Assumptions

House sales in Calgary jumped 40% last month. Yeah, Calgary. This comes while GTA deals surged 65% with more than a 50% real estate bump in Comrade Premier Horgan’s YVR.

This is significant. Not good, just pivotal. Scores of Canadian families are busy shovelling even more of their net worth into a single assets, and taking on unprecedented dollops of debt to do so. Your friends, neighbours and WFH co-workers are making two assumptions:

(a) Houses will always go up. The more they inflate, the more FOMO. And,
(b) Mortgages will always stay down.

Aren’t people cute? It’s called ‘recency bias’ – thinking that conditions existing now, or recently, will forever be in place, or shape the future. But as we all know, these are not normal times. Global pandemics, 1.5% loan rates, 16,000 deaths in nine months (almost 400,000 in the US), lockdowns, mortgage deferrals and WFH plus a $383 billion federal government hole are in no way routine. Plus, Trump’s out. Biden’s in. Most of what you saw in 2020 will look completely weird in 2023. Be careful about assumptions.

Like with rates. As a certain pathetic blog (that does not carry a spear or wear horns, except on stat holidays) told you, Dem Days will bring more pressure on the cost of money. As Republican senators went down to defeat in Georgia this week and the Trumpets tried insurrection in Washington, US 10-year yields popped above 1%, and will likely continue to swell. This is because the new Congress will spent trillions on Covid relief, direct payments to citizens, vaccine rollout, aid to the states and infrastructure.

All that will be financed with more debt (as in Ottawa), inevitably fueling bond yields. Plus we know the virus will eventually be defeated by widespread vaxing, leading to a boffo GDP later in 2021 – growth of 6% or more. Meanwhile there’s a mountain of cash building up thanks to lockdowns, quarantines, store closures, travel restrictions and WFH. Add it up and you get inflation. Lots of spending. Big demand. Stimulus cash flying around. A free-spending US president with a suppliant Congress. It’s coming.

Canadian yields follow the US more than 90% of that time, and it’s five-year beaver bonds which influence mortgages (not the Bank of Canada rate, which is just short-term). Current indications are that five-year home loans will be somewhere around 2.5% later in the year – or a point higher than now. Not so bad. But just the start, depending on inflation. So bear that in mind when taking on that mother of a mortgage.

So much for (b). Now how about (a)?

The betting remains that lots of people will lose their minds and pay historically high prices for real estate in the first six months of 2021. The pattern of 2020 will continue with detached properties, especially in the burbs and the surrounding hick cities where people wear baseball hats backwards, men dream of quads and spouses buy matching outerwear. The pop in values has been historic in places where houses were, for generations, affordable. The virus and WFH did that. The legacy will be a destructive one as housing affordability tanks.

But this is not a forever trend. While a plethora of fools drive valuations to the sky in the boonies, investors have been reigniting the urban condo market, because they (like the bond dudes) know what the future will bring. Recall we said here a few months ago, as prices and rents tumbled, that downtowns could bring investment opportunity? Well, per-foot valuations declined in many buildings by 20%, proving too tasty to resist.

Last month in the GTA 30% of all sales were condos, constituting an unbelievable 75% jump year/year. This happened in just a few weeks, since highlighted here. Look at the monthly change in deals through the course of 2020:

  • January +9.7%
  • February +26.2
  • March +4.2%
  • April -69.9%
  • May -58%
  • June = -13.6%
  • July = +4.7%
  • August = +9.2%
  • September = +7%
  • October = -8.5%
  • November = +0.8%
  • December = +75.9%

Unlike the suburban nesters paying a 30% premium for properties, downtown condo grabbers have been buying at a 20% discount. Combined with cheap mortgages and the certainty that renters, university students, restaurant workers, tourists and office workers will eventually be back, it’s a deal many cannot push away.

The vax is the key. As mortgage exec Ron Butler’s been quoted as saying:

“Nothing since the start of COVID in March of 2020 has effected the downtown Toronto condo market more than the recent announcement of a vaccine. As if by magic, deep concern over falling rents and likely falling values vanished. The fact that there is now a definite timeline for the return to urban living means condo owners and condo investors can choose to wait until the market returns to normal.”

Adds RBC: “Softer condo prices are now drawing more buyers in. Existing condo sales soared virtually everywhere in December. We expect condos’ growing affordability advantage over single-detached homes will boost demand in 2021.”

Now, not for a nanosecond is this a recommendation to go out and buy a condo as a rental investment. Being a LL sucks. Many units remain in negative cash flow. Tenants can still grow pot plants, try to flush iguanas down the loo, pee off the balcony and stop paying rent without being evicted.

But you can buy high, or buy low. One usually works out better.

161 comments ↓

#1 Trudeau’s Magic Money Machine on 01.08.21 at 1:56 pm

https://www.google.ca/amp/s/abcnews.go.com/amp/Health/wireStory/vaccine-rollout-hits-snag-health-workers-balk-shots-75133194

A little hiccup in your grandmaster plan to get vaccinated or be fired.

Can’t fire everyone.

#2 Bill on 01.08.21 at 2:06 pm

60,000 jobs lost due to lockdown.
More to come I think.
As I stated way back the VAX is not tested adequately.
I’m not anti just want too see it tested more.
CDC starts to publish allergic reactions to COVID-19 vaccines.
https://www.cdc.gov/mmwr/volumes/70/wr/mm7002e1.htm?s_cid=mm7002e1_w

#3 Joe Schmoe on 01.08.21 at 2:07 pm

#1

The US is a country located just south of Canada. It has an independent government inclusive of legal system and occupational workplace laws

Just thought you should know.

#4 TurnerNation on 01.08.21 at 2:18 pm

These lockdowns are not due to a vax or not.
It’s the biggest financial plundering since 2008 GFC. (Since Sept 11th). Freedom was an illusion too.

Learn how the same is played lads. See how the spoils of WWW3 are being divided. Kanada no longer exits. It’s about the global State now. Your CV protocols make you submissive and non-thinking. Perfect. The new global religion.

Hey anyone still banging pots and pans at 7pm each night, for our freedoms? That didn’t age well.

“The Globe and Mail reports in its Friday edition that a dozen foreign airlines, including three Chinese state-owned carriers, have taken advantage of Canada’s wage subsidy program, even though many have received generous bailout packages from their own governments. The Globe’s Robert Fife and Eric Atkins write that a a review of a Canada Emergency Wage Subsidy (CEWS) database, The Globe found thjat 12 foreign airlines have received money through the program intended to help Canadian companies and their employees cope with the economic fallout of the COVID-19 pandemic
The CEWS registry database shows Cathay Pacific, United Airlines, Turkish Airlines, Royal Jordanian, Lufthansa, KLM, El Al, Ethiopian Airlines and IndiGo Airlines received the wage subsidy. Three Chinese state-owned airlines — China Southern, Beijing Capital and Hainan — also got it. Cathay closed its Vancouver office in March just before the pandemic lockdowns began, so it is unclear how it qualified for the wage subsidy.
© 2021 Canjex Publishing Ltd. All rights reserved.”

#5 cramar on 01.08.21 at 2:25 pm

#29 Mattl on 01.07.21 at 2:57 pm

The millions who voted for him will dwindle, stray off, be repulsed or spend the next few years yelling at each other and the wall on Parler. Their influence on the economy or anything of consequence: zero.
[Garth]

————————————————————-

While I hope this is true it seems like fantasy to me. We are talking about 74MM voters that checked the Trump box.

He will stand up a media platform to reach these folks the day after he leaves office. Who cares if anyone books Mar Lago when you have 20-40MM subscribers to your news channel @ 10 bucks a month.

He is going to be a major force in politics until he is in the ground. Count on it.

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

Nope! My prediction…

Things will rapidly go south for him at noon on Jan. 20. The big deal is that he becomes “private citizen Trump.” He is facing a number of criminal investigations that are on hold while he has “presidential immunity.” Besides the sexual allegations, the most significant are his financial misdealings. You can add to this any criminal charges that could be brought against him re. the attack on The Capital.

The financial corruption charges are going to bring his house of mirrors into the sunlight. He is going to be spending a lot of time defending himself and one or more convictions has the potential to take him down permanently. I will be surprised if after exhausting all legal options (which could take years), he will not be spending the rest of his life behind bars. He will suffer the fate of most corrupt deposed dictators.

#6 C V on 01.08.21 at 2:36 pm

Is the mortgage deferral cliff still in play?

#7 BlogDog123 on 01.08.21 at 2:40 pm

USA voting 101:

1. Political parties decide their local candidates (primaries, nomination, etc…)
States send out voter registration forms, voters receive or ask for mail-in ballots.
2. Ballots received either by mail, drop off or in person.
3. Ballot checking, curing, observing, watching, counting, tallying, auditing, accounting.
4. Courts examining, admonishing, declaring, ruling, reporting.
5. States certifying, explaining, legislating, getting electors figured out.
6. Electors review audited results, numbers, etc… fill out necessary forms..
7. Congress reviews electors certified result tallies for who becomes next president.

Trump mob: This election was STOLEN. We say this without ever having to provide evidence, solid numbers, auditing, providing any forms, legal opinions, scholarly articles, patterns that show “theft” carried on from local polling station, to county to state or country.

So Trump Zealots: With no evidence, no paperwork of any kind and “nothing to show for” other than a vague crazy uncle rant, it’s time to go home and accept the result.

That’s all folks !

#8 Cottagers STAY THE HELL AWAY! on 01.08.21 at 2:48 pm

STAY IN OAKVILLE THIS WEEKEND!

DON’T COME UP NORTH, YOU INBRED SOUTHERN HILLBILLIES!

(***2021 will probably be a write-off year anyway – don’t plan for anything at the cottage until at least May 2022)

Just.

Stay.

Home.

#9 Sail Away on 01.08.21 at 2:48 pm

Demons and angels, black and white.

Let us not forget Trump donated his entire $1.6M presidential salary to various governmental departments/initiatives during his tenure, including the Coronavirus effort and Veterans Affairs.

But maybe that was evil as well?

How much did his properties and businesses such as the Washington hotel, profit from his tenure as president? – Garth

#10 Wait There on 01.08.21 at 2:50 pm

The surging condo sales might present a ratcheting effect to put a foundation pin to WFH remote prices. This will solidify the high prices paid for the remote detached homes.

I did not see an argument presented why this could not happen.

Sounds like uppa uppa time? No?

#11 Wait There on 01.08.21 at 2:52 pm

As long as the Feds are adding to the balance sheet, the increased spending does not put pressure on the bond yields. Same for Canada and the CB who is purchasing the debt to keep rates low. They have unlimited capacity because no one is objecting and they don’t care.

Sounds like a rigged game as long as no one upsets the balance.

#12 Peter McLean on 01.08.21 at 2:54 pm

I have an even better idea. I’m going to take all my money and bury it in my backyard.

#13 Prince Polo on 01.08.21 at 2:57 pm

*AHEM*, I ran the monthly payment numbers for downtown ‘Sauga condos through the realtor.ca calculator (assuming 2% mortgage, 25yr amortization, 5% down, adding prop tax and condo fees):
1 bdrm @ $510K = $2750/mo
2 bdrm @ $635K = $3400/mo

No thanks! I’ll stick with being one of those “loser” renters who is not even fully paying his landlord’s mortgage………

#14 Calgary Panicker on 01.08.21 at 2:59 pm

Wither, townhouses?

Are townhouses a suitable compromise?

#15 Prince Polo on 01.08.21 at 3:01 pm

#9 Sail Away on 01.08.21 at 2:48 pm
Demons and angels, black and white.

Let us not forget Trump donated his entire $1.6M presidential salary to various governmental departments/initiatives during his tenure, including the Coronavirus effort and Veterans Affairs.

But maybe that was evil as well?

How much did his properties and businesses such as the Washington hotel, profit from his tenure as president? – Garth

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

LOL!!! “Saintly” Drumpf really had a bleeding heart when it came to his Secret Service detail:
https://www.washingtonpost.com/politics/trump-company-secret-service-spending/2020/08/27/9331bd86-de36-11ea-8051-d5f887d73381_story.html

#16 Big Tuna on 01.08.21 at 3:03 pm

Garth,
In theory, everything you say is right. But nothing is normal these days. Tesla at 860$, T2 printing money like there is no tomorrow. I can’t believe we will re-elect that guy in 2021.
Just admit that the greaterfool for 20 years has been the one waiting on the sidelines. Prices go up 99% of the time, and rates will stay low for a long time. I bought my first house 6 years ago and was very happy with a 2.69% rate. I renewed last year at 2.44% just before rates went even lower. We won’t see 4-5% rate for a long time.
Real estate remains the best «investment» for most people.

#17 The Woosh on 01.08.21 at 3:03 pm

Your argument is flawed. The central banks have already stated that they will allow inflation to rise well beyond the 2% limit before touching rates. Rates will eventually rise but not anywhere near the timelines you’re predicting. And that supposes that we don’t have another event that puts pressures for more quantitative easing.

Those buying condos at a “discount” are just taking on a falling knife…to the hilt. Condos and bitcoin…same difference.

CBs do not control band yields. Learn, then type. It’s safer. – Garth

#18 Sail Away on 01.08.21 at 3:08 pm

#9 Sail Away on 01.08.21 at 2:48 pm
Demons and angels, black and white.

Let us not forget Trump donated his entire $1.6M presidential salary to various governmental departments/initiatives during his tenure, including the Coronavirus effort and Veterans Affairs.

But maybe that was evil as well?

“How much did his properties and businesses such as the Washington hotel, profit from his tenure as president? – Garth”

————–

Sigh

#19 Bill on 01.08.21 at 3:13 pm

#4 TurnerNation on 01.08.21 at 2:18 pm

Trudeau is bought and paid for. He doesn’t give a rats ass about the debt. He’s Mr global handout. Canada is screwed and I think their solution is to inflate like hell. The loonie spends like 2 bits already. Taxing the rich will cover 3 days of Ottawa’s spending.
Trudeau you $%&&#@ idiot!!
https://financialpost.com/opinion/opinion-a-wealth-tax-would-pay-for-three-days-of-ottawas-spending

#20 Bill on 01.08.21 at 3:15 pm

DELETED

#21 Bezengy on 01.08.21 at 3:15 pm

Calgary has three times as many (150) off leash dog parks as Toronto. I’d elaborate but the pooch is waiting.

#22 Comrade on 01.08.21 at 3:16 pm

While I agree with logic and rationale, however this recency bias has been going on for over a decade now. I can see why people think it won’t change, if 2020 didn’t do it.l am not sure what will.

#23 Whats your ... on 01.08.21 at 3:17 pm

#12 Peter McLean on 01.08.21 at 2:54 pm

I have an even better idea. I’m going to take all my money and bury it in my backyard.
——————————————-
address?

#24 IHCTD9 on 01.08.21 at 3:18 pm

#279 Squire on 01.08.21 at 1:55 pm
#272 Sky on 01.08.21 at 1:17 pm

————————————— Good post Sky
It’s amazing to watch how fast the media goes after anyone conservative but spoon feeds questions to Mr. Socks. There is way more going on here that what we see on the surface
—- –

Socks doesn’t do “answer questions”.

#25 Linda on 01.08.21 at 3:18 pm

With the historic lows in mortgage rates one can’t be surprised that people are buying. I’m tempted myself & have absolutely no valid reason to purchase. Have a mortgage free SFH with dirt & no desire to be a LL or to own a second home/vacation property. Nor do I wish to ‘trade up’. However, if we didn’t already own a place we like living in have to say it would be very difficult to abstain from making a purchase – particularly when a 10 year mortgage can be had for less than 3%. Still wouldn’t buy a condo though.

#26 Jimmy Zhao on 01.08.21 at 3:20 pm

I wouldn’t listen to what Ron Butler has to say.
He doesn’t even know the difference between ‘effected’ and ‘affected’

#27 Pete on 01.08.21 at 3:26 pm

Considering that the world has enough of it’s own problems to give a s#@t about US and Canada, speculative real estate buying and stock market bubble inflating will continue. Post covid: continued high unemployment, federal debt, and devaluation of the dollar might cause a few to pause and think. But then it will be too late. Time to eliminate debt, invest safely, and lay low.

#28 Paul on 01.08.21 at 3:32 pm

#9 Sail Away on 01.08.21 at 2:48 pm
Demons and angels, black and white.

Let us not forget Trump donated his entire $1.6M presidential salary to various governmental departments/initiatives during his tenure, including the Coronavirus effort and Veterans Affairs.

But maybe that was evil as well?

How much did his properties and businesses such as the Washington hotel, profit from his tenure as president? – Garth
————————————————————————————————
The Obamas are worth 30 times more than when they entered the White House
Hillary Hoffower
Updated Sep 12, 2018 – 8.46am, first published

The Obama’s net worth today is around 75 Million, plus they don’t own a hotel.

Obama sold almost a million books in a day last month. Seems legit. What’s your point? – Garth

#29 Bill on 01.08.21 at 3:39 pm

#24 IHCTD9 on 01.08.21 at 3:18 pm
#279 Squire on 01.08.21 at 1:55 pm
#272 Sky on 01.08.21 at 1:17 pm

————————————— Good post Sky
It’s amazing to watch how fast the media goes after anyone conservative but spoon feeds questions to Mr. Socks. There is way more going on here that what we see on the surface
—- –

Socks doesn’t do “answer questions”.
———————————————
Yup its a completely rigged game. Getting your facts from the media is a massive waist of time.

#30 Drill Baby Drill on 01.08.21 at 3:40 pm

This is making my day. Dozens of those rioters in Washington DC have been recognized in the posted photos on the news sites by their employers. They all are being fired.

#31 The Woosh on 01.08.21 at 3:42 pm

#17 The Woosh on 01.08.21 at 3:03 pm
Your argument is flawed. The central banks have already stated that they will allow inflation to rise well beyond the 2% limit before touching rates. Rates will eventually rise but not anywhere near the timelines you’re predicting. And that supposes that we don’t have another event that puts pressures for more quantitative easing.

Those buying condos at a “discount” are just taking on a falling knife…to the hilt. Condos and bitcoin…same difference.

CBs do not control bond yields. Learn, then type. It’s safer. – Garth

——————————————

You’re right Garth! Central Banks certainly don’t control “band” yields. I type just fine. Nevertheless, mortgage rates will not increase the way you’re playing it. Quit the fear mongering.

Conjecture of a 1% rise in five-year rates is hardly fear-mongering when bond yields have already moved. My goal here is to educate people. And yours is… what? – Garth

#32 Love_The_Cottage on 01.08.21 at 3:43 pm

#8 Cottagers STAY THE HELL AWAY! on 01.08.21 at 2:48 pm
…ranting in all caps…
_______________
I heard that in Ontario transfers are going to happen between hospitals now due to overcrowding. So we’ll be sending ambulances full of COVID patients up your way! Thanks for the support, we’re all it in together.

#33 Faron on 01.08.21 at 3:43 pm

#18 Sail Away on 01.08.21 at 3:08 pm

#9 Sail Away on 01.08.21 at 2:48 pm
Demons and angels, black and white.

To flip it around, SA, what does it take for one to discount angelic acts and respond to someone as a demon? I’m sure even the world’s worst actors helped an old lady across the street now and then. Does that mean they should be defended for their anglic-ness?

With equities, do you balance up and downside risks before purchasing? At some point you buy or don’t buy having seen the scales tip a certain way. Trump has tipped those scales very far in one direction despite any angelic behaviour.

#34 IHCTD9 on 01.08.21 at 3:45 pm

#19 Bill on 01.08.21 at 3:13 pm
#4 TurnerNation on 01.08.21 at 2:18 pm

Trudeau is bought and paid for. He doesn’t give a rats ass about the debt. He’s Mr global handout. Canada is screwed and I think their solution is to inflate like hell. The loonie spends like 2 bits already. Taxing the rich will cover 3 days of Ottawa’s spending.
Trudeau you $%&&#@ idiot!!
https://financialpost.com/opinion/opinion-a-wealth-tax-would-pay-for-three-days-of-ottawas-spending
———

I agree, Socks ain’t too bright, but put as much truth as possible into his actions so you can make good decisions.

Trudeau is obviously following some MMT doctrines. He has spent Billions, but we still do not have runaway inflation (yet). What he is doing (and maybe going a little overboard…) is a first here in Canada – at least to the extent he has pushed it.

Do you think if inflation did rise from the dead that he would keep spending? MMT says you introduce spending alongside new taxes to pull the cash back out of the system. Socks never bothered with that part. It’s almost guaranteed that if inflation touches off, that nothing Fiscal policy could do would reel it back in quickly enough.

That leaves the BoC to deal with it through rate hikes. This would be the ultimate nightmare for the Libs and many maxed out Canucks. You’d think someone in Ottawa is cognizant of this right? Of course they are.

This show calls for a truckload of popcorn. If inflation never comes, and rates stay in the ditch, hopefully you already own a house, and can enjoy the portfolio gains via all the printing. If it does, hopefully you are comfortably retired, can hunker down, adjust your investments to suit, and watch everything that has happened since 2000 revert to balance in a firestorm of pain and anguish.

You can use the firestorm to pop your corn, and melt your butter.

#35 Dolce Vita on 01.08.21 at 3:53 pm

Like another Commenter here I was surprised at the December 2020 Labour Force Survey numbers (LFS, number rounding errors from StatCan):

• Employment down 62,600 (-0.34%) in December from November, the first decline since April.
• 36,500 Full Time jobs added.
• 99,000 Part Time jobs lost.
•Unemployment rate = 8.6% up 0.1%.

Above in the Cdn MSM, here and there, but the number that GRABBED me the MOST was this:

•Labour force SHRANK by 42,000.

Nov. 2020 Labour Force Size = 20,350,800
Dec. 2020 Labour Force Size = 20,308,800

The LFS does not account for their whereabouts (survey data in the LFS and is based on the 20,308,800 then classified as either FT, PT or Unemployed).

If you were to add them to the 62,600 then there were:

104,600

without employment.

“Core-aged women and male youth were largely responsible for the fall” per StatCan, a -0.2% drop and largest since April 2020.

So the true loss was about -0.5% and 104.6K jobs lost.

———————————

It will only get worse with Provincial lockdowns in January 2021.

I think the people buying property now are risk takers, which is good, but they are going to wish they had not.

True “there’s optimism the economy will quickly accelerate once the pace of vaccinations picks up” but Canada is nowhere near that now.

FALSE HOPE.

VAX Recency Bias.

2021 has begun as a year of disappointment.

https://www150.statcan.gc.ca/t1/tbl1/en/cv.action?pid=1410028701

#36 Trudeau’s Magic Money Machine on 01.08.21 at 3:54 pm

#3 Joe Schmoe on 01.08.21 at 2:07 pm
#1

The US is a country located just south of Canada. It has an independent government inclusive of legal system and occupational workplace laws

Just thought you should know.
—————————————————————-

You’re missing the point, people are people regardless of country of origin.

Thinking we’re special just because we are Canadian is a dangerous game.

#37 Tron Light on 01.08.21 at 3:54 pm

“This is because the new Congress will spent trillions on Covid relief…”

Like they just did? With only $600 out of how many trillions going to people affected by Covid lockdowns?

#38 SeeB on 01.08.21 at 3:59 pm

Comrade Premier Horgan’s YVR.

It’s lame dog-whistles like this that keep bringing the idiots to your blog, fyi.

He’s no longer premier? – Garth

#39 Stealth on 01.08.21 at 4:03 pm

Garth, lots of talk about inflation these days. People asking what their incomes are going to be worth in few years. (E.g in the last 7 years income probably lost 50% of it purchasing power if you take into account real estate and food)
Now I get that it may have to do with the upwards curve in the short or even long term debt cycle and its relationship with the long productivity growth etc…

That is nice however what can we do now meaning today to start protecting against elevated inflation coming from massive monetary stimulus?

Is typical 60/40 portfolio still ok no change to your regular commentary?
Also can real estate be used as an inflation hedge? For example massive mortgage may not be massive 5-10 years.

Something for you to evaluate and think about, perhaps politely delegate to another blog contributor or Completely disregard.

Thank you either way.

#40 Robert Joseph Fournier on 01.08.21 at 4:05 pm

Hey Rural Ontario. Covid patients the gift from TO to you.

#41 Paul on 01.08.21 at 4:12 pm

Now we now why there were no vaccination’s over New Year’s no VACCINE. So everyone who wanted to wait to see the effects on people before getting the needle you got your wish.

#42 Old gringo on 01.08.21 at 4:13 pm

As I’ve said before” elect a clown, expect a circus “.
Trump is and was a snake oil salesman that fooled millions with his BS.
As Trump’s mommy used to say” you can always tell when little Donny is lying “ his lips will move”.
Thank god the circus is leaving town!!!

#43 Home Sweet Home on 01.08.21 at 4:14 pm

Here is a nice apartment to buy 2000 sq. ft. It’s only $1,899.000.00. Too bad it didn’t have a water view, could have gotten an addition 200K more. Sigh, looks like micro apartments are the only way to investment. Not! Thank you Turner Investments my balanced and diversified portfolio is steady Eddy in the right direction too bad our housing is in such a sad state.

https://www.zolo.ca/victoria-real-estate/999-burdett-avenue/601

#44 Blog Bunny on 01.08.21 at 4:15 pm

<>

Please explain to me why Republican observers were not allowed to watch to ballot count in key states. When I do procedures on patients, I welcome observers and students. I have nothing to hide. I take pride in work well done. If you cheat and lie, you do not want witnesses.

Give it up and go away. – Garth

#45 Dolce Vita on 01.08.21 at 4:17 pm

My heart be still.

Damn near spewed my Caffè Lungo all over the PC screen this morning when I saw this daily dose vaxing chart:

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

I tell you, give Italia some vials and she gets them right into your arm tout de suite.

It helps though having a country 1/3 the size of BC, 1,833,975 doses at the ready and 286 hospitals in on the vax’ng action.

Canada’s achilles heel with vaxing:

Geography and vaccines that need specialized cryo or deep freezer storage.

Why Health Canada needs to approve AstraZeneca now:

Nurse + cooler + bag ice + vax vials + syringes = vax anyone in sight.

How Canada can pick up its vaxing game.

————————

Then and ONLY THEN can there be:

Optimism the economy will quickly accelerate once the pace of vaccinations picks up.

#46 Howard on 01.08.21 at 4:18 pm

Garth, doesn’t recency bias explain every 60/40 fund manager on the planet?

I prefer Chris Cole’s dragon portfolio which incorporates stocks and bonds AND other instruments.

You actually fell for that?- Garth

#47 O caNnABis! on 01.08.21 at 4:21 pm

420 roCKS!!! HAgW eVERBUddy!

#48 Bill on 01.08.21 at 4:23 pm

#12 Peter McLean on 01.08.21 at 2:54 pm
I have an even better idea. I’m going to take all my money and bury it in my backyard.
——————————————
Do gold if you do….it wont rot and likely it will be worth something in 10 years. I did 2 years ago a Maple Leaf was $320 now $2,500. Relative terms its not so cheap anymore JUST like RE and both of which I could care less about where the price is…When you not up to your butt in debt it matters not.
Paper currencies are going the way of the Dodo I do believe.

#49 Sara on 01.08.21 at 4:24 pm

#9 Sail Away on 01.08.21 at 2:48 pm
“Demons and angels, black and white.

Let us not forget Trump donated his entire $1.6M presidential salary to various governmental departments/initiatives during his tenure, including the Coronavirus effort and Veterans Affairs.

But maybe that was evil as well?”

How much did his properties and businesses such as the Washington hotel, profit from his tenure as president? – Garth
—————————————–

Good versus evil cannot be ascertained by looking at an action in isolation.

Also, intent is important.

#50 Faron on 01.08.21 at 4:28 pm

There was a little good news this week on the US econ front namely manufacturing beats and lower weekly initial and continuing jobless claims. But there was much more badness namely out of control COVID, poor Dec. jobs report and a tick up in the trade deficit (hello strong yuan/weak USD). Market focused on the former, forward looking and all.

I have to wonder how the current rally and Biden actually taking the reins is going to mingle over coming months. There will be a lot of pressure to lock down to save hospitals and consequent big dips in economic activity. Seems there’s a gap to be minded between this bleak winter and the restoration.

#51 KLNR on 01.08.21 at 4:28 pm

@#32 Love_The_Cottage on 01.08.21 at 3:43 pm
#8 Cottagers STAY THE HELL AWAY! on 01.08.21 at 2:48 pm
…ranting in all caps…
_______________
I heard that in Ontario transfers are going to happen between hospitals now due to overcrowding. So we’ll be sending ambulances full of COVID patients up your way! Thanks for the support, we’re all it in together.

lmao

#52 Sail Away on 01.08.21 at 4:28 pm

#33 Faron on 01.08.21 at 3:43 pm
#18 Sail Away on 01.08.21 at 3:08 pm
#9 Sail Away on 01.08.21 at 2:48 pm

Re: Demons and angels, black and white.

————-

To flip it around, SA, what does it take for one to discount angelic acts and respond to someone as a demon?

————-

I’ll ask our cat- last I saw, he was playfully dismembering a siskin. So cute!

#53 Brian Ripley on 01.08.21 at 4:32 pm

My housing chart of the 6 biggest Canadian Cities is up:
http://www.chpc.biz/6-canadian-metros.html

The residential sales absorption rates (total sales / total listings) hit 36% in Vancouver, 33% in Calgary and a very bullish 91% in Toronto where the animal spirits prevail.

It remains interesting to note that the average of the summed prices of Vancouver + Calgary + Toronto condos is 17% higher than a median priced Montreal SFD.

Ex-Calgary, it was 47% higher.

In FEB 2018 the metrics were 73% and 106% higher respectively!

In terms of value comparison, sellers in:
Vancouver wanted 1.9 T-houses or 2.7 condos in trade
Calgary wanted 1.7 T-houses or 2.2 condos in trade
Toronto wanted 1.6 T-houses or 2.1 condos in trade

The “improvement” that sits on the land is a wasting asset. If serviced land is so valuable, shouldn’t the ratio be 1 house equals at least 3 townhouses or 4 condos?

And for you investors looking at condos for sale here is Padmapper’s data on the Y/Y change in rental asking prices for apartments available or vacant not including short term or Airbnb listings:

CITY (1 Bdrm 2 Bdrm)
Vancouver (-11.4% -11.6%)
Calgary (-1.8% -2.2%)
Edmonton (-2.1% +2.5%)
Toronto (-17.4% -15.7%)
Ottawa (-1.4% -2.2%)
Montreal (-8.7% -15.4%)

#54 Howard on 01.08.21 at 4:32 pm

Nasdaq cash market closed above the resistance line today. Blow-off should begin in earnest and top out around May imo. I think it might be a generational top for that index since the next 20 years are likely to be inflationary (and increasingly so) and therefore favourable to commodities and financials.

I hope once this year is over we never again have to hear about the vaunted FAANGs. Artificial intelligence might be the one growth tech sector over the next decade (Microsoft is a good bet) but the glorified ad agencies like Facebook should fade.

#55 Dolce Vita on 01.08.21 at 4:37 pm

#2 Bill

More useful than your web link and people read what they want to read:

However, a briefing document from the US Food and Drug Administration on 10 December noted that the trial data showed a

“SLIGHT numerical imbalance of adverse events potentially representing allergic reactions, with more participants reporting hypersensitivity related adverse events

in the vaccine group (137 (0.63%))
compared with the placebo group (111 (0.51%)).”

-BMJ, Covid-19: People with history of significant allergic reactions should not receive Pfizer vaccine, says regulator, 10 December 2020.

https://www.bmj.com/content/371/bmj.m4780

43,000 participants in the Pfizer Phase 3 trial.

For example, allergic reactions in Alaska reported a while ago with Pfizer, one of them had an egg allergy and got anaphylaxis after being jabbed.

There are NO egg bits in the vaccine.

—————————–

Psychosomatic.

#56 AGuyInVancouver on 01.08.21 at 4:37 pm

From yesterday:
#23 Unhinged Trader on 01.07.21 at 2:40 pm
Seeing those senators and congressmen cowering in their benches was one of the best things I’ve ever witnessed, and re-invigorated my belief in the American people who have not lost their spirit since the founding period. The same spirit made this the most successful country in history.

Washington’s creatures were officially WARNED by American patriots.

Just when I thought America was finished…
_ _ _
I love it when people put the key aspect of their personality in their screen name. Unhinged by word, Unhinged by nature.

#57 Rook on 01.08.21 at 4:37 pm

Hi Garth.

I guess we’ve already begun the grand modern monetary theory experiment.

I get the why of it, I think – rules of economics were made by humans, so if the rules are not getting the results we want, we change the rules until the results are what we want.

And I think I get the how of it – debts and deficits don’t matter as long as a country controls its own printer, and the central bank can buy government bonds.

What I don’t understand is why nobody seems concerned with this. It beggars everything I’ve ever learned about economics – TANSTAAFL. Major economists like Krugman in a NYT article are saying ‘Stop worrying and learn to love debt’, but all I see is the Canadian debt clock ticking ever upwards, and I work very hard on a personal level to stay debt-free.

So I guess what I’m asking is, why am I wrong to be worried, and they’re right to tell me it’s no big deal?

#58 Bill on 01.08.21 at 4:42 pm

Condos are a pain.
Look at the insurance issue they have had.
Strata fees can be stupid.
Best realized appreciation is when your abode is sitting on land your own land.
I own a couple of condos only because they where on top of an office building I purchased 4 years ago.
It made sense as I paid $275k ea in the package deal now worth $500k rented for $2k ea. Fees are low because I manage and maintain the property. I do have a gardener that’s where I draw the line!
3 years of headaches getting her spotless and rented to top tier commercial tenants like Telus but now producing $50k more rent then when bought and worth more than double what I paid.
It took me 4 years to find that deal.
It bloody amazes me how people buy houses like I buy socks at Costco. They don’t even look at the electrical panel or the foundation. Just stupid…My advice…take your time and if theirs a lineup of buyers walk away.
Like any investment very important to do your research.
Play it safe!

#59 Doug t on 01.08.21 at 4:44 pm

Its funny that many forget the founding of America was by revolution (domestic terrorism) – the Founding Father’s and the constitution that is the bedrock of the U.S. happened because of the actions taken by those that wanted their rights and freedoms – to govern themselves – LOL and here we are folks

Did all those white guys breaking through windows and wrecking Congressional offices have no rights and freedoms? – Garth

#60 Blobby on 01.08.21 at 4:50 pm

“Let us not forget Trump donated his entire $1.6M presidential salary”

Says who? Spanky? Now, maybe he did, maybe he didnt. But his track record on telling the truth isn’t exactly great. Maybe we’ll know in a few weeks when NY get access to his tax returns.. My suspicion would be that he’s done nothing of the sort

BTW, presidents are paid $400,000, not $1.6 million. – Garth

#61 Doug t on 01.08.21 at 4:55 pm

#58

Respectfully Garth – we don’t know – and perhaps many down south feel that they do not – obviously something is terribly wrong with the U.S. and at the root it may be that they feel a loss of rights/freedoms

No excuse. – Garth

#62 yorkville renter on 01.08.21 at 5:06 pm

Condos are still too expensive… and if these are being snatched up by perspective LLs, then they will still feel the pain.

I bet a lot of those sales are for people who are renting and figure it’s time to get on the property ladder.

my $0.02

#63 IHCTD9 on 01.08.21 at 5:12 pm

#38 SeeB on 01.08.21 at 3:59 pm
Comrade Premier Horgan’s YVR.

It’s lame dog-whistles like this that keep bringing the idiots to your blog, fyi.
— ——

…and what brings you here homie?

#64 Pete from St. Cesaire on 01.08.21 at 5:15 pm

Speaking of WFH it seems that people in Ireland have been collecting reimbursement for ‘virtual mileage’ in attending meetings.
https://www.independent.ie/irish-news/politics/theres-no-such-thing-as-virtual-mileage-tds-anger-at-councillors-receiving-travel-expenses-39912595.html

#65 Buford Wilson on 01.08.21 at 5:18 pm

All housing is affordable Garth. Although not all of it is affordable for you or for me.

#66 SW on 01.08.21 at 5:18 pm

Good column.
If I ever need to have an iguana disposed of, I now know who to ask!

#67 Joe on 01.08.21 at 5:24 pm

Recency bias? House prices have been rising since 2003 and rates dropping since also. Almost two decades. Far from recent.

#68 3s on 01.08.21 at 5:28 pm

The cost of money cannot rise, it did not since 2008 when everyone said it would rise. This shock was much bigger than 2008 and will take even longer to recover from if even ever. TBTF. The cost of money cannot rise. Just wait for the next sharemarket bubble to pop and climate change to kick in. That will be the next leg down with even cheaper money. The crowds are too dumb to lose faith in this FIAT currency. It’s all good.

#69 vwap on 01.08.21 at 5:30 pm

joe talking about $15min wage today. he’s typically seen as bi-partisan, so maybe we will really get an unpopular ‘sleepy’ joe, and this will drive some rotation after QE slows down. alright back to my paper trading account.

#70 zee on 01.08.21 at 5:32 pm

Garth, let me remind you the the Housing market was on fire in Jan-March until Covid came and rates were already at 2.99%. So 2.5% rates will have no impact.

And my understanding is that CB can control long term rates through their QE.

#71 Ken R on 01.08.21 at 5:34 pm

@12

I have an even better idea. I’m going to take all my money and bury it in my backyard.

That would be a deposit in the World Agricultural Bank.

#72 Gob Smacked on 01.08.21 at 5:35 pm

I recently lost my MIL to Covid-19, Dec 29/2020 to be exact, and no I’m not looking for condolences, it leads into why I am so shocked at the stupidity of people who are buying into the current insanity of RE.

As part of dealing with her estate, we have to sell her 1-1/2 storey wartime house in east end Hamilton. Personally, I believe the house should be reduced to a hole in the ground, not lived in. We just had the place appraised and the number they came back with is truly stunning at $430k! To think that will be the asking price and quite likely driven higher is insanity. Who does this to themselves?

#73 Faron on 01.08.21 at 5:41 pm

#51 Sail Away on 01.08.21 at 4:28 pm

#33 Faron on 01.08.21 at 3:43 pm

To flip it around, SA, what does it take for one to discount angelic acts and respond to someone as a demon?

————-

I’ll ask our cat- last I saw, he was playfully dismembering a siskin. So cute!

I take it your cat is a marmalade tabby?

Your metaphor is opaque and not helpful if not outright obtuse. Clarify for us plebes.

My interpretation is that you think nothing is black nor white, thus we should simply place Trump on a spectrum and leave his present actions be? By that logic, because Kim Jong Un is buddy buddy with Dennis Rodman (or was) we should discount apparent news that he recently ordered forfeiture of domestic canines to the common good of the N. Korean food supply. Trump is not on Un’s level, but at some point enough bad piles up and you have to get off the continuum and make a discrete call. At risk of picking a scab, you certainly did this summer in condemning CHAZ/CHOP, no? Even Andy Ngo praised the treatment he received from the occupiers by day and there are numerous documented instances of some good having been done, thus the occupation lied on a the continuum.

#74 cuke and tomato picker on 01.08.21 at 5:42 pm

It’s great that those who stormed the capital are going
to have to face the consequences in court. They can pick them off by video just like those rioters in Vancouver on
June 15th 2011. Trump should be in jail and his assets frozen and used to pay for the damage done to the capital
building as well as the cost of the police who were brought in to help establish order.

#75 R on 01.08.21 at 5:45 pm

It will take awhile to remove the Trump Stink from the WH. Worse than decomp. Maybe after a few fumagations it will just be barely noticable.

#76 3s on 01.08.21 at 5:48 pm

DELETED

#77 Vancouver in the Rearview on 01.08.21 at 5:59 pm

Garth, if you think a 1% jump in rates is going to harm your ability to re-mortgage, maybe buying a house isn’t such a great idea in the first place.

No one can predict the future, but I can’t foresee a circumstance where we see crazy rate increases. It didn’t happen with COVID-19, so what circumstances would it take? I can’t imagine any. Governments have demonstrated they’ll all print money to keep things afloat. That might be a problem in developing countries, but for Canada and the United States or the EU, I just don’t see it. After all, we’ve been waiting for years to see the mythical rate increases Garth has been calling for (quite rationally I might add) and we’re no further ahead.

#78 Nonplused on 01.08.21 at 6:20 pm

Even Doug Casey (the gold bug) has begun suggesting people by a house with a mortgage given a) the historically low interest rates, and b) the $hitstorm of money printing headed our way.

But hmmm, what if one does not have a mortgage? Should one take out a mortgage and invest? To me that sort of feels like leveraged speculation only at a discount to what margin costs. I think I’m too old to take those kind of risks.

#79 MF on 01.08.21 at 6:23 pm

Howard on 01.08.21 at 4:32

Facebook a “glorified ad agency”?

I don’t know about you, but whatever i do with my spouse, a minimum of 30% of time must be allocated to photo taking and selfies …all destined for social media. All her friends? The same.

This is none negotiable.

My boomer parents then comment and like right away, my nephews facebook video chat about it, i get congratulatory texts on whatsapp later and so on.

And i don’t even use social media.

Point is, we may not use these platforms that much, but millions and billions of people do.

Facebook Marketplace is gold though. Great feature.

Therefore, I predict the opposite to what you said: more success for facebook (and its investors) for years and years to come.

MF

#80 Stone on 01.08.21 at 6:24 pm

#79 Stone on 01.07.21 at 4:28 pm
#159 Stone on 01.06.21 at 9:26 pm
Civilization is just a thin veneer.

Meanwhile, in the land of balance and diversification, I sit back and do nothing with my B&D portfolio. It’s up 1.35% YTD. I think it will go higher tomorrow.

Yawn…

———

Today was great. 2.48% YTD. In only 4 days. B&D, I love you. ❤️

This could be a really good year.

———

For the first full week of 2021, my B&D portfolio has grown 2.70% YTD.

A little more (hopefully sometime next week) and I’ll have earned more than the median Canadian worker does in a full year.

All those years saving up and investing my pennies really has paid off per the magic of compounding. Woohoo!

On that note, I’ll pass on buying a concrete casket in the sky of Toronto. A B&D portfolio is orgasmic enough on its own.

#81 Victor Mailand on 01.08.21 at 6:33 pm

#58 Doug T, those rioters were attacking the very bedrock institutions put in place by the Founding Fathers. It was an act of treason.

#82 Regjeg on 01.08.21 at 6:41 pm

Twitter just announced it has suspended Trump’s account permanently, citing risk of further incitement of violence.

Shoulda been done weeks, nay months, ago.

#83 Penny Henny on 01.08.21 at 6:42 pm

Niagara region real estate updates for Dec 2020.

Change year over year
-listings + 6.3%
-sales +55.9%
-HPI price index +23.1%
-Days on market -43.4%

https://www.niagararealtor.ca/sites/default/files/files/Media%20Release%20December%202020%20%28COMPLETE%29.pdf

#84 Felix on 01.08.21 at 6:45 pm

Yep, dogs put the ‘ass’ in ‘ass-umptions’ – right in the face of their human slaves.

#85 Damifino on 01.08.21 at 6:46 pm

#38 SeeB

It’s lame dog-whistles like this that keep bringing the idiots to your blog, fyi.
—————————

Guess I’m an idiot then. John Horgan is my premiere at the moment. I actually think he’s a good guy. I only agree with him maybe half of the time. Other times I think he’s completely out to lunch.

But I’ve seen him show real spine before crowds of ignorant, shouting fools. That’s something I never expect to see in our federal leader.

I think John Horgan himself might find the ‘Comrade’ label kind of funny. I’m sure he’s heard it before. Sure, John’s a little bit pink, and his empty condo taxes etc. have done nothing to aid home affordability. I try to look beyond those things these days, if I can manage it.

At least he’s assembled a reasonably competent cabinet and allows them to do their jobs. I like Mike Farnworth the solicitor general. There’s a man who’s really not afraid to call an idiot an idiot. Hey, thanks Mike!

Three things bugged me about Horgan in the beginning: His plan to cancel the BC Hydro Site C dam, his support for an unspecified proportional voting system, and his opposition to the Trans Mountain pipe line.

None of that came to fruition. The rest I can live with… for now. Besides, the BC Liberals have got nothing, and the Greens… give me a break!

#86 Penny Henny on 01.08.21 at 6:53 pm

While a plethora of fools drive valuations to the sky in the boonies, investors have been reigniting the urban condo market, because they (like the bond dudes) know what the future will bring.-GT

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

I must be mistaken because the way I read it you say the smart money is buying investment condos.

Then you read badly. – Garth

#87 KLNR on 01.08.21 at 7:04 pm

Looks like trump finally got the boot from twitter.
wonder what other sewer he’ll use as a pulpit to rally the ‘patriots’?

#88 crowdedelevatorfartz on 01.08.21 at 7:05 pm

A day without Trump spewing vitriol on Twitter, Facebook, etc….

Is this what the Apocalypse will look like?

Perhaps Armageddon aint so bad…

#89 Old Ron on 01.08.21 at 7:07 pm

Hey 3s. Yes the cost of money can and will rise.

#90 Nonplused on 01.08.21 at 7:08 pm

““Yesterday the president of the United States incited an armed insurrection against America,” Pelosi said at a news conference, adding that Trump posed an ongoing danger to the country.”

He’s gone in 12 days anyway. This is an attack on his legacy and those ideals he holds in common with his supporters like America first, border control, reduced taxes, reduced regulations, etc. The purpose is to discredit these ideas so as to make the more left leaning policies that are coming seem more acceptable.

And my how quickly we forget. Doesn’t anyone remember the inauguration riots in 2017? They weren’t as large and didn’t storm the capital building (because nobody was there) but they did far more property damage.

This looks to me like another example of how good the AI is getting at controlling the narrative. If the left has a protest and it gets out of control and 65 out of a few thousand get arrested it is “a mostly peaceful protest”. If the right has a rally that gets out of control and 65 out of 100’s of thousands of people get arrested it is “an insurrection, an assault on democracy”. Both are equally deplorable to my mind but both didn’t really happen as seen on TV.

Anyway I think it is a good thing that Trump is skipping the inauguration even if his motives are childish. The last thing they need is for it to turn into another MAGA rally. The events on Wednesday indicate that it is a real possibility, and I think we’ve had about enough of that.

But it could happen anyway. As Elon Musk has pointed out, whatever happens will be the most entertaining. The MSM and social media (we should call it the MSMSM) have a solid grip on the narrative and everything they do is for ratings and clicks. “Engagement” as they call it. Since there aren’t any interesting wars going on right now, nothing could be better for them than an America divided and fighting in the streets. Covid was interesting for a while but it’s gotten pretty boring.

It turns out that though thoroughly evil, Goebbels was a genius, and his observations and methods have not been forgotten. I’m betting that every company in the MSMSM has an entire team dedicated to manipulating mass psychology. For ratings, not revolution, but there just the same.

And no, Trump is not going to jail for “inciting an insurrection”, because he did no such thing. More narrative. But he is probably going to a mental hospital. Word is he is beside himself with rage and inconsolable. And at this point I think we can say also delusional.

You just declared that media organizations are employing Nazi methods. You’re losing creds faster than the president you have cheered for daily. – Garth

#91 GeorgeOrwell on 01.08.21 at 7:11 pm

When Twitter bans the President of the United States it means they can ban you. They will ban and unperson anyone who disagrees with the globalist technocrat line.

Huh? – Garth

#92 crowdedelevatorfartz on 01.08.21 at 7:13 pm

I guess Twitter lost its “Twit”….permanently

https://www.cnn.com/2021/01/08/tech/trump-twitter-ban/index.html

#93 TurnerNation on 01.08.21 at 7:14 pm

New kommunist rules coming to Ontariowe on Monday?

Fair comment: I’m now referring to this weblog entry almost daily:
https://www.greaterfool.ca/2020/10/15/virus-porn-2/

What is life like under the Taliban?
I read that weddings seem like funerals – as live music is banned. So is dancing. And pool halls. And cinemas.
Welcome to life in Kanada in my prefecture.
Careful your local Block Captain or Commandant will report you on this.

Wow. Just wow. We lost the war alright.
Not only here, every former First World county is moving lockstep in the total destruction of the Old System.
This is WW3: spending levels, work and the Global CV Protocols. This is life now.
All led by the #s on the Telescreens. As I noted in March 2020.

https://www.hrw.org/report/2020/06/30/you-have-no-right-complain/education-social-restrictions-and-justice-taliban-held

“The most common restrictions include a curfew starting at 9 p.m”

#94 SeeB on 01.08.21 at 7:16 pm

#62 IHCTD9 on 01.08.21 at 5:12 pm

#38 SeeB on 01.08.21 at 3:59 pm
Comrade Premier Horgan’s YVR.

It’s lame dog-whistles like this that keep bringing the idiots to your blog, fyi.
— ——

…and what brings you here homie?

—————————————-

Initially it was financial advice, but seeing so many lies go unchallenged all the time gets annoying. Laugh at me for being “triggered” if you want, it doesn’t matter.

Watching some commenters get the finger-wag from our generous host over calling people names or floating weird conspiracies starts to look a bit hollow when the language of the writing is crafted to bring them in.

I pointed out that disconnect and got a little joke about it back. Jokes as deflection is a very common outcome I get from conservatives and conservative-adjacents, so I’m not really surprised or offended, and don’t see it as a reason to forsake great advice on other matters that has helped me in my life.

Anyway, you asked, I responded, thanks for your time.

#95 Doug t on 01.08.21 at 7:31 pm

81 Vic

Um those are just bricks and mortar – think symbolic lol

#96 Flop... on 01.08.21 at 7:37 pm

My first post appears to have been dispatched into the Bay Of Fundy.

At least everyone now knows why the colour of the water there is brown…

M46BC

#97 leebow on 01.08.21 at 7:54 pm

I always thought that people do know right from wrong, even if they are compelled to do bad things for whatever reason. Exceptions being brain trauma and mental health cases.

Looking at the comments, I must admit that I was wrong.

#98 calgary rip off on 01.08.21 at 7:56 pm

#91 George Orwell: I remember the days before the internet. I was raised by a woman, my mother, who had anger issues. She did a fine job at raising me and I will forever appreciate her efforts.

It is very easy to handle situations and people you dont like or wish you harm and doesnt involve direct confrontation. Ignore them. A much needed skill in this day and age. Filter out irrelevant information. Ultimately what others think of you or want to do to you have no relevance whatsoever. So really if your voice is banned it makes no difference. Keep in mind that most social media in effect is training its users how to think and what to say which affects their thinking. Not good. At any time of course the message needs to be designed for the hearer. Except when there is an intermediate dictating what is acceptable and what is not that is not freedom of speech. I have been banned multiple times on reddit, only for stating opinions, not telling others what they should think or do. Guess what? Social media needs me more than I need them. Instagram, twitter, tik tok are all diseases to be eradicated, driven ultimately by the owners need for money. Im at work enough where I have to play the game of what to say and how to say it. If I need someone to talk to honestly about my feelings, I pray to God. No one else listens. It was like this at 5 years old and will remain this way forever.

Twitter banning of Trump is a very good thing. It removes irrelevant information designed to manipulate. Trump is no different than the Devil, if you believe He exists. Trump used and praised his adherents, and when his image was affected, he threw them all under the bus. By having Trump gone off the airwaves he fades into obscurity. Hopefully the other powers do their job and remove his access to the nuclear codes and orange button as likely if Trump does not have the Twitter outlet he will need more volatile outlets to say “look at me”. The reality is the world just wants to be let alone. People dont care what others do unless they perceive it affects them. Not any different really than the cheetah and the gazelle on the savannah.

I applaud Mr. Turner’s continued over a decade long information about housing, finance, and more.

#99 NFN_NLN on 01.08.21 at 8:03 pm

Stocks will likely go up. That printed money needs to land somewhere. However, once you factor in purchasing power you may find that you’re treading water.

Stocks historically perform better under a divided Congress
https://fortune.com/2020/11/04/stock-market-2020-election-results-divided-congress-house-senate-democrats-republicans-us-economy/

A Biden Victory And Split Congress Is Best For Stocks
https://www.forbes.com/sites/sergeiklebnikov/2020/09/10/a-biden-victory-and-split-congress-is-best-for-stocks-but-heres-what-would-kill-markets-after-election-night/?sh=57b4606724dd

The stock market cares more about the makeup of Congress than it does the winner of the presidency. Here’s why.
https://markets.businessinsider.com/news/stocks/stock-market-impact-president-election-congressional-makeup-democrats-republicans-party-2020-7-1029374181?op=1

Historically, the economy performs better under a split Congress
https://www.cbsnews.com/news/economy-historically-performs-better-under-split-congress-mellody-hobson-says/

#100 crowdedelevatorfartz on 01.08.21 at 8:15 pm

@#94 SeeB
“Jokes as deflection is a very common outcome I get from conservatives and conservative-adjacents….

+++++

I guess that’s why you’re not funny?

I heard that Trudeau tries to tell jokes and he’s horrible at it.
Even his own staff have told him he’s not funny.
Similar problem with most Liberals?
A quick wit escapes them?

#101 Blobby on 01.08.21 at 8:23 pm

#91:

Yes, Twitter can ban anyone, not sure your point there.
And you do realize that Spanky was about as “globalist” as they come? He profited heavily from shipping goods from China, loans from foreign countries, hotels around world, etc?

Yes he started a trade war with China, while playing to his fanbase’s racism to cheer him along.. But Im sure that had nothing to do with him personally owing them money or anything like that.

#102 Wrk.dover on 01.08.21 at 8:31 pm

#228 IHCTD9 on 01.08.21 at 9:11 am
#192 Sara on 01.07.21 at 9:58 pm
Interesting read.

https://www.cbc.ca/news/opinion/opinion-police-response-us-capitol-building-racism-1.5864611\
____

After Kent State, they don’t shoot white boomers.

Too much paperwork.

#103 Sara on 01.08.21 at 8:41 pm

#90 Nonplussed

“This is an attack on his legacy and those ideals he holds in common with his supporters like America first, border control, reduced taxes, reduced regulations, etc. The purpose is to discredit these ideas so as to make the more left leaning policies that are coming seem more acceptable.”

Wow. How can someone so smart with respect to some things, be so far out of touch with respect to others?

#104 Faron on 01.08.21 at 8:51 pm

#99 NFN_NLN on 01.08.21 at 8:03 pm

divided Congress

Under what rock have you been since Wednesday. Congress is no longer divided.

#105 Spectacle ( front row seats) on 01.08.21 at 8:55 pm

Well, my boots on the ground in YVR says ; since china took ant and Alibaba from Jack Mah, nothing is sacred. Getting their money onto safe Canadian real estate soilbis FOGYMOOC ! Fear of getting Your Money Out Of China syndrom. A gery serious threat now, & game changer.

May we livevin interdting times.

Ps: thank you Sir Turner, A Beskon in this Darknes.

#106 Faron on 01.08.21 at 8:55 pm

Poll update for BillyBob

stay: 33
go: 24
fartz: 13
dreamy: 5

N 65

Poll is now closed. Nonplused will be running the numbers through Benfords law using his abacus over the weekend and will report Monday on any fraud. Have a great weekend.

#107 DON on 01.08.21 at 8:56 pm

#23 Whats your … on 01.08.21 at 3:17 pm
#12 Peter McLean on 01.08.21 at 2:54 pm

I have an even better idea. I’m going to take all my money and bury it in my backyard.
——————————————-
address?

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

He’s my neighbour and lives at

666 Elms Street.

His son Freddy will greet you at the door.

#108 Winterpeg on 01.08.21 at 8:58 pm

#87 KLNR: Looks like trump finally got the boot from twitter. wonder what other sewer he’ll use as a pulpit to rally the ‘patriots’?

Tic toc?

#109 Spectacle ( front row seats) on 01.08.21 at 8:59 pm

I inteded that Garth is a Beakon in all of this mayhem.

Sigh… all thumbs & multi tasking.

#110 fishman on 01.08.21 at 9:04 pm

I never saw a disconnect when voting for Comrades Harcourt, Clark & Horgan & at the same time Mulroney,Manning, Harper & now O’Toole. I prefer right wing populists but if their not on the menu I make do with a plateful of left wing populists. I gotta eat but got this allergy to Liberals. They make me upchuck. Comrade Horgan’s real popular out here & if his sawbones did a warranty free job on his heart he’ll be the main course for a long time.

#111 IHCTD9 on 01.08.21 at 9:28 pm

#79 MF on 01.08.21 at 6:23 pm

…Therefore, I predict the opposite to what you said: more success for facebook (and its investors) for years and years to come.
———-

I think FB is slowly going to fade. Little to zero use of Facebook by my Gen Z kids and their peers.

They sure like Snapchat though…

#112 SWL on 01.08.21 at 9:29 pm

Canada’s Political class in morally bankrupt. From the top down no less. And more concerned with TicTok, FB likes and instagram feeds they’ll vote him in again to make sure we are the worlds for post nation state

#113 binky barnes on 01.08.21 at 9:46 pm

Trudeau you $%&&#@ idiot!!

————————————-

Mr. Justin Trudeau is undoubtedly working late into the evening to solve the country’s woes. His searing intellect will get the job done. Nothing–not even a new pair of paisley socks–can distract him from this task.

When Canada establishes its own Mount Rushmore of PMs we can be certain that Mr. Justin Trudeau will be prominent.

BB

#114 Ustabe on 01.08.21 at 9:54 pm

So Thumb Boy and his irrelevant Conservative Party of Canada recently had a page up on the official website. Gone now but enough saw it that the gullible right leaning among us began to chatter on the Internets.

Basically it whined on about how Trudeau was going to use voter fraud, rig the machines, blah, blah to steal the next election in Canada.

To which Elections Canada was forced to respond to the idiots who don’t care to know enough about our system to understand that Elections Canada is totally separate from government. What is called an independent, non-partizan agency.

Anyway, here is the response to US style misinformation campaign catering to the low info voter. This is from the last time, a year or more ago when they tried this same crap.

“Elections Canada does not use Dominion Voting Systems,” the independent, non-partisan agency responsible for conducting federal elections tweeted last year. “We use paper ballots counted by hand in front of scrutineers and have never used voting machines or electronic tabulators to count votes in our 100-year history.”

And a lot of you would have me believe that this man and that party will remotely come close to forming a majority government?

Dream on.

#115 Howard on 01.08.21 at 10:03 pm

DELETED

#116 crowdedelevatorfartz on 01.08.21 at 10:18 pm

@#114 Ustabe
” “We use paper ballots counted by hand in front of scrutineers and have never used voting machines or electronic tabulators to count votes in our 100-year history.””

+++

Aaaand 100 year from Now….Elections Canada will STILL be using paper ballots…..much to Greta’s grandchildrens’ chagrin

#117 Cal Guy on 01.08.21 at 10:26 pm

So let me get this straight – transmission from flights is about 1% (as quoted by Theresa Tam), in school cases is about 6% (as quoted by Deena Hinshaw). So we basically shut down airlines/airports and tell people not to fly, while opening schools again (Alberta/B.C) Seriously people, we have serious issues to deal with. We are not going to have any industries/jobs left after this.

People need to get out and start working/travelling/living life. The gov’t at all levels has failed! Why did they waste time between May until the fall doing nothing. Protect and lockdown long term care homes. Those should have had rapid tests long ago! Vaccine should have been there in mass a few weeks ago. Rapid tests should have been brought into airports long ago with reducing quarantine and allow more activity to take place. We keep hearing time after time from Trudeau “Just wait, just wait, be patient” holiday after holiday has been reduced/cancelled and we keep waiting!! People are far too apathetic and removed from what is going on.

#118 Lorne on 01.08.21 at 10:26 pm

#38 SeeB on 01.08.21 at 3:59 pm
Comrade Premier Horgan’s YVR.

It’s lame dog-whistles like this that keep bringing the idiots to your blog, fyi.

He’s no longer premier? – Garth
……..
Yes, he is ….though labelling him “Comrade” is most disrespectful. Fortunately this is not an opinion held by many as he is the most popular Premier in the country!

https://dailyhive.com/montreal/legault-premier-canada-poll-approval

#119 Nonplused on 01.08.21 at 10:44 pm

“You just declared that media organizations are employing Nazi methods. You’re losing creds faster than the president you have cheered for daily. – Garth”

Psychological methods, my friend. It doesn’t matter who uses them to what purpose they are what they are and they have just as much effect on you as they do on me. Saying that only Nazis use psychological warfare makes about as much sense as saying only Nazis used bombs.

#120 Nonplused on 01.08.21 at 10:46 pm

#103 Sara on 01.08.21 at 8:41 pm
#90 Nonplussed

“This is an attack on his legacy and those ideals he holds in common with his supporters like America first, border control, reduced taxes, reduced regulations, etc. The purpose is to discredit these ideas so as to make the more left leaning policies that are coming seem more acceptable.”

Wow. How can someone so smart with respect to some things, be so far out of touch with respect to others?

————————–

Who shall be the arbiter of such things? You?

#121 Tron Light on 01.08.21 at 10:51 pm

#74 cuke and tomato picker on 01.08.21 at 5:42 pm

“It’s great that those who stormed the capital are going
to have to face the consequences in court.”

As it should be and the same thing should have happened to all those BLM, Antifa rioters as well, although, I haven’t heard anything about that.

#122 Diamond Dog on 01.08.21 at 11:00 pm

Trump’s Georgia election rigging efforts and riot rally spectacle took all the oxygen in the room this week, but not to be outdone is the virus. The U.S. just had it’s worst daily pandemic numbers back to back to back.

Wednesday 261,000 cases, 4100 dead.
Thursday 281,000 cases, 4245 dead.
Friday 301,000 cases, 3900 dead.

The last 3 dailies annualized, we don’t want to know. The macroeconomics of this thing is 840,000 people just got 3 to 4 weeks or more off from life in the last 3 days in the USA and hospitalizations will continue to climb. Lets hope this is a holiday blip and next week normalizes but these are bad numbers.

More than 1 in 3 confirmed cases world wide are coming from the U.S. now. How bad is it really in the U.S.? 6.76% of the U.S. population has tested positive for Covid19. Only 3 tiny nations in the world have a higher per capita percentage of confirmed cases. That’s high end leadership results right there…

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

Just when we think it can’t get worse:

https://www.cnbc.com/2021/01/08/twitter-permanently-suspends-trumps-account.html

“Twitter said it feared Trump’s most recent tweets were being interpreted as supporting the rioters and that plans for future armed protests had already been proliferating both on and off the platform, including a proposed attack on the U.S. Capitol and state capitol buildings on Jan. 17.” – CNBC

#123 Fortune500 on 01.08.21 at 11:29 pm

As long as by recency bias you mean 20 years … or an adult life time.

#124 Ustabe on 01.08.21 at 11:30 pm

Mea Culpa:

Found the page on the archive and re-read the original site’s analysis. Yes, the voting machines thing was from last year. The page in question today, however, only talked about Trudeau’s rigging the election via pre-writ spending regulations. Something all parties must adhere to although the current party sitting as government can certainly benefit.

The writer conflated the two without bothering to make clear which was what.

Still, injecting Trump style walk-able misstatements into our politics is preying on the ill-educated or willfully ignorant. If that is what the CPC wants then so be it.

#125 Unhinged Trader on 01.08.21 at 11:37 pm

@Garth
>How much did his properties and businesses such as the Washington hotel, profit from his tenure as president? – Garth

Careful Garth, spreading conspiracy theories will get you banned from Twitter probably designated as a domestic terrorist.

#126 ulsterman on 01.08.21 at 11:41 pm

Been reading various real estate blogs for way too long – 15 years. Now an infrequent visitor. My takeaway. No matter how smart and well thought out the reasons for the real estate bubble popping are, for the last 20 years it’s gone up. There’s been the odd hiccup, but it’s usually a “pause” or maybe a 10% decline. Every economic shock or policy change by government that is SURE to end the party, just…hasn’t.

Stop trying to time the market, guess interest rate rises etc and buy a place to live in. With your 1.6% mortgage you’ll be paying a big chunk towards principal and a little in interest. If you have money left over invest in a few low MER ETF’s and get on with your life. 25 years later you’ll be sitting on a paid-off place and a decent investment pot.

#127 Sail Away on 01.08.21 at 11:47 pm

#73 Faron on 01.08.21 at 5:41 pm

My interpretation is that you think nothing is black nor white

————-

Yes, that is correct. There are six sides to every story, all of them wrong.

But… and here’s the important part: as soon as public order and law-abiding citizens are damaged, disrupted, or harmed by protest actions, immediate and appropriate counter action must be taken. This applies to the idiots in DC. It applies equally to the CHAZ/CHOP idiots and the ones who blockaded railroads here.

That said, the country’s elected officials must be protected completely. In my opinion, if the police had machine-gunned every last jackass walking into the capitol building, it would have been justified. As it was, the police weren’t set up to do that, so acted with discretion.

Every elected official represents thousands or millions of individual voices. Anybody threatening elected officials is threatening all of those.

Talk to Macron and get some of his guillotines. You’ll find me off to the side hawking overpriced refreshments to spectators.

#128 Victor Maitland on 01.08.21 at 11:51 pm

As a conservative, I have another reason to be relieved that Trump and his brand are finally discredited beyond repair. One I have not seen discussed yet. Right wingers never had a monopoly on extremist lunacy, it only seems that way because the antics of Trump and his supporters have dominated the airwaves and the Internetz for the past half decade.

We will soon be reminded that just as many extremist crackpots inhabit the other end of the spectrum, and that mainstream progressive and self-described centrist politicians – including many right here in Canada – are more than happy to milk their fears for votes. (“Hidden agenda” anyone?). They have that in common with the spineless Republicans who acquiesced to Trump Nation.

#129 Elon Fanboy on 01.09.21 at 1:23 am

Chilling.

Massive purge of conservative voices across multiple social media platforms today. Outside of Trump, the biggest being a Facebook group of ex-liberals, 500,000 members, just deleted, no reason given.

Twitter’s justification for Trump’s ban is pure Orwellian, based on just 2 tweets.

To quote Twitter…” these two Tweets must be read in the context of broader events in the country and the ways in which the President’s statements can be mobilized by different audiences”.

———-

So Unregulated Big tech social media now ‘interprets’ the thoughts of a person to determine their violation…and by extension gets to define ‘subversive’ activity.

I’m no Trump fan, I’m more of a Libertarian, but if you support this type of mass censorship of the opposition you might wanna look up the def of Fascism, which is what Trump was always of accused of.

#130 NSNG on 01.09.21 at 2:43 am

DELETED

#131 Ponzius Pilatus on 01.09.21 at 2:45 am

A rioter was fired for wearing a company batch during the invasion of the Congress.
I did not know that “Proud Boys” was a company.
Maybe Sailo can explain.

#132 Ponzius Pilatus on 01.09.21 at 2:51 am

100 crowdedelevatorfartz on 01.08.21 at 8:15 pm
@#94 SeeB
“Jokes as deflection is a very common outcome I get from conservatives and conservative-adjacents….

+++++

I guess that’s why you’re not funny?

I heard that Trudeau tries to tell jokes and he’s horrible at it.
Even his own staff have told him he’s not funny.
Similar problem with most Liberals?
A quick wit escapes them?
——————————
Talking about wit:
Harper always had me in stitches.
And his sweaters were hilarious.

#133 Stan Brooks on 01.09.21 at 4:45 am

BANNED

#134 Under the radar on 01.09.21 at 5:32 am

Prices in the core are not low enough to makes sense and likely never will be for me as an investor. With the double land transfer tax , the hst hit and then commission when you sell and then capital gains , you need to hit a home run which isn’t happening when prices soften by 20%. That only gets you back to where you started.

#135 BillyBob on 01.09.21 at 5:37 am

#90 Nonplused on 01.08.21 at 7:08 pm

It turns out that though thoroughly evil, Goebbels was a genius, and his observations and methods have not been forgotten. I’m betting that every company in the MSMSM has an entire team dedicated to manipulating mass psychology. For ratings, not revolution, but there just the same.

—-

You just declared that media organizations are employing Nazi methods. You’re losing creds faster than the president you have cheered for daily. – Garth

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

The comment went to agendas and manipulation, there’s nothing particularly sensational about it referencing the Nazis. Nonplused is quite correct in this instance.

Advertisers have employed behavioural psychologists for decades. Social media companies employ neuroscientists and conduct incredibly detailed studies of how people use their platforms (with data freely offered by the users). News? There’s a reason they call it “programming”.

All in order to increase engagement and steer behaviour. Whether to buy something or believe something. So yes, the techniques are the same as in the late 1930’s: control the media, publish the message you wish people to believe. Only, with the power of unfathomably large datasets and AI behind them now. On platforms “too big to leave”.

The Nazis could only dream.

#136 crowdedelevatorfartz on 01.09.21 at 6:50 am

@#94 SeeB

Please refer to comment #113.

Jokes from a “Conservative-adjacent ” targeting Trudeau that were very well done.

Short, biting, “compliments” that were actually insults.
Sarcasm as wit.
Study up.
There will be a test during next weeks “Triggered Class” in Political Correctness at school.
After the test there will be a short film on Venezuelan Socialist Dictators and what type of Rolex watches they should wear when addressing the starving proletariat.

#137 Diamond Dog on 01.09.21 at 9:16 am

#115 Victor Maitland on 01.08.21 at 11:51 pm
#122 BillyBob on 01.09.21 at 5:37 am
#90 Nonplused on 01.08.21 at 7:08 pm

Y’all realize that Trump, Roger Stone, Mike Flynn and other political enablers, these individuals have worked hard to organize this rally near the capitol building with the intent on turning this crowd toward the capitol building itself. Notable invited dignitaries identified themselves with banners and such:

https://www.cnn.com/2021/01/09/us/capitol-hill-insurrection-extremist-flags-soh/index.html

More than 50 injured cops… 5 dead… lets see, one protester shot, one trampled, one stroked himself, one heart attack and a cop got his dome stoved in with a fire extinguisher, he didn’t know he was dead until his concussion caught up with him back at the police department. Just the usual riot stuff that happens at a capitol building once every 200 years and, it could have been worse. The protest could have been armed.

Interestingly, Trump was praising the rioters during the throws of the riot itself. His advisers asked him to send in the national guard to which, after speaking to the same crowd that same morning, and we know how well Trump is with crowd sizes, decided that the police can handle it. That ended, well…

This is Trump’s riot rally just hours before encouraging a riot on the literal institution of the rule of law from our “law and order” president:

https://www.youtube.com/watch?v=9vMXOO34JGk&t=1506s

Fast forward to twitter account bans on same said individual rabble rousers for speaking in code to armed protest chatter and, well… maybe readers will get the point as to why twitter is shutting down these accounts.

https://www.cnbc.com/2021/01/08/twitter-permanently-suspends-trumps-account.html

Perhaps too, even the most biased of Trump supporters will finally understand why Trump is still a clear and present danger to the USA, and why Trump is being impeached on one charge of “insurrection”.

https://www.cnn.com/2021/01/08/us/online-extremism-inauguration-capitol-invs/index.html

“Sometimes what I do to get rid of the noise and personal bias is filter out who is saying it and just concentrate on what’s being said, along with the events that follow”. Not all that difficult to imagine these words come out of a prosecutors lips, is it. It’s a great way to get rid of the bias and just look at cause and effect to judge from there. Imagine being a juror shown a rally speech in type and to focus not on who said it, but what’s being said. Then the juror is shown how the organized rally filled with extremist groups led to a riot where people get injured and killed and asked to render a verdict from there.

If you or I or anyone spilled out the words that came out of Trump’s mouth, it’s 15 years to life without parole. This isn’t just indictable, its easily prosecutable and that’s why Trump has to go. No nation can have a guy like this sitting in public office even for one day or it escalates, as it is right now. Social media chatter of armed protests, that’s how it escalates, that shit is real and because of it, Trump is a dog that needs to be put down from public life.

https://www.cnn.com/2021/01/08/us/online-extremism-inauguration-capitol-invs/index.html

It’s way past partisan politics now, you feel me? Only the dark side of the human soul wants more escalation now, so why would we even remotely try to defend this?

#138 Randy on 01.09.21 at 9:31 am

100% wrong about what is going to happen in the next year….Get Ready…

#139 KLNR on 01.09.21 at 9:36 am

@#129 Elon Fanboy on 01.09.21 at 1:23 am
Chilling.

Massive purge of conservative voices across multiple social media platforms today. Outside of Trump, the biggest being a Facebook group of ex-liberals, 500,000 members, just deleted, no reason given.

Twitter’s justification for Trump’s ban is pure Orwellian, based on just 2 tweets.

To quote Twitter…” these two Tweets must be read in the context of broader events in the country and the ways in which the President’s statements can be mobilized by different audiences”.

———-

So Unregulated Big tech social media now ‘interprets’ the thoughts of a person to determine their violation…and by extension gets to define ‘subversive’ activity.

I’m no Trump fan, I’m more of a Libertarian, but if you support this type of mass censorship of the opposition you might wanna look up the def of Fascism, which is what Trump was always of accused of.

the rules and regs for those social media platforms are really clear and straightforward. Only thing you could accuse them of is not getting rid of him much much earlier. obviously he was generating a ton of traffic/$$$ for them.

#140 IHCTD9 on 01.09.21 at 9:44 am

#122 ulsterman on 01.08.21 at 11:41 pm
Been reading various real estate blogs for way too long – 15 years. Now an infrequent visitor. My takeaway. No matter how smart and well thought out the reasons for the real estate bubble popping are, for the last 20 years it’s gone up. There’s been the odd hiccup, but it’s usually a “pause” or maybe a 10% decline. Every economic shock or policy change by government that is SURE to end the party, just…hasn’t.

Stop trying to time the market, guess interest rate rises etc and buy a place to live in. With your 1.6% mortgage you’ll be paying a big chunk towards principal and a little in interest. If you have money left over invest in a few low MER ETF’s and get on with your life. 25 years later you’ll be sitting on a paid-off place and a decent investment pot.
———

I agree, unless you plan to do a Hail Mary on a 7 figure ho hum sfd in Toronto. Great time to buy an affordable house somewhere else, bad time to Max yourself out – real bad.

Stupid low rates caused this, they’ve been dropping for the same 20 years that housing has gone up. With low rates and skyrocketing RE prices, all kinds of other things join in after a while. Speculation, foreign investment, FOMO, Mania. We have all of these in play now, but the root cause is dirt cheap money.

RE has hit the point where folks are exiting hcol areas in droves. The RE money, and big city incomes are getting sloshed all over the country. Maybe wfh will remain. Maybe Socks will spend inflation into being again. Way too many balls in the air. Maxing out on RE is fraught with peril, and this too has not, and will not change for those going “all-in” to buy a house.

#141 Penny Henny on 01.09.21 at 10:15 am

#33 Faron on 01.08.21 at 3:43 pm
#18 Sail Away on 01.08.21 at 3:08 pm

#9 Sail Away on 01.08.21 at 2:48 pm
Demons and angels, black and white.

To flip it around, SA, what does it take for one to discount angelic acts and respond to someone as a demon? I’m sure even the world’s worst actors helped an old lady across the street now and then. Does that mean they should be defended for their anglic-ness?

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

Faron your example made me think of environmentalists who fly all over the world but buy carbon credits to atone for their sins.

Never mind replying cause Garth says I reads badly.

#142 Sail Away on 01.09.21 at 10:23 am

#73 Faron on 01.08.21 at 5:41 pm

…at some point enough bad piles up and you have to get off the continuum and make a discrete call. At risk of picking a scab, you certainly did this summer in condemning CHAZ/CHOP, no? Even Andy Ngo praised the treatment he received from the occupiers by day and there are numerous documented instances of some good having been done, thus the occupation lied on a the continuum.

————-

Yes, let’s discuss CHAZ.

Ngo praised his treatment? Hardly. Mainly, he wasn’t assaulted again with caustic chemicals thrown in his face, something you have twice now referred to as a ‘milkshake’. Would sulphuric acid be ‘lemonade’?

And what good came of the occupation? It disrupted businesses, destroyed public property, denied people recourse to police protection… and in very short order degenerated into open assaults, roving armed gangs, numerous shootings, rapes and killings and was justifiably shut down. And resulted in a fantastic police chief retiring early due to egregious non-support by the city.

Actually, some good did come of it: it was an excellent cautionary tale… and it killed the movement. Thankfully. Bunch of jackasses.

#143 IHCTD9 on 01.09.21 at 10:25 am

Musk now the richest person in the world.

You can read about it in CBC’s “Kids News” section (???)

#144 NSNG on 01.09.21 at 10:29 am

I just realized the reason for my DELETE might have been my jab at Pelosi. For that, I apologize and I’ll try this again (I better pull the Bush one too :D)

Pelosi is not terrified because Trump has access to the nuclear codes, Pelosi is terrified that he has the authority to declassify information.

#145 crowdedelevatorfartz on 01.09.21 at 10:30 am

@#131 Perturbed Ponzie
“A rioter was fired for wearing a company batch during the invasion of the Congress.”

+++++

You’re slipping Ponzie. That took 2 seconds to google.
Oddly enough.
Yes company’s do take a dim view of their employees wearing company logo’s when storming the gates of democracy…. ( that was sarcasm Ponz in case your lack of humor had you confused)…

https://www.nbcwashington.com/news/local/maryland-company-fires-employee-who-stormed-capitol-wearing-badge/2533568/

#146 Penny Henny on 01.09.21 at 10:30 am

#74 cuke and tomato picker on 01.08.21 at 5:42 pm
It’s great that those who stormed the capital are going
to have to face the consequences in court. They can pick them off by video just like those rioters in Vancouver on
June 15th 2011.
////////

They should have worn their masks.

#147 Penny Henny on 01.09.21 at 10:34 am

#79 MF on 01.08.21 at 6:23 pm

Facebook a “glorified ad agency”?

I don’t know about you, but whatever i do with my spouse, a minimum of 30% of time must be allocated to photo taking and selfies …all destined for social media.
/////

I feel so sorry for you.

#148 Sail Away on 01.09.21 at 10:36 am

#143 IHCTD9 on 01.09.21 at 10:25 am

Musk now the richest person in the world.

————

Elon and I have a combined net worth of $185B.

#149 Dharma Bum on 01.09.21 at 10:44 am

Ford is really starting to lose it, man.

He’s like a wide eyed deer in the headlights.

A little panic stricken.

He should explode pretty soon. (That fat head is expanding rapidly.)

The more he tries to shut us down, the higher the COVID cases get.

https://www.cbc.ca/news/canada/toronto/covid-19-ontario-january-7-2021-record-cases-deaths-1.5864479

It’s like struggling in quicksand. The more you squirm and flail, the faster you go under. (I Know. I watched a lot of Tarzan movies as a kid!)

Doesn’t Ford comprehend that NOTHING you do, more than what is already being done (masks, distancing, shutdowns, no restaurants, no weddings/funerals, sports, concerts, clubs, brothels, non-essential shopping, etc.), is going to eliminate the virus spread?

He has to realize that the virus isn’t going away until every last humanoid cretin walking around in Ontario is vaccinated.

So concentrate on getting more vaccines and rolling them out faster and more efficiently, rather than harping on tighter lock downs and curfews.

Nothing is going to change until medical science and chemical intervention is applied. Closing businesses does not prevent COVID.

What are ya? NEW? Jeez.

VAX up now.

We will be in this situation for at least 18 more months.

#150 Victor Maitland on 01.09.21 at 11:07 am

Diamond Dog, why address me in your post? I’m 100% in agreement with you. Trump is an unhinged autocrat who emboldened right wing extremists in a way that can only be described criminal. I’ve been unequivical on that.

#151 Regjeg on 01.09.21 at 12:01 pm

Looking forward to the time when all platforms of mainstream, social, civil, or uncivil media aren’t saturated with any and every thing Trump.

#152 Elon Fanboy on 01.09.21 at 12:43 pm

#139 KLNR “ the rules and regs for those social media platforms are really clear and straightforward.

Nope, they’re not. Twitter has admitted they now get to interpret posts and define what they consider subversive. No where is Trump’s 2 tweets that got him banned did he call for any kind of violence or uprising.

Why is this Tweet from Iran’s Supreme leader calling for genocide still up?

https://twitter.com/khamenei_ir/status/1003332853525110784?s=21

There was no reason given for the deletion of a conservative Facebook group with half a million members.

This is a mass purge of conservative voices by liberal controlled social media.

Reminds me of Reagan’s quote :-

‘If Fascism Ever Comes to America, It Will Come in the Name of Liberalism’.

#153 Blog Bunny on 01.09.21 at 1:04 pm

You just declared that media organizations are employing Nazi methods. You’re losing creds faster than the president you have cheered for daily. – Garth

Garth, I would go further. The media are the image of the beast from the Apocalypse. Their goal is to control how we think and cause as much depravity in society as possible. Everything they do and show us is a blasphemy t God. I threw away my TV a long time ago.

#154 Kerry Laufter on 01.09.21 at 1:19 pm

Garth, what about the central banks Bank of Canada, US Federal Reserve, Bank of England, ECB, Bank of Australia, Bank of Japan etc. etc.?

Garth, they are not in control of interest rates? They have been cutting rates or keeping them at lower levels for decades, since mid 1995 since I remember.

Garth, I think you know we are in real deep trouble and you don’t want to panic people or you are hoping that what you know is coming is wrong and don’t want to say anything or believe it will happen in Canada, US etc.

It looks to me all the new rules, laws, voting fraud, lies from media, trillions every quarter money printing, massive government debt and taxes, inflation, money devaluation, is what 3rd world, banana republic governments do. Garbage in, Garbage out. This is what you will get.

#155 IHCTD9 on 01.09.21 at 1:35 pm

#148 Sail Away on 01.09.21 at 10:36 am
#143 IHCTD9 on 01.09.21 at 10:25 am

Musk now the richest person in the world.

————

Elon and I have a combined net worth of $185B.

— ——-

TESLA’s market cap is almost 190 grand for every car they’ve ever produced.

The millennials are going to make us all rich!

#156 KLNR on 01.09.21 at 1:42 pm

@#153 Blog Bunny on 01.09.21 at 1:04 pm
You just declared that media organizations are employing Nazi methods. You’re losing creds faster than the president you have cheered for daily. – Garth

Garth, I would go further. The media are the image of the beast from the Apocalypse. Their goal is to control how we think and cause as much depravity in society as possible. Everything they do and show us is a blasphemy t God. I threw away my TV a long time ago.

Bwahahaha, you traded in your TV for blog comments sections? Better conspiracy theories eh. why are some of the god fearing people always the craziest.

#157 Mike from Canmore on 01.09.21 at 1:58 pm

#114 ustabe
“Elections Canada does not use Dominion Voting Systems,” the independent, non-partisan agency responsible for conducting federal elections tweeted last year. “We use paper ballots counted by hand in front of scrutineers and have never used voting machines or electronic tabulators to count votes in our 100-year history.”

Interesting. The last 2 elections I voted in for provincial and city, I was handed a paper ballot, filled in the circle who I chose and then walked over to a person who scanned it through a scanner. I was standing right there watching. I asked that’s it? You just scan them? The person replied yes. So we may get paper ballots but the ones in my district were definitely scanned for everyone.

#158 KLNR on 01.09.21 at 3:22 pm

@#157 Mike from Canmore on 01.09.21 at 1:58 pm
#114 ustabe
“Elections Canada does not use Dominion Voting Systems,” the independent, non-partisan agency responsible for conducting federal elections tweeted last year. “We use paper ballots counted by hand in front of scrutineers and have never used voting machines or electronic tabulators to count votes in our 100-year history.”

Interesting. The last 2 elections I voted in for provincial and city, I was handed a paper ballot, filled in the circle who I chose and then walked over to a person who scanned it through a scanner. I was standing right there watching. I asked that’s it? You just scan them? The person replied yes. So we may get paper ballots but the ones in my district were definitely scanned for everyone.

hmm, always paper for me, always dropped in a box.

#159 Lorne on 01.09.21 at 3:53 pm

#157 Mike from Canmore on 01.09.21 at 1:58 pm
#114 ustabe
“Elections Canada does not use Dominion Voting Systems,” the independent, non-partisan agency responsible for conducting federal elections tweeted last year. “We use paper ballots counted by hand in front of scrutineers and have never used voting machines or electronic tabulators to count votes in our 100-year history.”

Interesting. The last 2 elections I voted in for provincial and city, I was handed a paper ballot, filled in the circle who I chose and then walked over to a person who scanned it through a scanner. I was standing right there watching. I asked that’s it? You just scan them? The person replied yes. So we may get paper ballots but the ones in my district were definitely scanned for everyone.
……………
If so, very easy to conduct a recount, if necessary, with all the votes on paper ballots.

#160 Diamond Dog on 01.09.21 at 5:45 pm

#128 Victor Maitland on 01.08.21 at 11:51 pm

At second glance, I might have agreed with you but still have to disagree. It’s not about left or right or brands, it’s obviousness is not hidden, the extremism pendulum really has swung too far one way in this snap shot in time, it didn’t happen overnight and it will take a while for that pendulum to cross the center once again.

“Right wingers never had a monopoly on extremist lunacy, it only seems that way because the antics of Trump and his supporters have dominated the airwaves and the Internetz for the past half decade.

We will soon be reminded that just as many extremist crackpots inhabit the other end of the spectrum, and that mainstream progressive and self-described centrist politicians – including many right here in Canada – are more than happy to milk their fears for votes. (“Hidden agenda” anyone?). They have that in common with the spineless Republicans who acquiesced to Trump Nation.” – VM

You are almost going to think I make your point for you. Historically speaking, when we watch the video below, what do we see? That over time each party will take the exact opposite argument, that the goal posts will change, expectations change, leaders change, the meanings of brands and their priorities change, its all in a constant state of flux but the themes are immortal:

https://www.youtube.com/watch?v=gCG52EeOv38

In this moment of time, I just don’t see the same parity of extremism with left and right or Dem/Rep, its not the same at all. People who discriminate and are more prone to violence against others really do gravitate more to one side of the political spectrum than the other and it didn’t happen overnight.

How can I best put this… politics used to be a constant struggle between power struggles within the classes and between classes and human rights and over the decades, its become much more focused on money. The arguments have become more refined and at the same time, rely on long and short memories.

What’s changed now in this age specifically, is its less about money in some contexts and more about culture wars and populism, “us vs them” wedge politics. We’re seeing it spill out through forms of discrimination specifically at the highest levels of leadership.

We are seeing mainstream political parties do the math and exploit the character weaknesses within the masses sector by sector to shore up their path to power, whether its encouraging hate or anti-immigrant policies or racism or religion or America first or health and education, income, pick an example where people are lost in supremacy/inferiority and its there to exploit:

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

And I’m saying that in this snap shot in time, I disagree with you. One side really does have a monopoly on crazy and it is Trumpism because it is highly discriminatory and the moment you suggested the political opposition is no different, that got my attention because it is different.

It’s already too long a post, I know it, apologies to readers more suited to twitter but politics is embroiled in themes as thick and rich as the themes of religion, health, protection and the simplicity of right and wrong and this week especially so, leadership.

It’s corny to say it on a blog like this, but on one hand we’ve got equality that can’t be achieved without love which is dependent on forgiveness that relies on unity which can only hold together with truth. They are intertwined, inseparable. Equality, love, forgiveness, oneness, truth, without these virtues we can’t have peace.

We can’t have peace because the opposites of virtue, inequality (discrimination), hatred, grudges, division and lies lead only to war and we can see through history who is at peace and who is at war quite easily as those who are peace are out to help others better themselves voluntarily without conditions, they serve like it’s their second nature… while those who are war are self serving and conflicted. We can spot those in conflict a mile away, they are always either beating themselves up or looking for a fight.

True leaders, not posers and impostors like Trump so obviously filled with conflict but true Alphas, they aren’t out to preserve a brand. Brands come and go and their meanings can change as quickly as the winds behind the drifting sands of time. No, true Alpha’s are out to preserve what can’t be erased or hidden and that’s the eternal sets of virtues, their ideals and their ways of life that in every way lead to peace.

#161 Anonymous on 01.09.21 at 10:33 pm

“Your friends, neighbours and WFH co-workers are making two assumptions:

(a) Houses will always go up. The more they inflate, the more FOMO. And,
(b) Mortgages will always stay down”

You’re forgetting assumption (c): the government, any future government, will not let people lose their house. No matter what it takes…