The siren call

Trust me, this is not a politics blog. Way too dangerous. Besides, that might just get the anti-vaxers irritated enough to mount a protest in front of my yacht. And how embarrassing would that be?

Nah, let’s just do politics from the standpoint of money. Who is better for your personal finances? (It won’t be Jagmeet.)

Without a doubt, Bay Street wants the Cons. Look what the capitalism-loving Bloomberg site has to say about Justin Trudeau. “His proposals will backfire, stifling growth and diverting attention from solutions that would actually help solve the problems that people care about.” In fact the comparison is being made between T2 and Trump, with both reaching into the emotional and tainted well of populism to yank out ideas that trigger followers without solving anything.

Like banning foreign house buyers amid evidence no prices will drop (and non-residents are already taxed to the max in the GTA and YVR). Or whacking the banks more because they’re making money and are easy, captive targets.

So we’re told to be wary of any politician that pits “the people” against “the elites.” Bloomberg cites an academic paper that analyzed the effect of populism on economies. Not good. Ever.

The economists found that countries lost around one percentage point of economic growth every year after a populist came to power. This underperformance existed relative both to each country’s long-run growth rate and to the current global growth rate, and held for at least 15 years. They concluded that after a decade and a half, national income per person was 10 per cent lower than it would have been if a populist hadn’t come to power.

“Rising economic nationalism and protectionism, unsustainable macroeconomic policies, and institutional decay under populist rule do lasting damage to the economy,” they said.

In case you hadn’t noticed, after six years in power the Libs are now running against Jeff Bezos, the Big Six, the wealthy and the “special interest and Old Boys network” that Conservatives apparently genuflect to. Jagmeet is doing the same. NDP supporters eat this stuff up, but for the Liberal party leader, it’s not working. On Monday the O’Toole gang pushed two points ahead of the governing party in the poll tracker. This may be because the prime minister is not running on his record. He can’t. Fiscally, it’s a disaster.

Houses cost 70% more under his watch. The deficit is off the charts. Taxes are rising. The accumulated debt is terrifying. Inflation has surged to almost 4%. And – suddenly in the last week – consumer confidence took a big tumble. The latest Nik Nanos poll shows that after hitting a high in July, the confidence people have in the future has been steadily ebbing. Maybe that’s pandemic ennui. Perhaps it’s delta. Could be the catapulting cost of just about everything. And the election itself is an unwanted irritation, feeling tawdry and manipulated.

Whatever. Things have changed. Voters seem more resistant to politicians telling them there’s a bottomless pot of money to throw at everything. Says Nanos:

The share of Canadians who see the economy strengthening over the next six months fell to 37 per cent last week, down from 54 per cent at the beginning of July. Just over 20 per cent of Canadians say their personal finances have improved over the past year, down from 26 per cent last month.

Canadians are also less optimistic about the housing market. About 51 per cent say they expect home prices to increase over the next six months, which is the lowest score for that question since February.

Why? Because it’s clear many have arrived at the inescapable conclusion there’s no political solution to the real estate mess. The FHTSA Frankenaccount won’t do it. Kicking Chinese dudes to the curb won’t, nor will giving buyers grants to cover closing costs or spanking realtors for blind auctions. This just all adds to demand without augmenting incomes or creating more supply.

Says Toronto realtor John Pasalis (who hates my guts): “No party wants to trigger a decline in home prices, which means the only way we can restore affordability is for home prices to stall and allow incomes to catch up. But no party wants to do that because rising home prices and household debt drives our economy.”

Truth there. Conundrum.

Sorry, kiddos, but the odds of an under-40-only tax shelter with full-deductibility for contributions, taxless growth and tax-free withdrawals for a house purchase are melting faster than my tolerance for the no-vax whackadoodles. There is no silver bullet. The budget will not balance itself. And political ‘solutions’ of the past few years have only exacerbated things. The Chinese buyers didn’t make this happen. Nor did the banks. Or Bezos. Or any elite of corporate overlords.

Trump lied, pandered and paid the price. Boris Johnson hobbled the UK with his populist Brexit dreamweaving. And Bolsonaro just jumped Brazil’s inflation rate by 50%. Populism is political failure. Economic decay follows. Remember these days.

About the picture: “My son in Red Deer adopted a part German Shepherd part Belgian Malinois as a companion for his year old white Shepherd/Lab/Husky Sunny,” writes prequest poster DB. “This is River. She is the cutest, smartest, and most mischievous pup, ever. My second granddog! So proud!”

202 comments ↓

#1 Rick Fast on 08.30.21 at 3:17 pm

Canadian housing crash happen 2022. BOOM

#2 Lobster Man on 08.30.21 at 3:22 pm

Flipping – Act II
Where is the outrage, from the rest of you….?
LM

#180 crowdedelevatorfartz on 08.30.21 at 10:13 am
Foreign Ownership driving up Lower Brainland housing prices?

Try one ( yes one) Liberal Candidate that “flipped” 21 homes in 16 years….

https://www.citynews1130.com/2021/08/30/vancouver-liberal-taleeb-noormohamed-real-estate/

Yooo Hooo
Revenue Canada!
Asleep at the wheel ?
Again?

Time for audits on ALL people who have bought and sold houses within 2 years.

BILLIONS in undeclared tax revenue out there.

I’m sure this Liberal candidate wont mind “doing his part” to pay down Trudeau’s $500 Billion dollar debt…….

#3 crowdedelevatorfartz on 08.30.21 at 3:23 pm

5 years of Trudeau and we’re much much worse off.

Even after he spent more budget money than all other Prime Ministers in Canada’s history.

What a failure.

Vote accordingly.

#4 My Body My Choice on 08.30.21 at 3:27 pm

Trudeau heckled, sworn-at, shouted-at, run out of town multiple times over the weekend.

Why are people so pissed?

6 years of lies, misinformation, obfuscation, broken promises, sky-high debt, endless lockdowns, businesses forced to shut down, many gone out of business, opiod crisis, depression and suicides up, identity politics, sky-high housing prices, unaffordability of rent from coast to coast to coast, Liberal arrogance and self-entitlement, division like never before, scandal after scandal after scandal, cover-ups, gaslighting ….

According to CBC news this morning: ” … most of the protestors were anti-vaxxers…”

Trudeau’s Ministry of Truth doing what they’re paid to do: make him look good no matter what, demonize and slander all opposition.

#5 crowdedelevatorfartz on 08.30.21 at 3:32 pm

@#197 One Quintillian Dollars deeper in Debt
“That’s right vote for the Cons, save money.
Don’s spend it on building strong children today, but remember you will be spending a lot of money fixing broken men.”

++++
Well since its National Overdose Day.
Would those “broken men” be the vast majority of male overdose victims that died alone over the past few years of Trudeau’s reign during the “she-cession”?

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

@#202 Soggy Soaked Diapers

“There is a world of difference between “possibly more resistant to vaccines” and “totally useless”

+++

Tell that to the families of the dead.

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

@#210 S.Bby

“The guy made $4.9 million on these flips. $3.7 million of which he’s bagged in the last six years. ”

++++

Yessss.

42 property “flips” in 16 years…… but he’s a changed man and now he’s joined the Trudeau team and wants to help YOU “afford” a house…..

Just vote for him and your life will be fabulous.
He cares about you “Little People”

#6 Prince Polo on 08.30.21 at 3:35 pm

My only question is, will George Clooney play Garth Turner in “The Big Short 2.0: It’s Metric, Baby!” ?

#7 I’m stupid on 08.30.21 at 3:36 pm

Why is it so hard to understand that the answer to all our problems is to allow interest rates to reflect market conditions? If the central banks stopped suppressing rates with bond buying our economy will find its balance.

Will it be painful? Sure but when the dust settles we would be better off. Right now we’re getting tortured by a thousand little cuts. Eventually all those little cuts will become a huge gash.

#8 Shamus on 08.30.21 at 3:37 pm

I’ve heard Justin Trudeau has never had to make a mortgage or rent payment in his life.

No wonder he doesn’t grasp monetary policy.

#9 bigBill on 08.30.21 at 3:37 pm

Media also seems to want a Con victory judging by the headlines/editorials I’ve been seeing. Is that because it’s in their/Rupert Murdock’s financial interest? or have they just caught O’Toole-mania? (More contagious than Alpha, but less contagious than Delta variant)

#10 Shortymac on 08.30.21 at 3:38 pm

The antivaxx’ers have been driving me nuts lately, it really shouldn’t be this hard for people to get vaccinated, especially with FDA approval and the sheer numbers of people who have come before and gotten vaccinated w/o issue.

I got vaxx’d yesterday without issue, only a mildly sore arm. I was initially heisitant because I’m currently pregnant but I did my research and there’s no major issues with taking it during pregnancy and it protects the unborn child as well by absorbing my antibodies.

I see way too many otherwise healthy adults w/o healt issues in the comments afraid of getting a jab. If I can put my anxiety aside and get the job done so can they.

You should see the states Garth, it’s even worse with people refusing to get tested for COVID because they think it’s not real or they think that microchips will be placed up their nose with the swabs. Unreal.

I had COVID in December and it was horrible, it is definately not a normal “cold” and it took a long time to recover. I did better than my roommate who has permanent lung damage and now has to take a slew of medications to function.

#11 Keith on 08.30.21 at 3:38 pm

The economists found that countries lost around one percentage point of economic growth every year after a populist came to power.

—————————————————————–

And at the same time, the lower economic growth was distributed a little less to the top end, and a little more to the middle class and poor people. So under a populist, the majority of people were better off, even with lower economic growth. Why do most people care little about economic growth? Because it hasn’t shown up in their paychecks for forty years.

If the top ten percent in this country were moderately less greedy, they could get people onside with policies around economic growth and lower income taxes. Instead, they are so greedy working incomes have stalled for forty years in the face of real economic growth, and forty percent of population pays no net federal income tax. Keep excluding the people from economic growth in this country, and they’ll vote for wealth taxes.

#12 jerry on 08.30.21 at 3:38 pm

I am worried that Dr Tam is being quiet during the campaign so as to not provide any upsetting news about rising Delta cases and our children.

#13 BClinton on 08.30.21 at 3:41 pm

Dump Trudeau!

#14 BlogDog123 on 08.30.21 at 3:42 pm

But a politician can say whatever they want on the trail. Once elected they can do “the unthinkable” or “the unpopular”. But do it in the first 6 months so they may forget in 3-1/2 years or so..

Unpopular things done in the last 30 years after elected:
1. Dalton McGuinty ‘raising taxes’ with “Health Premium” after signing a big pledge sign before election saying he would not raise taxes.
2. Harper with tax on income trusts.
3. Trudeau saying ‘budget balance itself’ while going the other way with insanity level permanent deficits.
4. Trudeau saying he’ll do some electoral reforms, but saying after elected the idea is unworkable.
5. George HW Bush: “Read my lips: No new taxes.”
6. Chretien saying he’d get rid of GST but keeping it.
7. Trudeau saying no more blackface after last election (just kidding, but who wants to bet he’ll be back to wearing costumes real soon??!!!)

#15 GrumpyPanda on 08.30.21 at 3:43 pm

O’Toole has announced he will ban puppy mills, cosmetic testing on animals, abuse and violence against them.

Now sit down in front of your dog, look in its eyes and explain why you are going to vote Liberal.

#16 Justin S on 08.30.21 at 3:48 pm

Interesting article in Globe on Friday about the Toronto condo rental market going nuts.

https://www.theglobeandmail.com/business/article-condo-market-rebound-in-canadas-biggest-cities-has-further-to-go/

I feel as though Garth nailed this call. I remember one of the blogs back in 2020 where he showed a 500 sqft condo in DT Toronto on the market for something like $565k – crazy cheap price, but everyone was Covid terrified, and thought cities would die. LOL.

If I’m remember correctly, Garth basically called that the bottom, and said if you’re a condo investor, jump in.

Great call Garth – kudos.

#17 Ballingsford on 08.30.21 at 3:48 pm

Maybe the millenials will wake up or grow up this year.

#18 The sweet sweet irresistible joy of steerage on 08.30.21 at 3:49 pm

CPC ahead in seat projection now!!!!… bring it home O’Toole.. keep the bozo eruptions at bay!

Common Atlantic Canada drop the libs….. for just one time…..

https://twitter.com/338Canada/status/1432287871130652673

#19 bmac on 08.30.21 at 3:50 pm

So where does a politically moderate millennial turn these days? I don’t have tik tok and don’t own property. Is anyone pandering for my vote that I should know about?

#20 F Cook on 08.30.21 at 3:50 pm

Anyone who still believes taxing foreign buyers will fix our gasbag of a housing market needs to open their eyes.
I mean, hasn’t 18 months of Covid shown you that foreign buyers is a non-issue in the Canadian real estate market? The demand that drove prices up the roof in the past year and a half were all maple.

#21 Jagstin on 08.30.21 at 3:52 pm

Still nobody is concerned that the NDP leader was a CRIMINAL DEFENCE LAWYER.

#22 Ricky Gervais Rules on 08.30.21 at 3:53 pm

Garth: “Guitar lessons here”

#101 Alice in Cambridge “Stop offering me guitar lessons that I never asked for when I came to your blog!”

See the funnier version here: https://twitter.com/rickygervais/status/1432351203451707398?s=20

#23 Habitt on 08.30.21 at 4:02 pm

The debates will be crucial. JT will be under attack from both sides. If he folds like Turner it could be a conservative majority. Or …..

#24 BlogDog123 on 08.30.21 at 4:02 pm

How to tank home prices (which folks like me would hate, but be good for my kids in 15 years…)..

1) build lots and lots of houses.. Rack ’em stack ’em and pack ’em high… Good luck getting the NIMBY people from allowing a semi to replace a SFDH. Zoning keeps the riff raff out of my SFDH hood.
2) A good ol’ long recession where many people lose jobs and forced to sell houses. Nobody wants this.
3) Raise property taxes the longer you live there until granny forced to sell because it’s too expensive to live in her house all by herself… Good luck getting this one passed. Call it the “debt is too high so surtax on those who underpaid taxes for all the seniors goodies received” or something like that.

#25 Nonplused on 08.30.21 at 4:03 pm

“In case you hadn’t noticed, after six years in power the Libs are now running against Jeff Bezos, the Big Six, the wealthy and the “special interest and Old Boys network” that Conservatives apparently genuflect to.”

I’m still confused because I thought, and continue to think, that Jeff Bezos is American. He’s Biden’s problem, not ours.

There must be some sort of reason that all the really big new innovative companies are American. Even the ones that eventually fade from sight. Apple, Microsoft, Oracle, Google, Tesla, Amazon, eBay, Boeing, Harley, Costco, Walmart, even maybe Ford and GM. What have we got? We make skidoos I guess. But only if subsidized.

According to this list, this is what we got:

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

If you add them all up you get one Bezos. Where did they get their wealth? Food seems to be common. Car sales. Oil & gas. eBay and Google but those guys live in the US now. Real Estate naturally. And online poker? I guess. Where are the Blackberry billionaires? Oh ya, Apple ate their lunch.

So if we confiscated all of their wealth, that would net $195 billion (US), or one Bezos. That is assuming we could find someone, probably American, to purchase the assets so we can monetize them. That won’t even cover half of last year’s deficit.

I hope everyone is seeing the trend here. Whether it be TFHSA’s, primary resident capital gains taxes, taxing the “wealthy”, creating new tax brackets, the carbon tax, raising the HST, whatever your magic idea is, it is nothing but a political talking point based on social justice concepts and will do nothing to balance the budget. Any temporary improvements will be followed by economic contraction.

We are at peak tax.

#26 SunShowers on 08.30.21 at 4:03 pm

“The economists found that countries lost around one percentage point of economic growth every year after a populist came to power.”

Considering that the overwhelming majority of “economic growth” is captured by the 1% instead of everyday citizens or federal/local governments, why should I care?

Increasing the size of the pie does diddly squat for regular people when the rich take 95% of it and leave us to fight over the crumbs.

#27 Dolce Vita on 08.30.21 at 4:03 pm

Trudeau et. al. will be gone soon enough. Mainstreet Research / August 28, 2021 / n=1798 / MOE 2.3%:

CPC: 38% (+4)
LPC: 28% (-5)
NDP: 19% (+3)
BQ: 7% (-1)
PPC: 5% (+3)
GPC: 2% (-5)

Via a Polling Canada Tweet yesterday (a poll aggregator it seems):

https://twitter.com/CanadianPolling/status/1431957304333815808

That’s a Con MAJORITY.

Boy, do I feel sorry for PM O’Toole with the mess Trudeau has left behind.

Other ditties from Polling Canada…

———-

Those Who Say Their Opinion Of (X) Has Improved Recently:

O’Toole: 28% (+8)
Singh: 23% (+1)
Blanchet (QC): 14% (-2)
Trudeau: 5% (-1)
Paul: 3% (-3)

Angus Reid / August 29, 2021 / n=1639 / Online

(% Change With August 23, 2021)

———-

Net Leader Favourabilities:

Singh: +12%
Blanchet (QC): +3%
O’Toole: -13%
Trudeau: -28%
Paul: -33%

Angus Reid / August 29, 2021 / n=1639 / Online

#28 DON on 08.30.21 at 4:04 pm

https://www.cbc.ca/news/canada/british-columbia/builders-and-home-buyers-frustrated-with-insurance-companies-1.6153681

Buyer Beware in a fire zone.

#29 Linda on 08.30.21 at 4:06 pm

Goodness. If River is just a pup as yet she will rival the debt for growth:) Also looks very professorial in the photo – could just see her giving a lecture on how to fix stuff.

From an economic standpoint, seems like just about every thing is expected to increase in price. Just read a headline which says that accommodation (motels/hotels, not ‘just’ RE), commodities & food prices are expected to continue their upward trajectory. More concerning is the expectation that supply chain shortages will continue due to factors other than the pandemic. Covid may have caused a labor issue when it comes to planting or harvesting crops, but drought made the lack of labor look like a good thing in comparison.

#30 To the point. on 08.30.21 at 4:10 pm

Sorry Garth – while I don’t dispute the dangers of “populism”, I think that you have set up a “straw-man” argument in trying to assign the Trudeau Liberals to the populist camp.

If the Liberal think-tank is floundering, it is because we live in such unprecedented, crisis circumstances, where classic responses just don’t cut it!

Thus far, in the shallow end of the election campaign, the Libs are certainly splashing around, trying to deal with unexpectedly strong opponents to the left and right, while they continue to govern. I bet they are regretting called the damn election but it’s too late, they in it now.

There is still a long way to go before reaching the finish line and despite O’Toole’s best efforts, the Libs’ strong stroke down the middle may see them through.

#31 It's all harpo's fault apparently... on 08.30.21 at 4:14 pm

T2 is really losing it…… oh sweet joy.

Now trailing in the seat projection… three more weeks til he’s a snowboard instructor again

#32 Nonplused on 08.30.21 at 4:15 pm

#11 Keith on 08.30.21 at 3:38 pm

“If the top ten percent in this country were moderately less greedy, they could get people onside with policies around economic growth and lower income taxes.”

I wish being “greedy” was all it took. I’d be a billionaire too if it were that simple!

Careful of your adjectives boys and girls. Chances are they reflect you not whomever you apply them to.

How come nobody ever calls rock & roll stars “greedy”? Or sports icons? Only businessmen and doctors? (Sorry, “businesspeople”.)

While we are at it why don’t we talk about the $$$ politicians are pulling down. Top 10%’ers all of them. Well, maybe not the school board.

#33 renter in Surrey on 08.30.21 at 4:15 pm

RE: #1 Rick Fast

Canadian housing crash happen 2022. BOOM

———————————————————-

Keep dreaming.
Prices will probably go up another 25% – 30% in 2022.

#34 mike from mtl on 08.30.21 at 4:23 pm

#7 I’m stupid on 08.30.21 at 3:36 pm
Why is it so hard to understand that the answer to all our problems is to allow interest rates to reflect market conditions? If the central banks stopped suppressing rates with bond buying our economy will find its balance.
////////////////////////////////////////////////////////

Exactly. 13 years of staving off the GFC and going by the same playbook.

To be fair, T2 is not alone. Pretty much all of G20 responded to the bug in same fashion, rates in the ditch, helicopter money… resulting RE exploded. Yes problem is here with 3 decades of already non-stop housing bloat just got soo much worse.

#35 TurnerNation on 08.30.21 at 4:24 pm

Debt: we have been burdened by unimaginable unrepayable levels of national debt. Here in the Former First World countries

We have been burdened by seemingly endless (and profitable) medical ‘treatments’ by our global rulers. Slimly traded off for a handful of ‘rights’. One. Two. Not Enough! Submit to more.

We have been burdened with “Smartphones” and trading, into the Blockchain we go. Tagged, branded with QR codes – as animals.

This is the Beast System. We are the Beasts of Burden. How healthy we will be, such health we will enjoy! In this global, open air Hygene system.

———-

HERE it comes, property confiscation. History repeats. While we were asleep.
We are going back to normal, any time now?!

https://twitter.com/jaycola/status/1432002446734372869
“Liberals plan on implementing a “use it or lose it” policy for what they deem unproductive real estate. If the government believes your property could be better used for housing they may force you to convert it develop it or sell it

#36 Dolce Vita on 08.30.21 at 4:25 pm

(CNN) — The European Union recommended on Monday that Americans should be banned from nonessential travel to its member states after a rise in Covid-19 cases in the United States.

“US travelers dropped from EU safe list as Covid cases surge”

https://edition.cnn.com/travel/article/eu-travel-restrictions-intl-hnk/index.html

“…it remains up to each individual EU country to decide whether to allow nonessential travel to the EU for FULLY VACCINATED travelers.”

——————-

Convenient now that the tourist season is over and the monetary impact lower. On the safe list since May, now off the list.

Nothing yet if Italia will comply.

#37 Juan Gretzky on 08.30.21 at 4:27 pm

I’m no fan of Trudeau, but are we all going to be roasting marshmallows as the planet burns with O’Toole as PM?
Oh wait, I can get points towards a new bike.

#38 Quintilian on 08.30.21 at 4:30 pm

#8 Shamus on 08.30.21 at 3:37 pm
“I’ve heard Justin Trudeau has never had to make a mortgage or rent payment in his life.
No wonder he doesn’t grasp monetary policy.”

And the syllogism of the day award goes to :
Shamus

Who does not have enough knowledge to realize that many years ago, Alan Greenspan who received a call from his political masters, and set monetary policy for the rest of the world.

The information is readily available and can be understood by even people with no formal schooling in economics.

#39 Bob in Hamilton on 08.30.21 at 4:31 pm

T2 has more lives then a cat and has risen from the grave politically so many times in the last 5 years. He can still pull this election off once he goes negative against O’Toole….and he will, fiercely.

T2 majority…175 seats. There are too many people sitting at home in Canada not working depending on him.

#40 O'Foole on 08.30.21 at 4:33 pm

The deficits are in the books and the money has already been spent. No party has a real plan to cut deficits.

#41 Ponzius Pilatus on 08.30.21 at 4:33 pm

#191 Ustabe on 08.30.21 at 11:29 am
#98 Tripp on 08.29.21 at 7:02 pm

#29 Ustabe on 08.29.21 at 3:29 pm

“Importation of MAGA/GOP/Republican style confrontational political protest and movements…”
—————————————————
Do burning churches, toppling statues and blocking railways qualify as “confrontational”?

Yes, of course. Pleased to answer any further questions.

#76 Sail Away on 08.29.21 at 5:43 pm

Calling all sturdy conservatives. Make this a country to be proud of again.

Flattering as it may be to have my phrase now being used by both you and Flop, may I point out that you are both using it incorrectly. A “sturdy” conservative is one who would benefit from sitting down and pondering stuff for a while. A recent example of a sturdy conservative was a poster who frequently bemoans “cancel culture” and yet beseeches Garth to ban another poster. Then goes on to engage in “gatekeeping” with another poster. (Marcia?…) Posts like Yoda but comes off more like Jabba all too often.

#56 BillyBob on 08.29.21 at 4:46 pm

Not sure what you are yammering on about but you need a refresher in reading comprehension. You are talking to nothing resembling the point I made in my OP. If you have something of value to say, say it, don’t use me as your foil to get your point across by misconstruing my words.

Everyone

If we could try and explain our anger instead of simply expressing it, if we could go to the post instead of the poster, if we could engage with and listen to a wide variety of expression/thought/questions maybe we could find solutions instead of arguments.
————-
Just barging in, if I may.
Ustabe, probably one of the best posts ever.
Keep up the spirit, my friend.

#42 jess on 08.30.21 at 4:34 pm

Emergency Medicine Docs Will Face Consequences for Spreading COVID Lies
— ABEM threatens action, echoing warning from Federation of State Medical Boards
==============
florida clincs regeneron @$2100/patient vs vaccine at 50
Two Hedge Fund Billionaires Hedge their Bets on Regeneron as Florida Governor Ron DeSantis Opens
https://wallstreetonparade.com/

#43 VladTor on 08.30.21 at 4:37 pm

1. Because it’s clear many have arrived at the inescapable conclusion there’s no political solution to the real estate mess…..

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

ABSOLUTELY wrong statement (in my opinion Mr. Garth…. in my opinion only!) . ONLY political solution can solve this problem. Will be painful for everybody who bought house recently (after 2013) but sharply refreshing economy with new stimulus.

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

2. realtor John Pasalis…
…But no party wants to do that because rising home prices and household debt drives our economy.

Probably he’s playing a RE game and looks with this statement like idiot who don’t understand how economy working. High home prices blow out money from households and people buying less goods and b’s of that businesses closing and b’s of that unemployment rising and b’s of that….. and… and… Garth you as financial professional can added more and’s

#44 macduff on 08.30.21 at 4:37 pm

I think that the concept of “expecting house prices to stall and incomes to rise” is a huge assumption that many have. We have recently posted a number of upper managerial/professional WFH positions (we’re based in Ottawa) and when an offer was made the leading candidates (mainly from the GTA) were so out to lunch with their pay expectations that we went with other (well qualified) people. Rising incomes as a sine qua non for raising house prices is delusional.

#45 Dolce Vita on 08.30.21 at 4:44 pm

Mother Nature.

Natural Selection.

RIP:

https://twitter.com/morgfair/status/1432184956906717185

https://twitter.com/DrEricDing/status/1431837951319846912

#46 the jaguar on 08.30.21 at 4:46 pm

River looks like she might have gone through training with the RCMP. Probably too ‘cuddly’ and was rejected for police work. What’s with the messy closet in the background, Dharma Bum?

#47 Midnights on 08.30.21 at 4:46 pm

#10 Shortymac on 08.30.21 at 3:38 pm
The antivaxx’ers have been driving me nuts lately, it really shouldn’t be this hard for people to get vaccinated, especially with FDA approval and the sheer numbers of people who have come before and gotten vaccinated w/o issue

As for stating, the FDA approved a drug for Covid-19 not on the market yet. And the other approval was for a continuation use of Pfizer emergency use Covid 19 drug.
It states that on the FDA’s website.

#48 DC on 08.30.21 at 4:47 pm

History will not be kind to Justin Trudeau. When one considers his political ineptitude, his lacks of ethics and integrity, and his personal hubris, the picture he leaves behind will not be a pretty one. The real tragedy is that he and his family will be just fine, but the average Canadian family will be much much poorer–both literally and figuratively–as a result of his tenure. Shame.

#49 ogdoad on 08.30.21 at 4:48 pm

“Besides, that might just get the anti-vaxers irritated enough to mount a protest in front of my yacht.”

*Og – not impressed unless your yacht goes to space. Unless you actually have a yacht…then, Congrats!!

Sounds to me that the popularity contest has just become a little more competitive. Influences through nice smiles and cleft chins might be lessening unless they have some other skill to back it up.

Hey, the first government who can make (and sustain) friends with the leute who hold all the data will get my vote. To avoid perhaps becoming irrelevant. Who’s that person? GREEN?

Og

#50 I’m stupid on 08.30.21 at 4:51 pm

#32 Mike from mtl

Not only Realestate but the wealth divide would shrink because higher rates would be lower profit margins and that would equate to smaller compensation packages. The entire economy is being supported by saver who are getting crushed and employees that get paid with money that’s being inflated away quicker than they can make it.

I remember I wanted to buy an Aston Martin 9 years ago. It was 3 years old selling for around 60k. Look at what a 3 year old Aston Martin is worth today. It’s like 150k now. Do you think I make 3 times more today?

#51 Manhattan was a forest on 08.30.21 at 4:54 pm

There is no silver bullet.

Remove HST on land, condos and new homes
Remove UN smart growth propagandists from Canada
Remove all green belt designations
Start building new subdivisions

‘When the Dutch West India Company established what was soon to be called Nieuw Amsterdam in 1624-1625, the island of Manhattan was 80 to 85 percent forested, with as many as several million trees covering some 10,000+ acres of its then total area of about 13,000 acres”

Any Questions?

#52 crowdedelevatorfartz on 08.30.21 at 4:58 pm

@#38 Liberal Lollipops and Unicorn cotton candy

“The deficits are in the books and the money has already been spent.”

++++

Errr yes, because Trudeau threw out the fiscal baby with the budget bathwater……

#53 Joseph R. on 08.30.21 at 4:58 pm

Biggest difference between dog and cat owners: how they describe their pet:

Dog Owner: “My son in Red Deer adopted a part German Shepherd part Belgian Malinois as a companion for his year old white Shepherd/Lab/Husky Sunny,…”

Cat Owner: “I adopted a cat; an orange one.

#54 Fortune500 on 08.30.21 at 4:59 pm

So what do you suggest those 40 and under without wealthy parents do? Should they leave if they have the ability to do so with their skill set? Seems you are saying there is no solution.

Ps I like John and you both

#55 crowdedelevatorfartz on 08.30.21 at 5:01 pm

@#36 Quantitative Quintillians in debt

“The information is readily available and can be understood by even people with no formal schooling in economics.”

+++

You’re assuming we populist plebes can read…..

Please explain the economic ramifications of Greenspan’s dabbling to appease his “Masters” ….to us lesser folk…. and try not to put us to sleep.

#56 Jake on 08.30.21 at 5:02 pm

The truth is, the next 6 years are going to be worse than Trudeau’s last 6. No politician can escape the difficult decisions that need to be made. 2021 will look like a party compared to the covid hangover that is about to begin. O’Toole’s popularity will morph into spite and give Freeland a majority Lib gov’t in the next round.

#57 BlogDog123 on 08.30.21 at 5:03 pm

re: #35 Juan Gretzky on 08.30.21 at 4:27 pm
I’m no fan of Trudeau, but are we all going to be roasting marshmallows as the planet burns with O’Toole as PM?
Oh wait, I can get points towards a new bike.

===
Yes O’Toole’s points program is the biggest joke on the electorate.

Canada’s contribution is miniscule vs China/India and other larger polluters who aren’t too interested in cutting back. How about a big ol’ import tax on polluting countries. Or a science x-prize for reducing carbon way more than cars (carbon capture schemes)…

#58 TurnerNation on 08.30.21 at 5:10 pm

Apparently the Census asks how many bedroom are in your house? Comrades do not be greedy with your space.

Update on the Tent People. Many front lawns in Lefty Infested downtown Toronto sport those signs: we support our tent neighbours – or something like this. Sure let’s set up tents onto those same front lawns. See how fast they will fold – into NIMBYism.
The main camp on Alexandra Park – Dundas St W – the park still is half enclosed by temp fencing with security guards. Guess to where the tent people have moved.
Few blocks south, into Randy Padmore Park. The city acquised, with Porta Potties, too.

———————-
From JANUARY 2020.

#6 TurnerNation on 01.12.20 at 2:20 pm
Things will speed up SO fast in 2020-2021 to roll out the plans. Nobody will come to your door and take away your property no. They’ll just take 5-10% of its value away in Tax each year, and empty home tax, land transfer tax, capital gains on sales taxes (stay tuned!), carbon taxes. In a down market this would prove fatal
—-

— Yep we are in WW3. All fun is cancelled Comrades. The old culture, old ways must go!
We are under globalist occupation. You have not realized it, busy with the numbers on the telescreen.
Is there nothing CV cannot do in re-making this world??

https://trnto.com/cne-carnival-food-toronto/
“The Canadian National Exhibition has been synonymous with summer in Toronto for decades. In fact, since it first began as an agricultural fair in 1879, The Ex has only been cancelled once in 1942 due to military occupation during the Second World War, and it resumed in 1947. COVID-19 prompted the closure of The Ex in 2020 for the first time in 73 years, and sadly, the exhibition grounds will remain closed again this year, despite the lockdown being lifted.

Food is one of the biggest and arguably the most fun components of the CNE, and while you may not be able to wander the food hall and try a ton of wild creations “

#59 Re-Cowtown on 08.30.21 at 5:10 pm

#35 Juan Gretzky on 08.30.21 at 4:27 pm
I’m no fan of Trudeau, but are we all going to be roasting marshmallows as the planet burns with O’Toole as PM?
Oh wait, I can get points towards a new bike.
+++++++++++++++++++++++++++++++++

BC is hot. Europe is cold. If you average it out, on a global scale, nothing happened. But doing math doesn’t scare people into voting for you.

I puked in my mouth a bit a couple of days ago listening to a Global TV segment about hundreds of thousands of salmon fry and eggs being lost in a BC lake due to climate change.

The dam operator apparently didn’t get the message from the fisheries guy and drained the reservoir too early, killing the salmon.

Apparently, climate change caused the Homer Simpson-like dam operator to press the red button. I did not realize that climate change was able to cause an operator to screw the pooch.

The operator admitted in the interview that the red button should not have been pressed until October, but Climate Change made him do it.

And then T2 in a speech yesterday started claiming that some sirens in the background while he was speaking were sounding Climate Change alarms.

Which was right after T2 called everyone who disagreed with him as racist, misogynistic homophobic bigots.

Yeah… climate change…. let’s get right on that one….

#60 Dragonfly 58 on 08.30.21 at 5:12 pm

Let house prices stall and wages catch up . What ! Over the next 75 years ? In my area prices have gone from around $450,000 to roughly $2.5 million in about 15 – 18 years . My income went up about 50% over the same time frame and since retirement last year dropped back to about where it was in 2000. How many working lifetimes does it take for wages to increase 400 % – 500% ?

#61 Garibald on 08.30.21 at 5:13 pm

Trudeau is not a populist, but rather is offering policy solutions that he expects will be popular. Big difference, Garth, and you know this, and you also know that the populists — the real ones — are the rabble who shout obscenities at Trudeau’s campaign events. And this is the part of the population that O’Toole will be trying to tactfully win over. You certainly know this, too, but I don’t expect you to ever make critical note of it on this blog, that’s for sure.

Maybe you need to understand political populism better. It’s not about crowds. – Garth

#62 cto on 08.30.21 at 5:21 pm

maybe just maybe, voters do have some grasp of reality in canada, when in comes to monetary policy and finance.
Maybe even the millennials are actually thinking that there kids or future kids will pay the financial price. Maybe the boomers are now worried for their grand children.
The kids that cant vote will pay and pay dearly in the future.
The big question is, if the cons get in power, will the boC stop their spending spree, likely not.

#63 Alice in Cambridge on 08.30.21 at 5:23 pm

Oh Garth, you are sounding like a paid door-knocker for the Cons.

Latest polling projections, just reported on CBC news:

Liberals: 143 seats

Conservatives: 130

NDP: 38

—————————-

170 needed for a majority. These numbers show what will happen, in spite of a Con lead in polls. Not to mentioned that Green support will not go mostly Con, and neither will Bloc.

And this is all BEFORE the Cons run into their inevitable screwups in this campaign. That has just started, btw –

https://www.thestar.com/politics/federal-election/2021/08/30/conservative-candidate-quits-race-after-allegation-of-sexual-assault.html

#64 Barb on 08.30.21 at 5:24 pm

River exudes intelligence.
Beautiful and brilliant!

#65 mgfurks on 08.30.21 at 5:28 pm

Trudeau will win a majority government.

The Biggest Majority in Canadian History.

Bigger than Mulrooney.

I feel like Liberals aren’t quite tired of winning yet!

#66 Jib Halyard on 08.30.21 at 5:29 pm

Residential zoning moratorium.
Let the bulldozers and the market do their magic.
It’s the only way out of this.

#67 XGRO and panic on 08.30.21 at 5:29 pm

Imagine calling a snap election and having the arrogance to think that you will be re-elected, so you don’t even come up with a decent platform or have any kind of real plan for what you’ll do when in power.

This man’s colossal ego is bringing down the entire country and I am glad it is finally coming to an end. He had good ideas Canadians wanted, and he failed to deliver. National pharmacare, voting reform, etc. He squandered his time in power, and spent away our future on almost nothing at all. Some spending on the pandemic was indeed warranted, but in hindsight, the splurge looks reckless and poorly calibrated to what we actually needed.

Jean Chretien and Paul Martin paid down much of our deficit in the 90’s. I want THAT Liberal party to be running. Not this one.

#68 crowdedelevatorfartz on 08.30.21 at 5:34 pm

@#51 Alice in wonderland

Well I guess in your world if candidates were to resign immediately upon being accused of sexual assault without any proof……

Trudeau never would have run for office…..?

https://www.cbc.ca/news/politics/woman-accused-trudeau-breaks-silence-1.4737511

As for the riding in which the Conservative resigned.
The cons haven’t won in Dartmouth Cole Harbour since 1984…. so no point in running anyway…..and it looks like the NDP may win….

:)

#69 Howard on 08.30.21 at 5:35 pm

Inflation is hitting me hard. My rent just rose a whole 2€ here on the continent.

Kinda pissed off – that extra 24€ I’ll have to shell out over the next 12 months could’ve covered almost a year’s worth of Nespresso pods.

#70 Yukon Elvis on 08.30.21 at 5:36 pm

Sometimes you have to flush more than once.
Flush all the way back to Papineau.
Let Papineau drain the septic tank.

#71 crowdedelevatorfartz on 08.30.21 at 5:37 pm

#$63 mgfurks
“Trudeau will win a majority government.

The Biggest Majority in Canadian History.”
++++

Its good to know you Liberals are availing yourselves of legal drugs these days.
Have another toke…. the hallucinations get even better.

#72 Dave on 08.30.21 at 5:38 pm

Increase interest rates!!!!

Slow Stimulus!!!!

CENTRAL BANKS ARE THE PROBLEM

#73 KLNR on 08.30.21 at 5:42 pm

@#39 Ponzius Pilatus on 08.30.21 at 4:33 pm
#191 Ustabe on 08.30.21 at 11:29 am
#98 Tripp on 08.29.21 at 7:02 pm

#29 Ustabe on 08.29.21 at 3:29 pm

“Importation of MAGA/GOP/Republican style confrontational political protest and movements…”
—————————————————
Do burning churches, toppling statues and blocking railways qualify as “confrontational”?

Yes, of course. Pleased to answer any further questions.

#76 Sail Away on 08.29.21 at 5:43 pm

Calling all sturdy conservatives. Make this a country to be proud of again.

Flattering as it may be to have my phrase now being used by both you and Flop, may I point out that you are both using it incorrectly. A “sturdy” conservative is one who would benefit from sitting down and pondering stuff for a while. A recent example of a sturdy conservative was a poster who frequently bemoans “cancel culture” and yet beseeches Garth to ban another poster. Then goes on to engage in “gatekeeping” with another poster. (Marcia?…) Posts like Yoda but comes off more like Jabba all too often.

#56 BillyBob on 08.29.21 at 4:46 pm

Not sure what you are yammering on about but you need a refresher in reading comprehension. You are talking to nothing resembling the point I made in my OP. If you have something of value to say, say it, don’t use me as your foil to get your point across by misconstruing my words.

Everyone

If we could try and explain our anger instead of simply expressing it, if we could go to the post instead of the poster, if we could engage with and listen to a wide variety of expression/thought/questions maybe we could find solutions instead of arguments.
————-
Just barging in, if I may.
Ustabe, probably one of the best posts ever.
Keep up the spirit, my friend.

Ustabe is the voice of reason in this swamp.

#74 Chalkie on 08.30.21 at 5:43 pm

Justin thought he was so Smart to fool the country while he was so far ahead in the polls by giving so much away to so many, as he bought votes.
Justin was not Smart Enough to figure out that people with their hands out are like kids, they love you when you are handing out money, but don’t come handy when they are banking or spending it.
Well” guess what Justin, you have already handed out the money and your votes are away spending and banking the money, just when you need them at the polls, suck on the results Mr. Trudeau, you were the fool and we all knew it all along. With your beard now gone, let your eye lashes grow long enough to hide your shame.

#75 Howard on 08.30.21 at 5:43 pm

#35 Juan Gretzky on 08.30.21 at 4:27 pm
I’m no fan of Trudeau, but are we all going to be roasting marshmallows as the planet burns with O’Toole as PM?
Oh wait, I can get points towards a new bike.

————————————

I think that depends more on Xi Jinping. You go tell him to close the coal plants. Let us know how it goes.

#76 TMac on 08.30.21 at 5:46 pm

Poor Trudeau must be shaking his head every day now questioning what he has done.
Infinite power as a minority government under a never ending health state of emergency.
Narcissist can never look past their own reflection it seems.

#77 BillyBob on 08.30.21 at 5:46 pm

Hey Ustabe,

I’ll try and make it easier for you. You pronounced Canadians’ recent activity as “Importation of MAGA/GOP/Republican style confrontational political protest and movements…”

Which to me says you believe Canadians are incapable of such tactics of their own volition aka they had to “import” it. Simple enough for you?

I must disagree. Canadians, in spite of their characteristic passive-aggressiveness, are quite capable of confrontation. So I’m not sure if you’re just trying to pass the buck to Americans, or saying that Canadians just aren’t capable of an original idea. Which is it?

Please, stop endlessly demonstrating that age does not always correlate to wisdom.

#78 Faron on 08.30.21 at 5:51 pm

#57 Re-Cowtown on 08.30.21 at 5:10 pm

BC is hot. Europe is cold. If you average it out, on a global scale, nothing happened.

Nope. Global avg. temp keeps smashing records and that is with the ocean doing all the heavy lifting keeping temps down. Nice try with the dis information though.

And, even if the mega heat waves average out with long cool periods in a year, the heatwaves kill many thousands. The tally in the western North America June heatwave is over one thousand now. But hey, maybe you are one of those people (like the COVIDiots) who like to throw the elderly under the bus?

#79 Liberal Support Tanking - New Conservative Government to Form on 08.30.21 at 5:51 pm

Prime Minister Justin Trudeau may be starting to regret his decision to pull the plug on Parliament and call a federal election.

Heading into the third week of the campaign, a new poll from the Angus Reid Institute shows Trudeau is the most disliked major party leader in the country.

#80 jim tow on 08.30.21 at 5:55 pm

Trump lied, pandered and paid the price. Boris Johnson hobbled the UK with his populist Brexit dreamweaving. And Bolsonaro just jumped Brazil’s inflation rate by 50%. Populism is political failure…

*********

pfffft …so you think Biden has been an improvement?

#81 earthboundmisfit on 08.30.21 at 5:56 pm

A reader comment to a piece in yesterday’s G&M

“Never a more fitting epitaph for Justin’s Political career:”

“The wretch, concentered all in self,
Living, shall forfeit fair renown,
And, doubly dying, shall go down
To the vile dust, from whence he sprung,
Unwept, unhonoured, and unsung.” ~Sir Walter Scott~(1805)

#82 Faron on 08.30.21 at 6:04 pm

#71 KLNR on 08.30.21 at 5:42 pm
@#39 Ponzius Pilatus on 08.30.21 at 4:33 pm
#191 Ustabe on 08.30.21 at 11:29 am
#98 Tripp on 08.29.21 at 7:02 pm
#29 Ustabe on 08.29.21 at 3:29 pm

Ustabe is the voice of reason in this swamp.

Yup. It certainly doesn’t hurt that some of the loudest grouse who comment here have chosen to export themselves from this beavertopian dreamland we call Canada and thus find themselves neutered on far distant European shores.

#83 1980 on 08.30.21 at 6:08 pm

Remember what T1 did to Joe Clark in 1980?
The same trap will happen with T2 and O’Toole…

#84 Reality sets in on 08.30.21 at 6:13 pm

….”Trump lied, pandered and paid the price. Boris Johnson hobbled the UK with his populist Brexit dreamweaving. And Bolsonaro just jumped Brazil’s inflation rate by 50%. Populism is political failure. Economic decay follows. Remember these days.”

WHAT?? No mention of Biden’s showcase of accomplishments?

#85 Faron on 08.30.21 at 6:15 pm

#55 BlogDog123 on 08.30.21 at 5:03 pm

Canada’s contribution is miniscule vs China/India and other larger polluters who aren’t too interested in cutting back.

Two things. 1) Do you think China would be more or less motivated to cut emissions if they knew Canada was going to do jack? 2) As I’ve said, just because you cause 1% of a problem doesn’t absolve you of responsibility for your actions and contributions to the problem.

How about a big ol’ import tax on polluting countries. Or a science x-prize for reducing carbon way more than cars (carbon capture schemes)…

You are basically promoting a price on carbon or a carbon tax. A revenue neutral disincentive against GHG emissions like a carbon tax is needed. That or a cap-and-trade credit system are literally the only way international headway gets made to solve this problem. I’d say the latter, tradeable on the NYSE or CBOE or CME, are both feasible and would be effective.

Don’t think it’s a problem? Maybe have a chatsky with some residents of BC who have been huffing smoke year after year while watching the same tracts of land burn or farmers in AB and SK who have watched crop yields fall to 25% of expectation.

No one has to panic, but it’s time for the parties to stop passing the buck on this one.

#86 In Dog We Trust on 08.30.21 at 6:16 pm

Let house prices stall and wages catch up… Wont ever happen because all the jobs left for Free Trade ala Mulroney & Bay Street… And then more jobs left for NAFTA and Bay Street… So Bay Street prefers the Cons,,, what a con,, yet again…

#87 S.Bby on 08.30.21 at 6:17 pm

Don’t call him a speculator. It’s just a side hustle.

https://www.vancouverisawesome.com/opinion/taleeb-noormohamed-real-estate-investments-4266621

#88 PeterfromCalgary on 08.30.21 at 6:21 pm

Trudeau can’t honestly say he is on the side of the little guy despite bashing banks and big tech.

Voters just need to google three letters and one word to see that Trudeau in not sincere about being for the little guy. SNC Lavalin

#89 Quintilian on 08.30.21 at 6:28 pm

crowdedelevatorfartz:

“Please explain the economic ramifications of Greenspan’s dabbling to appease his “Masters” ….to us lesser folk…. and try not to put us to sleep”

I must respectfully decline, I’m not a Sisyphus type.
I don’t want to die on that hill. Even refined minds like Garth, firmly believe that central bankers are independent.

#90 TheDood on 08.30.21 at 6:37 pm

#76 Faron on 08.30.21 at 5:51 pm
#57 Re-Cowtown on 08.30.21 at 5:10 pm

BC is hot. Europe is cold. If you average it out, on a global scale, nothing happened.

Nope. Global avg. temp keeps smashing records and that is with the ocean doing all the heavy lifting keeping temps down. Nice try with the dis information though.

And, even if the mega heat waves average out with long cool periods in a year, the heatwaves kill many thousands. The tally in the western North America June heatwave is over one thousand now. But hey, maybe you are one of those people (like the COVIDiots) who like to throw the elderly under the bus?
_______________________

Gobally, 150,000 people die every single day for a multitude of reasons. The planet is heating up, no argument there, but it’s been heating up since the last ice age.

As for the ‘nice try with the dis-information’ comment, people ringing the alarm bells about climate change and climate catastrophe are just as guilty of feeding the masses with false information. The whole ‘climate change’ thing is such a disastrous mess because scientific data is continually poisoned by politics and special interest agendas. To make matters worse, any one who questions the MSM narrative or the masses is a ‘denier’ and needs to be cancelled. You can’t even have an adult conversation exchanging differing opinions without offending someone!

#91 SoggyShorts on 08.30.21 at 6:37 pm

#5 crowdedelevatorfartz on 08.30.21 at 3:32
@#202 Soggy Soaked Diapers

“There is a world of difference between “possibly more resistant to vaccines” and “totally useless”

+++

Tell that to the families of the dead.

****************
WTH are you talking about?
I’m disputing the claim that vaccines are useless against this variant.

Peru has the highest Lambda variant case %, but their population is only at about 25% completely vaxxed, and I still can’t find any article that says those vaccinations are “Totally useless” against the variant.

Sorry, but any claim this serious needs to come with a source, even if it’s a bad one, or else that Ontario guy just made it up.

#92 Damifino on 08.30.21 at 6:42 pm

#61 Alice in Cambridge

Latest polling projections, just reported on CBC news:

Liberals: 143 seats
Conservatives: 130
NDP: 38

———————————

Beautiful! Three weeks ago I would have sold my soul for a result like that. Just imagine, a second (smaller) Liberal minority is now a probable outcome. Leadership review, here we come!

Don’t look for me in late September. I’ll be out with Martha & the Vandellas, dancin’ in the streets.

#93 NOSTRADAMUS on 08.30.21 at 6:48 pm

LOADED REVOLVER.
Once the banks put their “war face on” a whole lot of overindebted speculators will be heading for the basement with a loaded revolver and a bottle of whisky. I now stand accused of practicing “Bitch Craft”, the art of pi*sing people off by telling the truth. One more time for the slow learners, “Beware The Ides Of November”. I am on my throne and I will not step down.

#94 Howard on 08.30.21 at 6:55 pm

#80 Faron on 08.30.21 at 6:04 pm
#71 KLNR on 08.30.21 at 5:42 pm
@#39 Ponzius Pilatus on 08.30.21 at 4:33 pm
#191 Ustabe on 08.30.21 at 11:29 am
#98 Tripp on 08.29.21 at 7:02 pm
#29 Ustabe on 08.29.21 at 3:29 pm

Ustabe is the voice of reason in this swamp.

Yup. It certainly doesn’t hurt that some of the loudest grouse who comment here have chosen to export themselves from this beavertopian dreamland we call Canada and thus find themselves neutered on far distant European shores.

————————————–

From the handful of Ustabe comments I didn’t scroll past, he seems bitterly angry that the Conservative Party isn’t identical to the Liberal Party. He also appears to be far-left yet hates to be called a leftist – go figure. Hasn’t he also said over and over, like a broken record, that the Conservatives would never win again? Granted, three weeks to go and anything can happen, but any skeletons waiting to be revealed are surely in Trudeau’s closet, not O’Toole’s.

#95 crowdedelevatorfartz on 08.30.21 at 6:56 pm

@#89 Groggy Soggy
“WTH are you talking about?
I’m disputing the claim that vaccines are useless against this variant.”

+++

I’m just trollin’ ya Soggy.
But.
Stay tuned for another variant that takes all unvaxxed comers.
Big or small,
Fat or skinny.
Short or tall.
Covid mutants luvs ya all

Today I texted two couples I know that refuse to get vaxxed.

I said, “Better hurry the unvaxxed are dropping like flies and you might want to get ahead of the rush”…..

Crickets.

#96 susanm_yxe on 08.30.21 at 6:56 pm

Bravo, Garth.
I printed today’s blog and will make copies to hand out to anyone campaigning on my street or wanting to discuss politics ‘over the back fence’.

Keep ’em coming, Garth. You say these truths better than I.

#97 Bonobo on 08.30.21 at 6:57 pm

Sorry but I’m hoping that Trudeau will stay as prime minister. The reason for this is because if the Cons win a minority then they will be blamed for all the economic malaise that is going to hit Canada over the next 5 years. Better for the Cons to sit on the minority sidelines for now and wait until Trudeau continues to bury himself in garbage and is thrown from office next election buy a majority Cons government. By that time people will be sick of progressive Libs and TicToc dancing idiots.

#98 crowdedelevatorfartz on 08.30.21 at 6:59 pm

@ 1980
“Remember what T1 did to Joe Clark in 1980?
The same trap will happen with T2 and O’Toole…”

+++

Joe Who?
Trap?
Bwahahahahaha.
Newsflash.
O’Toole HAS a chin.

#99 Bonobo on 08.30.21 at 7:01 pm

The buck stops with Trudeau and if all else fails he still has the option to blame Trump for all of his troubles.

#100 The sweet joy of steerage on 08.30.21 at 7:05 pm

Down down goes T2!!

It brings a tear of joy to my eyes….

https://twitter.com/CanadianPolling/status/1432477794806730756/photo/1

Unfortunately O’Toole has got a helluva mess to clean up….

#101 david on 08.30.21 at 7:05 pm

Lets be hopeful Canadian politicians won’t have to do anything.

The FED will start tapering at the end of this year and increasing rates at the end of 2022. US Congress and Senate will vote on a new 4000 billion $ deal this fall, mostly financed through debt.

This alone will push interest rates higher across the globe and shake the Canadian housing market

#102 Joseph R. on 08.30.21 at 7:06 pm

#90 Damifino on 08.30.21 at 6:42 pm
#61 Alice in Cambridge

Latest polling projections, just reported on CBC news:

Liberals: 143 seats
Conservatives: 130
NDP: 38
———————————

Beautiful! Three weeks ago I would have sold my soul for a result like that. Just imagine, a second (smaller) Liberal minority is now a probable outcome. Leadership review, here we come!

Don’t look for me in late September. I’ll be out with Martha & the Vandellas, dancin’ in the streets.

——————————————-

That would mean increase of the current NDP seats from 24 to 38.
What policy from the NDP you are looking forward to?

#103 Sail Away on 08.30.21 at 7:09 pm

#210 S.Bby on 08.30.21 at 2:50 pm
Did you hear about this?

https://www.citynews1130.com/2021/08/30/vancouver-liberal-taleeb-noormohamed-real-estate/

The guy made $4.9 million on these flips. $3.7 million of which he’s bagged in the last six years. Good for him… I guess.

———-

No big deal. He could also have made the same by investing $3M in the total US market 6 years ago… without all the RE hassle.

#104 Vancouver in the Rearview on 08.30.21 at 7:10 pm

#42,

By what proportion was there a mismatch in wage expectations and why do you think that was? Seems hard to believe that someone would get to that point in the negotiation and would have no idea what their own value was (though possible) compared to your firm’s ability to pay.

As an aside, if the alternative people were really as good as the ones you offered, why didn’t you offer it to them first? There must have been something in the rankings that made you prioritize the way you did. Honestly curious to know how much difference there was and how that relates to salary expectations.

In my racket, we’re dealing with this, too. Other places offer way better wages than we do, so salary expectations for recruitment from elsewhere sound a lot like what you have experienced, too.

#105 canuck on 08.30.21 at 7:10 pm

What did Trump lie about….specifically?

Perhaps the last politician who didn’t pander was… You. How did that work out?

#106 Faron on 08.30.21 at 7:13 pm

#88 TheDood on 08.30.21 at 6:37 pm

#76 Faron on 08.30.21 at 5:51 pm
#57 Re-Cowtown on 08.30.21 at 5:10 pm

Gobally, 150,000 people die every single day for a multitude of reasons.

That is an immaterial distraction. By direct analogy, you could begin to say things like murders are nothing to get worked up about because people die every day. Regardless, your number actually weakens your argument. Here’s how. There are 7.8 billion people on the planet, so the death rate is 150,000 divided by 7,800,000,000 = 0.019 per thousand.

The death rate during the heat wave was 1000 over a population of 6 million or so. 1,000/6,000,000 = 0.16. So, you are saying that increasing the death rate by ten fold is no biggie? That knowing with great certainty that these kinds of numbers are only going to grow in the future is fine as long as pop growth is outpacing deaths? Nice.

You can’t even have an adult conversation exchanging differing opinions without offending someone!

That has some elements of truth and, in all arenas, more collaboration is needed even though social media is carrying us the other direction. See KLNR’s nomination of Ustabe as most reasonable steerage participant.

However, the vast balance of climate change mis-information and dis-information has come through extremely well funded and organized campaigns to sow denialist doubt about a branch of science that’s in no worse stead than, say, material science or cancer research. These tactics are taken from the same playbook as the ones used by the tobacco industry to sow doubt about the link between cancer and tobacco that we now take as gospel (because it is factually true). The anti-climate change or climate change minimalism campaign has been wildly successful as evidenced by the 50 years that have passed since the topic first gained a political toehold and where we are today which is virtually no where (from a GHG standpoint, certainly improved from a non GHG pollution standpoint).

We can have a reasonable debate as soon as you recognize the extremely uneven role that climate denying misinformation has played and that said role vastly outweighs the shrillness of the climate emergency folks however annoying they can be.

All of that said, I think, unfortunately, people like me are going to have to swallow the loss in the information war in order to begin to get people like you to move toward a solution. Until we can agree on what the facts are (on this and any issue) there will be a deadlock.

#107 Joseph R. on 08.30.21 at 7:13 pm

#78 jim tow on 08.30.21 at 5:55 pm
Trump lied, pandered and paid the price. Boris Johnson hobbled the UK with his populist Brexit dreamweaving. And Bolsonaro just jumped Brazil’s inflation rate by 50%. Populism is political failure…

*********

pfffft …so you think Biden has been an improvement?

————————————————-

Why of course we all do. There’s no longer a half-senile POTUS blabbering nonsense on Twitter. How is that not an improvement?

#108 Charity on 08.30.21 at 7:14 pm

Why is it the economy is always tanking and the cons get elected to do the hard work and get booted for it, then as things get better libs are elected and ruin it. It’s been the same thing over and over and over. Mulroney elected to replace wing it T1 has to create GST then demolished
Then Harper cleaning house from Martin and now … rinse and repeat. Ugh.

#109 fishman on 08.30.21 at 7:15 pm

Populism attracks citizens who feel their interests are neglected by an elite. I’m a proud populist whose political heroes are populists from Tommy Douglas to W.A,C. Bennet to Preston Manning to the Trumpster. My Gawd, now to put the lil potato on that list? A true blue (red) populist metamorphosing from a Laurentian “Elite” leader of the Natural Governing Part. Can such wondrous happenings never cease in the land of the midnight sun.. No problemo for a man of such thespian talents. Canada is all a stage & he but an actor upon it. Meanwhile, as I am transfixed by lil potato’s transformation. Pondering when to climb onto this latest rendition of a populist potato groundswell. I’ll think like a criminal & keep my day job.

#110 The Ministry of Silly Socks on 08.30.21 at 7:16 pm

I’d be curious to know if there is someone keeping track of all the promised money Trudeau has allocated into future unfunded liabilities this campaign.

I hope someone is keeping track.

#111 CanadianOne on 08.30.21 at 7:22 pm

Just so all you deficit hawks get a glimpse of what the real numbers are from none other than,

https://www.fraserinstitute.org/sites/default/files/examining-federal-debt-in-canada-by-pm-since-confederation-2020.pdf

Is that conservative enough a record for you folks? Really deficits stopped mattering a while back….

#112 Freedom First on 08.30.21 at 7:24 pm

I am so glad I am the supreme being in my life.

Freedom First

#113 VladTor on 08.30.21 at 7:24 pm

to #61 Alice in Cambridge

Latest polling projections, just reported on CBC news:
Liberals: 143 seats
Conservatives: 130
NDP: 38

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

HA-HA-HA !!!!

Ask yourself – who is owner CBC? You will have an answer about real value such polling projections?

Who pays the piper calls the tune!

What about PPC Bernie? For public media this party not existing. They quiet about PPC. All of them. Why? They scare about real election results.

#114 Billy Buoy on 08.30.21 at 7:26 pm

C’mon Garth, if Justy just had another chance he just may balance the budget this time

Give the idealistic kid a break will ya.

#115 Paul on 08.30.21 at 7:29 pm

CBC is the big money drain. Shut them off.

#116 BlogDog123 on 08.30.21 at 7:34 pm

Liberals are getting desperate, scared… !!!

Robocalls on abortion survey ringin’ my phone off the hook!

Libs trying to highlight a tired old wedge issue!

https://nationalpost.com/news/canada/liberals-say-abortion-robocall-not-voter-suppression

#117 espressobob on 08.30.21 at 7:34 pm

How anyone votes is their own business.

Under the current government CERB and CRB were handed out like candy. No consequences required.

The piper will be paid at some point and the lack of leadership expecting vaccination from all Canadians is lacking big time.

Welcome to the fourth wave…

#118 Dino on 08.30.21 at 7:35 pm

It is not really 70% more to buy real estate in Canada since Trudeau, Federal Liberals been in power. It is much worse. For someone to pay 70% more that have to make 100% to 110% more income after just income taxes.

It is probably worse than that when you factor in other taxes from land transfer taxes, HST/GST, lawyer fees, other closing costs, property taxes etc. People havce no idea how badly they are and getting screwed.

#119 we are not sleeping on 08.30.21 at 7:42 pm

Adam Vaughan did not want to run again because he wants to avoid be asked about their capital gains on primary residences in Canada. We are not sleeping Adam Vaughan. We know what you are doing.

Adam Vaughan’s sneaky plan is if Trudeau gets in again he will just be put a cushy position given by Trudeau, Liberals getting big bucks and doing what he wants.

#120 Dean from Winnipeg on 08.30.21 at 7:43 pm

#15 Grumpy
“O’Toole has announced he will ban puppy mills, cosmetic testing on animals, abuse and violence against them.”

Dean from Winnipeg Tweeted back to O’Toole:
“Still waiting to hear your plan to stop your supporters from abusing the Prime Minister.”

#121 Howard on 08.30.21 at 7:49 pm

South China Morning Post:

https://www.scmp.com/news/china/diplomacy/article/3146957/canada-tax-agency-reveals-secret-study-linking-home-prices

Canada tax agency reveals secret study linking home prices to millionaire migration, five years after freedom-of-information request

#122 ImGonnaBeSick on 08.30.21 at 7:51 pm

I find it amazing that liberals don’t believe conservatives to be Canadian… In fact they apparently don’t even believe them to be human, but Neanderthals…

Quintillian, you seem like one of these a-holes. Likely one that would correct someone’s pronunciation to “nee·an·dr·taal”… Do you also refer to your “shed-yool”?

#123 Nat on 08.30.21 at 7:58 pm

Justin Trudeau did not have the credentials or experience to be Prime Minister, but in our system of government and in our society where image is more important than substance, that didn’t matter and he was still able to get the job.

If after the past six years of dysfunction and corruption, he is still able to hold on to his job, I will completely give up hope for the future of this country. It is so disheartening to see him as the leader of this country.

#124 NSNG on 08.30.21 at 8:06 pm

I haven’t checked if it is possible but I think the only fix to the housing market is to handcuff the hands of the central bank (figuratively, of course…..or maybe not).

I think what would do the trick would be a government-mandated half-point rise in interest rates every six months until we get to 7%.

You may think 7% is too high but a lot of credit madness would go away at that point.

#125 Big Bucksk on 08.30.21 at 8:09 pm

#37

That is the only hope Trudeau has now —that the Delta picks up steam and we have to shut down the economy again.Those relying on SMERB(smoking weed while laying on the couch)may drum up the fear they will run out of weed if O’toole gets in.Don’t think it’s going to happen though.O’toole is going to win this thing but whether he will be able to accomplish much will be interesting to watch.Trudeau may hang around like a bad smell(pungent weed) for a while but he’ll be on some island by next summer.

#126 Hailey on 08.30.21 at 8:13 pm

Vaccine passports, vaccine certificates show only you are vaccinated. Why doesn’t it show how many times you have been lately in the doctor’s off, clinic, hospital, other medical settings, what type and how many medications you are taking, how many times have you been hospitalized and for what reason, where you have traveled and are they high risk regions, what other risk factors you have from mental health to past criminal records, violations.

Just because you are vaccinated does not mean you are not a great risk to others around you.

#127 yvr_lurker on 08.30.21 at 8:15 pm

People follow blindly the comments and viewpoint of who their “god” is; whether it is some real-estate pumping dude with a long-standing blog, or whether it is the spokesperson of the Bay street crowd dressed in his 3-piece suit, who months ago was lamenting the rise of the minimum wage to help the working poor. Most of it is all spin and simply propaganda.

Frankly, no matter how we dice and slice it, the next generation is largely pooched in so many ways. Just came back from visiting inlaws in Okotoks (Garth would probably call it an armpit…), where one can buy a very decent house for around 600K (less than freaking Revelstoke in BC) and have a great quality of life with Kananaskis nearby. Great for young families.

I don’t see any political party that gives a shite about the challenges that young people will have to obtain the same standard of living that I did. The end game with very high immigration and urban densification will be for the young people to live super compactly in high towers like in Hong Kong or Seoul (where I lived for a while). Eventually, people will wake up to realize what has and is being lost. This election seems to put that issue clearly on the agenda.

#128 ImGonnaBeSick on 08.30.21 at 8:17 pm

#75 BillyBob on 08.30.21 at 5:46 pm
Hey Ustabe,

I’ll try and make it easier for you. You pronounced Canadians’ recent activity as “Importation of MAGA/GOP/Republican style confrontational political protest and movements…”

Which to me says you believe Canadians are incapable of such tactics of their own volition aka they had to “import” it. Simple enough for you?

I must disagree. Canadians, in spite of their characteristic passive-aggressiveness, are quite capable of confrontation. So I’m not sure if you’re just trying to pass the buck to Americans, or saying that Canadians just aren’t capable of an original idea. Which is it?

Please, stop endlessly demonstrating that age does not always correlate to wisdom.

—-

Apparently Ustabe doesn’t not stand for “Ustabe A Hockey Player” or “Ustabe One that went to Parties” or “Ustabe From a Small Town”… Heh. Non-confrontational… What Canada is that?

#129 cuke and tomato picker on 08.30.21 at 8:19 pm

Jake I like your theory we will see.

#130 Danny on 08.30.21 at 8:20 pm

NSNG, 7% is a good start but too low to slow. Jack up interest rates to 10%, mortgage rates I mean and leave it there for minimum 5 years. We need a $700,000 minimum drop in Toronto/GTA/ Vancouver/Victoria many areas with $1 million to $1.3 million property values and a $350,000 drop in many other cities in Canada. It is time to make the big price correction stick as the last 25 years there should of been at least 3 real estate corrections in a normal, balanced market.

#131 Stupid is as stupid does! on 08.30.21 at 8:24 pm

#7 I’m stupid on 08.30.21 at 3:36 pm

Why is it so hard to understand that the answer to all our problems is to allow interest rates to reflect market conditions? If the central banks stopped suppressing rates with bond buying our economy will find its balance.

Will it be painful? Sure but when the dust settles we would be better off. Right now we’re getting tortured by a thousand little cuts. Eventually all those little cuts will become a huge gash.

_________________________________________

Normally I deliver a soul-crushing, incendiary insult to I’m Stupid. But I can’t argue with this one. So I’ll let him live to read another post tomorrow…..

Regrettably, Canada is so feeble it really just occupies the armpit of the USA. Raising our interest rates means CAD$ increases which would significantly impact trade / export.

#132 When Will They Raise Rates? on 08.30.21 at 8:29 pm

DELETED

#133 Don on 08.30.21 at 8:46 pm

#10shortymac. Why did you get vaccinated if you previously had covid?

#134 Cici on 08.30.21 at 8:55 pm

#2 Lobster Man

I heard he had flipped 42 properties: https://twitter.com/martinmacmahon/status/1432318607413813259

One thing’s for sure, that kind of activity is surely putting lots of upward pressure on home prices.

#135 espressobob on 08.30.21 at 9:21 pm

We’re all in this shit together. Vaccine passports just prove division between those who choose to be part of a solution, and a few otherwise.

This a war against an invisible enemy.

The next variant could prove to be a real bitch.

Anti social behavior sucks.

What’s the problem?

#136 C. Smith on 08.30.21 at 9:26 pm

There is only one thing that will fix the housing crisis. If all those masses of millennials, that powerful group of voters and tax payers, who Trudeau is so cynically targeting, as well as anyone else looking for a home, say “Enough”. Enough being conned by the politicians, banks, mortgage providers, real estate TV, blind auctions, bully offers, and escalation clauses, realtors, CREA, and well-meaning parents. Enough of being screwed by speculators, investors and money launderers.

What if they all said “All those entities are profiting on us and our trust in an institution and the foundation of our communities and a secure life that has been turned into a tax cash cow by the government, and a monopoly board by the rest. We ain’t buying.”

Yes, it’s trite but It would all collapse like a ….

#137 Damifino on 08.30.21 at 9:27 pm

#102 Joseph

That would mean increase of the current NDP seats from 24 to 38. What policy from the NDP you are looking forward to?
——————————–

I’m not looking forward to, but rather, expecting the same old misguided dipper stuff from them. It won’t matter anyway since 38 seats are no better than 24 when it comes to measuring the clout they’d have in the house. They’d still be getting their lunch eaten by a minority Liberal government who would then be even meaner “partners” than previously.

The important thing, by far, is that the sun would almost certainly set on T2 while he grapples with a dog’s breakfast of his own making. It wouldn’t go on too long. Then perhaps… a Conservative Majority in two years?

#138 FriedEggs on 08.30.21 at 9:43 pm

The ink has dried up. The pen is dead.
Lets go vote.

Ill wave to you all on the sidewalk outside of the restaurants eating my peanut butter and jelly sandwiches. Sort of like what the French are doing.

#139 Proud CERBian on 08.30.21 at 9:45 pm

We do not need to worry about political solutions to the real estate mess.

My nation will hold itself together with direct deposits every two weeks.

All hail, CERBia.

#140 crowdedelevatorfartz on 08.30.21 at 9:46 pm

@#103 Sail Away
“No big deal. He could also have made the same by investing $3M in the total US market 6 years ago… without all the RE hassle.”

++++

And all that flipping is only ONE flipper.
Imagine if people hadn’t been nonstop flipping the last decade.
Houses might actually be affordable.

Who knew.

#141 Doug t on 08.30.21 at 9:50 pm

Sadly Stick a fork in this Country cause it’s done – I can’t help but wonder the damage T2 has done by making so many Canadians turn on each other …. like Trump did

#142 crowdedelevatorfartz on 08.30.21 at 9:50 pm

@#115 Paul
“CBC is the big money drain. Shut them off.”

+++

Not to worry Paul.

Politically correct, socially woke, completely irrelevant CBC is the $1.5 BILLION dollar per year taxpayer funded baby…. that has fewer National viewers than a Canucks Hockey game.

Give them a bit more time to become so useless even the Liberals won’t fund them any more.

#143 Doug in London on 08.30.21 at 10:05 pm

rising home prices and household debt drives our economy.
————————————————————-
Is anyone actually dumb enough to believe that? Cheaper houses mean consumers have more money in their pockets to buy other goods and services, which drives the economy. Cheaper houses mean lower wage demands, which makes the economy more competitive.

@Charity, post #108:
You mean like how the economy recovered from the recession of the early 1990s and actually boomed during the watch of Liberals Jean Chretien and Paul Martin?

#144 KLNR on 08.30.21 at 10:27 pm

@
#107 Joseph R. on 08.30.21 at 7:13 pm
#78 jim tow on 08.30.21 at 5:55 pm
Trump lied, pandered and paid the price. Boris Johnson hobbled the UK with his populist Brexit dreamweaving. And Bolsonaro just jumped Brazil’s inflation rate by 50%. Populism is political failure…

*********

pfffft …so you think Biden has been an improvement?

————————————————-

Why of course we all do. There’s no longer a half-senile POTUS blabbering nonsense on Twitter. How is that not an improvement?

It’s a relief to not hear about US politics 24/7 anymore let alone the petulant daily tweets of agent orange.
I’ll admit the late night shows have taken a hit without their muse.

#145 Barb on 08.30.21 at 10:27 pm

#100
“Unfortunately O’Toole has got a helluva mess to clean up….”

—————————–
Hopefully he will have our own Garth head his economic advisory team. But he can only have him one day each week. He simply has to listen to common sense.

#146 cuke and tomato picker on 08.30.21 at 10:33 pm

At old men’s red neck coffee several locations they are hoping for a Trudeau victory for the 10 per cent increase in OAS for 75 year olds. Everybody likes happy happy
grandparents.

#147 Faron on 08.30.21 at 10:40 pm

Spotted: BillyBob on his way to visit The Jaguar.

https://globalnews.ca/news/8152739/westlock-alberta-plane-crash

#148 Trustee1 on 08.30.21 at 10:42 pm

“Populism is political failure. Economic decay follows. Remember these days.“

Someone should tell Legault…

#149 april on 08.30.21 at 10:44 pm

#135 – The Tyee newspaper, online. August 30.Governments Won’t Stop COVID. It’s Up to Us. By Andrew Nikiforuk.

#150 PBrasseur on 08.30.21 at 10:50 pm

Sure enough there are some nutcases at Trudeau’s rallies.

But have you ever seen a Canadian politician inspire so much anger before?

The king of woke is about to leave the stage!

#151 AM in MN on 08.30.21 at 11:17 pm

#78 Faron on 08.30.21 at 5:51 pm
#57 Re-Cowtown on 08.30.21 at 5:10 pm

BC is hot. Europe is cold. If you average it out, on a global scale, nothing happened.

Nope. Global avg. temp keeps smashing records and that is with the ocean doing all the heavy lifting keeping temps down. Nice try with the dis information though.

————————————————————–

Nonsense, 1921 still holds the record for the Northern Hemisphere, do some research and quit being used as a propaganda tool. Check out the numbers from the 1930’s dust bowl era, and some of the earliest recorded wildfires in the 3M+ acre size. Nothing new about this year, just cyclical.

But even that isn’t the point. The issue is how would you live your life without hydrocarbon based energy?

Perhaps explain it to everyone else and let them see if they’d like to share your lifestyle.

The huge technological achievement that was the ability to harness the power of hydrocarbon based energy is what made it possible to populate previously largely barren landscapes like Canada’s north. In your stone age world, do we all move back to the equator or Mediterranean?

Hydrocarbon based fertilizers multiply the amount of food that can be grown, and new ag technologies are coming online every year.

Technological innovation, which comes with human freedom, will solve any problem of the weather that needs to be solved at that time. As of this time, there is no lack of food for anyone in the world due to global warming.

When the sun goes through its minimum cycles, and global cooling becomes an issue, that will be a more difficult challenge, but not an insurmountable one.

We have the technology to host at least 20B people on the earth if we need to. There is nothing going on with the weather that requires us to throw away all of our ancient hard won freedoms.

#152 Vancouver Liberal candidate flipped dozens of homes for profit, records show on 08.30.21 at 11:22 pm

The Liberal candidate in the riding of Vancouver Granville has flipped more than 20 properties after less than a year of ownership since 2005.

#153 Keith on 08.30.21 at 11:29 pm

@ 150 PBrasseur

When it comes to inspiring anger, Mulroney is the all time champion, followed by Harper.

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

#154 VladTor on 08.30.21 at 11:31 pm

To #121 Howard on 08.30.21 at 7:49 pm

Thank you – interesting.

So what? Read my post yesterday at “The turning”:
#97 VladTor on 08.29.21 at 7:01 pm

I would not ask non-residents at all where they got the money from. Money was stolen or they hid their income from taxation in their country … whatever. This is not in Canada. Let the tax authorities in their countries worry about that. They have not violated anything here. On the contrary, they are good guys who gave jobs to our companies and salaries (good by the way) to our employees who pay taxes here. Remember – “What’s good for General Motors is good for USA.” It is the same.

The rules for non-residents should be different. That’s what’s important! The tax on real estate is higher, the tax on an empty house is higher in comparison with the same taxes for residents.

What’s else? And then here’s what – my task as a cruel capitalist is to keep money in my hands as long as possible. Money makes money. Suppose someone Mike Pupkin from China bought a house for 3,000,000 here. He is cunning and in a month can sell it here for 1,000,000 to the Chinese John Pupkin and take 4,000,000 from him there. There are many options for fraud. But we are not fools either. This is where we need to act. The rules are as follows – a non-resident cannot sell a house to a non-resident within 5 years from the date of closing the purchase. He can sell to a resident at any time (the resident will report about source the money to the revenue), but a resident who bought such a house cannot sell it to a non-resident within five years from the purchase by the first non-resident. In any case, the house cannot be sold for less than the valuation. Well, etc. All such rules serve one purpose – to keep the non-resident’s money here for 5 years. And so on.

The government should be non-corrupt and work in the best interests of Canadians and pass this kind of legislation.

#155 BillyBob on 08.30.21 at 11:35 pm

#82 Faron on 08.30.21 at 6:04 pm
#71 KLNR on 08.30.21 at 5:42 pm
@#39 Ponzius Pilatus on 08.30.21 at 4:33 pm
#191 Ustabe on 08.30.21 at 11:29 am
#98 Tripp on 08.29.21 at 7:02 pm
#29 Ustabe on 08.29.21 at 3:29 pm

Ustabe is the voice of reason in this swamp.

Yup. It certainly doesn’t hurt that some of the loudest grouse who comment here have chosen to export themselves from this beavertopian dreamland we call Canada and thus find themselves neutered on far distant European shores.

—————————————————————————-

Please. We all know that if the Canuckistan socialist experiment hits a wall like it looks as it very well will, you’ll de-camp to Portland.

Hope you don’t take too big a loss on that Vic property, don’t let the door hit you etc…

And again, thanks for allowing we expats to vote without having to live there. Best of all worlds.

#156 Ustabe on 08.30.21 at 11:37 pm

#94 Howard on 08.30.21 at 6:55 pm

…From the handful of Ustabe comments I didn’t scroll past, he seems bitterly angry that the Conservative Party isn’t identical to the Liberal Party. He also appears to be far-left yet hates to be called a leftist – go figure. Hasn’t he also said over and over, like a broken record, that the Conservatives would never win again? Granted, three weeks to go and anything can happen, but any skeletons waiting to be revealed are surely in Trudeau’s closet, not O’Toole’s.

Howie, after years of volunteer work for both provincial and federal Progressive Conservative candidates and the party in general I was offered and accepted paid positions in both the 1978 and 1982 Saskatchewan provincial elections.

Immediately after the 1982 election the party melted down and the Saskatchewan Party replaced it.

However in the federal election of 84…Mulroney’s historically huge majority, I was offered a six month contract with John Gormley’s campaign. That took me to Ottawa.

(How far left am I sounding so far?)

My early education in both history and English as well as innumerable life lessons was provided by Ted Byfield. If that name doesn’t ring a bell think of Alberta Report, BC Report and so on. Books (all of which I have)
That man showed me how to make a snowshoe harness out of lamp wick for when your store bought leather harness breaks.

Still too far left?

I donate to and semi-annually (or less, dependent on mood) attend Preston Manning’s conferences held in Calgary, under the banner of his Canada Strong and Free endeavor.

Fun fact, I was introduced to him years ago, just a passing intro at a cocktail reception, and ever since if we happen to pass in a hall or end up in the same corner of a room he is able to greet me by name.

Imagine Preston not only hanging out with lefties but recalling their names even years later!

Or wait! Maybe I’m not a leftist and maybe you are simply wrong!

Can you imagine?

As for me being bitterly angry at anything…well it is hard to be so when you have the health I and my wife do, along with serious money from two good, long careers.

In summation: I’ve seen how the sausage is made and it isn’t pretty and I know what kind of shape the CPC back room is in and that too isn’t pretty. Its not a big tent held up by solid lumber any more, it is a tattered tent in need of serious repair or replacement held up by splinters.

#157 The Vancouver Model - 41 properties on 08.30.21 at 11:37 pm

According to British Columbia’s assessment records, Taleeb Noormohamed (Liberal Candidate for Vancouver Granville) has sold 41 properties since 2005 — 21 of them after less than a year of ownership — making $4.9 million in the process.

Says he’s ‘fully committed’ to housing affordability.

#158 Repurchase Disagreement on 08.30.21 at 11:59 pm

What Faron won’t tell you…

• The record breaking Global Temperature you hear about with fear and trembling is NOT OBSERVED data at the surface, but rather a a dataset (called HadCRUT) that is subject to ‘adjustment’.

• And this (the John Kerry admission)…

https://twitter.com/JunkScience/status/1347550468277481473?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1347550468277481473%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.climatedepot.com%2F2021%2F01%2F08%2Fhere-we-go-again-2020-claimed-to-be-tied-with-2016-for-hottest-year-declaration%2F

#159 BigAl (original) on 08.31.21 at 1:21 am

#54 Fortune500 on 08.30.21 at 4:59 pm
So what do you suggest those 40 and under without wealthy parents do? Should they leave if they have the ability to do so with their skill set? Seems you are saying there is no solution.
=====================

My advice is to start a business – any business.
Learn to buy and sell things.
You can even start by working somewhere temporarily to steal ideas, supplier lists, and learn/spy while getting paid. It’s a jungle out there. Be your own robber baron.
Be creative. Start out of your home or cheap commercial space if you need a place.
Take risks especially when you are young.

#160 The joy of steerage on 08.31.21 at 1:29 am

The Taliban now have more helicopters than Canada…. the mind boggles…..

#161 KLNR on 08.31.21 at 6:09 am

@#150 PBrasseur on 08.30.21 at 10:50 pm
Sure enough there are some nutcases at Trudeau’s rallies.

But have you ever seen a Canadian politician inspire so much anger before?

mike harris?

#162 fancy_pants on 08.31.21 at 7:19 am

My prediction is T2 gets in again. The pleasantly surprised, truly humbled card follows, then right back to decimating what is left of this country.

#163 RedArmy on 08.31.21 at 7:34 am

Love this new political tiktok song I found…

Onward, Liberal soldiers, marching as to war,
With the plaque of Trudeau going on before.
T2, the royal master, leads against the foe;
Forward into battle see His banners go!
Crowns and thrones may perish, kingdoms rise and wane,
But T2 and his dominion surely will remain.

#164 crowdedelevatorfartz on 08.31.21 at 8:24 am

@#160 Steerage
“The Taliban now have more helicopters than Canada…. the mind boggles…..”

++++

There was a study done a few decades back by an international accounting firm that was hire to find out WHY Canadian military purchases take so long.

The conclusion?

“Canadian govt bureaucrats rules and regulations for military equipment appropriation was a classic example of how NOT to buy equipment…..”

(Still waiting 10 years later for those “new” Fighter jets consecutive govts keep squabbling about to replace the 40 year old F-18’s that we are running out of spare parts for…….unless we buy parts from Australia as they upgrade their fleet.)

#165 the Jaguar on 08.31.21 at 8:30 am

@Ustabe

“#76 Sail Away on 08.29.21 at 5:43 pm

Calling all sturdy conservatives. Make this a country to be proud of again.

Flattering as it may be to have my phrase now being used by both you and Flop, may I point out that you are both using it incorrectly. A “sturdy” conservative is one who would benefit from sitting down and pondering stuff for a while. A recent example of a sturdy conservative was a poster who frequently bemoans “cancel culture” and yet beseeches Garth to ban another poster. Then goes on to engage in “gatekeeping” with another poster. (Marcia?…) Posts like Yoda but comes off more like Jabba all too often.”
+++++

Let’s have that ‘recent’ example. The one about someone being banned. You’ve gone on about this more than once. So let’s have it. Provide the facts/example.
And to be clear, if you are the one who first used the phrase “sturdy conservative’, be assured it isn’t with you in mind that it continues to surface, so don’t be flattered. Again, please provide the recent example about someone being ‘banned’. It’s your put up or shut moment.

#166 I’m stupid on 08.31.21 at 8:32 am

#131 Stupid is as stupid does

There is no argument regarding Canada’s place under the armpit of the US. I’m not talking just Canadian interest rates. Interest rates worldwide have been suppressed for far too long that we now have an everything bubble.

With interest rates at near zero worldwide, capital is flowing to crazy places. Crypto took off under low rates, unicorns were born because of low rates, housing exploded because of them too.

Some companies issue bonds to pay dividends because it makes more sense than using cash reserves. Does that sound normal?

The collapse of rates has created something like a front loaded loan vs a backloaded one in housing. If the average person can pay x per month for a mortgage houses become whatever x is per month times the maximum amortization period.

So if x is 3k a month and interest is 0 and maximum amortization period is 30 years then the average house becomes $1080000.

Mortgages payments are principal + interest. If interest is zero principle will clime to what people can afford. If interested increased principal would fall to that affordability number.

I can only speak for myself, when I originally purchased my home I paid 600k. I pulled 700k over the years from it and invested it because it makes more sense for my situation to do so. How many people are using helocs to buy more houses and fancier cars and boats etc etc etc? All this is possible because the rates are way too low. The markets are distorted to a point that I just can’t think of a painless way to rectify the situation.

So here we are, people in their 20s and 30s aren’t able to become adults because they’ve been given the short end of the stick. Every government has pulled from the future to fix it’s current problems and the future is now.

#167 liberal crooks on 08.31.21 at 9:10 am

#157 The Vancouver Model – 41 properties on 08.30.21 at 11:37 pm

According to British Columbia’s assessment records, Taleeb Noormohamed (Liberal Candidate for Vancouver Granville) has sold 41 properties since 2005 — 21 of them after less than a year of ownership — making $4.9 million in the process.

Says he’s ‘fully committed’ to housing affordability.
______________________________

i see CRA cracking down hard on him now.
that’s can in no way shape or form be considered anything but income. if he’s claimed those transactions as capital gains, he’s toast and so are his accountants.

#168 IHCTD9 on 08.31.21 at 9:33 am

If O’Toole actually pulls out a win – especially a majority, I feel bad for the guy. Congratz, you’re now in control of a battered economy and overseer of a Trillion+ in debt.

Trudeau marks the turn from the “old Canada” where a good life was affordable on normal incomes, to the “new Canada” where Politicians flip houses as a side-gig, and Canadians need a 200K income to buy the average Toronto SFD.

That sounds like campaigning to win a few rounds in the ring with Mike Tyson. I’d be just as happy to see sock-head win.

#169 ImGonnaBeSick on 08.31.21 at 9:38 am

@#150 PBrasseur on 08.30.21 at 10:50 pm
Sure enough there are some nutcases at Trudeau’s rallies.

But have you ever seen a Canadian politician inspire so much anger before?

—-

Don’t buy into the Trudeau victim garbage out there… He’s a crybaby… Here’s a small excerpt of what other PMs and Premiers had to endure without the media wiping their tears…

“However, Trudeau isn’t the first prime minister to draw such heated contempt. People once threw rocks at a train car carrying Pierre Trudeau and his children . Brian Mulroney was accused of treason, and after being swarmed by protesters in 1988, his wife was “struck violently in the stomach by a demonstrator,” he told media. Nor is the anger directed at Trudeau unique to more recent times. Effigies of Stephen Harper were burned at demonstrations, and In 2019, a mock guillotine was brought to an anti Doug Ford protest with signs that read “no cuts but this cut.” And we’ve also seen real and tragic political violence directed at politicians before. In 2012 a man tried to assassinate Parti Quebecois leader Pauline Marois during her victory speech, killing one stage technician and severely injuring another.”

https://nationalpost.com/opinion/ben-woodfinden-trudeau-hardly-the-first-to-face-nasty-protests-but-this-is-a-twitter-thread-come-to-life

#170 IHCTD9 on 08.31.21 at 9:43 am

#167 liberal crooks on 08.31.21 at 9:10 am
#157 The Vancouver Model – 41 properties on 08.30.21 at 11:37 pm

According to British Columbia’s assessment records, Taleeb Noormohamed (Liberal Candidate for Vancouver Granville) has sold 41 properties since 2005 — 21 of them after less than a year of ownership — making $4.9 million in the process.

Says he’s ‘fully committed’ to housing affordability.
______________________________

i see CRA cracking down hard on him now.
that’s can in no way shape or form be considered anything but income. if he’s claimed those transactions as capital gains, he’s toast and so are his accountants.
____

I’d love to see it. But under the Libs, and as we’ve seen a lot recently, certain folks are allowed to break the Law consequence free. It would be so easy for the CRA to just not check if he claimed them all as PR’s, and wait for it to all go away…

Fill your boots young hopeful Canadian home buyers, this Taleeb guy is a big reason why you can’t buy, and if no one in the Liberal Party of Canada even cares – and if the CRA can’t even be bothered to check out this dudes obvious potential tax evasion – then you are sunk.

#171 R on 08.31.21 at 9:49 am

#27 Dolce Vita on 08.30.21 at 4:03 pm
Trudeau et. al. will be gone soon enough. Mainstreet Research / August 28, 2021 / n=1798 / MOE 2.3%:

CPC: 38% (+4)
LPC: 28% (-5)
NDP: 19% (+3)
BQ: 7% (-1)
PPC: 5% (+3)
GPC: 2% (-5)
———–
Question? Can the LPC & NDP unite and with 47% form a govt?

#172 Dharma Bum on 08.31.21 at 9:50 am

#46 The Jaguar

What’s with the messy closet in the background, Dharma Bum?
————————————————————————————

Hahahaha! My wife said the same thing.

The dog jumped up onto our bed and I spontaneously snapped that photo without considering the background.

Anyway, the excuse is that we crammed the contents of our suitcases into one closet while visiting, including my ski clothes which I left there from the last visit.

I shoulda just photoshopped the background out given that I decided to submit the picture for public viewing to millions and millions.

Sigh.

#173 Trojan House on 08.31.21 at 10:08 am

Vaccines will end the pandemic? Likely not until 2024. Take a look at the federal government’s vaccine procurement:

https://www.canada.ca/en/public-services-procurement/services/procuring-vaccines-covid19.html

#174 crowdedelevatorfartz on 08.31.21 at 10:10 am

Gee whizz.
the 338Canada website must be getting popular.
Its down this am…..

#175 Sail Away on 08.31.21 at 10:36 am

#172 Dharma Bum on 08.31.21 at 9:50 am
#46 The Jaguar

What’s with the messy closet in the background, Dharma Bum?

———

Hahahaha! My wife said the same thing.

The dog jumped up onto our bed and I spontaneously snapped that photo without considering the background.

Anyway, the excuse is that we crammed the contents of our suitcases into one closet while visiting, including my ski clothes which I left there from the last visit.

I shoulda just photoshopped the background out given that I decided to submit the picture for public viewing to millions and millions.

Sigh.

———-

Buddy, you should just drop and knock out 50 pushups for that disgrace of a closet… and another 20 for the excuse.

#176 Keith on 08.31.21 at 10:40 am

A huge site that used to have social housing, in a prime Vancouver neighbourhood in between pedestrian shopping Main street and one of Vancouver finest parks. Upzoning from 226 units to 1400, 1174 units for profit. About as risk free a real estate deal as you could imagine.

How about a 211 million dollar tax free loan from the taxpayer for 18 years, enabling the developer to sit on the land while it increases in value? The B.C. Liberals apparently changed only the name of the old Social Credit party – the apparent corruption stayed firmly in place. Too bad ordinary citizens, not only are you shut out of buying real estate, you get to subsidize the profits of the very developers who priced you out. Unbelievable.

https://www.cbc.ca/news/canada/british-columbia/b-c-government-gave-developer-211m-interest-free-loan-in-little-mountain-land-sale-1.6159289

#177 Quintilian on 08.31.21 at 10:41 am

#170 IHCTD9
“Says he’s ‘fully committed’ to housing affordability.”
[Taleeb Noormohamed] (Liberal Candidate for Vancouver Granville) has sold 41 properties since 2005 — 21 ]

The headline misses the true essence of the problem.

The contemptible lowlife is supported and kept in power by his constituents.

Not elected yet. – Garth

#178 The sweet sweet joy of steerage on 08.31.21 at 10:48 am

#174 crowdedelevatorfartz on 08.31.21 at 10:10 am
Gee whizz.
the 338Canada website must be getting popular.
Its down this am…..
….

The libs have taken it out…..scoundrels that they are….. it still survives on twitter…… cons leading in seat projections now…. hallelujah…there is a dog in heaven…

Come on Ontario and Atlantic…make it happen…

#179 The irresistible joy of steerage on 08.31.21 at 11:08 am

Kenney and Ford have been put in a witness protection program by O’toole..keep the bozo eruptions at bay!

#180 LSC on 08.31.21 at 11:16 am

I would love for the up coming debates to include the following question to all participants:

If elected will you do as the UK and have an independent public inquiry into the coronavirus pandemic and the government’s Covid response

Statutory probe will have powers to compel witnesses under oath

Sure, let’s waste more money on the virus. – Garth

#181 yvr_lurker on 08.31.21 at 11:17 am

#176
A huge site that used to have social housing, in a prime Vancouver neighbourhood in between pedestrian shopping Main street and one of Vancouver finest parks. Upzoning from 226 units to 1400, 1174 units for profit. About as risk free a real estate deal as you could imagine.
————–

And who was at the center of giving out this interest free loan funded by the little taxpayer? Coleman. The same fellow who stifled the inquiry into money laundering. Very sweet deal for Holburn, negotiated through their friends in the Gov’t. With the terms of the agreement, there is no timeline to build anything on these lands; just wait for the appreciation. I don’t believe for a minute that there was no better deal that the Gov’t could have made at that time to build badly needed housing on that land.

This borderline corruption runs through all main parties it seems. The flipper in Vancouver Centre needs to get his ass handed to him in the election. Hypocrite at its best.

#182 Steven Gregory on 08.31.21 at 11:20 am

You’ve given us a couple of ‘what happens to the economy if Trudeau is re-elected’ posts. Could you give us what you view as the result of a Conservative PM? Thank you!

#183 Quintilian on 08.31.21 at 11:26 am

“Not elected yet. – Garth”

If he doesn’t get elected, it won’t be because the voters will want to punish him because of his socially and economic destructive behaviour.

It will be to just punish Trudeau over the Wilson-Raybould drama, and not because they want affordable housing, God forbid a reduction in their unearned equity.

Disingenuous voters, supporting candidates who will look after their respective interests.
There are pimps, because there are Johns.

#184 Bob on 08.31.21 at 11:38 am

@#167 liberal crooks

i see CRA cracking down hard on him now.
that’s can in no way shape or form be considered anything but income. if he’s claimed those transactions as capital gains, he’s toast and so are his accountants.

Those would be capital gains and would be properly declared as such. The only question is whether he made illegal use of the principal residence exemption to evade taxes on business profits. To date, I haven’t seen any evidence that he did, so I’ll reserve judgement.

I also think that people should keep in mind the difference between speculating and improving housing for profit. The former is a scourge; the latter is a legitimate activity. People who buy dilapidated houses, affect repairs and improvements, and then sell for a profit are performing a real service that has real value. As long as they pay their taxes, I don’t have any problem with it.

#185 VanSight on 08.31.21 at 11:42 am

With respect to Real Estate, we need to reinforce the view that it is an investment that can go up or down. None of the parities should be promoting methods to make it easier to buy. Home ownership is at an unprecedented high.

The Globe promoted the idea that more supply is a solution, but in the really valued areas, it is the land value that is the lion’s share of the price. Unless folks get used to the idea of higher density housing, the supply idea does not work.

The current proposals from the parties are trying to preserve the “wealth” that everyone thinks that they have in their properties. We need to NOT do that. I don’t particularly want anyone to pop the bubble here, but the combination of speculation and low interest rates have brought us here.

It looks like inflation is coming back. As I understand it, pretty much the only tool to fight inflation is to raise interest rates. If rates go up, or there is an economic shock, everyone who is heavily leveraged will be in some hot water. The monthly payment on $800K at 2.4% is a very different than the same $800K at 4% (Approx. $2100 vs $3500). That’s a big hike to absorb for anyone.

#186 Oh the joy of Steerage on 08.31.21 at 11:47 am

They are hiring at Whistler.. just in time it looks like!

Hey T2 .. do you have your Level 1 Instructor yet?…..

https://jobs.vailresortscareers.com/whistler/job/Whistler-Snow-Sport-Instructor-Level-1-Winter-Seasonal-BC/780938400/

#187 Damifino on 08.31.21 at 12:00 pm

#184 Bob

Those would be capital gains and would be properly declared as such.
——————————–

That is, unless the CRA decides to declare them business income, in which case, they become so.

I agree with you that upgrading and re-selling dilapidated housing is a valid and useful enterprise.

But if you do that continually over several years, then it’s hard to argue that you not are in business.

#188 KLNR on 08.31.21 at 12:00 pm

Was feelin’ a little too good about life this morning.
perused the comments section here, problem solved.
thx folks.
Carry on :)

#189 Love_The_Cottage on 08.31.21 at 12:12 pm

Canadian economy contracts 1.1%, predictions of rising interest rates are wrong (again).

Nobody predicted a higher BoC rate in 2012. – Garth

#190 Sail Away on 08.31.21 at 12:48 pm

#180 LSC on 08.31.21 at 11:16 am

I would love for the up coming debates to include the following question to all participants:

If elected will you do as the UK and have an independent public inquiry into the coronavirus pandemic and the government’s Covid response

Statutory probe will have powers to compel witnesses under oath

“Sure, let’s waste more money on the virus. – Garth”

———-

Yes, let’s do it!

In conjunction with an intensive Canadian investigation into the nefarious dealings of Donald J. Trump, since that would be equally productive.

#191 liberal crooks on 08.31.21 at 1:03 pm

#184 Bob on 08.31.21 at 11:38 am
___________________________________

what was done was NOT capital gains. it was the business of buying and selling houses/apartments.

improving them only added to the value. its’ still a business. not capital gains. he did it 41 times and half of those were within a 1 year period.

i’m sure the CRA will hold him accountable. there is no way this can be looked at as capital gains. and if he used the principal residence exception, then he’s total up sh!ts creek.

#192 Bob on 08.31.21 at 1:06 pm

@#187 Damifino
Those would be capital gains and would be properly declared as such.
——————————–

That is, unless the CRA decides to declare them business income, in which case, they become so.

I agree with you that upgrading and re-selling dilapidated housing is a valid and useful enterprise.

But if you do that continually over several years, then it’s hard to argue that you not are in business.

I believe those would be taxed as a capital gain, but I’m hardly a tax expert. Perhaps Garth could clarify. As to the business angle, we’re in full agreement. But it might be helpful to hear from Noormohamed himself:

While I have had business activities improving homes, I have been consistent in my support for measures to make housing more affordable and, as the MP for Vancouver Granville, it will remain a priority.

So he fully acknowledges that these were business activities, and presumably did so in his tax filings as well. Honestly, this whole thing strikes me as the usual scandal mongering from the MSM. They haven’t brought forth any allegations of actual, criminal wrong doing.

#193 Squire on 08.31.21 at 1:17 pm

Garth, the last two posts are awesome.
I smell a mutiny if JT wins a minority. So smug, arrogant and narcissistic to call an election. We are all so divided I can’t even believe it. That alone is a reason to rid ourselves of this manchild.

#194 James on 08.31.21 at 1:24 pm

#125 Big Bucksk on 08.30.21 at 8:09 pm

#37

That is the only hope Trudeau has now —that the Delta picks up steam and we have to shut down the economy again.Those relying on SMERB(smoking weed while laying on the couch)may drum up the fear they will run out of weed if O’toole gets in.Don’t think it’s going to happen though.O’toole is going to win this thing but whether he will be able to accomplish much will be interesting to watch.Trudeau may hang around like a bad smell(pungent weed) for a while but he’ll be on some island by next summer.
___________________________________________
If we were lucky it will be his favorite island Cuba or the private one run by Aga Khan and co.

#195 EB on 08.31.21 at 1:27 pm

This just in – elites release “study” showing that the elites know best!

#196 crowdedelevatorfartz on 08.31.21 at 1:58 pm

@#177 Meanwhile One Quintillian Miles away on another Planet….

“The contemptible lowlife is supported and kept in power by his constituents.”

+++

You do realize that your “Contemptible Lowlife” Liberal is running in Jody Wilson Rayboulds Riding?
You remeber JWR and the saga with SNC Lavalin where she was pressured by everyone in the PMO’s office BUT Trudeau to “back off” the corruption trial and give them a “pass” on the criminal conviction if they promised to be “good”?

She has decided after being booted by Trudeau… not to run in this election as an “Independent” since Trudeau tossed her for having ….morals.

@#183 One Quintillian multiple Personalities

“Disingenuous voters, supporting candidates who will look after their respective interests.
There are pimps, because there are Johns.”

++++

You do realize the riding has voted Liberal for ages and Jody Wilson Raybould was originally a Liberal…..

So what YOU are saying is ……
Liberal voters are “disingenuous” and they vote for “pimps”?

Thanks for clearing that up for we Neanderthal Conservatives.

#197 Faron on 08.31.21 at 2:06 pm

To the vaccine hesitant: It’s. Not. Just. About. You.

https://steady.substack.com/p/dear-american-healthcare-workers

Libertarianism ends when your choices make others’ lives harder. Do better! Get your shot!

#198 crowdedelevatorfartz on 08.31.21 at 2:07 pm

@#192 Bob

“So he fully acknowledges that these were business activities, and presumably did so in his tax filings as well. Honestly, this whole thing strikes me as the usual scandal mongering from the MSM. They haven’t brought forth any allegations of actual, criminal wrong doing.”

++++

Optics Bob, Optics.

A Liberal candidate that stands up and says “He supports affordable housing” …because thats what todays voters want to hear.

This candidate is the same one that has been flipping houses and condos for 16 years?
Legally or not.
Declared income or not.

HE, AND FLIPPERS LIKE HIM, ARE THE REASON HOUSES ARE SO UNAFFORDABLE!

The description “An opportunistic weasel” wouldn’t do him justice.
I hope the media eats him alive.

#199 Yuus bin Haad on 08.31.21 at 2:10 pm

pop quiz: GDP↓ + prices↑ = ???

#200 Bill B on 08.31.21 at 2:20 pm

#10shortymac. #133 Don

A recently released Israeli study showed that immunity following natural infection is superior to that provided by a vaccine, but also that the best protection of all comes from having recovered from infection AND then getting vaccinated.

https://www.medrxiv.org/content/10.1101/2021.08.24.21262415v1

(Unfortunately obtaining “natural” protection as opposed to being vaccinated has the drawback of … well, of being infected with Covid.)

#201 Phylis on 08.31.21 at 2:25 pm

#199 Yuus bin Haad on 08.31.21 at 2:10 pm
pop quiz: GDP↓ + prices↑ = ???
Xxxxx
Pop answer: stagflation.

#202 Sail Away on 08.31.21 at 2:33 pm

#197 Faron on 08.31.21 at 2:06 pm

To the vaccine hesitant: It’s. Not. Just. About. You.

https://steady.substack.com/p/dear-american-healthcare-workers

Libertarianism ends when your choices make others’ lives harder. Do better! Get your shot!

——–

I always find it exceptionally annoying when someone presumes to apologize on my, or anybody else’s, behalf.

Who are these jack-handles presuming to apologize ‘on behalf of our nation’?

They are not elected officials and speak for nobody but themselves.