for their next meal and not their next so called real estate investment.

#205 Ace Goodheart on 07.24.20 at 2:32 pm

Re: “Such a foolish waste of time. To the citizenry, T2 is the roi.- Garth”

True, but he is not head of state.

His father was supposed to fix that, but never did.

We continue to have the Queen of another country as our head of state.

It may seem like a waste of time to talk about it, but I find it annoying.

Either we get our own Royal Family, or we make our PM head of state, like the President in the USA.

We currently have a controversy where “The Queen’s Representative” (Our GG) is involved.

People are like “well, she is the Queen’s representative in Canada” and I am thinking, “no, she is not”. The Queen never picked this person, and probably knows little about what she does.

These little things might seem not to matter, but they do.

#206 Left GTA on 07.24.20 at 2:53 pm

Plenty of nursing jobs all over Ontario pay about the same as the GTA. We moved to Cambridge. Our house and car ins. is half of what we paid in the GTA. We no longer have a mortgage and I only have to work part time. Left the GTA and have not looked back. Everyone here has a dog and no one is honking or stressed out like in the GTA. 5 min to any store or restaurant you desire. Kids love it here. Tonnes of activities for them to keep busy. Handful of Uni’s within a 40 min drive. You can’t go wrong. Wish I did this a decade ago. Before I had a stupid large house with no yard and no trees that we lived in about 1/4 of the space. I had to hire someone to clean, I worked full time and it took 25 min to drive anywhere.
Get rid of the large house, move out of the GTA, work part time and get a dog your kids will thank you. No boredom out here go back to a simple life…bake your own bread, garden, home cooked meals, raspberry bushes and fruit trees. You tube how to do your own home repairs etc. The GTA is so yesterday…

#207 Do we have all the facts on 07.24.20 at 3:06 pm

#202

Not to add to the foolishness but the Governor General of Canada is recommended by the Prime Minister to the Queen and once approved performs all of the duties of the Head of State as they relate to Canada.

Added to the confusion is the fact that in Canada the Prime Minister is not elected but appointed by the Governor General on the recommendation of the Queen-in-Council (Privy Council in theory but Ministers of the Crown or Cabinet in practice)

Quite a circle of undemocratic delegation if you ask me!

#208 Faron on 07.24.20 at 3:14 pm

#200 Sail Away on 07.24.20 at 1:41 pm

#195 Faron on 07.24.20 at 12:20 pm
#160 Wrk.dover on 07.23.20 at 11:43 pm

Hey, I just want to see the foresail on the shroud. Very innovative. Are there two shroud-mounted gennies balanced with one port, one starboard?

Ha! That would be sweet. Spreaders would limit your I” potential though. Gonna want a baggywrinkle helmet for that set up if you decide to do any reaching. Better get on it before the AC75’s start doing it.

#209 JB on 07.24.20 at 3:20 pm

#196 Ronaldo on 07.24.20 at 12:54 pm

#173 Sail Away on 07.24.20 at 7:40 am
#161 Ronaldo on 07.23.20 at 11:50 pm
#63 Sail Away on 07.23.20 at 5:46 pm
An important question for cowboys today is which company will secure Tesla’s giant nickel contract?

I’m thinking BHP and Vale are front-runners.

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Hopefully Sherritt.

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Sherritt is poorly run in my opinion. They continue to dilute and divest and keep falling further behind… i’ve dabbled in their junk bonds and came out ok, but they made me nervous.
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Agree. A bit of a longshot alright. Been downhill since peaked at over 9 dollars in Feb. 2011. I actually made money on it when it was around 5.00. Bought a bunch when it bottomed in March at .09 so a double so far. Not a big part of my casino portfolio. My Ag stocks have done very well. Most over double. Looking at copper doing well in next few months as well as other metals. Very much like what took place in 2009 and than run went for 18 months so we are just getting started.
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I was ready to dump my small Au portfolio this week and got really busy. Didn’t dump it and now its heading for $2K We are sometimes foolish people but now I’m going to wait until next week.

#210 JB on 07.24.20 at 3:25 pm

#196 Ronaldo on 07.24.20 at 12:54 pm

Consider getting way from the metals and invest in Ambergris. It’s worth a fortune in Europe.

#211 Sail Away on 07.24.20 at 3:29 pm

The Liberals must be in charge of this Vancouver zoo.

https://www.citynews1130.com/2020/07/24/emaciated-moose-greater-vancouver-zoo-spca/

Here’s the dialogue I assume took place:

Concerned Citizen: This moose appears to be sick and possibly starving. This condition that is clearly visible is causing people to question the zoo’s handling of the situation.

Liberal Zookeeper: Bob, go kill that moose.

#212 Barb on 07.24.20 at 4:45 pm

“To the citizenry, T2 is the roi.”

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He’s certainly behaving like a king…

#213 Don Guillermo on 07.24.20 at 6:06 pm

#212 Barb on 07.24.20 at 4:45 pm
“To the citizenry, T2 is the roi.”

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He’s certainly behaving like a king

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His mother said “because he was born Christmas day he was destined for greatness”. More like a God

#214 Ronaldo on 07.24.20 at 8:32 pm

#211 JB on 07.24.20 at 3:25 pm
#196 Ronaldo on 07.24.20 at 12:54 pm

Consider getting way from the metals and invest in Ambergris. It’s worth a fortune in Europe.
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Interesting product JB but I think I will stick with something I understand better. One of my copper stocks up 26% today. Good enough for me.

#215 Jake on 07.24.20 at 10:00 pm

DELETED

#216 Sail Away on 07.24.20 at 10:27 pm

#215 Ronaldo on 07.24.20 at 8:32 pm
#211 JB on 07.24.20 at 3:25 pm
#196 Ronaldo on 07.24.20 at 12:54 pm

Consider getting way from the metals and invest in Ambergris. It’s worth a fortune in Europe.

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Interesting product JB but I think I will stick with something I understand better. One of my copper stocks up 26% today. Good enough for me.

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Hey, I’m in, but we’ll have to start whaling to be effective. You be the front man and I’ll be the silent investor. Maybe we can restart the whale oil and baleen markets as well. Find Ahab and the Kanaka.

#217 Tom from Mississauga on 07.24.20 at 11:58 pm

The offices/Ryerson/UoT being basically shut in downtown Toronto has made it a ghost town. East of Yonge is dead, worse than the 90’s. Lots of stores closured. King West had some people out tonight, no masks.