The last people standing

From Rossland, BC to gritty Toronto to rural Ottawa, nothing – nothing – is normal.

Blame Covid. And it ain’t over yet. Real estate values are being skewed as never before. As a result risk, and its flip side – opportunity, are elevated. The virus has infected the brains and loins of Canadians and we may just be half way through a period which promises lasting consequences.

Blog dog Tom gives us a case in point. “I’ve been shopping real estate in a ski town called Rossland. This little beauty exists in the Kootenays, within the southern interior. 4 hours east of Kelowna,” he reports.

Here, real estate has taken a few jumps, but is still quite affordable to the average city dog. Last year, a decent 3 bedroom house that needed a bit of work was about 350k.Then covid happened. Fast forward to June this year. The real estate market of this little town of 3000 is stormed by city folk fleeing their diseased high density life. Locals like myself are getting outbid left and right. Gentrification now in swing.  Prices have inflated obscenely.

Remember my little snippets on Lunenburg, 5,600 km away on the coast of the Atlantic? Same experience. Multiple bids and prices up 40% in eight months as Ontario refugees through emailed offers on properties they’ve never set foot in. The locals watch. Mystified. Amused.

And look at the scrubby, rocky turf outside the nation’s capital. Sales and values have catapulted higher since the virus hit. Urban Ottawa prices have soared 28% this year (to an average of $622,600), but in the far suburban reaches of Dunrobin they climbed 64%, to $577,000. In Carp, where the goats and llamas prance, there’s been a 84% price gallop, to $865,000.

As you know, sales/prices catapulted in both the GTA and YVR last month. Victoria and Montreal are nutso. The burbs are smoking with detacheds passing an average of $1 million in Mississauga, where all the hairdressers used to live.

But while this occurs, huge changes in the 416 condo market. Yikes. Take a gander at this chart showing sales and down active listings as never before on record.

Source: HouseSigma

Yup. Active listings are running 200% above last year’s levels. As a result, average prices are dropping about $10,000 per month with rents tumbling even faster. Across the GTA tenants are paying 11% less than last autumn, and in the core the cost of a rental apartment is down almost 15%. More to come. You know why.

  • As rents drop and tenants disappear landlords – 40% of whom were already in negative cash flow – panic and sell.
  • As listings grow and prices fade leveraged investors counting on annual capital gains fall into negative equity. They bolt.
  • As the virus returns unemployment among potential renters creates a rental surplus. Students move home, classes are remote. Leases get cheaper.
  • As Covid flourishes the downtown office towers sit at 5-20% occupancy, so WFH eliminates the need to be in the core.
  • The bug’s had a massive impact on psychology. People don’t want to rise in elevators or share garbage rooms. They yearn for street access, back yards and spaces between neighbours.
  • Covid has collapsed immigration. A 70% drop in newcomers to Canada has eliminated a continual pool of new renters coming into the megalopolis.
  • And the bug killed Airbnb. First it was the collapse of travel/tourism, then local politicians banned it, followed by new regs seriously eliminating high-rise condos from the platform. There were 28,000 listings before Covid. Now down 90%.
  • Scads of new condos are coming to market as big projects lurch to completion. More listings. Lower prices.

There you go. The sales-to-listings ratio for condos is the lowest in a decade. Rents could bottom out at a 25-30% decline from February levels. In-demand buildings where listings were scarce even four months ago now have dozens of units on the market. The chickens have come roosting with a vengeance after 50% of all condo sales in recent years went to specuvestors and amateur LLs. The sales avalanche may only have started.

Just in time to chortle, here’s Evan Siddell, the head of our federal housing agency who sounds a lot like a guy who real estate: “Trust me, this game of musical chairs ends and the last people standing are these folks loaded with debt,” he said this week.

Eight months ago, would you have believed me telling you people would be desperate to buy in Carp? Or Rossland? Outer Mississauga? Or rural NS? That prime condos in the financial heartland would be going vacant and devaluing weekly? That the mortgage delinquency rate would be 17 times higher than that of the last 30 years? That we’d have a detached housing boom and price inflation during a recession, unemployment and pandemic?

Nope. Not a chance. But here we are. And just wait till you see what January brings.

222 comments ↓

#1 TurnerNation on 10.08.20 at 3:40 pm

1. The business of sports! Moving so fast in the New System. The old system/culture must be destroyed, our Way of Life they H8.
Of course children, and neutering of basic behavior is the main target:

https://www.tsn.ca/ohl-s-return-won-t-happen-with-bodychecking-or-other-physical-contact-macleod-1.1535686?tsn-amp
“The Ontario Hockey League will have to try to remove physical contact, including bodychecking, if it’s to have a 2020-21 season.”

2. — Always the children. Summer camps. Nope. Shut em down. CV does that too. The old ways of fun and decadance must go Comrade! Pubs, bars, night clubs, rip clubs.

https://cottagelife.com/general/canadian-camps-plea-for-funds-to-ensure-survival/
“The vast majority of summer camps—roughly 80 per cent—are not-for-profit and about one-third of the camper population is from economic disadvantage and/or a vulnerable community, says Stéphane Richard, president of the Canadian Camping Association (CCA), which has appealed to the federal government for funds to help out camps. What this means, he says, is that close to a million children missed out this summer on the chance to enjoy a safe, stable environment dedicated to their self-growth and sense of community and another two million with school programs and outdoor education.”

3. From twiter: “So today I hear kids are getting schooling reduced to 2 days one week/3 days the next,. Friends will be split apart in these cohorts.
This is too make parents give up on schooling. Looks like Ontario teacher unions pushing for universal masking for all ages of kids in exchange for smaller class sizes
They are willing to muzzle your kids for $”

4. The Tally…………………..

#113 TurnerNation on 09.08.20 at 9:17 am
no but the guy making the New System leak/info in late 60’s that soccer would be only permitted sport [In the New System] might be on to something. ..

6 months in and:
– CFL football league is cancelled.
– Toronto Blue Jays baseball team banned from the country.
– NBA players staged a work stoppage
– Games 1, 2 of Stanley Cup hockey final drew very low numbers of audience – per Sportsnet tweet

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#3 Joe Someone on 10.08.20 at 3:47 pm

first

#4 angela on 10.08.20 at 3:51 pm

Re the pic. What a beautiful face. Good boy.

#5 Sail Away on 10.08.20 at 3:54 pm

For me personally, the last nine months has been immensely satisfying.

Endless free time, few distractions, great returns, good hunting, fun hanging with the fam.

So good. So relaxed. More please!

#6 Mr Reality on 10.08.20 at 3:59 pm

When assets become liabilities…… The people who bid up and purchased homes during this pandemic are most certainly the Greater Fools.

#7 aW on 10.08.20 at 3:59 pm

I tried to see a doctor today. I recently moved to Vancouver Island from Alberta and I had no idea how bad things are here. Where does all of the extra tax I’m now paying go? Not one clinic was accepting new patients. The only place available was adjacent a clean injection site. I drove past and didn’t stop. Line up of homeless drug addicts out the door.

What’s the point of socialized medicine if it’s not accessible? I’m going to end up paying for an online consult with Maple. Super pumped to be paying 35%+ in taxes and still need to shell out $75 for fifteen minutes of a doctor’s time.

Maybe moving South isn’t such an empty threat afterall. Without top notch healthcare, what’s the point of living here and paying out the nose?

/end rant

#8 Stone on 10.08.20 at 4:03 pm

Nope. Not a chance. But here we are. And just wait till you see what January brings.

———

New shortage coming considering so many people bought in the burbs and beyond and have no concept of winter there:

Snowblowers!

PREPARE!

#9 CJohnC on 10.08.20 at 4:03 pm

And I wonder how many buyers snapping up properties sight unseen in Carp, Rossland, outer Mississauga or rural NS are themselves just specuvestors looking for an opportunity to flip?

#10 Toronto RE Investor on 10.08.20 at 4:03 pm

I have a new build (condo) in liberty village ready for occupancy in November. Unlikely that I’ll be able to find a tenant for a number of months. If I were to sell, I would likely lose money from what I paid in 2018.

Oh well – I’m a long term real estate investor. 20+ years. The demand will return. Any rental loss generated on this condo will be used to offset my other rental taxable income, reducing my overall taxable income. Same as an RRSP deduction. My employment income puts me in to top tax bracket – so I’m saving 54% tax on any loss claimed. I’ll take it.

I have other Toronto properties bought over the years (semi and detached), so I’ve fared quite well. Strapped in and ready to ride this out.

#11 IHCTD9 on 10.08.20 at 4:06 pm

WTF are all these city folks doing with their new backwater houses 200+ miles away? Retiring? looking for new jobs? No plan?

#12 Ponzius Pilatus on 10.08.20 at 4:06 pm

Friends of ours have 2 rental condos.
One in Surrey, one in Harrison Hotsprings.
One of them has not paid rent for the last 3 months.
The husband just got a job, after being laid off due to Covid.
They are not sleeping well. Wondering what to do.
Wait it out? Sell into a falling market in the middle of the Pandemic?
Two years ago they came into some inheritance money.
They asked us for advice on what to do with it. We told them to read Garth’s blog.
Obviously, they did not take our advise.

#13 Dolce Vita on 10.08.20 at 4:07 pm

“In Carp, where the goats and llamas prance…”

and the carp breach.

BC have humpbacks for that and well Carp, has carp for that [in the river].

————————–

Custer’s Last Stand Garth.

People fleeing people. Kind of hard to do but they think they can. What can I tell you?

Same thing happened in Madrid about the same time as in Canada, now most of the ‘burbs there under lockdown.

You can’t win for losing with the DAMN VIRUS. It will find you and it will smite you in your tracks.

It’s what red tooth and claw Mother Nature does.

It it’s your time, it’s you time. In the meantime do your best and don’t forget enjoy life (the little of it we have left as a species).

———————-

Some VIRUS PORN from Europe.

The Deutscher MSM reporting surging DAMN VIRUS cases there in a dignified and Teutonic way, save one daily (Bild, a fave of mine) which reflects how the Deutscher’s REALLY feel as in FREAKING out (translation unnecessary):

https://i.imgur.com/zFA6JeH.png

And the Italiani, meh…don’t worry be happy, mangia, mangia, wear a mask everywhere [and save yourself €300-1000] and update some centuries old art in the Cappella Sistina:

https://i.imgur.com/SvvY9Zq.png

…and the Deutschers call us Italiani Drama Queens.

As if.

#14 The Woosh on 10.08.20 at 4:10 pm

“ Nope. Not a chance. But here we are. And just wait till you see what January brings.”

—————————————————

Let me guess…1989 all over again?

#15 Icanhazturban on 10.08.20 at 4:11 pm

You forget the most important news, Trudeau is banned from 2021!

Sorry that would be plastic straws being banned.

#16 crowdedelevatorfartz on 10.08.20 at 4:12 pm

@#231 Billybob
“wtf are you talking about?

I’m comparing mindsets in former communist states to the West, you somehow got 2008 GFC out of that? Ok then. Sorry if my references to forced equality and redistribution weren’t clear enough for you. I can only dumb it down so much.”
++++

Yep.
I was talking this morning to a former Vietnamese guy I see at work occasionally.
His father was a successful engineer in Vietnam under the French and US regimes…..then the communists took over.
He vividly remembers the day they were visited by the local cadre and his father, mother and all his brothers and sisters were ordered to stand against a wall in their own home as the man read off a statement seizing everything for “the people”.

Next a lady walked around the house tagging everything of value with colored tape.
To be taken later in the week.
His father was eventually imprisoned and shot…
He….hates …the….communists.

He went back once to Vietnam and vows to never visit again, never to invest there….etc.

I asked him what he thought of Trudeau and his “Universal Basic Income”…..
He’s glared at me, “He’s an idiot and will ruin this country!”

#17 IHCTD9 on 10.08.20 at 4:13 pm

Canada is like a grab bag of surprises. I’d hardly hazard a guess on anything these days – nothing seems tied to reason, metrics, history, zip.

#18 Well travelled on 10.08.20 at 4:17 pm

I suspect that within 12 months there will be a great many unhappy people with suburban / rural properties that they massively over-paid for and many very happy new condo owners who got into the downtown market at fire sale prices. Great buying opportunity for the young who are just starting their careers.
No way that work from home is going to be a long term trend.

#19 Silent Observer on 10.08.20 at 4:20 pm

Meh. That’s how I some up any news on how ridiculous the trends or activity is with RE in Canada. For over a decade the forces that traditionally dictate the value of RE have been nullified. Any sense of fiscal rationality is gone. We truly have become so dependant on RE and all the peripheral industries that benefit from it that we cannot afford to let it correct. The very thought of interest rates rising 2 or 3 points sends shivers down our leader’s spines. Imagine that? Only 2 or 3 points bringing the borrowing to a still historically low 4 or 5 % would decimate the economy. Who would have ever thought this is where we’d be? Incredible, but here to stay.

#20 dave on 10.08.20 at 4:27 pm

BOC of Canada has been on record asking for Stress Test to increase.

Evan Siddell has said 10 to 20% real estate price reduction and is also looking for policy changes.

Is the government going to step in or let the market self dictate.

#21 Captain Uppa on 10.08.20 at 4:30 pm

Dirt always rules. I never, ever, understood the appeal of condos. I would rather rent and save for a detached for my first home. Granted, GTA could be quite hard for that.

Also, when you do away with commuting for the most part, all the sores of city core life come out. A 45 minute one way driving commute is relaxing compared to getting across the city via TTC. And probably takes roughly the same time.

Most young people I know aren’t into the city things people once were. They want nature and small town hipster’ness. A good example is Trinity, Newfoundland. Soon to be Lunenberg, so enjoy your mocha frocha grande herbal lattes, Garth.

I think Covid has merely accelerated what was already stewing.

#22 BayArea on 10.08.20 at 4:30 pm

It’s crazy here in the San Fran Bay Area too. Rents are down somewhat but the townhomes in my development are going within two weeks of listing, zestimates and actual sales STILL within the 1.2 to 1.3M range. It’s business as usual but common sense says it cannot last. Crazy times.

#23 Howard on 10.08.20 at 4:39 pm

The notorious ICE condos downtown have had 100+ rental listings since at least May, when I started checking the numbers regularly. While assuming rotation among the units as some get rented while new ones are listed, there must still be some condos in that building that have been sitting vacant for 6 months or more.

I hope Toronto brings in a vacancy tax, forcing owners to either slash rents even further to attract a tenant, list the unit for sale, or pay lots of extra tax to the municipal government. Bring it on.

#24 Mike in Cowtown on 10.08.20 at 4:39 pm

Wasn’t it the investors and speculators that got whacked at the beginning of the US housing crash in 2007-2008?

#25 Stealth on 10.08.20 at 4:42 pm

Garth, hope you are well.
What are your expectations around the us election and it’s impact to the markets? If you are resting perhaps one of your fine colleagues could explain on the weekend’s post?
For example we haven’t heard from sinan lately.
Also i only watch TVO and there is nothing about that.:)

#26 Prairieboy43 on 10.08.20 at 4:43 pm

A Friend of mine provides home inspection for potential buyers, in Edmonton region. He stated, June, July and August we’re busy. Slow in September. Now October, one inspection week.
PB43

#27 rachel on 10.08.20 at 4:44 pm

Like Tom, I also live in Rossland. Although not many have heard of Rossland, in the before-times (pre-covid) we were already seeing an impact on prices from the influx of Vancouver-area families priced out of the coast, but working remotely so happily willing to relocate here to benefit from a lifestyle of skiing and mountain biking.

I’ve lived here for 10 years, and 5 years ago bought my 730sq ft house (with a half finished basement) for $209k. In August, a realtor told me I could easily get $340k for it. With a second kid on the way we were looking to get a larger house. Hard to say if these high prices will be temporary here, or if the city exodus will only continue to keep them that way, even when the pandemic is over.

#28 Not Amused on 10.08.20 at 4:46 pm

Heading into mid-October and no hint of any mortgage deferral cliff emerging.

While one segment of one metropolitan centre shows some slight decline, the rest of the country is one fire – in every province, every suburb, and every hic town.

Prices up on average 20-30% in communities previously deemed undesirable, compounding the affordability crisis everywhere. No end in sight to price appreciation with the feds backstopping businesses with wage subsidies; individuals with CERB (CRB now); and low rates with their spending.

Locals are not amused at the influx of those fleeing the city and screwing up the local markets – because the trickle down effect will hit them very soon on all levels.

Soon rents rise in those communities; childcare spaces dry up; schools become overcrowded; local service fees go up; traffic; congestion in parks and rec enters – all diminishing the quality of life that locals once enjoyed. Most communities have not planned on the pop growth and cannot handle it.

This is 2017 all over again, and prices are even higher this year. Canadian real estate is truly the best investment if you have it – the worse thing socially if you cannot afford it.

#29 45north on 10.08.20 at 4:47 pm

Eight months ago, would you have believed me telling you people would he desperate to buy in Carp? Or Rossland? Outer Mississauga? Or rural NS? That prime condos in the financial heartland would be going vacant and devaluing weekly? That the mortgage delinquency rate would be 17 times higher than that of the last 30 years? That we’d have a detached housing boom and price inflation during a recession, unemployment and pandemic?
Nope. Not a chance. But here we are. And just wait till you see what January brings.

it’s going to bring desperation. Like we’ve never seen.

oh and Toronto, RE Investor, you’re obviously not the one I’m talking about

The Woosh: Let me guess…1989 all over again?

no it’s not going to be 1989 all over again. Prices went down, but people paid their mortgages. Eventually, prices went back up, over-leveraged investors got out. Not this time.

#30 cto on 10.08.20 at 4:52 pm

#19 Silent Observer

“For over a decade the forces that traditionally dictate the value of RE have been nullified.”

Nothing surprises me now,…nothing…
I wouldn’t be surprised if BOC colludes with Gov to bail out real estate at expense of savers,…maybe tfsa’s. They could reneg on promises , rewrite laws to snafoo tax as needed. It would be politically easy with tfsa’s or any savings for that matter, as most of voting base don’t have them.
They could legitimate it as, ” doing your part for the country”!!

#31 PetertheSeparatistfromCalgary on 10.08.20 at 4:53 pm

“And just wait till you see what January brings.”

Hopefully it brings a vaccine!

#32 Alex on 10.08.20 at 4:53 pm

DELETED

#33 Dolce Vita on 10.08.20 at 4:54 pm

I agree with all of your “More to come. You know why.” points, save ONE:

“And the bug killed Airbnb.”

It’s literally emptied Italian cities like Venezia and Firenze of its locals forcing them to places like the Italian version of Carp to live in (high RE and rental prices) and having a long commute every day for jobs in the downtown.

And the tourists are all wandering around in Piazza San Marco in Venezia wondering where all the locals are besides those at work (serving them).

Why I get mobbed every time I go to Piazza della Signoria in Firenze by tourists…”I had an authentic, sort of Italian, take this photo of me and my family.”

A RARE ANIMAL, the “Free Range Italian” in downtown Venezia and Firenze.

The flip side to greedy AirBnB owners is that they contribute nothing to the local community other than to fatten their wallets and drive less wealthy people out of their homes and far away from work.

There is the human cost to these Ne’er-do-wells and their “investments”.

Personally, I hope AirBnB et. al. are wiped out forever and ever more. Then community can return to Venezia and Firenze like they used to have +20 years ago.

#34 The Woosh on 10.08.20 at 4:58 pm

#11 IHCTD9 on 10.08.20 at 4:06 pm
WTF are all these city folks doing with their new backwater houses 200+ miles away? Retiring? looking for new jobs? No plan?

——————————————————

You missed one:
D) All of the above

#35 Catalyst on 10.08.20 at 5:00 pm

So far, no one is selling at a loss. Everyone is asking high because they need it for their new detached in Caledon. This is going to take a while to play out but if and when actual sold prices start their descent downwards in the TO core, this will ripple outwards because no one is going to pay $500k for a condo in mississauga when they can get a similar unit in TO for $450k.

The other topic of the day I wanted to comment on was the $590 Million!!! we are gifting Ford Motors to protect 3,000 union jobs. At the low low price of $196k per job. If we are going to shoulder all the costs, why don’t we just create a national auto maker and be done with it. How does this news look to you if you are Honda in Alliston or Chysler in Brampton or GM in ingersol. Are we giving each of them $500 Million also? The market cap of Ford is $7Bn and we just gifted them 8% of their market cap for NO EQUITY or DEBT. Maddening.

#36 crowdedelevatorfartz on 10.08.20 at 5:02 pm

Canadian Housing starts down 20% in Sept.
CMHC

https://ca.reuters.com/article/businessNews/idCAKBN26T2AL

#37 Millennial 1%er on 10.08.20 at 5:03 pm

Meanwhile the banks are chilling. All those yucky mortgages are insured by the government anyways. Win win!

#38 John on 10.08.20 at 5:04 pm

January will bring more MMT money

#39 The Woosh on 10.08.20 at 5:07 pm

#26 Prairieboy43 on 10.08.20 at 4:43 pm
A Friend of mine provides home inspection for potential buyers, in Edmonton region. He stated, June, July and August we’re busy. Slow in September. Now October, one inspection week.
PB43

——————————————

Yup. They’re all cash offers with no conditions. Nuts! Nuts! Nuts!

#40 Jake on 10.08.20 at 5:09 pm

Garth, how soon before it’s time to vulch a condo in Toronto’s core?

I agree with you, demand in the core will eventually come back. But, real estate as you say is sticky. So are we looking at months or a year before the bottom?

#41 MaggieB on 10.08.20 at 5:09 pm

#7 aW

Wow, aren’t you the entitled one. You are not the only one who has moved here recently. Thousands of people move to Vancouver Island every year, putting an enormous strain on our medical system.
I was born here, and when my doctor retired, it took a long time to get another. My husband still has no doctor and he has a heart condition.
People should do some research before they move to another province.
And before you start planning to move south, my daughter married an American and lives down there. They pay 600 dollars a month for medical and she recently had to go to emergency. She was billed 5000 dollars for the visit as the monthly 600 doesn’t cover everything.
So quit whining.

#42 Piet on 10.08.20 at 5:10 pm

@#7 aW
Our Vancouver Island family doctor retired about a decade ago and since then I’ve only made one trip to a walk-in clinic about five years ago to get some meds for a gout flare. As more of the aches associated with being a hexagenarian have started to kick in my family members have been encouraging me to get a medical check-up, but the prospect of hanging out in a germ-infested waiting room at a walk-in clinic puts me off. Guess I’ll just keep my fingers crossed.

#43 Faron on 10.08.20 at 5:19 pm

#27 rachel on 10.08.20 at 4:44 pm

You aren’t the Rachel in Rossland I know are you?

My partner and I considered moving to the koots, Rossland in particular and I couldn’t help but think we weren’t the only ones with the idea. Decided against it in the end as the long-term wasn’t clear. We have a friend north of there, so plenty of reason to visit.

#44 Piet on 10.08.20 at 5:21 pm

@#7 aW
For several years now I’ve been getting dental work done during trips to southeast Asia at a small fraction of what it would cost in Canada. Once the pandemic is over it may be worthwhile to make arrangements for medical checkups/treatment over there as well.

#45 KNOW IT ALL on 10.08.20 at 5:25 pm

WHEW…. look at all those new and active listings!

Total sold plummeting.

I remember a similar situation in the U.S. in 2008….

Then POP!!!!

#46 Tulips on 10.08.20 at 5:27 pm

And just wait till you see what January brings.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

No surprises in what’s coming in January – more price increases in the suburbs and rural regions.

The shift in psychology has been made, and is not quickly undone. People have smelled the fresh air of the suburbs, planted gardens, and felt new connection to the beauty of the earth that concrete towers could never provide. They’re not going back. But they are inviting their old friends to come see the new digs and to brag a little. And the friends catch the bug of rural and suburban life themselves and prepare to make the same move. I’m guessing now through January brings more exodus and even higher prices higher in these places.

#47 Dolce Vita on 10.08.20 at 5:30 pm

“And just wait till you see what January brings.”

Who knows anymore Garth.

I mean it’s like every day brings news that you didn’t think was possible as you stated today.

The unthinkable every new day in 2020.

Here’s something UNTHINKABLE for January:

1. COVID-19 dies out just like SARS did without even a whimper.

2. People will be lured back to work in the DT since they will only have to dress nicely from the navel up (women will still be allowed to wear fashionable pumps, which I am all for).

3. Crop dusting planes will shower cities with enviro friendly biodegradable vaccine every day in case #1 does not happen (no biggie for YVR, they are used to that sort of thing already).

4. City Governments will hire fake people to mull about the DT to make it look like it’s busy with hustle and bustle along with #2 above.

5. Nobody show ups for the Cdn Federal Election since the country ran itself just fine without their help. Nobody elected. Cdns keep doing what they were doing. The Civil Service keeps doing what it does best, spend money. Cdns good with that.

6. Rhino Party 70’s campaign promise becomes reality: Provincial and Territorial borders redefined with the AB strip (100 km wid) stretching from the Pacific to the Atlantic, followed by the BC strip, NB strip…and so forth, that way every Province and Territory have the exact same problems. Canada ends up being less bitchy, except for the weather (if a hurricane hits the East Coast, ALL the Provinces & Territories get hit.

A cool Canada.

#48 Coin flip on 10.08.20 at 5:30 pm

Apparently Kamloops is a hot market, top place to invest money

#49 AB on 10.08.20 at 5:35 pm

#41 MaggieB
Welcome to BC. Perhaps you could apply for a job with the tourist bureau?

#50 Wow wow wow on 10.08.20 at 5:37 pm

Wow…
This comment thread real a cross-section of whiny, feckless, Canadian entitlement.
Do any of you have any idea of how good you all have it? Have you ever seen how people live in India, Namibia, or the slums of Rio?
The country (and world) would literally be a better place if you all killed yourselves and let immigrants take your place.
That goes double for #7 aW, Sail Away, and Turner Nation

#51 Shirl Clarts on 10.08.20 at 5:38 pm

#10 Toronto RE Investor on 10.08.20 at 4:03 pm
I have a new build (condo) in liberty village ready for occupancy in November. Unlikely that I’ll be able to find a tenant for a number of months. If I were to sell, I would likely lose money from what I paid in 2018.

Oh well – I’m a long term real estate investor. 20+ years. The demand will return. Any rental loss generated on this condo will be used to offset my other rental taxable income, reducing my overall taxable income. Same as an RRSP deduction. My employment income puts me in to top tax bracket – so I’m saving 54% tax on any loss claimed. I’ll take it.

I have other Toronto properties bought over the years (semi and detached), so I’ve fared quite well. Strapped in and ready to ride this out.

^^^^^^^^^^^^^^^^
I’ve never heard the term “Rental Loss Generated” before. Way to spin it positive!

Curious, can you also offset Insurance, Strata Fees, property tax, and utilities while it sits empty.

You just reminded me that rental income is fully taxable at your marginal tax rate. Ouch! You need a huge down payment just to break even!

I do know one thing – Real Estate is a very expensive investment vehicle, and maybe you can turn a profit after decades.

Most investors substract the purchase price from the sale price, and voila! I made a profit! But wait, what about the initial transaction costs and the “in between” maintenance, the PITH, the strata fees, the special assessments. Then there’s your time invested. Actual profit is quite skewed.

It’s going to be a long time before 2018 condo purchases turn actual profits.

#52 Rainman on 10.08.20 at 5:44 pm

Here in Squamish we are still booming and airbnb rentals are too. A double whammy. Local (BC) tourism has not changed much as people aren’t leaving the country so Squamish is busier than ever. Good for RE, but we’d rather they just all go away.

#53 jess on 10.08.20 at 5:48 pm

makes one go hum…citibank read the whereas and the therefore

shhhh …no fan fare please…. the president is speaking ….communitarians are hard at work lol

On Tuesday, September 29, when all eyes were focused on the presidential debate to occur that evening, the Justice Department issued a press release announcing the fourth and fifth felony counts against JPMorgan Chase in the past six years. In an unprecedented move, the Justice Department did not hold a press conference to explain why the country’s largest bank is allowed to perpetually commit felonies with no change in management. The bank admitted to the charges and was put on a three-year probation – its third such probation in six years. Jamie Dimon, the Chairman and CEO of the bank, who has presided over all five felony counts, was left in place at the bank.

….”the Federal Reserve and Office of the Comptroller of the Currency (OCC) announced consent decrees with Citigroup, the third largest bank in the country. The OCC imposed a $400 million fine on Citigroup’s federally-insured commercial bank, Citibank, and stated in its Consent Order that it had “identified unsafe or unsound practices with respect to the Bank’s internal controls, including, among other things, an absence of clearly defined roles and responsibilities and noncompliance with multiple laws and regulations.”
https://www.occ.gov/static/enforcement-actions/ea2020-057.pdf

https://wallstreetonparade.com/2020/10/citigroup-is-slapped-with-a-400-million-fine-for-doing-something-so-bad-it-cant-be-spoken-out-loud/

#54 crowdedelevatorfartz on 10.08.20 at 5:55 pm

@#48 Coin Flip
“Apparently Kamloops is a hot market”
++++

The only thing hot about Kamloops is the summer…….

#55 Islander on 10.08.20 at 5:57 pm

aW
“Maybe moving South isn’t such an empty threat afterall. Without top notch healthcare, what’s the point of living here and paying out the nose?”

So go back to Alberta. I hear it’s booming there!! Nobody will miss you here, I can assure you.

#56 Steerage on 10.08.20 at 5:59 pm

Well we’ve got militias aiming to kidnap democrat governors, donnie now thinks he’s JC2 and been blessed by the rona, and a fly thinks pence’s head is the closest thing to heaven…

hey party on…

#57 Sail Away on 10.08.20 at 6:01 pm

#49 AB on 10.08.20 at 5:35 pm
#41 MaggieB

Welcome to BC. Perhaps you could apply for a job with the tourist bureau?

———–

Haha, yes. That welcoming, bubbly, effervescent personality will quickly make Maggie a crowd favourite!

I can envision the interactions:

‘Hey Joe, this jackass thinks he can just wander in and get a campground reservation. Ha, good luck. Try downtown under the bridge.’

‘What, you think we keep orcas on display for you? Entitled much?’

‘Your wife broke her arm? Probably her fault for being careless. Best get in the ferry lineup – there’s a 4 sailing wait.’

#58 Hindsight on 10.08.20 at 6:09 pm

WHICH January Garth ???
Its been like 10yrs !!!!!

#59 FreeBird on 10.08.20 at 6:11 pm

#25 Stealth on 10.08.20 at 4:42 pm
Garth, hope you are well.
What are your expectations around the us election and it’s impact to the markets? If you are resting perhaps one of your fine colleagues could explain on the weekend’s post? For example we haven’t heard from sinan lately.
———————
Hopefully he’ll do an update but look thru posts for last month or so and you’ll find all have covered it and basically feel net effect will be neutral either way but best to read the posts. I think Sinan is too busy making his clients money : )

“Who’s in the White House will be moot. So all of this pre-election angst and extremist positioning is useless, futile, destructive and degrading. When it comes to your portfolio, don’t be distracted, tricked or diverted by the headlines.” -Garth

https://www.greaterfool.ca/page/4/

#60 AM in MN on 10.08.20 at 6:12 pm

The pain only comes when the money tap gets turned off.

This is when the banks are squeezed to raise cash, not lend it. They cut all your credit lines down to just over the amount you owe, and say NO to most new loans.

In 2008 in the US, the banks were on an advertising blitz to get people to deposit money into savings accounts, with no more advertising for loans.

Once that happens, the pain turns to panic in a hurry.

#61 tccontrarian on 10.08.20 at 6:13 pm

Well…we do know that Sweden didn’t lock down and they did no worse than UK, for instance. So, the idea that we ‘needed’ draconian measures doesn’t pass the smell test, for me anyway.
As TN reminds us daily, there’s likely a bigger agenda at work, with COV-ID as cover story. Makes more sense than anything, so far.

I’m troubled by what’s been going on, even though I’m quite equiped with investing expertise to ride this out – even prosper. But I worry for my children, who don’t have the benefit of experience or history.

A quote from the Gulag Archipelago comes to mind. I wonder if we won’t be saying something similar in a few years (the last line):

“And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand?… The Organs would very quickly have suffered a shortage of officers and transport and, notwithstanding all of Stalin’s thirst, the cursed machine would have ground to a halt! If…if…We didn’t love freedom enough. And even more – we had no awareness of the real situation….

We purely and simply deserved everything that happened afterward.”

― Aleksandr I. Solzhenitsyn , The Gulag Archipelago 1918–1956

#62 Cto on 10.08.20 at 6:19 pm

38 John on 10.08.20 at 5:04 pm

“January will bring more MMT money”

Thats right John!
In world of new surprises every day, you can know “that” with absolute certainty!
In fact, you can count on that for January the year after as well, and likely the one after that….

#63 Ace Goodheart on 10.08.20 at 6:20 pm

RE: “The Ontario Hockey League will have to try to remove physical contact, including bodychecking, if it’s to have a 2020-21 season.”

Finally.

It is ridiculous that a parent has to tolerate their male child being physically assaulted over and over again, in a way that can cause serious, permanent injuries, just so they can participate in a popular winter sport.

They should ban body checking across the board.

Why it was ever considered OK for professional sports players to physically assault each other during the course of a game is beyond me.

#64 CL on 10.08.20 at 6:21 pm

What the hell is going on in this once great country? Are people emboldened because they know the feds will bail them out with MMT when the bubble bursts? Or will it EVER burst?

Bond purchasers are not stupid to keep this insanity going in this country. Or….are they?? When will it end, will it end, and how will it end…!!!!

#65 AM in MN on 10.08.20 at 6:25 pm

#224 MF on 10.08.20 at 7:23 am
fishman on 10.07.20 at 11:13 pm

Does Argentina have the largest economy in the world as its main trading partner?

I’ll wait.

Nice hyperbole though.

MF

———————————————–

fishman is right, Argentina is a close case study for what might happen to Canada.

Every country has the world as its market, especially for the food and minerals that Canada and Argentina sell.

Argentina would sell more if it adopted private property rights and the rule of law to allow the private sector to sell more and add value. Canada is going their direction.

Yes, Canada will be buffered by close links to the US market for selling real estate, tourism (eventually) and things like movies and video games as well, but the real issue is what happens to the currency.

Massive devaluation of the currency is like theft, but not applied equally. In particular it hits the working class who draw a paycheck, much harder than the asset owning class who have more options.

Those who understand the game will profit from it, but the masses will suffer (especially their grandchildren) as the current generation of decision makers takes everything they can and leaves the debt behind.

Remember, Argentina had a higher standard of living than Canada prior to WWII.

#66 Born in Hamilton on 10.08.20 at 6:28 pm

#35 Catalyst

The other topic of the day I wanted to comment on was the $590 Million!!! we are gifting Ford Motors to protect 3,000 union jobs.
———————————————————-
You take a very shortsighted view Catalyst. I hope that you’re not in charge of anything important. You conveniently left out the enormous investment that Ford Motor will now make in Canada (nearly 2 billion dollars) in return for this incentive money in both Oakville and Windsor, as well as a commitment to assemble no fewer than 5 electric vehicles at the plant in Oakville beginning in 2025. Oh.. and by the way.. the taxpayer has spent plenty of dough to incentivize Honda up there in Alliston. Another 42 million just three years ago.

#67 will on 10.08.20 at 6:32 pm

Carp? Don’t know that town…

#68 AM in MN on 10.08.20 at 6:32 pm

#224 MF on 10.08.20 at 7:23 am
fishman on 10.07.20 at 11:13 pm

Does Argentina have the largest economy in the world as its main trading partner?

I’ll wait.

Nice hyperbole though.

MF

——————————————–

What explains Mexico?

Nations with their own currencies and ability to make laws and policies end up living with their own decisions, can’t blame the neighbours.

The underlying culture of socialism vs freedom and liberty (know as the “Rights of an Englishman” in the British North America Act) is what sets them apart.

Mexico has an underlying socialist & atheist constitution, and the results show. Doesn’t matter who you live near.

“Canada is a Country founder on the principles of the Supremacy of God and the Rule of Law”, so says the pre-amble…I wonder for how much longer.

Note that there is a link between these two….hint; Biblical Law

#69 Petulant on 10.08.20 at 6:33 pm

Let the Utopia commence!

#70 islander on 10.08.20 at 6:41 pm

#7 aW

Yup, I hear your pain!

In the meantime, if you live in the westshore communities (Colwood, Langford, Metchosin, Highlands,Esquimalt, Sooke etc .try:

https://eaglecreekmedicalclinic.ca/new-patient-application

If you live in the James Bay/Fairfield catchment area of Victoria try:

https://www.islandhealth.ca/our-locations/hospitals-health-centre-locations/james-bay-urgent-and-primary-care-centre

I’ve been waiting for 3 years, so join the queue!

#71 kommykim on 10.08.20 at 6:42 pm

RE: #294 Stealth on 10.08.20 at 4:33 pm
#214kommykim on 10.08.20 at 12:56 am
#178 Stealth on 10.07.20 at 8:53 pm
#128 kommykim on 10.07.20 at 6:36 pm
RE: #33 Stealth on 10.07.20 at 3:52 pm
—————–
SNIP!
————————-

Thanks for the comment. I did not imply holding us cash. I meant holding something like VTI trading on nyse which is precisely denominated in us currency. Question is whether funds like vun or similar who also pretty much hold the same assets as vti but is in cdn currency. So question is whether US denominated meaning means must be held in us currency or is cdn currency hold via vun ok. In any case I know this is now an older post , I will investigate and report back. Not urgent , logic bugged me :)

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

For a Canadian, it would be the same holding VUN as it would to be holding VTI. When VUN was originally created for Canadians, it simply held VTI as it’s sole asset. Today, VUN holds the stocks directly to make it more tax efficient in a taxable account.
VUN allows a Canadian to avoid having an American dollar trading account and the FOREX fees associated with that while giving them exposure to American dollar denominated assets. With VUN, the FOREX is done for you inside the ETF.

Your question: ” is cdn currency hold via vun ok.”
My Answer: Yes.

#72 crowdedelevatorfartz on 10.08.20 at 6:43 pm

@#7 aW
” Without top notch healthcare, what’s the point of living here and paying out the nose?”

+++
True enough.
The myth of Canadian health care.
Years long waits for operations, etc.

I always recommend people witing for an operation go on the “cancellation” list.
Inconsiderate A-holes will balk at the last minute when there is a full team of clinical specialists waiting to go.

As for trying to get a new doctor in BC… good luck.
Seems the rest of Canada’s retirees have moved here…..with all their ailments.

Then there are the hypochondriacs that flit to the doctor every time they have a head ache.
I have some friends that must have medical files 3 feet high due to their incessant, life threatening “ailments” that never pan out…..

Perhaps a “user fee” of $25 per visit might put an end to the revolving door of whining, lonely fools that need attention from ….a doctor

#73 Catalyst on 10.08.20 at 6:44 pm

“You take a very shortsighted view Catalyst. I hope that you’re not in charge of anything important. You conveniently left out the enormous investment that Ford Motor will now make in Canada (nearly 2 billion dollars) in return for this incentive”

Most companies have to work for an ROC over 20%, not have it handed out by the government. Do you see restauranteurs getting a $100k grant to build a new restaurant?

And save the insults given you know nothing about me.

#74 Faron on 10.08.20 at 6:45 pm

#291 IHCTD9 on 10.08.20 at 3:27 pm

It’s not your fight Robin. If you can’t understand why I extended Sail Away’s words to link them to his other written tropes pulled from the Jordan Peterson/Daily Stormer playbook (okay, DS is a little harsh, lets go Andy Ngo/Post Millennial), then just please stand down and stand by.

But, if you want to jump in, do so by addressing what is at the heart of the blase statement that “equality is equality” and considering why Pence would never have to emphasize his white maleness. Constructively tell us why large disparities exist between long-standing national demographics and the demographics of the powered class? Tell us why those disparities increase as one looks rightward in the political spectrum (last I checked when I stepped on Garth’s toes here a while back). The typical arguments tend to be thinly veiled and boil down to capability. Assigning specific capabilities to race/gender very rapidly leads down the road to racism and sexism which can then further devolve. Don’t like my logical extensions? Offer your own or focus your noble attentions elsewhere.

And, no I don’t think the collective you who take offense at having structurally racist/sexist statements pointed out to them are stupid. I think you are blindered as I surely am about other things. Ultimately, it would be great if your recognized the extent, but since this is an internet pissing match in the echo chamber of the right, I’m sure no minds will be changed.

Have a good evening

#75 crowdedelevatorfartz on 10.08.20 at 6:52 pm

@#50 wow
“Do any of you have any idea of how good you all have it? Have you ever seen how people live in India, Namibia, or the slums of Rio?”

++++

Hmmmm
Where do I want to holiday this year?
The slums of Rio?
No…. I think seeing the huge rats of Calcutta’s impressive slums would be far more entertaining…..
Or the Bush Meat markets of Namibia…….YESSSS!
The Bush Meat markets it is!

Idiot.

#76 Apocalypse2020 on 10.08.20 at 6:53 pm

And just wait till you see what January brings.
———

I fear many readers here may not live to see January.

By that time, global chaos will be fully here.

The USA is already gearing up for Civil War after November 3, with all-too-common extremists plotting attacks on Governors.

https://edition.cnn.com/politics/live-news/fbi-plot-michigan-governor/index.html

This is only the beginning, more will be weaponized soon. Guns everywhere.

And as Trump gets sicker, Iran and Russia will be ready to pounce, as well as China and NK. Nuclear? Probably.

Epic times ahead, for those who survive. They won’t be living in big cities.

PREPARE

#77 Ponzius Pilatus on 10.08.20 at 7:02 pm

#7 aW on 10.08.20 at 3:59 pm
I tried to see a doctor today. I recently moved to Vancouver Island from Alberta and I had no idea how bad things are here. Where does all of the extra tax I’m now paying go? Not one clinic was accepting new patients. The only place available was adjacent a clean injection site. I drove past and didn’t stop. Line up of homeless drug addicts out the door.

What’s the point of socialized medicine if it’s not accessible? I’m going to end up paying for an online consult with Maple. Super pumped to be paying 35%+ in taxes and still need to shell out $75 for fifteen minutes of a doctor’s time.
—————-
You just moved here and are already expecting VIP health care treatment.
Line up buddy, like everyone else.
75 bucks is a good deal. Move to the States and see what it costs.

#78 crowdedelevatorfartz on 10.08.20 at 7:06 pm

@#2 Dogman01

Re

https://www.pakin.org/complaint

+++++

Hah! I typed in SNC Lavalin.
Awesome.

#79 Cici on 10.08.20 at 7:06 pm

I’m wondering if most of the rural buyers are soon-to-be retirees who have sold off their suburban estates at all-time inflated prices and are now switching up to quieter quarters where, even after paying top dollar for local housing, they’ll have cash leftover to fund their retirement nestegg?

#80 AGuyInVancouver on 10.08.20 at 7:07 pm

“..Covid has collapsed immigration. A 70% drop in newcomers to Canada has eliminated a continual pool of new renters coming into the megalopolis..”
_ _ _
Oh. My. God.

Did Garth Turner just admit immigration has driven up Canadian housing prices to ridiculous levels? Covid really has turned the world upside down!

I wrote ‘pool of new renters’. Sheesh. – Garth

#81 Faron on 10.08.20 at 7:08 pm

#77 Apocalypse2020 on 10.08.20 at 6:53 pm

PREPARE

Can you at least be so kind as to inform us how we should prepare? Fartzy’s 3-Bs? Move to an abandoned salt mine? Load up the boat and take to the high seas? XBAL?

#82 Looking up on 10.08.20 at 7:08 pm

77 Apocalypse2020 on 10.08.20 at 6:53 pm
And just wait till you see what January brings.
———

I fear many readers here may not live to see January.

By that time, global chaos will be fully here.

The USA is already gearing up for Civil War after November 3, with all-too-common extremists plotting attacks on Governors.

https://edition.cnn.com/politics/live-news/fbi-plot-michigan-governor/index.html

This is only the beginning, more will be weaponized soon. Guns everywhere.

And as Trump gets sicker, Iran and Russia will be ready to pounce, as well as China and NK. Nuclear? Probably.

Epic times ahead, for those who survive. They won’t be living in big cities.

PREPARE

—————

You need to get out more.

#83 The Woosh on 10.08.20 at 7:09 pm

#50 Wow wow wow on 10.08.20 at 5:37 pm
Wow…

————————————————

Garth – Are you now allowing posters to include comments about self harm on others?

Apparently. – Garth

#84 Ponzius Pilatus on 10.08.20 at 7:10 pm

#23 Howard on 10.08.20 at 4:39 pm
The notorious ICE condos downtown have had 100+ rental listings since at least May, when I started checking the numbers regularly. While assuming rotation among the units as some get rented while new ones are listed, there must still be some condos in that building that have been sitting vacant for 6 months or more.

I hope Toronto brings in a vacancy tax, forcing owners to either slash rents even further to attract a tenant, list the unit for sale, or pay lots of extra tax to the municipal government. Bring it on.
————-
Bringing in a vacancy tax?!
You communist, you!
Let the visible hand sort this out.

#85 crowdedelevatorfartz on 10.08.20 at 7:13 pm

@#77 Apocalypse2020
“I fear many readers here may not live to see January.
By that time, global chaos will be fully here.”

++++
Good God Poxy!
You have been threatening us…. Nay.
PROMISING us death and destruction for 5 years now……
Time to admit…… The End of the World aint Nigh.

I’m almost wishing you were right just to stop the endless, incessant, incorrect faux “prediction”.

Tell you what.
If I win the Lotto Max I’ll personally send Kim Il Jong a message from you that his nuclear missiles are bigger than his male appendage…..that otta stir the Apocalypse meter a bit to the right.
Perhaps a Presidential Lysol injection might do the trick?

#86 SHANE GALLANT on 10.08.20 at 7:16 pm

I think it will keep going up! Maybe not the condos but the GTA.

#87 crowdedelevatorfartz on 10.08.20 at 7:19 pm

@#75 Faronista
“But, if you want to jump in, do so by addressing what is at the heart of the blase statement that “equality is equality” and considering why Pence would never have to emphasize his white maleness. Constructively tell us why large disparities exist between long-standing national demographics and the demographics of the powered class? Tell us why those disparities increase as one looks rightward in the political spectrum ”

++++

How much money DID you waste on that useless degree?

You could have invested that money and been one of us….the elites….the chosen…..the rich……
YESSSSSS
Come over to the Dark Side ( opps racist! sorry).
Learn to harness the power of the force.

#88 Ponzius Pilatus on 10.08.20 at 7:19 pm

#16 CEF
I can understand your Vietnamese buddy’s hatred for Communism.
What’s your reason?

#89 Bezengy on 10.08.20 at 7:24 pm

#64 Ace Goodheart on 10.08.20 at 6:20 pm

RE: “The Ontario Hockey League will have to try to remove physical contact, including bodychecking, if it’s to have a 2020-21 season.”

They should ban body checking across the board.

——————————

Agreed.

I reffed a lot of hockey and ringette throughout the years, and still do. The best hockey games I reffed were invitation no hitting tournaments where elite players could show off their talent without the threat of a life altering injury. At a bare minimum there should a severe penalty for unnecessary roughness, like football.

#90 IHCTD9 on 10.08.20 at 7:25 pm

#21 Captain Uppa on 10.08.20 at 4:30 pm

Most young people I know aren’t into the city things people once were. They want nature and small town hipster’ness.
— –

That’s called getting older :). I never liked cities much past 40, even visiting one for some event/attraction eventually became a royal PITA.

Some day you might find yourself thinking about selling that 7 figure patch of city dirt, packin’ it up and bringing it out West – Cowboy style…

https://www.youtube.com/watch?v=glb2U6y-GdU

#91 Nonplused on 10.08.20 at 7:33 pm

Well, it still ain’t happening in and around Calgary. We’re still barely higher than we were in 2007. And there are tons of 2-4 acre plots all around the city that are an easy commute to downtown once WFW begins again, so no real risk in moving into one. They are selling, slowly, but the sellers aren’t getting what they are asking for them.

But the new trend in Calgary is “NWFH” (not working from home). With oil prices in the cellar that probably isn’t going to change any time soon. You’d think by now there wouldn’t be anybody left to fire but they keep squeezing a few more out the door every week.

Interesting to see how Ottawa has gone from being significantly below Calgary to above in just this year. The trend seems to have been underway before covid though.

http://www.chpc.biz/6-canadian-metros.html

The triangle patterns Brian has highlighted for Vancouver and Toronto could indicate we are going back to crazy in those cities in the near future, for single family detached homes anyway.

#92 Ponzius Pilatus on 10.08.20 at 7:35 pm

#66 AM in MN on 10.08.20 at 6:25 pm
#224 MF on 10.08.20 at 7:23 am
fishman on 10.07.20 at 11:13 pm

Does Argentina have the largest economy in the world as its main trading partner?

I’ll wait.

Nice hyperbole though.

MF

———————————————–

fishman is right, Argentina is a close case study for what might happen to Canada.
———-
Can you doomers please make up your minds:
Will Kanata soon be the next Venezuela, Argentina or Cuba?
I wanna be prepared.
Thanks

#93 Conspiracy Theory on 10.08.20 at 7:41 pm

Anybody else notice that only Republicans tend to catch the covid? Is this some sort of election strategy? Oh well the good news is we’ve been spared a second debate. I don’t think anybody changes their mind based on these things anyway.

#94 Steerage on 10.08.20 at 7:42 pm

Buy Dief’s place….old, rural, brewery next door and maybe there’s an old Avro buried in the yard……

https://nationalpost.com/life/homes/historic-house-where-former-pm-john-diefenbaker-was-born-in-southwestern-ontario-up-for-sale

#95 Flamed out in Kitchener on 10.08.20 at 7:45 pm

Outside of everything going on these days, todays picture just went straight into my heart. Brings it all to what really matters.
Thanks Garth.

#96 belly rubs on 10.08.20 at 7:49 pm

#7 aW
” Without top notch healthcare, what’s the point of living here and paying out the nose?”

I live in BC, rural, and as my medical care system I bought a combat tourniquet kit, fancy bandaids, better chainsaw chaps, and I check three times (instead of twice) before I cut. It’s also wise to locate a grandma with a herb garden, get a bottle of Tangle Leg to sterilize, and the BC Healthbook which has a few helpful how-tos. Also, get a pre-emptive tetnus shot, avoid anything that causes an allergic reaction, and don’t pet the bears. Don’t pet the big kitty cats either.

Back during Expo 86, we had an awesome medical system, lots of teaching hospital facilities, medical schools, great doctors, I thought we were becoming the Alexandria of medicine. We could have taken in guest patients from abroad and run a sideline profit medical induatry that paid for the locals’ care. Then the Clark NDP government got in and stripped it down to bare bones, closed mental hospitals, and began talking about increased community healthcare, which eventually meant…you are on your own. Oh, and find a midwife if you are starting a family.

#97 Drill Baby Drill on 10.08.20 at 7:50 pm

Sorry but basic common sense seems to have left this blog and Canadians in general. When interest rates rise (and they will) and oil prices rise then look out Canada and our unbelievably high debt load.

#98 SoggyShorts on 10.08.20 at 7:50 pm

#287 Faron on 10.08.20 at 2:50 pm
#277 SoggyShorts on 10.08.20 at 1:47 pm

That was a weird point to pick up on Soggs. What is your explanation for the disparities between the racial and gender make up of a society and the racial and gender make up of the powerful class? Is it qualification? If it is, why is it that white men consistently become “more qualified” to lead in the US and Canada which is what we have to assume your meaning is if proportion of jobs held is directly proportional to skills acquired (hint, it’s not, but if it is, there’s still the problem of the achievement gap)?

Kamala, by dint of race and gender, likely has had to overcome many more headwinds than Pence. This demonstrates that she probably has more energy and drive than Pence and these intangible attributes is worth noting. No one falls off a log and becomes VP or VP candidate, but the path from childhood to VP for pence was almost certainly riddled with fewer barriers than the path Kamala travelled. I could be wrong in this singular case, but in general there are endless troves of statistics that bear this out convincingly. Not acting on those numerical facts is burying your head deep into the clefts of your soggy underpants.
**********************
Wow again. You’re the worst at extrapolation.
How you take a sentence or two and think that you know someone’s entire position on 4 or 5 different subjects would be impressive if you weren’t so wrong.

As far as the specific case of Harris V Pence (which is all I was or am currently talking about):
You diminish her by bringing up her race and gender as she does herself. She has an excellent resume, and her accomplishments and record are what she should run on, not her accident of birth. It was a mistake when Hillary thought people should/would vote for her simply because of her gender, and it’s a mistake for Harris to bring it up too.

I think you’ll probably hate this, but there’s a case to be made that Harris had fewer obstacles for a VP spot than Pence:

You yourself pointed out that the field is dominated by old white men. Pence had to beat them all.

Conversely, not a single man in the world was going to be considered to be Biden’s running mate, and being any ethnicity other than caucasion was a significant advantage for being chosen. So by virtue of being a black woman Harris beat out 80%(?) of the competition.

That being said, I hope she becomes V.P.

#99 Barb on 10.08.20 at 7:54 pm

“4 hours east of Kelowna,…”

on one of the worst roads in B.C. during winter.

#100 Alphonse Kehaulic on 10.08.20 at 7:54 pm

January brings the aftermath of the Davos conference. No going back to The Old Normal. Suckers.

As for Mr Siddell he lost me at “Trust me…”

#101 Sail Away on 10.08.20 at 7:55 pm

#75 Faron on 10.08.20 at 6:45 pm

———-

Faron, I’m going to take a pass on all that stuff you write about, but if constructing strawmen and annihilating them makes you happy and gives a sense of achievement, then you have my permission to continue doing that.

I have to go now since it’s a lot of work being the first successful Venezuelan engineering company owner in my area. You don’t know the hell I endure. Sometimes I don’t believe it myself. Yesterday, a ‘ruling class patriarchy’ dude burped as I walked by. Classic micro aggression. And this happens ALL THE TIME! It’s been hard. So hard. But somehow, against all odds and thanks be to Chthulu, I’ve managed to succeed in a small way.

#102 crowdedelevatorfartz on 10.08.20 at 7:55 pm

@#89 Ponzie Plot
“What’s your reason?”

++++
Gee I dunno Ponzie.
The 1 million Uighers imprisoned in China?
The millions murdered by Stalin in Purges?
The starvation of Venezuela?
The arrogance of the Leaders that think “they know best”?

How’s that for a start?

Trudeau’s dalliance with socialist programs is but the start of a slithering slimy descent into the “Nanny State” where the bureaucrats know best…. Ugh.

Democracy today may be a prostituted charlatan of its former self …….but at least we get to throw the reigning bums out for new corrupt bums every few years……

#103 Barb on 10.08.20 at 7:58 pm

“Eight months ago, would you have believed me…”
——————————-
The Honourable Garth Turner, Seer.
Always bang-on!

#104 Yukon Elvis on 10.08.20 at 7:59 pm

I know people who live in or near the Okanagan and commute to Vancouver / Alberta to work. Some fly and some drive. Work a 4 day week in Van, sleep in friend or family member’s spare bedroom…..drive four hours back home or fly one hour….it works for some people. We do what we have to do….

#105 ronh on 10.08.20 at 8:02 pm

RE in Canada today, blow-off top?

#106 akashic record on 10.08.20 at 8:02 pm

#89 Ponzius Pilatus on 10.08.20 at 7:19 pm

#16 CEF
I can understand your Vietnamese buddy’s hatred for Communism.
What’s your reason?

History. Present.
What else do you need to still like it?

#107 DON on 10.08.20 at 8:09 pm

@#7 aW

Welcome to Retirement Mecca.

Vancouver Island

My wife just got the family a Doctor…everyonrexcept me I still have to go to the walkin clinic (now online which is good).

The wait is long at the moment due in part from the influx of retirees starting with the freedom 55ers in the mid to late 90s (last time I had a dedicated Doctor). Retireement growth in the smaller communities on the eastern part of the island from Campbell River down to Victoria boomed in the early 2000’s from all over Canada…International etc.

Health care nurses etc in theses communities are run off their feet as the level of care on a daily basis is daunting. I know a couple Pallative care nurses in smaller communities who go house to house to check on clients.

So unless your illness is persistant or critical go for a dip in the ocean and get some salty air in your lungs and rest.

#108 conan on 10.08.20 at 8:10 pm

It is not just elevators and garbage room, it is buildings with old HVAC. Shared air that is not refreshed 6 times an hour is the new bogeyman.

I think we will be having lock downs again myself. Perhaps 30 days in length whenever the covid count gets too high. We could have 3 more of these lockdowns before vaccines go mainstream.

#109 DON on 10.08.20 at 8:14 pm

@#7 aW

Welcome to Retirement Mecca.

Vancouver Island

My wife just got the family a Doctor…everyone except me. I still have to go to the walkin clinic -(now online which is better).

The wait is long at the moment due in part from the influx of retirees starting with the freedom 55ers in the mid to late 90s (last time I had a dedicated Doctor). Retireement growth in the smaller communities on the eastern part of the island from Campbell River down to Victoria boomed in the early 2000’s from all over Canada…International etc. New subdivisions everywhere. Contractors galore.

Health care nurses etc in theses communities are run off their feet as the level of care on a daily basis is daunting. I know a couple Pallative care nurses in smaller communities who go house to house to check on clients.

So unless your illness is persistant or critical go for a dip in the ocean and get some salty air in your lungs and rest.

And try to enjoy the rain.

#110 The Woosh on 10.08.20 at 8:15 pm

#84 The Woosh on 10.08.20 at 7:09 pm
#50 Wow wow wow on 10.08.20 at 5:37 pm
Wow…

————————————————

Garth – Are you now allowing posters to include comments about self harm on others?

Apparently. – Garth

———————————————

Well…that’s disturbing.

#111 Stone on 10.08.20 at 8:20 pm

#84 The Woosh on 10.08.20 at 7:09 pm
#50 Wow wow wow on 10.08.20 at 5:37 pm
Wow…

————————————————

Garth – Are you now allowing posters to include comments about self harm on others?

Apparently. – Garth

———

Because…balance? Or unbalanced?

#112 Doug t on 10.08.20 at 8:23 pm

Who knew that a country could wholly rely on its housing market to maintain the economy (along with the governments and banks help) – truly sad – when this bloated, over manipulated fat pig drops dead then this country is going to get a huuuuuge kick in the nuts

#113 Garth's Son Drake on 10.08.20 at 8:26 pm

Garth, I have telling you this all year. Rossland and places in the Kootenays are huge buys. People finally picking up on it. So what if there are bidding wars in Rossland. It is still under 400. The Kootenays is the most pristine place in BC.

Lastly, Evan Siddal saying “Trust me”….yeah, sure Evan.

This is all you need to know today – Covid is in the rear view. The treatments coming out of phase III trials are just as good as a vaccine. 3rd world Canada will eventually get this in the coming months, probably Feb.

#114 Sara on 10.08.20 at 8:26 pm

“I have to go now since it’s a lot of work being the first successful Venezuelan engineering company owner in my area.”

You are also very successful in your attempts (at this blog anyway) to portray yourself as a narcissistic blow-hard.

#115 YVROptimist on 10.08.20 at 8:29 pm

Few tidbits about Rossland. I don’t live there, but I have owned property there and several family members live there.

One, it’s in the middle of nowhere. Commenter #100 -Barb says “on one of the worst roads in B.C. during winter.”

So true. Highway 3 is not much fun; 3B is less fun. I have driven it several times when the snowplow just sort of ‘forgot’ about it.

It’s 2.5 hours North of Spokane; an hour from Nelson and a 6,000-foot pass (The Salmo-Creston) from the closest airport with IFR. Castlegar airport isn’t known as “Cancelgar” for no reason.

Going on, more about the real estate – in a town that small just a few sales one way or the other can throw tings truly out of whack. You only need a dozen rich skiers who want a winter house there to totally upend the market.

Also, building up there is outrageously expensive. I was looking to construct a 2-unit rental property and the construction costs alone were going to be close to $1 million. That’s on top of the $74,000 I paid for the lot.

Rents are low as well. The market there is quite unlike the Vancouver market in every possible way.

Still, though. It’s a lovely spot and my GOD, the snow…

#116 Nonplused on 10.08.20 at 8:30 pm

#64 Ace Goodheart on 10.08.20 at 6:20 pm
RE: “The Ontario Hockey League will have to try to remove physical contact, including bodychecking, if it’s to have a 2020-21 season.”

Finally.

It is ridiculous that a parent has to tolerate their male child being physically assaulted over and over again, in a way that can cause serious, permanent injuries, just so they can participate in a popular winter sport.

They should ban body checking across the board.

Why it was ever considered OK for professional sports players to physically assault each other during the course of a game is beyond me.

————————

Ever played hockey before? It can be played non-contact but the little timbits kids can’t help crashing into each other. Even the adults playing non-contact crash sometimes. Skating isn’t like shoe sports.

#117 REIN me in on 10.08.20 at 8:31 pm

Victoria is so yesterday.

Kelowna is the new Vancouver. You should see the towers and development hitting Kelowna. You would think the Olympics were coming.

But no Olympics, just a Gregor style mayor raised by Christy Clark and who knows how to leverage what sells – RE. And there are not enough units in Canada for the entire world to buy. Everyone is getting rich here like what happened in Vancouver.

Build baby, build!!!!!!!!!

#118 Sara on 10.08.20 at 8:34 pm

@ Faron

#102 Sail Away on 10.08.20 at 7:55 pm
#75 Faron on 10.08.20 at 6:45 pm

———-

Faron, I’m going to take a pass on all that stuff you write about, but if constructing strawmen and annihilating them makes you happy and gives a sense of achievement, then you have my permission to continue doing that.
================

Give SailAway a break will you! He can’t handle that level of debate. You have to remember SA is *extremely* handicapped by his personality disorder. How many times do I have to remind you of that? Sheesh.

#119 belly rubs on 10.08.20 at 8:34 pm

#48 Coin flip on 10.08.20 at 5:30 pm
Apparently Kamloops is a hot market, top place to invest money.

The only problem with Kamloops is the TNRD. They regulate. It is illegal for your kids to pitch a tent and camp overnight in your own backyard. Check it out. If I want to spend a night in the woods on my own land, I must leave and sleep on a roadside pull off. Fortunately, I am bordered by Crown Land, so I only have to move off my property by 3 metres. Please correct me if I am wrong, but I am well aware of the facebook lobby group challenging this adhoc statute.

If you like desert life, Ashcroft is the place. The desert in Osoyoos is fake, a PR stunt.

#120 Bait and Switch on 10.08.20 at 8:40 pm

My neighbor just sold his Kelowna home for a nice 400k profit over 2 years.

Typical boomer playing the market who is heading to Rossland to buy a similar home for half the price with a bigger piece of land. Less neighbors in his face.

Same play book as what happened in Vancouver. First it was Vancouver, then Fraser Valley, then Kelowna, now every little rural place everywhere.

Keep biding your time and you will be looking at setting down affordable roots in another country that is not named Canada. I think the masses are getting the picture. This melt up in real estate has just started.

#121 Born in Hamilton on 10.08.20 at 8:40 pm

#74 Catalyst
And save the insults given you know nothing about me.

————————————————————

My genuine apologies if you were insulted.

#122 Ponzius Pilatus on 10.08.20 at 8:41 pm

# 103 CEF
Do you REALLY think that Communists will take over Canada and kill millions?
Take it easy on the steroids.

#123 crowdedelevatorfartz on 10.08.20 at 8:46 pm

@#100 Barb
“one of the worst roads in B.C. during winter.”
+++++
I beg to differ.
I visited family in Kitimat in 1983 at Christmas .
The entire Province was in Deep Freeeeeeze.
Even vancouver was hitting record lows.
I decided to take the bus rather than risk my crappy car……..

The busses pulled into Prince George ( affectionately referred to by Truckers as “Pigs Gorge”) terminal and stopped….. Wind chill …minus 65.
Everyone was in the coffeshop with all clothes on. the building heaters couldnt keep up.
Urine was frozen inches thick in the urinals in the bathroom.
More busses kept pulling in.
12 hours later the wind stopped.
It was now minus 40 and we could continue on our Christmas journey……
Almost hit 3 moose on the ice glazed highway heading towards Rupert.
(I never could believe a Bus could “drift” sideways and return to the lane until I witnessed it at 3am……..but we missed the moose)
Pulled into the Kitimat bus station at 7am….still minus 40c with the wind gusting.
I was the only passenger to get off and the guys in the post office took pity on me since the bus station heater was broken ……and they let me sit on a sack of Christmas mail while I waited for my ride

Caught a small passenger ferry to Kemano in the wind and waves…. bitterly cold…. every passenger except me was vomitting in airplane bags…. kids screaming, crying……..3 hours later…..terra firma….
I thanked God ………and spent Christmas 1984 in Cabo San Lucas in my car……. but that is another story for ……another day.

#124 Bear on 10.08.20 at 8:52 pm

#7 aW

Download babylon Telus Health. You can reach a doctor 24hrs a day free of charge. The doctor will be from BC.

If you live in Alberta the doctor will be from AB. Now available in Ontario and Quebec. Works great.

#125 Mel on 10.08.20 at 9:00 pm

I see the welcome to beautiful British Columbia crowd are all out tonight LOL

#126 David Pylyp on 10.08.20 at 9:00 pm

“As Covid flourishes the downtown office towers sit at 5-20% occupancy, so WFH eliminates the need to be in the core.”

As Covid is vanquished.. HOW long would it take for the employees to take the elevator upstairs ( Say the TD or RBC Towers) with a max capacity of 4 people per elevator?

WFH may indeed end but the stigma and hesitation will remain much longer.

David Pylyp
Real Estate in Toronto

#127 Faron on 10.08.20 at 9:01 pm

#98 SoggyShorts on 10.08.20 at 7:50 pm

I also hope she becomes VP (obvs), but for me it has less to do with who she is (her criminal justice stance is overly punitive IMO) than my radical distaste for Trump as I’ve witnessed him over the past 20 years and absolute abhorrence at people like Pence. That he refers to his wife as “mother” and is not allowed to be alone with women in any capacity is just not something I can’t stand by and strikes me as highly regressive, not just conservative. Don’t get me started on extending what that limited bit of information about him tells me about his beliefs :-).

Regarding the argument: yep, nope, you still don’t understand.

You yourself pointed out that the field is dominated by old white men. Pence had to beat them all.

If Pence hadn’t won among the sea of white Christians you indicate in the Republican Party, there would have just been another white man pulled from the sea and my point would still be made. Sorry, off the mark.

But, you may be beginning to grasp the point. Essentially, say trump has 100 people to choose from and those people were all equally qualified and proportionally represented the racial and gender make-up of the US, or even US republicans as a whole. And say that’s always the case when roles of power are filled. Statistics would tell us that, if enough samples were taken, the positions filled would have a racial composition identical to the pool sampled from. We know that’s not the case. Why? No party meets that criteria although the further left you look, the closer the stats get.

“equal is equal” sounds noble just as “all lives matter” sounds noble and both statements are objectively correct if you don’t take history and nuance (you know, humanity) into account. What you are really saying is “these two people have equal qualifications on paper (I don’t argue with that) and their life trajectories and racial/gender make-up did not and do not shape who they are or how they are perceived.” If that was true, then you would expect equal representation of races and genders in positions of power which we know isn’t the case. So the answer I want is to the question “why the difference” in case I haven’t repeated that enough times here today. You can also choose to answer why the homeless in Victoria are disproportionately first nations which is the other side of the same coin.

I’m completely justified in taking this there because Sail Away has let an epic volume of verbiage slide out of his mandibles onto our screens (via Garth, bless his seeming tolerance for my pedantry) that imply he’s ignorant of the above history and nuance and selection bias. He’ll give you “upbringing matters” but certainly won’t concede that people are treated differently based on race and gender in the US. He’s said that, if anything, minorities get a stronger leg up from the get go and should be flourishing because they are preferred. He will even go so far as to say I’m racist for noticing. This doesn’t mean he’s racist in the least. I’ve learned that much.

Regarding Biden’s limiting the pool of candidates to women and further to women of colour is simply not a problem for me. Likewise for Trudeau making cabinet selections along similar lines. Here’s why: the pool of applicants for that job, while starved of diversity, isn’t completely lacking in it. And Trump has shown us that one doesn’t have to be particularly adept at policy making or even have tact in order to hold the highest role in the land. So, if there are many choices to be made among equals and in light of a selection bias that makes people err toward choosing people that are like them, it’s commendable, or at least acceptable, for Biden to choose someone who everyone knows will resonate with the black, female and black female portion of the voters he is trying to bring more firmly into his base. If you don’t like that, you have to also not like that Pence was almost certainly chosen along racial and religious lines, but they are just normative and expected lines so it was much less obvious and not at all controversial to you or most others. Trump needed to win the Evangelical base in ’16 and Pence was milquetoast and pious enough to be the one to help him do it — yer hired!

Having written the same thing 10 times in different ways, I’m done here.

#128 the Jaguar on 10.08.20 at 9:03 pm

@#11 IHCTD9 on 10.08.20 at 4:06 pm
WTF are all these city folks doing with their new backwater houses 200+ miles away? Retiring? looking for new jobs? No plan?
————————————-
It would be nice if we had a breakdown on the age demographic of those exiting stage left to those ‘backwater’ houses, but if based on the Baby Boomer years ending in 1964 that would make the youngest of the Millennial’s favourite darlings 56 years old. The rest older, but a significant percentage still hanging out in their mid century modern digs in places like the GTA. As retirement age approached many experienced the magical increase in property values while still working thanks to the house horny speckers. Now those who may have retired, comfortably tending gardens, travelling, taking photos of their fluffy white Chow dog in front of azalea bushes etc., may even have been approached by their previous employer to ‘come back to work’. Their experience proved invaluable and they were still needed. Guess the Millennials couldn’t quite catch the reverse volley on the court. Why the hell not?
So they began the double dipping. Collect the pension, work at the old rate of pay, keep your options open while you decide whether you still want to spend retirement in a city that doesn’t resemble the one you used to know and love. One more aligned with Gotham City at its worst. Drugs, homelessness, crime, traffic, noise, the nightmare neighbour next door with his band saw, leaf blower, power washer, and barking Pitt Bulls. Mercy.

So Covid comes along and guess what? Time to pull the pin. Writing on the wall. Especially with the sage advice of the angelic Evan Siddall speculating on a reversal of fortunes. It’s like Moses coming down from Mt. Sinai with the tablets, for chrissakes. What’s to lose by pulling up stakes, cashing out to some greater fool and landing in a green, sane safe space like Huntsville, Rossland, or other lesser known gems in the quiet countryside. The grandkids can visit, you can visit them, or even scoop up some super cheap weekend condo in the big smoke when you want to bring back the urbane vibe. GT still keeps a property in his big smoke if I read his comments correctly.

The worlds a smaller place these days. Internet, WIFI, streaming, instead of going to the movies, the magic of local organic produce from nearby vendors, and like minded people living next door. What’s not to like? Timing the markets is dangerous, but timing remains important in other matters. It used to be called ‘cutting your losses’.
The ‘mega cities’ are on a sinister journey to another reality. And news flash folks – it was well underway before Covid blew into town.

#129 Hawkeye on 10.08.20 at 9:06 pm

Canada no longer has a Prime Minister we have a DICTATOR, ROCK STAR he will do anything to be on TV and stay in power and no we have no say as people of this country the NPD keep him in power.

#130 the Jaguar on 10.08.20 at 9:07 pm

#4 angela on 10.08.20 at 3:51 pm
Re the pic. What a beautiful face. Good boy.

I forgot this. Yes, a beautiful face and a good boy. What a treasure he has been in some person’s life. There really are no words.

#131 Editrix on 10.08.20 at 9:15 pm

Two things:

1. A management friend in the animation business (which is all WFH at the moment) says productivity is down 30% and he’s having a heck of a time managing his underlings.

2. Two houses on the next block are “coming soon” to the sales market. It seems to me they missed the summer buying frenzy. Perhaps they are among the poor souls who have been deferring their mortgages, and are selling to get something before the bank steps in.

#132 Kat on 10.08.20 at 9:26 pm

Downtown Vancouver hasn’t declined, too bad would have been a good buying opportunity if it had.

#133 Steven Rowlandson on 10.08.20 at 9:29 pm

“Just in time to chortle, here’s Evan Siddell, the head of our federal housing agency who sounds a lot like a guy who real estate: “Trust me, this game of musical chairs ends and the last people standing are these folks loaded with debt,” he said this week.”

Give those greater fools a barrel with straps. They will lose it all I think. Rich is the man with some money and no debt…

#134 Franco on 10.08.20 at 9:29 pm

Putting up for sale the family house in downtown Toronto that we owned for 50 years. Real Estate agent says that condos are declining in sales and single family homes still selling well, hope our timing is good. We will take offers at the end of next week.

#135 Midnights on 10.08.20 at 9:34 pm

I bet you didn’t read about this 220 million donation by Trudeau.
https://youtu.be/FRYXTrZSGTM

#136 dogwhistle on 10.08.20 at 9:37 pm

#50

The country (and world) would literally be a better place if you all killed yourselves and let immigrants take your place.
That goes double for #7 aW, Sail Away, and Turner Nation

——————————————————–

I think you’ll find that Sail Away is an immigrant, from Trumpworld even.

Can’t stand him but still wouldn’t wish him to die.

PS: I’m an immigrant too. Sorry.

#137 zoey on 10.08.20 at 9:38 pm

Condo’s tanking could be a leading indicator …. so many peaople are collecting support not just service staff. The pain will trickle up to white collar WFH’s as their companies cut revenue forcasts.

Who are all these wimp’s leaving cities ? The covid death rate is miniscule…sure the old, already sick ok I can understand. Hmmm downtown T.O or Mississauga ? Not even a choice.

All listings are spiking in T.O not just condo’s …why ? Because people want to get the bleep out before values drop. And they will.

#138 Doug t on 10.08.20 at 9:42 pm

Poochie in the pic gonna be ok

#139 Sara on 10.08.20 at 9:47 pm

#88 crowdedelevatorfartz on 10.08.20 at 7:19 pm
@#75 Faronista
“But, if you want to jump in, do so by addressing what is at the heart of the blase statement that “equality is equality” and considering why Pence would never have to emphasize his white maleness. Constructively tell us why large disparities exist between long-standing national demographics and the demographics of the powered class? Tell us why those disparities increase as one looks rightward in the political spectrum ”

++++

How much money DID you waste on that useless degree?

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

It’s cool Fartzy. Don’t allow yourself to get all compensatory. You’re safe here on this blog. We understand.

You know, not everyone’s cut out for higher learning.

It’s perfectly fine to be a guy who works with his hands, makes a great living at it, but is uneducated and lacking intellectually.

#140 Oakville Rocks! on 10.08.20 at 9:50 pm

@SailAway from yesterday
“VP debate
I don’t know why Harris kept bringing up her being the first black woman this, first black woman that.
Hey, equality is equality. One is judged on the content of their character, not the colour of their skin (or their gender). It seemed irrelevant.
Pence never mentioned his race or gender.”
++++++++++++
Yours first statement is not even true – no surprise. Check the transcripts.
Harris lists her accomplishments as the first black woman/ woman of colour District Attorney for San Fran, Attorney General of California ONCE and ONLY ONCE. And she does so in response to a question about the possibility that she might one day be President in the event that President Biden takes ill. This is her introducing herself to the American people and making the case that she has risen to the challenge of some big moments in her life.

The fact is it is significant to be the first at something and even more so when you are the first minority doing something that has been reserved only for the majority.
Harris was the first, do you think she was the first qualified woman or the first qualified person of colour to hold that position? Unlikely, just like Jackie Robinson was not the first black baseball player good enough to play in the majors. There were plenty before him who were never given the chance or the opportunity. They made a movie abut #42, a good one, maybe watch it.

This statement “equality is equality” is without a doubt one of the dumbest things you have written (and you write a lot of dumb stuff – see last week’s constitutional defense of militias and the plot to kidnap the governor of Michigan). It means nothing. Of course everyone should be judged on the content of their character. Being a Trump fanboy, please share this with Trump. What did your hero do the day after Biden picked Harris? In the most cowardly weaselly words possible, he tried to invalidate her entire career and accomplishments by saying “I heard a rumour that she is not eligible to be VP because she does not meet the citizenship requirements”. Just like he did all those years with Obama and the birther conspiracy garbage.

“Pence never mentioned his race or gender” No kidding, I am quite certain he has never been the 1st white guy to accomplish anything significant. He probably isn’t even the first white male politician to refer to his wife as mother in public.

Sometime GT is right, you should SailAway with your nonsense because you really are a horse’s ass.

#141 morrey on 10.08.20 at 10:04 pm

#285 T-Rev on 04.25.20 at 2:38 am
Where are all the lefties

not sure the issue has to do with such simple categorizations. But then again perhaps this is how blog dogs reason

#142 Stealth on 10.08.20 at 10:05 pm

#72 kommykim on 10.08.20 at 6:42 pm
RE: #294 Stealth on 10.08.20 at 4:33 pm
#214kommykim on 10.08.20 at 12:56 am
#178 Stealth on 10.07.20 at 8:53 pm
#128 kommykim on 10.07.20 at 6:36 pm
RE: #33 Stealth on 10.07.20 at 3:52 pm
—————–
SNIP!
————————-

Thanks for the comment. I did not imply holding us cash. I meant holding something like VTI trading on nyse which is precisely denominated in us currency. Question is whether funds like vun or similar who also pretty much hold the same assets as vti but is in cdn currency. So question is whether US denominated meaning means must be held in us currency or is cdn currency hold via vun ok. In any case I know this is now an older post , I will investigate and report back. Not urgent , logic bugged me :)

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

For a Canadian, it would be the same holding VUN as it would to be holding VTI. When VUN was originally created for Canadians, it simply held VTI as it’s sole asset. Today, VUN holds the stocks directly to make it more tax efficient in a taxable account.
VUN allows a Canadian to avoid having an American dollar trading account and the FOREX fees associated with that while giving them exposure to American dollar denominated assets. With VUN, the FOREX is done for you inside the ETF.

Your question: ” is cdn currency hold via vun ok.”
My Answer: Yes.

———————————————
Thank you for this discussion, I agree with your points. It is nice to know that in this uncertain world there are individuals who can have a productive, useful and civil discussion. For some unexplained reason it is giving me a sense of happiness , hope and good vibe. Have a great evening.

#143 paracho on 10.08.20 at 10:06 pm

@#51
You forgot to mention the largest expense of all .
Many only boast of the amount sold minus the amount paid !!!!!
A gross over exaggeration! They are literally lying to themselves and all around .
My dad has did well in real estate and still owns multiple properties . Long paid in full .
His simple formula ( as someone who is an immigrant and has a grade 5 education is :
Amount real estate sold for
MINUS
Interest on amortized mortgage ( the largest expense)
Minus
Transaction costs
Minus
Property taxes
Minus
Other expenses
Plus
Rents collected less taxes paid on that rental income
Minus
Purchase Price

Many forget or ignore the interest paid on the mortgage !

With inflation the return is actually even lower than some claim . The real return .
Quite deceptive.
I think my dads simple formula is common sense and simple .
He did well . But he is 86, and tells me how the 70s and 80s were different than now .

#144 DON on 10.08.20 at 10:08 pm

I read the comments from the Bank of Canada…it is up To the Feds to contain housing prices now as the Bank needs to keep interest rates low and money printing on high.

So now the cliff appears out of the fog in the far off distance. Only a matter of time till all this debt catches up with us. I get the feeling no one knows what to do now other than more of the same, money printing. But they know they can’t print for two much longer. The recovery has stalled world wide as COVID haunts people in various ways.

The comments from the Bank of Canada were very telling today. January….hmmm

They pointed to the stress test as being a prudent tool to save new home buyers from their own emotions. So January Garth?

#145 Stealth on 10.08.20 at 10:19 pm

#60 FreeBird on 10.08.20 at 6:11 pm
#25 Stealth on 10.08.20 at 4:42 pm
Garth, hope you are well.
What are your expectations around the us election and it’s impact to the markets? If you are resting perhaps one of your fine colleagues could explain on the weekend’s post? For example we haven’t heard from sinan lately.
———————
Hopefully he’ll do an update but look thru posts for last month or so and you’ll find all have covered it and basically feel net effect will be neutral either way but best to read the posts. I think Sinan is too busy making his clients money : )

“Who’s in the White House will be moot. So all of this pre-election angst and extremist positioning is useless, futile, destructive and degrading. When it comes to your portfolio, don’t be distracted, tricked or diverted by the headlines.” -Garth

https://www.greaterfool.ca/page/4/

—————————————————————-
Thanks, I did read the post before and now as well, it makes sense. Do nothing is probably a good default strategy unless you need to rebalance. Have a great evening.

Garth I suppose no urgent need for a weekend post on this one. Thanks.

#146 fishman on 10.08.20 at 10:23 pm

Careful boys. Getting catty with each other tonite. Thats for Felix & the odd girl. If she’s good looking.

#147 TurnerNation on 10.08.20 at 10:30 pm

#50 Wow wow wow well I’m First Gen so close enough.
I hereby declare that I am on stolen land. Therefore I cannot pay property taxes to the government any longer. It’s not their land.
Who’s with me?? Let’s dismantle that colonial taxation regime!!!!

#148 Faron on 10.08.20 at 10:39 pm

#119 Sara on 10.08.20 at 8:34 pm

@ Faron

Give SailAway a break will you! He can’t handle that level of debate. You have to remember SA is *extremely* handicapped by his personality disorder. How many times do I have to remind you of that? Sheesh.

It’s true, but sociopaths are just so good at taking down barriers and convincing the rest of us they are normal, fully functional and emotive human beings.

#141 Oakville

Well said, and without my “straw dogs” or “extensions”.

#149 SoggyShorts on 10.08.20 at 10:41 pm

#128 Faron on 10.08.20 at 9:01 pm
Loads to unpack, but I’ll explain each point as I can:

1. “ if enough samples were taken, the positions filled would have a racial composition identical to the pool sampled from. We know that’s not the case. Why?”
First, we need to seperate race and gender as they have different reasons for their levels of representation.
For race it’s rather simple: There were some pretty crazy racist things that happened in US history and minorities have not caught up financially(and not everything has changed).
Campaigns are expensive.
Have a look at how many people in each economic demographic are in power, and it is quite representative. i.e. blacks might be 13% of Americans, but they aren’t 13% of wealthy Americans and that’s why they are under represented in politics.
For gender, I believe you have brought up Jordan Peterson a few times so you should be familiar with the reason for that.

2.” Regarding Biden’s limiting the pool of candidates to women and further to women of colour is simply not a problem for me. Likewise for Trudeau making cabinet selections along similar lines.”
I fundamentally disagree with this. I believe in a merit based system and anything else is unfair whether you are choosing them because they are a white man or a black woman.

3. “Trump has shown us that one doesn’t have to be particularly adept at policy making or even have tact in order to hold the highest role in the land.
Are you really using Trump as a justification for allowing the wrong person to be in office? The last 4 years have proven to you that someone as unqualified as Trump for POTUS is a great idea?

4.” if there are many choices to be made among equals and in light of a selection bias that makes people err toward choosing people that are like them, it’s commendable, or at least acceptable, for Biden to choose someone who everyone knows will resonate with the black, female and black female portion of the voters he is trying to bring more firmly into his base.
Acceptable, yes since the first goal after all is to win. Comendable would be picking the person who would best serve the country regardless of race or gender.

5.“If you don’t like that, you have to also not like that Pence was almost certainly chosen along racial and religious lines
You’re right, I don’t like this, and I don’t like that either.

#150 Torana on 10.08.20 at 10:41 pm

In January, I predict Toronto will have a more cash-strapped municipal government, some more closed businesses, more identity politics, more tent cities, drug use, more crime.

I don’t think people are fleeing cities because pandemic (which everyone thought would be over by now). They are using it as an excuse to leave.

#151 crowdedelevatorfartz on 10.08.20 at 10:41 pm

@#140 Sara
“It’s perfectly fine to be a guy who works with his hands, makes a great living at it, but is uneducated and lacking intellectually.”
+++

God bless your predictability.

I believe you are mistaken…..( with my dismal secondary education) it’s not “intellectually” but you meant……”intellectual ability” …..but please refer to your moldering, irrelevant, text books from that expensive education you still haven’t yet paid for to source out the correct grammatical pronunciation…….

But I digress.

As a dismal Grade 12 graduate, at a second rate High School, in a third rate Province…. allow me to explain.

I earned $130,000 last year.

THIS year?

MUCH MUCH more.
As you intellectuals embraced the “Covid Pandemic” shutdown and CERB socialism….

“We the Sheeple” kept working… and working ….aaaaaand working.

I have never, ever, EVER been as busy as I have been this year.
My business partner dropped by the office last week and was amazed at our profit margin…….

The money we have made this year getting our grubby ( big) hands even dirtier…….. while all the complacent sheeple “turtled” …… was …..AWESOME!

Thank You Sara and all the sheeple that think like you.

The knuckle draggers lift our pints in thanks……

Stay home, afraid.
The Proles will save you.

#152 TurnerNation on 10.08.20 at 10:56 pm

Creepy. Seen elsewhere. Begs questioning, that.
Kanada’s natural resource riches? What will become.
Or as I say, that the Crown Bankers are using the Crown Virus to take back the Crown land.

Quote from Utube – not mine:

“LOCKDOWNs have few Purposes ….. MOST will see it as a means of mass control, with population control… Some will see a Global Human – Experiment …. FEW will see what is happening behind the elitists’ curtain of concealment…

With the masses quarantined and out of the way :
1) Governments around the world, will have the ability to access their countries resources better or eliminate resources of their choosing. (using military/police/ government regulators and security forces)
2) The Ability to weed out / exterminate; the competition/resistance to their 600yr old agenda.
3) The Ability to administer a new phase of rule/law/control over the programmed people.
People independence will be more restricted as quarantines become the norm.
The slaves to modern conveniences will loose the ability to self govern themselves and become dependant on a government dictatorship.
4) The Ability to deliver more misinformation (news/science findings/belief systems etc) to the populations and weed out the agitators. Sheeple People will be united and conditioned by the system to attack anyone whom is not with the program.
5) These techniques of mass quarantine will give researchers & governments, the ability to observe and calculate where are the weakest parts of their territory are (largest rioters /protest gatherings),
the greatest resources are (food, minerals oil/gas, etc),
the largest threats to their agenda (which states are not falling inline) and new measures will be initiated for the ruling government (corporations )and act accordingly in the next installed quarantine.
6) New plans for creating sectors within larger boundaries and placing enforcement stations within these sectors
7) Flooding dissident communities with fear, drugs and chaos to decrease the population ..or neglect them needed health services, education, or proper policing services.
8) Maintain the separations between hi-class from (middle) low-class to creating a larger poverty-class , groups…using banking financial services, housing, agriculture , labour forces, increased unemployment into essential workforce, restricted technology, providing less emergency aid due to environmental weather conditions (hurricanes, floods, etc) etc..
9) Lockdowns will create chaos (conflicts to outright violence) and increase mental health issues (depression and increased suicides) ..these places with the most cases, will be monitored and researched by government and corporations.
10) The ability to program future generations (your grandchildren’s children’s) thought / belief processes , to the continuance of the Grand Agenda. Control of Your Children’s children is the greatest Resource to the Elitists.
11) Trillions of dollars to be made by the Elitists during this Lockdown phase and in its aftermath stages, with medical services and administering untested drugs , new energy developments, new security’s in place, Transportation restrictions and conditions in place, food distributions will be more controlled, production of same products with higher prices will be initiated, Hard cash will be converted to plastic cash , communications will be monitored more and limited, Prisons will be increased in population and sizes, more restrictions on independent self sufficiency food procurements (gardens, water harvesting, land management etc) …etc etc.
LOCK DOWNS have an Agenda”

#153 april on 10.08.20 at 10:58 pm

#132 – A friend in a high rise owned condo wants to sell but has been told by her realtor that she won’t get what she paid for it about 2 yrs ago. Who says prices in Vancouver have not dropped?

#154 baloney Sandwitch on 10.08.20 at 11:30 pm

#141 Oakville Rocks! on 10.08.20 at 9:50 pm – Good reply. The fellow SA is definitely an horse’s behind.

#155 Stan Brooks on 10.08.20 at 11:32 pm

Currency depreciating faster and faster.

Real inflation of important stuff/not the bastardized measure used by the financial wizards aka the ‘CPI’ already in double digits – see the chapwood index. Housing through the roof confirming the accelerated inflation at times of a practically economic depression.

Interest rates at zero, with the fees close to negative in nominal terms, deeply negative in real terms.

Pension and benefits indexing at sub 1-2 %.

Savers and retirees are obviously not important.

As I stated, it is an inflationary depression, accelerated by idiotic policies, that is quickly accelerating and becoming uncontrolled.

Little useful economic activity taking place, mostly shuffling of houses and financialization, that is left from the economy.

Where will the tax revenue come in this conditions is beyond me. But we need to ‘keep spending’ /with no savings/ in order to support the artificial debt driven economy, as the owners need their profits and there is little to squeeze from the remaining few bucks in savers and benefits, so let’s inflate that quick… Money printing will not stop nor can it be meaningfully reduced any time soon.

BoC continues to issue BS idiotic statements on how consumers should be careful of not to get too deep in debt while making everything possible to encourage it.
That for over 12 years and counting.

I call it BS. Do always exactly the opposite of what the elite tells you. In the survey 2 days ago I voted that houses will continue to appreciate – not in real terms but in terms of increasingly crappier currencies.

Enjoy,

#156 Piet on 10.08.20 at 11:49 pm

#110 DON
“And try to enjoy the rain.”

Having experienced many winters in rural Southern Ontario, as well as one snowy winter in New Brunswick, the winter rains of Vancouver Island have seemed pleasant by comparison for the past three decades. Our temperate climate provides mild winters and summers that are warm without being too hot. Southern Vancouver Island gets hardly any rain for about four months during the summer. This aridity means we have few annoying insects and the summer nights are usually free of dew. I slept under the stars in the back yard for three months this summer without getting any mosquito bites. These salubrious conditions make it worthwhile to live here in spite of inadequate medical services.

#157 Sail Away on 10.09.20 at 12:00 am

#141 Oakville Rocks! on 10.08.20 at 9:50 pm

…you should SailAway with your nonsense because you really are a horse’s ass.

————

Oh my. Such invective.

#158 Fortune500 on 10.09.20 at 12:04 am

In January the prices will be the same or higher. Sadly. The country is all in and voting for the party that promises to do everything they can to keep prices high. And they can.

#159 willworkforpickles on 10.09.20 at 12:08 am

This January a lovely gift of $3000 goes out to each and every Canadian who mails in their vote for us with name address and s.i.n. attached. We keep those votes to be used in the next election immediately followed up with a cheque and big thank you card sent to all of you love justin with 2 thumbs up from jagmeet and chrystia.
Later on in january we host a galant giant spectacular free drink & smoke-fest with a contest in every stadium, ball park and arena in the country…all are welcome.
Any canadian over the age of 18 who can down 3 shots of whiskey and 2 glasses of beer within 5 minutes wins a free alcohol and recreational drug card funded by the canadian government. An all inclusive we got you covered – 3 cases of beer with a jug of whiskey and a bag of weed each and every month for life.
All this with more great things to come shortly thereafter. We are mighty accommodating ever since discovering this wonderful money making machine that never stops printing.
Our only problem…AND WE MEAN IT MAN…our only problem is…ha ha ha … what in hell to do with it all.
Consequences we don’t need no stinking Consequences – just happy canadians.

#160 willworkforpickles on 10.09.20 at 12:37 am

#40 Jake
Once you see covid drop off consistently 3 months in a row, that’s your time to buy condo’s in the core….unless…
If significant numbers of defaults are happening when covid is waning, wait for instructions gauging market sentiment then.

#161 Chester in fall on 10.09.20 at 12:53 am

#35

why don’t we just create a national auto maker and …

Call it CanLada.

#162 Sad Joe on 10.09.20 at 12:58 am

Where Canada will be in 15 years.

https://youtu.be/2n7mK3dYOLw

#163 Diamond Dog on 10.09.20 at 4:16 am

Holy what uh um huh? Mortgage delinquency rate would be 17 times higher than that of the last 30 years? That’s ugly. Ugh…ly.

Gotta change the channel with more ugly numbers.

https://www.cdc.gov/diabetes/library/features/diabetes-stat-report.html

As of a December 2019 census, there were 330,000,000 people in the USA. As of this year, the CDC estimates 34.2 million Americans have Diabetes (10.36%). A further 1 in 3 Americans have prediabetes (most of this group is sick and doesn’t know it).

During the Trump/Biden debate, Trump declared that he can get insulin as cheap as water. His words, yup, the answer to sugar in everything. Of the some 600,000 food products on the shelves in North America, more than 3/4’s of these products have added sugar. One of thee cheapest food additives going so, just keep adding, lets make $$$ health be damned.

They are putting it in hamburger now… hotdogs… every loaf of bread other than the one that says “no sugar”. All, so some chairman shareholders and 9 guys in a room can get pennies a share. I mean, the world would crumble if we didn’t sweeten life up a bit. Good for business. Trick question, why hasn’t media been all over this, (bad for business, why else) how big does Diabetes as an epidemic disease need to be? Will they ever even remotely cover this?

Not news worthy, apparently. I mean, Diabetes only shortens the life of a 55 year old male by 5 to 10 years, so why should any political cult leader or follower be concerned.

Meanwhile, Covid19, the disease in vogue, keeps stacking ’em up. The world hit the highest daily cases of confirmed number of cases @ 348K on Thursday.

https://www.worldometers.info/coronavirus/

Russia, Argentina, France, U.K., Iran, Indonesia, Ukraine, Netherlands, Romania, Morocco, Belgium, Poland, Czechia, Nepal, Austria, Lebanon, Tunisia, Myanmar, Jordan, Greece, Croatia and Slovakia hit new all time highs on Thursday. Canada hit ours earlier this week with a new high on Monday.

People may want to change the channel on this virus (or not). Rick Bright, a recent CDC whistle blower does not but why would he, he’s right in the middle of it. I have yet to hear a scientist (now former, NDA doesn’t apply) from the CDC give a more damning condemnation of the Trump administration’s policies and governance with Covid19. It really is damning.:

https://www.youtube.com/watch?v=mC4SkeImBbg

#164 Howard on 10.09.20 at 4:53 am

#85 Ponzius Pilatus on 10.08.20 at 7:10 pm
#23 Howard on 10.08.20 at 4:39 pm
The notorious ICE condos downtown have had 100+ rental listings since at least May, when I started checking the numbers regularly. While assuming rotation among the units as some get rented while new ones are listed, there must still be some condos in that building that have been sitting vacant for 6 months or more.

I hope Toronto brings in a vacancy tax, forcing owners to either slash rents even further to attract a tenant, list the unit for sale, or pay lots of extra tax to the municipal government. Bring it on.
————-
Bringing in a vacancy tax?!
You communist, you!
Let the visible hand sort this out.

———————————————

I am (mostly) a free marketer.

However, since the government and central bank and CMHC refuse to allow a free market in real estate, what choice do we have but to accept it and lobby to enact policies to instill some balance?

In an ideal world people would be free to do whatever they want with their property (including leaving it vacant, without punitive taxation) and on the flip side government would refrain from intervening when the market turns to bail out speculators. Can’t have one without the other.

#165 Howard on 10.09.20 at 5:05 am

I see Faron is back with his little crusade against the merit principle.

I wonder which “….. studies” program comprises his degree?

#166 Jamma Jamma on 10.09.20 at 5:12 am

DELETED

#167 under the radar on 10.09.20 at 5:48 am

last people standing = No debt .

#168 Captain Uppa on 10.09.20 at 7:50 am

Tiff Macklem: “We’re not actively discussing negative interest rates at this point, but it’s in the toolkit and never say never”

Well …

#169 TurnerNation on 10.09.20 at 7:55 am

#16 crowdedelevatorfartz
“Next a lady walked around the house tagging everything of value with colored tape.
To be taken later in the week.”

— That’s already happening here. T2 has placed a tag on our RRSPs, TFSA, Inheritance, Homes, Capital gains, Properties. Everything we buy likely will have a new HST tag on it. MINE mine mine the globalists say.
It’s equality. They are coming for all of it. Next budget

#170 millmech on 10.09.20 at 7:56 am

Does anyone else here invest in ARKK, just curious.

#171 TurnerNation on 10.09.20 at 8:13 am

#163 Sad Joe I saw it here already. Like Magic every downtown park in Toronto became filled with tent and park people in March. Dozens per park. Brand new tents. Cases of 24s stacked beside some. From what I can piece together they are placed there by various group, NGOs whatever. Looking to collapse the country.
Beside them are new condos selling $1200 sq/foot.
Barios and slums forming beside what’s life of the middle class.
So far they are peaceful. Probably as long as the government money keeps flowing.
If it does not, any dog walker in those parks will become fair game. Get two, 3 big dogs. Global communism will not be fun.

This local v-logger captured some early action. It’s worse in the parks now:
https://www.youtube.com/watch?v=pav7znoMkVs

#172 Phylis on 10.09.20 at 8:25 am

SCM has been trying on new shoes. High heels at that. It’s easy to see which people are waving their obedience tickets around here.
Now for something specific. What would be a good leading indicator for observing the deferral cliff?

#173 Red Knave on 10.09.20 at 8:35 am

Best. Dog. Picture. Ever!

#174 the Jaguar on 10.09.20 at 8:40 am

Don’t open up the daily newspapers this morning until you have a little something to settle your stomach. Lots of not so subtle comments about where we are headed.
‘The most present financial danger is probably lurking in the housing market. Low interest rates could tempt households to take on more debt than they can afford, or a prolonged “recuperation” phase following the recession could deflate the value of the assets on which so much debt currently rests.

Macklem made a point of stating that policy- makers have “several macroprudential tools,” such as the mortgage stress test, at their disposal “if too many Canadian households start to become dangerously over-leveraged.”

One problem: those bubble-squeezing tools belong to politicians, who have proved reluctant over the years to get on the wrong side of the housing lobby.’

Wrong side of the housing lobby? I think they meant ‘CARTEL’. This may as well be Mexico.
(no slight intended to the Mexicans who are wonderful people but live a difficult existence under the shadow of their own cartel).

#175 Apocalypse2020 on 10.09.20 at 9:25 am

Trump’s health in a downward spiral.
Listen to his voice on Fox News.

https://www.newsweek.com/trump-coughs-hannity-interview-covid-test-questions-1537750

Russia, Iran and China are rubbing their hands in glee.

PREPARE

#176 Guelph Guru on 10.09.20 at 9:25 am

Guelph is on fire. All houses selling within a couple of days. The house next door sold within 1 week. I’m sure over asking close to 1M. 1M in Guelph!! Are you serious? The general theory out here is a price of 1M would be normal going forward as CAD will loose 50% of it’s buying power. So it’s ok to pay 1M for something which should be worth less than 500k.
Sound’s logical. A new theory to justify 1M in Guelph.
As Garth said, let’s wait for Jan to see what happens. Would be brutal if these greater fools get whipsawed. Hope they have not taken CMHC insurance, else we all will pay for their stupidity.

#177 crowdedelevatorfartz on 10.09.20 at 9:32 am

@#172 Tunernation

“….became filled with tent and park people in March. Dozens per park. Brand new tents….”

++++

Yep,
Vancouver’s “Harm Reduction” with free needles, safe injection sites, and converted slum hotels into subsidized housing has been……. an utter failure.
We now have record drug overdose deaths, record homeless and the City of Vanouver with former Political Scientist ” Kennedy ( I’m dabbling in local politics) Stewart” at the helm of a bankrupt, rat infested encampment of hand wringing bureaucrats….

https://biv.com/article/2020/09/vancouver-mayor-flabbergasted-housing-plan-defeat

Hizzoners political science idea goes down to defeat…..

But they voted again last night to beg for another $30 million from the NDP and the Feds for more subsidized housing……….
Like that will fix a tent city of hundreds of drug addled brain damaged, crack heads.

Has anyone heard of ANY new prisons being built ANYWHERE in Canada in the past 5 years?

#178 crowdedelevatorfartz on 10.09.20 at 9:42 am

Oppenheimer Park.
2 YEARS of anarchy before the spineless, finger pointing, blame handing bureaucrats dealt with the drugs, crime assaults, etc.

https://bc.ctvnews.ca/horrifying-vancouver-tent-city-assault-spurs-calls-for-camps-to-be-sanctioned-supported-1.4943472

The city finally shut it down and has spent almost $1 million dollars scraping up the topsoil covered in needles, rebuilding the washrooms and facilities… a project that would take the private sector several weeks has taken months and they are still at it.

Next up?

The latest Park 10 blocks away that all the drug addicts and break and enter specialists have now claimed as “theirs”…. a repeat of the fiasco at Oppenheimer…
assaults, guns, increase in crime….

https://www.cbc.ca/news/canada/british-columbia/strathcona-park-vancouver-council-1.5754817

Gives new meaning to Field of Dreams.
“Build more homeless shelters and they will come….”

#179 James on 10.09.20 at 10:08 am

Folks, this is looking bad.

“Ontario braces for 900+ new cases of COVID-19, prompting emergency provincial cabinet meeting”

https://www.cbc.ca/news/canada/toronto/covid-19-ontario-cases-friday-1.5756516

COVID cases appear to be exploding in Ontario, and ICU admissions are now alarming, some hospitals now over capacity.

The Toronto city demands to shut down indoor stuff will not be able to be deferred much longer by Ford at this rate.

What this could do to the economy for the next 6 months is deeply troubling. I think we may see major closures of businesses that can’t come back.

#180 Faron on 10.09.20 at 10:11 am

#166 Howard on 10.09.20 at 5:05 am

I wonder which “….. studies”

Geology “studies”, Chemistry “studies”, atmospheric science “studies”

Dismantling dunderpates is just a hobby

#181 Go Go on 10.09.20 at 10:29 am

MMT, Negative rates? Raging deficits? Not a Reserve Currency? And a bid on the $C ? What does that tell you?

https://financialpost.com/news/economy/bank-of-canada-keeps-door-open-to-possibility-of-negative-rates

It means your BOC is likely doubling the national debt buying loonies under an assumed name in an anonymous bank located in the Caribbean.

Trudeau is buying his happiness. Too bad you’ll pick up the tab.

#182 IHCTD9 on 10.09.20 at 10:29 am

Here’s a story detailing a young couple who bailed from Ontario to NB solely for house prices (it appears). The income is via WFH employment in IT. I have to assume they confirmed the WFH will stay as a permanent thing.

https://www.cbc.ca/news/canada/new-brunswick/newell-family-new-brunswick-1.5754059

Hope they like snow. – Garth

#183 Sara on 10.09.20 at 10:39 am

#152 crowdedelevatorfartz on 10.08.20 at 10:41 pm
@#140 Sara
“It’s perfectly fine to be a guy who works with his hands, makes a great living at it, but is uneducated and lacking intellectually.”
+++

God bless your predictability.

I believe you are mistaken…..( with my dismal secondary education) it’s not “intellectually” but you meant……”intellectual ability” …..but please refer to your moldering, irrelevant, text books from that expensive education you still haven’t yet paid for to source out the correct grammatical pronunciation…….

But I digress.

As a dismal Grade 12 graduate, at a second rate High School, in a third rate Province…. allow me to explain.

I earned $130,000 last year.

THIS year?

MUCH MUCH more.
As you intellectuals embraced the “Covid Pandemic” shutdown and CERB socialism….

“We the Sheeple” kept working… and working ….aaaaaand working.

I have never, ever, EVER been as busy as I have been this year.
My business partner dropped by the office last week and was amazed at our profit margin…….

The money we have made this year getting our grubby ( big) hands even dirtier…….. while all the complacent sheeple “turtled” …… was …..AWESOME!

Thank You Sara and all the sheeple that think like you.

The knuckle draggers lift our pints in thanks……

Stay home, afraid.
The Proles will save you.

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

Ha Ha. Triggered much? That was a long rant. Maybe shut your pie hole in future when you insult others otherwise suck it up.

#184 Sara on 10.09.20 at 10:47 am

@CEF,

For future reference, there is nothing grammatically incorrect about my saying you are “lacking intellectually”. Actually, there’s nothing incorrect about it period. LOL

#185 Ponzius Pilatus on 10.09.20 at 10:49 am

#164 diamond dog

People may want to change the channel on this virus (or not). Rick Bright, a recent CDC whistle blower does not but why would he, he’s right in the middle of it. I have yet to hear a scientist (now former, NDA doesn’t apply) from the CDC give a more damning condemnation of the Trump administration’s policies and governance with Covid19. It really is damning.:

https://www.youtube.com/watch?v=mC4SkeImBbg
————————-
Definitely worth watching.
Courageous guy. Smart and articulate.
America needs more like him.

#186 Sara on 10.09.20 at 10:54 am

@ Faron #181, You present as an intelligent, articulate, thoughtful, well-educated person. Some commenters while thumping their chests in attempt to make themselves look bigger, have suggested Sara was Faron. I take that as a compliment, rather than the insult it was intended to be. Have a great day!

#187 Flop... on 10.09.20 at 10:55 am

#171 millmech on 10.09.20 at 7:56 am

Does anyone else here invest in ARKK, just curious.

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

Hey Milly, with heavy rain forecast for Vancouver for the next week or so, you could be on to something.

I’m willing to go part ownership in an ark.

How much for a seat…

M46BC

#188 SoggyShorts on 10.09.20 at 11:06 am

#187 Sara on 10.09.20 at 10:54 am
@ Faron #181, You present as an intelligent, articulate, thoughtful, well-educated person. Some commenters while thumping their chests in attempt to make themselves look bigger, have suggested Sara was Faron. I take that as a compliment, rather than the insult it was intended to be. Have a great day!

***********************
To be clear, I only suggested that Faron might use the name Sara when she was being lazy(or drunk) and didn’t feel like making an intelligent post.

Your limited toolbox of shouting “Sociopath!” “12-year old” “I’m not triggered, you’re triggered” isn’t even on the same level as Faron. She might be misguided and a little biased but you’re ridiculous.

#189 Sail Away on 10.09.20 at 11:13 am

#187 Sara on 10.09.20 at 10:54 am

@ Faron #181, You present as an intelligent, articulate, thoughtful, well-educated person. Some commenters while thumping their chests in attempt to make themselves look bigger, have suggested Sara was Faron. I take that as a compliment, rather than the insult it was intended to be. Have a great day!

—————

Can I humbly suggest teaming as ‘Saffron’?

It will be painful for me to release my virtual wife, but this seems like a better fit. Yin-Yin. Good luck!

Sending a hunnaband your way for the nuptials.

#190 ImGonnaBeSick on 10.09.20 at 11:15 am

#180 James on 10.09.20 at 10:08 am
Folks, this is looking bad.

“Ontario braces for 900+ new cases of COVID-19, prompting emergency provincial cabinet meeting”

https://www.cbc.ca/news/canada/toronto/covid-19-ontario-cases-friday-1.5756516

COVID cases appear to be exploding in Ontario, and ICU admissions are now alarming, some hospitals now over capacity.

The Toronto city demands to shut down indoor stuff will not be able to be deferred much longer by Ford at this rate.

What this could do to the economy for the next 6 months is deeply troubling. I think we may see major closures of businesses that can’t come back.

—-

Are they though?

Status of cases
57,681
Total cases
49,032
Resolved
2,997
Deaths
225
Hospitalized
47
In ICU
29
In ICU on a ventilator

Numbers above were last updated on October 9, 2020, at 10:30 a.m.

https://covid-19.ontario.ca/data

#191 TurnerNation on 10.09.20 at 11:20 am

Comrade it will be a cold winter. Rumor is that ON is to shut down by Thanksgiving they are waiting for T2’s new CERB plan? Many business to close this winter Comrade, #’s are too high. As noted in March our elites are using the #s on the telescreens to rule our lives and minds, this is to be a year-long exercise some have reported. More of the New System to be rolled out yet.
NO fun allowed.

https://www.blogto.com/eat_drink/2020/10/toronto-bars-closing-indefinitely/

—- Yelp is rolling out a social credit system. One mark on your record and your business is done, branded for life:

https://twitter.com/Yelp/status/1314197512333529088

#192 ImGonnaBeSick on 10.09.20 at 11:30 am

#181 Faron on 10.09.20 at 10:11 am
#166 Howard on 10.09.20 at 5:05 am

I wonder which “….. studies”

Geology “studies”, Chemistry “studies”, atmospheric science “studies”

Dismantling dunderpates is just a hobby.

Ha! Dunderpate… Mr. Biden, is that you? You ol’ pickadillin’ flutter butt.

#193 vic Hood on 10.09.20 at 11:36 am

Somewhere it is chiseled in stone that the interest rate reflects the risk rate. It remains true even in times when the interest rate is distorted.
My father was a young man in the 1930s, during the depression. In those days if a young man wanted to borrow $5 to live for a week, there were small time loan sharks who would give him 5 for a week on the basis that he would repay 6. $1 for $5, 20% interest they’d say. However, in reality, Interest rates are expressed annually, so that the rate was actually 20% x 52 weeks or 1040% . Usury aside, the point is that there was a factor present that was not really understood.
Mortgage lending is a trade like any other, in terms of there’s ways that it’s done and ways that it’s not done, if you are to end up with a good loan. Today’s mortgage Rates are so artificially low that there are also unforeseen consequences. One of the main factors is that the qualifying criteria are out of whack. The requirement that the borrower have some substantial investment in the deal is severely limited in the leverage allowed by the lender.
Consider this. If you wanted to make a mortgage loan, as in lend your own money, there are 3 basic questions that you ought to ask. 1. is the value in the property. 2. is the borrower able to pay the loan back 3. Is the borrower likely to pay it back. A yes to these 3 questions and you probably will have a good loan, No to any one of them and the risk goes way up. As far as the property value goes, inflation has kept us on side for a long time or so it seems.
The borrower’s decision is mainly how much can he afford in terms of the payments. the payments are a far more critical factor rather than the dollar amount of the mortgage. In this broker/fee driven market and considering the colossal leverage facilitated by the taxpayer guaranteed high ratio CMHC insurance we find ourselves with national mortgage debt well in excess of a trillion dollars. A trillion… 12 zeros. An almost incomprehensible number. At least before the feds went crazy with Covid giveaways.
Consider this. A purchase with 65,000 down can get an 80% loan to value mortgage at the bank, with a house sale of 320,000.
A purchaser with 65,000 down can get a CMHC insured loan with a house sale of 900,000. And the 30,000+ insurance premium is added to the mortgage. It comes in at about 868,000. The leverage is positively scary.
A lot of us have most of our net worth in the house, and are counting on having that increase over the original purchase price to fund our retirement. This increase is not necessarily as it seems, in large part it has been driven by the availability of these leveraged loans and is at least tinged with speculation. And sometimes when we speculate, we lose. In fact, at its worst we may as well be talking about tulip bulbs.
All of this and a government of Progressive dilettantes. We are so screwed.

#194 Faron on 10.09.20 at 11:37 am

#187 Sara on 10.09.20 at 10:54 am

Thanks! I do too. I enjoy reading as you nimbly parlay the hyper-capitalist old farts here. It’s amusing that when a few progressives show up, they inevitably link us together. Maybe doing so gives them hope that their archaic beliefs aren’t as fringe as they are and that they aren’t becoming more fringe by the hour?

Have a great weekend and if you are Canadian, happy thanksgiving to you. Likewise to anyone else who reads.

#195 Dharma Bum on 10.09.20 at 11:41 am

#44 Piet

I’ve been getting dental work done during trips to southeast Asia at a small fraction of what it would cost in Canada. Once the pandemic is over it may be worthwhile to make arrangements for medical checkups/treatment over there as well.
——————————————————————-

That’s a great piece of advice.

I’ve had it done and documented!

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

#196 Dharma Bum on 10.09.20 at 11:48 am

That Tik Tok crap with Jag is pathetic.

It makes me ill.

How is that in any way dignified for a so called “leader”?

Sad.

Embarrassing.

#197 TurnerNation on 10.09.20 at 12:10 pm

Which South American country are we? Freedom 55? Or Freedom 155 . ‘Cept we’ll be gone by then.
This is the brutal New System and UN equality agenda. You will become dependent on the State.
Cuba CERB.

Stack em and pack em – into homes and kandos:
https://old.reddit.com/r/toronto/comments/j80e19/ontario_expected_to_revert_to_modified_stage_2_in/

“Just got off the phone with my parents who have owned a family restaurant for decades. They’re declaring bankruptcy and it looks like they’ll be moving into my house since they’re penniless.”

#198 Howard on 10.09.20 at 12:21 pm

#181 Faron on 10.09.20 at 10:11 am
#166 Howard on 10.09.20 at 5:05 am

I wonder which “….. studies”

Geology “studies”, Chemistry “studies”, atmospheric science “studies”

Dismantling dunderpates is just a hobby

——————————–

Well done.

Should your profs have awarded exam results based on gender, race, and religion?

After all quotas are always better than merit.

#199 blobby on 10.09.20 at 12:27 pm

It seems to me that you can rent a furnished house in NS for $2k a month. So unfurnished, or smaller place for far less. Or take out a $500k mortgage for $2k a month payback.

The NDP insisted the libs give everyone $500 a week for doing nothing. So if you’re in a couple, you can get $4k a month for doing naff-all.

So if you take that 4k, move to NS, live cheap, and have some money left over for savings… You wont have to work again for a while – and focus on your twitter influencer career instead.

At least until the next election when that money runs out.

Bit of a downer on us people who actually work for a living though

#200 IHCTD9 on 10.09.20 at 12:29 pm

#183 IHCTD9 on 10.09.20 at 10:29 am
Here’s a story detailing a young couple who bailed from Ontario to NB solely for house prices (it appears). The income is via WFH employment in IT. I have to assume they confirmed the WFH will stay as a permanent thing.

https://www.cbc.ca/news/canada/new-brunswick/newell-family-new-brunswick-1.5754059

Hope they like snow. – Garth
____

Peterborough average annual snowfall: 58″
Moncton average annual snowfall: 111″

C’mon, it’s barely double!

#201 Sara on 10.09.20 at 12:36 pm

#189 SoggyShorts on 10.09.20 at 11:06 am
#187 Sara on 10.09.20 at 10:54 am
@ Faron #181, You present as an intelligent, articulate, thoughtful, well-educated person. Some commenters while thumping their chests in attempt to make themselves look bigger, have suggested Sara was Faron. I take that as a compliment, rather than the insult it was intended to be. Have a great day!
***********************
To be clear, I only suggested that Faron might use the name Sara when she was being lazy(or drunk) and didn’t feel like making an intelligent post.

Your limited toolbox of shouting “Sociopath!” “12-year old” “I’m not triggered, you’re triggered” isn’t even on the same level as Faron. She might be misguided and a little biased but you’re ridiculous.

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

The only way to “converse” with obnoxious people such as yourself is to do what they do better – insult and deride. I appreciate the opportunity that you and several others (SA, CEF, BytorTheSLOWdog to mention a few) have given me to hone my skills.

By the way, I’m pretty sure Faron is a “he” not a “she”.

#202 IHCTD9 on 10.09.20 at 12:38 pm

#198 TurnerNation on 10.09.20 at 12:10 pm

Stack em and pack em – into homes and kandos:
https://old.reddit.com/r/toronto/comments/j80e19/ontario_expected_to_revert_to_modified_stage_2_in/

“Just got off the phone with my parents who have owned a family restaurant for decades. They’re declaring bankruptcy and it looks like they’ll be moving into my house since they’re penniless.”
____

Restaurants must be just getting hammered this year. I’ve been out twice to eat since restrictions lifted, quiet – very quiet.

In town there are 3 new places to eat that just started up in the last couple years, two are non-franchised – not holding out much hope for them. Even after the CV-19 restrictions and media circus passes, some will have feared enough to have changed permanently.

The age demographic in small town Ontario is older too…

#203 Quintilian on 10.09.20 at 12:46 pm

“From Rossland, BC to gritty Toronto to rural Ottawa, nothing – nothing – is normal.”

Actually everything is normal. Humans are gullible and fallible.

You are applying finance, economics, logic and math in your assessment.

But those who run the RE hype machine know better and use it to fuel emotions, which in turn fogs thinking.

This phenomenon is not for financiers to understand, it is for psychologists in the pathology department to explain it.

Finance and economics will be called in to fix it after the bursting of the bubble.

#204 Sara on 10.09.20 at 12:59 pm

#199 Howard on 10.09.20 at 12:21 pm
#181 Faron on 10.09.20 at 10:11 am
#166 Howard on 10.09.20 at 5:05 am

I wonder which “….. studies”

Geology “studies”, Chemistry “studies”, atmospheric science “studies”

Dismantling dunderpates is just a hobby

——————————–

Well done.

Should your profs have awarded exam results based on gender, race, and religion?

After all quotas are always better than merit
==============================

Are you speaking from experience Howie?

#205 Tommy on 10.09.20 at 1:14 pm

I am censored from commenting about anything substantive across almost the entire internet but Sara is allowed to dominate this blog with relentless trivial posts nitpicking grammar and various other details. Why is Sara allowed to pollute this blog with such inanities? Her comments should be deleted and she should be banned from commenting on this blog.

#206 Sail Away on 10.09.20 at 1:28 pm

Elon, SpaceX, Starlink killing it:

https://www.pcmag.com/news/native-american-tribe-gets-early-access-to-spacexs-starlink-and-says-its

#207 Russ on 10.09.20 at 1:29 pm

Sail Away on 10.09.20 at 11:13 am

#187 Sara on 10.09.20 at 10:54 am


—————

Can I humbly suggest teaming as ‘Saffron’?

It will be painful for me to release my virtual wife, but this seems like a better fit. Yin-Yin. Good luck!

Sending a hunnaband your way for the nuptials.
==========================================

Of course you can suggest it, but if you’re posing the question to gain approval then the correct form is “May I humbly suggest teaming as ‘Saffron’?”

Yer welcome.

Cheers, R

#208 Lambchop on 10.09.20 at 1:29 pm

To Sara,

What is your purpose here, in the comments section? You complain incessantly about other posters comments, yet contribute nothing of use. Your comments are designed as bait and pointed at individuals, just to get a rise.

Most of the people you attack seem to be more intelligent than you and regularly post things that are of use to at least one reader, be it with information, insightful observation, or sometimes just humour.

Even your buddy Faron, though I disagree with many things he says, I still appreciate the counter to my point of view. Occasionally he even alters my opinions.

Nothing, not one thing, that you have posted has had any value and is purely inflammatory. Grow up.

#209 Don Guillermo on 10.09.20 at 1:30 pm

#202 Sara on 10.09.20 at 12:36 pm

By the way, I’m pretty sure Faron is a “he” not a “she”.

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

I’m guessing a “Zie”

#210 Russ on 10.09.20 at 1:34 pm

Sara on 10.09.20 at 12:59 pm

#199 Howard on 10.09.20 at 12:21 pm
#181 Faron on 10.09.20 at 10:11 am
#166 Howard on 10.09.20 at 5:05 am
I wonder which “….. studies”

Geology “studies”, Chemistry “studies”, atmospheric science “studies”
Dismantling dunderpates is just a hobby
——————————–
Well done.
Should your profs have awarded exam results based on gender, race, and religion?
After all quotas are always better than merit
==============================
Are you speaking from experience Howie?

____________________________________________________________________________

Sara dear,

Why are you being so judgmental?

The behaviour is unbecoming for a lady.

Now, what is your opinion on T2’s performance as a Prime Minister and is Mr. Jag in it for selfish & power grabbing reasons?

Cheers, R

#211 Faron on 10.09.20 at 1:39 pm

#190 Sail Away on 10.09.20 at 11:13 am

Yin-Yin

That you nuptually relate yourself and Sara as the complimentary inverses of eachother is telling. The reality is that the dimensionality of character expressed by Sara in this comments section is almost certainly a small subset of the dimensionality of who she actually is. Yet you ascribe yourself, knowing the full dimensionality of you better than anyone, the identical inverse of what Sara has expressed. Ergo, the full set of your person is the equivalent and opposing set to Sara’s limited expression here which is supported by your presented persona. That’s very small and, well, just sad.

Regardless, It’s quite likely that there’s enough yin in Sara’s person to yang in mine that we would do just fine despite overlap in this very narrow realm. I’m in a happy, committed and monogamous relationship, so we will likely not know wedded bliss, but we could at least be fine friends.

#212 Faron on 10.09.20 at 1:45 pm

#211 Russ on 10.09.20 at 1:34 pm

Sara on 10.09.20 at 12:59 pm

” The behaviour is unbecoming for a lady.”

Yeah, Sara, you should smile more so us men feel comfortable. Ha.

” Now, what is your opinion on T2’s performance as a Prime Minister and is Mr. Jag in it for selfish & power grabbing reasons?”

A good reminder to keep it topical. Or humourous.

I offer REGENRON:

https://www.youtube.com/watch?v=gdAEtkjDO3k

#213 Sail Away on 10.09.20 at 1:49 pm

#208 Russ on 10.09.20 at 1:29 pm
Sail Away on 10.09.20 at 11:13 am

#187 Sara on 10.09.20 at 10:54 am

———–

Can I humbly suggest teaming as ‘Saffron’?

———–

Of course you can suggest it, but if you’re posing the question to gain approval then the correct form is “May I humbly suggest teaming as ‘Saffron’?”

Yer welcome.

Cheers, R

———–

Thanks Russ! Much appreciated.

#214 G on 10.09.20 at 1:57 pm

Hi #136 Midnights, thanks for that 2 min link. Interesting. Hopefully others will have a look and pass it on.

“I bet you didn’t read about this 220 million donation by Trudeau.”
https://youtu.be/FRYXTrZSGTM

When I watched it, the second thing I through of was part of that show Osark. Any RCMP accountants having a closer look, WE’d like to know.

I thought it has been shown that gambling can do much harm to the vulnerable and there families!
I guess the PM missed that report.
You’d think the NDP would be up in arms about it, but I guess not? They missed the report too.

#215 akashic record on 10.09.20 at 1:59 pm

Sarah&Faron

So cute. OMG!!!!!

#216 Ace Goodheart on 10.09.20 at 1:59 pm

Dougie just caved.

Toronto is now in full lock down.

No leaving your home other than for exercise or essential reasons. No indoor dining. No gyms or spas.

And a new one we have not had before: No leaving the city.

We are not allowed to travel outside of the GTA.

So for those of us lucky enough to be up at our cottages this weekend, I guess shut down the water and prep them for winter.

Those of us not up there, I guess your pipes will freeze, cause you can’t go up anymore.

#217 millmech on 10.09.20 at 2:08 pm

#188 Flop
Check it out for yourself, seat price is up 84% YTD, 3 year average around 40% annual return, keeping my portfolio above water.
https://finance.yahoo.com/quote/ARKK/performance/

#218 PetertheSeparatistfromCalgary on 10.09.20 at 2:32 pm

Despite their rising nominal prices the value of assets like real estate, gold and equities is not actually increasing as interest rates fall.

Instead the value of money as measured by how many assets you can buy with it is falling. To quote Ray Dalio the head of investment firm Bridgewater Associates “cash is trash”.

Things change quickly so be careful where you invest your cash and diversify. However, realize a big cash hoard is losing value everyday. So keep enough for emergencies depending on your situation. If you work for the government you will need less of an emergency fund but if you still work for an airline you might consider building a large cash position.

“Live long and prosper.” (Spock)

#219 crowdedelevatorfartz on 10.09.20 at 3:10 pm

Re sara

“Maybe shut your pie hole in future when you insult others otherwise suck it up.”
+++

So predictably unoriginal.
Yawn.

#220 rknusa on 10.09.20 at 7:07 pm

re: And he justifies a $2,000,000 property in the outer burbs by saying he can take in a tenant for $1,500 a month. Seriously? A dude in the basement of your mini-mansion, sharing the driveway and wandering, unshaven in the backyard?

Stay classy Canada

LOL

#221 LG on 10.09.20 at 7:37 pm

You asked for a source: From NY POST
Brandon Caserta, accused of Gretchen Whitmer kidnap plot: Trump is a ‘tyrant’

https://nypost.com/2020/10/09/man-accused-of-whitmer-kidnap-plot-ripped-trump-as-tyrant/?utm_source=NYPTwitter&utm_medium=SocialFlow&utm_campaign=SocialFlow

Congratulations. Now the second link, please. The one from the law-&-order president decrying the Michigan anarchists. – Garth

#222 Sara on 10.09.20 at 11:33 pm

#210 Russ on 10.09.20 at 1:34 pm
Sara on 10.09.20 at 12:59 pm

#199 Howard on 10.09.20 at 12:21 pm
#181 Faron on 10.09.20 at 10:11 am
#166 Howard on 10.09.20 at 5:05 am
I wonder which “….. studies”

Geology “studies”, Chemistry “studies”, atmospheric science “studies”
Dismantling dunderpates is just a hobby
——————————–
Well done.
Should your profs have awarded exam results based on gender, race, and religion?
After all quotas are always better than merit
==============================
Are you speaking from experience Howie?

____________________________________________________________________________

Sara dear,

Why are you being so judgmental?

The behaviour is unbecoming for a lady.

Now, what is your opinion on T2’s performance as a Prime Minister and is Mr. Jag in it for selfish & power grabbing reasons?

Cheers,
==============

Exhibit A. Russ. Who knows what he is on. But Sara is obviously unladylike.

This, Lambchop, Soggy, et all, is why I stick around. It’s fun.