Indefensible

When the 68-storey office tower where I have a fancy, embarrassingly opulent, 1%er corner office overlooking Lake Ontario closed in late March it was a stunning development. TPTB suggested the closure would last until the end of May. That seemed excessive. “What a pack of wusses,” I may have muttered to the dog.

Well, still shut. Going into the eighth month now. There are no plans to repopulate that giant structure until the spring. The second wave of Covid is creating a thousand new cases a day in Ontario (and Quebec), mostly in the GTA. Subway traffic is still down over 80%. The 30-km-long PATH retail complex beneath the downtown streets is essentially empty. Soon the raccoons will take over.

This is a once-in-a-generation episode. The virus has taken a toll that in the spring could not be imagined. Toronto’s unemployment rate is close to 13%, for example. Mortgages are in the 1% range. The throngs of community college students who used to clog King Street are no more. Restaurants are shut again. The coming few months, it seems, will be worse.

All this adds to anxiety. Toronto is not alone. Winnipeg has a Covid crisis right now. So does Montreal. In the States there were over 100,000 infections in a day. The election has been complete stress for everyone. People are not acting normally. Retailers are boarding windows. Law enforcement agencies are on alert. Social media is on fire. Stock markets have been gyrating widely. Volatility’s up. Consumer confidence in Canada has sagged. A third of people say the virus has whacked their retirement plans. Halloween was sad.

In Toronto the condo has become a symbol of pandemic angst. Listings are up, while sales and rents are down. The virus killed tourism, which erased hospitality, restaurant, travel and entertainment jobs. Tenants lost employment and vanished. Airbnb was crushed. Immigration dried up. Students went home when the uni closed. And the big office towers emptied. The perfect storm.

Now more than 20,000 new condo units – bought mostly by investors three or four years ago from plans – are coming on stream. Another twenty thousand next year, too. Owners are trying to bail through a tsunami of assignment listings (the kind BC foolishly banned). This is added to the thousands of existing units that amateur landlords, specuvestors and failing Airbnb hosts are flogging. The storm continues.

The question being asked is simple: will the apparent condo collapse extend to residential real estate in general if this virus stays put for another six months? Or a year? If the jobless rate remains at double digits?

As we all know, and as this pathetic blog has documented, Covid caused the most unconventional real estate boomlet in history. The flight from people, germs, congestion, offices and big buildings fed an exodus to the burbs. Working from home led people to crave space, once they had nowhere else to go all day. Cheap emergency interest rates suddenly made it possible for huger amounts of debt to be financed, pushing house prices skyward. Houses plumped as condos shrank.

But in an integrated, complex market everything eventually impacts everything else. Negative sentiment is as infectious as FOMO. A winter of crappy weather, partial lockdowns and more infections won’t help. And what if the US goes off the rails after this election, ensuring Covid runs rampant there and the border stays shut for a long, long time?

Huh. The thicker the dust grows in my swishy Bay Street office the more it becomes clear ‘normal’ remains distant. As detailed here yesterday, the two legs upon which recent real estate mania has been built – cheap rates and government largesse – cannot and will not last. Mortgages taken out at 1.8% in 2020 will not be renewing at this level in 2025. Not even close.

By the way, you may be comforted to know almost nobody believes this blog.

The latest Nik Nanos poll (published Monday) shows a whopping 45% of respondents think the value of real estate on their street will be higher in six months. That’s the biggest dollop of optimism since the virus arrived. A mere 13% feel prices will decline, and they’re all constipated or have brooding marital issues as a result of WFH.

Housing optimism has turned into real estate dopamine. Higher demand, a shortage of listings, cheapo mortgage rates and rising prices have made people forget Covid and party like it’s 2017 again. Lower consumer confidence, job insecurity, Trump fever and a public health crisis have all been crushed by house horniness.

Of course, as detailed here recently, this is also increasing the wealth divide (the virus has hurt lower-income earners the most), making home ownership essentially unaffordable to the average family and piling up unheard-of levels of personal debt during the worst recession in 90 years. That is indefensible social policy.

Maybe this is part of what that sad, empty, 400-square-foot condo on the 55th floor is trying to tell us. We live in a world that will not last.

146 comments ↓

#1 wallflower on 11.02.20 at 4:13 pm

How does 400,000 immigrants 2021 square with millions unemployed – many by choice.
We bring in all these immigrants many of whom earn minimum wage – little tax remittance so how does that help? and how can they afford to live with rents being what they are?
So is the intent to fill all those positions now open? the ones that the CERBians will not return to? and yet how do these minimum wagers afford to live in one of the most expensive countries in the world?
Historically, immigrants came here and it was cheap. Even first year immigrants could save enough in one year for a down payment …
What is the storyline now?
Perhaps it will be – the 400,000 that absorbed the cheap condo glut

#2 CJ on 11.02.20 at 4:18 pm

Halloween in Calgary was actually great. We had way more kids than normal. Great to see hack Canadian politicians can’t completely ruin innocent fun.

#3 Habitt on 11.02.20 at 4:20 pm

It will get worse if Biden er Harris wins.

#4 SnowOwl on 11.02.20 at 4:21 pm

Don’t worry, I still believe you, Garth. So, what about taking a position into international REITs right about now, like VNQI for example?

#5 Apocalypse2020 on 11.02.20 at 4:22 pm

2 DAYS TO GLOBAL CATASTROPHE!

Stay away from the border.

PREPARE

#6 Habitt on 11.02.20 at 4:23 pm

#1 wallflower. Trudeau hasn’t figured out that more people here may cause our carbon emissions to go well up. Lol

#7 Bart on 11.02.20 at 4:29 pm

“ Maybe this is part of what that sad, empty, 400-square-foot condo on the 55th floor is trying to tell us. We live in a world that will not last.”

Your opulent office is basically a 2 car garage. WooHoo.

#8 mj on 11.02.20 at 4:29 pm

the virus could last 2 years. I would hate to see what would happen.

#9 Brian Ripley on 11.02.20 at 4:32 pm

EMPLOYMENT EARNINGS Latest Data, 3 charts here:
http://www.chpc.biz/earnings-employment.html

Average Alberta earnings are now $63,132/yr and
5% above Ontario​
9% above the national Canadian average
11% above BC and
15% above Quebec (no typo).
​​
Since the crash into MAR 2009, earnings have increased
40% nationally
44% in QC
40% in ON
39% in BC
34% in AB

BC and AB earnings are 3% below their May 2020 peak
QC earnings are down 2% and ON down 1% below their May peak

Only AB, ON and NFL are above the national average

#10 SK on 11.02.20 at 4:35 pm

@ wallflower: If each immigrant family spends CAD 5000 on PR application, landing fees, etc., the Canadian govt makes 5000 x 400000 = 2 Billion in one year!! Then these guys look for minimum wage jobs once here!

#11 SK on 11.02.20 at 4:36 pm

@ wallflower: not to forget citizenship fee!!

#12 Classical Liberal Millennial on 11.02.20 at 4:38 pm

Rates could double and I wouldn’t even be that worried. I thought they were as low as they could go when we first bought nearly 9 years ago.

I just keep paying my mortgage and staying invested.

#13 Freedom First on 11.02.20 at 4:41 pm

I see nothing but sunny days ahead too! Everything is sure to look after itself!

No worries. The NWO

Freedom First

#14 Prince Polo on 11.02.20 at 4:41 pm

Is there any bank willing to lock me into a 2% margin loan for 5yr term? Pretty please?

#15 Faron on 11.02.20 at 4:41 pm

Couple things:

A chart from Morgan Stanley shows that the 10yr’s yield went up a full percentage point within two months after Trump was elected in ’16. If something like that happened again, that would hammer mortgage rates.

The other:

looked at two houses here in Vic. Friday a ’60s era student housing mess mess with a lot of space for $699k. The line of Teslas and renovator Dodge Rams was down the block. Saturday an 800 sq ft. detached post-war bungalow. Listed at 750k on a 5500 sq ft lot. Lots of lookers at the open house but no offers in a week (unheard of here right now). Identical neighbouring house with full renovations and a studio suite where the garage was went for $738k a months ago. We offered $715k. Owner is stuck on $750k but allowed down to $740k. I can’t stomach it, we walked. SO is pissed at me again.

Oh, and, listings continue to plummet here but sales are high and flat. Our corner of the market saw a drop from 60 listings to 50 this past week alone. Victoria is the sweet spot. Small enough and on an island enough to feel COVID safe and semi rural. Big enough to be a town and attract people. Condo sales are rising now that SFD listings are so thin… Still, the few specuvestor micro units in town languish and the new developments are starting to offer incentives to purchasers. Free strata fees for three years for example.

Watching the show “Euphoria” from HBO. SO noted that the homes are all “very ’70s”. I told her that in most of the US renos are not a thing. Canada is insane. This whole dynamic pisses me off.

#16 Penny Henny on 11.02.20 at 4:41 pm

When the 68-storey office tower where I have a fancy, embarrassingly opulent, 1%er corner office overlooking Lake Ontario closed in late March it was a stunning development. TPTB suggested the closure would last until the end of May.-GT
/////////////////

Since they closed it do you still have to pay rent?

#17 MF on 11.02.20 at 4:45 pm

1 wallflower on 11.02.20 at 4:13 pm

Looks like someone doesn’t know one actual immigrant who lives in Canada.

Many are educated and retrain. Many have family and friends here already who they live with at first for help. There are also social networks, community groups, and organizations that help them get started.

Plus, many have jobs before they even come to Canada, and when they do come they consume products from all the existing businesses.

It’s not just about them. It’s their kids who then go through the school system, universities and colleges, spend the whole time, and give back ten fold.

Now you know.

MF

#18 Immigration Lawyer on 11.02.20 at 4:46 pm

Just increase immigration to support house prices. No jobs, no problem. Economy == saved.

#19 Woom on 11.02.20 at 4:50 pm

Do you still have to pay rent Garth.

Of course. – Garth

#20 Oracle of Ottawa on 11.02.20 at 4:53 pm

Agreed that the real estate market is unsustainable. However, we will not return to pre-covid normality for downtown office space. The difference between this pandemic and one’s in the past is the computer. The computer allows you to access all the work from the office and work comfortably at home. Companies like this arrangement as they don’t need to rent office space and workers like it as they don’t need to commute downtown. This won’t apply to everyone but enough to make a difference to each segment of the economy that benefited in the past.

#21 Woom on 11.02.20 at 4:55 pm

“Of course. – Garth”
———————————-
Now can you imagine if your residential landlord locked you out of your residence.

#22 mitzerboyakaQueencitykidd on 11.02.20 at 4:56 pm

Wow
did anybody get out and get the full Moon’s Rays absorbed into your skin it is beautiful
It sure helps with money thingies decisions

#23 3s on 11.02.20 at 4:56 pm

uhm, you are so right, speculative is the name of the game. 6 Months is plenty of time for the rich to get in and out and have their tickets clipped, yet again.

For the ones holding the can it seems the hard way is the only way to learn your lesson ;)

#24 Observerman on 11.02.20 at 4:57 pm

#1,
400,000 more Uber drivers to bus people around to bars and clubs and deliver Uber eats to obese people

#25 Dolce Vita on 11.02.20 at 4:57 pm

Yup Garth, another day of COVID-19.

You poor 1%’er you. The World’s gone mad Garth what can I tell you. Rational thinking has gone out the door in favor of fear.

————————

Speaking of gone mad, Vienna as of 2100 h CET under attack – calling it terrorism, Synagogue first, 6 sites in total, wounded and 1 Policeman so far killed.

Austrian Die Presse:

https://www.diepresse.com/5891502/terroranschlag-in-wien-mehrere-tote-und-verletzte

Good overall coverage by Germany’s Welt:

https://www.welt.de/vermischtes/article219225436/Wien-Schuesse-in-Innenstadt-Augenscheinlicher-Terroranschlag.html

And for scoops including a video of one of the shooters shooting, Italia’s Corriere della Sera (may get pulled):

https://video.corriere.it/esteri/vienna-spari-alla-sinagoga-centro-citta-l-attentatore-azione/0b5b0150-1d4d-11eb-96cf-67d3c6522771

—————

It’s a mad mad World.

And for a whale of a story (and they Italian drivers are crazy) this from The Netherlands:

https://www.bbc.com/news/world-europe-54780430

—————

AND finally, personal bone to pick with La Belle Province and her Maple Syrup prices here in Italia.

I take it you have forced Vermont Maple Syrup off of our shelves, which is good. And now, with no competition the prices have surged (not the only thing surging here in Italia).

WTF €6.60 for a 250 g bottle?

Are you kidding me Québec? It’s not gold bullion you know.

FFS have a heart for an expat that needs your maple syrup for his pancakes and lower the damn price.

-Merci Québec you Cabane à Sucre price gouging children born out of wedlock.

…yes I’m done ranting at Québec now Garth.

#26 the Jaguar on 11.02.20 at 5:01 pm

There were already reasons to abandon the big cities before Covid came along. Increasing crime, homelessness, open drug use masquerading as victimhood and sanctioned by all the well meaning progressive types who think government should provide not only safe injection sites, but a publicly paid supply of drugs as well. A general breakdown of other societal norms. Remember the rebellious youth of this past ‘summer of love’ who were taking a crap in the yards of homes surrounding Trinity Bellwood Park? Need I say more, or can I throw in overcrowding as well? Just too many damn people. All of them doing their hipster level best to keep up with the latest trends. Tiktoking their patooties off instead of reading a good book to improve their minds and outlook on life. My idea of nothing. Can we just admit that while ideals such as mutual respect and courtesy are worth preserving ( for those who understand such concepts), incompatibility is a reality. It reminds me of the theme song of that old 1960’s TV series ‘Green Acres’….”Keep Manhattan, just give me that countryside.” At least I can breathe green air, hear little bird songs, and appreciate nature. Well, that was quite the rant. But here’s ‘the thing’, Garth…..as Fishman often says, the world is being passed over to another generation now. And do they value those ’embarrassingly opulent, 1%er corner offices overlooking Lake Ontario’ or human exchanges the ‘ 30-km-long PATH retail complex’ below it all offers them? A good question, but not one to bet the farm on. Like Quick Draw McGraw, the solution might just be “exit, stage right”.

#27 Dominoes Lining Up on 11.02.20 at 5:06 pm

Garth, this weekend I’ve had chats with some friends involved with municipal property taxes in the GTA.

Something is up.

Municipalities are having to prep the likely worst case scenarios right now for 2021. Property tax revenues have already been pushed down due to fewer land transfers, and delinquency rates are way up.

Job postings are disappearing. Contract workers are receiving notice starting this month that they won’t be continuing. Cities, unlike other govts., cannot by law run deficits.

Expect a winter of layoffs and early retirement packages in the public sector if this continues. That will be interesting.

#28 steve on 11.02.20 at 5:06 pm

“Of course. – Garth”
———————————-
Now can you imagine if your residential landlord locked you out of your residence.

———————-

Closed and locked out are two different things. Our office at 18 York is “closed” as well. But the keycards to the doors and elevators work, and a few employees are working from the office.

#29 Sail Away on 11.02.20 at 5:07 pm

#7 Bart on 11.02.20 at 4:29 pm

“ Maybe this is part of what that sad, empty, 400-square-foot condo on the 55th floor is trying to tell us. We live in a world that will not last.”

Your opulent office is basically a 2 car garage. WooHoo.

————

Exactly. Take a 20×20 box, put up some glitter and gewgaws, add a window, and call it opulent.

Paul St. Pierre writes of a Vancouver family moving to Chilcotin ranch country:

‘…they bought the old Soap Lake Place, which suited them perfectly because of the view of Kappan Mountain, an asset most settlers thought came for free. [Colin] got a tractor, a matched pair of Bouvier Flanders dogs, twelve Mongolian pheasants that died, one goat that didn’t, and a sincere, enduring relationship with his banker.’

#30 jess on 11.02.20 at 5:09 pm

massively flawed math, including a broken computer program that mixed up supply and demand.
The Trump Administration Flunked Its Math Homework

The administration’s clean-cars rollback is riddled with errors. In one case, it forgot to divide by four. In another, it accidentally deleted 700 billion miles of driving.
Robinson Meyer
October 31, 2018
https://www.theatlantic.com/science/archive/2018/10/trumps-clean-car-rollback-is-riddled-with-math-errors-clouding-its-legal-future/574249/

https://www.theatlantic.com/science/archive/2020/02/an-inside-account-of-trumps-fuel-economy-debacle/606346/
============

The National Oceanic and Atmospheric Administration cited 2019 as the second wettest year on record in the U.S., and estimated that flooding along the length of the Mississippi cost $20 billion US in damages.

#31 Cheese on 11.02.20 at 5:11 pm

There is no hope when you make 30k/yr.

#32 Lambchop on 11.02.20 at 5:13 pm

#5 Apocalypse2020 on 11.02.20 at 4:22 pm
2 DAYS TO GLOBAL CATASTROPHE!

Stay away from the border.

PREPARE

________

Well that’s going to be a bit of a problem since in 2009, 90% of Canadians lived within 160 kms of the US border.

Now what?

#33 Faron on 11.02.20 at 5:16 pm

One more thing: guns in the US

Listened to a podcast about the huge uptick in gun purchasing among those who didn’t own them before. Right, left whatever. Good profiles of both type. What I wonder is what happens after tomorrows election and the following days are a non-event?

I speculate that over time those guns will be sold to god knows who. New owners will eventually, sheepishly, wish to get rid of that thing collecting dust in the closet. Essentially, the # of guns in the hands of randos is going to go way up next few years. Not a good way to cut down on gun violence, suicide and mass shootings.

#34 Dolce Vita on 11.02.20 at 5:16 pm

Forgot to mention yesterday not all countries in Europe coping well with surging new cases.

This from Sweden’s Aftonbladet, poor Belgium:

“Belgium’s healthcare near collapse – infected doctors are forced to work”

https://www.aftonbladet.se/nyheter/a/gWWB2J/belgiens-sjukvard-nara-kollaps–smittade-lakare-tvingas-jobba

Yesterday error about German ICU capacity, they are actually getting up there as well (from Bild, near bottom of page link below)

Free ICU beds 8017
Occupied ICU beds 20943 (2089 COVID, 1092 ventilated)

They are at 72% capacity vs. Italia’s 20.6%.

https://www.bild.de/ratgeber/2020/ratgeber/corona-aktuelle-daten-rki-meldet-mehr-als-14000-neuinfizierte-intensivpatienten-verdreifacht-73511706.bild.html

——————————-

What is clear to me from the above if that we LEARN TO LIVE WITH IT, render the vulnerable safe Gov’s INSTEAD OF GIVING MONEY AWAY should be investing it in ICU capacity.

Probably a LOT CHEAPER to do that a few 100 billion in giveaways to people businesses forced out of work due to lockdowns, restrictions etc.

Developed nation Gov’s ASLEEP AT THE WHEEL this Summer. Easier to give money away than invest it in ICUs…boggles the mind at the STUPIDITY.

Few of workforce dying, they just need help if they get sick…but oh no, leet’s force them out of work so we do not strain ICU’s and give them 100’s of billions of $$$ instead.

Yup, it’s a MAD MAD

#35 binky barnes on 11.02.20 at 5:18 pm

Many countries should be worried, but I am quite certain Canada has little to fear. Why? Because we have a PM of absolute quality at the helm of our vessel. I sleep well, secure in the knowledge that our top man (Mr. Justin Trudeau) has his two able and manly hands on the wheel, expertly guiding our nation through these turbulent times.

BB

#36 Sail Away on 11.02.20 at 5:20 pm

#15 Faron on 11.02.20 at 4:41 pm

Ah geez, I thought you gave up on Victoria and were looking for places in Woss.

Some cousins just sold their townhouse in Victoria after having it on the market for a month. They bought a SFD, no conditions, and were getting panicky. I could’ve put in a good word for you (for a small kickback, of course).

So… have you considered Bamfield? It’s very tranquil. Especially in winter when the population drops to 4.

#37 Squire on 11.02.20 at 5:30 pm

So there’s alot of discussion related to work from home and office space etc.
Humans are generally social people and I believe technology has made a big impact in the past 5-10years. Covid has, in my opnion, pulled some of the future into the present. How much remains to be seen still. Work from home will impact some businesses more than others but it’s too early to know for certain how lasting or permanent these changes will be, if at all. Key word – collaboration.
Technology is always changing too. Are we at a convergence point due to the dispruption called covid ? Who knows for sure as we can only speculate right now. Let’s see where we are in 6 months.
In the meantime, let’s hope chaos doesn’t unfold tomorrow.
Stock up on the popcorn. This is one for the history books…

#38 yyclurker on 11.02.20 at 5:33 pm

@SK, wallflower: immigrants are spending money on fees required by Canadian gov before landing here. Once they come to Canada they are required to have a minimum amount of CAD which depends on the size of family (ie: ~16,000 for a couple). Here is the official link to actual numbers:

https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/express-entry/documents/proof-funds.html

There are exceptions too, of course.

#39 Long-Time Lurker on 11.02.20 at 5:35 pm

>I thought the national/local lockdowns would last two weeks (like the cruise ship people) to a month (just being careful) to establish the baseline of how bad things were.

>Note the top photograph in this article. I saw a lot of that (young and old) in February and March on cell-phone videos on Twitter that no mainstream media outlet showed.

>Wuhan Coronavirus/Wuhan-400.

IN HUNT FOR VIRUS SOURCE, W.H.O. LET CHINA TAKE CHARGE

By Selam Gebrekidan, Matt Apuzzo, Amy Qin and Javier C. Hernández
The New York Times

An elderly man collapsed and died of unknown causes on a street near a hospital in Wuhan, China, on Jan. 30, during the first months of the epidemic.

As it praised Beijing, the World Health Organization concealed concessions to China and may have sacrificed the best chance to unravel the virus’s origins…

…The World Health Organization found new support in May for its stalled effort to investigate the virus’s origins. A resolution, sponsored by more than 140 countries, included a clause directing the agency to search for the animal source.

By the summer, even the W.H.O. was frustrated. Two experts who went to China in July to define the terms of the investigation spent two weeks in quarantine. They interviewed experts by phone but did not go to Wuhan.

Chinese officials then said that the organization should start investigating in Europe, pointing to reports that the virus had been discovered in sewage systems there last year.

In a letter to Chinese officials described to The Times, the health organization expressed frustration at China’s delays and insisted that the investigation begin in Wuhan, if only because the first infections were found there….

https://www.nytimes.com/2020/11/02/world/who-china-coronavirus.html

#40 Felix on 11.02.20 at 5:41 pm

If, only, dogawful mutts could genetically mutate into pumpkins.

Their IQs would be 50% higher.

#41 Sask to AB on 11.02.20 at 5:45 pm

re #2 CJ on 11.02.20 at 4:18 pm

Yes we had tons of kids in Calgary Halloween night too!

#42 FreeBird on 11.02.20 at 5:46 pm

To help relax over next while try bedtime stories for adults are great if you haven’t tried them or tired of white noise/water/bird sounds etc videos. Like audible but designed to help w/nodding off. There’s many types and subjects but as a British mystery fan I tried the two below (Poirot and Father Brown). Dont wear ear buds and it could work for a spouse too (oops!). I still haven’t heard all of either so worth a try:

https://youtu.be/PAjhsKPgDtk

https://youtu.be/QG4Cnap5KzA

Good luck.

#43 Bill on 11.02.20 at 5:46 pm

#26 the Jaguar
————————
+1 Jag nailed it.
I left a long time ago. Bought up a few cheap properties in the beautiful country. Their not cheap anymore as many are trying to pour in here now.
Vancouver down town core is terrible these days. Looks like a war zone on the east side. If you have to go to one our cell sites you need to bring a body guard so you can get your gear to site safely. Thankfully I don’t have to do that anymore.

I guess No CECRA for you eh Garth!? Biz never dropped off. lol
They just closed that gig. My one small tenant at $2,000.00 month only had to pay $500 a month for the 5 months. I kicked in 25%..Gov 50% pretty stupid no free cash for me, just pay you mortgage ect.

#44 Well travelled on 11.02.20 at 5:48 pm

#36 bin key barns.

Very funny….I am still laughing at your joke!

#45 yorkville renter on 11.02.20 at 5:48 pm

was in FCP today at lunch and it was the busiest I’ve seen since returning in May… not close to before, but definitely noticeably busier

#46 cto on 11.02.20 at 5:51 pm

all this talk….
Can anyone even find a single condo in the GTA that may have made it back to 2018 prices???

#47 Catalyst on 11.02.20 at 5:58 pm

You can’t look at interest rates in a vacuum. While they are the biggest driver, if a rate increase threatens housing instability then there are more levers to be pulled. Not until after we have seen 30 or 40 year mortgages or even greater immigration levels will we see a price correction. In Ontario, there just simply isn’t enough supply of housing and no appetite to let prices go down.

#48 FreeBird on 11.02.20 at 5:59 pm

Chrystia Freeland 8 yrs ago talking about the 1%’s power and privilege incl not yet POTUS. I wonder what she would’ve said about her future boss and his family back then. Interesting.

https://youtu.be/rvIM6-BGx8I

#49 Rainman on 11.02.20 at 6:05 pm

so you are not allowed into your own office and have to pay rent?

I can work there, but without colleagues it is not a functioning office. – Garth

#50 TurnerNation on 11.02.20 at 6:06 pm

Here in my prefecture in Kanuckistan we are forbidden from eating inside in public. For years I posted on here they’d bom-b us back to the stone age.
Yes Outhouses and outdoor fire pits are here; Crippling carbon taxes will give way to rickshaws. Women must have their faces covered in public.
Hey I bet the weather is nicer overseas there. A Long winter of lining up outside stores in the frigid air Comrades.

The A.I. is running it all, why the rules and laws and edicts change daily. Hear it now, believe it later.
-19: As people point out ‘A’ is 1st letter of alphabet; ‘I’ is 9th letter. Therefore “Certificate of Vax ID – A.I.” is the name of the game.

Our UN-backed regime is just following global orders; cripple the economy and morale at all costs. They will not back down on this power trip. Stand by for tomorrow’s new orders. Will we be told to Double or Triple Down on the global CV protocols? Maybe we can lay off some doctors if we do; save cash.
Health is obtained via CV protocols and closure of small business these days. Nothing else.

Footage of weekly protests in Toronto against Lockdown.
https://www.youtube.com/channel/UCFnm7oQPDYhXA-JnXmCszdQ/videos

#51 FriedEggs on 11.02.20 at 6:18 pm

Our Life is one giant cosmic lie.

#52 David Pylyp on 11.02.20 at 6:19 pm

“In Toronto the condo has become a symbol of pandemic angst. Listings are up, while sales and rents are down. The virus killed tourism, which erased hospitality, restaurant, travel and entertainment jobs. Tenants lost employment and vanished. Airbnb was crushed. Immigration dried up. Students went home when the uni closed. And the big office towers emptied. The perfect storm.”

3 people per elevator to leave home
4 people per elevator to get to work

No wonder we are going to a 3 day week

David Pylyp
Toronto

#53 Coho on 11.02.20 at 6:22 pm

It seems everything is getting blamed on Covid…and that other guy. Is it not the ruling elite’s response to Covid rather than the disease itself that has tanked economies and ruined many lives? It’s not a death sentence, but the way it is reported one would think it is. How else can our liberty be taken from us like candy from a baby if not to be made very afraid.

It appears we are all the helpless victims of the virus that is doing everything to us. And we should bow to TPTB for “keeping us safe” through it all. I’m not buying it. Do people really trust these overlords to be looking out for us? I’d wager their best interests and ours as a people are very different.

And well below TPTB are national governments. When governments get used to telling people (and getting away with it) how to go about their daily lives right down to who is allowed in their house, do we really think they will relinquish that power?

There are a hundred reasons they can make up going forward of why certain restrictions must remain. They can create whatever narrative they want to keep the Covid dog running. The virus mutating, new hotspots, super spreader events are just a few that come to mind. Of course this disease is real, and also unfortunately, so is the tyranny that is being brought about.

If TPTB want the downtown towers repopulated by Spring 2021 then it will happen. If they don’t for whatever reason, then it won’t because they can do and say whatever they want to justify it either way.

Remember that those controlling world affairs operate on another level. Ours (the people) is a what you see in front of your nose Prosaic (surface) level. TPTB operate on a deeper Arcane level which is why so many decisions and policies made by them seem non-sensical to us. We think they’re out of their minds or that they’re inept. However, it is our limited awareness as to what is really going on that can blind us.

#54 Stone on 11.02.20 at 6:37 pm

#32 Cheese on 11.02.20 at 5:11 pm
There is no hope when you make 30k/yr.

———

What are you talking about? The CERBians (who are now CRBians) exclaim that they will forever worship the feet of the one who provides this kind of mana forever.

$30k? That makes you an upper class CRBian. You’re rich, buddy!

#55 Phylis on 11.02.20 at 6:41 pm

#26 the Jaguar on 11.02.20 at 5:01 pm Uh, wasn’t that snaggle puss?

#56 mike from mtl on 11.02.20 at 6:51 pm

#25 Dolce Vita on 11.02.20 at 4:57 pm
—————

AND finally, personal bone to pick with La Belle Province and her Maple Syrup prices here in Italia.

I take it you have forced Vermont Maple Syrup off of our shelves, which is good. And now, with no competition the prices have surged (not the only thing surging here in Italia).

WTF €6.60 for a 250 g bottle?

Are you kidding me Québec? It’s not gold bullion you know.
///////////////////////////////////////////////////////////

Not sure when you’ve last checked prices, but domestically the usual 500ml can is 8-9$. Probably the shop’s markup since that’s a unusual imported item.

#57 Nonplused on 11.02.20 at 6:58 pm

“We live in a world that will not last.”

Well, we knew that since M. King Hubbert published “Nuclear Energy and the Fossil Fuels” back in 1956. But I don’t think anyone could have predicted how things would unfold. There was no mention of covid or the internet in that paper. Also he did not include shale oil (considered uneconomic at the time) or offshore. Or the considerable discoveries made in Russia and the Middle East. He was looking only at US onshore conventional production, and his model worked pretty good.

But once you add up all the different oil that he hadn’t included for the whole world you still get a (much larger) curve. The peak for conventional production world wide probably occurred in or around 2006, which was the untold story of the financial crisis in 2008. Would that crisis have occured when it did had oil not gone to $140/bbl? Probably not. But then we got shale oil added to the mix so prices declined to the point where there was a price war. So a reprieve was granted. However there is only so much of that out there too so sooner or later we know what will happen: Energy scarcity. When I don’t know, could be 20 years, could be 40 years, but it won’t be 100 years. There isn’t anything else below the shale but granite and such.

So this is why I am not too worried about global warming. We are going to be reducing the consumption of fossil fuels sooner or later whether we want to or not. There is an answer to this crisis, which is a combination of mostly nuclear, some wind and solar, and efficiency including a large reduction in discretionary transportation facilitated by the internet. Consider covid to be a trial run.

But this is too long term of a forecast to be of much use for practical investing. There is no shortage of oil right now. Some say there is too darn much of it. But it won’t last forever. It is a “non-renewable” resource. However much oil or coal or gas there may be, once consumed it is gone forever. That is an incontrovertible fact.

———————-

The “wealth gap” is an interesting phenomena but it seems like is pretty similar to lots of other social phenomena. It follows a “Pareto distribution”.

https://en.wikipedia.org/wiki/Pareto_distribution

One way to think about it is that in all of American football and all those kids that played it growing up there is only one Brett Favre. Sure there are other football greats but they are also extremely rare considering the number of kids that tried it. They say only 1 in every 10,000 kids that grew up playing hockey will ever dress for an NHL game, and even then the average career is but 3 years long. But when we think about it we think about Sidney Crosby, not the hundreds of other players that made brief appearances with the Penguins during his time there. Most people wouldn’t even recognise their names.

So that is where this “wealth distribution” thing gets tricky. Sure, it seems intuitively more plausible to pay all the Penguins the same amount even though Crosby gets most of the goals than it would to say somehow equalize everyone’s playing ability. But there will be a host of unintended consequences, none of them good.

Would there ever have been an Apple Computers if Steve Jobs was getting paid just as much to stay in the garage and tinker? Would Henry Ford have left the farm if he got paid the same to tend to the fields? Or will we end up like the Soviet Union where we have very scarce products of inferior quality that are mostly poor copies of western technology? Lineups for bread in one of the most gifted countries in the world?

Some things are just natural. As a nation’s wealth increases, it does not flow equally to all. This has always been the case. The king and the peasant did not have the same. Then came the revolution, and the new king and the peasants still did not have the same.

The difference with our system is that you do not have to be the king to get rich.

In communist countries sure maybe the state owns everything, but somebody still gets to live in a palace. Everyone else gets to live in soulless concrete boxes with poor lighting. So when we talk about addressing the “wealth gap”, we should take a hard look at what happened when other nations did so in the past. Full on socialism or communism has failed every single time it has been tried. What makes us think we finally figured it out? It won’t be different this time. All will suffer except the few in the halls of power, who will do just fine. Even in communist Russia the Pareto distribution reared up. Stalin never went hungry even as millions starved. So we need to be careful what we ask for. It may be that the rich are just an unavoidable if somewhat unpleasant consequence of a wealthy and growing economy just like getting fat or having to crap are unavoidable consequences of eating.

#58 Dolce Vita on 11.02.20 at 7:00 pm

#40 Long-Time Lurker

The PRC can say what they want about European sewage systems and blame us instead BUT the facts remain that in Italia our first 3 cases in January where from visiting tourists from their country.

NOT the 3 tourists FAULT since their dung for brains Government never told them there was an epidemic at the time.

1 cured in Naples the other 2, a couple, at the Italian CDC in Rome [so grateful were the couple that a few months later they made a $50K donation to the CDC hospital – a good people, their Gov not at all].

I started following the story in late December when reports were coming out of the PRC, every day since then…could see the writing on the wall back then.

I know for a fact a dear friend of mine from YVR and his wife went thru the PRC in December and they were being checked for temperature near every transportation hub they went thru there. They had no clue then as to why and thought it strange. Grateful they did not get infected once the truth came out.

So Gov PRC KNEW and now they want to blame Europe. Lower than the rut of a wheel and a snake’s belly.

Their people are very nice BUT their Gov should be made to pay reparations for their national hubris that has wrecked economies, lives, killed +million, etc., Worldwide.

#59 Faron on 11.02.20 at 7:03 pm

#37 Sail Away on 11.02.20 at 5:20 pm

#15 Faron on 11.02.20 at 4:41 pm

Ah geez, I thought you gave up on Victoria and were looking for places in Woss.

Woss would be sweet. Best ski area on the island is just up the road. I’d have to get and learn to drive a quad (tactical Barney-the-dino purple of course) to get back into the mountains.

Some cousins just sold their townhouse in Victoria after having it on the market for a month. They bought a SFD, no conditions, and were getting panicky. I could’ve put in a good word for you (for a small kickback, of course).

We could call it even given that the $10k in scrap steel of Echo origin never arrived. :-(.

So… have you considered Bamfield? It’s very tranquil. Especially in winter when the population drops to 4.

I could do Bamfield if there was surf in Keeha Bay or Pachina. I haven’t personally confirmed. I’d prefer Alberni. Hot summers, back country skiing. Plenty of trails. Who needs jobs?

#60 Another Deckchair on 11.02.20 at 7:07 pm

Hey Garth; go take your Tug for a spin. Then when back on the hard, have a scotch or two. It’ll make you feel better.

Up here in the area called command central, (staggering distance to “the hill”) I note:

Monday, 11:00AM IKEA absolutely jammed. WFH sure seems great – go and line up with a hundred or two others in the checkout line. Doesn’t anybody actually work at home when they are WFH?? (or did they spend 50% of Sunday like yours truly so that they could go shopping during the “quiet” period of Monday AM?)

Dogs at Camp Ottawa closing announced. Jan 6th. Nobody dropping dogs off for the day, nobody going away for weekends, or longer vacations. Very sad; even though I’ve been WFH for 4+ years, it’s nice to give the dog a spa weekend.

Social clubs have gone ZOOM. What a bore, the clubs used to be ostensibly focused on something, like crochet (or whatever) which allowed groups of older guys to get out of the house, maybe have a beer or two, and talk about anything *other* than what their partners at home wants to hear. Now these guys are at home, having their wives helping them with the computer, and they have to watch their Ps and Qs.

Oh well! Could be worse, right?

#61 Drunken Stupor on 11.02.20 at 7:35 pm

Garth et al, could we please stop talking about this utter nonsense of ‘cases’ and focus on deaths or possibly add hospitalizations? Lead by example! Below link has Canadian death data, last updated late October. https://www150.statcan.gc.ca/n1/pub/71-607-x/71-607-x2020017-eng.htm
Hearing similar story in the US but I haven’t seen the data….

#62 Guelph Guru on 11.02.20 at 7:45 pm

40000 condos being added to the supply while the demand shrinks, sounds like a perfect storm. Get your camera’s out as the tide is running out.
A lot of my friends are specuvestors, individually and as groups. With the payment coming out of HELOCs. The condo bust has a potential of spreading to SFH if the specuvestors get in a hole.
These are unique times, but so far the fake economy seems to be holding up quite well. Let’s see how long we can continue this sharade of selling houses to each other while our real export AB oil continues to be neglected. Pray the third world countries continue to give us goods for our dollars. If they ask for the real value of their goods … :)

#63 the Jaguar on 11.02.20 at 7:47 pm

@ #56 Phylis on 11.02.20 at 6:41 pm

Of course you are right. I got my ‘toon’ characters mixed up. Good catch, Phylis.

#64 Steve French on 11.02.20 at 7:52 pm

But but but… Garth you said that “all pandemics are temporary”!

“TPTB suggested the closure would last until the end of May. That seemed excessive. “What a pack of wusses,” I may have muttered to the dog.”

– Exactly.

Garth- the key point here is- that you misread the pandemic. As you yourself have now admitted.

There’s no point in deleting my post!

All pandemics are temporary. – Garth

#65 Faron on 11.02.20 at 7:59 pm

#58 Nonplused on 11.02.20 at 6:58 pm

Would that crisis have occured when it did had oil not gone to $140/bbl? Probably not.

Where did you read this? How do you explain fairly strong growth when oil returned back to $100 levels?

So this is why I am not too worried about global warming. We are going to be reducing the consumption of fossil fuels sooner or later whether we want to or not.

There are hundreds of years of coal to be burned. If it is burned the climatic consequences will be horrifying. You absolutely should be worried about that potential outcome.

I’m happy to concede that up to the high hundreds ppm CO2, climate consequences will push us around and start wars and the like, but mostly be within our capacity to handle them. Burning all of the cheap coal will lead to parts of the globe becoming uninhabitable and ecologically non functional or dramatically different in their functioning in ways that will render our lives very different. Don’t be complacent. This isn’t fear mongering.

It is a “non-renewable” resource. However much oil or coal or gas there may be, once consumed it is gone forever. That is an incontrovertible fact.

Technically, there will be oil again. Humans will either make it synthetically or it will arise naturally through the same processes that generated it previously — tectonics, sedimentation and time. Granted, we probably wont be around for round two of oil.

#66 FreeBird on 11.02.20 at 8:12 pm

#34 Faron on 11.02.20 at 5:16 pm
One more thing: guns in the US
—————
Re uptick in gun sales. A record 17m. Not a comforting fact. Reportedly sales up in Canada as well. Makes sense I guess. Where they’ll all end up down the road (more so in the US) is concerning whatever the election aftermath brings.

https://amp.theguardian.com/us-news/2020/oct/29/coronavirus-pandemic-americans-gun-sales

https://www.google.ca/amp/s/theconversation.com/amp/why-canadians-and-americans-are-buying-guns-during-the-coronavirus-pandemic-135409

And as I’m dealing with some (non Covid) flu bug it’s bedtime.

#67 CL on 11.02.20 at 8:15 pm

I don’t think there are any words in any language to describe the stupidity of this, this country, and the people living in it:

https://www.bnnbloomberg.ca/canadian-home-price-optimism-reaches-post-pandemic-high-1.1516463

As a side note, again, I will eat my words if I am wrong, no problem but, I think Trump is going to win again.

#68 Terry on 11.02.20 at 8:16 pm

“The second wave of Covid is creating a thousand new cases a day in Ontario (and Quebec), mostly in the GTA.”

It’s still the first wave deferred from the lock-downs last spring. We’ll go higher with infections than last spring then we’ll level out again in the summer only because we locked down again. The first wave will continue again in the winter of 2022 then again in 2023 then again in 2024 etc…. until we stop this insanity of locking everything down.

#69 Nonplused on 11.02.20 at 8:19 pm

Just saw a video about all the businesses boarding up for the election. This is all the evidence you need that the consensus is that Trump will win and there will be riots in the blue states (but none in the red states).

But what a stupid thing to do. Whoever advised boarding up must work for antifa. Boards work good for a hurricane but they are just more highly flammable fuel for a riot. So now instead of just losing the windows and getting looted, the whole building is going to burn down. I have never seen anything more stupid than wall to wall plywood boarding in a potential riot zone. Anyone who has ever thrown a scrap of plywood into a campfire knows that the glue is extremely flammable and toxic.

#70 akashic record on 11.02.20 at 8:21 pm

Ay, ay ay ay…
https://www.youtube.com/watch?v=iD8MBbHxmzc

#71 2 is the new 1 on 11.02.20 at 8:24 pm

So Costco does not have Lysol wipes, we all knew that, but now ginger ale, ice tea, alfredo sauce, tomatoes, or smokies, among other items. And neither does Walmart! McDonald’s does not have Angus beef and is importing 20% of their beef! In Canada! Something wicked this way blows. This will be a long winter.

2 is the new 1.

#72 Ed on 11.02.20 at 8:27 pm

Does anyone read comments longer than 2 paragraphs…a lot of long winded crap here.

#73 Drill Baby Drill on 11.02.20 at 8:29 pm

In Southern Alberta we had more kids than any other year begging for candy at our door.

#74 Nonplused on 11.02.20 at 8:36 pm

#66 Faron on 11.02.20 at 7:59 pm
#58 Nonplused on 11.02.20 at 6:58 pm

Would that crisis have occured when it did had oil not gone to $140/bbl? Probably not.

Where did you read this? How do you explain fairly strong growth when oil returned back to $100 levels?

So this is why I am not too worried about global warming. We are going to be reducing the consumption of fossil fuels sooner or later whether we want to or not.

There are hundreds of years of coal to be burned. If it is burned the climatic consequences will be horrifying. You absolutely should be worried about that potential outcome.

I’m happy to concede that up to the high hundreds ppm CO2, climate consequences will push us around and start wars and the like, but mostly be within our capacity to handle them. Burning all of the cheap coal will lead to parts of the globe becoming uninhabitable and ecologically non functional or dramatically different in their functioning in ways that will render our lives very different. Don’t be complacent. This isn’t fear mongering.

It is a “non-renewable” resource. However much oil or coal or gas there may be, once consumed it is gone forever. That is an incontrovertible fact.

Technically, there will be oil again. Humans will either make it synthetically or it will arise naturally through the same processes that generated it previously — tectonics, sedimentation and time. Granted, we probably wont be around for round two of oil.

—————————–

There is lots of coal, true, but much of it is buried too deep to be economic. They are already removing mountains to get at it. At some point that becomes uneconomic even if you know the coal is there.

“Would that crisis have occured when it did had oil not gone to $140/bbl? Probably not.

Where did you read this? How do you explain fairly strong growth when oil returned back to $100 levels?”

I connected the dots. High energy prices always cause economic contraction.

Sure we can make oil or other substitutes including battery powered cars, but it still takes a lot of energy. We cannot charge a Tesla without electricity. If you have your own nuclear power plant on the other hand….

And no, the world will never make oil or coal again. Not even on 350 million year time frames. Both of those events required that nothing existed that could eat the algae or the trees, but nature has long filled those voids. But even if it were the case that say trees still didn’t biodegrade due to termites, mushrooms, and bacteria, 100 million years is a long time to wait. Well outside of our current planning horizon. And we’ll burn all the trees long before they can turn to coal.

#75 Drill Baby Drill on 11.02.20 at 8:37 pm

Where o where are we going to get the resources to accept 400K/year immigration? This make absolutely no sense unless you are a Liberal. This is assanine policy and aggreaves me that such idealogy still permeates within our Federal government. We need a common sense revolution.

#76 DON on 11.02.20 at 8:44 pm

Adding to what #28 Dominoes Lining Up was saying. City of Van also announcing tax hikes to cover the shortfall.

Garth…as much as you repeat it…it seems that some folks never get the message that…the bond market affects interest rates and will push interests up.

#77 Diamond Dog on 11.02.20 at 8:57 pm

#1 wallflower on 11.02.20 at 4:13 pm

400,000 immigrants in 2021? You really believe that? We’ll be lucky to immigrate 200,000 immigrants to Canada for 2020. Our borders are presently closed to all non essential travel. In August, yoy immigration numbers were down 64% in Canada and not just immigration, work visas and international students taking courses in Canada, these numbers have plummeted and they boost immigration numbers. Governments can plan to bring in a million immigrants by 2022 but is it technically possible to make that happen during an ongoing pandemic? Logic says its a big fat no.

https://www.cicnews.com/2020/10/canada-aiming-for-high-immigration-levels-despite-coronavirus-pandemic-bloomberg-reports-1016096.html#gs.kcuhkv

Btw, immigrants buy condos. They rent them too. We wonder what happened to the condo market, well… a pandemic crushing immigration numbers happened and do we want immigrants? Our population would be in decline without them. Our GDP would be much harder to grow without them too and in case we haven’t caught on yet, less GDP, less ability to borrow. In a purely economical context, of course we want immigration, its a definite no brainer. Of course, if one belongs to the uneducated male white demographic i.e. Trump’s base, one might have a different opinion as the uneducated are often easily and willingly misinformed.

#78 TurnerNation on 11.02.20 at 9:18 pm

It this WW3 a ‘bankers war’ as come claim they are?
Dunno. All goes back to, how many new hospital beds has T2 built this year??
Bankers gone Wilde. As wags say essentially every conspiracy theory you’ve ever heard has come true, this year.
As there is no more new only predictive programming, consider this one a done deal:
………..
Christine Lagarde
@Lagarde
Replying to @Lagarde
We’ve started exploring the possibility of launching a digital euro. As Europeans are increasingly turning to digital in the ways they spend, save and invest, we should be prepared to issue a digital euro, if needed. I’m also keen to hear your views on it https://epsilon.escb.eu/limesurvey3/434111?lang=en

#79 crowdedelevatorfartz on 11.02.20 at 9:21 pm

US Election update.
Pre-election voting and mail in ballots may hit 100 million votes.
Unbelievable.
Me thinks there’s LOTS of polarized voters

Biden sweep.

#80 TurnerNation on 11.02.20 at 9:21 pm

As this is a part-time virus Weblog.
The hysteria of crowds. Everything old is new again:

https://www.aier.org/article/the-real-pandemic-mass-munchausens-syndrome-by-proxy/

It’s more than fair to say that we are experiencing a pandemic, but not the one you hear about ad nauseum. No, the pandemic is not a virus, it is a pandemic outbreak of Munchausen’s Syndrome by Proxy which focuses its obsessions on the virus.

Munchausen’s Syndrome by Proxy is a mental illness in which the sufferer fantasizes that others–usually people in their charge, such as children–are suffering from serious illness and require drastic medical intervention.

it was already bad enough before Trump was diagnosed with Covid. Then a super-virulent strain of the Syndrome appeared, through some Darwinian mechanism apparently. As soon as I saw his first remarks from the hospital–that he had learned a lot about Covid, and he was going to share that information and experience with us–I knew he would say exactly what he did say: it can be a serious illness, but the vast majority of people can beat it, and we shouldn’t let it dominate our lives.

And I knew that this would kick the MSbP crowd into apoplexy. They want a narrative of doom and gloom. They want people to be afraid. They want people to defer to them, and to depend on them, and most importantly to obey their commands

#81 Canuck on 11.02.20 at 9:30 pm

Winnipeg has a Covid crisis right now.
_______________________________________________

I had a look at the Gov’t of Manitoba COVID website to check stats. As of noon on Saturday, October 31, the number of COVID patients in ICU – 0

This is just getting stupid.

#82 Canuck on 11.02.20 at 9:41 pm

#36 binky barnes on 11.02.20 at 5:18 pm

Many countries should be worried, but I am quite certain Canada has little to fear. Why? Because we have a PM of absolute quality at the helm of our vessel. I sleep well, secure in the knowledge that our top man (Mr. Justin Trudeau) has his two able and manly hands on the wheel, expertly guiding our nation through these turbulent times.

BB
_____________________________________________
This is why you shouldn’t be drinking anything when reading comments. BB, you owe me for a new keyboard and monitor.

#83 crowdedelevatorfartz on 11.02.20 at 9:53 pm

BC Money Laundering Cullen Commission interviewed
a “Special Constable” with BC Gaming.
Ken Ackles ( the FIRST Gaming person willing to testify without his face blocked out).
Mr Ackles started at BC Gaming in 2013 and was told he was “not allowed to investigate because as a special constable it would be too dangerous…..”

When asked if he saw suspicious activity in the casinos regarding money laundering he answered ….. “Daily…”
He also commented NO ACTION was taken by any of his reports for 2013 or 2014.

He began tracking cash deposits in 2015.
He saw ( in one year) $20 million dollars in cash deposited in BC Casinos and of that $14.8 million was in $20 bills

When this information was presented to superiors and the police they were incredulous and thought he was “trying to set them up”.

When asked if the current rules for cash deposits were effective he answered “Yes, and they should have been set up YEARS earlier.”

BC Politics…..rotten….. to…. the…. core.

Stay tuned.
Former RCMP officer and BC Gaming Minister “Rich” Coleman will eventually be dragged in, kicking and screaming, to testify….

One should also remember,
BC renegotiated its Police Contract with the RCMP as all this gaming/money laundering was getting bad.
Rich Coleman was instrumental in signing off on the 20 year ( BILLIONS of dollars) renewal for the RCMP provincial police contract.
He publicly opined that perhaps the Province should go back to a Provincial Police force……

Stay tuned.
This is BC……you know there will be more political lizards crawling from under the rocks…..

#84 Sail Away on 11.02.20 at 10:02 pm

#77 crowdedelevatorfartz on 11.02.20 at 9:21 pm

US Election update.
Pre-election voting and mail in ballots may hit 100 million votes.
Unbelievable.
Me thinks there’s LOTS of polarized voters

Biden sweep.

————-

When we hit 400 million votes, me will start to thinks something else is going on.

#85 PetertheSeparatistfromCalgary on 11.02.20 at 10:02 pm

In 2017 Canada had 276,689 deaths not including the Yukon. That was an increase of 9476 from 2016.

So far Canada has had only 10208 deaths from Covid19. So by the time this year is over total deaths will probably have only increased by 3% to 5% because of Covid19.

Is a small, temporary increase in mortality a good reason to shut down our economy, restrict our freedoms and increase long term deaths from suicide, drug and alcohol abuse?

#86 Brian on 11.02.20 at 10:12 pm

I get all giddy whenever Garth mentions Winnipeg.

#87 Sail Away on 11.02.20 at 10:17 pm

#60 Faron on 11.02.20 at 7:03 pm

Woss would be sweet. Best ski area on the island is just up the road.

I’d have to get and learn to drive a quad (tactical Barney-the-dino purple of course) to get back into the mountains.

—————-

Quad nothing. Sheesh. Some people never break free of convention, turning tunnel vision into self-limiting reality.

Just strap on the tactical shorts and start running, buddy.

#88 KNOW IT ALL on 11.02.20 at 10:35 pm

Well if its 1 thing I learned from GARTH…

AFTER Tuesday nights results and leading up to the sworn in day in January.

NOTHING BURGER!!!!

#89 Bonobo on 11.02.20 at 10:41 pm

2020 Prediction:

Trump wins both electoral and popular vote. GOP keeps the Senate and takes the House as well.

Left wing will melt down and blame Russia even though Twitter, Facebook, and Google manipulate their algorithms and practice censorship to favour Biden/Harris.

God Bless America!!!

#90 Doug t on 11.02.20 at 10:47 pm

#36 stinky burns

I just spit up

#91 sign of the times on 11.02.20 at 10:47 pm

We’re swamped with press work redoing forms and brochures adding CV19 info but our sign department is dead. We used to handle 1 or 2 developments per month here in Vancouver. In fact there are over 10 press operator jobs that have remain unfilled for months. Printing is hot.

#92 Canuck on 11.02.20 at 10:50 pm

73 Ed on 11.02.20 at 8:27 pm

Does anyone read comments longer than 2 paragraphs…a lot of long winded crap here.
______________________________________________

+1

#93 TurnerNation on 11.02.20 at 10:57 pm

#53 David Pylyp on 11.02.20 at 6:19 pm when everyone is wearing masks then why the need to limit capacity?
Unless the goal is not health, but economic destruction?
From the onset the CV protocols, my take is that they are. In the (former) First World countries only of course

#94 Victor V on 11.02.20 at 11:10 pm

When Covid hit, Bobby and Eric started working from their two-bed, two-bath townhouse rental near Trinity Bellwoods Park. Stuck inside all day, they longed for big light-letting windows or a backyard where they could get some fresh air. That got them thinking about upsizing. So, with a little help from an inheritance, they went hunting for a starter home.

https://torontolife.com/real-estate/a-toronto-couple-just-bought-this-1-2-million-semi-in-the-upper-beaches/

#95 crowdedelevatorfartz on 11.02.20 at 11:50 pm

@#85 Sail away
“When we hit 400 million votes, me will start to thinks something else is going on.”

+++
hahahahaha.
Those damn double voters!

#96 Sunnyways on 11.03.20 at 12:10 am

I have no doubt that our fundamentally strong Canadian economy, built on a tradition of building condos and selling them to each other and then renovating condos and selling them to each other and then renovating them and selling them to each other again and again, will pull us through this crisis and eventually cause wealth to rain from the heavens upon each and every Liberal voter.

#97 chrome dolphin on 11.03.20 at 12:27 am

In Seattle on election Eve – very tense for many in this deep blue state as they brace for tmrw with the memory of 2016 haunting them. Most retail in downtown now boarded up. My hunch is we could see a Biden Electoral College landslide of historic proportions: the record early voting in the swing states signals something is afoot, and I wonder if the undercounted, underpolled segment that matters this year is Republicans and middle of the road conservatives who have secretly voted for Biden.

#98 Blof Witzer The Stitatation Closet on 11.03.20 at 12:42 am

Breaking, we have surpassed the tipping point.

More of the population is now nuts than sane.

Updates as more people lose their housing and jobs, more businesses board up, wait what?, due to an election and marauding miscreants block highways and harass campaign buses. All the while people become ill and or die because they won’t wear a mask and want to pack together at foolish events.

Also Orwell wants you to know the book was fiction not a roadmap for society.

#99 Faron on 11.03.20 at 12:50 am

#75 Nonplused on 11.02.20 at 8:36 pm

#66 Faron on 11.02.20 at 7:59 pm
#58 Nonplused on 11.02.20 at 6:58 pm

Sounds like you need a refresher on explorarion and sedimemtary geology. Oil formed at a time with similar microbial activity to now. Earth’s curremt tectonic arrangement gives us few shallow anoxic seas, but they will form again. And we’ll be long gone or wont be burning wood, so coal will certainly form again. The only thing that would prevent this is a massive impact that blows off all of earth’s volatiles. Accretion of a new atmosphere and degassing CO2 and water through volcanic activity will happen, but earth wont be the same.

Happy election everyone!

#100 Jane24 on 11.03.20 at 1:08 am

Well the NHS (National Heath Service) here in Britain asked us if we would we like an antibody test and it turns out we have both already had Covid 19 and never noticed. I am 67 and hubby is 70. I cannot tell you how this has lifted our spirits. We feel like we have been let out of personal jails as all the media and govt warnings had prepped us to prepare for death. Take an antibody test for peace of mind.

So instead of closing the Western world down, why don’t they mainstream antibody tests and let those that are positive back out to restart the economy. I know that the immunity does not last more than 6 months and the virus will morph but it would be a start.

I have been notified that my AirBnB must close again but I have also been told that the govt grant to encourage me to do this is more than I would have made running the AirBnB over the winter. Happy insanity.

#101 Orange landslide on 11.03.20 at 1:36 am

Sleepy Joe is in bed already…. the orange thing is still pumping it out past midnight…

https://twitter.com/realDonaldTrump/status/1323513166672891904?s=19

#102 Balmuto on 11.03.20 at 2:23 am

The solution to all this is herd immunity…

You go first.

#103 Capital Democracy on 11.03.20 at 3:35 am

The Covid Virus is not the killer flu or cancer is, not by a long shot. The Virus Panic is an internationally coordinated attack on freedom, by those who themselves panicked after Trump moved to thwart the world domination regime they had already unleashed.

Call it multilateralism, globalism, socialism, wealth distribution or whatever , a very nasty war has been taking place using Climate Chaos propaganda , Trump Hate and Covid .

Trump fought back in the name of freedom. He’s crashed the great plans of UN buffoons and like-minded sycophants and they’re deadly afraid that he’s going to detail thier entire operation.

Great powers and greedy carpet baggers have taken on the power of the office of the President of the United States, such is the level of thier arrogance. Free people every where, rejoice, you have a hero. We will live free or die. We will never submit to the international terrorists.

#104 LH on 11.03.20 at 4:03 am

I see a red wave coming
TRUMP 2020
WINNING WINNING WINNING

#105 Peter Kook on 11.03.20 at 5:35 am

The root cause of all calamities with all kinds of covids is overpopulation.

Every farmer know that if you squeeze the space for your livestock too much,
whether those are cows, sheeps or chickens, they immediately start suffering many deceases and ultimately die out

Every body needs enough space to be healthy.
All those billions are not good.

#106 Diamond Dog on 11.03.20 at 6:05 am

#82 Canuck on 11.02.20 at 9:30 pm

Try Manitoba’s web site:

https://www.gov.mb.ca/covid19/

Currently there are 124 hospitalizations and 18 in ICU. New cases yesterday, 241. If you look at these charts below and compare daily cases with hospitalized cases, we will see a 3 to 5 week lag from daily peaks.

https://health-infobase.canada.ca/covid-19/epidemiological-summary-covid-19-cases.html?stat=num&measure=tested#a2

In short, if you think people aren’t getting sick, look at the Manitoba chart again (below) and give it an average 3 week lag to see hospitalizations and ICU admissions rise accordingly from current daily numbers which, according to the chart below, are not on a good path right now this early into flu season:

https://www.ctvnews.ca/health/coronavirus/tracking-every-case-of-covid-19-in-canada-1.4852102

#107 Diamond Dog on 11.03.20 at 6:45 am

#100 Faron on 11.03.20 at 12:50 am

Yes, happy election! On that note, looks like Trump will get a wall (of some kind):

https://www.youtube.com/watch?v=W5hrlcoM8ws

#108 maxx on 11.03.20 at 7:08 am

@ #25

Re: Maple syrup – prices are nuts because it’s no longer easy to bring a half-dozen 500ml tins over to relatives abroad. We used to do just that, but now, with travel made more difficult, the COVID factor allows for yet another new opportunity for price gouging.

On a supermarket special, you can get a 500ml tin for CAD 5.00. Sometimes less.

Price gouging is everywhere now.

Consumer creativity and flexibility is key to sidestepping these opportunistic creeps.

#109 Cheese on 11.03.20 at 7:25 am

#55 Stone

I’m not taking cerb, I work cleaning at an Ottawa hospital for $18/hr and am denied the covid workers wage increase as I’m a subcontractor. It’s simply infuriating when my fuel costs into work, put me below your average Crbian in effective income.

Covid area right outside the door as I speak.

#110 the Jaguar on 11.03.20 at 7:40 am

Well, Garth will bounce this one, but I’m going to give it a shot anyway. Crowded Elevator Fartz, this one’s for you:

https://www.foxnews.com/shows/tucker-carlson-tonight

We’ll see it the planets have lined up today, but off to work I go as a distraction from it all…….

#111 Apocalypse2020 on 11.03.20 at 7:58 am

Good morning.

Appreciate this moment. This may be the last good morning for a very long time, only for those lucky to survive what comes next.

LESS THAN 1 DAY TO GLOBAL CATASTROPHE!

PREPARE

#112 crowdedelevatorfartz on 11.03.20 at 7:59 am

@#102 Peeled Orange
“….the orange thing is still pumping it out past midnight…”

++++
Desperation will do that…..

Biden broom sweeps America.

#113 crowdedelevatorfartz on 11.03.20 at 8:03 am

@#93 Canuck
“Does anyone read comments longer than 2 paragraphs…a lot of long winded crap here.”

++++

Some of us have a longer attention span than a fruit fly over an open beer can……

#114 westcdn on 11.03.20 at 8:33 am

I thought Bobby Orr and Don Cherry were tight. I saw Orr play and he was great. I remember the Canucks were up 5 nothing after the 1st and the fans started to tease him. He played his heart out and the Bruins won 8 to 6 – I think he picked up 7 points and a couple of goals.

I also saw Bobby Hull put one of his snapshots off the goalpost (one of my favorite movies – think Hanson brothers). I swear that thing actually climbed the goal post.

#115 Sail Away on 11.03.20 at 8:34 am

#92 sign of the times on 11.02.20 at 10:47 pm

We’re swamped with press work redoing forms and brochures adding CV19 info but our sign department is dead.

————–

Like, literally dead? With the Corvid?

Wow, maybe this thing IS serious!

#116 TF on 11.03.20 at 8:48 am

I find it fascinating. One post after another on inflating housing and condo prices.

Not a mention about inflating stock prices. Literally the stock market is doing the identical. With yields next to zero, people are bidding up stocks. The multiples of PE people are willing to pay are the SOLE reason for the stock market appreciation. 15x average multiple quietly goes to 20x. (new norm) Then 25x (interest rates are low) then 30x (earnings dont matter just growth)

Now tesla is at 1000x. Amazon is at 87 times. And we should just buy the ETF and be “diversified”

When 5 stocks make up 40% of an entire index and along comes zoom to help out with a market cap double of Caterpillar (what is needed to expand civilization) you know things are out of whack. Well beyond the housing discussion.

But lets all focus on that.

Common folk do not use 20x leverage to buy financial assets. – Garth

#117 Gonkman on 11.03.20 at 9:00 am

#113 crowdedelevatorfartz on 11.03.20 at 7:59 am
@#102 Peeled Orange
“….the orange thing is still pumping it out past midnight…”

++++
Desperation will do that…..
Biden broom sweeps America.

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

I have no dog in this fight. But I will go the opposite on that one.

I Took my last bottle of 20 Year old Canadian Club out for this evenings election.

If it goes to DJT I will enjoy moderately and watch the MSM Meltdown even more than last time.

If it goes to Biden I think I will just keep drinking till the bottle is finished. The hangover the day after will feel minor to the next 4 years.

The American people will decide but I will call it and say its 4 More Years.

#118 TurnerNation on 11.03.20 at 9:10 am

What’s really going on. Pro-capitalist , anti-lockdown protests hit Europe last few weeks.
Suddenly, after almost a year off, the t3rrorists re-appeared there! How about that. I thought they were collecting UBI or something
How do you control herds of animals? Using a few well-places cowboys and collie-dogs, ready to nip. Same same for humans.

In Ontariowe protestors are trying…but then this. Our elite rulers are terrified of us. Get ready for that 1984 boot pressing on your face for the next ten years, the globalists are not done by any means.

https://london.ctvnews.ca/aylmer-ont-declares-state-of-emergency-ahead-of-planned-protest-1.5171637

#119 Dharma Bum on 11.03.20 at 9:12 am

That is indefensible social policy. – Garth
——————————————————————–
480,000 Americans die per year from cigarettes.

(212,000 dead from covid “related” causes.)

https://www.cdc.gov/tobacco/data_statistics/fact_sheets/fast_facts/index.htm

45,000 Canadians die each year from cigarettes.
(10,000 dead from covid “related” causes.)

https://www.lung.ca/lung-health/lung-info/lung-statistics/smoking-and-tobacco-statistics

So why are restaurants forced to close while cigarette sales carry on?

168,000 of the 212,000 covid “related” deaths in the US were over 65 years old. (Almost 80%). Most had other pre-existing serious health issues.

https://www.cdc.gov/nchs/nvss/vsrr/covid_weekly/index.htm#AgeAndSex

89% of Canadian deaths were over 70 years old. Most had other serious pre-existing health issues.

https://www.google.com/amp/s/beta.ctvnews.ca/national/coronavirus/2020/9/24/1_5118484.html

If you shut down restaurants and other businesses, why not ban all cigarette sales? If the excuse is that there is potential for illness or death.

I hate political hypocrisy.

#120 TF on 11.03.20 at 9:17 am

Here is a question. And be honest.

Who would have predicted home prices rising in an pandemic.

Second question.
If home prices didn’t drop from 2008 all the way to today (including a pandemic) when was it supposed to drop?

Drop in immigration? Nope
Land transfer tax? Nope
Baby boomers cashing out? Nope
Rates rising? Nope
700,000 people not paying mortgages-now are? Nope
Mass distribution of people moving away from Toronto?
Canada prices returning to USA correlation?

Under what circumstance would home prices fall. Not “for a season” or “half year”. I am talking about multi year decline.

I am seriously asking because I was in that camp in 1999. I firmly believed home prices were overvalued then. Its been 21 years.

#121 IHCTD9 on 11.03.20 at 9:45 am

#121 TF on 11.03.20 at 9:17 am

I am seriously asking because I was in that camp in 1999. I firmly believed home prices were overvalued then. Its been 21 years.
___

I bought in 2001 – rates have only gone down steadily since then. That explains RE, prices will drop when rates rise and stick.

The bigger question is why does the BOC and the Government need to dump stimulus on the economy Niagara Falls style – for 1.95%?

#122 Handsome Ned on 11.03.20 at 9:47 am

#120 Dharma Bum

The government gets beaucoupe tax money from smokes. If smokers die early a lot of pension money is saved. If electric vehicles get a foothold watch for large increases in the cost of electricity to make up for loss of gas taxes.

#123 Diamond Dog on 11.03.20 at 10:09 am

While Garth is cooking up some kind of election piece, anyone want to make some predictions on who will win in the house, senate and WH and by how much?

I’ll break the ice and go first. Dems gain 12 to 15 house seats, 8 senate seats and Biden blows out the electoral college winning both Texas and Florida. Of all the battle ground states, only Iowa and Ohio remain red, the rest go blue:

https://www.cnn.com/election/2020/electoral-college-interactive-maps#build-your-own

The senate seats up for re-election are:

https://en.wikipedia.org/wiki/2020_United_States_Senate_elections

Republican incumbent seats in play for Dems are Alaska, Arizona, Colorado, both senate seats in Georgia, Iowa, Maine, Mississippi, Montana, North Carolina and South Carolina.

1 Dem incumbent seats in play is Alabama.

I think Doug Jones loses in Alabama and the Dems win the seats in play above except Alaska and either Montana or Iowa. Dems flip 9 seats (but could flip as many as 11) and lose a seat tilting the Senate to 56/44 for the Dems.

Trump is about to face a resounding defeat. A key shift in demographics away from Trump’s favor is the uneducated white vote dropping from 45 to 41%. (mainly seniors dying off) This, plus a notable shift from senior voters away from Trump cooks his goose. Couple it with an energized Dem/Indie base that wants to see Trump gone and Trump is gone. It’s all about voter turnout and this election cycle is like no other in overall turnout.

Both parties are motivated, but the Dems and independents will have a huge turnout this year for Biden and down ballot. Texas and Florida will both go to Biden. This will not be a nail biter with Texas results coming in early leaving little doubt as to who wins the presidency by midnight tonight, as electoral college vote rich Texas pulls the upset for Biden going Democrat for the first time since Carter back in 76′. There are some tight senate races however, that won’t be decided for a few days or more.

This election will be a resounding rebuke of the Trump presidency and policy (or lack there of). Trump’s handling of the pandemic (including his re-election campaign) and his highly combative immoral character will cost him the election. It was Trump’s to win but he blew it in spades taking a chunk of the Republican party down with him down ballot and deservedly so. Republicans should have checked him but instead enabled him and in so doing, deserve everything they get.

Is this the best result moving forward? It is. This will end gridlock and usher in decisive direction on a broad range of issues chief among them being energy policy and climate change as well as this current pandemic. This blue wave will meet political distractions, however. We are likely to see Obamacare reversed in the courts, as well as Roe vs Wade in the spring or summer of next year but these decisions will only further Democrat rule in the 2022 election cycle. We are about to see a major change in U.S. government policy and the markets will for the most part, agree with these changes.

The beginning of 2021 will see its share of challenges but heading into the summer of 2021 the worries and fears of our current pandemic will subside for good reason. While there will be needed market corrections, there will also be optimism specifically in the area of green tech and transportation. Money managers have had a hard time of it in these sectors. I think this is about to change in the latter half of 2021 and beyond but we shall see as time tells all!

#124 Yukon Elvis on 11.03.20 at 10:16 am

#115 westcdn on 11.03.20 at 8:33 am

I saw Orr play and he was great. I remember the Canucks were up 5 nothing after the 1st and the fans started to tease him. He played his heart out and the Bruins won 8 to 6 – I think he picked up 7 points and a couple of goals.
……………………………………..

I was at that game. I made a bet between periods that Bruins would win when Canucks were up 5-0. He was the greatest player ever.

#125 Janis Fore on 11.03.20 at 10:20 am

DELETED

#126 jal on 11.03.20 at 10:31 am

@ #124 Diamond Dog

You did not include a “cover your ass” phrase in your election forecast.
(however, but · nevertheless · nonetheless · still · yet · though · although · even so · anyway · anyhow · be that as it may · having said that · notwithstanding · still and all · )

#127 Captain Uppa on 11.03.20 at 10:32 am

Common folk do not use 20x leverage to buy financial assets. – Garth

———————————————————-

What is the financially responsible amount of leverage to buy a home and/or other financial assets?

#128 Apocalypse2020 on 11.03.20 at 10:39 am

https://www.theglobeandmail.com/opinion/article-unless-theres-a-clear-cut-verdict-this-election-is-a-disaster/

PREPARE

#129 NSNG on 11.03.20 at 10:40 am

I’m already burned out on all the madness. Today is going to be the most pivotal day for a long, long time.

#130 Beetman on 11.03.20 at 11:04 am

Pretty sure the Trumpster has got this one in the bag. I really enjoy watching the lefty media have a total melt down. It really shows how shallow the Dems/liberals really are.

#131 Yukon Elvis on 11.03.20 at 11:04 am

#124 Diamond Dog on 11.03.20 at 10:09 am
While Garth is cooking up some kind of election piece, anyone want to make some predictions on who will win in the house, senate and WH and by how much?
……………………………..

Trump 275 electoral college votes, Republican senate 51-49, house of rep. up probably Dem.

#132 Diamond Dog on 11.03.20 at 11:16 am

#127 jal on 11.03.20 at 10:31 am

Noted. I must be phlegmatic and unflappable, apparently.

#133 Ponzius Pilatus on 11.03.20 at 11:19 am

#114 crowdedelevatorfartz on 11.03.20 at 8:03 am
@#93 Canuck
“Does anyone read comments longer than 2 paragraphs…a lot of long winded crap here.”

++++

Some of us have a longer attention span than a fruit fly over an open beer can……
—————————
Some of us actually have a life.
Good luck tonight.
I’ve got the schampus on ice.

#134 Sail Away on 11.03.20 at 11:22 am

#124 Diamond Dog on 11.03.20 at 10:09 am

While Garth is cooking up some kind of election piece, anyone want to make some predictions on who will win in the house, senate and WH and by how much?

—————-

Professionals accept reality and operate accordingly. Amateurs feel personally affronted when events proceed differently than they wish.

Why speculate? It doesn’t matter. Wait a day, then operate accordingly. Be the boss.

#135 TurnerNation on 11.03.20 at 11:24 am

Here is is Comrades. Per global UN agenda the Pack em and Stack em housing is here Feudal times are back, the Lord /Lady will allow you a 300 sq foot plot to live on.
UBI cometh.
When should I quit my job and just take the handouts? Cost/benefit curve please.

So what’s really going on? A CV health crises or a UN agenda stopping the spread of Capitalism? Say how many new hospital beds has T2 announced??
Keep working Comrades, we have new national debts to pay. You are free to leave at any time.

https://www.newswire.ca/news-releases/new-rapid-housing-initiative-to-create-up-to-3-000-new-homes-for-canadians-850757493.html
The Prime Minister, Justin Trudeau, today announced the launch of the new Rapid Housing Initiative (RHI) that invests $1 billion to create up to 3,000 new permanent, affordable housing units across the country.

#136 KLNR on 11.03.20 at 11:25 am

question for any americans on here.

Why vote for Trump?
Just curious what the legit reasons are.

#137 IHCTD9 on 11.03.20 at 11:34 am

#123 Handsome Ned on 11.03.20 at 9:47 am
#120 Dharma Bum

The government gets beaucoupe tax money from smokes.

—-

I can’t speak for all Provinces, but here in Ontario – the government USED to make lots of $$ on ciggies.

Years ago, the Ontario government turned a blind eye to an infant black market tobacco industry sprouting (due to the huge tobacco tax hikes) in various FNR’s in Ontario and PQ. Today, they’ve lost total control of what was once a lucrative, slam dunk revenue stream for them.

Some of these reserves even have their own Police forces now, so the OPP can’t even drive by for a look see. The Natives have it locked down claiming tobacco production is their sovereign right. I can see Trudeau tearing up and apologizing already.

These ciggies are sold all over Canada for like 1/8th the cost of Government sanctioned equivalents. I’ve read they have over 70% of the market here in Ontario. The Indigenous ciggie manufacturers know that Ottawa has been castrated since 2015, so they gonna riiide till they can’t no ‘mo.

I hope the FNR’s keep making billions off this stuff, and I hope that our yahoo governments are now starting to get the picture of what a sovereign nation inside their own borders implies.

#138 Linda on 11.03.20 at 11:42 am

I think RE with dirt will definitely be worth ‘more’ six months from now, as the virus is all too likely to still be in play. Condo RE however is likely to continue to depreciate in value, again due to the virus.

While I would not purchase a condo myself, the fact remains that the depreciation in condo pricing does present an opportunity for those who want to own instead of rent. Right now it is possible to get a 5 year fixed term at 1.59%. It also presents an opportunity for those who rent to ‘move up’ or even negotiate a rental agreement that locked in a rent rate for a period of years.

#139 palebird on 11.03.20 at 11:57 am

#131 Beetman Pretty sure the Trumpster has got this one in the bag. I really enjoy watching the lefty media have a total melt down. It really shows how shallow the Dems/liberals really are.

Exactly

#140 Elon Fanboy on 11.03.20 at 12:08 pm

#124 Diamond Dog on 11.03.20 at 10:09 am
While Garth is cooking up some kind of election piece, anyone want to make some predictions on who will win in the house, senate and WH and by how much?

————————

As I predicted a few days ago, based on voting so far this morning in Florida, Republicans up huge in Florida. On pace to win that by around 5 points. And as they say as Florida goes so does the country.

320-ish electoral votes for Trump.

Ignore all the exit polls, as we know they were totally wrong in 2016.

Biden’s campaign manager this morning is already panicking, saying Biden can still win without Fl and PA.

Not convinced yet the Reps can retake the house, but it might be close.

#141 Masks really do make some people more attractive on 11.03.20 at 12:09 pm

#84 crowdedelevatorfartz on 11.02.20 at 9:53 pm
BC Money Laundering Cullen Commission interviewed
a “Special Constable” with BC Gaming.
Ken Ackles ( the FIRST Gaming person willing to testify without his face blocked out).
Mr Ackles started at BC Gaming in 2013 and was told he was “not allowed to investigate because as a special constable it would be too dangerous…..”

Stay tuned.
Former RCMP officer and BC Gaming Minister “Rich” Coleman will eventually be dragged in, kicking and screaming, to testify….

One should also remember,
BC renegotiated its Police Contract with the RCMP as all this gaming/money laundering was getting bad.
Rich Coleman was instrumental in signing off on the 20 year ( BILLIONS of dollars) renewal for the RCMP provincial police contract.
He publicly opined that perhaps the Province should go back to a Provincial Police force……

Stay tuned.
This is BC……you know there will be more political lizards crawling from under the rocks…..

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

To the list of suspects, add:

Senator Larry Campbell, former RCMP, YVR Mayor and Great Canadian Casino board member

#142 palebird on 11.03.20 at 12:18 pm

137 KLNR uestion for any americans on here.

Why vote for Trump?
Just curious what the legit reasons are.

Legit reason (there really is only one). He actually gets things done. Period. People are impressed.

#143 KLNR on 11.03.20 at 12:26 pm

@#143 palebird on 11.03.20 at 12:18 pm
137 KLNR uestion for any americans on here.

Why vote for Trump?
Just curious what the legit reasons are.

Legit reason (there really is only one). He actually gets things done. Period. People are impressed.

————————-

Not trying to be confrontational but, like what?

#144 Faron on 11.03.20 at 12:48 pm

#88 Sail Away on 11.02.20 at 10:17 pm
#60 Faron on 11.02.20 at 7:03 pm

Quad nothing. Sheesh. Some people never break free of convention, turning tunnel vision into self-limiting reality.

Just strap on the tactical shorts and start running, buddy.

Sounds chafe-ey. I picture lederhosen.

#145 Fabio on 11.03.20 at 12:58 pm

My employer had many people work from home .
Last month one employee hurt herself at home pretty badly. WS&IB stepped in.
Now my employer is calling everyone back. Too expensive to have people work from home. (And yes productivity started to go down too).

As far as U.S. elections go I’m thinking Trump will win. My 2 cents.
I cry that we still have Trudeau.
Americana don’t want to become communist.

#146 Diamond Dog on 11.03.20 at 2:41 pm

#141 Elon Fanboy on 11.03.20 at 12:08 pm
#132 Yukon Elvis on 11.03.20 at 11:04 am

Thanks for opining, we shall see!