Digital dopes

@dogwithsign

So the second wave has offed open houses. Realtor associations in BC and Ontario have told agents and brokers to stop walking clients through properties. It’s a rerun of what happened months ago during Wave One – which apparently was just a germy little rehearsal for what’s here, and about to arrive. (Until The Cure gets here.)

Recall what happened when showings stopped in the spring?

Yep, the market croaked. Here’s what Toronto realtors reported:

The competition for those properties already on the market when COVID-19 came to Canada ensured a tiny increase in the average home price last month but only in the semi-detached market; both the detached and condo markets saw a decline. However, real estate transactions and new listings were strongly affected by the city shutdown, plummeting 67 per cent and 64.1 per cent respectively, compared to April 2019.

But that was then. We were all going to die from the virus. Now it’s routine – and everybody’s wearing a muzzle.

So just as Zoom allowed WFH and people in their undies to keep their office jobs, so has FaceTime saved real estate. Sort of. Showings are virtual. Open houses are scheduled like online webinars. Agents are spending way more time on professional photographers and virtual tours to market their listings – and buyers have been stunningly compliant. Especially the kids.

Apparently Millennials don’t like going to banks, Or stores. Or car dealerships. Or open houses. If there’s not an app, fuggedaboutit. Many of them seem perfectly happy to buying a house they’ve only driven past, viewed online and never set foot it. Then they email an offer, have mom send an e-transfer for the deposit and get an online mortgage. Ba-boom. Done.

This, of course, is nuts. Especially these days when a lot of vendors won’t even let a home inspector in the door. If you buy without viewing, the risk is huge. You deserve what you get, including crap wiring, wheezy furnaces, weepy foundations, mold farms, nail pops and attic coons. I noticed American finance writer Ilyce Glink opining about this recently, and could not agree more. So here are a few things you should never, ever (ever) do when buying property…

First, don’t buy a house online. It’s called ‘real’ estate for a reason. This is not a video game. It’s not Amazon. You can’t return it if it’s broken. Realtor photos and digital tours can be highly misleading, masking flaws and distorting reality. Google Streetview is fun, but useless for knowing the texture of the hood and the dodginess of the neighbour. So if Covid means you can’t go there and look in every closet and crevice, plus have an inspection done, then don’t buy during the pandemic.

Second, never buy without your own agent. It costs you nothing to have a person representing and assisting you, since the seller pays for this service. Realize that the listing agent is working for the owner, not you. A buyer’s agent can find out valuable information on the sales history of the house, provide you with comparables, give an opinion on the price, the location and the market and negotiate the best possible terms. Especially if you’re a first-time buyer, you need this. It’s called adulting.

Third, be careful about that online mortgage. Yes, it’s totally easy to get financing through a broker’s website or one of those rate aggregators. But odds are you’ll be borrowing hundreds of thousands of dollars that will take years, maybe decades, to pay off. The loan will come up for renewal periodically, interest rates will gyrate, and your circumstances may change. This is where a personal relationship can be meaningful. Algorithms don’t give a fig.

Fourth, do not borrow based on interest rate alone. The lowest is not always the best. The cost of a home loan is just one aspect, and equally important are the built-in prepayment privileges or the penalty should you sell before the term expires. It might make more sense to borrow from your bank, for example, where you have investment accounts or a LOC than from a web site. But you may have to visit the branch. And that means putting your pants on. Oh, the sacrifice.

Fifth, believe nobody when told how much you can borrow. It’s insane. While I know most Mills think they’re just renting a big pile of money that never really needs to be repaid (because prices always go up) so the debt is irrelevant, this is unwise. When Covid leaves, inflation rears amid huge government borrowings and rates rise, real estate will be impacted. Borrow under the limit. Live below your means. Trust no one.

Sixth, have a damn good reason to buy. These days rents are falling, FOMO has jacked house prices while the virus and low rates have distorted the market. It’s a recession with high unemployment, a weak economy and in the midst of a pandemic. The suburbs are nuts. Recency bias is everywhere. Nesting is rampant. This is not normal and diving into over-valued real estate is not a path to financial security. So (as oft stated here) buy only if you really need a house and can afford one without gutting your finances or imperiling your family.

But above all else, go there.

152 comments ↓

#1 Victoria resident on 11.09.20 at 4:37 pm

Wow Garth.
This photo is very degrading to women. Particularly since Biden has a woman VP.

#2 Apocalypse2020 on 11.09.20 at 4:39 pm

HUGE BREAKING NEWS!

Trump fires Secretary of Defense

“The firing of Mark Esper is just the start of a very wild 72 days”

https://www.cnn.com/2020/11/09/politics/mark-esper-fired-donald-trump/index.html

Esper opposed Trump’s desire to mobilize the military to crush protesters and to create diversionary global military operations against rivals.

Now he’s gone. The new sock puppet will be more than pleased to help the boss push the red button.

Nothing like some war and international crises to prolong a dictatorship…er…presidency.

Folks, this is getting extremely serious. In real time.

Remember what James just said here today, lessons from history:

______________________________________
#252 James

How Hitler seized power in Nazi Germany.
1 Create a crisis.
2 Demonize opponents.
3 Declare a state of emergency.
4 Undermine elections.
5 Make the rule of law irrelevant.
6 Rule by executive order.

Sound familiar?

______________________________________

The probability of nukes in November is now 75%.

The chance of Biden taking office is less than 50%.

PREPARE

#3 Red falcon on 11.09.20 at 4:40 pm

Millennials these days are not what they are cracked up to be. Some can be thoughtful, some can be downright irritating. A new generation I guess, but leaves far to be desired for a lot of things… mostly financial stuff which Garth aptly elaborates on today’s RE topic.

In the end, it’s the milennials money so it’s their choice. But as they say, a fool and their money are soon parted, if not this generation then surely the next.

#4 WOW ... on 11.09.20 at 4:42 pm

hope the Mills are still like this when I go to sell. Really?

#5 Gramps on 11.09.20 at 4:44 pm

Haha
Wonder how many times that b***h voted.

#6 C V on 11.09.20 at 4:46 pm

Great post for us young millennials Garth, I especially liked the part about calling up mom and dad for an etransfer, so funny and so true.

What are your thoughts on Calgary and Edmonton real estate right now? While the rest of Canada goes crazy, some places seem rational for a long term purchase at comparatively “low” prices

#7 Ian from Oshawa on 11.09.20 at 4:54 pm

Waiting to buy a house. No FOMO here! Why? Because I listened to excellent advice.

Thank you, Mr. Turner!

May day will come, and I’ll remember who steered me right.

Best wishes,

Ian from Oshawa

#8 Andrewski on 11.09.20 at 4:55 pm

One challenge for the first time young buyers is not having financially literate parents/advisors who can provide them sage advice like yours Garth.

#9 Brian Ripley on 11.09.20 at 4:55 pm

My chart of Average Prices of VANCOUVER and TORONTO Single Family Detached Houses, BITCOIN and GOLD all Denominated in USD is up:

http://www.chpc.biz/bitcoin-gold–re.html

The FOMO 2.0 crowd have bulled these plots back up to the highs.

Eventually peaks lead to “corrections” to the trend

#10 Phylis on 11.09.20 at 4:56 pm

At mortgage renewal time, never accept the renewal form rates mailed to you from the bank. Go in person to the branch and negotiate.

#11 Mr. President on 11.09.20 at 4:59 pm

McConnell supporting President Trump.

#12 binky barnes on 11.09.20 at 4:59 pm

Great advice as usual Garth. Hope the winter season is kind to you folks on the east coast this year.

BB

#13 I’m stupid on 11.09.20 at 4:59 pm

Garth you missed the most important rule. Never buy a home with someone you aren’t sleeping with.

#14 Post on 11.09.20 at 5:06 pm

“Then they email an offer, have mom send an e-transfer for the deposit and get an online mortgage. Ba-boom. Done.”
—————-
Love it Garth.

#15 Ustabe on 11.09.20 at 5:10 pm

My brother and I built over 30+ years a medium sized property management company in Calgary.

Started out with two banged up rental trailers in a park on the outskirts, ended up with 2 executive rentals under contract with the University of Calgary, 2 commercial units in a 99.9% leased building, 7 multi bedroom houses in the oil patch junior executive range, 3 duplexes in the worker bee range and the house my sister lived in.

Along the way we acquired valuable professional advice…Garth is correct, interest rates don’t much matter. Terms and conditions sure do tho…buy the steak not the sizzle. Our CA showed us the how, where and why of changing or even scratching various terms and conditions from a proffered mortgage document, the end result of which saved us many thousands of dollars….yearly but over the long term.

Any competent CA can do the same.

I/we held many mortgages over the years. All in Alberta, through thick and thin and we made ourselves quite well off…not adverse to risk at all but I wouldn’t take on a mortgage in today’s conditions if my life depended on it.

#16 The Wet One on 11.09.20 at 5:10 pm

The house I bought was the second one (of about 40) I looked at.

Before pulling the trigger, I spent almost a full afternoon puttering around in it, asking questions, poking around.

I signed off on the agreement subject to a satisfactory inspection report and had my professional inspectors in.

Seriously. Buying a home is a big effin’ deal. Treat it like one.

#17 Brian Ripley on 11.09.20 at 5:14 pm

“some places seem rational for a long term purchase at comparatively “low” prices”
#6 C V on 11.09.20 at 4:46 pm

Calgary Housing:
http://www.chpc.biz/calgary-housing.html

Strata: Calgary Condo prices are at 2006 levels and 31% below their peak. Calgary Townhouse prices are back to 2012 pricing.

Detached Calgary prices are still inside their 5 year trend

Demographia list of housing affordability in 50 Canadian cities:
http://www.chpc.biz/demographia.html

#18 45north on 11.09.20 at 5:15 pm

Agents are spending way more time on professional photographers and virtual tours to market their listings – and buyers have been stunningly compliant.

I’m wondering what the miracles of photography could do. There’s no law that a professional photographer cannot bring in extra lighting. What about aperture settings? If the room is small the right aperture setting will blur the background. White balance? Gets rid of that yellowy look. What about scaled-down furniture? Who says thats a regular chair? If the bathroom is a little cramped, why not take the door off and then snap some pictures.

45north
have camera, will travel

#19 The Wet One on 11.09.20 at 5:15 pm

As for Garth being degrading to women, well, he is a conservative after all (ha!) and, female dogs are called bitches. So it’s just a wee little sexist joke.

Also, if Garth were from the ‘hood, this would just be the common vernacular (and I say this as a man of colour).

So, maybe, chillax a little?

Or nah?

Christ. This is the exact kind of uptightness that got us Trump in the first place. And while I’m in agreement with your sentiment, as that was my first thought too at the picture, I’m not sure that encouraging more effin’ Trumps is quite the way to proceed.

Which is terribly unsupportive of women and bad on my part, but a huge percentage of people still supported Trump.

Then again, throwing women under the bus in any way just to appease those people is probably not the way to go.

Decisions, decisions and consequences.

FFS!!!!

#20 Danny Flynn on 11.09.20 at 5:16 pm

It is nuts. My brother-in-law and my sister just bought a house over asking by $95,000 and got a 5 year mortgage at 1.69%. The mortgage balance is $575,000 but the house cost $885,000.

They took their RRSP’s and GIC’s that came due $350,000 left only $40,000 as cash reserves. They are not happy with their 1.5% to 2% GIC rates. They remember getting 3.0% to 3.25% GIC’s just 5 to 6 years ago. The reason they did this was because they wanted to make double their money every 10 years, 7%+ a year from real estate.

This is what their investment mortgage broker told them with piles of printouts. He told them is this is historical market value appreciation of real estate in the GTA for decades and will continue for decades more. They also told me rental income is extra on top this return and covid will not deter this mid to longer term. I told them my opinion and said don’t do it but they will not listen.

#21 An Avid Reader on 11.09.20 at 5:17 pm

“Second, never buy without your own agent”…I thought in this paragraph you would mention not to sign a BRA.

#22 The Totally Unbiased, Highly Intelligent, Rational Observer on 11.09.20 at 5:17 pm

What is with all this Real Estate stuff in today’s Blog post?

I thought this was a Trump fan Blog.

Try to stay focused.

#23 VOTE NO ONE on 11.09.20 at 5:19 pm

Toronto house prices will skyrocket from 2021-2025 until the Liberals are forced out from their offices in Ottawa and replaced with a benevolent dictator nationalist like Andrew Scheer or Stephen Harper.

They will open the floodgates for temporary labourers while driving down our wages.

Vote for NO ONE.

#24 Doug t on 11.09.20 at 5:25 pm

Buy a house virtually – go to move in and it was never there in the first place – SNAP

#25 Linda on 11.09.20 at 5:27 pm

Caveat emptor. Let the buyer beware. True then & true now.

#26 WTF on 11.09.20 at 5:28 pm

Aaaaand the Dippers here in BC just extended the rental increase moratorium till July 2021. Which will be pegged to inflation once it is lifted. Not good for Landlords.

For those of you who mindlessly believe Former President Bonespur , Grifter in Chief , Don The Con, still deserves ANY respect. I look forward to the mountain of legal action in the upcoming months for Donnie and his doltish children. LOCK HIM UP!

https://www.cnn.com/2020/10/17/politics/trump-election-legal-reckoning/index.html

Pathetic. But we all knew that already didn’t we!

LOCK HIM UP

https://www.wired.com/story/opnion-trumps-bogus-ballot-lawsuits-are-the-mark-of-an-autocrat/

Ahhh karma, it really is a bitch

#27 Rainman on 11.09.20 at 5:28 pm

Anyone buying a house online without setting foot inside it is a complete fool and deserves what they get. To even consider it is ludicrous??

#28 justdeleteitifyoudontlikeit on 11.09.20 at 5:39 pm

DJT detests Dems, desires dollars to deploy defending vs. dastardly deployed deep dudes!

Dems have planted moles! Trump assembled ‘the best’ legal teams in every state two years ago, but the one in Michigan is sabotaging cases:
https://twitter.com/aayoub/status/1325850686790266881

The Republican Secretary of State in Georgia? Also a Democrat sabotage mole!
https://twitter.com/stphnfwlr/status/1325893672777510912

Donate today! DJT’s former campaign manager used your previous donations to buy a Ferrari, a yacht, a Range Rover*, and a waterfront mansion, so we’re fresh out. We need cash TODAY to pay off our old debts, I mean new lawyers. Don’t let those cheatin’ Democrats STEAL this election!!! All donations received in the next two hours will be added to the list of suckers, er, Special Donors in a Time of Terrible Tribulation, which DJT will review PERSONALLY right after he gets back from the golf course. Will he see your name on the list? Don’t Disappoint Donald!
https://secure.winred.com/djt/finance-team-daily-goal

* – There’s no accounting for taste. Come to think about it, in this campaign, there’s no taste, and there’s no accounting.

#29 justdeleteitifyoudontlikeit on 11.09.20 at 5:46 pm

P.S. If you’re short on cash, you can make 7x your money betting on The Donald to Win at https://www.predictit.org/
By the time your credit card statement comes due, you’ll have the cash to pay off your donation, and then some. So donate up to your credit limit, TODAY. Don’t let the Democrats STEAL this one!!!

* NB Any resemblance to a hucksterish real estate investing seminar, or a condo timeshare sales event is STRICTLY unintentional. All characters are factional.

#30 SeeB on 11.09.20 at 5:48 pm

#1 Victoria resident on 11.09.20 at 4:37 pm

Wow Garth.
This photo is very degrading to women. Particularly since Biden has a woman VP.

—————————————————————

Get a load of this debate-lord trying to stir up controversy over a photo of a dog and a naughty word. Sad. Keep stretching, yogi.

—————————————————————
#2 Apocalypse2020 on 11.09.20 at 4:39 pm

The probability of nukes in November is now 75%.

The chance of Biden taking office is less than 50%.

PREPARE

—————————————————————-

Keep up the good work. The deluded rants really help make one side look more reasonable than the other.

—————————————————————

#11 Mr. President on 11.09.20 at 4:59 pm

McConnell supporting President Trump.

—————————————————————

McConnell gave a limp “let him try the courts” response, knowing that it’s going nowhere. Classic Mitch, which you’d know if you’ve been paying attention. He could have said nothing at all and had the same effect. There was no direct personal support for Trump in Mitch’s statement to congress. All he did was fool Trump supporters into thinking he cares about you at all.

—————————————————————

#31 zoey on 11.09.20 at 5:50 pm

For sure. My favorite RE laugh is the stretched photo’s on the listing making everything look much bigger. Then you go there and its a shoe box hahaha.

Already today since the Pfizer vaccine “potential” , the markets screamed higher, ETF’s roared and bonds dropped. If the vaccine is the silver bullet, rates will start to rise, demand for RE and housing in the burbs drop back. We still have high unemployment, closed businesses so what will the BoC do ? continue QE ?

#32 Yuus bin Haad on 11.09.20 at 5:52 pm

I thought this was the third wave

#33 3s on 11.09.20 at 5:52 pm

In boating circles brokers are quietly having a laugh at the FOMO too, word is business is up and the best buyer is an absent buyer. No inspections required – just commission :)

#34 RaphMTL on 11.09.20 at 5:53 pm

“It costs you nothing to have a person representing and assisting you, since the seller pays for this service. Realize that the listing agent is working for the owner, not you. A buyer’s agent can find out valuable information on the sales history of the house, provide you with comparables, give an opinion on the price, the location and the market and negotiate the best possible terms.”

Garth, I have to disagree with you on this one : Both agents work for themselves.

– A buyer’s agent’ commission will be already setup in the contract of the seller’s agent.
-> The highest price will be the best for BOTH agents.
-> A buyer’s agent can choose not to look at some homes-for-sale if the % is not high enough, thus decreasing the poop of opportunities for the prospective buyer.

– All those “valuable information” should be opened to the public like in many countries, and not kept secret by the realtor mafia. In France for example, it is provided by the government (https://app.dvf.etalab.gouv.fr/) in open-data form, and many ad-hoc websites provide all those looked-after statistics for free.

#35 the Jaguar on 11.09.20 at 5:57 pm

Give up. Apparently you cannot post at certain times. Maybe when Garth is posting comments, or something. Sheesh.

#36 Trudeau’s Magic Money Machine on 11.09.20 at 6:01 pm

Don’t worry, with me around, there will be lots of cash for the kids to buy houses.

#37 Retired BTC Investor on 11.09.20 at 6:07 pm

Fake news, fake election, fake vaccine, fake market rally?

#38 Leftover on 11.09.20 at 6:14 pm

The RE virus is worse than Covid and, like its biological twin, has mutations.

First, as noted by the main stream, condo’s are lethal.

Second, even single family residences might not be as they seem. In our hood, not Toronto or Vancouver, the “hot” market is cooler the higher you go.

We have 3 friends who put their houses up for sale last year. Fairly high-end places but not extravagant. While the good news is they have all sold within the past 6 months, the bad news is they took an average of 18 months to sell, the selling prices were more than 10% below asking, and they all sold below the provincial assessment, a big deal in these parts.

So if the market is “hot” it tells me that it’s really first time buyers piling in with whatever the bank will give them, bidding up prices on beater houses, taking a leap of faith with an industry that doesn’t deserve it.

There’s no vaccine for stupidity.

#39 N on 11.09.20 at 6:15 pm

“Just now the Finance Minister claimed it is a state secret how much of our debt is locked in for the long-term.

We can get it on the Bank of Canada website. 91% is short term.” – Pierre Poilievre

https://twitter.com/PierrePoilievre/status/1324519772718043136

#40 SoggyShorts on 11.09.20 at 6:16 pm

#225 AM in MN on 11.09.20 at 11:16 am
#229 Iconoclast on 11.09.20 at 11:55 am

Can either of you(or anyone) explain to me how the Dems are so great at fraud that they stole a presidency, but they are so inept at fraud that they forgot to take 2 senate seats?

Wouldn’t a president who can actually affect change by not getting outvoted 100% of the time in the senate have been better?

#41 sean on 11.09.20 at 6:19 pm

re: believe nobody when told how much you can borrow.

So true. When we bought in the late ’90s we estimated our borrowing limit based on conservative earnings growth, some buffer for interest rate changes, and the potential for income gaps due to job uncertainty and/or time off for children. When we shopped around for mortgages, however, every single lender we talked to assessed our maximum borrowing capability as DOUBLE what we had estimated! We were horrified at the amounts they proposed lending us.

Fast forward 23 years and the mortgage has been gone for 6 years, and yet I now know that our estimates were far closer to reality than the banks’ were. What with job changes, child care expenses, and eventually university fees, I can’t imagine how we would have coped if we had taken their advice to max out on debt.

I tell my kids that the bank is not your friend. Banks are like knives – useful tools, but they can easily cut you if you don’t handle them carefully.

#42 Doug t on 11.09.20 at 6:20 pm

#1 Victoria resident

PC police on high alert status – be fair warned lol

#43 Terry Mussan on 11.09.20 at 6:21 pm

The central bankers and others that are allowing and encouraging cheap flood of money to pump up asset prices of all types, bonds, stocks, real estate etc.

They will change the direction of the wind in the future and then there will be a big cut to everyone’s financial and other assets. Money printing will also do this big time unfortunately.

#44 SoggyShorts on 11.09.20 at 6:21 pm

30 comments ↓
#1 Victoria resident on 11.09.20 at 4:37 pm
Wow Garth.
This photo is very degrading to women. Particularly since Biden has a woman VP.

*****************
To quote RG:
“You found that offensive? I found it funny. That’s why I’m happier than you.”

#45 Fool me once ... on 11.09.20 at 6:24 pm

Second, never buy without your own agent. It costs you nothing to have a person representing and assisting you, since the seller pays for this .It’s called adulting.

________________________________

In fact, it did cost me. You are delegating trust to someone else. The moment you do that, you leave yourself open to the incompetence of others. I bought a place three years ago that advertised that you could put in a pool in the backyard. It also had a garden and an irrigation system. The only problem was that the garden and the irrigation system were not on my property as was brought to my attention recently. And the only pool that would fit would be one for a couple of dwarfs.

This would have never happened if I hadn’t brought someone in as i would have carefully checked this myself. Never again!

#46 Garth's Son Drake on 11.09.20 at 6:26 pm

Fresh new restrictions coming to nutty Alberta and complacent BC.

Bonnie be like, “okay people, stop the limo parties” but keep YVR wide open.

Developing: The DominionVotingSystems that “glitched” in favor of Joe Biden (and was used in 29 states), partnered up with Clinton Global Initiative and had on staff former employees of both Clinton Growth Initiative and Clinton Cash Cow TENEO.

McConnell goes full Trump.

Gunlach claims his winning pick was accurate.

Bannon goes full barbarian and wants heads on sticks – getting blocked on youtube and twitter instantaneously.

And here is Trump from a few hours ago:

Georgia will be a big presidential win, as it was the night of the Election!

Wisconsin is looking very good. Needs a little time statutorily. Will happen soon!

Nevada is turning out to be a cesspool of Fake Votes.

The time to buy a bunker is now.

#47 VanIsle Retiree on 11.09.20 at 6:34 pm

I can foresee people with really crappy places trying to market them right now for exactly that reason – no in-person viewing.

#48 Ronaldo on 11.09.20 at 6:35 pm

#32 Yuus bin Haad on 11.09.20 at 5:52 pm
I thought this was the third wave
—————————————————————-
Here on the island still waiting for the 1st wave. Been watching for it out my window overlooking the Bay since it was first announced. No sign of it yet.

#49 The Daily Dirt Nap on 11.09.20 at 6:36 pm

Putin, Xi and other strongmen haven’t congratulated Biden yet.

#50 Penny Henny on 11.09.20 at 6:39 pm

#35 the Jaguar on 11.09.20 at 5:57 pm
Give up. Apparently you cannot post at certain times. Maybe when Garth is posting comments, or something. Sheesh.
//////////////

The Jag is getting censored?
Sheesh.

#51 Jack Maxey on 11.09.20 at 6:40 pm

615-747-1500

Tip line for voter fraud in battleground states.

#52 FriedEggs on 11.09.20 at 6:43 pm

“The illusion of freedom will continue as long as it’s profitable to continue the illusion. At the point where the illusion becomes too expensive to maintain, they will just take down the scenery, they will pull back the curtains, they will move the tables and chairs out of the way and you will see the brick wall at the back of the theater.”
-Frank Zappa

#53 Ronaldo on 11.09.20 at 6:45 pm

#34 RaphMTL on 11.09.20 at 5:53 pm

I tend to agree with you on this point. I have always figured that whether it’s the sellers agent or the buyers agent, they are working for the person (buyer) who is the one who will be paying their commission. Without the buyer there is no comish. Do you really think that your agent gives a hoot if he/she gets you to agree to a drop in price of say 50 big ones so that you can make a quick sale? It only represents a few hundred dollars in commission for her/him. Never trust a realtor. Except maybe Steve Saretsky.

#54 Dolce Vita on 11.09.20 at 6:47 pm

Europe Mink Porn

In a nutshell there is gene sequenced new COVID-19 strain confirmed by Denmark that MAY suppress the body’s immune response and render current vaccines LESS efficacious.

I have been following this since it broke in September.

Code Named: “Mink Coronavirus” the World’s MSM as imaginative as ever.

MINK LINKS follow…

————-
1st, if you ever wanted to start mink farming, BBC to the rescue:

What’s the science behind mink and coronavirus?
https://www.bbc.com/news/science-environment-54842643
————-
2nd, ban the Danes:

Coronavirus: UK bans Denmark visitors over mink Covid-19 fears
https://www.bbc.com/news/uk-54851042

[where it also writes “The World Health Organization has said it is too early to jump to conclusions.” when have I heard that before from that Clown Show?]
————-
3rd, 7 countries already with Mink Coronavirus infections (wonder of wonders, 6 of them have large mink farming industries):

Israel is feared to be seventh country to be hit by mutated coronavirus strain spread by mink, as three people are tested after returning from Denmark
https://www.dailymail.co.uk/news/article-8929089/Israel-feared-seventh-country-hit-mutated-Covid-strain-spread-mink-three-people-tested.html
————-
4th, heck even ZeroHedge had a stab at it:

Denmark To Kill 17 Million Mink After COVID Mutation Found
https://www.zerohedge.com/medical/denmark-kill-17-million-mink-after-covid-mutation-found
————-
Today’s NEW update on the “mink coronavirus” by Doc Campbell from the UK:

https://www.youtube.com/watch?v=3QvvMDw6YQw

“LOW RISK” …for now.

Yesterday his first video on the mink coronavirus, from simple to complex at the end:

https://www.youtube.com/watch?v=UfkMywgDEdY&t=494s

——————————

The official name for this mutation:

SARS-CoV-2-Cluster 5 Variant

OK I think “mink coronavirus” starting to grow on me as a name for the NEW DAMN VIRUS vs. the above mouthful.

FWIW

#55 truefacts on 11.09.20 at 6:50 pm

Garth – “…never buy without your own agent. It costs you nothing…”

Question (for Garth or anyone else)…

I can search houses online and arrange a viewing. I get a lawyer to ensure title, an inspector to ensure the place is okay…why do I need an agent???? I have found that I let the selling agent represent me for this deal only, so they get both commissions, but then I offer less as they are getting paid more – it’s worked in the past. They also have an incentive to get my deal closed. Perhaps not in a hot market, but am I missing something???

#56 Donald Biden on 11.09.20 at 6:50 pm

Oil Stocks going up, just like Lewenza was calling for. These guys know their stuff!

#57 cramar on 11.09.20 at 6:51 pm

Just catching up on weekend posts. I’m so sorry to hear about Bandit. Friday’s post brought tears to my eyes.

The good news is that the doggyverse is moving on. U.S. news was excited that Biden is again bringing our best animal friends BACK into the White House again. Even the first rescue dog in Presidential history! Hopefully this will inspire many others to follow his lead and adopt a rescue/shelter pooch.

A local family has just adopted a 3-yr-old blind rescue from Egypt. Kept in a crate all her life for breeding purposes. Now another recent immigrant. Isn’t Canada great?

RIP Bandit and Alex Trebec. Both great Canadians.

#58 Dog Breath on 11.09.20 at 6:53 pm

#1 Victoria resident on 11.09.20 at 4:37 pm

Wow Garth.
This photo is very degrading to women.
—————————————————————-

Technically the word bitch simply means female dog. That’s it. OK, I realize some guys have started referring to their wives and girlfriends as “my bitch” but the sexism is on them.

#59 Dogman01 on 11.09.20 at 6:55 pm

Live below your means.

Trust no one.

Be slippery and difficult.

Live quietly among the masses.
——————————
Nuff Said

#60 X on 11.09.20 at 6:57 pm

Oct. auto sales going to show a big decline, down roughly 50% for Oct. yoy, no doubts the real estate stats are going to show this shortly as well.

#61 whiplash on 11.09.20 at 7:01 pm

“There’s a dead cat on the end of the line”. “And it’s stinking”. “It’s stinking of fraud, stinking with the lack of transparency, it’s stinking with no accountability, and it’s stinking with those who call for fair elections”. “It’s my duty to speak out when their votes are not being counted”.
Just a few quotes from “DEMOCRAT” Vernon Jones who served 12 years in the Georgia General Assembly on the rot in his own party. Call 470-410-8793 to report any wrong doing while voting.

This guy’s got a “backbone”.

#62 S.Bby on 11.09.20 at 7:04 pm

#1 Hello Karen

#63 Dolce Vita on 11.09.20 at 7:06 pm

I don’t understand why everyone here is slamming the Pandemmials for wanting to buy overpriced RE in the middle of a ONCE IN A HUNDRED years pandemic.

At least their boosting Cdn GDP. What are the rest of you naysayers doing in lieu?

I mean I’m doing my bit by buying overpriced Québec Maple Syrup, McCain Frozen Fries and Farina Manitoba here in Italia.

But that pales in comparison to the Pandemmials RE Rut spending spree.

If they want to jump into the abyss, let ’em I say. It’s good for the economy.

Give ’em a medal for financial valor instead.

#64 Vancouver in the Rearview on 11.09.20 at 7:08 pm

Garth, you’ve been talking about interest rates rising forever. And guess what, the opposite keeps on happening. Money is free now. And while I agree this can’t end well, government has demonstrated that even in the worst financial disaster area in 100 years that they will not allow housing to drop. What am I to take from this? I’ve been patiently waiting for 10 years for real estate in Vancouver to return to reality and it just hasn’t happened. Seems apparent to me that it won’t happen.

Yes, you can say continue to rent. Problem is we’ve outgrown our place and finding a suitable rental where we want to live is proving virtually impossible. With kids entering school, we are concerned about the lack of program options in our catchment area. My kid goes to the bottom of the list for French immersion in our district because the catchment doesn’t offer it and there’s no equitable policy to allow them to be considered equally with kids in another catchment. So easy to say, harder to do.

Oh yeah, we’ve tried moving outside the lower mainland…not so easy to do when you have specialized jobs that regardless of WFH are based here. Finding those unicorn jobs in small places is not so easy.

Government has decided that they will spend spend spend and damn the torpedoes. There is no rational market anymore and the bailouts will just keep coming. The data (i.e. interest rate trends) suggests it really is different this time.

#65 S.Bby on 11.09.20 at 7:09 pm

The buyer’s agent still technically works for the seller because they get paid by the seller from the sale proceeds. Sure, the buyer’s agent supposedly has a fiduciary duty to the buyer, but in reality they want the sale to happen just as bad as the seller’s agent does and so they will steer (pressure) the buyer into making a purchase to get their commission.

#66 Tripp on 11.09.20 at 7:10 pm

Anthony Scaramucci tweet:

“ Thank you
@JoeBiden
for developing a COVID-19 vaccine.
@realDonaldTrump
had four years to do it and couldn’t.”

#67 Bill on 11.09.20 at 7:11 pm

A friend, not Turner Nation, sent this over today.
This is how I was thinking they will solve the debt issues. There no viable way out of the massive debt black hole. If you don’t entertain the possibility that this is a viable option then your melon is in the sand.
I think TN is on the right track so God Help us as the sign posts are all around. People can’t see them because their to busy digging out of their debt black hole. That’s the modern day slavery most have been sucked into.
https://freenorth.news/2020/10/14/canadas-global-reset-plan-leaked/
Armstrong has been warning of this for a long time.
Best to all you fellow Kanadians.

PS And YES crawl in the attic, basement, look at the electrical, plumbing and quality of construction before you buy ANYTHING. There’s tons of crap out there. Ask Homes

#68 Nonplused on 11.09.20 at 7:12 pm

I think there are going to be a lot of surprises ahead in the next 4 week. Trump is not mathematically or legally out of this thing yet. Of course, because the media has spent the last week broadcasting the idea that the election is over, in the remote event that Trump is successful there will be riots, perhaps as we’ve never seen before.

The big one is Pennsylvania. Setting aside the fact that mathematical fraud detection tools light up like a Christmas tree when applied to the mail in ballot data, and the fact that is it hard to imagine how the mail in ballots leaned so far to Biden that they could erase a 7 point lead, the case to have them all thrown out is pretty solid.

Pennsylvania state law says no ballets are to be counted that are received after election night. The Pennsylvania supreme court overruled this and allowed late ballot counting, which is where many of the Biden votes appeared. Trump’s case here is pretty simple; the US constitution gives authority to the state legislatures to set election rules, not the courts. The US supreme court ruled already that for this reason late ballots had to be stored separately. Giuliani will simply argue that the Pennsylvania court did not have the authority to overrule the state legislature and the late ballots should be discarded. I think it is an easy win. 20 seats to Trump.

But that is the only one that is going to be that easy.

However, one thing nobody probably counted on was the fact that poll by poll data is available for every poll there was, both the number of ballots counted for whom but also when it was reported. Little did we know that this was a treasure trove of information for the mathematicians in the internet fraud detection unit.

I am not sure Benford’s Law can be applied to election results, but when it is all the anomalies are in swing states that flipped from Trump to Biden over the week:

https://patriotrising.com/undeniable-mathematical-evidence-the-2020-election-is-being-stolen/

But there are other methods of spotting possible election fraud:

https://www.zerohedge.com/political/it-defies-logic-scientist-finds-telltale-signs-election-fraud-after-analyzing-mail-ballot

Again all the anomalies are in the swing states Trump was winning when we went to bed on Nov. 3rd but lost when we woke up Nov. 7th.

Unfortunately these maths do not provide conclusive evidence of fraud and never can, but they do provide one with a pretty good idea of where to look. You can be pretty sure that not only will all of the late ballots be recounted in these states but they will be reverified too.

And we haven’t even got to the “down ballot” discrepancies. Or the dead people. Or the signatures that don’t match. Or the non-residents. What a mess.

* I don’t consider either of the sites above to be authoritative, but maths are maths and supposedly the data they used is available to anyone to verify. I am sure Giuliani had a team do the maths before these guys did and is already on it.

** I do not suspect a conspiracy by Biden or any other secret forces to steal the election. But I do suspect an army of Biden supporters who thought they had to do what they could to save the world from “Hitler” making little changes here and there whenever they were not observed. To the extent it occured, it was largely not organized.

*** Worst election ever. They certainly need to tighten this stuff up. Whoever turns out to have won this election, it defies belief that in the supposedly most advanced and wealthiest nation in the world we could be so far from knowing what happened a week later.

**** It is interesting that the Transition Integrity Project forecast exactly this result as one of its scenarios.

#69 active on 11.09.20 at 7:12 pm

my portfolio up $50K+ today…lmao….rich just keep on getting richer…love it

#70 TRUMP2020 on 11.09.20 at 7:17 pm

FAR FROM OVER!!

Watch “”WELCOME FRAUD” Kayleigh McEnany Says Democrats Committed Election Fraud Against President Trump” on YouTube
https://youtu.be/4k2WZMsbQLI

#71 Faron on 11.09.20 at 7:19 pm

#40 SoggyShorts on 11.09.20 at 6:16 pm

#225 AM in MN on 11.09.20 at 11:16 am
#229 Iconoclast on 11.09.20 at 11:55 am

Wouldn’t a president who can actually affect change by not getting outvoted 100% of the time in the senate have been better?

Aw, go easy on ’em sogster. That’s a step too far for their minds. And for those that it’s not, I’m sure they have another conspiracy theory to cover their trax with.

How does this dual reality of alternative facts end? Education. The seeds for what we are now witnessing and what we will be living with for another couple decades were planted in the ’80s when the public safety net came under attack especially education. It’s a 20 year investment, but it’s the only chance we have of saving the floundering democracy where the generation in power now grew up right when schooling began to come under attack. If we start now, we’ll still need a way to bridge the gap as another poorly educated generation comes through the ranks. I’m not convinced the gap will be bridged. QAnon and junk like it will keep gaining prominence all the while. Trumpism is here to stay.

#72 Apocalypse2020 on 11.09.20 at 7:26 pm

#46 Garth’s Son Drake

The time to buy a bunker is now.

—————————————————

You’re late. But there may still be time. Days, max.

Don’t put your bunker in the Bridle Path, though. Toronto will be a major nuke target and scene of major local unrest and supply shortages. (But the radiation will probably take care of you)

PREPARE

#73 Nonplused on 11.09.20 at 7:30 pm

#9 Brian Ripley on 11.09.20 at 4:55 pm

I don’t understand how Bitcoin can be a thing when it seems like an exchange gets hacked every couple of months and all the Bitcoins disappear. At least with cash the guy has to have the decency to mug you.

#74 Retired BTC Investor on 11.09.20 at 7:35 pm

The US GSA cautions Fmr. VP Joe Biden and the MSM there will be no transfer of power until a ‘clear, constitutional winner is decided’. Referring to President-elect Biden is a false statement.

#75 Bill on 11.09.20 at 7:37 pm

From a very good source. Hope hes wrong…Nope not TurnerNation

“Heard about the liberal whistleblower from the prime minister’s office? they have a plan to forgive everyone’s debts (funded by the IMF) if they give up the right to own assets, get the vaccine/chip, follow orders, etc.. then they’ll be able to travel again.

#76 Retired BTC Investor on 11.09.20 at 7:37 pm

Oxford Dictionary – Bigot (Fr.), an hypocrite, or one that seems much more holy then he is, also a scrupulous or Superstitious fellow.

Describes BLM perfectly.

#77 wallflower on 11.09.20 at 7:40 pm

#1 Victoria resident on 11.09.20 at 4:37 pm
Wow Garth.
This photo is very degrading to women. Particularly since Biden has a woman VP.
– – – –
A woman who totally disagrees with you.
You had best be on your way.
This site is not for you.

#78 islander on 11.09.20 at 7:44 pm

https://www.infoplease.com/math-science/biology/plants-animals/animal-names-male-female-and-young

Speaking of dogs – did you know a male fox is called a ‘dog’?
Of course we all know what a female dog is called!

#79 Nonplused on 11.09.20 at 7:59 pm

#40 SoggyShorts on 11.09.20 at 6:16 pm
#225 AM in MN on 11.09.20 at 11:16 am
#229 Iconoclast on 11.09.20 at 11:55 am

Can either of you(or anyone) explain to me how the Dems are so great at fraud that they stole a presidency, but they are so inept at fraud that they forgot to take 2 senate seats?

Wouldn’t a president who can actually affect change by not getting outvoted 100% of the time in the senate have been better?

——————————

The fraud, if it did indeed occur (not proven), according to the calculations I have seen, was not organized. It was individuals with TDS acting independently to “stop Hitler” (not proven). This could (not proven) be an explanation of why they forgot to fraud the senate.

#80 justdeleteitifyoudontlikeit on 11.09.20 at 8:09 pm

#46 Garth’s Son Drake — “The DominionVotingSystems that “glitched” in favor of Joe Biden […]”

“This bill, passed in the Democrat controlled House in 2019, but left to languish and die in committee in the Republican controlled Senate, would have mandated states have verifiable paper trails for voting machines, and given them money to pay for it.”

“What is H.R. 2722 The SAFE Act, which may have avoided some of the controversies Republicans are now complaining about?”

#81 Nonplused on 11.09.20 at 8:13 pm

#49 The Daily Dirt Nap on 11.09.20 at 6:36 pm
Putin, Xi and other strongmen haven’t congratulated Biden yet.

—————————

Biden hasn’t won yet. The MSM does not call presidential elections, the electoral college does. This dog has so much hair on it that no prudent person would call it yet. Biden should for the next few weeks be referred to as the “apparent president elect”, not the “president elect”. I think Biden ends up losing Pennsylvania but still holds the win. But if 2020 has taught us anything it is to expect the unexpected.

#82 IM in C on 11.09.20 at 8:31 pm

It’s called ‘real’ estate for a reason.
And the reason is that real in this case is Spanish for ‘royal’ . As we all know, Her Majesty owns every square inch of ground in this country

#83 C v on 11.09.20 at 8:36 pm

#73 I don’t understand how Bitcoin can be a thing when it seems like an exchange gets hacked every couple of months and all the Bitcoins disappear. At least with cash the guy has to have the decency to mug you.

———————————

The exchanges are merely the platforms that people foolishly leave their currency on. It would be like holding cash in a “bad bank” and wondering what’s wrong when they run off with your money. It’s not the cash that’s the issue, it’s who has control of it =)

#84 Pub on 11.09.20 at 8:41 pm

Good thing people are bidding up properties sight unseen

#85 Editrix on 11.09.20 at 8:48 pm

I don’t know about whether a buyer’s agent has the buyer’s best interests in mind. Usually the agent wants to get as much commission as possible. You would also think that the buyer’s agent would try to protect the client and steer them clear of a bidding war and all the fakery that goes on around them. But that doesn’t happen much, does it?

From my own experience, I have had agents push me towards buying houses that would have been out of my league as far as renovations were concerned. The one time I bit, I had a home inspection. The agent left me alone with the inspector while he wrote out his report. The inspector told me not to go through with the deal and that I would be in over my head. I was out the $400 for the inspection, but that was a lot better than the headache I would have wound up with.

The buyer is always the least protected in real estate deals.

#86 Bill on 11.09.20 at 8:48 pm

With the ongoing US election disaster its a great deterrent from, how piss poorly and crooked Canada is being run.
Has Trudeau every done anything above board? Has he ever answered a question truthfully. Has our media asked him any critical questions? The answer is an astounding NO..
They conveniently shut down parliament and hide when its the most important time to be accountable. NEVER ever ever a cost assessment analysis on ANYthing. Hell get ride of the auditor general while your at it.
Who the hell does this scoundrel work for? We are just as big as a shit show in a different way and gets zero coverage.
At least there is an opposition down south.

#87 yvr_lurker on 11.09.20 at 8:52 pm

Really good advice here on buying a house. Having a good and most importantly independent inspection of the place is a must. Buying a place should take much more time than buying something on Amazon.

Now for the current state of affairs, this fellow IAMRAPAPORT sums up in a perfectly eloquent and subtle way how many of us feel about Trump and the election.

LINK DELETED

#88 yvr_lurker on 11.09.20 at 9:05 pm

I guess to prevent a brush fire on this blog, Garth deleted the twitter link. However, for those who loathe Trump just have a look at this fellow IAMRAPAPORT’s twitter feed for some subtle commentary.

#89 Fortune500 on 11.09.20 at 9:20 pm

What? No mention of the vaccine news or the market jump?

Ps Trump supporters are sounding extra crazy these days. He lost. He and the most ardent supporters are going to have to stop grasping at straws eventually and show some class. And I say this as a centrist who sees valid points on the Republican side. But it’s getting embarrassing now …

#90 tccontrarian on 11.09.20 at 9:20 pm

#49 The Daily Dirt Nap on 11.09.20 at 6:36 pm

Putin, Xi and other strongmen haven’t congratulated Biden yet.
————————————————————

I haven’t congratulated Joe either – and I’m quite strong myself!

Word has it that the Fat Lady ain’t ready to sing yet, and the skinny one (Kayleigh McEnany), is now officially pi$$ed!

Wouldn’t it by something to see Trump win again! Antifa and BLM will go on a rage and the military will have to be called in – and then we’ll have real chaos. Not hoping for this, but chances are high.

tcc

#91 SoggyShorts on 11.09.20 at 9:32 pm

#73 Nonplused on 11.09.20 at 7:30 pm
#9 Brian Ripley on 11.09.20 at 4:55 pm

I don’t understand how Bitcoin can be a thing when it seems like an exchange gets hacked every couple of months and all the Bitcoins disappear. At least with cash the guy has to have the decency to mug you.

**********************
At least bitcoin is still great for crimes.
Oh, wait…
https://www.wired.com/story/feds-seize-billion-stolen-silk-road-bitcoin/

so
it’s not actually safe,
it’s not actually anonymous,
it’s not actually government-proof
and
it crashed along with other equities in March?

Sign me up!

#92 Ustabe on 11.09.20 at 9:34 pm

The MSM does not call presidential elections, the electoral college does.

The AP has been calling elections since the 1800’s. Stop trying to move the goalposts, it is destroying your credibility.

Bill:
Canadian dollar hit 2 year high: Reuters.
Brampton getting its truck plant back: old news.
Canadian stocks surge most in 6 months: BnnBloomberg
Vancouver based bio-tech firm central in development of Pfizer’s Vaccine: Global News.

Maybe somewhere else, other than the Province and Country in which you apparently made a lot of money, would be a happier place for you. Your posts are relentlessly anti-Canadian yet offer no solutions. You could think about that for a bit.

#93 ulsterman on 11.09.20 at 9:53 pm

#20 Danny Flynn on 11.09.20 at 5:16 pm
It is nuts. My brother-in-law and my sister just bought a house over asking by $95,000 and got a 5 year mortgage at 1.69%. The mortgage balance is $575,000 but the house cost $885,000.

They took their RRSP’s and GIC’s that came due $350,000 left only $40,000 as cash reserves. They are not happy with their 1.5% to 2% GIC rates. They remember getting 3.0% to 3.25% GIC’s just 5 to 6 years ago. The reason they did this was because they wanted to make double their money every 10 years, 7%+ a year from real estate.

This is what their investment mortgage broker told them with piles of printouts. He told them is this is historical market value appreciation of real estate in the GTA for decades and will continue for decades more. They also told me rental income is extra on top this return and covid will not deter this mid to longer term. I told them my opinion and said don’t do it but they will not listen.

Danny, as someone who’s followed the crazy world of Canadian real estate for 20 years, your brother-in-law and sister may not be so crazy. I’ve seen ever reason over the past 20 years used to claim it isn’t a wise time to buy real estate. The final straw was Covid. If the destruction of the Canadian economy (a black swan event if ever there was one) didn’t simple decimate prices, i wouldn’t hold out ANY hope for really significant long-term price declines. Based on past experience, if their timeline is even 5+ years they’ll do just fine from this purchase. I wish it wasn’t so, and the lurkers on this blog would be right, but history just isn’t on your side.

#94 Trudi Woods on 11.09.20 at 9:53 pm

Well I live just up the road from where your very good investment …The Belfountain General Store is and that worked really well for everyone in the community…you employed a lot of folks and preserved a building I bet alot of developers would have liked to configure…we face a si.ilar s show… we Erin now face a similar one but I must say Garth you have taught me a great deal concerning how this stuff all works and I’m ready for this one co.ing down the pike…

#95 RussianBot on 11.09.20 at 10:20 pm

COVID is being used as shock therapy by the global elite to transition to the new economy brought about through “The Great Reset”.

AI is going to be making a lot of white collar workers obsolete. Automation will finish off more blue collar workers. UBI is being tested for implementation right now as a solution to the resulting mass unemployment from these changes.

They want everyone to be even more addicted to their devices and technology so that everyone can be tracked and monitored. Social and mass media will be used to shift public opinion. Algorithmic models will monitor the public for signs of dissent and other predictive purposes.

The lockdowns and movement restrictions are used under the cover of an emergency but will remain in the future. This is part of the agenda to transition to a green economy.

National boundaries will be increasingly eroded as more and more leaders take their orders from the central UN authorities. This is all done gradually behind the scenes in order to boil the frog without detection.

#96 2021 Millionaire on 11.09.20 at 10:20 pm

Garth, I am following your advice. I will be “balanced and diversified” for 2021, and I will be freakin’ RICH!

50% invested in Pfizer (for the vaccine)

50% invested in Smith and Wesson (for the coming US Civil War – already up 4x$ this year!)

2021 Millionaire – RICH

(Responsible Investing Can’t Hurt)

#97 Lilac Napier on 11.09.20 at 10:52 pm

DELETED

#98 MapleMan on 11.09.20 at 10:55 pm

“You deserve what you get, including crap wiring, wheezy furnaces, weepy foundations, mold farms, nail pops and attic coons.”

HaHa, good one.

Kind of like buying a hot stock peddled on Bloomberger site.

#99 Quantilian on 11.09.20 at 11:20 pm

#93 ulsterman

“If the destruction of the Canadian economy (a black swan event if ever there was one) didn’t simple decimate prices, i wouldn’t hold out ANY hope for really significant long-term price declines.

The black swan event was met with with a 350 billion dollar give away, mortgage deferral, real negative interest rates, and, and , and…

I wouldn’t hold out ANY hope of the stars aligning so perfectly again.

#100 Capt. Serious on 11.09.20 at 11:29 pm

Garth, please, peak nesting in the hinterland:
https://torontolife.com/real-estate/toronto-couple-collingwood-mansion/

#101 Terry on 11.09.20 at 11:33 pm

You will see Trump succeed in this victory re-election. Wisconsin, Michigan, Pennsylvania etc… ALL the battleground states……..they will all be flipped back to Trump. Demoncrats cheated………….truth is on Trumps side and he will win this. Remember the Demoncrats said they would cheat and they did. Trumps team just gave them a little more line to hang themselves. Just wait for it Liberals………..you will be so disappointed again! Remember Gore vs Bush? Bush went to court and won!

#102 Valley of Kings and Slaves on 11.09.20 at 11:34 pm

I am one of those who make my living off of those unfortunates who do not pay attention to structural conditions or depend upon the “inspection report” prior to purchase…

buying sight unseen is simply foolish…

reap what you sow…

and you will be calling guys like me soon… and we don’t come cheap

#103 Capt. Serious on 11.09.20 at 11:37 pm

#64 Vancouver in the Rearview on 11.09.20 at 7:08 pm
Government has decided that they will spend spend spend and damn the torpedoes. There is no rational market anymore and the bailouts will just keep coming. The data (i.e. interest rate trends) suggests it really is different this time.

It sounds like you have already made your choice. Life is full of choices.
I would not be shocked for everyone to have this completely wrong and interest rates shoot up due to some unforeseen reason in the next 5 years. It rarely works out how anyone thinks it will.

#104 TurnerNation on 11.09.20 at 11:42 pm

Why would they disallow open houses if masks and sanitizer work? You see this is not about science it’s about daily chaos and changes that keep us off balance and scared – while the new system is being rolled out.
THAT is scientific. How to re-program humanity is known. Turn off your telescreens and think for a second.

#105 Maskless on 11.09.20 at 11:46 pm

@UStabe
>The AP has been calling elections since the 1800’s.

The press has no NO ROLE, in the constitution of the US, in nominating the president. That would be the college of electors; they meet in December.

#106 Diamond Dog on 11.09.20 at 11:46 pm

#54 Dolce Vita on 11.09.20 at 6:47 pm

They’ve found 3 cases of this new strain in Israel from travelers to Denmark. “Six countries have reported cases of SARS-CoV-2 in farmed minks, including Denmark, the Netherlands, Spain, Sweden, Italy and the US, according to the WHO.” This new strain is likely to proliferate outside of Denmark at some point.

https://www.jpost.com/israel-news/israelis-may-be-infected-with-new-coronavirus-strain-from-denmark-minks-648513

#107 Nonplused on 11.10.20 at 12:04 am

#92 Ustabe on 11.09.20 at 9:34 pm
The MSM does not call presidential elections, the electoral college does.

The AP has been calling elections since the 1800’s. Stop trying to move the goalposts, it is destroying your credibility.

——————————–

When the AP “calls” an election it is a forecast, it has never been nor never will be official. And I believe AP was predicting Trump to win on Nov. 3rd when we went to bed.

Because of the lawsuits and election irregularities we won’t get confirmation until at least mid-December. That happened before in 2000. So chill. The preponderance of evidence indicates Biden will prevail but it ain’t over yet. I don’t think a US election has ever been won based on mail in ballots before.

Fun fact: If the folks who voted Libertarian had got off the fence and picked a side Trump would have won in a landslide (assuming Libertarians would rather vote Republican than Democrat). Instead they wasted their votes. Why bother voting if you are going to do that? So there was no blue wave, and no blue mandate. I predict if Biden wins we get 4 years of nothing.

In fact that might have been Trump’s biggest blunder. He should have gone after the Libertarian vote much more aggressively. That 1.5-2% in the swing states would have made fraud near impossible. Voter fraud can only move the needle so much, which is why it is usually ignored.

#108 the Jaguar on 11.10.20 at 12:15 am

https://www.youtube.com/watch?v=6idYZ25Qq6w

This is an interview with Victor Davis Hanson and the former Deputy Minister of (?) in Australia, John Anderson.
Left wingers should not bother, but an interesting discussion not just about the election, but where other issues and challenges are headed.

There used to be a time when other points of view could be heard and measured for their authenticity.
Maybe that time has passed, but here it is anyway.

#109 Nonplused on 11.10.20 at 12:27 am

#83 C v on 11.09.20 at 8:36 pm
#73 I don’t understand how Bitcoin can be a thing when it seems like an exchange gets hacked every couple of months and all the Bitcoins disappear. At least with cash the guy has to have the decency to mug you.

———————————

The exchanges are merely the platforms that people foolishly leave their currency on. It would be like holding cash in a “bad bank” and wondering what’s wrong when they run off with your money. It’s not the cash that’s the issue, it’s who has control of it =)

———————————

That really doesn’t sell me on Bitcoin. I literally cannot see any use for it. And in a world concerned with global warming it seems to be a terrible waste of electricity. Visa can handle way more transactions for way less power seemingly way more securely, or at least insured.

If you want to save money outside of the dollar system I don’t see what advantages Bitcoin offers over gold. That can be stolen too of course, but at least the guy has to be decent about it and bring a gun. You don’t just wake up one morning and your computer is empty.

#110 Km on 11.10.20 at 1:10 am

@ #1, I would guess it was a woman who did it. Even if it wasn’t who cares.
These days we use that name as something empowering and the play on words is awesome with the pup. Stop melting snowflake, those of us who paved the way for you can do what we like. Be thankful.

#111 Millennial 1%er on 11.10.20 at 1:18 am

>The lowest is not always the best.
This was huge for me. Because I plan to move to the states for work soon-ish, I found a lender with fair breaking fees such that you can leave before your term ends without getting screwed.

>Sixth, have a damn good reason to buy.
Like actually living in it

#112 Bill on 11.10.20 at 1:20 am

Actually Garth I love the pic….nothing off there just a good wise crack. Peeps are too sensitive. Its a PROBLEM these days. Noooooo?
#1

#113 CalgaryCarGuy on 11.10.20 at 3:15 am

Re #68 Nonplused
Stick with it buddy. I’m with you all the way. I am also with you in checking out Zero Hedge. There have been many times in the past where I have found Zero Hedge reporting a story that isn’t on the MSM and then suddenly it is news a day or two later. There’s crap on there sometimes as well but it’s well worth parsing through the site.

#114 Frank Stroker on 11.10.20 at 5:32 am

Very organized theft. OK, I get it, I’ve been wrong. According to Trudeau I should have only promised to deliver the products for which I’d already been paid, pocket the money, tell the buyer to eff off, and wait until a Liberal picked up the tab . That’s some way to drive an economy. I am starting a bank tomorrow, I will take deposits, steal the money and bugger off to the Caribbean. All legal in Canada, cool.

https://nationalpost.com/opinion/chris-selley-airlines-didnt-refund-our-airfares-now-theyre-getting-our-tax-dollars

#115 Paul on 11.10.20 at 8:11 am

#104 TurnerNation on 11.09.20 at 11:42 pm
Why would they disallow open houses if masks and sanitizer work? You see this is not about science it’s about daily chaos and changes that keep us off balance and scared – while the new system is being rolled out.
THAT is scientific. How to re-program humanity is known. Turn off your telescreens and think for a second.
————————————————————————————————
Think for a second? That’s asking a lot,it’s not just open houses they want showings to be virtual if you can’t see it touch it smell it how can you buy it? Showing homes wearing masks and using hand sanitizers if safer than shopping at Costco IF that’s a problem. As far as I know not one case of Coronavirus has been documented from showing homes.

#116 Gravy Train on 11.10.20 at 8:16 am

#68 Nonplused on 11.09.20 at 7:12 pm
“I think there are going to be a lot of surprises ahead [over] the next [four] week[s].[…]” Trump’s tantrums and your endless polemics remind me of this passage from Shakespeare’s Macbeth:
“Life’s but a walking shadow, a poor player,
That struts and frets his hour upon the stage,
And then is heard no more. It is a tale
Told by an idiot, full of sound and fury,
Signifying nothing.”

#117 Dharma Bum on 11.10.20 at 8:42 am

So, the mils and others with FOMO are too impatient to wait until they can see the house in reality before buying?

Great! Another boomer advantage.

Now’s a good time to dump your dump. Sweep the secrets under the rug and stuff the skeletons in the closet.

Listen kids, seriously, never buy a house that you haven’t actually smelled first. Literally. (I mean that literally.)

#118 David Hawke on 11.10.20 at 8:57 am

#104 TurnerNation

Good question, EH!

#119 AM in MN on 11.10.20 at 9:39 am

#109 Nonplused on 11.10.20 at 12:27 am

That really doesn’t sell me on Bitcoin. I literally cannot see any use for it. And in a world concerned with global warming it seems to be a terrible waste of electricity. Visa can handle way more transactions for way less power seemingly way more securely, or at least insured.
————————————————

It has use as a store of value that can be transacted quickly and at very low cost for large amounts. You need to know what you’re doing and how to store it safely, like any other asset.

Only white liberals care about global warming, and the ones with private jets are only talking about it, not doing anything about it. The rest of the world takes care of itself as necessary and isn’t overcome with self-hatred.

Visa only transacts an asset created by someone else, it doesn’t store it or hold it for you.

Gold has high storage and transaction costs, especially if you want to hold significant amounts.

Some large HNW & Family money seems to be moving into BTC (large amounts, low transaction count). There are good services now for storing it. When the next retail boom happens (and it will), the returns will be big.

#120 justdeleteitifyoudontlikeit on 11.10.20 at 9:48 am

“Trump’s tantrums and your endless polemics remind me of this passage from Shakespeare’s Macbeth”

Yep.

The bon mot that I’m reminded of over the past few days is:
“Faced with the choice between changing one’s mind and proving that there is no need to do so, almost everyone gets busy on the proof.” — John Kenneth Galbraith

#121 Sara on 11.10.20 at 10:00 am

According to a 20 year old female relative of mine, “bitches” can be a term of endearment. It all depends on context apparently.

#122 Sue on 11.10.20 at 10:41 am

#1 Victoria resident on 11.09.20 at 4:37 pm
Wow Garth.
This photo is very degrading to women. Particularly since Biden has a woman VP.
……………….

WOW victoria resident! Speak for yourself. Its not the ‘50’s. No need to speak for all women. I found it funny Women have a louder voice than men now. This woman still has a sense of humour and some common sense. Try it! You sound vegan. Have a steak. (see i cant be a bitch too!)

Great blog garth I love your sense of humour thanks for all you do!

#123 Gravy Train on 11.10.20 at 10:43 am

#120 justdeleteitifyoudontlikeit on 11.10.20 at 9:48 am
“The bon mot that I’m reminded of over the past few days is:
‘Faced with the choice between changing one’s mind and proving that there is no need to do so, almost everyone gets busy on the proof.’ — John Kenneth Galbraith”

You might like this story: “Legend [has it] that while conferring with Roosevelt at Quebec, Churchill sent Keynes a cable reading, ‘Am coming around to your point of view.’ His Lordship replied, ‘Sorry to hear it. Have started to change my mind.’”
https://quoteinvestigator.com/2011/07/22/keynes-change-mind/

#124 EMERGENCY ALERT! on 11.10.20 at 11:14 am

OMG GARTH!

The Ontario Lottario and Gaming Corp. has closed operations today!

No more lottery tickets can be bought!

“On Tuesday, 10 November, from 11:00 A.M…..etc……unavailable during this time. We apologize for any inconvenience.”

https://www.olg.ca/en/home.html

Don’t they realize that winning the lotto is the main financial plan for most indebted Canadian homeowners and all our cash-poor soon-to-be retirees!!??

STOP EVERYTHING! WE HAVE A CRISIS!

#125 C V on 11.10.20 at 11:39 am

That really doesn’t sell me on Bitcoin. I literally cannot see any use for it. And in a world concerned with global warming it seems to be a terrible waste of electricity. Visa can handle way more transactions for way less power seemingly way more securely, or at least insured.

If you want to save money outside of the dollar system I don’t see what advantages Bitcoin offers over gold. That can be stolen too of course, but at least the guy has to be decent about it and bring a gun. You don’t just wake up one morning and your computer is empty.

————————-

I’m not trying to sell anyone on anything, I’m just providing some clarity. I agree it is an environmental disaster. Maybe visa can process more transactions, but they are centralized and Bitcoin is decentralized.

Bitcoin doesn’t need to be and shouldn’t be stored on a computer- it can be stored on a piece of paper, on a data drive, and various other ways-even memory(can’t store wealth bis gold in your memory) You may not see it’s value over gold simply because you lack knowledge about it. I always say someones opinion on a topic is only as valuable as their understanding of the topic. Crypto might be worth looking into

#126 SeeB on 11.10.20 at 11:46 am

#61 whiplash on 11.09.20 at 7:01 pm

“There’s a dead cat on the end of the line”. “And it’s stinking”. “It’s stinking of fraud, stinking with the lack of transparency, it’s stinking with no accountability, and it’s stinking with those who call for fair elections”. “It’s my duty to speak out when their votes are not being counted”.
Just a few quotes from “DEMOCRAT” Vernon Jones who served 12 years in the Georgia General Assembly on the rot in his own party. Call 470-410-8793 to report any wrong doing while voting.

This guy’s got a “backbone”.

————————————————————–

Imagine coming on to a Canadian finance blog and posting a phone number asking for witnesses of wrongdoing in a US election.

Anyway, regarding Mr. Jones, he’s a complete idiot:

https://www.businessinsider.com/georgia-lawmaker-crowd-surfs-over-maskless-trump-supporters-at-rally-2020-10

#127 Steven Rowlandson on 11.10.20 at 11:47 am

How Hitler seized power in Nazi Germany.
1 Create a crisis.
2 Demonize opponents.
3 Declare a state of emergency.
4 Undermine elections.
5 Make the rule of law irrelevant.
6 Rule by executive order.

False! Hitler never seized power. He was invited to form a coalition government and responded to situations as they presented themselves in addition to trying to implement the 25 point plan of the NSDAP.
To Hitler the rule of law was very important as was the repeal of bad laws and policies imposed by the Weimar republic. As for executive orders most governments use them. As for elections Hitler and the NSDAP were avid participants in elections after 1924 and were subject to violence and lies from the leftist press and political parties. Demonizing opponents was merely dealing with his opponents on the basis of merit. His opponents were criminals, liars , communists and would be murderers…. Plus blood sucking scam artists and real estate fanatics and usurers. Arresting and punishing them is what any responsible government would do.
In 1938 Adolf Hitler was Time Life’s man of the year… What the west doesn’t like is that from 1933 to 1939 and possibly until 1945 good times for bad people in Germany came to an end. Just like the Donald becoming president in 2016.
The big bad NWO agenda was temporarily hamstrung and the left and center couldn’t tolerate that one bit.

#128 EMERGENCY ALERT! on 11.10.20 at 11:52 am

” Lottery sales will be…unavailable …..”

And casinos are restricted! What are we to do!?

Hmmm…. maybe just gamble more on condos and bitcoin…?

#129 SeeB on 11.10.20 at 11:55 am

#103 Capt. Serious on 11.09.20 at 11:37 pm

#64 Vancouver in the Rearview on 11.09.20 at 7:08 pm

Government has decided that they will spend spend spend and damn the torpedoes. There is no rational market anymore and the bailouts will just keep coming. The data (i.e. interest rate trends) suggests it really is different this time.
——
It sounds like you have already made your choice. Life is full of choices.
I would not be shocked for everyone to have this completely wrong and interest rates shoot up due to some unforeseen reason in the next 5 years. It rarely works out how anyone thinks it will.

—————————————————————–

Yeah, it’s weird what keeps happening. It even starts making the gold-lickers look smart when you look at the way the gov keeps conjuring-up money and burning it. Though to be fair, since the vast majority went to the pockets of average Canadians it could be far worse.

Garth always speaks with a caveat of balancing “risk”. If you honestly can’t find a good rental, believe you will likely be there a while, and you can afford to buy without ruining your finances, then do it. Rule of 90.

If you are going to end up paycheck-to-paycheck on a monthly that’s already at 2% or lower, then probably a bad idea.

#130 Mattl on 11.10.20 at 12:03 pm

Add me to the group that doesn’t feel a RE agent is acting in, or working for, me. They have very little incentive to save you money, in fact their incentive systems pays them more if you pay more. Hardly aligned with a buyers best interests.

Last experience, our agent was convinced that the home we wanted was worth 75K more then we wanted to offer. She convinced us to go in slightly higher, based on her “feel” for what the sellers agent was looking for. So we did, and offer was accepted, no counter. She basically cost us 25K.

RE agents are as close to useless as can be, and the coverage you get by using a RE agent is pathetic. If they fail to inform you of a possible issue with the home / neighborhood, good luck getting any recourse.

All that said we will use one again when we buy another property, but will treat them like we would the sellers agent. Keep any excitement to ourselves, never play our cards. Treat them like a spy is how to deal with agents.

#131 WTF on 11.10.20 at 12:09 pm

For all you Trump fans who believe the election was “stolen” By, soon to be President Biden. There IS an explanation for your malady.

https://www.psychologytoday.com/us/basics/dunning-kruger-effect

LOCK HIM UP!

#132 KLNR on 11.10.20 at 12:12 pm

@#122 Sue on 11.10.20 at 10:41 am
#1 Victoria resident on 11.09.20 at 4:37 pm
Wow Garth.
This photo is very degrading to women. Particularly since Biden has a woman VP.
……………….

WOW victoria resident! Speak for yourself. Its not the ‘50’s. No need to speak for all women. I found it funny Women have a louder voice than men now. This woman still has a sense of humour and some common sense. Try it! You sound vegan. Have a steak. (see i cant be a bitch too!)

Great blog garth I love your sense of humour thanks for all you do!

pot meet kettle

#133 Damifino on 11.10.20 at 12:12 pm

I don’t worry much about the coming ‘green economy’ because it’s not coming. There’s no need for political push back. After a decade or two, cold hard physics will reveal it to be the expensive unicorn it obviously is to anyone with an informed, realistic world view.

The next step is nuclear. Canada is a major global producer of uranium and has great expertise in nuclear energy production. We are very well positioned.

In the meantime, it will be hydrocarbons. Fortunately, we have plenty of those too. We could be a powerhouse. Literally. That is, if adults are ever installed in Ottawa.

It’ll take some time. Meanwhile, relax. Balanced and diversified, my friend… balanced and diversified.

#134 cto on 11.10.20 at 12:36 pm

Garth!!!

All this means nothing when young people are renting hundreds of thousands, if not millions of capital virtually for free. Never had to work for it,…never will!
there’s no risk when its free…or so they feel.
BOC will pull every stop to keep it this way. Will it last forever? Maybe not, everything has an expiry date, but they have clearly reinforced that they have the backs of every single mortgage holder in Canada, no matter how much they have leveraged themselves.
They (millennials) ALL know by now the secret that a few real estate investors knew 10 years ago…IT’S TOO BIG TO FAIL!!!!!

#135 Faron on 11.10.20 at 12:49 pm

#121 Sara on 11.10.20 at 10:00 am

According to a 20 year old female relative of mine, “bitches” can be a term of endearment. It all depends on context apparently.

How about beeeyotch(es)? Best combined with sheeeeeeeit :-)

#136 Faron on 11.10.20 at 12:55 pm

#107 Nonplused on 11.10.20 at 12:04 am

#92 Ustabe on 11.09.20 at 9:34 pm

Fun fact: If the folks who voted Libertarian had got off the fence and picked a side Trump would have won in a landslide (assuming Libertarians would rather vote Republican than Democrat).

I don’t think so. The libertarian vote was from those who didn’t want Biden, but couldn’t stand Trump’s character. Libs tend to have very strong convictions and for those with eyes to see Trump’s ethical flaws, he would have been a hard no. Plus, Trump is as mired in swampiness as and Dem if not more so. Further reason for someone with a libertarian mindset to avoid both. Point being that you are undeniably right that those votes would have saved Trump, but I don’t think he stood a chance in hell of getting them. The RNC wisely focused on bringing in as much latin-X and African American vote as they could.

#137 Faron on 11.10.20 at 12:59 pm

#122 Sue on 11.10.20 at 10:41 am

#1 Victoria resident on 11.09.20 at 4:37 pm
Wow Garth.
This photo is very degrading to women. Particularly since Biden has a woman VP.
……………….

WOW victoria resident! Speak for yourself. Its not the ‘50’s. No need to speak for all women. I found it funny Women have a louder voice than men now. This woman still has a sense of humour and some common sense. Try it! You sound vegan. Have a steak. (see i cant be a bitch too!)

Great blog garth I love your sense of humour thanks for all you do!

y’alls pretty funny. I’m pretty sure #1 Victoria resident was a troll. Wasn’t me, but the writing is on the wall.

#138 Bill on 11.10.20 at 1:19 pm

DELETED

#139 Ace Goodheart on 11.10.20 at 1:21 pm

RE: #1 Victoria resident on 11.09.20 at 4:37 pm

Wow Garth.
This photo is very degrading to women. Particularly since Biden has a woman VP.

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

That is not a woman.

That is a dog.

A female dog is a bitch.

So the caption and photo are perfectly acceptable .

#140 Ace Goodheart on 11.10.20 at 1:37 pm

RE: Home inspections:

Super necessary in Toronto.

In the burbs, when houses were all built in the last 50 years or so, you can have certain expectations about your chosen residence that will for the most part hold up to be true.

In Toronto, forget it. It is no holds barred here for the sort of stuff that can be wrong with a house.

Toronto homes have the reputation of being some of the worst in the country. Your multi million dollar dressed up nightmare is like Taylor Swift in a mini skirt. Looks great, but……….

I have seen so much garbage listed recently. There are houses where the wiring remains knob and tube, but enterprising owners have “added” circuits and changed out the old two prong knob and tube plugs for modern three prongs with grounds. The grounds connect to nothing.

They then go downstairs and “re-fuse” their wiring masterpieces, resulting in massively over fused “circuits” that are just wall fires waiting to happen.

I walked through a 1925 Tudor home that had no insulation at all. Nothing. Not in the attic. Not in any wall. Pics looked great. Heating bills, probably would not be so amazing.

I viewed a house that had two layers of brick for its foundation. The outer layer had crumbled to the point it was just mush. The inner layer was badly weeping. The seller painted the inner layer with white waterproofing paint and sold the house for 1.6 million in a bidding war.

Two weeks later I walked past to find that the new owners had fenced off the property and were digging around the foundations. Looked like an expensive job. Contractors everywhere. Imagine buying a house and then having to replace the foundation?

I found a house where the main plumbing stack exited the home next to the front door. I followed the black ABS pipe work that was sticking up out of the front brick wall, to where it connected to the house’s jerry rigged plumbing stack in the basement. There is no way that is going to work. You will have gurgling and bubbling toilets and sinks and shower drains, and your drainage rate will be stupidly slow.

Looked at a house that had three fridges, one in each bedroom. This situation was bizarre. I couldn’t figure it out. Had a look at housesigma, and determined it used to be a rooming house, and each bedroom had its own fridge.

The kicker: You could not get these fridges out of the bedrooms. I confirmed by way of measuring tape, that when they closed up the main floor stairwell, they made the space too small, so the fridges would not make it down the stairs. The fridges also would not fit through any of the bedroom doors, as it appeared they were put in place first, and the bedrooms were built around them.

The mystery of the fridges in the bedrooms was solved. The seller simply realized they could not get them out, so they left them for the unsuspecting purchaser to deal with.

Toronto is full of dodgy houses. If people are buying them with no walk through and without an inspection, there is going to be a lot of trouble. I have found very few houses in Toronto that actually meet code and are renovated properly.

#141 TurnerNation on 11.10.20 at 1:52 pm

Our global rulers must be roaring with laughter.
All 7 billion citizens being 100% controlled via numbers on the telescreen.
How they walk, talk, wear, stand, shop, travel, obsess.
Those #s! It’s magic and they know it.
This did not happen by accident. Notice every (former) First World country is going down the same path.

#142 TurnerNation on 11.10.20 at 2:10 pm

Is tomorrow the day we thank our Grandparents for our Freedoms? Good luck
Welcome to UN Agenda 21. Every First World country must be brought to heel.

“Social gatherings banned, non-critical businesses closed as all of Manitoba moves to red alert level”

https://www.cbc.ca/news/canada/manitoba/manitoba-premier-brian-pallister-covid19-1.5796537#

#143 Bill on 11.10.20 at 2:28 pm

Garth…a fan of Fauci? Guys all over the map. Sorry the patens are out there.

Anywho.. as investment blog on RE…Don’t over pay and caught in a bubble. Buy long term its not burger flipping.
My Lumber yard gives me a heads upon ever increasing building costs. They virtually never go down. Yesterdays were eye popping but I love it. My costs are set in my debt is zero. Its like an every appreciating stock that pays divvys. If my buildings replacement costs are $6mil and we get an increase of say 5% avg on building supply then that’s the same as a equity investment gain of $300k and this compounds every years. Rents are the Divvy.
So hold your RE long term and always keep it up.
I remember drywall was $6 a sheet and now closing in on $28. A 3/4″ sheet plywood is $80!!! Insane.
As long as there is not a depression and I doubt that big time, but if there was its irrelevant because everything is in the same boat. I don’t care if my RE is worth 6 or 8m it matter not. What matters is its holding purchase power. I try to turn my cash into assets asap.

“To our valued customers, we would like to keep you informed of manufacturer price increases that have happened and also the ones coming up.”
Oct 10/20
Moulding ……………………………..6%

Nov 2 2020
Batt Insulation ……………………….6%
Blowing Wool Insulation…………..8%
Poly/Vapour Barrier………………. 10%
Ceiling Tile & Grid………………….10%
Gypsum Drywall…………………….12%
Glass-Mat……………………………….6%
Bead, Paint, Filler & Texture………6%
Tyvek……………………………………..5%
DOW Extruded Foam……………….8%

Jan 1 2020
James Hardie Products………..3%-9%
Roofing Shingles………………….4%-6%
RockWool ………………………………. 4%
Steel Stud & Accessories………….10%

#144 Bill on 11.10.20 at 2:33 pm

A great solution to the election down south
and would be simple. An electron voting system is set up ASAP, and the election is to take place again. Every vote should be easily cross-checked to see if these people are currently paying taxes. If not, they cannot vote unless they are enrolled in school and can prove they are alive.

That SOLUTION would save lives for then both sides cannot claim it is a fraud. Trump should remain as president or let the Vice President assume that role until such an election takes place. Then and ONLY then will the nation be healed. Otherwise, get your gun loaded and fight it out in the streets because nobody will accept a loss otherwise.
The course they took was idiotic.
Ill support whoever wins. NP

#145 Gravy Train on 11.10.20 at 2:35 pm

#133 Damifino on 11.10.20 at 12:12 pm
“I don’t worry much about the coming ‘green economy’ because it’s not coming. There’s no need for political push back. After a decade or two, cold hard physics will reveal it to be the expensive unicorn it obviously is to anyone with an informed, realistic world view.[…]” Over the past six months, I’ve had to pay to my power company a total of $68.22 for 5,764 kWh of energy consumption, banking 411 kWh for future sales. Over the same six months in 2018—and before I got solar panels—I paid $985.47 for 5,698 kWh of energy. Do you still say that I am the one who’s uninformed and unrealistic? I certainly pay a lot less for energy than you do! See the comment at #131 WTF on 11.10.20 at 12:09 pm for further reference. :P

#146 Doug in London on 11.10.20 at 2:57 pm

Buy a house online without looking it over closely by going to it in person? Please tell me you’re joking. I wouldn’t buy a used car without looking at it first and taking it for a drive, so buying a house without actually seeing it in person is out of the question.

#147 mike from mtl on 11.10.20 at 3:16 pm

#130 Mattl on 11.10.20 at 12:03 pm
Add me to the group that doesn’t feel a RE agent is acting in, or working for, me.
/////////////////////////////////////////////////////////////

Yep, two words: vested interest. Why is this even still a profession, we’re not in the 19th century. Even worse these days if buying basically off a promise and some crappy photos. Worse as a buyer you’ve got more recourse with an eBay transaction, not to mention the 100s of thousands of debt and 10s of thousands in fees and taxes.

#140 Ace Goodheart on 11.10.20 at 1:37 pm
/////////////////////////////////////////////////////

That’s an interesting find, homeowner renos are always a surprise. An in-person visit is a must, pretty easy to spot the deferred major repairs, cast-iron main drain, electrical panel with like 6 breakers and old cloth wrapped wiring, 50+ year old oil furnace, wood framed windows, doors that aren’t parallel to jamb…

#148 belly rubs on 11.10.20 at 3:31 pm

The deer are back. You can walk straight through the middle of the herd. They show up every winter. The meadows are a haven. The young ones have lost their spots and they are alert and still unsure. The older ones pay no attention to us uprights. In spring they park their fawns here for free babysitting. Squirrels, ducks, chickadees and nuthatches are all over. The bears have long gone up the creek following the salmon. Neighbours report a bobcat is prowling at night.

We camped at this place before we bought it… just to evaluate the setting…in the middle of winter! When spring came around, there certainly were suprises. I thought the driveway was covered in poison ivy. Turns out it was wild strawberry. Lucky. A pika stole my truck keys next trip out. There was a crazy guy living 5 kms north, but now that is vacant. The new owners tagged the property line, but we have not met, though they are fast becoming my best neighbour ever. Canada is big—really big. Wear good shoes when you are out shopping around.

#149 Squire on 11.10.20 at 3:44 pm

#66 Tripp on 11.09.20 at 7:10 pm
Anthony Scaramucci tweet:

“ Thank you
@JoeBiden
for developing a COVID-19 vaccine.
@realDonaldTrump
had four years to do it and couldn’t.”
——————————————-

Really ? Covid didn’t happen 4 years ago. Scaramucci has a chip on his shoulder for getting kicked out by Trump. And Biden didn’t develop a vaccine. Nothing 100% is developed yet.
Democrats are in no position to lecture Republicans about an election because since 2016 they have failed to accept Trump as President.
Just saying…

#150 whiplash on 11.10.20 at 3:50 pm

#126 SeeB

Imagine coming on to a Canadian finance blog and posting a phone number asking for witnesses of wrong doing in a U.S election.

Now, if you carefully scroll back to:

#51 Jack Maxey

615-747-1500

Tip line for voter fraud in battleground states

Missed it didn’t yah!

#151 James on 11.10.20 at 4:01 pm

#127 Steven Rowlandson

Hmm – so you are seriously re-framing Hitler, in spite of the legal atrocities that are well-documented from that regime, as a law-abiding fellow who was unfairly criticized by social justice warriors, just like Trump.

No winks or hint of parody here….?

#152 Randy Sinnot on 11.11.20 at 3:50 pm

If you think you are going to get 7% a year for next many decades in buying primary residence real estate in Toronto,GTA, good luck. Unlike 20, 30 years ago there was no extra extra land transfer tax, no H.S.T, no capital gains taxes, high development costs by municipalities as much as $75,000 per home etc. etc. etc.

Look at how high to higher property taxes, utilities, CMHC fees and many more costs, fees, taxes, maintenance, repair costs, coming communist rent control and rent regulatory, environmental fees, taxes etc. you will be lucky to make net profit after all this crap more than a 2 to 3 year current rate GIC. It is not going to happen, ulsterman.