On Friday this dubious blog told you Canadian real estate sales in July would be 15% lower. On Monday the realtors announced sales were down by… 15%. Ta-da.
Now, whazzit mean?
Sales have fallen in four consecutive months. March was peak house. We told you that then. But not everyone agrees. Like Re/Max. Ignore the GreaterFool fearmongering nimrods, it says. Things are great (so buy now):
“Halfway into 2021 and the GTA’s housing market continues to fire on all cylinders,” said Christopher Alexander, senior vice president of Re/Max Canada (in a report)… “Without a serious influx of new listings to ease the upward pressure on pricing in the coming months, the market will likely continue on this upward trajectory.”
Okay, Chris, but this is what the stats show us:
- Two-thirds of all national markets suffered sales declines in July.
- Provincial sales were down in Ontario, Quebec, NS, Alberta. BC, Saskatchewan and PEI.
- The average price has dropped from $716,828 (March, of course) to $662,000. If you waited you saved $55,000, or 7.6%.
- Not only are buyers giving up, but so are sellers. Listings have plunged, down almost 9% in July. For example, recently there have been about 11,000 houses for sale in the GTA, the lowest in a decade and 35% under the 10-year average of 17,000.
Fewer houses to choose from means higher prices. Always. In demand areas of Toronto or Vancouver that continues to happen. And nationally, houses cost 22% more than a year ago. This has been abetted by crazy-cheap interest rates. After all, any bank will give you a VRM for scarcely more than 1.5%. Given that the official inflation rates is 3.1% it’s free money. No wonder mortgage debt recently grew by the most ever in a single month ($18 billion).
Okay, so why are sales falling, sellers recoiling, buyers retreating and national prices stalling despite a house shortage and bankers handing out free cash? After all, most people are vaxed, the economy’s reopening and for the first time in 18 months we have stuff to look forward to, like travel. (But not to Afghanistan. Or China. Haiti. Lebanon. Or Florida.)
This is not hard. It’s price. We hit the wall. Nine of ten people without houses can no longer finance one. Most people who own homes cannot afford to sell, pay the commission and tax, then buy again and pay closing costs without ending up with a lesser house. So they don’t list. And, besides, there’s precious little to choose from. Thus we have a vicious circle of disappearing vendors and purchasers.
Here’s the point the Re/Max dude was making. Conditions have never been better for a real estate eruption. Rampant economic expansion. Robust job creation. Mortgages under 2%. Population growth resuming. Government stimulus money flowing. Plus the aggressive nesting caused by WFH and the quest for sweatpants.
But when the average slanty Toronto semi is a million (unrenovated) and Covid caused hinterland values to rise by 40% in the GTA, the LM and even Atlantic Canada, the market stalls. It may stay that way until incomes rise (unlikely any time soon), inventories swell (not happening) or asking prices tumble (the most reasonable outcome).
By the way, housing starts are down, too. New house construction dropped in July. And we all know the current election campaign will deliver more of that same – promises to erect “affordable housing units” that never get built and are not intended for middle-class families.
So if you live in Saskatoon or Moncton it might still make some economic sense to buy, since owning is comparable to rental costs in those places. Don’t expect real estate to appreciate – just provide accommodation at a competitive rate. But in Toronto, Victoria, Vancouver, Squamish, Kelowna, Niagara, Caledon, Barrie, Halifax and even Montreal now, to buy is to toss the dice. Owning costs a big premium over renting. It’s only through rising capital values that redemption is possible. And if The People can’t afford homes at $1.7 million, how shall they buy at three mill?
It might be a good time to put that to Mr. Trudeau.
By the way, here is something the federal Liberals are apoplectic about. The voters found a spine. Oh, my.
About the picture: “I’ve been a loyal reader of your blog for about eight years,” writes David. “Please keep going for many more. Here is a pic of our new Golden Doodle puppy Ollie whom we’re training to be a support animal for my autistic son, Henry. This pic was taken this morning on a boardwalk in Nanaimo where we vacationed for a few days. She’s with my wife Sarah. I thought you might want to post it on your blog.”
137 comments ↓
“It might be a good time to punt Mr. Trudeau”
Fixed that one for ya.
I had a similar conversation about housing “affordability” today with a co worker.
( he “owns/mortgages a house in Westwood Plateau Coquitlam and has two condos mortgaged in the Smokanogan).
Just refuses to believe the RE sales market is dropping
Honest question:
What’s the difference between ‘affordable housing’, ‘taxpayer-subsidized housing’ and ‘government projects’?
Speaking as someone living in the big smoke (at least for another 2 weeks until I bugger off to Halifax to pay higher taxes for a lower standard of healthcare, but the rent is cheap!), the city can barely keep TCH funded. How in dog’s name will they add more capacity to something Cressy can barely manage as it is, and keep it in good repair?
Sorry Garth but I disagree. Lots of people can still afford to buy at these prices. Anyone who already owns something and who has substantial equity in the property. This is quite a few people. No first time buyer ever buys a SFH in Vancouver or Toronto. Sales are falling because there is such a shortage of listings. Lowest level of housing inventory in years. There are only a handful of properties for sale in my neighbourhood of Vancouver and these are not that great.
If you don’t want to be DELETED, focus!
…and be Anti-tax!
I don’t trust these liberal wealth vacuums that are about to be injected into my portfolio. I have the Revenue Canada passport proof that I paid my taxes, but it’s not enough for them to stop coming for more.
Not only do they want to inject their hoovering microchips into my stash not once but twice, it looks like they will try to come up with a booster to vacuum more of my stash come spring and new budget.
When will all these taxation booster shots end?
Not…DELETED…because it is: (Anti-tax)!
“Ta-da”.
Still killing myself laughing.
Cdn RE sanity returning. Much quicker than I would have imagined.
Good on you Canada.
—————–
PS:
Beautiful photo David from Nanaimo.
All the best to you.
It might be a good time to put that to Mr. Trudeau.
+++++++++++++++++++
He would tell me to go forth and multiply and that my budget would balance itself.
Ofcourse the bigger losers in all of this will be the renters.
Once the eviction moratorium get lifted we will see a decent wave of ex-rentals listed, secondary suites tenants who didn’t pay rent or are too noisy, smoke or annoyed the landlord will get evicted for landlord possession, some 20 or 30 something will move into their parent’s basement suites to save money for a down-payment and all of this will lead to less rentals ,a dead cat bounce in RE prices followed by a normalization before the next take-off .
Here in LM West of the Fraser(Van ,Burnaby,TriRiver) prices are steady with barely a decent listing ( there are some “sucker net” ones, at 50% over assessment) while East of the Fraser prices are up some 10% MoM on reduced listing, approaching plateau.
Ofcourse the whole expectation that landlords will provide free accommodations without going bankrupt or being OK with losing money was a fantasy out of academia ( if you can’t do you teach,not all but majority) and left leaning politicians minds.
A whole lot of screaming on tap for the next few years.
No worries though.
JT will make it all better just like your mom did when you were a child.
Remember JT only wants to please everyone in the world and would never let your household balance go astray.
He’s the wonderkid and makes all things happen positively to all people all the time.
The end.
So if you live in Saskatoon or Moncton it might still make some economic sense to buy, since owning is comparable to rental costs in those places. Don’t expect real estate to appreciate – just provide accommodation at a competitive rate. But in Toronto, Victoria, Vancouver, Squamish, Kelowna, Niagara, Caledon, Barrie, Halifax and even Montreal now, to buy is to toss the dice. Owning costs a big premium over renting.
What about Calgary?
Some red meat for your devoted righty followers Garth.
“Justin Trudeau touts need for “she-covery”
Many Tweets on this but I used Mad Max’s Tweet ’cause it was handy:
https://twitter.com/MaximeBernier/status/1427707874180993024
Justin believes Canada is in a she-cession.
August sales for Vancouver, the market I follow, are on track to number 3,200 for the month.
That’s 25% higher than the 10 year average, 5% higher than August 2020, and that’s with inventory 27% lower than the 10 yr average and 26% lower than last August.
There’s currently a 3 month inventory of housing units for sale.
Prices are about to explode higher in Vancouver and Toronto.
A couple of comments to yesterday’s comments.
1) Vaccine passports are not equivalent to eugenics or a form of government overreach ,they are simply a way to save the herd from themselves.
2) American history
WW2 : Abandoned East Europe to Russia
Vietnam: Abandoned to vietcong
Korea War : Abandoned the North to the Russians really
Hong Kong: Abandoned to China
Afghanistan: Abandoned to the Taliban
Canada : Abandoned our diplomats to the Chinese ( Huawei retaliation)
Pressured us to open the borders to Americans while banning us from going there
Next to come Taiwan likely
Why are we so surprised and continue to put all of our eggs in that basket whoke admiring them and believing the BS ?
Urban rents are about to explode higher as well.
No one will want to leave the unit they are in, but many will get renovicted out.
New builds will charge dramatically higher rates than ever before.
Sorry to be the bearer of bad news.
I will be leaving for Europe and eventually Asia to look for a better place to spend my retirement savings.
See ya on the other side!
BTW, “she-cession” “she-covery” apparently is flummoxing many a Canadian.
Go into Twitter and search for “she-covery”.
—————-
My favorite rebuttal so far is:
“Him-peach this *”
*Word for someone with an IQ of 51–70.
If you sold recently and now renting, you are in the driver’s seat for sure, hold until the fall of 2022 and buy 25-30% cheaper.
I sold my summer place, If everything stays on target, I will pick up a similar one next year at laughing prices over the people who threw away part of their nest eggs this year.
I dunno all the houses and condos I follow on Zolo are selling for higher and higher prices in all areas of Ontario. The only thing crashing today is the markets.
The Dow is down 0.79%. That’s no crash. Not even a quick burp. – Garth
I look forward to the day he is no longer Photo-op Minister Trudeau. On Sep 20, may we collectively say, “pound sand, Mr. Trudeau!”
I mean I know it’s only Day 2 of the election but on Twitter I try to follow Left and Right sources and the one source that for the past week or so that is dead set against Trudeau are:
The Indigenous.
Not happy about Libs blocking their right to develop resources the way they would like and of course, the decades old potable water problems.
Their posts, at least 3 or 4 sources so far that I follow, have been cordial but to the point.
Also noticing that what I would describe as Lefty sources less than kind so far to the Liberals.
—————–
Still say something will happen that will sway a Con victory. Not sure yet what that will be, Delta surge? Who knows?
Stay tuned many more She-election days to come.
#184 HeHe on 08.17.21 at 12:52 pm
@#173 IHCTD9 on 08.17.21 at 10:29 am
Sail Away and I will be sitting in the shade watching with a couple cold ones, a few smoked graylings and a side of sautéed wild mushrooms recalling how good Canada was to us, and just how much things have changed.
–
Every generation has a couple old fellas lamenting how great it used to be.
___
Yeah, but now the kids are sayin’ it too.
In my zip code listings are down 50% from the 5-year average and absorption (monthly sales/active listings) is 70%.
Buyer fatigue and price insanity have taken the wind out of the blind auction trade, but it’s a sellers’ market for sure.
Listing grid-lock is the main problem. I don’t see prices moving until people can see where they’re going.
#12 Dolce Vita
Trudeau sure shows himself to be one sick puppy in that clip.
Read and weep.
Hard to sell if there isn’t anything to sell within ones price point. And if one hasn’t bought since the first fear of 2008 good luck.
Has anyone really done the math between what one is paying for rent and offsetting the cost to save to buy. And what house prices really have to come down to. In order for the couple or person to buy?
https://mobile.twitter.com/EdgeREAnalytics/status/1424721908302585865
Will the US and China slug it out over Taiwan before 2025?
https://www.reuters.com/world/china/china-says-military-drills-near-taiwan-were-response-provocations-2021-08-17/
Have been keeping an eye on Toronto real estate (detached and semi-detached homes mostly) and finding the following:
1) seems that investment properties are the ones being unloaded the most…sellers aplenty, not so much for the buyers;
2) many residential sellers are still trying for the bidding war…when it doesn’t happen (and it isn’t) the property is taken down at that price and relisted at $2-300,000 higher. Do buyers really look like idiots?…
3) Most of the properties that have been listed at this higher price aren’t selling very quickly either…buyers have had enough perhaps?
4) But the real estate industry just keeps pumping along…
September should be interesting….
So, VRM question because I have to decide within a month or so. Should I go with VRM for 5 years or fixed? VRM is about .75 less than fixed. Comparing the monthly payments on each though, the difference isn’t substantial.
I think I know the answer because I’ve been following this blog forever. Go fixed because rates will be rising soon and continue doing so.
13 The Facts:
Prices are about to explode higher in Vancouver and Toronto.
Correct.
It’s a bubble, and there will be no price adjustments until the crash.
Tick Tock Tick Tock
#12 12 Dolce Vita
That is a much watch video, thanks for the link
Last post Garth.
TOURIST TIP Canadians planning to vacation in Italia
Bring vax proof!
I wonder what Canada will do after the election when it brings out (as promised by the Libs and if they win) their version of a Cdn Green Pass?
In Italia it is being enforced by Il Viminale our Interior Ministry. Few Covid restrictions left in Italia so most of these over the past 2 days are Green Pass Checks:
162,162 people checked, 69 to court to explain themselves and 7 reported.
12,829 businesses checked, 32 owners off to court to explain themselves and 9 business closures.
BTW, Il Viminale well aware of Green Pass scams, fake certifications etc.
Do not game them if you come to Italia (or France, Greece) Canada.
————–
Italians by in large Green Pass compliant (and the vast majority in favor). Again, August when most of Italia is on vacation, called “Ferragosto”. Any bellyaching would come out now as Italians travel, fly, take the train, use hotels, go to museums, concerts, etc.
The Interior Minister is Luciana Lamorgese. I am all for Gov Italia enforcing its Green Pass decree.
You go Luciana!
Have seen a few T2 interviews and he seems to be really happy and has the same gleam in his eye when he said early on in Wave One that “there will be no way any vaccine will be available any sooner than 18 months”, and you could see the joy the promise of Power brings. Can’t recall if that was just before or after the bill that was going to give them Carte Blanche spending power they tried to sneak by the opposition parties, but luckily didn’t.
And remember Canada, there is absolutely no fiscal or monetary policy lever that Canada can pull that will change the temperature of the planet. At all. In any way. To assume so is an admission of not understanding the science. Sure it’s great to innovate and improve energy related technologies, but the foregoing is an absolute scientific fact.
@#14 El Guacamole History
“2) American history
WW2 : Abandoned East Europe to Russia:
Nazi Germany was pushed out of Eastern Europe by Russia.
Vietnam: Abandoned to vietcong:
After France retreated and left Vietnam to the communists the US entered, 15 years, 65,000 US lives and hundreds of Billions later. Left.
Today? Vietnam hates China and wants to work with the US.
Korea War : Abandoned the North to the Russians:
Russians? The US and Nato Pushed the invading North Korean troops all the way to the Chinese border and then fought 400,000 Chinese troops to a 65 year Stalemate.
Hong Kong: Abandoned to China;
Hong Kong was a British Territory not US controlled.
Afghanistan: Abandoned to the Taliban.
20 years, 1 trillion dollars and several thousand U.S. lives the current President walked away from an epically corrupt Afghan “leadership” that flew out two days ago with a helicopter full of cash and luxury cars….
Canada : Abandoned our diplomats to the Chinese ( Huawei retaliation)
Businessmen(spies?) grabbed by China for a “trade”.
Sadly the dictators in China still dont understand how democratic Legal systems work.
Pressured us to open the borders to Americans while banning us from going there.
“Pressured us” , How? By refusing our back bacon? Our aluminum for Budweiser cans?
Next to come Taiwan likely
W…T…F….?
El Gato……Stick to Guacamole.
No she-cession in this house, my she-wife she she-retrained and got her she-diploma and started her she-business making her she five figure monthly without blaming stuff on others ( except Trudeau which she finds she-sickening)
DELETED (Anti-vax)
#23 CJohnC on 08.17.21 at 4:06 pm
#12 Dolce Vita
Trudeau sure shows himself to be one sick puppy in that clip.
…..
Lord of the idiots comes to mind…it’s gonna be a long 36 days…followed by more years of idiocy….
Add New Zealand to the list of countries with closed borders. Not that they had opened them yet to general international travel, but there were some other countries included in their ‘bubble’. Now apparently the door is slamming shut again.
As for housing, a headline I saw today mentioned Home Depot sales are down & implied that reduced sales volume might be an early warning sign of a housing contraction. Myself, I think it a sign that people are beginning to resume working out of their homes & no longer have the time to fit in some home improvement projects as part of their daily routine. That time is now going to the daily commute, because traffic volumes are way up. I actually was ‘stuck’ in traffic today for a couple of minutes. Been a long time since that last happened! Of course, Covid cases are increasing so maybe there will be another shutdown to reduce traffic volumes, but right now I’m expecting traffic to be back to ‘normal’ once the Labor Day weekend is past.
#12 Dolce Vita
I think JT is trying to compete with SD for Martha’s attention.
https://www.youtube.com/watch?v=PiAvfcfIzac
Regulatory policy concerning banks and mortgages is definitely within T2’s power to deal with. Land use is not. Don’t let provincial and municipal governments off the hook for restrictive land use policies, and for not adequately planning ahead for population growth through expansion of infrastructure, both of which are an important causes of our current real estate predicament.
I think Justin may have miscalculated. By making mandatory vaccines and passports a wedge issue, he is pushing a significant block of votes over to O’Toole.
There are plenty of center left small l liberals that either don’t want the shot or have been vaxed but don’t want an authoritarian society to take hold. Then you have those who were all for mandates and passports a month ago, but are now starting to realize that they themselves may have to keep getting boosters and/or new vaccines due to variants in order to keep their passport valid.
He may also bleed votes to Jagmeet, as he will ensure that the goodies flow as we saw with CERB.
It may be a long shot, but wouldn’t it be ironic if Justin’s attempt at a majority results in him losing outright?
Early polling shows the opposite. – Garth
On Friday this dubious blog told you Canadian real estate sales in July would be 15% lower. On Monday the realtors announced sales were down by… 15%. Ta-da.
////////////////////
Funny you should mention that. Sales here in Welland have been on the uptick the last couple of weeks.
Forgot to add:
https://m.youtube.com/watch?v=lUd9GLUN2ks
I think he needs to tone it down befire he scares away his own base.
Im a day late with this question.
If in fact the Cap Gains inclusion rate is changed say Budget Day in March 2022 what would be the date that it would start.
Would it be retro to Jan 1 2022?
MONETARY HEROIN JUNKIES
Before long, no more Dr. Feelgood. A ton of overindebted monetary heroin junkies will shortly be experiencing severe withdrawal pains as the banks begin weening them off the easy cash infusions. With the fast approaching” Mean Reversion,” in both the stock and real estate markets, the heavily exposed banking cartel will be pulling in their lending horns. This means no more monetary heroin for a great number of addicts. Their friends and neighbors will also suffer sleepless nights as the monetary addicts wail away into the night, “why me Lord, why didn’t someone stop me”? Help, please, helllpppp, is there any one out there? Fear not, your prayers will be answered as the predatory 3rd, 4th, and 5th tier lenders begin circling. As I have predicted on numerous occasions, Beware The Ides Of November. I am on my throne and I will not step down.
#31 crowdedelevatorfartz on 08.17.21 at 4:44 pm
@#14 El Guacamole History
=======
Funny , you win this round.
Peak boom coincided perfectly with peak house – March, 2021. Funny how that works. It is as if financial markets are they key driver ;)
The re-opening bounced growth, but the media is very quiet on the real data.
World International Travel up until May is -85% of pre Covid, worse than last year, which was -73%.
The delta variant has case numbers exploding everywhere causing a slow down in China. Remember when they said we would get back to normal this Summer. Epic 180 because the facts are changing and nobody knows where this thing is headed.
And there is very little talk about new stimulus to counter the rapidly deteriorating economy.
In Canada, many benefits start ending in October and there are a lot of people who have barely been clinging on who will get flushed.
The coming correction or crash will start the printing press again.
We are following the same path after the last big recession. Crash, pop, softening, correction, stabilizing, growth. No surprises here.
The softening and correction part is on the horizon. In 2011 housing markets were slumping. 2022 and 2023 will be a similar slumping situation for Canadian housing markets and if the Feds do not manipulate / support it, it will stall and nosedive.
Politically speaking though with the timing of the election it seems to me like the next party is setting up to take the brunt of this on the front end of the new term so that short term thinking Canadians forget about the carnage that hopefully dissipates by the time another election comes around.
All the ques are pretty obvious, but that is just how the cycle goes and pros know how to play it best.
@#17 Chalkie on 08.17.21 at 3:41 pm
If you sold recently and now renting, you are in the driver’s seat for sure, hold until the fall of 2022 and buy 25-30% cheaper.
I sold my summer place, If everything stays on target, I will pick up a similar one next year at laughing prices over the people who threw away part of their nest eggs this year.
–
as long as your summer place isn’t waterfront or a century home with land you might save a little bit. Might. Don’t hold your breath though.
Just went back to my Econ 101 textbook.
First paragraph states “ A 40% increase in an asset class such as housing with no commensurate wage growth is not only sustainable it is a pure fact to the gullible. Especially during a pandemic.”
You need to be some kind of stupid.
The whole “affordable housing” thing is a complete joke, at least in Montréal, where the local government allowed the developers themselves to administer sales of what were supposed to be regulated “affordable units.” The developers sold the affordable units to
doctors, RE investers, foreign speculators and even the friends and families of the developers themselves. The rich and privileged investors and speculators then rented out the units they were able to buy at a discount for top dollar to working stiffs.
https://www.journaldequebec.com/2021/08/13/immobilier-condos-abordables-pour-medecins-et-investisseurs
https://www.journaldequebec.com/2021/08/13/immobilier-condos-abordables-pour-medecins-et-investisseurs
The only English-language article I could find on the subject (strangely, the Montréal Gazette doesn’t seem to want to touch this one):
https://www.townoflaronge.ca/real-estate-affordable-condos-for-doctors-and-investors/
The whole industry is so corrupt it’s no wonder the Wokes are pissed off with what they perceive to be “capitalism,” which in reality is more like the worst form of vulturistic greed.
John Horgan is back from holidays.
Time to assess how many Interior towns have burned down and the status of Covid cases pushing towards 1000 cases per day in just Kelowna alone (a population of just 20% of the province producing over 60% of all province wide cases) causing the rescheduling of surgeries and the meltdown of local hospital services along with evacuees having to sleep in cars due to tourists having the rooms booked.
Whoops.
And the short sighted business community behind this profit before safety re-open push are learning the hard way, again.
F+ grade at best.
F- grade for Dave Eby and his money laundering file (that is supposedly why BC houses got so expensive) that went quiet as well as Selina Robinson making BC affordable to live again. They have pretty much disappeared on permanent holiday while affordability has plummeted like never before in all corners of the province now, not just Vancouver.
It might be a little unfair to single out Florida as places not to go. We have thousands of people crossing our southern border that includes thousands of covid sick people. They’re being bussed and flown to different parts of our country untested and unvaccinated. Maybe replace Florida with “the states”. Stay safe
Another self righteous pious Abbott (Gov of Texas) who outlawed and ridiculed masks, has come down with the virus, just a day after hosting a mask less party.
Who elects those people?
This is what happens when Lower Mainlanders meetup with Albertans…in Kelowna.
BH lifted restrictions, so we came, we caught Covid and then we burned the place down.
That was one hell of a party. Wheeeeeeew!
Top Reasons Not To Vote Liberal:
1. Housing Crisis – Trudeau and Liberals plan to increase immigration to 400,000 this year and 1 million over 3 years – where is everyone going to live? Many ordinary Canadians are finding it impossible to afford a house and extremely difficult to even find a place to rent, not only in the cities, but in small towns and rural communities. Whether you believe the housing crisis is due to low interest rates, massive govt debt, immigration, foreign buyers, speculation or all of the above, the problem has gone from bad to worse under the Liberals.
2. Trudeau is an ideologue and has lost the moral authority to lead this country. He has divided Canadians like never before. He uses identity politics to segregate people,
everyone now is either a victim or oppressor, he stokes hatred between races, between men and women, between straights and gays, between trans and normal, between Millennials and Gen X, between Gen X and Boomers. Everything and everyone is a category, an identity, some form of division that must be amplified, pitted against one another, one is a victim, another is an oppressor, everyone is someone else’s adversary based on skin colour, place of birth, gender, gender identity, sexual orientation. Instead of resolving any kind of problem, he is creating problems, creating racism, fear, hatred between everyone where none existed before.
3. Trudeau is a pathological liar. During the 2015 election, he promised to reform the federal election system and that “2015 would be the last first-past the post election”.
After he won, he didn’t reform the electoral process. He’s a total fraud and liar.
He lied about wearing Blackface. First said it was a one-time thing, then when he was exposed as a serial Blackface wearer, admitted he couldn’t remember how many times he wore Blackface. What normal person wears Blackface so many times? He might have some very disturbing underlying psycological issues that might explain his fascination with Blackface.
He lied about SNC Lavalin and the fallout with Jody Wilson Raybould. He lied about the WE Charity scandal.
4. Trudeau and Liberals with their “media bailout package” with billions given to the CBC,CTV, Global, Toronto Star etc annually, has effectively turned them all into the marketing department for the federal Liberals and all of their causes. They are no longer journalists reporting the news, but instead, they tell Canadians what to think, how to think, who to demonize. They are now propaganda outlets, the new Ministry
Of Truth that Orwell warned us about.
5. Trudeau and Liberals also work with Big Tech to sensor the news to fit their agenda, and deplatform and demonize anyone who disagrees with them.
Is Hulk Horgan the next Layton?
I think he’s got the chops to run the country, if he decides to go for it.
Done a fabulous job in BC.
This land is for the sitters….watchers…think they’re special b/c they post comments on bloggers – waiters, react (not lead)’ers. T2 knows this as well. Shot to the ego when you realize your not as popular as you thought. Especially when you think you are…ooooohh. Ouch!
Hey, Mr. Hair/Socks! What’s with the NA’s? I lost interest too…so did you, don’t lie.
Holy crap, its hard to talk to people today b/c their so pissed off at something – then you’re antisocial if you don’t feel that way? Say nice hairdo to a lady (like seriously Top assets) and you’re a Metoo! Is everyone ‘undefined’ now?
People are realizing they’re sick of the shit – question is, what shit do you want to be sick of – take your pick. Housing might be one? But i’m happy/sad at what some of the others might be.
HUG group is early this week!!
Og
@ #12 Dude, maybe rub two brain cells together and go to google and try your luck with the phrase SheCession.
Lots of hits, dating back as far as March 2020. This is not Trudeau’s word or idea but he is smart enough to use it. In case you are unaware, more than half of voters are women and women lost a disproportionate number of jobs due to COVID lockdowns. Trudeau knows this. Guess what that press conference was about. Child care. He is going to use this to attack O’Toole and keep Singh at bay.
If you want to beat Trudeau you need to put your loathing for the man aside and deal with him as an adult. Scheer could not and Scheer, as Peter McKay said, missed a shot on an empty net. Lets hope O’Toole knows how to play the game and keep his emotions and feelings for Trudeau in check (unlike so many who comment here)
#2 crowdedelevatorfartz on 08.17.21 at 3:08 pm
I had a similar conversation about housing “affordability” today with a co worker.
( he “owns/mortgages a house in Westwood Plateau Coquitlam and has two condos mortgaged in the Smokanogan).
Just refuses to believe the RE sales market is dropping
—————-
A plumber who owns 3 properties?!
As I said the other day, plumbers are making far too much for their education levels.
You just proved me right.
They are the nuveau riche.
And I say it again, tax them hard and tax them often.
This appendix includes 13 statistical tables that provide updated historical data (notice the repo spikes)
Table G.5A. R page 211
https://www.federalreserve.gov/publications/files/2020-annual-report.pdf
======
one active customer -who? Out of 550 customers – was singled out to have access to the user names and passwords of 550 trading accounts, for 14 years.
SEC Charges Electronic Trading Platform for Operating As An Unregistered Broker-Dealer
The SEC : FOR IMMEDIATE RELEASE
2021-113
Washington D.C., June 29, 2021 —
The Securities and Exchange Commission today announced that Neovest Inc., a provider of an order and execution management system (OEMS) that facilitates electronic trading, has agreed to pay a $2.75 million penalty for its failure to register as a broker-dealer in violation of the federal securities laws. This is the SEC’s first case charging an OEMS provider for operating as an unregistered broker-dealer.
According to the SEC’s order:
“From 2004 to April 2018, Neovest replicated an internal database containing customer authentication information from a server used to log customers onto the Market Data Platform to a server set up locally at one of Neovest’s most active and longstanding customers, which allowed that customer to log on to the OEMS Platform without having to connect through Neovest’s server. The replicated authentication database contained customer user names, passwords, email addresses, answers to security questions, and dashboard layout preferences.”
You’re right about travelling to China.
The news is not very comforting for Canadians right now.
They arrested another Vancouver born entertainer on what seems to be drummed up charges.
Usually, we go for a visit in Autum, but our relatives there are cautioning us.
We’ll see.
Every single summer the number of real estate sales in YVR decreases substantially in comparison to the spring. It doesn’t mean much yet that the sales are lower as compared to March in YVR. This question needs to be revisited in the fall. Just wait until the exodus from Hong Kong ramps up with many holding Canadian passports heading to our major cities (Toronto and YVR). Many of these Canadian passport holders have beaucoup resources (owning a little apartment in HK is 1–2Million Canadian).
The log yards all through the B.C. mill towns are plugged according to my trucker buddy. Truckers notice that kind of thing because B.C. logging truck drivers are the best & long haul owner operators are always on the lookout for unemployed good drivers to spell them off. Construction material demand has got to be down. Not on the west side of Van town of course. There fresh money never stops pouring in. A ticket to play starts at 3 mil. 5 mil realistically takes off the pressure. 50% new builds are spec & 50% built to owners specs for owner occupied.
T2’s campaign song;
https://music.youtube.com/watch?v=IL_LiGCV82g&feature=share
https://www.macleans.ca/society/typical-vaccine-hesitant-person-is-a-42-year-old-ontario-woman-who-votes-liberal-abacus-polling/amp/?__twitter_impression=true
—-
Ruh-roh… There goes the narrative
@#56 Ponzies Plumbing the depths
“A plumber who owns 3 properties?!”
+++
Nope.
Not plumber and if you had carefully read my comment before scurrying to the keyboard…
He doesnt “own” any of them…….
Man, when I was younger, I used to love watching my olive skin turn dark brown as the summer rolled on, nowadays I can feel my white privilege being drained away with every hour I spend in the sun.
Shouldn’t be toppling bronze statues, just put a hat and some sunscreen on them…
M47BC
M47BC
Beautiful photo there David.
A reminder of what is truly important.
Cheers,
BC Doc
“Early polling shows the opposite. – Garth”
++++
Patience Uncle Garth.
35 more days of Trudeau’s handlers trying to avoid any situation where the PM might “go rogue” and offer an unscripted opinion on almost anything….
“Gift the Devil a horse and he’ll ride it straight to Hell…”
@#58 Ponzies Peking Predicament
++++
Ponzie.
I promise on my faux plumbers tool belt…..
If you get grabbed in China by the Red Guard gestapo I’ll be at the Embassy in Vancouver the very next day,……..waving a toilet seat demanding justice….
Keep an eye on lumber prices because that is the harbinger of the overall housing market and the economy.
Lumber prices are way down from the earlier ridiculous peak.
#2 crowdedelevatorfartz
I know a guy who is a flatfoot cop who has a big family and rents their house and over the last two years has bought (mortgaged) houses in the valley and he is now partnered up with another guy on still more houses. EVERYBODY and I mean EVERYBODY is into real estate investing now. It’s madness.
But Justin’s socks are so cool!
Well, from my perspective, things are quite good. Fabulous summer weather continues, the mountain biking is beyond excellent, dogs are sharp and fit for the hunt, blackberries continue to abound and the salmon are showing up.
Politics? Who cares. None of them are bad people and we always seem to come out ok, you know?
Older guy at work asked me today why I’m always so happy.
I responded it’s probably because I’ve only had to live here under one Trudeau.
Things could always be worse…
M47BC
In June everything was reflating…enter August and day by day the economic news is not so peachy. Consumer sentiment and retail spending are down…but prices are up. Economic juggernaught come the fall? Timely election.
Not a great time for lots of debt.
@#71 Sail Away
“Politics? Who cares. None of them are bad people and we always seem to come out ok, you know?”
+++
The bad people dont seem to do as much damage as the rich , stupid people that end up in charge.
@#72 Flop
“Older guy at work asked me today why I’m always so happy.”
++++
After years of soul sucking “training sessions” and ” empowerment strategizing” …. you’ll realize that , like prison, you never, ever whistle while you work…….
#56 Ponzius Pilatus on 08.17.21 at 7:17 pm
#2 crowdedelevatorfartz on 08.17.21 at 3:08 pm
I had a similar conversation about housing “affordability” today with a co worker.
( he “owns/mortgages a house in Westwood Plateau Coquitlam and has two condos mortgaged in the Smokanogan).
Just refuses to believe the RE sales market is dropping
—————-
A plumber who owns 3 properties?!
As I said the other day, plumbers are making far too much for their education levels.
You just proved me right.
They are the nuveau riche.
And I say it again, tax them hard and tax them often.
———————————–
Tax plumbers specifically? I think they are paying the same graduated tax rates as anyone else in this country.
They wouldn’t be making so much if a few young lads opted for a Journeyman’s from a trade school rather than a fine arts degree from wherever. Supply vs. demand and all that.
And if this particular plumber was better educated in the ways of mathematics and finance, he might not have 3 mortgages. But leverage has been the key to wealth for a long time. Don’t just bet your own money, bet the bank’s too.
#72 Flop… on 08.17.21 at 8:29 pm
Older guy at work asked me today why I’m always so happy.
I responded it’s probably because I’ve only had to live here under one Trudeau.
Things could always be worse…
*******
Yup…a Harperite could return from the closet realm.
#50 Ponzius Pilatus on 08.17.21 at 7:06 pm
“Another self righteous pious Abbott (Gov of Texas) who outlawed and ridiculed masks, has come down with the virus, just a day after hosting a mask less party.”
———————————————-
You forgot to mention he is fully vaccinated.
And the vax will probably save his life. That’s the point. – Garth
Looks like the conservatives are in for NS… Smells like trouble for Trudeau.
There’s only one way Canada is turning Blue and that is if all the grey crotches turn back the clock and get out and vote.
Nirvana actually had a song about it.
Smells Like Senior Spirit…
M47BC
#50 Ponzius Pilatus on 08.17.21 at 7:06 pm
“Another self righteous pious Abbott (Gov of Texas) who outlawed and ridiculed masks, has come down with the virus, just a day after hosting a mask less party.”
———————————————-
You forgot to mention he is fully vaccinated.
And the vax will probably save his life. That’s the point. – Garth
———————————————
Garth, that is very much possible, but not entirely certain.
The question is, do we now have to be vaccinated, continue with the boosters and also wear the mask? For how long, considering the mutations could continue for years, or forever, just like other coronaviruses?
Nonpulsed a plumber can always do CASH CASH NO RECEIPT.
Hello “Choice”,
Your piece warrants repeating full length !
My thoughts and glad you penned it here in Garths blog.
Calling the liberal govt liars and a fraud is strong, but 100% accurate & what has happening to Canada.
Thank You. I trust intelligent, voting Canadians have had Enough of that tyranny.
Nova Scotia and Atlantic Provinces…
I’m just back from a four week visit there.
Really struck me how old the population has become. Everywhere I went most people seemed about my age or older and I’m 61. Frightening!
I was impressed that the job market is strong. More jobs than workers available. But that’s because so many people are retired. Another bunch are on SERB or some kind of government welfare.
I saw first hand that it’s hard to get workers in the hospitality industry.
Better bring in some immigrants.
Think, I’ll stay in Alberta. Glad my kids were raised here.
NEVER EVER have i gone into an election not liking anyone.
I 100% cant get behind O’Toole right now because of the stuff he’s spouted in the past (he’s a Harperite, and we’ve been there before).
But yet, the alternatives are just as bad, or worse..
The stuff Singh is spouting is nothing other than populist nonsense, SOME of it I agree with, but the majority of it i dont.
The biggest thing people SEEM to care about is property prices, and not a single one of them is suggesting the ACTUAL things which will make property more affordable – higher rates, etc etc.
#81 Tripp on 08.17.21 at 9:43
The question is, do we now have to be vaccinated, continue with the boosters and also wear the mask? For how long, considering the mutations could continue for years, or forever, just like other coronaviruses?
————
Exactly.
Many respected experts from inside the pharma industry and top virologists, epidemiologists and others from Harvard, Stanford, Oxford and elsewhere, have been saying this all along. Their views have been silenced and replaced with Dr. Bogosh. Who the hell is Dr Bogosh anyway, and who made him the authority on all things covid? I digress.
quote : “The question is, do we now have to be vaccinated, continue with the boosters and also wear the mask? For how long, considering the mutations could continue for years, or forever, just like other coronaviruses?”
Depends 100% on selfish people, and how quick we can get the vaccine to the poorer countries.
IF we (and USA, europe/etc) can get 90+ people fully vaccinated, then chances of other problems are low.
But mutations can and will still happen in other countries. Best WE can do right now, is NOT be selfish and protect ourselves and our loved ones as best we can RIGHT NOW.
“just like other coronaviruses?””
You realize this IS another coronavirus?
#56 Pilate
A plumber who owns 3 properties?!
As I said the other day, plumbers are making far too much for their education levels.
You just proved me right.
They are the nuveau riche.
And I say it again, tax them hard and tax them often.
———————————
What I have learned over the past 16 months, is that there are many repair jobs that I can do myself, without simply throwing $$$ at the problem. Some of these “contractors” I have found really rely on the ignorance of homeowners to overcharge and exploit them, charging big $$$ for work of dubious merit/quality.
1. needed a new roof. Had an initial quote (which was 8K more than the company we went with), where the “contractor” said that we probably needed to replace much of the plywood boards. This was in April when plywood was at an all-time high. Took high to the attic where we could see that the plywood looked in good shape. He told me “It’s the stuff you can’t see”. Went with another company that was 8K less and in the end, only 3 plywood boards on a 3100 sq foot house needed replacement.
2. Had these college kids knock on the door from Scholar’s edge (based on some ultra-capatlistic company in Calgary that makes 21 year olds “operator manager” on projects) come in March who ended up giving us a quote for 4.5K to paint the trim on our house. Looked at it and had them come back to discuss. Asked them how they would paint a window? (i.e. do you do the edges that you can see only when the window is open? Do you use painter’s tape to protect the glass, or a razor blade?) They had no answers to this question. It was clear that these kids had no clue. Ended up using 2 weeks of my vacation and did it myself, even on high ladders that I rented… only cost about 500 all in.
3. Neighbour had a quote of 1700.00 to trim a large walnut tree on their property that overhangs our yard as well. Nuts… we decided to do it (perhaps not as well) ourselves with ladders, harnesses and these extension poles. Good enough… 1700 dollars saved, and the neighbour will help us when the time comes…
I am not sure if people completely understand the idea that if they really take on these repair jobs themseleves, expand their reportoire with tasks, really learn how to cook interesting meais, that they don’t need to make oodles of $$$. For me it has been an eye opener in these past 16 months what I am willing/able to take on. Our family, earning in the 1%, has always been frugal and never more so during the COVID period.
The only thing we miss is hopping on an airplane with backpacks off to so ecotourism-type adventure in countries where you can eat and live well for relatively cheap (getting on a cruise ship would be as foreign to me as speaking Chinese).
#81 Tripp on 08.17.21 at 9:43 pm
#50 Ponzius Pilatus on 08.17.21 at 7:06 pm
Garth, that is very much possible, but not entirely certain.
The question is, do we now have to be vaccinated, continue with the boosters and also wear the mask? For how long, considering the mutations could continue for years, or forever, just like other coronaviruses?
—
It actually is nearly certain that the vax will make his disease less severe. There is ample data (thanks to all the non vaxxed getting hospitalized in his own state).
Yes, you have to get vaxxed and also continue to mask indoors whenever there is a surge. This will be so until the non vaxxed either die or change their ways. And, until we have greater certainty or technology to protect people so that thr worst outcome of an infection is equivalent to a common cold. Until then, getting an almost entirely safe vax and occasionally wearing a mask is an infinitessimaly small cost for returning to pre-COVID activities.
Finally, citizens of east Asian countries have been wearing masks when sick since SARS1 to little or no detriment to their freedoms or lives.
Garth, I just read rule for mail voting and I’m completely shocked with this :
Voting by mail
As mentioned, residents interested in voting by mail must apply to do so online on the Elections Canada website.
This form of voting is done by special ballot, which will be mailed to your home address in a kit if you are approved. It is slightly different from normal ballots in that instead of a list of candidates to choose from, it will just have a blank space in which you write who you are voting for in your riding.
My questions:
1. WHY form doesn’t have list of candidates? Is this was hard to print all names?
2. What happened if I will do mistake in name or family name. Probably my ballot will be canceled.
3. Do I receive confirmation that my mail ballot was received with confirmation of my choice?
For sure it was created for fraud voices.
USA democrat party stile!
#82 cuke and tomato picker on 08.17.21 at 10:10 pm
Nonpulsed a plumber can always do CASH CASH NO RECEIPT.
————-
That’s why I say, tax them into oblivion.
On the part of income that they ARE reporting.
On the Economic Shutdowns. It’s over. This is the reset.
.One Virus Case Puts New Zealand Into Nationwide Lockdown (bloomberg.com)
.New Zealand to go into snap 3-day lockdown following COVID case in Auckland (abc.net.au)
—Back to normal…soon! Think 2022-23. What is a ‘case’ again? I’ve lost track.
.Japan extends, expands coronavirus emergency as cases surge (abcnews.go.com)
.”Government seeks to make emergency Covid powers permanent
The Scottish Government wants to keep powers including the ability to order schools to close and impose lockdowns”
https://news.stv.tv/scotland/government-seeks-to-make-emergency-covid-powers-permanent?top
—
— Fully? Not in the eyes of Big Pharma. Let’s make a prediction. This will be approved. Just a hunch y’know.
“The Biden administration is coalescing around a plan to give COVID-19 booster shots to most Americans, the New York Times first reported Monday night.
This could potentially begin in late September.
The plan is still subject to approval by the Food and Drug Administration and a CDC advisory committee.”
—
— PFE? Everything I read in 2020 indicated that this is to last until 2025.
https://www.sciencemag.org/news/2021/08/grim-warning-israel-vaccination-blunts-does-not-defeat-delta
“Israel has among the world’s highest levels of vaccination for COVID-19, with 78% of those 12 and older fully vaccinated, the vast majority with the Pfizer vaccine. Yet the country is now logging one of the world’s highest infection rates, with nearly 650 new cases daily per million people. More than half are in fully vaccinated people, underscoring the extraordinary transmissibility of the Delta variant and stoking concerns that the benefits of vaccination ebb over time.”
Amen to the NS voters, some common sense to give their younger citizens, a chance. Back to basics, it’s all we can afford.
#66 BC Doc on 08.17.21 at 8:08 pm
Beautiful photo there David.
A reminder of what is truly important.
Cheers,
BC Doc
_________________________________
Are you referring to the Fluevogs or the green dot in the picture?
The average price of a house in Canada is a BS number that is not representative of Canada as a whole. How about leaving Vancouver and Toronto out of that calculation and give them their own average? Don’t lump the rest of Canada in with those two malignant markets.
#92 Ponzius Pilatus on 08.17.21 at 10:53 pm
#82 cuke and tomato picker on 08.17.21 at 10:10 pm
Nonpulsed a plumber can always do CASH CASH NO RECEIPT.
————-
That’s why I say, tax them into oblivion.
On the part of income that they ARE reporting.
———————————–
So cuke, how many plumbers do you think are doing jobs for cash? They would have to be independent, because any operation involving employees wouldn’t. And there aren’t that many people who can pay cash anymore, especially for a significant job.
So Ponzi, if we have a new tax just for plumbers because the independent ones might be taking cash and not reporting, what do we do with the mechanics, electricians, carpenters, painters, waiters, hair stylist, lawn maintenance guys, and the scammy pavement sealers who maybe taking cash for payment or tips? What about the kid you pay to clear you driveway? How many special taxes do we need to capture those people that may do a job for cash? How many people who do substantially report their income are you going to unnecessarily punish?
I think both of you must have had a bad experience growing up.
I think if you want to find the people who aren’t claiming their income go to the farmer’s market or art’s & crafts fair. It isn’t your plumber. He just tacks the tax on to your bill. So if his hourly rate is $40 an hour and he has to pay $40 dollars in income tax, overhead, etc., you pay $80 an hour plus HST. That is where all the money is going.
Do you remember #137 Bezengy on 08.16.21 at 7:44 am and his well that cost $11,500 to drill including HST? Well the driller had to pay income tax, materials, overhead, fuel, and capitalize his rig before he saw any money. That’s why it cost $11,500 dollars and the driller probably took home $800 for his wife to spend at Costco.
The reason everything is so expensive in this country is because everything is a tax on a tax on a tax. Not only do you pay income tax, property tax, HST and so on, but when you go to Subway and get a sub they pay all those taxes too. Then so do their suppliers. Then so do their employees. Then so do all the folks where the Subway employees spend money save maybe at the food bank.
Income taxes are insidious in that it is not just the end user that pays, but everyone in the supply chain all the way down to the kids digging around on their knees in the salt mine. This is one reason the government can’t just raise income taxes across the board and it won’t happen, not even 1%. Raising income tax rates 1% across the board could easily pull 4% out of the economy because of this “trickle down” effect. Everyone would pay 1% more but that dollar has already been taxed 3 times previously. This is why tax increases are only ever proposed for the “rich”, because raising taxes across the board could easily collapse the economy. Even 1%.
Nothing further can be done at this point except tweak the system. All of Trudeau’s past and future proposals can do nothing more but adjust the “justice” of the system. But even that doesn’t really work. When you raise the taxes on your doctor, he might spend less on green fees. “Well damn! He should! Golf is elitist!”. Well sure, but now you have just created a problem for the greenskeeper, and dis-incentivized the doctor.
The carbon taxes are going to prove this in spades as no one can evade them, and they are across the board. The rich won’t be terribly affected, because they don’t really spend that much money on jet fuel compared to their income, it is a trivial amount really. But the lower middle class trying to get their kids to soccer in their Corolla? They are going to have to make some decisions. Soccer might have to go. This is Trudeau’s version of justice.
We are at peak tax. No further taxes as a percentage of the economy can be raised without reducing the economy, in essence killing the golden goose.
(But sometimes taxes were higher in the past! The rich paid up to 90%! Ya well no they didn’t, and the lesson learned was that cancer in one part of the body becomes cancer in the whole of the body if you let it fester, so rates were reduced. Been there, did that, it didn’t work.)
Tripp when is Fauci going to get sick. What is he non human.
#89 yvr_lurker on 08.17.21 at 10:22 pm
What I have learned over the past 16 months, is that there are many repair jobs that I can do myself, without simply throwing $$$ at the problem
I am not sure if people completely understand the idea that if they really take on these repair jobs themseleves, expand their reportoire with tasks, really learn how to cook interesting meais, that they don’t need to make oodles of $$$. For me it has been an eye opener in these past 16 months what I am willing/able to take on.
Our family, earning in the 1%, has always been frugal and never more so during the COVID period.
________________________________________
If someone stays home permanently to look after 100% of matters technical and labour intensive including homestead infrastructure expansion, the family tax bracket drops significantly.
It’s actually like earning money working but not working!
They only tax income, which is why I opted to not have one, half of my life ago.
Stunts the CPP though.
There are those who will cheerlead Trudeau and the majority who won’t. Trudeau wins seats in gerrymandered GTA ridings, not the popular vote among Canadians. I predict the same.
I don’t think this election will change too many people’s minds on left vs right of centre.
What the conservative party should do is put their data analytics to good use. Find all the ridings where NDP is close to the Libs. Spend advertising dollars “on the ground” making sure NDP wins those contentious seats. Split the left vote, siphon off ridings from T2’s team.
Best case is a slim conservative majority, if that’s even possible.
Of course the above can backfire and Jugmeet would become an even bigger influence in a minority Lib/NDP/coalition government and we’re all doomed.
@#94 Robert Ash
“Amen to the NS voters, some common sense to give their younger citizens, a chance. Back to basics, it’s all we can afford.”
+++
Voter backlash.
A lot of people weren’t happy about the election being held during Covid.
A lot of old dirt dragged up on the sitting Liberal Premier.
Nova Scotians are somewhat adverse to paying higher taxes
Another Anti Vote result.
Federal Conservatives take note.
@#92 Poor Ponzies Plugged Poop Pot Predicament
“That’s why I say, tax them into oblivion.”
++++
Butt Ponzie, who will unplug your toilet if your wish comes true?
I’m not worried.
I know enough about plumbing to muddle through.
But you my friend, would be stuck between an outhouse and a bucket.
No more plumbers mean you would actually have to get your hands dirty….
The horror….the……horror….
Interesting snippet from Howard Levitt’s morning piece in the NP about return to office. The last bit about the ‘longer they wait’ explains some of the recent urgency to get people back…..
“What if an employee has gotten the work-from-home itch: can an employer terminate an employee for cause if they won’t return to the office?
The answer: It depends. Employers are entitled to compel their employees to return to the office unless they worked from home before the pandemic or have been promised the permanent right to work from home. If employees refuse to return to the office, it is likely a repudiation of their contract, allowing the employer to terminate them for cause without compensation of any kind.
But employers should beware. With COVID exit steps on the horizon, if employers don’t already have a plan requiring their employees to come back the office, employees who are working remotely will be able to eventually take the position that remote work has become a term of their employment. Ordering them back will then be a constructive dismissal.
The longer employers wait to recall, the greater this risk. “
The Economic Shutdowns continue in Ontariowe (highest debt level among all soverign states)
– They confirmed NO more re-opening plans. There never were hint hint. All restriction to remain in place. The economic engine. You will learn to love your soggy Mask. It keeps You Safe.
No science or goalposts where mentioned.
Shall we call it a reset?
—
— MLSE to introduce Passports. Withholding sports – the ultimate punishment.
To see the Leafs, Jays, Comrade you will have the usual metal detectors, security checks, plus you must submit to medical intervention. Sounds like a blast.
And the beers are $20.
No thanks….#stayhome? Cheaper.
Starve the beast!!
Give not a cent to these malevolent elite owners.
————
——-
— But have they been to ONTARIO? Permanent face coverings are now in place. Haircuts were banned for many months.
Indoor events and and gatherings are still banned. I bet the LEAFS will be banned this winter.
Travel is slowly being phased out. Armed provincial checkpoints were only a few months ago.
– Business including women-owned ones were and still are ordered shut (for almost a year) or heavy restrictions on making money.
https://www.bbc.com/news/world-asia-58191440
Afghans living under Taliban lament loss of freedoms
By Rhodri Davies and the BBC investigations team
Published22 hours ago
“As the Taliban reasserted itself in June, fighters sequestered more than food and lodging. Social and economic rights fought for with limited success over the last two decades were immediately withdrawn. Their privations on women descended on Nooria for the first time in her life.
“There are a lot of restrictions now. When I go out, I have to wear a burka as the Taliban orders us, and a male has to accompany me,” she says.
Travelling as a midwife across the district is especially difficult. Men are not allowed to shave their beards – the Taliban says this is against Islam. Barbers are prohibited from giving purportedly foreign-style short back and sides haircuts.
“Suddenly most freedoms have been taken away from us,” Nooria says. “It is so hard. But we have no other option. They are brutal. We have to do whatever they say.”
I wonder if this is a sign of things to come…
The PC party won a majority last night in the Nova Scotia provincial election…a sea of blue..
https://newsinteractives.cbc.ca/elections/nova-scotia/2021/results/
Oh my. Electing a denialist conservative govt at times of global environment crisis. Not a good move.
NS is about to go down the drain. Garth, you better get the hell out of there ASAP.
@#100 Chaste
“There are those who will cheerlead Trudeau and the majority who won’t. Trudeau wins seats in gerrymandered GTA ridings”
++++
The Liberals target the “woke” politically correct Urban areas for tons of seats.
The election could turn into a “city vs country” in this election.
Kinda like Nova Scotia.
Urban areas like Metro Halifax, Sidney Cape Breton, and Acadia University in the Valley. Where “woke” or “Welfare” handouts buy votes.
A sea of blue across Canada with the cities like red pimples on the rump of a bloated debt cow.
#102 crowdedelevatorfartz on 08.18.21 at 8:19 am
@#94 Robert Ash
“Amen to the NS voters, some common sense to give their younger citizens, a chance. Back to basics, it’s all we can afford.”
+++
Voter backlash.
A lot of people weren’t happy about the election being held during Covid.
A lot of old dirt dragged up on the sitting Liberal Premier.
Nova Scotians are somewhat adverse to paying higher taxes
Another Anti Vote result.
Federal Conservatives take note.
———————
Maybe Garth could give a run down on what happened.
Don’t wanna play Wednesday morning quarterback, but I
read that the Cons won based on their health care spending platform, which is usually NDP territory.
#98 Tanya on 08.18.21 at 5:37 am
Tripp when is Fauci going to get sick. What is he non human.
————————-
Fauci IS Superman.
This guy is 80 years old old sharp as a whistle.
The crap that this guy has to put with from the right, is unbelievable.
#106
“I wonder if this is a sign of things to come…
The PC party won a majority last night in the Nova Scotia provincial election…a sea of blue..”
——————–
Yes please!
Gee.
Would the last Canadian General to be “purged” by the Liberal govt please turn out the lights?
https://www.citynews1130.com/2021/08/17/dany-fortin-sexual-assault-charge/
One wonders if Canada will have any officers left when China invades Taiwan….
https://www.the-sun.com/news/3490311/china-immediate-war-taiwan-us-troops/
Living in Canada is a bit like America +, because we get the laser focus on everything that happens in the US (from a Democrat perspective, admittedly), plus the extra interest in own country politics.
In America without the +, most people don’t even know where Canada is. If it crops up at all, it’s sort of like the ‘Saskatchatoon’ guy:
https://www.youtube.com/watch?v=GHZSYBkKec4
HOUSING in CANADA
It’s pretty obvious.
The boonies are always going to be vulnerable.
They will take the biggest hits when recessions hit.
They will swing wildly in both directions depending on the economic circumstances of the time. Volatility is a real thing for these areas.
In the major demand centres (Toronto and Vancouver, primarily, and quality accessible waterfront property), you will, from time to time, see a bust. A lowering of prices. it happened in 1990. The prices stayed low for a pretty long time. Yet, it depends what one considers a “long” time. Well, we all know that story. If you missed the sale prices that were offered between 1990 and 2008, so sorry. Never gonna be that low again.
The long term trajectory of house prices in Toronto and Vancouver and waterfront areas is clear. ZOOM, to the MOON.
One of these days, POW, right in the KISSER!!!
https://www.youtube.com/watch?v=98qw86DsdZ0
@#109 Ponzies Pathetic Political Prevarications
“I read that the Cons won based on their health care spending platform, which is usually NDP territory.”
++++
Well.
I would dare say my “Wednesday Morning Quarterbacking is a tad more informed than yours.
My extended family voted in the election.
I have spoken to several friends who live in the Halifax area and the countryside all over the province.
The Liberals weren’t hated.
They just annoyed the voters with an unnecessary election during the “Summer of Covid” and then the dirt started getting flung at their leader and it stuck.
Federal Conservative election strategists take note.
Trudeau is not a popular person and the election ads should be targeting him and ONLY him, on everything he has done and his inane social promises for the future.
He is an economic disaster and his bobblehead doll of a Finance Minister is even worse.
#106 Timberr on 08.18.21 at 9:37 am
I wonder if this is a sign of things to come…
The PC party won a majority last night in the Nova Scotia provincial election…a sea of blue..
https://newsinteractives.cbc.ca/elections/nova-scotia/2021/results/
———
This from yesterday:
“Liberal Leader Iain Rankin called the election on July 17, less than five months after he was sworn in as premier to replace Stephen McNeil. Rankin, 38, is hoping to secure a third consecutive term for the Liberal party and campaigned on post-pandemic optimism while preaching fiscal conservatism.”
DA DUM, DA DUM, DA DUMMM!
#57 Ponzius Pilatus on 08.17.21 at 7:17 pm
#2 crowdedelevatorfartz on 08.17.21 at 3:08 pm
I had a similar conversation about housing “affordability” today with a co worker.
( he “owns/mortgages a house in Westwood Plateau Coquitlam and has two condos mortgaged in the Smokanogan).
Just refuses to believe the RE sales market is dropping
—————-
A plumber who owns 3 properties?!
As I said the other day, plumbers are making far too much for their education levels.
You just proved me right.
They are the nuveau riche.
And I say it again, tax them hard and tax them often.
_________________________________
So if I understand this messaging correctly, we would punish someone (‘tax them hard and often’) just because they’ve enjoyed some life success? They’ve worked 80 hour weeks, spent weekends away from their family and home, working under sinks, replacing old toilets, etc. LET’S PUNISH THEM because they make too much! (What a pathetic mind set)
The trades happen to be a successful pursuit for alot of people in this country. Why would we punish them? Just because you and a few others decide that their income and success doesn’t align with your idea of what they SHOULD make?
#101 BlogDog123 on 08.18.21 at 7:10 am
I don’t think this election will change too many people’s minds on left vs right of centre.
What the conservative party should do is put their data analytics to good use. Find all the ridings where NDP is close to the Libs. Spend advertising dollars “on the ground” making sure NDP wins those contentious seats. Split the left vote, siphon off ridings from T2’s team.
Best case is a slim conservative majority, if that’s even possible.
Of course the above can backfire and Jugmeet would become an even bigger influence in a minority Lib/NDP/coalition government and we’re all doomed.
……
Why “first past the post” should be replaced by proportional representation where people do not have to strategically vote. Perhaps Trudeau will actually follow through on his promise of 2 elections ago….unlikely.
@#107 Nova Scotia is Toast
“Oh my. Electing a denialist conservative govt at times of global environment crisis. Not a good move.”
++++
Bwahahahaha.
Do you actually believe that the 900,000 people in tiny, insignificant little backwater N.S. would have ANY effect on the entire planets global warming?
They could all disappear tomorrow on a space ship and there would be zero affect on the environment.
Spare me.
Small TOWNS in China have more than 1,000,000 people and they power their electrical plants with dirty cheap coal.
There are over 100 towns in China with populations over 1 million.
You dont even “rate” city status until you start pushing 5 or 10 million.
Until China and India actually realize… they… are… screwed…. unless they do something progressive towards reducing pollution…
The rest of us on planet Erf will just have to keep choking on forest fire smoke.
It was a good laugh though…Thanks.
Seeing as though it don’t matter who wins this election – it might be time to tune out of politics for a while. It’ll take years and years and years and years to fix the financial damage the Liberals have done, and it appears no politician is even planning to try (…and I don’t blame them).
If rates ever go up in this country we are ultra-pooched from the bottom to the top.
Get educated kids, and look south where you can still live a lifestyle like Boomers and Gen X did here in Canada.
Unless you are super rich or dirt poor of course… Canada is definitely the country for you if so.
In case anyone hasn’t heard, the big story last night was that the Republican Governor of Texas tested positive for COVID-19.
This is a link to the WSJ version of the story:ddd
https://www.wsj.com/articles/texas-gov-greg-abbott-tests-positive-for-covid-19-11629235324
It says, right up front,
He was fully vaccinated against the virus and wasn’t symptomatic, his spokesman Mark Miner said.
“The Governor has been testing daily, and today was the first positive test result,”
The article also says,
The positive test comes less than 24 hours after Mr. Abbott posted photos and video of himself at a packed Republican event in North Texas with hundreds of people.
I wonder how many cases were spread at that event! If not by Governor Abbott, by someone else!
The more folks in my peer group I talk to about retirement, the more I hear plans to leave southern Ontario.
They want to head north of 7, spend most of the year in another country, leave the country altogether, move out East. I kind of get the gist of it.
Morale for the future of Southern Ontario is low. Climbing house prices no matter where you go, heaps of immigrants piling in, bad drivers, jammed up highways, venues, boat launches and campgrounds.
Too many people chasing the good life outside the GTA, and it’s mostly gone already. 2 years of Trudeau is all it took. Now a shit-box that cost 80K in 2014, now costs 350K. Thanks for that, dunce Liberals.
At this point only forced selling of RE would cause a plunge.
Thats not Happening. I think we likely flat line.
Yahoooo for the PC in NS there is hope!
T2 sure handed himself the cookie jar to levels that are obscene.
Down with the Libs.
Maybe he can move to Cuba when hes done?
https://www.cbc.ca/news/canada/british-columbia/bc-interior-vaccine-update-interior-august-1.6144485
And Kelowna variant blames the gov for the increase in COVID….and then they was the US research that indicated wild fire smoke can increase chances of Covid.
As for Plumbers in BC charging cash on some jobs ….hell yes. They are lots of independant plumbers in my larger neighborhood. I saw 5…yes 5 pass by my driveway earlier this am.
Another Holiday for our hard working Govt servants….
https://www.canada.ca/en/department-national-defence/maple-leaf/defence/2021/07/federal-statutory-holiday-national-day-for-truth-and-reconciliation.html
I’m sure they will all take the day off to reflect on truth and reconciliation while the rest of us in the real world break rocks in the non union, non pensioned salt mines of the Private Sector Gulags we have become accustomed to.
My only question is.
Will the teachers get a pro D day before or after the National Recon Day Sept 30th?
#23 CJohnC on 08.17.21 at 4:06 pm
#12 Dolce Vita
Trudeau sure shows himself to be one sick puppy in that clip.
——————–
And thats the leader of our once great nation?!!…..embarasing the crap he comes up with.
@107 Nova Sotia is toast…
Don’t fan the flames of Garth’s misgivings about Peter Mackay not being chosen… this only makes him feel worse. Aaaarghh.
@#108 crowdedelevatorfartz on 08.18.21 at 10:37 am
@#100 Chaste
“There are those who will cheerlead Trudeau and the majority who won’t. Trudeau wins seats in gerrymandered GTA ridings”
++++
The Liberals target the “woke” politically correct Urban areas for tons of seats.
The election could turn into a “city vs country” in this election.
Kinda like Nova Scotia.
Urban areas like Metro Halifax, Sidney Cape Breton, and Acadia University in the Valley. Where “woke” or “Welfare” handouts buy votes.
A sea of blue across Canada with the cities like red pimples on the rump of a bloated debt cow.
–
always been that way.
if only land masses could vote.
maybe things will change with everyone moving to the country.
#119 crowdedelevatorfartz on 08.18.21 at 11:33 am
@#107 Nova Scotia is Toast
“Oh my. Electing a denialist conservative govt at times of global environment crisis. Not a good move.”
—————————————————–
LOL I near puked one morning as we drove through Manila.
Shanghai….OMG a normal day looks like your in a forest fire. The Sun was an orange smudge. A jumbo takes flight every 5 minutes.
Crowdy on that point…. you could load up Canada on a space ship, send us to Pluto and it wouldn’t move the needle.
What don’t you enviro clueless understand about this issue?! Its ain’t us…Yes we can and are doing our part, but T2 and the likes are ramming guilt and carbon taxes down your throat and you gobble it up. Bizarre
#57 Ponzius Pilatus on 08.17.21 at 7:17 pm
A plumber who owns 3 properties?!
As I said the other day, plumbers are making far too much for their education levels.
You just proved me right.
They are the nuveau riche.
And I say it again, tax them hard and tax them often.
—–
Jealous or envious or both? What ever the case your cheering for the wrong team.
This country needs more rich folks. We need people who are industrious and want to make this a better country. We need more of everything that make this country grow. And we need less of somethings, the lazy, entitled, the socialist and most of all we need less taxes. This idea that you can tax us out of this mess is just folly.
Grow up and become a plumber.
Things are really starting to grind to a halt in Niagara. It seemed to lag the Hamilton/Burlington area. There are homes that sold here recently that went for the same price as equivalent house/lot size in Burlington. Traditionally, we were 40% less than Burlington. This just tells me that we are in for a serious reset over the next 5-10 yrs. I watch our own home spike in price, (which is kind of nice) but unlike some of the less-evolved, I know we’re nearing the edge of a cliff.
I don’t blame the realtors for spewing otherwise, as that’s all they’ve got to hang on to. Unfortunately, there are too many poor souls that think these RE folk actually know what’s coming. Well actually, they probably do, but they sure as heck don’t want to tell the rabble.
Garth
Peeps bid the hell out of garbage houses. Sight unseen, NO inspections they were lining up on their computers to purchase. It gave me a hell of a laugh.
It will take years to work that off. High quality homes in most cases are worth the dough.
People that bought foolishly will realize that it cost a ton to reno, fix foundations, roofs or other issues. Maybe the crapper had an oil burner and needs $15,000 for a heat pump?
Number one rule know what you are buying. Most didn’t I’m sure.
Good thing you are good at hand holding you may have saved some from themselves.
Trudeau is a putz and does not even come close to leading this country. WTF?
https://thepostmillennial.com/watch-trudeau-says-that-he-doesnt-think-about-monetary-policy-when-asked-about-economy-inflation
Purchased a SFH in LM BC in 2018. This blog said prices are over inflated. Likely will fall. Rent and enjoys your life etc.
Had I waited would have been priced out of market, and spent 2k+ for 1250 sq ft rental for family of 5.
Prices will go up over long term. Cheap money. International cash.
#119 crowdedelevatorfartz on 08.18.21 at 11:33 am
@#107 Nova Scotia is Toast
“Oh my. Electing a denialist conservative govt at times of global environment crisis. Not a good move.”
++++
Bwahahahaha.
Do you actually believe that the 900,000 people in tiny, insignificant little backwater N.S. would have ANY effect on the entire planets global warming?
They could all disappear tomorrow on a space ship and there would be zero affect on the environment.
Spare me.
Small TOWNS in China have more than 1,000,000 people and they power their electrical plants with dirty cheap coal.
There are over 100 towns in China with populations over 1 million.
You dont even “rate” city status until you start pushing 5 or 10 million.
Until China and India actually realize… they… are… screwed…. unless they do something progressive towards reducing pollution…
The rest of us on planet Erf will just have to keep choking on forest fire smoke.
It was a good laugh though…Thanks.
___________________________________________
China is a MASSIVE polluter and is not a third world country so with all of their stolen technologies from the west they should be able to transition from coal to a green solution. After all don’t they build solar panels? Well at least once the smoke clears from their sky they should work.
#47 Reality is Stark
Just went back to my Econ 101 textbook.
First paragraph states “ A 40% increase in an asset class such as housing with no commensurate wage growth is not only sustainable it is a pure fact to the gullible. Especially during a pandemic.”
You need to be some kind of stupid.
————————————————————————–
One needs to wait until the post graduate years in the study of economics (Masters and PhD) to truly grasp what a textbook in Economics 101 doesn’t explain clearly enough.
That is to say, that in Canada, the demand for housing is completely detached from incomes. Or reality, for that matter.
The key driver for sustained, everlasting house demand, notwithstanding the sustained everlasting upward trajectory of house pricing is FOMO and HGTV.
Couple that with being a Canadian provincial rube, and ZIRP, and you get endless demand for housing.
Uppa she goes, as our friend and fellow blog dog Captain Uppa always says.
#122 IHCTD98F43NW65G
They want to head north of 7, spend most of the year in another country, leave the country altogether, move out East. I kind of get the gist of it.
——————————————————————————
It’s true.
Once I was relieved of the necessity of employment that bound me to the hellhole known as the GTA, the possibilities for relocation seemed endless.
A couple of hours north of Toronto is already paradise compared to the disgustingness of the GTA (traffic, pollution, noise, construction, filth, gross people everywhere, crappy attitudes, congestion, and John Tory).
I’ve been hanging out in Central Alberta for the last few weeks. Peaceful, clean, crisp, fresh air, nice folks, jacked up pick-up trucks with room to rumble around, farms, great beef, big skies, and no masks.
Yes folks, there is a great retirement waiting to be had outside of the GTA cesspool.