Muddled

In a moment, more taxes. First, common sense.

Stocks markets flared higher again Wednesday as bond yields sank. The US 10-year Treasury yield has plopped to just 1.3% after it leapt to 1.75% in March. Bond yields go down and bond prices go up when investors think things might get squirrelly and fixed income is a safe place to hide. Is that what this means?

And as yields tank, techs soar. The work-from-home stocks like Apple and Amazon have swollen mightily in the last few days, dragging indices higher. Recently a correlation has developed between the FAANGs (Google it) and the cost of money. When bond yields topple, techs surge. Also of note, when bonds go up, banks go down. Lower yields hurt profitability, so the financials have been in retreat.

What does this mean? After all, with vaccination rates blossoming, pandemic restrictions ending, airplanes flying again and borders less hard, the recent buzz has been about the ‘reopening trade’ and oodles of inflation as the service sector comes alive again.

Well, not so fast. Seems we have a massive labour problem – as in, not enough of it. There are millions more jobs available in the US right now than workers who want them. In Canada government largesse, CERB and the son-of-CERB are being blamed for restaurants, food processors, farms, manufacturing plants, tourism operators, hair salons and retailers unable to staff up.

Meanwhile a new federal consumer survey reports that four in ten Canadians currently are not in the workplace never want to go back. This runs counter to what most employers expect (and may demand), so it looks like there’s one big battle about to take place. More pressure on productivity.

Wow. Jobs going begging. Bosses hamstrung and snubbed. Employees rebelling. Offices and workplaces hauntingly empty. A nation of people in sweatpants, sleeping in and walking the pooch whenever they feel like it. It’s got markets second-guessing the reopening euphoria, pushing the pause button on yields and inflation and making Bezos even wealthier. That ‘rotation’ from tech to value companies (like the banks) has just painfully rotated back.

The question: should you care? Is this a thing? Do you need to chase it?

Nah. Of course not. The point of having a B&D portfolios is that you need not scurry after anything. If you own some bonds, they just got more valuable. If you have ETFs holding the broad market, the surging tech stocks have pulled everything up. Good. Preferreds and real estate investment trusts get shellacked like always when yields fall and people refuse to go to the office, but we know this is a temporary hissyfit. The point of investing is to achieve two goals: (a) don’t lose money and (b) make a reasonable rate of return.

Common sense tells us to stay the course. GDP growth will be epic in the rest of 2021 and next year. Corporate profits are expected to be 40% to 50% higher than year-ago levels. Central banks remain accommodative and in Canada we’re about to go into a federal election in which the government party has absolutely no fiscal discipline meaning everyone gets a puppy. Or a pony. Your choice.

Stay balanced. Keep globally invested. And remain diversified.

Now, a few words on poor Toronto where a detached house costs $1.75 million (on average) and there is currently the highest apartment vacancy rate in 50 years. So what are the local politicians going to do in a city where so few people without houses can afford one? Yup, tax them more.

Aping the lefties who run BC and its largest city, Toronto will have an empty house tax in a few months. Anyone who doesn’t sleep at least 184 times each year in the same bed will see it taxed at 1% of assessed value (and assessment are about to explode after a two-year hiatus). The impetus for this (city hall says) is to free up more rental accommodation and make real estate affordable.

Of course, there are tens of thousands of empty units already on the rental market which are (thanks to Covid) unoccupied. The vacancy rate was 1% before he pandemic and now it’s close to 6%. Rents last year cratered 20% and still haven’t recovered. So the ‘empty house’ tax is just a tax grab. It’s a whack against amateur landlords who already have been chewed up by provincial legislation banning evictions and had no recourse to the tenant-LL tribunal.

Will the tax put more rental units on the market? Nope. Unlikely. But it’ll probably cause many investors to sell tenantless condos, reducing available stock. Yes, fewer places for lease. A lower vacancy rate as the city revives in the coming months. Upward pressure on rents. And a tax making everything worse.

By the way, most of these local pols also want an enhanced land transfer tax imposed on houses selling for more than $2 million. Already that tax amounts to $72,950. For nothing. (I remember building my first house for less than that.) Now that the average detached is almost $1.8 million, boosting this gouging tax further would – in the eyes of realtors (of course) and the CD Howe Institute (right-wingers) – cause fewer people to buy, or move or put their current homes up for sale. Yup, tighter market conditions. More price pressure.

Math is hard. Getting elected is not.

About the picture: “Felixx badly cut his leg on broken glass,” Geoff writes. “His owners were either unwilling or unable to pay for the surgery and dropped him at the local humane society.  We fostered him after the operation to get him healthy enough to adopt.  After foster care he was immediately adopted and is now a therapy dog.  The photo is his first foster day with us post operation.”

133 comments ↓

#1 Dogman01 on 07.07.21 at 2:43 pm

#73 Kaiser on 07.07.21 at 12:15 am

“with a T2 majority incoming, will government policy change? (it wouldn’t change if the “other guys” got in either).”

I agree with you, Red Tie or Blue tie the basic dynamic cannot change.

Printing money creates Inflation and they want Inflation. They will under-report it.
Inflation destroys wages and that will make the population dependent and powerless.

Based on the vivid prose of Smoking Man years ago I realized; We are on a Farm, there are Farmers and there are Animals. The Animals are under the illusion that the Farmers are looking after their best Interests.

They know exactly what they are doing, they know who it will benefit and they know who it will hurt, they know with Globalization, AI, Automation and massive world population that there will be winners and losers and they know which side they are on.
This is why they are dividing the population with “Identity” , increasing surveillance and censorship, it is a take down.

The Ladder is being pulled up for the masses of Canadian especially Young Canadians whom do not have family wealth and are dependent on Wages.

“At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may even find profit in the fluctuations of values; but the wage earner – the first to be injured by a depreciated currency (inflation) – is practically defenseless. He relies for work upon the ventures of confident and contented capital. This failing him, his condition is without alleviation, for he can neither prey on the misfortunes of others nor hoard his labour.” – Grover Clevland 1837

#2 Rainman on 07.07.21 at 2:51 pm

It really seems they will never allow RE to crater. Just go with it.

#3 espressobob on 07.07.21 at 2:53 pm

Investing with a global all cap by market cap approach proves to be the benchmark many professional fund managers try to outperform.

Most fail big time while punishing unit holders with exorbitant fees. Bummer.

Homework pays…

#4 ElGatoNerodeYVR on 07.07.21 at 2:57 pm

Well ,if it wasn’t clear before it is clear now that our city leaders and planners all around the country have learned their trade on Simcity with disaster mode off plus a hack to prevent the residents to revolt from high taxes and are bravely marching towards arcology .
If the real world would work the same they would be geniuses, since it doesn’t we already know where it will lead.

#5 604Sam on 07.07.21 at 3:01 pm

If you can’t afford surgery on a dog you can’t afford a dog.

#6 TurnerNation on 07.07.21 at 3:07 pm

This weblog saying things are going back to normal? Nope.
Not till 2022-23 or even 2025 – as I’ve opined for a while now. I’d not be surprised if Indoor Dining is disallowed in Ontariowe until then.

I heard the York Region municipal employees are delayed back to the office, Jan 2022 now.


–Zoo trip?
Yes the Zoo says you can get the animals sick (I’d like to see those studies).
No fun allowed in Kanada. The CV Protocols are the new national religion.

-“Masks, barriers and timed tickets, oh my!: Zoos begin reopening to the public”
https://i.redd.it/bi3iirv5va971.jpg
https://www.ctvnews.ca/health/coronavirus/masks-barriers-and-timed-tickets-oh-my-zoos-begin-reopening-to-the-public-1.5480638

— Roller coaster ride? Line up and your local Hygene Camp inspector might allow you some brief fun. For a fee. Plus a CV cleaning Fee – Btw the CDC has said that surface transfer risk is next to nothing. Science is different up here.

https://www.thestar.com/news/gta/2021/07/06/canadas-wonderland-calls-reopening-successful-despite-complaints-about-long-lines-covid-19-protocols.html
“Those who attended said wait times were longer than usual, with rides being cleaned frequently because of COVID-19.
One Reddit user said, “Rides are social distanced so only 25% seats are open. For some rides, over 5 meters of distancing. On the other hand, wait lines are JAM PACKED with hours of wait time and no social distancing whatsoever.””


— Summer camp for Children? Ride the mobile hospital bus to fun.
Never forget, in the New System you have not rights to be healthy.

https://twitter.com/chillie2/status/1411749655248093188
“Apparently we now PCR test kids in McDonald’s parking lots prior to them getting on a bus to go to summer camp…
Once the kids were tested they were given a pinney, a surgical mask, and a shield to put on in 25 degree heat.”

“My 12 yo went to camp today. Proof of neg PCR within the week before camp required + rapid antigen test at the gates. No masks while in “cohorts” but must wear masks if passing by other campers. She really wanted to go and is thrilled to water ski all month, policies ludicrous.”
———

#7 Dirty Dan on 07.07.21 at 3:09 pm

> Meanwhile a new federal consumer survey reports that four in ten Canadians currently are not in the workplace never want to go back.

Insufficient information. Are these mostly millennials that don’t WANT to go back but ultimately will, or elderly people that decided this was the sign they were looking for to retire.

#8 SunShowers on 07.07.21 at 3:12 pm

Sounds like restaurants, food processors, farms, manufacturing plants, tourism operators, hair salons and retailers need to raise the wages they’re offering.

CERB is below minimum wage in every province and territory except MB, SK, and NB. If your business can’t compete with that, maybe your business sucks and you should just pack it in.

#9 Sail Away on 07.07.21 at 3:21 pm

#117 Ustabe on 07.07.21 at 2:34 pm

…do not let any of this disabuse you of the notion that conservatism in Canada isn’t a big tent, welcoming political movement that enjoys varied opinions and values everyone, especially women and minorities…

——–

Yes! In my experience, Canadian conservatives, in a decidedly non-progressive manner, only seem to value women and minorities equally to other citizens.

And to further minimize their extra-special importance, disparagingly refer to them as normal, everyday ‘Canadians’!

Shockingly unwoke. No wonder the churches are burning.

#10 Billy Buoy on 07.07.21 at 3:35 pm

Just stay Long and Strong.

CB know the split second they start to taper or raise rates the illusion is over and the reality of the massive debt appears leading to everyone heading to the exits.

The can’t do a thing til the big boys tell them to pull the switch, then it’s every human for themselves for a few years.

Stay safe with a firm stop loss.

#11 Dolce Vita on 07.07.21 at 3:59 pm

Gov intervention in RE, here we go again.

What amazes me is the lynch mob that wants a TO empty house tax are as likely to complain about the unaffordability of buying a home.

Oneself. Shoot. Foot.

..unless you want to get elected.

Canada descending, as of late, into mob rule.

———–

Half time: Denmark has scored twice, once on itself and the other on England. Sterling, my fave and I think the heart and soul of England, shot 3 times right at the Danish goalie. Not a good omen for England, My England.

Last night in Italia was ELECTRIC after her win over Spain.

The first time Italia, since the hell that Covid wrought upon her last year, could get out into her piazza’s to scream, yell, sing, hug and kiss.

Didn’t get to bed until 1:30 AM for all the mayhem outside even here in Pordenone. It was like this all over Italia last night. I loved every second of it!

If Italia wins it all, what a party that will be and I will be right in the thick of it.

#12 DC on 07.07.21 at 4:00 pm

Many Canadians–primarily young–who don’t really fancy an honest day’s work? Not surprised.

#13 Adc on 07.07.21 at 4:02 pm

Welcome to generation screwed. Leave a tip in the tip jar and leave your wallet with the gov,..er, I mean, bell boy.

#14 tbone on 07.07.21 at 4:05 pm

Did anybody notice there isnt any ductwork in the 1.5 million dollar house featured yesterday in the # 79 Benzengy post .
Electric baseboard heating throughout the house makes for a very expensive heating system.
You dont have central air , or humidification or filtration,
or even air circulation.
Wonder how many potential buyers even consider the disadvantages or even notice the fault.
It would be a deal breaker for me.

#15 JPN on 07.07.21 at 4:07 pm

# 8 SunShowers

You make it sound if we pay just a tad over CERB the workers will come back.. far from it. Most will take CERB over working “even if we are paying 25 % more” .. I know this .. I’m trying to get workers 50 % ? There is a breaking point. Its not about money for many .. its about not having to work at all.

#16 Dirty Dan on 07.07.21 at 4:07 pm

#8 SunShowers on 07.07.21 at 3:12 pm

CERB is below minimum wage in every province and territory except MB, SK, and NB. If your business can’t compete with that, maybe your business sucks and you should just pack it in.

Why do private businesses need to compete against tax payer money? Cut it off.

If you want to become a Freegan, and eat food thrown into dumpsters that’s your choice. But don’t use tax payer money to encourage able bodied free loaders.

This is below communism at this point. Even communism believed “From each according to his ability…”. You would be thrown into a labour camp in almost any other time/place in history.

#17 Sydneysider on 07.07.21 at 4:08 pm

An article in the Vancouver Sun prompted me to look at the mortality numbers for BC.

In 2020, there were 41,148 deaths reported by the BC coroner (range in prior 3 years: 38,273 to 38, 379), so excess deaths in 2020 amounted to about 2800, of which 954 were attributed to Covid. The remaining 1800+ can be broadly described as consequences of the safety measures.

So, for every person saved by the lockdowns, two were inadvertently killed by them.

#18 Sydneysider on 07.07.21 at 4:11 pm

Correction. Meant to write: for each killed by Covid, two were killed by the lockdowns.

#19 Dolce Vita on 07.07.21 at 4:11 pm

FAANGS up, bonds down, REITs/Financials got a sh!t kicking.

Exactly what happened to my meagre, threadbare yet diversified portfolio.

Listened to your recommendations Garth, made them reality and THANKS go to you from me.

Balance.

A good thing.

#20 I have a question on 07.07.21 at 4:13 pm

#9 Sail Away on 07.07.21 at 3:21 pm
#117 Ustabe on 07.07.21 at 2:34 pm

…them as normal, everyday ‘Canadians’!

I have a question: why is it that, statistically, women and minorities fall so far below “normal” when it comes to wealth metrics not to mention crime (minorities) and health (minorities) etc? Laziness? Intelligence? Genetically defined roles?

Why do more women and more minorities not vote conservative?

#21 Barb on 07.07.21 at 4:20 pm

And here in B.C., Horgans Hounds have another NEW idea.
You now need government approval to do a major renovation on your rental property…and they will decide if you can evict the tenant.

Or maybe put the bum up in a swanky B&B at Whistler, on your dime, while you’re ripping out moldy walls and installing a new bathroom.

https://www2.gov.bc.ca/gov/content/housing-tenancy/residential-tenancies/ending-a-tenancy/renovictions

B.C. = Bring Cash
B.C. = Buy Cannabis
(to numb yourself from the ludicrous bureaucracy)

#22 Sara on 07.07.21 at 4:25 pm

#5 604Sam on 07.07.21 at 3:01 pm
If you can’t afford surgery on a dog you can’t afford a dog.
======================

Agreed. I suggest pet health insurance for those who would feel financially upended should they find themselves faced with a several thousand dollar vet bill. Veterinary medicine has evolved tremendously, but is also very expensive.

In particular, getting insurance while the pet is still young and healthy means you won’t have any exclusions due to pre-conditions. Something as simple as a chronic ear infection could easily cost more yearly than the insurance premium.

#23 kommykim on 07.07.21 at 4:33 pm

#1 Dogman01 on 07.07.21 at 2:43 pm
This failing him, his condition is without alleviation, for he can neither prey on the misfortunes of others nor hoard his labour.” – Grover Clevland 1837

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

The way to hoard labour is to unionize and then go on strike.
The solution for the employer is to pay wages/benefits that are just good enough, so they are not motivated to do so…

#24 Ponzius Pilatus on 07.07.21 at 4:36 pm

#8 SunShowers on 07.07.21 at 3:12 pm
Sounds like restaurants, food processors, farms, manufacturing plants, tourism operators, hair salons and retailers need to raise the wages they’re offering.

CERB is below minimum wage in every province and territory except MB, SK, and NB. If your business can’t compete with that, maybe your business sucks and you should just pack it in.
—————
Agree.
Too many pizza joints out there.
Mrs. Market culls the inefficient ones, and the surviving ones have to pay a living wage.
Of course, the price of the pizza will go up.

#25 Clutch on 07.07.21 at 4:39 pm

I really hope the government doesn’t intervene in residential real estate. Let the free market do its thing. Btw I agree it’s totally overvalued. If we didn’t have no mortgage payments during the pandemic, it would’ve corrected last year. There’s gotta be a way to sue the government. They do nothing during price surges, and jump right in at the first sign of trouble. Absolutely criminal

#26 kommykim on 07.07.21 at 4:39 pm

#10 Billy Buoy on 07.07.21 at 3:35 pm
Stay safe with a firm stop loss

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

“stop loss” should be renamed “opportunity loss” or in some cases; “lock in loss”.

#27 CoffeeMan on 07.07.21 at 4:41 pm

Garth, you answered your question why people are not applying for these jobs, the average detached house in Toronto is 1.7million, in the US take a look at the Case-Shiller Home price index. If you are 30 years old in Toronto and make 50-60 grand a year after seeing how much detached houses are do you want to return to the office, you would rather work from home and save money and time on travel and be away from the boss. They see that their lot in life is a 500 square ft condo for $600k, do you blame them, at least working from home they can control their time somewhat, get some exercise and healthy cooking in and start a side hustle. Young people will look at the odds and choose a job they like or without stress with a great manager if they know they can never buy a house in Toronto.

#28 Joseph R. on 07.07.21 at 4:42 pm

#17 Sydneysider on 07.07.21 at 4:08 pm

In 2020, there were 41,148 deaths reported by the BC coroner (range in prior 3 years: 38,273 to 38, 379), so excess deaths in 2020 amounted to about 2800, of which 954 were attributed to Covid. The remaining 1800+ can be broadly described as consequences of the safety measures.

——————————————————————–

No. Viral illness are not reported to the BC Coroner’s Office:

“COVID-19 is a viral illness. Deaths due to diagnosed COVID-19 do not meet the reporting requirements of the Coroners Act, and the BC Coroners Service will not be notified when these deaths occur. Information related to deaths from COVID-19 can be found via the BC Centre for Disease Control (BCCDC).”

Source: https://www2.gov.bc.ca/gov/content/life-events/death/coroners-service/statistical-reports

1,759 confirmed dead from COVID-19, as per BC CDC

http://www.bccdc.ca/health-info/diseases-conditions/covid-19/data#COVID-19Dashboard

Math is hard.

#29 Winterpeg on 07.07.21 at 4:56 pm

Does the government have a mechanism like with EI where people have to report their job search?
Just wondering if there’s a mechanism to get people back to work.
I wonder how many Cerbies are working under the table while still collecting?

#30 SunShowers on 07.07.21 at 4:57 pm

#15 JPN on 07.07.21 at 4:07 pm
“You make it sound if we pay just a tad over CERB the workers will come back.”

Have you tried paying workers more than “a tad over CERB?” You’ve set the bar pretty low, since we’ve established that CERB is below minimum wage for most of Canada.

#16 Dirty Dan on 07.07.21 at 4:07 pm
“Why do private businesses need to compete against tax payer money?”

To offset the fact that the government subsidizes these private businesses by supplementing the poverty wages they pay with a social safety net funded by taxpayer money.

The job of the government is not to ensure a supply of workers at whatever wage rates businesses set, and workers having the power to say no is not a policy problem that the government needs to solve.

#31 Ponzius Pilatus on 07.07.21 at 4:57 pm

#96 DON on 07.07.21 at 11:15 am
#74 Russ on Nanaimo lights vs interchange…
Agreed…now the lights create rush hour traffic, no sense of future planning.
—————-
Reminds me when they opened up the Alex Fraser Bridge in the Lower Mainland.
It had 3 lanes each way, but they blocked off one lane on each side.
But within 6 months, due to crazy traffic, they had to remove the boulders.
Probably at great expense.
The worst, though, was installing a traffic light on the off ramp to Richmond, creating huge back-ups in the morning.
They had to rectify the problem after a few years, at much greater expense.
One lesson, however is, no matter how many bridges you build, due to latent demand, they will reach capacity pretty quickly.
Put the money into mass public traffic instead.

#32 Joseph R. on 07.07.21 at 5:06 pm

#15 JPN on 07.07.21 at 4:07 pm
# 8 SunShowers

You make it sound if we pay just a tad over CERB the workers will come back.. far from it. Most will take CERB over working “even if we are paying 25 % more” .. I know this .. I’m trying to get workers 50 % ? There is a breaking point. Its not about money for many .. its about not having to work at all.

———————————————————————
CERB closed in December 2020:

https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html

Your story does not add up.

#33 Felix on 07.07.21 at 5:10 pm

No, I am not related in any way.

And I would not be muddled by the higher IQ of a tennis ball.

#34 Sail Away on 07.07.21 at 5:14 pm

#20 I have a question on 07.07.21 at 4:13 pm

I have a question: why is it that, statistically, women and minorities fall so far below “normal” when it comes to wealth metrics not to mention crime (minorities) and health (minorities) etc? Laziness? Intelligence? Genetically defined roles?

Why do more women and more minorities not vote conservative?

———

These are Canadians you speak of?

It’s illegal to discriminate against Canadians in regards to employment, and all Canadians may vote as they like.

Stop with the labels.

#35 Ponzius Pilatus on 07.07.21 at 5:22 pm

#21 Barb on 07.07.21 at 4:20 pm
And here in B.C., Horgans Hounds have another NEW idea.
You now need government approval to do a major renovation on your rental property…and they will decide if you can evict the tenant.

Or maybe put the bum up in a swanky B&B at Whistler, on your dime, while you’re ripping out moldy walls and installing a new bathroom.
—————-
While I  agree that the new law seems onerous, I have issue with you calling the renter a “bum”.
Many good, professional people are renters.
I used to be one.

#36 Dirty Dan on 07.07.21 at 5:23 pm

#20 I have a question on 07.07.21 at 4:13 pm

I have a question: why is it that, statistically, women and minorities fall so far below “normal” when it comes to wealth metrics

“Black people are more likely to die in traffic accidents. Covid made it worse.”

https://www.nbcnews.com/news/nbcblk/black-people-are-more-likely-die-traffic-accidents-covid-made-n1271716

Cars, coronavirus, poverty, sugar, trans-fat… you name it, they suffer from it. It’s almost like they have no personal accountability. It’s better to look after yourself instead of waiting for the government to do it.

>> Why do more women and more minorities not vote conservative?

Not only are more are being converted to conservatives than liberals, they are being converted at a growing rate.

https://www.bbc.com/news/world-us-canada-54972389

#37 fishman on 07.07.21 at 5:26 pm

Of course there’s a labour supply problem. CERB has morphed into UI. Its a hot summer. The lake is cool, the beer is cold, the pot is hot & the girls are pretty. The bosses have have turned into “nice guys”. Nobody under pressure. Kind & gentle. Don’t want anybody quitting. I pay cash & say “thank you” at the end of every day. Digging into my gold stash to keep in play. Haven’t seen profit in two years. I just laugh when the Feds talk up this nonsense of Canadian efficiency & productivity. They better move some inflation bean counters over to productivity. Massage those Soviet style statistics to go with our emerging Soviet style economy. I’ll keep working on my Soviet style business practices to keep up my end.

#38 Renting Downtown on 07.07.21 at 5:26 pm

I’m looking to rent a 1+1 or 2 bed in downtown Toronto and rents are still 20% down… lucky me! :D

#39 Andrewski on 07.07.21 at 5:32 pm

Speaking of muddled, enjoy a Caipirinha with muddled lime & sugar.

#40 Joseph R. on 07.07.21 at 5:34 pm

To add to my last post:

The CERB ends after 25 periods (50 weeks) until September 2021, which ever comes first. The only way a person can still get CERB now is if they applied for it in July 2020.

That’s 3-4 months after the initial lockdown. Restaurants, hair salons and other service employees were the first ones to be affected and its workers took CERB first.

#41 Sara on 07.07.21 at 5:38 pm

To add to my promoting of pet insurance, it can still be worthwhile to purchase for the first time for an older pet with a pre-existing condition. With my oldest dog, I purchased insurance when she was 3 years old. Her ear infections were excluded from coverage, but later she required TPL surgery on one leg which cost over 6k. Insurance covered 90% less deductible (with most plans you have choices for co-pay percentage and deductible amount). Vet quoted ugly statistics with respect to the risk that the same injury would occur in future on her opposite leg, but she will be covered for that as well.

#42 BlogDog123 on 07.07.21 at 5:47 pm

How are they going to enforce the empty home tax? How many bureaucrats and byzantine forms / snitch lines to root out the ‘evil empty house foreign investors’??

How to bypass this tax:

Pay some neighbourhood kid to house-sit there. Draw up some silly ‘rental agreement’ for when the Tax Police come a’ knocking. The kid can use this as a quiet study area away from parents while working on his/her college entrance exams. Do some basic house maintenance while there… Is that a way that works to bypass this ‘hard to enforce’ tax??

#43 Steel City Kid on 07.07.21 at 5:52 pm

#11 Dolce Vita — Sunday then for the footy, it’s a date. In England tonight the party is on…

#44 cramar on 07.07.21 at 5:53 pm

>”Math is hard. Getting elected is not.”

What!? Ask the Conns about this? Qualification needed…

Getting elected is easy if you give handouts and pander to everyone.
Getting elected is hard if you are honest, tell people reality, and do difficult unpopular stuff because it is the right thing to do!

You of all people know this.

#45 CDBC on 07.07.21 at 5:57 pm

I’m semi-retired as of this past year but still running a small business part time. I’ve been looking at available jobs out of curiosity and they appear to be mostly in the $15-18 an hr range. No surprise they can’t fill them, and it’s not CERB that’s preventing people from applying. How are people expected to work for wages that don’t allow them to pay rent and/or utilities and food? Are they supposed to take 2 jobs and double up the hours? This country is far from perfect, but a $15 minimum wage never added up for workers. A living wage is closer to $22 an hour. Still I’m curious, when did you all decide that paying wages that don’t help people actually get by was okay? I don’t know about elsewhere in Canada, but here in NDP majority land BC, gas is currently $1.73 a litre and a pound of butter is $7. Some businesses offer $15 an hour and complain that no one is applying. Who lives on $15 an hour? Please tell us how you do it. Are you living in your van? The last time I worked for wages that low (without any benefits) was $12 an hour back in the late 70’s and that enabled me to pay my rent and utilities and eat regularly. I even went back to school and finished a degree in my spare time. It’s almost 40 years later. If you can’t pay your workers wages that supports their lives today (rent, food plus utilities), then you shouldn’t be in business. Millions of people now finally appear to concur.

#46 Dianne on 07.07.21 at 5:59 pm

totally agree with your remarks regarding CERB receivers and lack of interest in working. My own hairdresser left a regular gig 18months ago, now just cuts/colors etc from home (cash only) and gets CERB. Last time I went I asked about her plans – she said she will decide at the end of the summer!! Of course, she gets gov’t largesse for the entire time, plus all the undeclared income. I tried to go to a real salon – but could never get in – they only wanted to deal with their previous clients. So I realize I am supporting this system. What a mess the Liberals have created.

#47 Shortymac on 07.07.21 at 6:00 pm

I work in IT procurement and I can confirm that it’s hard to find people right now. However, I will push back on claims that it’s just “people being lazy”.

The jobs we’re struggling to fill are an easy 5k+ a month, so lazing about on EI doesn’t make any sense at 2k a month.

In general, what is happening is:

1) A lot of the students/youth that would fill restaurant and service positions aren’t in the city as colleges/universities went online during the pandemic and the arts industries aren’t open yet.

2) Many seasoned service workers took the pandemic to re-tooled their skillsets and got jobs elsewhere in other industries. For example, Amazon went on a hiring spree at the beginning of the pandemic for WFH customer service helpdesk staff.

3) The pandemic has generated a lot of jobs and work. For example, the vaccine clinics need to be staffed with workers of various levels: nurses to put jabs in arms, security staff, and low level admin staff. Why would someone return to a cashier job when they can get a vaccine clinic admin job for 15-20/hr answering phones?

4) Early retirements. So many people decided to retire early, either taking their stock market/housing gain and moving to a lower cost of living area or where sick of how they where treated during the pandemic and bailed.

For example, my Mom is turning 60 this year and originally she planned to retire at 65 and try for a director position. However, during the pandemic her upper management falsely accused her team of “being lazy” during WFH despite evidence to the contrary and tried to bully them back in during the height of the pandemic.

They also harassed her when she got a medical exemption from returning to work due to my Dad’s (legit) medical issues.

She finally had enough and decided to retire, she has her 25 years for her pension and she gets her full retirement as long as she is 60+.

#48 Penny Henny on 07.07.21 at 6:04 pm

Anyone who doesn’t sleep at least 184 times each year in the same bed will see it taxed at 1% of assessed value-GT

//////////

I like to sleep around, how does this affect me?

#49 Lepreshaun on 07.07.21 at 6:04 pm

There is no point to work anymore, so I don’t blame people.
When I purchased my first home I was a pizza driver…. That’s right a pizza driver back in 2003.

Stay at home kids , it’s not worth the effort anymore!

#50 Shirl Clarts on 07.07.21 at 6:10 pm

So where are Preferred ETFs headed? In particular, ZPR seems to have run up and stalled. Will it shoot higher? Was hoping to see about $12.

Getting good yield, but I also want to see some worthy capital gain as well.

#51 paulo on 07.07.21 at 6:15 pm

Seems like people are just grappling with the idea that “Inflation” powered by wage increases and food,and lodging costs will be significant and persistent for many years to come. in this country many folks work for minimum wages or very close,or at least they used to: thanks to the real estate disaster presided over by the current goverment,and a hopelessly clueless i%[email protected] running the bank of canada we have a shelter crisis in this country! try to hire staff for 18$/hr when they could not afford a place to rent. and eat at the same time! god help anybody in the service,restaurant,tourism and seasonal industries the net effect will be steady significant pressure on inflation consumer prices pushing interest rates up in the end, and significant social unrest that will be a far bigger problem than most realise very difficult times coming sooner rather than later.

#52 NOSTRADAMUS on 07.07.21 at 6:18 pm

CAMOUFLAGE!
One more helpful article for the benefit of the roving army of speculators. Speculators might look into the idea of wearing camouflage pattern uniforms the Canadian military wear. This pixelated disruptive pattern will prove helpful in reducing the likelihood of detection by night vision equipment now being utilized by lending institutions, as they begin the all out assault on M.I.A. speculators. A, U.S. study showed that it took 2.5 seconds to detect soldiers wearing the pixelated marine pattern camo, while it took just one second to detect soldiers wearing the monocolor, or the large blotchy NATO camo of the day. The upside for a M.I.A. speculator wearing pixelated disruptive pattern could prove useful in gaining more time, in order to borrow and spend even more. That’s all I have to say on that, for now.

#53 My Body My Choice on 07.07.21 at 6:19 pm

“4 out of 10 Canadians who aren’t employed never want to go back to work …”

Oh gee, you mean people don’t want to wear a mask 8 hours a day running around like a serf for $15/hr serving unruly customers?

#54 SOMETHINGS UP!! on 07.07.21 at 6:21 pm

One things for sure.

I will never purchase a property to rent to someone else. Landlords are being penalized.

Sheez I guess its working. Governement is pushing investors out of RE and into the financial markets.

UP SHE GOES!!!!

#55 NSNG on 07.07.21 at 6:33 pm

#112 Shirl Clarts on 07.07.21 at 1:57 pm

#31 NSNG on 07.06.21 at 6:11 pm
I walked into the supermarket today here in BC. I held up a mask and asked the cashier if we needed these? She said you can wear one for your safety. “Then they are optional?” “‘Yes.”

^^^^^^^^^^^^^^^
So after 15 months of wearing a mask, you walked into a store not wearing one, then asked if you still need to wear it?

Yes. Public Health measures are for idiots like you.

The need question was whether or not the store was requiring them. We don’t need the masks according to our public health officials in BC (who are in direct contradiction to those ‘expert’ public health officials in other places [but only an idiot would listen to them anyway]). Some stores are mask zealots and programmed sheep so you still need to ask sometimes unless they go full Karen on you for exercising your rights not to use ineffective methods to prevent a disease that 99% of the population recovers from.

#56 wallflower on 07.07.21 at 6:36 pm

Re: comment below
This is what I have been saying about TFW program.
Canada maintains for years now a program that supports minimum wage + abuse of human rights.
Canada pays youth/students CERB to avoid taking low wage jobs while we support a program TFW to bring in the less fortunate from other countries (and then we abuse many of them!).
What a bunch of value nonsense makers we are.

#8 SunShowers on 07.07.21 at 3:12 pm
CERB is below minimum wage in every province and territory except MB, SK, and NB. If your business can’t compete with that, maybe your business sucks and you should just pack it in.

#57 Dirty Dan on 07.07.21 at 6:36 pm

#17 Sydneysider on 07.07.21 at 4:08 pm
An article in the Vancouver Sun prompted me to look at the mortality numbers for BC.

In 2020, there were 41,148 deaths reported by the BC coroner (range in prior 3 years: 38,273 to 38, 379), so excess deaths in 2020 amounted to about 2800, of which 954 were attributed to Covid. The remaining 1800+ can be broadly described as consequences of the safety measures.

https://www2.gov.bc.ca/assets/gov/birth-adoption-death-marriage-and-divorce/statistics-reports/death-reports/deaths-by-lha-2020.pdf

41,148

https://vancouversun.com/news/local-news/covid-19-update-for-jan-5-company-using-ultraviolet-lights-b-c-records-45-more-deaths

954

https://www2.gov.bc.ca/assets/gov/birth-adoption-death-marriage-and-divorce/statistics-reports/death-reports/deaths-by-lha-2019.pdf

38,379

I’ll be damned. The numbers don’t lie.

#58 John Foster on 07.07.21 at 6:38 pm

Garth, sadly I have to disagree – it’s very easy to get elected. You just have to check your ethics and leadership skills at the door. Really, the less experience and free thought, the better. Only “yes” people need apply.

#59 Leftover on 07.07.21 at 6:41 pm

$1.75 million now for a house in Toronto?

Okay, you’re a young orthopedic surgeon, just finished her residency, lining up to bid on this:

https://www.realtor.ca/real-estate/23349655/53-glenwood-cres-toronto-oconnor-parkview

But then the phone rings. An old buddy from med school who happens to be a dual citizen, calls and says there’s a great opening down at St Luke’s, a terrific hospital in Kansas. Here’s what you’re looking at (for $300k less):

https://www.realtor.com/realestateandhomes-detail/6815-W-67th-St_Overland-Park_KS_66202_M72009-54077

Oh, and you’ll have about a 40% marginal tax rate, not 54%.

Still got a problem with red states?

#60 Trojan House on 07.07.21 at 6:46 pm

“…meaning everyone gets a puppy. Or a pony. Your choice.”

Or how about a Tesla?

#61 Shirl Clarts on 07.07.21 at 6:58 pm

#54 NSNG on 07.07.21 at 6:33 pm

I just do whatever I’m told and mind my own business. If I’m not sure, I just wear it. Soon enough, the masks will be a thing of the past.. just not yet. Maybe sometime next year. Those vaccinated will have the most freedoms, and rightfully so. After all, they are the ones giving back the anti-vaxxers their freedoms.

Just be careful with your opinions out there, NSNG. In the US, you would very likely be the type of person to get shot… or do the shooting, so just chill.

#62 Red Light on 07.07.21 at 7:00 pm

#48 Penny Henny

I like to sleep around, how does this affect me?

////////

Would you productivity suffer if you WFH going forward?

#63 Shirl Clarts on 07.07.21 at 7:08 pm

Here you go, NSNG.

https://www.forbes.com/sites/jemimamcevoy/2021/06/15/killing-of-georgia-cashier-is-latest-in-a-string-of-fatal-shootings-over-mask-wearing-here-are-the-rest/?sh=79f56c45764e

#64 Woke From Home on 07.07.21 at 7:09 pm

#49 Lepreshaun

Never before has this argument made as much sense as it does right now.

What’s the point? Slave so that you can pay the government $72,950 in after tax money to transfer a LEASEHOLD?! To land they don’t even legally own?! Queen’s land? For an average house? And a $1.5m mortgage that you bought with your half a mil?

You’re right! Go for a bike ride. Make love under a tree before the Gypsy eats the foliage.

Covid showed us life is short. Why spend it working? And especially when the rewards are slightly better survival, 8 hours a day gone and STRESS!

#65 Don Guillermo on 07.07.21 at 7:09 pm

#37 Steel City Kid on 07.07.21 at 5:52 pm
#11 Dolce Vita — Sunday then for the footy, it’s a date. In England tonight the party is on…
********************************************

England’s first time to a major tournament final since 1966. Should make the Leafs feel better.

#66 crowdedelevatorfartz on 07.07.21 at 7:13 pm

@#31 Public Planner Ponzie
“One lesson, however is, no matter how many bridges you build, due to latent demand, they will reach capacity pretty quickly.
Put the money into mass public traffic instead.”

+++

You are joking again right?

The Deas Tunnel.
Built in 1958. Two lanes each way.
A Traffic NIGHTMARE during rush hour even when there isnt the usual traffic accident/breakdown/ police incident.
The Knight St Bridge.
Another daily bottle neck.

It takes 3 elections and 2 changes of govt to even AGREE on building a Bridge and then they stop and re-visit it.
The Bridge (or tunnel) to replace the Deas Tunnel is still being lobbed back and forth 25 years after it was needed.

Public transit?
PFFFT
Might work for white collar accountants but tradesmen with tools and material?
Try riding a bicycle to work from North Van or Burnaby to Richmond, Delta or Surrey in winter at 6am ( 5am if you want to make your 7am start time because the 3 busses you will need aint getting you there “on time”.

But not to worry Ponze
Traffic is going to hit Grid Lock in the Lower Brainland in about 5 years

The Trans Canada Highway through Burnaby is bogged by 6:30am, 5 days a week now.
Just wait until the new 65 story towers at Brentwood mall are finished and start vomiting commuters out..
Then there are the “under construction” 65 story towers also in Burnaby at Dawson ( 2 minutes to the highway)
Oh.
Did I mention the 28 acres of high rises on Lougheed and Gilmore(Burnaby again 3 minutes to the freeway).
And then the 4 high rises 40, 50 stories being built on the Lougheed Mall parking lot ( 5 minutes to the freeway)

Thousand upon thousands upon thousands of drivers trying to get to work on the same , archaic, 60 year old freeway that hasnt built a new bridge to the North Shore in 63 years OR anywhere else in 30 years….

Yep.
All those commuting cars by 2025 to cause endless gridlock.

Yeah
We’ll all ride bicycles or take the cramped, gas tax payer subsidized Skytrain downtown.

One wonders when all the cars are electric and they can suck off the gas pump tax teat…..

Will they bump up the property taxes to the stratosphere?

#67 down and out on 07.07.21 at 7:13 pm

Youth on cerb sees a job pays $15 per hour.Youth uses math skills .15 bucks minus what I get on cerb .you want me to work for $1 a hour ,Youth will wait it out thinking his labor and time is worth more .Now we got a labor problem .wonder why

#68 crowdedelevatorfartz on 07.07.21 at 7:16 pm

@#48 Penny Henny
“I like to sleep around, how does this affect me?”

+++

Well.
If its how you make your living….you can declare the expenses……..
:)

#69 Quintilian on 07.07.21 at 7:17 pm

Empty home tax should be increased to 25% per year.

Property purchase tax on first homes annulled.

Property purchase tax on second homes 25% on third home 50% fourth home 75%….

Foreign ownership of single-family homes banned.

Foreign investors of multi unit new construction rental purpose built welcome.

Domestic investors of multi unit new construction rental purpose built given tax credits.

Rent tax deduction for families with household incomes of less than 120k

#70 crowdedelevatorfartz on 07.07.21 at 7:22 pm

@#35 Ponzies Protection
“While I agree that the new law seems onerous, I have issue with you calling the renter a “bum”.
Many good, professional people are renters.”

+++
I rent and I’d consider being called a “Bum” a step up!

#71 Fox in Socks on 07.07.21 at 7:26 pm

Only one place I ever recall seeing the word MUDDLED ever.

It was in the real estate training manual book called, Fox in Sox by Dr. Seuss.

It’s about a guy called Mr. Knox who wants to buy a house. His realtor is a Fox, and he sure likes to not make things clear to ensure he gets the tens of thousands in commission for entering the house into a bottled up MLS system. In the last part, Mr. Knox has had enough of Fox’s schemes, and says…

When a fox is in the bottle
where the tweetle beetles battle
with their paddles in a puddle on a
noodle-eating poodle,
THIS is what they call…
…a tweetle beetle
noodle poodle bottled
paddled MUDDLED duddled
fuddled wuddled
Fox in stock, sir.

Fox in sock,
Our game is done, sir.
Thank you but I don’t want to buy this house, sir.

#72 Confused in Ottawa on 07.07.21 at 7:27 pm

Don’t stock markets and bond prices move inversely?

#73 Shirl Clarts on 07.07.21 at 7:31 pm

Too early to say if this is an upward trend, but covid cases rose a bit in the last couple of days.

Over here in Lalaland, we are 7 days into lifted restrictions.

31 Friday Jul 2nd
37 Saturday Jul 3rd
24 Sunday Jul 4th
48 Monday Jul 5th
59 Tuesday Jul 6th

http://www.bccdc.ca/health-info/diseases-conditions/covid-19/data

#74 Sail Away on 07.07.21 at 7:31 pm

Re: pet insurance rebuttal

Consider buying a purebred working dog from a reputable breeder vs. picking up a rando something or other from… somewhere. It’s a logical decision as you start out with a healthy dog that doesn’t have unknown and often ruinously expensive time bombs.

Treat your animals as valuable holdings (similar to any long-term possession) and do your due diligence in regards to heritable diseases. Reputable breeders will have eliminated a lot of the physical and mental defects and will replace the animal or refund your money if any turn up. You will generally have the choice at that point to keep it as a nonbreeder although some breeders will push to cull it to avoid sullying their reputation.

In my 20+ years with 9 dogs now, none of our purebred working dogs have had a single genetic issue (although the Chessie is slightly wall-eyed). But we can go to any dog park and pick out the bad eyes, advanced hip dysplasia, loose joints, spinal deformity, misaligned teeth, etc. and etc., and cringe for the happily unaware owners.

#75 IHCTD9 on 07.07.21 at 7:46 pm

#45 CDBC on 07.07.21 at 5:57 pm
I’m semi-retired as of this past year but still running a small business part time. I’ve been looking at available jobs out of curiosity and they appear to be mostly in the $15-18 an hr range. No surprise they can’t fill them, and it’s not CERB that’s preventing people from applying. How are people expected to work for wages that don’t allow them to pay rent and/or utilities and food? Are they supposed to take 2 jobs and double up the hours?
— –

Yep, that’s what they do. I know a young new Canuck working 85-94 hrs/wk in the gta. My Dad always had a side gig, and also did a couple stints working two jobs. My Grandparents farmed in the 50’s which was dawn till dusk never ending work back then. I don’t think it’s ever been different, well you excepted of course.

Today it’s also popular to get a basement tenant, live in a multi-Gen household, get a few room mates, live in 4-500sf of rented accommodations, drive 2 hours each way to work, and YOLO meme stocks trying to get by.

Surprised you missed all this.

#76 ElGatoNerodeYVR on 07.07.21 at 7:52 pm

#8 SunShowers on 07.07.21 at 3:12 pm

CERB is below minimum wage in every province and territory except MB, SK, and NB. If your business can’t compete with that, maybe your business sucks and you should just pack it in
=======
As by now you found out ( by being roasted) from the self-employed plus crowd who has a micro business ( under 1 mil yearly revenue) this is a non-starter . They will stick around and try to operate their “small business ” like before because frankly there is nowhere for this crowd to go and make money and really ,why should they ? They have an income stream providing services that people pay for.
The issue is that they can’t scale up in volume as their business model doesn’t allow for enough margin to pay wages that other people want to work for. These businesses need not to pack it up and go but simply either find a way to scale up or acknowledge they are plateued at their current capacity with the business model they have.
I understand the frustration of not being able to hire people and grow your current revenue quite well, however in the grand scheme of things it open opportunities for others to step in and build a similar size business.

Yes, not a popular point of view on the more conservative side of this blog, at the same time not everyone wants or can work hard and some people are really better off not having a job as they could never figure out how to do anything right. They know it as well and choose the welfare option and I am personally OK with that. You really do not want those employees working for you because they have no other option.

#77 NSNG on 07.07.21 at 8:01 pm

#60 Shirl Clarts on 07.07.21 at 6:58 pm

#54 NSNG on 07.07.21 at 6:33 pm

I just do whatever I’m told and mind my own business. If I’m not sure, I just wear it. Soon enough, the masks will be a thing of the past.. just not yet. Maybe sometime next year. Those vaccinated will have the most freedoms, and rightfully so. After all, they are the ones giving back the anti-vaxxers their freedoms.

You will do what you are told and mind your own business…unless you run into someone who is not complying…

The masks are a thing of the past in BC. But that is the point. The ‘experts’ don’t know what they are doing. They are making it up as they go along.

Instead of sheepishly being good and obedient, why don’t you do something that is actually beneficial for you like taking zinc, Vit D and, Vit C which are actually helpful in sustaining your immune system and protecting you from sickness.

The ‘experts’ won’t tell you about it of course. It cuts into their drug and virus profits and also heals people when there isn’t a scamdemic around. They would be fighting over customers if the general public got wind of those things.

Are you going to be one of the outraged mob when you politicians and news media ‘discover’ that we have been lied to the whole time? You should already be there.

#78 mike from mtl on 07.07.21 at 8:02 pm

Dunno, this ‘reopening’ (at least here) is looking tenuous, gooberment already signalling this is never going to end despite in a matter of weeks we’ll surpass vax rate many G7 nations if not top. The USA seems to be the big exception, their overall message is covid’s done – here it is 24/7 covid FUD.

Personally if I was 20 years old today, no way I’d want to sling dishes, dealing with Joe public and having the uncertain shutdown knife over my employer’s head – all for 10.45/hr. Tourism, events and lodging industries are not looking to improve this year at all either. I’d take CERB, live in mom’s basement and a side hustle no question.

There’s no easy option to reverse, like WFH, unless the narrative drastically changes the ‘old world’ of 2019 is done.

#79 The West on 07.07.21 at 8:03 pm

#12 DC on 07.07.21 at 4:00 pm

Many Canadians–primarily young–who don’t really fancy an honest day’s work? Not surprised.
—————————————-

Some more boot straps, hey? Let’s have a more honest conversation. What are they working for? Who does their future belong to and why, oh why, would they want to work in an economy they can’t afford to engage with?

Don’t blame the “primarily young” Canadians for T2’s Liberals…boomers and seniors vote just the same for their “social handouts” as the young do.

This whole country is a joke. Why work? Embrace the life the Davos Establishment (they have many disciples running Canada) wants the serfs to. They’ll own nothing, and they’ll be happy.

#80 meslippery on 07.07.21 at 8:05 pm

Benjamin Tal, deputy chief economist with CIBC World Markets, said the jobs that have been created since the financial crisis have been disproportionately poorly paid and part-time.

Meanwhile, wage gains have disproportionately gone to highly-skilled workers and top earners, he said.
Shrinking middle class

“The shrinking middle class is not a myth. It’s not a slogan. It’s a reality. It’s happening everywhere,” Tal said. “I don’t think this is something that will go away.”

———
from September 13, 2017
https://financialpost.com/news/economy/canadian-median-income-growth-sluggish-over-past-10-years-statscan-figures-show

———
In a truly free market wages would rise till someone
will want the job. (ie. No TFWs)

#81 Grunt on 07.07.21 at 8:40 pm

Not worried.

Mayor John Torys kicking off with “Were Ready Toronto.”

Can’t wait for the waffle on breakfast tv.

#82 Sara on 07.07.21 at 9:14 pm

#73 Sail Away on 07.07.21 at 7:31 pm
Re: pet insurance rebuttal

Consider buying a purebred working dog from a reputable breeder vs. picking up a rando something or other from… somewhere. It’s a logical decision as you start out with a healthy dog that doesn’t have unknown and often ruinously expensive time bombs.
============================

All dogs can have injuries and there is no perfectly bred animal resistant to all disease and dysfunction. If you are cool with “pay as you go”, then by all means, but for those who might have to say ‘no’ to Fido’s surgery, please consider pet insurance.

Having said that, one should avoid purchasing (and thus encouraging further breeding) the so-called ‘pure bred’ puppies from unscrupulous breeders, which are at much higher risk of genetic disease than the average mutt of unknown, mixed origin.
===============================
For the average Joe (not wealthy Sail Away) who wants a healthy, mentally stable dog, don’t buy that cute Pug (all are deformed regardless the breeder) or the Golden Doodle you saw on Kijiji of dubious background. One suggestion is to save a healthy, homeless mixed breed canine from one of your local rescues. Typically they are at much less risk of having genetic issues than most ‘pure breds'(even from the reputable breeders with the most expensive dogs that SA types frequent) and their capacity for love is just as great.

#83 ImGonnaBeSick on 07.07.21 at 9:19 pm

#8 SunShowers on 07.07.21 at 3:12 pm
Sounds like restaurants, food processors, farms, manufacturing plants, tourism operators, hair salons and retailers need to raise the wages they’re offering.

CERB is below minimum wage in every province and territory except MB, SK, and NB. If your business can’t compete with that, maybe your business sucks and you should just pack it in

—-

Ok there Uncle Pennybags.. or maybe it means people don’t need nearly as much as they’re getting and all this living wage nonsense is just that…

#84 crowdedelevatorfartz on 07.07.21 at 9:20 pm

@#117 Ustabe relevant
” Of course, do not let any of this disabuse you of the notion that conservatism in Canada isn’t a big tent, welcoming political movement that enjoys varied opinions and values everyone, especially women and minorities, after all we will be forming the next government and you know why? Because Trudeau is bad that’s why.”

+++

Nah.
Trudeau will win because O’Toole is …well…about as cuddly as a fire hydrant.
Once again the Cons that get to choose a “leader” have shot themselves in the foot.
It will be a long five year in the wilderness.

But one can be happy in the knowledge that Trudeau will be forced to realize that all his PC, Rainbow, Woke, enviro nazi stuttering is irrelevant …..

When rising interest rates which he has absolutely no control over, and the federal Debt , that he has doubled in 5 years, will crush all his pie in the sky promises.

I’d say his grey beard will be joined by his hair.

#85 Infinite Eye Rolls Courtesy of SailAway on 07.07.21 at 9:25 pm

@#73 How pathetic.

Even a trip to the dog park is an opportunity for you to look down your nose at others.

It must suck to be you if when spending time with your dog(s), your ego is still actively looking for ways to diminish others just so you can give yourself that little boost.

Now I am curious to know what kind of questionnaire you presented your future wife with on your first date and if you covertly snuck off with a DNA sample.

Pet Insurance makes sense for a lot of people because most of us are not so priggish.

#86 Sara on 07.07.21 at 9:27 pm

“The notion that mixed-breed dogs are healthier than purebreds has some basis in fact, according to research published in the June 1 issue of the Journal of the American Veterinary Medical Association. Looking for 24 genetic disorders, UC Davis researchers flagged 27,254 dogs with inherited conditions out of 90,004 dogs checked.

A University of California, Davis, research team combed the records of 90,004 dogs seen at the university’s William R. Pritchard Veterinary Medical Teaching Hospital over a 15-year period ending Jan. 1, 2010.

Looking for 24 genetic disorders, the researchers flagged 27,254 dogs with inherited conditions.

Using healthy dogs as control subjects, the researchers discovered:

• No differences between purebred and mixed-breed dogs in regard to 13 genetic disorders, including hip dysplasia, hyperadrenocorticism (Cushing’s syndrome), hypoadrenocorticism (Addison’s disease), lens luxation, patellar luxation and cancers such as hemangiosarcoma, lymphoma, mast cell tumor and osteosarcoma.

• Purebred dogs were more likely to have 10 genetic disorders, ranging from dilated cardiomyopathy and elbow dysplasia to cataracts and hypothyroidism.

• Mixed-breed dogs had a greater chance of suffering a ruptured cranial cruciate ligament.

The researchers concluded that modern purebred dogs or members of similar lineages appeared to be more susceptible to certain inherited disorders. Disorders occurring equally among purebreds and mixed-breeds suggested that the disorders represented more ancient mutations and were more widely disseminated throughout the canine population”

https://www.veterinarypracticenews.com/study-shows-mutts-genetically-healthier/

#87 SURPLUS on 07.07.21 at 9:28 pm

#58 Leftover

YOU GOT IT ALL WRONG LEFTOVER! …all wrong.

You see, this unicorn super special one of a kind Toronto property you note:
https://www.realtor.ca/real-estate/23349655/53-glenwood-cres-toronto-oconnor-parkview

…is easily surpassed by this one in Overland Park, KS:

https://www.realtor.com/realestateandhomes-detail/6301-W-67th-St_Overland-Park_KS_66202_M72738-35623

And for the LEFTOVER dollar amount in your pocket, you can buy:

https://www.realtor.com/realestateandhomes-detail/6815-W-67th-St_Overland-Park_KS_66202_M72009-54077

That explains it much better.

#88 Sara on 07.07.21 at 9:33 pm

Cue the ‘but humans had nothing to do with it’ crowd.

“The Pacific Northwest’s recent heat wave — which overwhelmed communities in both Canada and the U.S. — was at least 150 times more likely to happen because of climate change, new data suggests.

A team of 27 researchers from the World Weather Attribution Initiative, including scientists from universities and meteorological agencies across North America and Europe, looked at observations and computer simulations to compare today’s climate with that of the past.

They concluded the record-breaking heat wave would have been “virtually impossible” without human influence.

Lytton, B.C., a small village in the Fraser Canyon, broke record for the hottest temperature ever recorded in Canada three days in a row during the heat wave, eventually hitting 49.6 C. That’s up from 45 C, recorded in Saskatchewan in 1937.

“When we look at the records of temperature through time, there’s a steady increase in the hottest temperatures of the year, but then this event came along and it just broke that record,” said Faron Anslow, a climatologist at the University of Victoria’s Pacific Climate Impacts Consortium and a co-author on the report, which was released Wednesday.”

https://www.cbc.ca/news/science/heat-wave-climate-change-1.6093730

#89 Barb on 07.07.21 at 9:35 pm

#35 Ponzius Pilatus

“…While I agree that the new law seems onerous, I have issue with you calling the renter a “bum”.
Many good, professional people are renters.
I used to be one.”

—————————————————————
It’s only the bums that landlords seek to “renovict”.

The “good, professional people who rent” (1) are few and far between, and (2) landlords have NO desire to get rid of the tenant if they are good professional people.

The landlord will make any renos as painless and inconvenient as possible to good renters.

My family has had both types of renter. We hired only the best tradesmen to get the job done quickly and correctly for the good tenants.

But it’s the bums that stick in my mind…

#90 I'm A Believer on 07.07.21 at 9:56 pm

27 CoffeeMan on 07.07.21 at 4:41 pm

Bingo! You’ve nailed it. The watermark has risen to the point where most no longer will do anything to get it. They’ve realized it’s not worth it. There’s more to life than being a debt slave.

#91 the Jaguar on 07.07.21 at 9:57 pm

Lordy! T2 breezed through Cowtown today with his usual glib, self congratulatory pomp and swish. Poor Kenney had to smile and make nice, but his very expression said it all. “You don’t come here to piss on my rug.” (LBJ).

The news analysis called it what it was, a pre-election tour. Wouldn’t it be one wild ride if what happened with the first Trump election ( where all the press and pollsters insisted Hillary was the anointed one) happened here?
People have been preoccupied with the Pandemic, but surely his misdeeds have not escaped the eyes and minds of reasonable folk.

Jody Wilson-Raybould…where are you girl? We need an election upset and destiny is calling your name.

#92 Dr V on 07.07.21 at 10:06 pm

75 Elgato – a thoughtful post. While my former business is not so much ‘face-to-face” as a hospitality
business, we were having trouble finding people to fill
the lower-end positions. My suggestion was to eliminate as many/much of those positions as possible with technology/automation, which they have implemented as much as possible.

What I could never figure out was how people would work part-time minimum wage jobs, when full-time better-paying jobs were available.

#93 Dr V on 07.07.21 at 10:23 pm

Sara – here is a book by Faron’s co-author(s)

https://www.chapters.indigo.ca/en-ca/books/angry-weather-heat-waves-floods/9781771646147-item.html

#94 Cici on 07.07.21 at 10:30 pm

#47 Shortymac

Good analysis. I think there’s also a lot of kids living in basements trading meme stocks with the money they’re saving on university and rent; lots of IT guys also made a ton on crypto over the last year and a half, plus a lot of the CERB/UI crowd are supplementing their income with under-the-table gigs, and homeowners have a lot more equity to borrow against so they can keep buying up boats, RVs, ATVs, paddle boards, exercise equipment and whatever else people “need” these days.

#95 NSNG on 07.07.21 at 10:48 pm

If Trudeau wins a majority, don’t be surprised if he goes after the PR exemption. My reasoning for this is because another fours years of him in office will probably be enough for him. By the time his term is up, I think everyone will be ready for a fresh government. The scandals should be piled very high at that point so that even his lefty apologists will no longer be able to justify him.

There is really only one tax plum left in Canada and it is about the size of the problem they created with all these deficits. The PR exemption. With no plan to get re-elected, he can finally betray 70% of the voters out there and go after that.

#96 Overheardyou on 07.07.21 at 11:03 pm

#30 SunShowers on 07.07.21 at 4:57 pm
I’m guessing you have never built a business? If you have please enlighten us with your awesome fundraising or business planning strategies.

#97 the Jaguar on 07.07.21 at 11:03 pm

@#94 NSNG on 07.07.21 at 10:48 pm
T2 was super complimentary today about Nenshi who isn’t running for re-election in the Civic elections this fall.
Oh oh…..

#98 Overheardyou on 07.07.21 at 11:10 pm

#32 Joseph R. on 07.07.21 at 5:06 pm

Just going to put this here for you.
https://www.canada.ca/en/revenue-agency/services/benefits/recovery-benefit/crb-who-apply.html

#99 Sail Away on 07.07.21 at 11:14 pm

#84 Infinite Eye Rolls Courtesy of SailAway on 07.07.21 at 9:25 pm
@#73 How pathetic.

Even a trip to the dog park is an opportunity for you to look down your nose at others.

It must suck to be you if when spending time with your dog(s), your ego is still actively looking for ways to diminish others just so you can give yourself that little boost.

Now I am curious to know what kind of questionnaire you presented your future wife with on your first date and if you covertly snuck off with a DNA sample.

Pet Insurance makes sense for a lot of people because most of us are not so priggish.

———-

Haha. Just observation. It is true that once you have knowledge of a subject, you can never again revert to your frivolously free-spirited self around that subject.

I really have to bite my tongue around sailboat art where the gracefully rendered sailboats are depicted as moving contrary to the laws of physics. Or movies of supposedly expert assassins who don’t know how to hold a gun. Or that Lotto 649 commercial a few years back of the guys flyfishing who didn’t know how to reel.

You must be knowledgeable about some things. You know.

By the way, I don’t disagree with pet insurance or Sara’s last few posts on the subject.

#100 Kothar on 07.07.21 at 11:33 pm

BC just lost AAA rating. Up next the entire country.

#101 Nonplused on 07.08.21 at 12:18 am

#78 Ustabe on 07.07.21 at 2:50 am
#66 Nonplused on 07.06.21 at 11:10 pm

“If you think the Church, be it Anglican, Catholic, Mormon or whatever is non profit then you are even further from reality than I thought.”

They are non-profits.

—————————————–

“I know as fact that the Anglican Church in Canada owns miles of real estate, malls, commercial property and even a few actual businesses.”

Yes, they do own properties and sometimes businesses and often investments. So do lots of non-profits. So does the Bill & Melinda Gates foundation.

————————————–

“finally, do you have any idea what the pay scale is for an Anglican priest once she or he gets into a stable congregation? Its the congregation that sets pay, you don’t get paid by the mother ship until you hit parish/deanery levels. Once you hit mother ship levels of pay they were in the high 30-40 range in the 1970’s. 1975 income was bumping up against $10,000. So pretty good pay.”

They mostly get paid about as much as a teacher and they pay income tax on that income. Since most priest have a 4 year degree from seminary that seems about right.

————————————-

“And…I’m not taking about Scouts or youth sports Are you wanting to talk about the Scouts $850 million settlement with victims of sexual abuse while under the care of Scout leaders?

Because you brought it up, eh?”

The Scouts also have, or had, a lot of property. It is not unusual for people to bequeath land to the Scouts and then they build camps on it. It is still a non-profit.

The sexual abuse scandal that has rocked the Scouts is tragic in so many ways, and not dissimilar to what happened to the Catholic Church. But it is not the people who actually committed the crimes that are paying the settlement. The Scouts are having to sell off their camps to generate the money. They don’t have $1 billion sitting in a bank account somewhere. Now that they have been disabused of their properties, the current generation of Scouts will pay more, and the “No Scouts Left Behind” program (subsidized Scouting for poor people) will likely go away. There are no winners here except for the people who committed the crimes who are walking Scott-free.

The Scouts have taken many precautions to prevent further abuse, as have soccer clubs, anything to do with youth really. 2 of the most impactful policies have been “Never Scout Alone” (at least two adults must be present whenever there are kids), and police background checks. Most youth organizations have introduced similar rules. “Never coach alone” is how it came across when I coached my daughter’s team and yes I had to have a police background check every 3 years.

Mistakes were made. Lessons have been (hopefully) learned. I think part of the problem was back in the 50’s and 60’s nobody could imagine that their Scout leader or priest could be a sexual predator. How wrong we were. It turns out access to children was attracting all the predators like moths to a lamp.

#102 Nonplused on 07.08.21 at 12:29 am

#94 NSNG on 07.07.21 at 10:48 pm

If Trudeau wins a majority, don’t be surprised if he goes after the PR exemption. My reasoning for this is because another fours years of him in office will probably be enough for him. By the time his term is up, I think everyone will be ready for a fresh government. The scandals should be piled very high at that point so that even his lefty apologists will no longer be able to justify him.

There is really only one tax plum left in Canada and it is about the size of the problem they created with all these deficits. The PR exemption. With no plan to get re-elected, he can finally betray 70% of the voters out there and go after that.

——————————————-

Please see my comment yesterday at #71 Nonplused on 07.07.21 at 12:06 am.

There will never be a change to the PR exemption because it only really affects the Vancouver and Toronto areas, at least if inflation adjusted. Nobody can form a government without at least one of those areas.

Eliminating the PR exemption would drastically raise the lifetime taxes paid by home owners in the YVR and YYZ service areas, while being a “meh” event pretty much everywhere else, especially if adjusted for inflation.

I’ve been in my current house in the YYC area for 9 years now and the appraisal is down $30,000. Do I get a deduction? And how are the folks in YVR and YYZ going to feel about paying this tax while I get a deduction?

It ain’t going to happen. Ever.

#103 JPN on 07.08.21 at 12:40 am

# 30 SunShowers

Oh stop it .. if you won’t read the post properly then don’t respond.. I’m paying between 25 and 50 % higher than CERB .. How can I spell this out clearer to you .. many don’t want to work.. period .. twist away ..

want to work… twist away …

#104 Jack Spratt on 07.08.21 at 1:50 am

My self picked energy ETF ( consisting of only good companies with positive cash flow) , O&G + Renewables, is up 65% in this first half. Should I switch to the “safety of bonds” that pay nothing now? I feel like a total shit for being diligent and successful knowing it’s not popular among the leftists.

Banks, don’t forget we’re entering ‘ the summer swoon’ when traders are on holiday and desks manned only by noobs, hence expected seasonal volitility. US financials are out of the gate with increased dividends and buy backs . Expect ours to follow suit. Now is the time to buy, not a time to worry.

Trudeau and Buttz say that church burning is understandable. Forget their own fact finding mission called Truth and Reconcilliation Commission that listed native burials years ago. Why are the natives and media being turned against White Catholics now? I smell more burning railway tracks as Trudeau gathers his base to vote against the ” racist” legacy of Harper. And why is racism suddenly an issue in Canada or is it an influence led by our Democrat Party advisors? Bill 21 bans the niqab in Quebec while Trudeau campaigns on religious freedom for ethnics in Alberta.

Speak now people, or forever hold your peace.

#105 SoggyShorts on 07.08.21 at 2:00 am

#17 Sydneysider on 07.07.21 at 4:08 pm
An article in the Vancouver Sun prompted me to look at the mortality numbers for BC.

In 2020, there were 41,148 deaths reported by the BC coroner (range in prior 3 years: 38,273 to 38, 379), so excess deaths in 2020 amounted to about 2800, of which 954 were attributed to Covid. The remaining 1800+ can be broadly described as consequences of the safety measures.

So, for every person saved by the lockdowns, two were inadvertently killed by them.

#18 Sydneysider on 07.07.21 at 4:11 pm
Correction. Meant to write: for each killed by Covid, two were killed by the lockdowns.
***************
The lockdowns were 100% guaranteed to make people unhappy.

♦Outcome #1 The virus spreads & mutates regardless and loads of people die
Response“See?! Lockdowns don’t work!”

♦Outcome #2 The outbreak is managed and the loss of life due to hospital overcrowding is avoided.
Response “See?! Lockdowns weren’t needed!”

Based on your post above, relatively few people died of Covid so the lockdowns could be called a success.
Granted several other deaths did occur as a direct result of the lockdowns.

So what’s missing? The number of lives saved by lockdowns.
Hundreds? Thousands? Millions globally?
Perhaps with an extra ~1 billion infected people in the world acting as Petri dishes, we could have gotten an end of days super mutation, who knows?

#106 Faron on 07.08.21 at 3:13 am

#87 Sara on 07.07.21 at 9:33 pm

Cue the ‘but humans had nothing to do with it’ crowd.

#92 Dr V on 07.07.21 at 10:23 pm

Sara – here is a book by Faron’s co-author(s)

It was a real pleasure and honour to work with the group at World Weather Attribution including the author of the above book. They are a collective of scientists of many disciplines who have other day-jobs besides analysing these kinds of events. We had excellent discussions and arguments from the very basic “is this really as bad as it looks” to questions about dynamics and forcing mechanisms. There was a reporter from Bloomberg embedded in the group so they could see how this works and they will be reporting in coming days what went on behind the scenes.

The data on the heat wave is truly shocking in how it challenged even the very basic analysis of extreme weather that is done through extreme value distributions (and not in a way that is favourable to the climate change ignorant out there). Further data and analysis will only make it more of an extreme outlier. Our study was of a limited area while the heat was much more broad including all of western Canada and Oregon and Washington.

Society will be adding up the impacts for some months to come. Human deaths will likely grow well into the thousands, animal deaths including the sea creatures affected by the low tides during the hottest periods will be massive, vegetation response is still unknown, the tragic burning of Lytton immediately after crushing the nation’s all time high temperature etc.

I’ll be happy to answer any good faith questions folks may have.

–Faron

#107 Shirl Clarts on 07.08.21 at 4:08 am

Uh oh. Looks like we should’ve kept the mask thing going a bit longer.

A leading US disease expert says there’s ‘no doubt in my mind’ that vaccinated people are helping spread Delta

https://www.yahoo.com/news/leading-us-disease-expert-says-162253267.html

#108 Cheese on 07.08.21 at 7:39 am

I keep hearing of this job demand, yet I’ve been working the entirety of the pandemic in the Ottawa General Hospital for 19/hr.

If anyone in Ottawa needs a dedicated, hard working and enthusiastic autodidact, give me a call!

#109 Wrk.dover on 07.08.21 at 7:43 am

$15/hr is plenty if you own a house, car, stuff, outright, while living in an area with low property tax and car insurance.

But that envelope excludes 99.9% of the people earning $15/hr.

45 years ago, I couldn’t get beyond gas, beer, cigarettes, rent and fast food on $4.50/hr., had no car insurance or plans beyond tomorrow. Ideas and dreams, yes, but no hopes of fruition.

Employers need to give their collective heads a shake!

And employees need to strike out on their own.

Skilled trades = freedom, learn them. But not just one either.

#110 the Jaguar on 07.08.21 at 8:28 am

This excerpt from a NP article this morning on the continuing debate over whether WFH is permanent:

“Globally, a divide is emerging in the finance industry about how hard to push bankers to return to the office.

So far, Canada’s banks, asset managers and insurers have resisted bringing back most staff, and some are planning to make remote or hybrid work permanent. An estimated 275,000 people in the Toronto region work in financial services jobs.

Some surveys have indicated that many workers are ready to see their colleagues again: In a recent KPMG poll of about 2,000 Canadians, 63 per cent said they want to return to a physical workspace.”

Hard to know what will happen, but September when kids should be back in school should provide some clarity. 275,000 people in the GTA core. Got to have an impact on retail and services in the area….

#111 Dharma Bum on 07.08.21 at 8:31 am

#11 Dolce Vita

Didn’t get to bed until 1:30 AM for all the mayhem outside even here in Pordenone. It was like this all over Italia last night.
———————————————————————————-

The only place where more Italians celebrate and party after winning a soccer game is on St. Clair Avenue in Toronto.

https://www.youtube.com/watch?v=03yYd4MeQz4

#112 Dharma Bum on 07.08.21 at 8:36 am

#69 Crowdedelevatorfartz

I rent and I’d consider being called a “Bum” a step up!
——————————————————————————

I consider it a badge of honour.

Some people, those that show respect to the worldly, call me Mr. Bum.

#113 TurnerNation on 07.08.21 at 8:53 am

Why is Ontariowe shut down? The book 1984 tell us.
The Purpose of Power is Power. Don’t over think it.

Standing by my prediction of a few weeks, that Indoor dining will NOT re-open in ON until 2022. If ever. Science yo.

https://toronto.ctvnews.ca/scientific-director-of-ontario-s-science-table-says-province-not-ready-to-enter-step-3-1.5499883
Scientific director of Ontario’s science table says province not ready to enter Step 3

—- Science is different here.
Basically, in Kanada your life should revolve around Covid. Any contrary, impure thoughts must be expelled from your mind. The amulets which provide the protection work in the mysterious ways.

1. Strong side effects? Means it’s working!

“COVID vaccine hangover: Stronger symptoms mean the shot is working, expert says”
https://www.680news.com/2021/07/07/covid-vaccine-symptoms-expert/

2. No side effects? Also means it’s PROBABLY working. Thanks for clearing that up.

“No side effects after your COVID-19 vaccine? Don’t worry, it’s probably still working”
https://globalnews.ca/news/7993645/vaccine-side-effects-immunity-covid-19/


— a reminder this virus is so deadly that the children are left alone with their test kits – and can spoof it.
Health Theatre

https://www.bbc.com/future/article/20210705-how-children-are-spoofing-covid-19-tests-with-soft-drinks

——————

— Wow 8 people! Thank you masters. Humans are the enemy in this WW3. We must be kept apart.
All part of the GLOBAL RESET Tyranny – think 2025…

.Fully vaccinated Singaporeans can gather in groups of up to 8 by the end of July (channelnewsasia.com)

.New South Wales bans church singing due to COVID – even over Zoom(reclaimthenet.org)

.Dublin marathon cancelled for second year in a row (rte.ie)

.Organisers to ban Olympic spectators as Tokyo declares coronavirus emergency-report (reuters.com)

.WHO warns against lifting COVID-19 restrictions too soon (euronews.com)

#114 Bethany on 07.08.21 at 9:13 am

Do you hear the people sing
Singing the song of lazy men
It is the music of a people who will not commute again
When your office is your home
You can work out and watch TV
You have a choice to live your life, financially free!

Will you join in our crusade
Who will be strong and Zoom with me
Somewhere beyond the cubicle is there a world you long to see
When your monthly dividends
Cover your monthly living fees
You can quit anytime because you’re financially free!
Financially, FREEEE!!!

#115 KLNR on 07.08.21 at 9:28 am

a reckoning on the horizon with employers.
4 million americans quit their jobs in april, another 4mil in may.

https://www.businessinsider.com/labor-shortage-quit-job-openings-record-vacancies-labor-department-2021-6?op=1

https://www.msn.com/en-us/money/careers/36-million-americans-quit-their-jobs-in-may-and-theres-one-job-opening-for-every-unemployed-worker/ar-AALTu1u

#116 SunShowers on 07.08.21 at 9:30 am

#82 ImGonnaBeSick on 07.07.21 at 9:19 pm
Sorry dude, I’m all out of tiny violins for people who can’t compete with pay below minimum wage.

The job of the government is not to ensure a supply of workers at whatever wage rates businesses set, and workers having the power to say no is not a policy problem that the government needs to solve.

#102 JPN on 07.08.21 at 12:40 am
In what province? If you’re paying 25 to 50% over CERB in BC, you’re paying between $16.50 to $18.75 an hour, which is between $0.40 and $3.50 an hour over minimum wage. Not particularly generous.

#117 KLNR on 07.08.21 at 9:49 am

@#106 Shirl Clarts on 07.08.21 at 4:08 am
Uh oh. Looks like we should’ve kept the mask thing going a bit longer.

A leading US disease expert says there’s ‘no doubt in my mind’ that vaccinated people are helping spread Delta

https://www.yahoo.com/news/leading-us-disease-expert-says-162253267.html-

or maybe the dopes who haven’t got the vax should get it. Bizarre deathwish from the antivax crowd.

#118 crowdedelevatorfartz on 07.08.21 at 9:57 am

@#107 Cheese.

“If anyone in Ottawa needs a dedicated, hard working and enthusiastic autodidact”

+++

I believe Parliament is full…..
Best of luck in another city

#119 Squire on 07.08.21 at 10:06 am

#78 The West on 07.07.21 at 8:03 pm
#12 DC on 07.07.21 at 4:00 pm

Many Canadians–primarily young–who don’t really fancy an honest day’s work? Not surprised.
—————————————-

Some more boot straps, hey? Let’s have a more honest conversation. What are they working for? Who does their future belong to and why, oh why, would they want to work in an economy they can’t afford to engage with?

Don’t blame the “primarily young” Canadians for T2’s Liberals…boomers and seniors vote just the same for their “social handouts” as the young do.

This whole country is a joke. Why work? Embrace the life the Davos Establishment (they have many disciples running Canada) wants the serfs to. They’ll own nothing, and they’ll be happy.
———————————–
Well said, there are many folks in Canada talking out of both sides of their mouths. They slam T2 but still want the handouts. A joke for sure and we’re heading down the socialist hole very quick too. Scary times.

#120 crowdedelevatorfartz on 07.08.21 at 10:16 am

Jody Wilson Raybould is out.

https://www.citynews1130.com/2021/07/08/jody-wilson-raybould-re-election-vancouver/

Shame but her announcement today might steal some thunder from wonder boy.
Trudeau is in town faux campaigning.
Hopefully someone in the Local media will shove a mike in his face and ask him his opinion about her announcement,

“Ahhh, errr ahh, SNC Lavalin is the best…”.

#121 Trojan House on 07.08.21 at 10:36 am

#112 TurnerNation on 07.08.21 at 8:53 am

Very funny about the side effects/no side effects but “probably” still working vaccine. Most people I know expect they will have some type of side effect from the vaccine after getting it. Especially after the second shot. Is this supposed to be a good thing???

#122 SandyR on 07.08.21 at 10:39 am

Wrk.dover, I have made a little more than minimum wage all my life usually 10% above minimum wage. I currently earn $15.50 an hour. I always worked 50 hours a week plus for 32 years now since I was 18 years old.

I learned to live within my means and never had any debt as a single person and no living family now for 20 years now always depended on myself. I got myself financially educated and informed and make the most of what I have, my RRSP’s, TFSA’s, GIC’s, dividend paying shares, ETF’s for many years now. The final result is me amassing $512,000 renting in modest apartment outside of the big city and having a decent used car that I can afford.

People have too many excuses why they can’t save and invest, pay down debt, be responsible in general and look critically at themselves. They have never grown up mentally and are still children.

#123 crowdedelevatorfartz on 07.08.21 at 10:48 am

Yep.
Jody “Steals His Thunder” Raybould attempts to “out Media” the breathless “Little Potato”

https://www.citynews1130.com/2021/07/08/child-care-housing-the-focus-as-prime-minister-federal-ndp-leader-visit-b-c/

#124 UCC on 07.08.21 at 11:51 am

#121 SandyR on 07.08.21 at 10:39 am
…I learned to live within my means and never had any debt as a single person and no living family now for 20 years now always depended on myself. I got myself financially educated and informed and make the most of what I have, my RRSP’s, TFSA’s, GIC’s, dividend paying shares, ETF’s for many years now. The final result is me amassing $512,000 renting in modest apartment outside of the big city and having a decent used car that I can afford….

—-

Well done!

#125 IHCTD9 on 07.08.21 at 11:52 am

#121 SandyR on 07.08.21 at 10:39 am
Wrk.dover, I have made a little more than minimum wage all my life usually 10% above minimum wage. I currently earn $15.50 an hour. I always worked 50 hours a week plus for 32 years now since I was 18 years old.

I learned to live within my means and never had any debt as a single person and no living family now for 20 years now always depended on myself. I got myself financially educated and informed and make the most of what I have, my RRSP’s, TFSA’s, GIC’s, dividend paying shares, ETF’s for many years now. The final result is me amassing $512,000 renting in modest apartment outside of the big city and having a decent used car that I can afford.

People have too many excuses why they can’t save and invest, pay down debt, be responsible in general and look critically at themselves. They have never grown up mentally and are still children.
———

That is pretty outstanding, and it goes to show that where there is a will, there is almost always a way. A plan, some resolve, and a lot of time can work miracles.

#126 Sail Away on 07.08.21 at 12:01 pm

Technical fails in:

Flyfishing:
https://news.orvis.com/fly-fishing/top-posts-of-2013-10-almost-but-not-quite-right

Guns: https://www.outdoorhub.com/stories/2017/04/25/9-worst-hollywood-gun-scenes-ever/

Sailboats: http://www.impropercourse.com/2014/03/whats-wrong-with-this-picture.html

Judgement:
https://www.youtube.com/watch?v=9hM78DrTKiE

#127 crowdedelevatorfartz on 07.08.21 at 12:16 pm

@#121 SandyR

Well done.
If you keeping going the way you have.
Easily $1,000,000 invested by 65

#128 Mean Guy on 07.08.21 at 12:52 pm

Nephew 1: Hard working, top of his class, lands excellent government job and is set for life. He’ll be able to retire with a 6 figure indexed pension at age 49.

Nephew 2: Didn’t bother to go to Uni, no ambition, no interests outside of video games. Minimum wage job.

Niece 1: Didn’t go to school but super hard working, ambitious, self confident, not enough time in the day for her. She has a high risk career and makes tons of money. Paid her house off in 2 years. She’s not yet 30.

Niece 2: No school, no ambition, thinks the government should just give her a monthly income so she can pursue her dream of being a slam poet or whatever. Minimum wage job. But seems happy enough, now she’s past her drug dabbling days.

Same family, same supportive parents, same opportunities, different results.

I have a soft spot for the struggling ones, but they made their own beds.

And they all will get the exact same amount of $$ when I go. Even the ones who don’t need it.

#129 Wrk.dover on 07.08.21 at 1:18 pm

Sandy R, your employer and landlord will weep at your funeral. I was once in a situation where I could have carried on, and reached your result, but whew, time moves so slowly living that humble.

#130 SoggyShorts on 07.08.21 at 2:03 pm

#127 Mean Guy on 07.08.21 at 12:52 pm

Niece 1: Didn’t go to school but super hard working, ambitious, self confident, not enough time in the day for her. She has a high risk career and makes tons of money. Paid her house off in 2 years. She’s not yet 30.

****************
Professional poker player or cocaine smuggler?

#131 VicPaul on 07.08.21 at 3:48 pm

#121 SandyR on 07.08.21 at 10:39 am
Wrk.dover, I have made a little more than minimum wage all my life usually 10% above minimum wage. I currently earn $15.50 an hour. I always worked 50 hours a week plus for 32 years now since I was 18 years old.

**I learned to live within my means and never had any debt**
as a single person and no living family now for 20 years now always depended on myself. I got myself financially educated and informed and make the most of what I have, my RRSP’s, TFSA’s, GIC’s, dividend paying shares, ETF’s for many years now. The final result is me amassing $512,000 renting in modest apartment outside of the big city and having a decent used car that I can afford.

People have too many excuses why they can’t save and invest, pay down debt, be responsible in general and look critically at themselves. They have never grown up mentally and are still children.

*********

I like people like you Sandy. You embody discipline and commitment to task – leading to goal fulfillment. Maybe not fast, but consistent.

Reminds me of the three C’s of Success –
Clarity (of focus on your goal-task)
Competence (on chosen pathway to attain goal)
Consistency (unwavering efforts to attain goal)

In absence of any other guiding framework, the above is fairly effective. Ask Sandy.

M57BC

#132 SandyR on 07.08.21 at 5:02 pm

I Can’t in good conscience take money that I know I could work and earn. What really pissing me off is anyone in Canada taking advantage of money they think is free from the government which it is not. It is not free.

It is one thing to need government assistance because you are truly sick, disabled, ill no fault of your own but I know many people who take advantage of the good nature of Canadians. I am grateful for my long time employer and understand the cost pressures, taxes etc. of running his business and I wish I could earn more but I like working where I work and the friends I have there.

I am very grateful I live in Canada but if we are not careful we go too much into socialism we will be in real trouble. I have talked regularly with a 2 women from Argentina and a man from Venezuela where they have family that have lived in their nightmare of socialist tyranny with their family members starving, disappearing, their businesses, life savings taken away from their government in their country.

#133 Repurchase Disagreement on 07.08.21 at 9:40 pm

#87 Sara and Garon

Proves when science meets sophistry , confusion and even deception may ensue.

If you look at the raw data you’ll see that very similar events happened in 1941 and very likely 1898.

The placement of the upper level ridge could have significant impact on the misoscale downslope compressional heating that enhances the Frasier Canyon temps with these set ups, so it becomes impossible to suggest any point observation can be representative of the highest temp associatited with such a localized event. It is then even harder to back a localized process-affected outlier background climate. It should be noted that the Lytton on site has changed location and elevation a number of times over the years.

Sara, back in the day one used to learn in the first week of meteorology school that weather is not climate. Unfortunately that distinction has now been lost to fear driven political expediency.