The trap

Stanley thinks his nephew’s an idiot. “Actually,” he adds, “the guy and his wife are the classic couple you often describe in the blog.”

So this is a tale about pandemic real estate. A Covid classic. The virus changed the way many people think, as we all now realize. The bug locked down society, which led to WFH, crashing loan rates and urban flight. That begat aggressive nesting, a quest for personal space, then a real estate rush and escalating values amid buyer competition. After a while the health emergency was just wallpaper for a speculative frenzy as buyers panicked at the thought they’d be priced out forever. Then along came the Justin & Erin show to emphasize the “housing crisis” and assure everyone they’d never let real estate fail. Bingo.

Here’s Stan’s recounting of his relative’s experience…

“They’re in their thirties with two kinds, one two years old and the other one two months. They moved from Toronto to Mississauga in May because they wanted a bigger house and more property – and because of FOMO. The considered Oakville, but could not make a deal there, so ended up in Mississauga – paying $1.8 million. Big mortgage.

“Here’s the thing – they bought with no conditions. Of course. Like everyone. The house was renovated in 2015, not by the recent seller but the seller before him. The place was built in the early 1970s with a very compartmentalized layout, so the reno had opened up the entire main floor, giving an open concept kitchen.”

By the way, the realtor benchmark (Frankenumber) for Mississauga properties is now $1.11 million, which is up 20% year/year, and reflects the numbing impact of the pandemic. As anyone who lives in the western burbs knows, this is a car-centric place with dodgy public transit and the need to burn a litre of gas to get a litre of milk. But housing has been hot. The average detached home costs $1.365 million, compared with $1.674 in the city itself where services abound. Over the last year 416 real estate appreciated 11.2%. In Mississauga the gain was 25.6%.

The tale continues…

“For weeks now they have noticed many cracks in the ceilings. While my wife was visiting, my nephew’s wife showed her the damage. When she came home and told me, I immediately contacted n client of mine who is an architect. He visited the house and said there are issues with the renovations so, in turn, he brought in an engineer. That expert determined that the beams used when the bearing walls were removed are undersized. It’s important to note the renovations were completed without a permit. At this time the estimated cost to rectify the problem is approx. $40,000.

“This young couple purchased an expensive home, had to buy it without conditions for home inspections and are now having big repair bill. Why? Two reasons: the housing market, of course, and the absolute whore’s business that is residential real estate. Agents never want to take the time to do anything that could jeopardize a deal. Granted, my nephew agreed to table an unconditional offer and I am sure there are numerous situations of buyers ending up with unintended consequences of unconditional offers. But the 40k they will have to spend could have been used toward the kids’ RESP or their own TSFAs.”

A certain pathetic blog has moaned and vexed about the impact of the pathogen on housing for the last 18 months. And it just gets worse. Not only have buyers forgotten that pandemics always end, normalcy eventually returns and WFH will turn into a brutal commute for most, but FOMO made them do stupid things. Move to a higher-cost area, for example (suburbs suck money). Compete for real estate in a bidding war. Or spend $1.8 million with no safeguards and inadequate research.

There are rules to remember to help avoid this kind of heartbreak and financial setback (not to mention having to move out of your house while structural repairs are done).

First, don’t buy in a war. Chill. Conditions will change. Other properties will come to market.

Second, scout out listings that have languished on the market for a while. Maybe they have some hair on them. Perhaps they need renos. Maybe they were overpriced at first and have become stale. But don’t fall for the ‘hot new listing’ hype and the competition that ensues.

Bidding wars? Fuggeddaboutit. Walk away from properties where sellers and their agents are ‘holding offers’ until a certain hour on a certain day. Be especially wary when the listing price is less than area comparables since that suggests a blind auction is being engineered. Choose peace instead.

Never buy without some layer of protection. A home inspection is de rigueur for first-time buyers who have no experience with furnaces, electrical panels, basement moisture, drainage, asphalt roofs, insulation or sewer connections. If you are dumb enough to be in a multiple-offer situation, hire an inspector to visit before making your bid.

Get pre-approved for financing. Then be aware in a competitive market you risk paying more than the bank will finance if the sale price exceeds the appraised value. Then you know what a heart attack feels like.

Include the right to visit the property two or three times prior to closing. Use those sessions to ensure you made the right choice. There are always options for abrogating a deal (none of them cheap). Engage an experienced local realtor to help research homes and represent you when an offer’s made. Get sold comparisons plus the price history of the property. Look for red flags. Quick renos and flips. Buy title insurance when the deal closes. Hire a lawyer who specializes in real estate transactions, not an ambulance-chaser or the guy who did your mom’s will. And lock in the loan rate.

Or, eschew debt, save and invest your money. Be mobile, fluid and financially free. What a radical thought.

About the picture: “A am a regular reader of yours – thanks for sticking with it despite the commentary you must see,” writes Tom. “You’ve positively influenced many of our decisions over the years. This is Harvey, waiting for my daughter at the end of a school day.  He is a Labradoodle who loves long walks and lazing about.  Feel free to use.” (If you have a pooch to share, let me know – [email protected])

177 comments ↓

#1 miketheengineer on 09.24.21 at 1:12 pm

Garth et al:

This is interesting.

https://www.jccf.ca/justice-centre-gives-ontario-final-warning-over-vax-passports/

Let the fight over the charter of rights and freedoms begin!

#2 yvr_lurker on 09.24.21 at 1:18 pm

This couple would have likely scrutinized the quality of a pair of jeans at a department store with more rigor than they did in advance about the structural integrity of their 1.8M house. As Garth says, can’t ever skip this critical step.

#3 TurnerNation on 09.24.21 at 1:24 pm

– Rationing is here Comrade. This is global WW3 – expect wartime rationing.

https://www.independent.co.uk/business/bp-and-tesco-close-pumps-and-ration-fuel-as-deliveries-hit-by-driver-shortage-b1925594.html
“BP and Tesco close pumps and ration fuel as deliveries hit by driver shortage

— Hmm why were we trained on what is “Essential Goods”? Why oh why indeed.

https://www.telegraph.co.uk/business/2021/06/21/bank-england-tells-ministers-intervene-digital-currency-programming/
“Bank of England tells ministers to intervene on digital currency
Digital cash could be programmed to ensure it is only spent on essentials, or goods which an employer or Government deems to be sensible.”

https://www.msn.com/en-gb/money/other/poultry-pork-and-bakery-products-could-disappear-from-supermarkets-within-days-due-to-co2-shortage/ar-AAOF741?pfr=1
“Shoppers will notice poultry, pork and bakery items disappearing from shelves ‘in about 10 days’
Shoppers could start noticing food shortages within days due to the crisis in carbon dioxide (CO2) supply, a food industry chief has warned.”

.UK supermarket prices ‘to rise by 5%’ as supply chain costs increase (theguardian.com)

.Laos Orders Supermarkets, Retailers Shut During Lockdown (laotiantimes.com)
————-
—————–

— Hospital capacity: But the hospital capacity guys! So why’d they tear down the field hospitals in Vancouver, Toronto Hamilton – built at tens of millions of dollars expense?

.Canada’s low hospital capacity limits economic growth: CIBC (investmentexecutive.com)

.Foreign workers could replace NY’s unvaccinated hospital, nursing home staffers (nypost.com)

Nurses Are In Short Supply. Employers Worry Vaccine Mandate Could Make It Worse (npr.org)

.North Carolina Hospital Suspends Hundreds of Employees Over Vaccine Mandate (www.ntd.com)

https://twitter.com/erdocAA
ERdoc @erdocAA
“Every single hospital in Ontario is working short staffed. A nurse colleague told me that a recent survey of hospital nurses indicated that 40% of them would like to leave the profession or retire in the next few months. This is a catastrophe”

#4 Woke up this morning... on 09.24.21 at 1:32 pm

With all the bailing out that’s going on of pretty much any entity that wobbles under bad management getting bailed out, it makes one wonder…what did Lehman Brothers do that prevented them from getting bailed out? Seems almost personal.

Shouldn’t business not be personal? YEAH, RIGHT! Like China’s Evergrande bailout that will make outsiders take a hit, likely a big one.

How much corruption, bribery, dirty stuff have we seen?
I’m almost starting to feel like it is impossible to run a business honestly, right? Like to make money you have to lie, cheat, bribe, etc. It’s all exploitation.

See the latest one with FaceBook paying off FTC to the tune of $4.9B for Zuckerberg to have protection?

https://arstechnica.com/tech-policy/2021/09/facebook-paid-ftc-4-9b-more-than-required-to-shield-zuckerberg-lawsuit-alleges/

Of course that Sackler deal with opioids…my goodness!

#5 Tales from the Crypto on 09.24.21 at 1:35 pm

Honestly, can someone please tell me…

Why do western economies, CBs, etc. allow crypto currency? It undermines their power and control.

WHY? Why would they let this happen and continue to happen?

#6 Sara on 09.24.21 at 1:40 pm

@#1 MikeTheEngineer

Don’t get your hopes up. The “Justice Centre for Constitutional Freedoms” appears to be a far-right, nutty organization that is anti-gay, along with anti-vaccine passport.

“The organization describes itself as non-partisan, but it has partnered with several right-wing backers in the United States and pursues cases of a social conservative nature. They have been involved in cases including Allen v Alberta, Wilson v University of Calgary, Yaniv v. Various Waxing Salons, and the revocation of vanity licence plates. They have also intervened on behalf of Trinity Western University in their fight to retain anti-homosexual college rules, and the Alberta far-right news outlet Rebel News. In 2021, their founder Carpay took a leave of absence after hiring a private investigator to surveil Manitoba Chief Justice Glenn Joyal. John Carpay resigned after “hiring a private investigator to surveil a Manitoba judge presiding over a case the Centre had brought.” ”
https://en.wikipedia.org/wiki/Justice_Centre_for_Constitutional_Freedoms

#7 My Body My Choice on 09.24.21 at 1:41 pm

The Canadian real estate market has induced psychosis in millions of people who make unbelievably stupid decisions.

Here is an ad for a large, luxurious estate, villa, in the south of France that goes for around $1 million and change. Check out the eye-popping photos! Hundreds more like this can be found for even less, if you spend a few minutes on any of the French real estate sites.

https://www.french-property.com/sale-property/428-AF24505#

Psychosis definition:

“Psychosis is a condition that affects the way your brain processes information. It causes you to lose touch with reality.

#8 Cal on 09.24.21 at 1:42 pm

Good comments from Stanley on his nephews problem. It is good for people to call it the way it is.

#9 Millennial 1%er on 09.24.21 at 1:44 pm

Or inherit a house

#10 Polozified on 09.24.21 at 1:46 pm

Open concept on the cheap: just remove all the structural support!

What could possibly go wrong

#11 facts on 09.24.21 at 2:01 pm

DELETED (Anti-vax)

#12 Prince Polo on 09.24.21 at 2:01 pm

Nobody forced these two to buy without conditions; using some rudimentary math, a $1.5M mortgage @ 0% over 25 years (yes, I know that’s unrealistic, which is why I said rudimentary), is $5K monthly! What could possibly go wrong with this wobbly Jenga tower of real estate we keep building to the sky?

I’ll stick with being one of those “loser” renters who is not even fully paying his landlord’s mortgage and has a bunch of free time to come to a pathetic blog & brag about collecting sweet bank divvies………2 months until OSFI unleashes the kraken!

#13 My Body My Choice on 09.24.21 at 2:02 pm

#5 Tales From the Crypto

“Why do western economies, CBs, etc. allow crypto currency? It undermines their power and control.

WHY? Why would they let this happen and continue to happen?”
______________________________________________

Good question. I’ve been wondering about this for years.

I believe cryptos are the biggest ponzi scheme ever. The fact that most central banks around the world have allowed it to continue lead me to suspect some powerful big player or players are involved. Whoever they are, they have the ability to tell central banks to “stand down”. Maybe it’s a group of the central banks themselves doing it.

Who are other possible players? One of the agencies of the Deep State, maybe. Some trans-national cabal of the usual suspects?

Sure, some people have become fabulously wealthy trading crypto, as in all ponzi schemes.

#14 VladTor on 09.24.21 at 2:05 pm

From October 1, Portugal will refuse “covid passports” confirming that the client of a public institution is not sick with coronavirus. The order to limit the number of guests in restaurants will also end. The quotas for visitors and the need to prove that you are not sick with coronavirus will be in force from July 2021. Now, the Portuguese government has announced that it is canceling the order due to the government claiming that the country has a high vaccination rate. Almost 84% of Portuguese have gone through the full vaccination process and 86% have injected at least one dose. Fighting the coronavirus has cost the Portuguese a lot. It is estimated that almost 50% of foodservice companies have ceased operations due to the lockdown.

They have vaccination passport only 3 month. So how do you think – if Canada will have vaccination 86% – passport will be cancelled???

#15 alexinvestor on 09.24.21 at 2:09 pm

If you’re spending 1.8m on a house hoping to gain 10% a year, spending an extra 2% on fixing some problems almost seems irrelevant. Anyways, things in a bubble will keep going up and up until it bursts and takes everything down.

#16 A01 on 09.24.21 at 2:13 pm

Also if it’s been renovated especially if the structure has been changed make sure to see the permits. No permits, walk away. The building inspectors do a good job, you can have some confidence you are not walking into a disaster.

#17 My Body My Choice on 09.24.21 at 2:14 pm

#11 facts

“DELETED (Anti-vax)”

Garth attacks some facts that are anti-vax, so just relax.

#18 IHCTD9 on 09.24.21 at 2:22 pm

#7 My Body My Choice on 09.24.21 at 1:41 pm
The Canadian real estate market has induced psychosis in millions of people who make unbelievably stupid decisions.

Here is an ad for a large, luxurious estate, villa, in the south of France that goes for around $1 million and change. Check out the eye-popping photos! Hundreds more like this can be found for even less, if you spend a few minutes on any of the French real estate sites.

https://www.french-property.com/sale-property/428-AF24505#
___

So live in France – a country with tons of history and an actual culture. Buy a beautiful mansion for 900K. Day trip to Paris, vacation in Spain, Italy and Germany, fish Bluefin and Marlin in the Atlantic and Mediterranean.

Or pay double that for a dump and live in Toronto, whatever you call that thing.

Yeah, math is starting to scream at the top of her lungs. Hey I love Canada – but I sure could love other countries too – especially if they love me back.

#19 Peter Courtney on 09.24.21 at 2:24 pm

Uh huh, a home inspection would definitely saw undersized beams in the ceiling. BS!

Cracks. – Garth

#20 dave on 09.24.21 at 2:32 pm

Looks like China’s real estate will go thru a significant correction. Too many developers way over leveraged – crossing the 3 lines.

Any chance that Evergrande and other like them own significant properties in Canada and will dump them for cash reserves to repay debt?

#21 Felix on 09.24.21 at 2:34 pm

“The Trap”

Yes, having a dogawful canine as a pet is indeed a trap. It will lower your IQ and ruin your life.

But – Happy Feline Friday!

Did you know:

Cats have been around since the ancient Egyptians, but the Sphynx cat is a relatively young breed. The first Sphynx was born in 1955 in Toronto, Canada.

#22 Quintilian on 09.24.21 at 2:36 pm

“I am sure there are numerous situations of buyers ending up with unintended consequences of unconditional offers. But the 40k they will have to spend could have been used toward the kids’ RESP or their own TSFAs.””

No worries, the house has probably appreciated 40k just this week.

You see how the problem is much bigger than the forfeiting of the inspection?

So yes, we need to treat the cold sore, but not let it distract us from the cancer.

#23 Ponzius Pilatus on 09.24.21 at 2:36 pm

#142 Philco on 09.24.21 at 11:31 am
Like Sockey salmon expensive as hell because there’s not enough of them.
https://www.bnnbloomberg.ca/toronto-broker-laughs-at-liberals-plan-to-improve-housing-affordability-1.1655486
—————————
Or somebody is holding them.
And in case of Sockeyes, is freezing them.
Btw, I don’t pay attention to RE pushers, used car salesmen and nouveau rich plumbers.

#24 Ponzius Pilatus on 09.24.21 at 2:43 pm

#14
It’s nouveau “riche”.
Just for BB and CEF.
Their blood pressure is already dangerously high.

#25 Phylis on 09.24.21 at 2:44 pm

Isn’t recourse still possible due to an illegal modification? No conditions shouldn’t permit illegal actions. Big pain, but wouldn’t it be worth it to go after the agent and seller for not disclosing?

#26 Billy Buoy on 09.24.21 at 2:50 pm

Humour article of 2021:

https://www.marketwatch.com/story/the-pre-covid-economy-is-not-coming-back-a-top-fed-official-says-get-used-to-a-new-normal-11632497113?mod=mw_latestnews

Powell send out non voting member of FED to tell everyone don’t expect much in the way of rate hikes to have someone to blame instead of himself just in case they lose control.

Too funny.

#27 Trojan House on 09.24.21 at 2:52 pm

#6 Sara on 09.24.21 at 1:40 pm

You do realize that any nutjob can edit Wikipedia don’t you?

Other than that, take a flying leap off a tall cliff.

#28 Concerned Citizen on 09.24.21 at 2:55 pm

What choice to people have, Garth? People have to live somewhere, and if you’re starting a family a $500K 600ft shoebox in the sky in a bad part of town – if you’re *lucky* enough to find one – ain’t gonna cut it. Have you seen what’s happening with rents in a lot of these places? What is the alternative, except moving to Winnipeg or out of the country?

What could possibly convince you that things are going to change? The central banks care more about the wealth effect (AKA the wealth inequality effect AKA make the poor, poorer effect AKA disenfranchise an entire generation effect) more than their actual mandate of price stability. Watch as they keep real rates negative for a couple more decades, after having kept them negative/marginally positive for the last decade already pre-COVID.

We can whine and moan about politicians making this housing crisis worse – and heck knows they richly deserve it – but the real villains are the central bankers who refuse to do their jobs. The vast majority of the blame lies with them.

If we started rewarding work instead of wealth in this country, the asset bubbles would start deflating in earnest. But since the prime beneficiaries of the asset bubbles control the levers of power they won’t allow it, social stability/health be damned. It’s as simple – and tragic – as that.

Young people will learn to pay 20 times income for a slanty semi and like it – because it’ll be 30 times income before you know it.

#29 S.Bby on 09.24.21 at 2:58 pm

I have reported people in my area making unpermitted modifications to their houses like putting in illegal suites or other renos and the city building department does not bother to investigate any of it.

#30 Tales From the Crypto on 09.24.21 at 3:01 pm

#13 My Body My Choice on 09.24.21 at 2:02 pm

“Why do western economies, CBs, etc. allow crypto currency? It undermines their power and control.

WHY? Why would they let this happen and continue to happen?”
______________________________________________

Good question. I’ve been wondering about this for years.

I believe cryptos are the biggest ponzi scheme ever. The fact that most central banks around the world have allowed it to continue lead me to suspect some powerful big player or players are involved. Whoever they are, they have the ability to tell central banks to “stand down”. Maybe it’s a group of the central banks themselves doing it.

Who are other possible players? One of the agencies of the Deep State, maybe. Some trans-national cabal of the usual suspects?

Sure, some people have become fabulously wealthy trading crypto, as in all ponzi schemes.
______________________________________________

Well, if you wanted to end cash and/or undermine currencies in the first place, you would let crypto happen, right? Maybe as you say, you would even control it. Like when CIA set up the company in Europe to buy titanium from Russians to build the SR-71.

This would in turn appear to force your hand to develop your own crypto and transition your currency from cash/bills.

For a while there I used to wonder, why do this? We’re already basically there.

However, the new one could have new mechanisms in it, like expiry date for example. That’s right! Spend it or lose it. Can’t do that if there is anything tangible attached to the current system. Some means of not letting you keep it permanently. Some means to force you to use it.

#31 Quintilian on 09.24.21 at 3:02 pm

#5 Tales from the Crypto on 09.24.21 at 1:35 pm
Honestly, can someone please tell me…

Why do western economies, CBs, etc. allow crypto currency? It undermines their power and control.

WHY? Why would they let this happen and continue to happen?

Because Central Banks cannot make laws.

However; Crypto currency is a fraud.

The problem is that a truly open discussion on Crypto VS Government backed currency would reveal that Gov money is an illusion, but because we all agree on the premise that it is real; it works, and it has for the most
part worked to keep modern economies functioning.

Just like when we watch the Matrix.

BTW you might want to read up on El Salvador and the adoption of crypto ( just criminal).

#32 Ustabe on 09.24.21 at 3:02 pm

…aren’t you the guy who can’t tell the difference between Mandarin and Cantonese even though you have a Chinese boyfriend or whatever?

Second poster who has been accused of having a same sex partner. Wonder why the CPC can’t get itself elected when that is the extent of discussion that goes on unremarked by the rest of you.?

I wonder if the poster posting the slurs has unresolved issues…wide stance maybe?

#33 Squire on 09.24.21 at 3:03 pm

It’s too late now. We’ve gone down the socialist rabbit hole and I believe there’s no going back and the MSM is complicit.

#34 Nonplused on 09.24.21 at 3:06 pm

Something I learned from motorcycles, but I believe it applies to houses and cars too; Never buy something that has been modified.

In the case of motorcycles, the only way you are ever going to get it to run right is to undo all the modifications, assuming they didn’t wreck something major along the way.

In the case of cars chances are if there are all kinds of aftermarket parts including exhaust the thing has been bagged.

In the case of houses, if any of the lumber is moved it has to be reconstructed to code. Most amateur homeowners don’t know anything about the code and will put up whatever fits. Concepts such as load strength and maximum deflection are not in their design handbook. Sure, the beam they chose to replace a load bearing wall may be strong enough technically that it will never collapse, but if it is flexing too much every time it snows you’ll never get the drywall to stick without cracking.

The building code is such as it is for a reason. The dimensions required are engineered. Deviations from code may not result in structural failure, but you can have lots of other problems including sagging roofs, cracking drywall, doors and windows that don’t open/close, improper seals, bouncy floors, etc. None of them can be permanently fixed if the structure isn’t up to snuff.

If there is a will, there is a way. But the right way to remove a load bearing wall might require a beam and columns that are much larger than you would expect just looking at it. Sometimes you even need steel.

So just stay away from any renovations that weren’t permitted. And if the guy built his own deck maybe stay off that too.

#35 Dolce Vita on 09.24.21 at 3:23 pm

#18 IHCTD9

Nice Chateau.

But for a few more bucks you can get a 1700’s Villa in Viterbo for € 2,500,000, 1,800 m², 16,000 m² park surrounded by vineyards, your own fountain, pool, 10 bedrooms, etc.:

https://i.imgur.com/Hn9eSHm.jpg
https://www.immobiliare.it/annunci/86827590/

or for those on a budget desiring something more lived in, there is this Venetian Palazzo from the 900’s (a wealthy Venetian “cottage”) in Caneva with its own Campanile di San Marco, west of where I live for € 1,450,000, 1,000 m², only 8 bedrooms, needs some yard work…but you are at the foot of the Alps:

https://i.imgur.com/1VaLej8.png
https://www.immobiliare.it/annunci/69139730/

——————

“…people who make unbelievably stupid decisions.”

– #7 My Body My Choice

No truer words.

#36 Cowtown Cowboy on 09.24.21 at 3:26 pm

He forgot the 3rd reason… seeing as they’re from the Greater Trudeau Area, home to the dumbest people on the planet, this should surprise no one.

#37 Joseph R. on 09.24.21 at 3:26 pm

#6 Sara on 09.24.21 at 1:40 pm
@#1 MikeTheEngineer

Don’t get your hopes up. The “Justice Centre for Constitutional Freedoms” appears to be a far-right, nutty organization that is anti-gay, along with anti-vaccine passport.

“The organization describes itself as non-partisan, but it has partnered with several right-wing backers in the United States and pursues cases of a social conservative nature. They have been involved in cases including Allen v Alberta, Wilson v University of Calgary, Yaniv v. Various Waxing Salons, and the revocation of vanity licence plates. They have also intervened on behalf of Trinity Western University in their fight to retain anti-homosexual college rules, and the Alberta far-right news outlet Rebel News. In 2021, their founder Carpay took a leave of absence after hiring a private investigator to surveil Manitoba Chief Justice Glenn Joyal. John Carpay resigned after “hiring a private investigator to surveil a Manitoba judge presiding over a case the Centre had brought.” ”
https://en.wikipedia.org/wiki/Justice_Centre_for_Constitutional_Freedoms

———————————————————————

Justice Centre for Constitutional Freedom are Trotskyists; the provided links proves as such:

“There has been no provision for exemptions based on religion and creed, both protected grounds under the Charter and Human Rights Act.”

Discriminated against for not choosing not to be vaccinated is a measure based on BEHAVIOUR, not religion not creed. Yes, you can discriminate on behaviour: Can’t smoke inside restaurants, can’t drink and drive, you can be kicked out an establishment for acting obnoxiously, etc…

“Individuals who have not been vaccinated for a variety of reasons, including religious belief, creed, and medical issues or concerns over serious side effects, will effectively be segregated and marginalized.”

As they should. Again because they CHOOSE to marginalize themselves based on their own BEHAVIOUR.

Also, the JCCF is lying to its members. The Ontario law provides exemption of people allergic to a vaccine ingredient and people who suffered myocarditis or pericarditis after the first dose of a vaccine.

Source:

https://toronto.ctvnews.ca/mobile/ontario-confirms-there-are-only-two-valid-medical-exemptions-from-covid-19-vaccines-1.5572833

#38 Sara on 09.24.21 at 3:29 pm

We need more educators like this one:

“The younger generations need to hear from us that they are not alone, that we’ll work for them to mitigate emissions as quickly as possible. They need us to demonstrate that we will give up some of our own security and privilege in a system that is not adapting to the demands of the scientific consensus on the climate emergency, in order to change that system.

To address this need, I proposed a job-restructuring as a climate literacy specialist that admittedly was not one that fit readily into the current hiring/employment structure (or the collective agreement) at the college. That was rather the point. It was conceived in the context of repeated calls — from thousands of scientists — for immediate transformative, systemic change.

This kind of change must happen in all aspects of society, including educational institutions. Clearly this can only come to pass under leadership prepared to be bold and brave in response — to think and act outside of the norms that have led to tenured, comfortable jobs and a state of the world in which this past year of pandemic, fire, floods and heat waves will be the best scenario we can hope for from now on.

My resignation is my act of conscientious objection to educational business-as-usual with a “green” twist, couched in the assumption of a forever-growing economy on a physically finite planet. The science clearly shows us that the future our students are headed for will be radically different from one that can be met by the incremental changes and technological solutions we are currently engaged in.

As education stands now, we are not preparing our students to be successful in their futures, and by not admitting to that, we are failing them.

As a scientist and educator, I must speak the scientific truth no matter the personal, social or economic consequences. I will now endeavour to educate decision-makers, politicians, voters and in general those who have the economic and political agency to contribute to the transformative systemic changes that need to be made.

There is still time to lock in a future climate similar to what the world experienced this past year. The longer we delay, the more unrecognizable our children’s and grandchildren’s futures become. The climate of our youth may be gone, and that is reason to grieve — but not to give up.”

https://www.cbc.ca/news/canada/montreal/first-person-climate-change-education-support-young-people-1.6186611

#39 Tales From the Crypto on 09.24.21 at 3:31 pm

#28 Quintilian

Because Central Banks cannot make laws.

However; Crypto currency is a fraud.

The problem is that a truly open discussion on Crypto VS Government backed currency would reveal that Gov money is an illusion, but because we all agree on the premise that it is real; it works, and it has for the most
part worked to keep modern economies functioning.

—————–

OK, let’s evaluate this scenario.

You scratch my back, I scratch yours is clearly in place between Central Banks and Politicians.

Since Central Banks scratch Politician’s back, why wouldn’t Politicians scratch the Central Bank’s back and deliver the laws to shut crypto down?

Also, Government backed currency is backed by power to tax, so it’s not nearly as empty as Crypto. I agree that Crypto can be described as a fraud, but that’s yet another reason to shut it down.

And so…WHY? Why would they let this happen and continue to happen?

#40 Bob in Hamilton on 09.24.21 at 3:32 pm

IHCTD9 on 09.24.21 at 2:22 pm

Wow…unbelievable what is available in France compared to Canadian offerings in the GTHA….

Thanks for the link!

#41 Dirty Dan on 09.24.21 at 3:33 pm

It’s a matter of scale: $40,000 / $1.8M is 2%.

Either 1.8M is reasonable and 40k is nothing to them.

Or 40k is a lot and they’re in over their head at 1.8M.

I’m going with the latter.

Plus they have to move out for structural repairs. With a two-month-old. Fun. – Garth

#42 IHCTD9 on 09.24.21 at 3:36 pm

We had an inspection done when we bought, we picked the inspector’s card right off our Real Estate agent’s desk… Guess what? No problems with the house lol!

Oh, but I found plenty, later. No biggie though, it turned out to be worth every penny we paid for it. The idea was cheap house, fixer upper, well within means, put money towards more important things. It has served its purpose well as we come onto the home stretch. Mortgage free and funding some big tuition bills without eating dandelions and bark for sustenance.

Just as we realized everything was going according to plan, Trudeau came along and turned the place into an epic cash cow.

#43 millmech on 09.24.21 at 3:39 pm

#22
You are right and if they were smart they would engineer another bidding war to with no conditions to get them out of that situation.
Another note also is that one should tour the neighbor hood on the weekend and weekend evenings, interview the neighbors, look for signs of drug houses and homeless/addicts camping or moving in the area. I was looking at a house and went to view the area on a Saturday night. Every Saturday night this one house would have rocking house parties until 3am or the cops shut him down, neighbors sweeping broken glass on Sunday mornings. Lost interest right away, another house had a neighbor start his bike everyday at 5am and rev it up for 10 minutes to warm it up.
Spend a lot of time in the area you want to buy because you maybe spending the rest of your life there.

#44 Do we have all the facts on 09.24.21 at 3:40 pm

What is the penalty attached to making major modifications to a home without a building permit in Mississauga.

What if the ceiling collapsed and someone was killed or seriously injured. Would the current owner be charged with negligence or would the the person who committed the illegal act become libel?

Does the failure to have a home inspected before a purchase absolve the guilty party of future blame when the substandard work is discovered?

Just curious!

#45 Sara on 09.24.21 at 3:43 pm

#27 Trojan House on 09.24.21 at 2:52 pm
#6 Sara on 09.24.21 at 1:40 pm

“You do realize that any nutjob can edit Wikipedia don’t you? ”

LOL! I knew someone nutty from the steerage section(and they don’t get much nuttier than you) would say that.

I didn’t have time to check out the citations embedded within the text of that Wikipedia entry to see if it was accurate. Sounded legit though.

On the off chance that the “Justice Centre for Constitutional Freedoms” is actually a reputable organization (the president didn’t resign for hiring a PI to follow a judge on a case it was pursuing, they’re cool with gays, etc), why don’t you check it out and get back to us?

“Other than that, take a flying leap off a tall cliff.”

Right back at you.

#46 millmech on 09.24.21 at 3:43 pm

Hit send too quick
Talk to the city bylaw department, community policing to get an idea of who you maybe sharing your area with.

#47 XGRO and chill on 09.24.21 at 3:44 pm

Efficient market hypothesis: based on informed consumers making rational choices.

GTA housing market: uninformed consumers making irrational choices.

#48 Niagara Region on 09.24.21 at 3:50 pm

HOW CAN I LEARN MORE ABOUT ETFs?
Garth recommends ETFs over mutual funds, and I believe him. How do I learn how to select good ETFs? (E.g., Are there specific books I should read?) Thank you for any advice.

#49 Linda on 09.24.21 at 3:50 pm

Excellent advice regarding making a RE purchase in today’s blog, but hasn’t the story been that most are ignoring the basics when buying?

A place was up for sale in our neighborhood. The price was low – only $280K – but the listing stated ‘as is, where is’ & specified that the house had mold & that until an offer was accepted no access to the RE in question. Well, it sold. I’m sure the neighbors threw a party when the new owner proceeded to strip the place to the studs. Turns out the mold issue was due to a pipe bursting in the basement – the place was left unheated during the winter, hence the burst pipe. 11 large bins of assorted stuff as well as all the debris from stripping out drywall, carpet etc. have been taken away to date. The new owner plans to live in the place once it is remediated. Looking forward to seeing the transformation from house of horrors to place of residence!

#50 crowdedelevatorfartz on 09.24.21 at 3:51 pm

@#38 Sara

“We need more educators like this one”

+++

One’s that quit?

#51 Sara on 09.24.21 at 3:52 pm

@TrojanHorse,

More dirt on the group you seem to want to defend:

Who is John Carpay and what does the Justice Centre for Constitutional Freedoms do?

The Justice Centre for Constitutional Freedoms was founded in 2010 and describes itself as a “voice for freedom in Canada’s courtrooms.”

It has represented people challenging COVID-19-related tickets and took part in a legal challenge against gay-straight alliances in Alberta schools.

More recently, the Justice Centre said it will be representing Maxime Bernier in court over his arrest in Manitoba for breaking public health orders….

The Justice Centre released a statement Thursday evening, responding to recent criticisms and the Manitoba justice minister’s call for lawyers connected to the organization to be investigated by the provincial law society.”

https://winnipeg.ctvnews.ca/a-closer-look-at-the-justice-centre-for-constitutional-freedoms-and-where-it-gets-its-support-1.5511235

#52 Trojan House on 09.24.21 at 3:55 pm

DELETED

#53 Stone on 09.24.21 at 3:57 pm

$1.8 million. Cracks. Shoddy undocumented renos.

Why not just do this instead?

https://www.youtube.com/watch?v=jykPwcBtML8

#54 Dolce Vita on 09.24.21 at 4:07 pm

Stan’s nephew could live like a King for the rest of his life and not in debt.

Let’s say Nephew decides he wants $5,000/mo coming from the Mr. Market.

He buy QYLD an ETF that gives monthly dividends. Sept 2021 dividend/share (steady dividends for the past 7 years), $ CDN:

$0.2426

How many shares and at what cost to get $5,000/month of dividends?

= $5,000/$0.2426
= 20,610 shares

QYLD share price = CDN $29.01

Total cost = 20,610 shares x $29.01

$597,792 invested

——-

If they love risk, the buy USOI (Caveat Emptor), monthly dividend/share = $0.1239, $6.80 share price, same calc for $5,000/month of dividends:

= $5,000/$0.1239
= 40,371 shares x $6.80

$274,459 invested

If they wanted $6,000/mo in dividends, investment required:

QYLD = $717,350
USOI = $329,351

—————–

Dividend cash flow over and above their take home pay. I’d say they can rent a very nice place with the above dividends per month and not have to touch their take home pay.

No lifetime debt servitude either.

#55 WTF on 09.24.21 at 4:08 pm

Cowtown,

“He forgot the 3rd reason… seeing as they’re from the Greater Trudeau Area, home to the dumbest people on the planet, this should surprise no one.”
——————————————————————-
Uhhh no. That would be the province of Alberta. Special kind of dumbass. Con Govts Pissed away ALL your $ repeatedly. Now on top? a full blown epidemiological catastrophe.

That’s a special kind of dumb.

Well done.

#56 Eco Capitalist on 09.24.21 at 4:12 pm

So there’s a referendum happening in Berlin soon about expropriating rental units. Not legally binding, but as they mention at the end, politicians can’t ignore the outcome and this might set a precedent for other cities.

https://www.bloomberg.com/news/features/2021-09-23/berlin-referendum-targets-city-s-corporate-landlords

#57 Yorkville renter on 09.24.21 at 4:13 pm

as a reasonably successful mid-40s business owner that rents, and is trying to buy with 20-25% down, I find it incredible that people a decade younger are getting mortgages for $1.8mm houses.

even with 20% down that’s 1.5mm in mortgage… WTF!?!?!

#58 IHCTD9 on 09.24.21 at 4:14 pm

#40 Bob in Hamilton on 09.24.21 at 3:32 pm
IHCTD9 on 09.24.21 at 2:22 pm

Wow…unbelievable what is available in France compared to Canadian offerings in the GTHA….

Thanks for the link!
—-

Poster “My body, my choice” supplied that link, and I am just as amazed as you. I gotta wonder how many GenX/Z are going to retire here when you can live in an Italian villa built over 1000 years ago (thanks for that link Dolce) for the price of a Mississauga bung.

#59 Trojan House on 09.24.21 at 4:15 pm

#51 Sara on 09.24.21 at 3:52 pm

Yes, I know all that already and Carpay stepped down during the investigation. He has since been reinstated I believe.

You can’t forgive him for one indiscretion, however, you are willing to forgive Trudeau over many more worse indiscretions? Indiscretions that have in some instances cost Canadians millions of dollars? Firing cabinet ministers for not following orders to not pursue a criminal investigation into SNC Lavalin for example?

Okay, yeah, the JCCF is the problem.

#60 kommykim on 09.24.21 at 4:18 pm

RE: #48 Niagara Region on 09.24.21 at 3:50 pm
HOW CAN I LEARN MORE ABOUT ETFs?
Garth recommends ETFs over mutual funds, and I believe him. How do I learn how to select good ETFs? (E.g., Are there specific books I should read?) Thank you for any advice.

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

Head on over to the potato guy’s site for some basic info:

https://canadiancouchpotato.com/

#61 Calgary rip off on 09.24.21 at 4:19 pm

Hi Garth.

Everyone knows that house inspectors dont catch everything. Why is that paint running on the upper wall in the bathroom on the main? First rain in the house. Drip drip drip. The flashing on the room was installed upside down.
Why on a severe rainstorm is the upper window leaking by the front door? Likely the Tyvek was not done correctly on the window.
Why is the house so cold in the winter? The inspector also didnt notice the insulation was done incorrectly.

There are ethics in home building. Not every contractor has it. And either due to human error or oversight, house inspectors dont have a standardized algorithm to evaluate properties. Safety and a life threatening emergency(like Covid) is not at issue. This equates with bs like mortgage owners deciding to do a half assed renovation without permits and not knowing what they are doing.

Then there are other numerous issues: How is the foundation? Is it cracked behind the drywall in the finished basement? Is the hot water tank and furnace about to go?

Then the location: Idiot neighbours? Stupid bylaws?

The list goes on and on.

It could be argued to rent. Alberta has no rental increase prohibition laws. Some landlords decide to jack the rent. And most rentals are more per month than the mortgage if there is any left, on the property.

Anyone can see that many people in Alberta arent the highest hanging bulbs on the Christmas tree as evidenced by the latest Covid party in Edson and high numbers of unvaccinated in the ICU. According to AHS CEO they are keeping pace because people keep dying in ICUs across Alberta.

When someone buys or rents a property they need to consider if the people involved actually know how to put on their underwear correctly and are cognizant of what they are doing. Many arent and are one step above animals.

#62 Squire on 09.24.21 at 4:21 pm

#41 Dirty Dan on 09.24.21 at 3:33 pm
It’s a matter of scale: $40,000 / $1.8M is 2%.

Either 1.8M is reasonable and 40k is nothing to them.

Or 40k is a lot and they’re in over their head at 1.8M.

I’m going with the latter.

Plus they have to move out for structural repairs. With a two-month-old. Fun. – Garth
———————————-

I’m pretty sure they could have found something for $1.2m. A young couple with a 2 month old doesn’t need a $1.8m home with problems. This is a horrible start for them and the end result is likely marital problems.

#63 Sara on 09.24.21 at 4:22 pm

#50 crowdedelevatorfartz on 09.24.21 at 3:51 pm
@#38 Sara

“We need more educators like this one”

+++

One’s that quit?

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

Ones (not one’s) that put their money where there mouth is.

#64 TurnerNation on 09.24.21 at 4:23 pm

Hospital capacity: But the hospital capacity guys! So why’d they tear down the field hospitals in Vancouver, Toronto Hamilton – built at tens of millions of dollars expense?

.Canada’s low hospital capacity limits economic growth: CIBC (investmentexecutive.com)

.Over 130 Kingston Hospital staff on unpaid leave after refusing to provide proof of COVID-19 vaccine (kingstonist.com)

https://www.fortmcmurraytoday.com/news/yao-blames-staffing-shortages-on-overwhelmed-health-care-system-rmwb-reports-232-active-covid-19-cases
.Yao blames staffing shortages on overwhelmed health care system; RMWB reports 232 active COVID-19 cases

.Foreign workers could replace NY’s unvaccinated hospital, nursing home staffers (nypost.com)

.USA: Nurses Are In Short Supply. Employers Worry Vaccine Mandate Could Make It Worse (npr.org)

.North Carolina Hospital Suspends Hundreds of Employees Over Vaccine Mandate (www.ntd.com)

https://twitter.com/erdocAA
ERdoc @erdocAA
“Every single hospital in Ontario is working short staffed. A nurse colleague told me that a recent survey of hospital nurses indicated that 40% of them would like to leave the profession or retire in the next few months. This is a catastrophe”


— Life in Kanada. Science in action! I’m trying to find my posts here from Q2 2020 – whereby I stated that forever after, our lives would be ruled be the numbers on the telescreens.

[email protected] Ontario set to increase capacity limit at Rogers Centre to 30,000, increase fan limit at Scotiabank Arena to nearly 10,000: sources

…………….
…………….
Almost back to normal guys!! Nu-uh. Not till 2025 – this is set to run.

Singapore, with one of the world’s highest vaccination rates (82% fully vaccinated), further tightens restrictions (straitstimes.com)

.U.S. doubling fines for travelers not wearing masks (yahoo.com)

#65 News Comedy on 09.24.21 at 4:24 pm

#17 My Body My Choice

#11 facts

“DELETED (Anti-vax)”

Garth attacks some facts that are anti-vax, so just relax.

———–

Whatever guys.

I was watching this bit on news about vaccine passport yesterday, they reported and lack of compliance results in business being fined up to $10,000,000.

At which point I laughed so hard I accidentally slapped the remote, turned off the TV and fell asleep laughing.

Even though if you think about it this is not at all funny, it is terrifying in fact. But I stopped thinking, so it was funny.

Then I had a dream I was getting vaccinated, but there was also very thinly sliced delicious capocollo on fresh baguette in this same dream.

It’s mid afternoon, and I still don’t know how and why those two were in the same dream.

#66 bob on 09.24.21 at 4:26 pm

40K/1.8m == 2.2%
Markets have gone up more than 2.2% since they bought.
If they could roll back time, they’d do it all over again, right?

The missing point is that if you can set aside an additional 5% of your purchase price for furniture, decorations, minor renos, even major renos, you’re over-extended.

But their over extended let them, e.g. gain 20% in the value of their home.

#67 Ponzius Pilatus on 09.24.21 at 4:30 pm

Reminds me of Big Brother and the Holding Company.
My usually reliable resource in HongKong, has informed me (in impeccable Mandarin) that HongKong is facing a severe rental housing crises.
(actually, a housing crisis, overall).
Institutionional landlords are withholding inventory and are not repairing existing stock.
All in expectations of creating a shortage and driving rents  into the nosebleed level.
Many renters are living in deplorable situations (like Downtown Eastside), and homelessness is increasing.
Enter the XI (She).
He’s put the developers/landlords on notice:
Fix the mess, or feel the wrath of the Chinese Empire.
The renters in Berlin are also fed up with high rents.
They are asking for a referendum for expropriating 240,000 rental properties in the September 26 National Election.
No such worries in Vindobona, Capital of Felix Austria.
The City owns about 200k rental units.
I lived in one as a student in the 70s, 10 foot ceilings, solid wood  entry doors, parquet floors, solid cement, concrete walls.
Great for parties, neighbors slept like babies.

#68 Idiot on 09.24.21 at 4:32 pm

Some people are stuck in the 19th century. They think they have to get a job, buy a house, have kids – all 20th century ideals. House and kids both are liabilities. They will both bleed you and ensure you will never retire. The world has changed in the 21st century. People who refuse to change will be left behind. In the future, most jobs will be wiped out by automation. If you rent and never have kids, you can still retire early and live a stress free life. No worries about paying college tuition which are already over $100K and will probably be $500k in 20 years. No worries about divorce or about losing half your net worth.

#69 Not Fooled on 09.24.21 at 4:33 pm

#51 Sara on 09.24.21 at 3:52 pm
@TrojanHorse,

More dirt on the group you seem to want to defend:

Who is John Carpay and what does the Justice Centre for Constitutional Freedoms do?

The Justice Centre for Constitutional Freedoms was founded in 2010 and describes itself as a “voice for freedom in Canada’s courtrooms.”

It has represented people challenging COVID-19-related tickets and took part in a legal challenge against gay-straight alliances in Alberta schools.

More recently, the Justice Centre said it will be representing Maxime Bernier in court over his arrest in Manitoba for breaking public health orders….

The Justice Centre released a statement Thursday evening, responding to recent criticisms and the Manitoba justice minister’s call for lawyers connected to the organization to be investigated by the provincial law society.”

https://winnipeg.ctvnews.ca/a-closer-look-at-the-justice-centre-for-constitutional-freedoms-and-where-it-gets-its-support-1.5511235

**********

Wait until Sara finds out that lawyers also defend pedophiles, war criminals, animal abusers and sundry other human garbage.

#70 @Sara the SJW on 09.24.21 at 4:34 pm

Nazi and fascists like “Sara” posing as progressive democrats on this sorry blog.

People like u represent a neurotic and mentally ill minority that has NO MORALS AND NO COMMON SENSE.

YOUR PLACE IS IN STALINIST RUSSIA

GO TO A GULAG WHERE THEY WOULD MAKE YOU KAPO

#71 IHCTD9 on 09.24.21 at 4:34 pm

#41 Dirty Dan on 09.24.21 at 3:33 pm
It’s a matter of scale: $40,000 / $1.8M is 2%.

Either 1.8M is reasonable and 40k is nothing to them.

Or 40k is a lot and they’re in over their head at 1.8M.

I’m going with the latter.
——

Plus you’d think 1,800,000.00 would get you a house that was good. My place is 151 years old, probably built by farmers, and doesn’t have cracks in the ceiling. Well, not too many…

#72 willworkforpickles on 09.24.21 at 4:39 pm

Out of yesterdays blog “It’s a trope now in the comments sections that ‘rates can never rise.”
In saying that… is it the same as saying drug addicts cannot kick the devastating hold those drugs have over junkies of all stripes. The answer lies in the pain associated with the withdrawal process on the hard road back.
Raising rates would be painful now (recessionary all around) but would eventually restore the health of the economy as withdrawal could eventually restore the health of a junkie after going cold turkey. It isn’t impossible, only painful.
As a junkies health deteriorates over time so does the economic health of a nation too frightened to fix it all the way until it buries itself….its when the real rate increases arrive.
Forget Fed-speak…all lies just lies and cover-up.
and then…the real rate increase/s…s…s…s…s

#73 Bob in Hamilton on 09.24.21 at 4:47 pm

This is the madness in suburbia Hamilton, ON.

https://www.realtor.ca/real-estate/23355115/488-rymal-road-e-hamilton

Can you imagine the final cost when a new home is put here? In Hamilton….

#74 the Jaguar on 09.24.21 at 5:04 pm

“Gonna meet some buddies at Spinnakers if you’re free later.” ++ Billy Bob

Wish I could be at Spinnakers later… I googled it and it looks like a nice place with a view. Wonder if they know how to make a Presidente..

#75 Shirl Clarts on 09.24.21 at 5:07 pm

I hate the term “open concept”. If the floor plan is already opened up, it’s no longer a concept.

#76 ogdoad on 09.24.21 at 5:24 pm

Hey, I have another one: how about buy in a neighborhood where you think you may be happy…especially when you’re spending 1.8…what, telling people the hood you live in and what you spent will prob. have a ‘your special’ effect now for….hmmm…couple of weeks? But telling people of all the other cool people you meet during the course of a day…now, that’s where the REAL jealousy amongst peers comes out to shine.

Why? B/c lots of people feel stressed, lonely and unloved – just ask an American millennial…hey, I love all of you (except the hubris and sycophant – does that narrow it down?). Og special starts today, hugs all around!

As for the losers spending 1.8 on a shant? I hope you enjoy your purchase as much as I know won’t.

Og

#77 Bob in Hamilton on 09.24.21 at 5:25 pm

#58 IHCTD9 on 09.24.21 at 4:14 pm

Kudos to the poster you mention. I like France and can actually speak the language….but am up there in Boomer years. Italy also sounds intriguing but I would wonder how one could pick up the Italian…my schoolboy Latin has been forgotten over time…
Dolce could provide some insight on the language side, I bet.

#78 IHCTD9 on 09.24.21 at 5:29 pm

#73 Bob in Hamilton on 09.24.21 at 4:47 pm
This is the madness in suburbia Hamilton, ON.

https://www.realtor.ca/real-estate/23355115/488-rymal-road-e-hamilton

Can you imagine the final cost when a new home is put here? In Hamilton….
—- –

“Incredible investment opportunity!”

Right, say no more. Hamilton must be located in Canada.

#79 ogdoad on 09.24.21 at 5:32 pm

@the Jaguar

Just happened upon your comment.
Used to ferry across the inner harbor after some fish and chips at the wharf for a couple brews…good times!

Enjoy

Og

#80 Ponzius Pilatus on 09.24.21 at 5:35 pm

The nice thing about Canadian elections is that when it’s over, most people go on with their normal lives.
But not in the US, where Trumpy just lost another challenge to the validity of the election.
And the majority of Retrumplicans believe the election was rigged.
Nobody wins, but the lawyers.
What else is new.

#81 Sara on 09.24.21 at 5:37 pm

#63 Sara on 09.24.21 at 4:22 pm

hahaha…note to self not to correct CEF’s mistakes whilst making my own.

“their” not “there”

#82 Sara on 09.24.21 at 5:41 pm

#70 @Sara the SJW on 09.24.21 at 4:34 pm
Nazi and fascists like “Sara” posing as progressive democrats on this sorry blog.

People like u represent a neurotic and mentally ill minority that has NO MORALS AND NO COMMON SENSE.

YOUR PLACE IS IN STALINIST RUSSIA

GO TO A GULAG WHERE THEY WOULD MAKE YOU KAPO
===========

Regardless whether or not I am a Nazi or Fascist in disguise, I must admit I get a bit of a charge when my comments inspire the deplorables to speak their f’d up minds.

#83 Ponzius Pilatus on 09.24.21 at 5:44 pm

#74 the Jaguar on 09.24.21 at 5:04 pm
“Gonna meet some buddies at Spinnakers if you’re free later.” ++ Billy Bob

Wish I could be at Spinnakers later… I googled it and it looks like a nice place with a view. Wonder if they know how to make a Presidente..
————–
Bobby Boy is coming home to roost.
Tired of the hot humid autums in the cheque Republic?
1st day of Autumn in the the Lower Mainland.
20 degrees, people in shorts and T-shirts.
Clear sky as far the eyes can see.
Why would anyone wanna leave.
And the HongKong immigrants are piling in, can’t believe their luck.

#84 Yukon Elvis on 09.24.21 at 5:46 pm

ZURICH, Sept 24 (Reuters) – A potential lurch to the left in Germany’s election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say.
Bank for International Settlements data show deposits of German households and companies at banks in Switzerland climbed almost $5 billion to $37.5 billion in the first quarter of 2021, and this does not include shares, bonds or financial products.

https://www.reuters.com/world/europe/german-millionaires-rush-assets-switzerland-ahead-election-2021-09-24/

#85 Baffled on 09.24.21 at 5:46 pm

Wasn’t that long ago that 1.8 million would have bought a subdivision in parts of Mississauga

#86 crowdedelevatorfartz on 09.24.21 at 5:47 pm

@# SJW Sara

Ones (not one’s) that put their money where (sic)there (their ?) mouth is.

Damn Spellcheck.

#87 Sara on 09.24.21 at 5:49 pm

#69 Not Fooled on 09.24.21 at 4:33 pm

Wait until Sara finds out that lawyers also defend pedophiles, war criminals, animal abusers and sundry other human garbage.

—————–
Your point is? How many lawyers form so-called charitable organizations specifically dedicated to far right political issues?

#88 twofatcats on 09.24.21 at 5:51 pm

More house flippers at work – bought in Oct 2020 for $250K, back on the market Sep 2021 for $425K. They will claim it is their principal residence even though there is not a stick of furniture in the place.

https://housesigma.com/web/en/house/wJKR7P8WwaD7XeLP/34-ISABEL-Street-Port-Colborne-L3K4W7-40034258

https://www.zolo.ca/port-colborne-real-estate/34-isabel-street

#89 twofatcats on 09.24.21 at 5:53 pm

Why are people not asking for copies of the building permits when looking at houses that have been renovated?

#90 NOSTRADAMUS on 09.24.21 at 6:02 pm

FLOWERED GAS.
I would like to see a number of real estate agents, mind you not all real estate. ( the good ,the bad, the ugly) led into the Green Room at San Quentin and given a wiff of the flowered gas for a long overdue Bon Voyage. I am on my throne and I will not step down.

#91 Sara on 09.24.21 at 6:16 pm

#52 Trojan House on 09.24.21 at 3:55 pm
DELETED
—————

What’s wrong TH? Logical debate not really your thing? Emotions got the best of you? Prefer to present BS and get no rebuke?

#92 Reality Check on 09.24.21 at 6:20 pm

A friend’s kid bought a house in Victoria with no inspection. When adding a deck a few months later a leaking underground storage tank was discovered. Mitigation required the removal of a few dozen trucks of contaminated soil at a cost of $150,000. Perhaps lucky for them is that in BC all past living owners can be held responsible so this will be in the courts for the next few years.

#93 crowdedelevatorfartz on 09.24.21 at 6:22 pm

@#67 Ponzies Pizza Pool Parties
“Great for parties, neighbors slept like babies.”

++

Wild and crazy Accountants partying it up while the neighbors slept….i can’t imagine such a thing…..

#94 tbone on 09.24.21 at 6:26 pm

Open concept is good if you like watching tv in the kitchen
What a stupid idea , lol

#95 Ed on 09.24.21 at 6:33 pm

Lol at catching marlin or blue fin off the coast of France…hasn’t been any fish for a couple generations …only thing to see there are flotillas of Africans arriving to jump in your pool after you gas a mill on it.

#96 Tales From the Crypto on 09.24.21 at 6:38 pm

#3 TurnerNation

“Bank of England tells ministers to intervene on digital currency Digital cash could be programmed to ensure it is only spent on essentials, or goods which an employer or Government deems to be sensible.”

HOLY SHITTAKE MUSHROOMS BATMAN!

YES! Of course!

Why else would you want to get rid of cash if not to gain more control over who can spend it, where they can spend it, when they can spend it, what they can spend it on, and how they can spend it?

And so, you let Crypto happen. Then you let it become big. You even drive the value up – why not? Then…SLAUGHTER! Followed by outrage over complete wipe-out. Followed up quickly by THE SOLUTION!

Yup. I think we’ve figured crypto out boys and girls.

This is nutty enough to be a conspiracy theory.
This is nutty enough to be fake news.
You know what that means.

Incroyable!

#97 Tales From the Crypto on 09.24.21 at 6:43 pm

#3 TurnerNation

“Every single hospital in Ontario is working short staffed. A nurse colleague told me that a recent survey of hospital nurses indicated that 40% of them would like to leave the profession or retire in the next few months. This is a catastrophe””

So what’s the plan here? Break it, so that it is broken and the increasing aging population has no access to anything of quality?

Is the US tired of the Canadian health care system making them look bad, so corporate America is flexing to break it to show that it was a wrong way to do it? US is better?

#98 IHCTD9 on 09.24.21 at 6:55 pm

#68 Idiot on 09.24.21 at 4:32 pm
Some people are stuck in the 19th century. They think they have to get a job, buy a house, have kids – all 20th century ideals. House and kids both are liabilities. They will both bleed you and ensure you will never retire. The world has changed in the 21st century. People who refuse to change will be left behind. In the future, most jobs will be wiped out by automation. If you rent and never have kids, you can still retire early and live a stress free life. No worries about paying college tuition which are already over $100K and will probably be $500k in 20 years. No worries about divorce or about losing half your net worth.
———

Agreed, but you’re talking about the West, not the World. These are first world problems, not 3rd. If you look around while paying attention, the old school 20th century Western ideals are already toast post Gen-X. That’s why Canada has to import 100% of its population today.

IMHO, the cost of reproduction in the West is causing a global mixing of people and culture. It’s happening everywhere – the poor mixing with the rich, east and west melding together. It’s a transitional phase, and strife will be increasing as the world has no choice but to shake the last borders from society to form one global people.

There seems to be an invisible hand pushing us towards the doorstep of a type 1 Civilization. About 100 years from now will be crunch time. Will we succeed in conquering the problems of a single society we see arising today, and step into the second evolution of humanity? Or will those who work tirelessly to maintain divisions cause us to blow ourselves to bits in a cataclysmic end, leaving a lifeless irradiated rock circling our sun. It is yet to be written, but the thinking on this point is not so good, we’d have already met alien life if the cosmic odds were for us.

The 22nd century could be a scary time to be alive, and if so – that is very, very, bad news. Or, it could be the beginning of something amazing…

#99 Sara on 09.24.21 at 6:55 pm

#86 CEF

We’ve (you’ve) diverged from my point. We can’t teach “man-made climate change” in schools, yet offer no support or hope for the students we dump this information onto.

#100 Shawn Allen on 09.24.21 at 6:55 pm

Open Concept House?

#75 Shirl Clarts on 09.24.21 at 5:07 pm
I hate the term “open concept”. If the floor plan is already opened up, it’s no longer a concept.

******************************
I hate the reality of an open concept house. Why would I want to hear the living room or family room television when I am in the kitchen?

Those houses are GREAT for entertaining and for impressing visitors. Terrible for living and they get more terrible as the number in the household goes up.

I grew up, six kids in what might be termed a chopped up house. My father could go in the living room and close the door and not hear us in our little television room. My mother could have a conversation in the kitchen without everyone hearing. A way more livable arrangement than open concept. We could read in the living room without hearing the television. People used to read back then.

#101 fishman on 09.24.21 at 7:02 pm

There’s lots of sockeye. Its just thats they are all American. Bristol Bay had the largest return ever in recorded history this year. Which followed several years of record smashing returns. Canada has managed its magnificent sockeye runs into near extinction. Why? Because Fisheries Ministers thousands of miles away in Ottawa ordering DFO to look after fish stocks in the Pacific is like Himmler ordering the Einsatzgruppen into Poland to look after the Jews.

#102 opee on 09.24.21 at 7:07 pm

Home inspections can help, let’s hear about the results and stats, if any, how many inspects resulted in the cancellation of an offer? or made aware of issues.
Purchasing an automobile, a used one, has a history if ordered, the answer. Warranties on a new auto, comes with.
Home purchases, should sellers fill in a legal document stating work done, renovations done and possible issues existing or ones rectified. Case solved for future buyers. The RE board implementing this is the answer, will they?

#103 IHCTD9 on 09.24.21 at 7:15 pm

#84 Yukon Elvis on 09.24.21 at 5:46 pm
ZURICH, Sept 24 (Reuters) – A potential lurch to the left in Germany’s election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say.
Bank for International Settlements data show deposits of German households and companies at banks in Switzerland climbed almost $5 billion to $37.5 billion in the first quarter of 2021, and this does not include shares, bonds or financial products.
— –

What a shock. It sure surprised Macron when it happened to him. The song remains the same homies. I hope some day, lessons in reality will be learned.

#104 IHCTD9 on 09.24.21 at 7:18 pm

#89 twofatcats on 09.24.21 at 5:53 pm
Why are people not asking for copies of the building permits when looking at houses that have been renovated?
——-

Because there are 20 more brain dead Canucks waiting in line who won’t ask.

#105 cuke and tomato picker on 09.24.21 at 7:18 pm

The government has to legislate to protect people from
making stupid mistakes A. helmets B. seat belts C. home
inspection before purchase D. covid vaccine mandatory.

#106 RE_Investor on 09.24.21 at 7:18 pm

I always check the history of renovations in all the house I look to purchase.
I never 100% trust the MLS description or what the agent mentions or even forgets to mention. Always do your own due diligence even before you see the house.

Try these sites for building permit applications and status. If the address doesn’t appear, then the reno was a hack and illegal, especially if there is new structural, plumbing, or electrical work done. Just walk away from the house no matter what excuses the agent says.

Toronto Building Permit status:
https://secure.toronto.ca/ApplicationStatus/setup.do?action=init

Mississauga Building Permit status:
https://www.mississauga.ca/apps/#/property

#107 Is anybody home? on 09.24.21 at 7:19 pm

OMG Sara, you actually use wikipedia?
https://www.corbettreport.com/is-wikipedia-reliable-qfc-056/

#108 Drill Baby Drill on 09.24.21 at 7:21 pm

Wow as Gump would say ” stupid is what stupid does”.

#109 IHCTD9 on 09.24.21 at 7:28 pm

#88 twofatcats on 09.24.21 at 5:51 pm
More house flippers at work – bought in Oct 2020 for $250K, back on the market Sep 2021 for $425K. They will claim it is their principal residence even though there is not a stick of furniture in the place.
——-

Yep. Building on the end of my road, bought for 220k 3 years ago, flip attempt within the same year for 280k failed. Just hit the MLS again last week for… 590K. Only thing done was a clean up and a bit of paint.

Business area downstairs, live in upstairs. Listed by a realtor in the GTA 2 hours away from here. Place has been empty the whole time.

#110 Another Deckchair on 09.24.21 at 7:35 pm

Inspectors and home renos.

1) 25 or so years ago when purchasing I employed a home inspector. He new squat. At least he had a ladder, good for me to inspect the roof. After the “visit” the Realtor asked “um… what do you think of the inspection” – my answer – the ladder was the best part. I had flown in for a few days to house hunt. He wandered around yapping while I did an inspection.

2) Renos by home builders. A Neighbour did the removal of walls thing. Uninspected. Wanted to do my house, and wanted to remove a supporting wall. “It’ll improve the feeling of spaciousness!!”

Another neighbour round the corner did that, sold on, and the new people had the roof cave in on them one snowy night. (all got out ok, but house was a wreck for a couple years) WHAT A MESS. They could have been killed, but survived in a pocket surrounded by fallen roof trusses when sleeping. These are (currently) Million dollar plus houses in a good (expensive) part of town.

3) Renos. My house, the previous occupant had “added 110v wires in the basement” – but did not know about wire colours and that a grounded outlet has to have the ground wire going all the way back to the panel, not just to another outlet. The Ontario Electrical Guide (the orangey yellowy covered book) is your friend, if you read it.

#111 IHCTD9 on 09.24.21 at 7:37 pm

#87 Sara on 09.24.21 at 5:49 pm
#69 Not Fooled on 09.24.21 at 4:33 pm

Wait until Sara finds out that lawyers also defend pedophiles, war criminals, animal abusers and sundry other human garbage.

—————–
Your point is? How many lawyers form so-called charitable organizations specifically dedicated to far right political issues?
——

Interesting. So what are your thoughts on lawyers who form so-called charitable organizations specifically dedicated to far left political issues?

#112 IHCTD9 on 09.24.21 at 7:43 pm

#77 Bob in Hamilton on 09.24.21 at 5:25 pm
#58 IHCTD9 on 09.24.21 at 4:14 pm

Kudos to the poster you mention. I like France and can actually speak the language….but am up there in Boomer years. Italy also sounds intriguing but I would wonder how one could pick up the Italian…my schoolboy Latin has been forgotten over time…
Dolce could provide some insight on the language side, I bet
— –

Well, if you’re up there in boomer years, you are probably doing just fine. Canada didn’t turn into a $h!th0le banana republic until 2015.

#113 IHCTD9 on 09.24.21 at 7:48 pm

#81 Sara on 09.24.21 at 5:37 pm
#63 Sara on 09.24.21 at 4:22 pm

hahaha…note to self not to correct CEF’s mistakes whilst making my own.

“their” not “there”
– ——

Sorry, normally I don’t comment on spelling and grammatical errors, but I was just laughing my @ss off reading that one LOL!

#114 twofatcats on 09.24.21 at 8:02 pm

Even MORE house flippers at work:

Sold in June 2021 for $410K, for sale in Sep 2021 for $600K. Another ‘principal residence’ sale.

Yeah, right.

https://housesigma.com/web/en/house/XRla7gxrAGX3jEvL/32-Denistoun-St-Welland-X5261778-40124276

https://www.zolo.ca/welland-real-estate/32-denistoun-street

#115 IHCTD9 on 09.24.21 at 8:05 pm

#80 Ponzius Pilatus on 09.24.21 at 5:35 pm
The nice thing about Canadian elections is that when it’s over, most people go on with their normal lives.
But not in the US, where Trumpy just lost another challenge to the validity of the election.
And the majority of Retrumplicans believe the election was rigged.
Nobody wins, but the lawyers.
What else is new.
—-

Who cares about the Donald bro, he’s done. The post-Trump media is scrambling for content. Don’t feed the starving Biden MSM.

Speaking of post election Canada, I had a premonition today. Like my house was about to increase in value. It was like the sky parted, and I heard the angels singing… singing to my bank account.

I saw a 10 headed beast, and each head deposited 10 grand towards my net worth. I looked, and there was a sea of glass, and on the beach was a trunk. I opened it, and it was filled with red ones- and I’m not takin 50’s homie. And a note, “with love”, and two letters “JT”.

I’m still a bit shaken, but I think it means good times are ahead!

#116 Ponzius Pilatus on 09.24.21 at 8:07 pm

#84 Yukon Elvis on 09.24.21 at 5:46 pm
ZURICH, Sept 24 (Reuters) – A potential lurch to the left in Germany’s election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say.
Bank for International Settlements data show deposits of German households and companies at banks in Switzerland climbed almost $5 billion to $37.5 billion in the first quarter of 2021, and this does not include shares, bonds or financial products.

https://www.reuters.com/world/europe/german-millionaires-rush-assets-switzerland-ahead-election-2021-09-24/
———–
Germany had more Social Democrats ruling the country then Conservatives in it’s post war history.
Boris Becker moved out a couple of millions.
It’s a the fourth largest economy with 4 trillion GDP (officially).
Home of:

Can lose a few Billions.
What’s your point?

#117 Ponzius Pilatus on 09.24.21 at 8:14 pm

Milestone in BC:
80% Double vaxxed.
Best place on earth, for sure.
Even BB agrees.
Drinks are on him at the Spinnacker.

#118 Wrk.dover on 09.24.21 at 8:14 pm

When we did our first 1/2 year road trip, I packed my 32oz Estwing and nail apron, to jump into a framing crew for a few random days and beer dollars, here and there.

One morning I started on a house, finishing the roof sheathing. With the weight of the newly placed plywood stack above, some problems developed two levels below, where the crew boss had misread the print, and the support was buckling where three beams met as a tee, and rested on 3-2X4’s.

He looked at me with anger, telling me “that had better be fixed before he ‘got back'”, with no further instructions.

I got the jack-all out of my van, hoisted and temp supported each beam at a time, framed the proper tee’d short walls under-pinnings in jig time and lifted, then re-lowered each beams down on to them.

His attitude changed when he got back the one hour later. But I quit when the heat stroke was kicking in that afternoon on the roof.

$40,000 to support and build up some big beams across an opening, using the span specs off of a table in the back of the code book. (and place corresponding supports in the levels below).

Must be Ontario!

#119 DON on 09.24.21 at 8:28 pm

#20 dave on 09.24.21 at 2:32 pm
Looks like China’s real estate will go thru a significant correction. Too many developers way over leveraged – crossing the 3 lines.

Any chance that Evergrande and other like them own significant properties in Canada and will dump them for cash reserves to repay debt?

*********

Good question. I have been watching China as much as possible due to the wobbly factor in economic, political and social areas.

The electric car division of Evergrande is in trouble, some employees not getting paid…they have never sold a car. Suppliers not getting paid…cascade effect. Things look good on the outside.

Chinese house prices also reached nose bleed levels and the result is a dip in demand amd a btief tetutn to common sense, who knows how long for. Not good to launch a common prosperity pillar and have it undercut by unaffordable house prices. Being paid in property isn’t good if that property is about to go down in price.

It is intetesting to read the news headlines prior to the 2009 GFC and it is all laid out…easy to see the coming train wreck in hind sight.

Seems to be talk of nasty trade war tactics behind the scenes. Wobbly World at the moment, seemingly more wobbly than the precovid wobbly World.

Signs, signs everywhere signs.

#120 Canadian Fake State on 09.24.21 at 8:39 pm

So nobody is concerned about a big capital gains tax on their principal residence and 8%+ annual property tax increases. If you add these 2 together alone there go your profits, real estate debt junkies.

I guess the problem is they don’t do math and unlike other financial transactions, they don’t notice being screwed until they either sell the place or end up old and broke in deeper and deeper in debt, reverse mortgage, HELOC, mortgage refinancing, mortgage payments for 25, 30, 40 years, high energy, utility, property tax bills every year, high home and CMHC insurance, carbon taxes, climate change, environmental taxes, fees, regulations etc. Good luck keeping your equity and house.

#121 VladTor on 09.24.21 at 8:41 pm

I would say that if buying hose for more than $1.2 – $1.55 mil. hire 2 home inspectors whose working in different areas. For instance first from GTA, second from Waterloo a. You will be sure that they don’t know each other. Compare reports. Not sure – hire one more. Second – pay them 20% or more above what they are asking. Don’t be greedy. Remember you going to spent $1.8 mil + bank interest for 25years. Home inspection fee in that case looks like zero expenses. More over, if they will find something interesting – you have reason for price discount which is always cover home inspectors premium.

Finally, buying now home for 1.8 mil mean automatically buying good life insurance – chance to have hart attack in next 10 years very high. Good luck!

#122 Sara on 09.24.21 at 8:43 pm

#111 IHCTD9 on 09.24.21 at 7:37 pm
#87 Sara on 09.24.21 at 5:49 pm
#69 Not Fooled on 09.24.21 at 4:33 pm

Wait until Sara finds out that lawyers also defend pedophiles, war criminals, animal abusers and sundry other human garbage.

—————–
Your point is? How many lawyers form so-called charitable organizations specifically dedicated to far right political issues?
——

Interesting. So what are your thoughts on lawyers who form so-called charitable organizations specifically dedicated to far left political issues?

===================
Give me an example of one and then I will let you know what I think.

#123 Barb on 09.24.21 at 8:46 pm

#58
“…Italian villa built over 1000 years ago”.

—————————
Ah…Europe’s architecture and history.
The oldest building in my town was a Midas Muffler Shop.

#124 Sara on 09.24.21 at 8:48 pm

#113 IHCTD9 on 09.24.21 at 7:48 pm
#81 Sara on 09.24.21 at 5:37 pm
#63 Sara on 09.24.21 at 4:22 pm

hahaha…note to self not to correct CEF’s mistakes whilst making my own.

“their” not “there”
– ——

Sorry, normally I don’t comment on spelling and grammatical errors, but I was just laughing my @ss off reading that one LOL!
=============

Ha! I got a good laugh at my expense! Glad you did too. But there is a difference between a typo (often annoyingly noticed after hitting submit) and a grammatical error that one is unaware of (CEF for example). The latter is more amusing and telling in my opinion.

#125 Flop… on 09.24.21 at 8:48 pm

Tonight is the Australian Football version of The Super Bowl.

It’s The Dogs versus The Demons.

Sounds like a match made in heaven for this blog…

M47BC

#126 IHCTD9 on 09.24.21 at 8:49 pm

#118 Wrk.dover on 09.24.21 at 8:14 pm

$40,000 to support and build up some big beams across an opening, using the span specs off of a table in the back of the code book. (and place corresponding supports in the levels below).

Must be Ontario!

————

I was thinking the same thing. But at the same time, why not? Hard work no one wants to do, and lots of BS at city hall to boot.

Sock it to ‘em, and let the politicians sort it out. They should have had their emotions in check.

The OBC had a sister called the “OBC and guide” (back in the 90’s anyway). Anyone could have done a code job using this book. They bought a house from a hack flipper, plain and simple.

#127 DON on 09.24.21 at 8:51 pm

#92 Reality Check on 09.24.21 at 6:20 pm
A friend’s kid bought a house in Victoria with no inspection. When adding a deck a few months later a leaking underground storage tank was discovered. Mitigation required the removal of a few dozen trucks of contaminated soil at a cost of $150,000. Perhaps lucky for them is that in BC all past living owners can be held responsible so this will be in the courts for the next few years.

*******

Same thing happened to my friend while they were trying to sell a house in Victoria, Oak Bay. The area is old style houses lots of oil tanks in the ground.

#128 Sara on 09.24.21 at 8:55 pm

#107 Is anybody home? on 09.24.21 at 7:19 pm
OMG Sara, you actually use wikipedia?
https://www.corbettreport.com/is-wikipedia-reliable-qfc-056/

===============
Ok, Ok, I give up! The GT blog deplorables (TN and others with various, one-off aliases) have convinced me with their well though out, well articulated analyses: The justice Centre for Constitutional Freedoms” is not a nutty, far-right, anti-max, anti-vax, anti-gay group of fruitcakes financially supported by same. /s

#129 twofatcats on 09.24.21 at 8:56 pm

Another tax-evading house flipper selling their ‘principal residence’:

Bought Feb 2021 for $651K
For Sale Sep 2021 for $780K

https://housesigma.com/web/en/house/Z5BX32zwQ443Dar0/154-LOYALIST-Drive-Welland-L3C6A4-40064056

https://www.zolo.ca/welland-real-estate/154-loyalist-drive

#130 Yukon Elvis on 09.24.21 at 8:56 pm

#116 Ponzius Pilatus on 09.24.21 at 8:07 pm
#84 Yukon Elvis on 09.24.21 at 5:46 pm
ZURICH, Sept 24 (Reuters) – A potential lurch to the left in Germany’s election on Sunday is scaring millionaires into moving assets into Switzerland, bankers and tax lawyers say.
Bank for International Settlements data show deposits of German households and companies at banks in Switzerland climbed almost $5 billion to $37.5 billion in the first quarter of 2021, and this does not include shares, bonds or financial products.

https://www.reuters.com/world/europe/german-millionaires-rush-assets-switzerland-ahead-election-2021-09-24/
———–
Germany had more Social Democrats ruling the country then Conservatives in it’s post war history.
Boris Becker moved out a couple of millions.
It’s a the fourth largest economy with 4 trillion GDP (officially).
Home of:

Can lose a few Billions.
What’s your point?
+++++++++++++++

If wealthy Germans worried about excessive taxation can move money out of Germany it stands to reason that wealthy Canadians will move money out of Canada. There you go, that is the point since you can’t figure it out for yourself.

https://www.bnnbloomberg.ca/jim-pattison-warns-wealth-tax-will-lead-to-canadian-capital-exodus-1.1653262

#131 IHCTD9 on 09.24.21 at 9:01 pm

#101 fishman on 09.24.21 at 7:02 pm
There’s lots of sockeye. Its just thats they are all American. Bristol Bay had the largest return ever in recorded history this year. Which followed several years of record smashing returns. Canada has managed its magnificent sockeye runs into near extinction. Why? Because Fisheries Ministers thousands of miles away in Ottawa ordering DFO to look after fish stocks in the Pacific is like Himmler ordering the Einsatzgruppen into Poland to look after the Jews.
———-

Typical Canadian $h!t management. But oh, those pensions bro!

#132 Housing Nightmare on 09.24.21 at 9:03 pm

Not only do you need an inspection but you need real professional help throughout the home ownership process because there are real threats lurking.

And this is one variable in things you run into as a homeowner.

This couple I knew was approached by CBC Marketplace because of basically being screwed by un-affordable housing that led to bad decisions in trying to fix things up and have some sort of a livable home. An upgrade using a Federally Approved Rebate Program seemed like a good idea.

And they were not the only ones that got hit hard. The documentary got over 7million views https://www.youtube.com/watch?v=0Hh5MYv7lWc

So, back in 2010, 500kish got you a barely livable place in Metro Vancouver (the outer areas of Metro Van). A ripoff because of it being an old house (1970) and needing upgrades. This is typical in Vancouver. But it now costs 2M. It goes up on average 100k per year for the past 15 years.

And this is where the nightmare starts. Everyone has their hand out. Tons of options, government incentives, etc. This is why government loves getting people into housing. Forces you to open the wallet and spend. Especially when your house is an old piece of junk like most of this 2 million dollar stuff in Vancouver.

So, the piece of crap house you just bought in Vancouver has no insulation, is freezing cold in the winter. What do you do? Throw some insulation in.

And this is where things went sideways. Most people don’t understand the technical aspects of housing, construction, building, renos, etc.

And when the Federal governement approves of certain products you think they are safe. Well, think again. The consumer protection in Canada is a joke. You are on your own.

So, many variables, which makes sense that you put trust in some “expert” who gives you advice.

Well this one was good ol’ spray foam touted as a safe green option.

Saw first hand the nightmare this caused the family. It was improperly handled, the owners were not separated from the job and inhaled isocyanate that were odourless and impossible to detect and caused respiratory damage. Like permanent DNA changing damage making them susceptible to breathing problems around anything new and synthetic (i.e. new house, new car, any kind of new plastic smell, fragrances, etc.) Dreadful condition.

So, they become allergic to the house due to this sensitivity, which basically is an asthmatic response to the micro particulates (lots of triggering chemicals that non-sensitized lungs could handle without noticeable symptoms, yet still not healthy) of this crap that was installed.

This forced the sale of the home with a lot of money locked up in legal, so they went to a rental while trying to fix the living situation and move on.

And during the displacement process, one abandoned/lost their job in trying to keep the family unit functioning, medical appointments, etc.

Well guess when the timing of this is? Just before the massive price run on Vancouver properties 2013, 2014, 2015.

So, now, the family is priced out of the area. So, they turned to renting.

But the problem is before buying their house, the long term basement suite they were renting that allowed them to save for the first home that had to be sold was 800 per month. It enabled them to save and create a life. Set down roots. But with price increases in rent it didn’t take them long to figure out they would never be able to do that again and purchase. And that is where I lost touch with them. They left the area. Headed East. The one hanging onto a decent job let it go. They had nothing to work towards.

There was just an article out that Vancouver is the eviction capital of the world. Renting sucks. Try raising a family and losing your school area because of a reno-eviction and rents skyrocketing out of your reach.

The hyper inflating of housing in Canada has screwed the country.

All this guy in the article that now has cracking ceilings was wanting to do was start a life for him and his family.

It is easy to say, get an inspection. Ain’t happening. That is how insane the housing market is.

Some people say housing will be the demise of Canada if it crashes. I think it already is without crashing. You are getting non-inspected crap for a couple of million now.

It is an impossible situation that will not just roll over generation after generation. You better hope an inheritance is coming otherwise enjoy being broke with no assets, ever.

And there is much broad pain to continue as the standard of living in Canada continues to drop.

Bring on 3 million dollar crack shacks.

I didn’t even mention, asbestos (1991 and older), the china drywall fiasco (the early 2000 boom until about 2006..ish) and stuff like PolyB piping, leaky condos that need rain screening, knob and tube wiring…the list goes on. Furnaces, hot water tanks, appliances, property taxes that are going to the moon.

Like being in a hamster wheel.

#133 VladTor on 09.24.21 at 9:04 pm

Garth….hire an inspector to visit before making your bid.

***********

Garth, I would be added:

*** Hire plumber to visit before making your bid.***

Why? I have a friend and he’s a plumber. He told me couple stories from his experience when people buying very expensive house an later and pretty soon find sewer problems in house and out. This is cost a lot of money b’s was need dig pipe. Plumber has a special camera and can check all communications in house – how they clean and for possible problems.

Plumber inspection with camera cost just around $500.

#134 Sara on 09.24.21 at 9:07 pm

@ “Is anybody home?”, “Not Fooled”, and “Sara the SJW.”

Why are you afraid to hide behind a one-off alias?

#135 opee on 09.24.21 at 9:07 pm

A suggestion for adding these RE issues on the next provincial election platform. RECO regulates RE professionals on behalf of the GOVernment. would be great if the GOV. then assisted the RECO, to help RE consumers in avoiding serious issues, showing up after a home purchased, with those issues not disclosed, with no warranties of any kind, nor responsibilities laid out. Major purchase like buying a home, this should not be “Buyer Beware”!

#136 Sara on 09.24.21 at 9:12 pm

“such that you” not “to”

#137 cuke and tomato picker on 09.24.21 at 9:13 pm

I hope everybody gives MR. JUSTIN TRUDEAU the credit
for the freeing of the two Michaels.

#138 China Housing Market Crash on 09.24.21 at 9:14 pm

In China, 400 new property regulations that are largely tightening in nature have been announced ytd to restrain housing market activity, spanning supply, demand, funding, leverage, to price control measures. It is these measures that have contributed to a 14% year-on-year fall in property sales and $90 billion of market-cap losses among developer stocks in 3Q alone.

The market has grown to US$60tn in notional value including inventory, likely the largest asset class in the world on current prices.

Property is ubiquitous in China, fundamentally and financially: Goldman economists estimate that the housing sector contributes to around 20% of GDP via direct and indirect channels such as property FAI, property construction supply chain, consumption, and wealth effect. In the financial markets, 15% of aggregate market earnings (i.e. ~US$150bn out of US$1tn in 2020) could be exposed to ‘property demand’ in the extended housing construction-to-sale cycle which typically spans over three years, and that property-related loans (developer loans, mortgages, shadow banking)/ developer bonds represent 35%/23% of banks’ loan books/the outstanding balance of the offshore USD credit (IG + HY) market,respectively.

Is it any wonder why China just banned all crypto activity, sending crypto falling?

No question about it: Capital flight.

And even though Canadian immigration stalled in the past year due to the pandemic you better believe capital flight to Canada is still happening.

The Canadian banks love it.

#139 Is anybody home? on 09.24.21 at 9:18 pm

Pick your home inspector carefully. My daughter purchased a home using the bank’s list of inspectors. The inspector only found small things that needed repair. She bought the home. She never told me about the home until after the papers were signed. I checked out the house on moving day and found black mold in the drywall of the upstairs bedroom plain as day, water coming in from faulty rain gutter install. She wanted an extra outlet in the kitchen near another outlet. I went to tie in the two oulets and found the outlet on a 30amp double breaker, only other thing on circuit was fridge outlet. I could see this was done on a previous renovation. There have been many more issues that were not detected by the inspector. Word to the wise is to check out your inspectors. By the way, the bank dropped the guy from their list.

#140 Tales of Vancouver Realtor on 09.24.21 at 9:26 pm

So, they Realtor says to me.

We have 8 no subject offers.

I used my proxy guy (who is some developer) to spark the offer flood.

He says he always puts a low ball offer in on most of my listings and will take it if he can get it, but it is usually super low and won’t be accepted.

So, he says what that enables me to do is put the notice out to all of the interested parties – offers are coming in!! Deadline this afternoon.

This is when the real deal offers appear – if any – like in my case 8 no subject.

Like pulling them on a dog leash. Lets go!

One person requested to look in the garage that was locked up. Realtor said, take a hike, we don’t have time for that. We have all of these offers coming in. Get yours in too.

Then after all of that the Realtor says to me, would you like a new car?

I said what kind? He said, how about a Mercedes? I said okay.

He said okay. We are ripping up all of these offers and increasing the price from the highest bid by 80 thousand. We will let them know the price is going up.

Half of the parties disappeared, but two new no subject offers still showed up.

Signed and done. And my Realtor said – see how easy that was for a new car. Enjoy. With a nice little weasel smile.

What a sick market this is but it isn’t going to change because the market is ripe for this type of BS and prices are sky rocketing.

BTW – my Realtor made 17 million dollars in commission income just in the last year alone.

#141 Sara on 09.24.21 at 9:37 pm

To get back to #1 miketheengineer – who inspired me to waste precious time arguing and responding to off-topic remarks, err I mean inspired me to partake in intelligent discourse – you wrote:

“https://www.jccf.ca/justice-centre-gives-ontario-final-warning-over-vax-passports/

Let the fight over the charter of rights and freedoms begin!”

The majority of Canadians are not on your side. We want the pandemic to end sooner rather than later and understand that vaccine passports/certificates are necessary to accomplish that. Your legal pursuits will get you nowhere as they have no legs to stand on. Hint: think “social contract”. I suspect that even CEF (who likes to disparage and disagree with me just because) would grudgingly agree that you and those who think like you are a threat and an embarrassment to most of us (excluding IHCTD9 of course).

#142 crossbordershopper on 09.24.21 at 9:42 pm

1.8 million cdn is a lot of money. the guy does pay 4% of the mortgage , yes not on sliding scale, but over the lifetime, and if with our inflation and nominal values rise 7% a yar over the long term, then he can work hard raise his family and sacrafice for 20 years and assume he doesnt loose his job, or get sick or have another kid or something, it could work.
its a leveraged play for sure, and there is no real benefit because his kids will be broke when there in there 20 or 30. southern ontario has created the worst possible situation, no opportunity to move, since your stuck with your house and job.
yes i can get you a little house for 89K in saskatchewan, but unless you live alone and are older and dont need to work or move away from friends, you can have a simple life, with no worries.
yes, a 20 minute drive to the store for anything, but you only do it 3 times a week otherwise your stuck in your house, except the 6 months, your down south, before 65 or after 65. all in all its a simpler easier life.
in southern ontario you trade in a higher currency, 1.8 million house which is leveraged, and needs servicing in finane or in actual repairs. but your kids are not better off. and you just work and live and sacrafice because your effectively poor. i dont understand millionaires who own real estate but dont have 20 bucks in there pocket. its just bizarre to be honest with you.
take your equity, earn a conservative 8% a year, and simply go to mexico or portugal or somewhere, and relax. mississuaga has turned into a bad place now, lots of gangs and drugs just like brampton. thats why there are moving even more west, to milton, guelph and kitchener.

#143 Is anybody home? on 09.24.21 at 9:50 pm

I believe we have triggered Sara! By the way my real name is Robert.

#144 Ponzius Pilatus on 09.24.21 at 9:58 pm

101 something is fishy
Why? Because Fisheries Ministers thousands of miles away in Ottawa ordering DFO to look after fish stocks in the Pacific is like Himmler ordering the Einsatzgruppen into Poland to look after the Jews.
————–
Sure buddy,
What’s next?
Throwing all the DFO staff into concentration camps.
What puzzles me,is that one old guy with a shrimp boat is an authority on fishery issues on the whole Pacific Ocean.

#145 yvr_lurker on 09.24.21 at 10:01 pm

And now the two Michaels are on their way home. Quelle surprise. I would vote for any political party in Canada that seeks to largely minimize its interactions with China and diversify trade in other directions (Europe, South America, Mexico, South East Asia). This issue with China will only intensify in the years to come. I have been to China over 10 times in the past 15 years for work. Never, ever again.

#146 David Pylyp on 09.24.21 at 10:01 pm

I would believe that a title insurance claim would be possible on the basis that it was a hidden defect.

Let’s see

David Pylyp
Etobicoke

#147 Ponzius Pilatus on 09.24.21 at 10:02 pm

#133 VladTor on 09.24.21 at 9:04 pm
Garth….hire an inspector to visit before making your bid.

***********

Garth, I would be added:

*** Hire plumber to visit before making your bid.***

Why? I have a friend and he’s a plumber. He told me couple stories from his experience when people buying very expensive house an later and pretty soon find sewer problems in house and out. This is cost a lot of money b’s was need dig pipe. Plumber has a special camera and can check all communications in house – how they clean and for possible problems.

Plumber inspection with camera cost just around $500.
———-
Thanks Vladimir,
You just made my point that plummers (spelling) are making far too much.
Trudeau, tax them hard and often.

#148 crowdedelevatorfartz on 09.24.21 at 10:14 pm

@#124 sara
“……a grammatical error that one is ( one’s?) unaware of (CEF for example). The latter is more amusing and telling in my opinion….”

+++
Well.
Since I was happily “out the door” at 18 years old and have worked my entire life and didn’t waste tens of thousands of dollars on a Uni degree that “qualifies” people for a position at Starbucks as a Barrista……
4 decades and 3 major career changes later…

I now own and run a company that pays the staff a VERY good hourly wage plus profit sharing ( my idea and usually about 2-3 months salary per year per employee per year).

Yeah….
I can live with the horror of my grammatical errors or get my secretary to proof read them before I hit “send”..

#149 crowdedelevatorfartz on 09.24.21 at 10:19 pm

@#144 Ponzies Political Putsches

“Sure buddy,
What’s next?
Throwing all the DFO staff into concentration camps.”

+++++

Hell no !
Accountants FIRST.
Human Resources SECOND.
All govt bureaucrats THIRD. ( unless the govt bureaucrats are Accountants, HR sloths, etc. They would go to the frony of the line.)

#150 DON on 09.24.21 at 10:20 pm

#118 Wrk.dover on 09.24.21 at 8:14 pm

$40,000 to support and build up some big beams across an opening, using the span specs off of a table in the back of the code book. (and place corresponding supports in the levels below).

Must be Ontario!

**********
Could be BC. Younger couple down the road bought a house…rotted ceiling beams….bank wanted the repairs done by a certified builder with receipts.

#151 crowdedelevatorfartz on 09.24.21 at 10:23 pm

@#147 Ponzies Plumbing Paranoia
“Thanks Vladimir,
You just made my point that plummers (spelling) are making far too much.
Trudeau, tax them hard and often.”

++++

Vlad. You have to understand.
Ponzie thinks I’m a Plumber ( he’s wrong again) so he hates all plumbers.

Most plumbers make huge money.

Hell even Sara might eventually leave her husband for a sexy plumber.

#152 Woke up this morning... on 09.24.21 at 10:28 pm

#130 Yukon Elvis

Remember those papers by the rich about how the pitchforks will come out?

Remember those talks that the 1% will have a revolution on their hands?

Well, is it this left/socialist push manifestation of that?

#153 Don Guillermo on 09.24.21 at 10:38 pm

#137 cuke and tomato picker on 09.24.21 at 9:13 pm
I hope everybody gives MR. JUSTIN TRUDEAU the credit
for the freeing of the two Michaels.
***********************************
That’s one way to look at it. I’m sure the Michaels
will wonder why they’ve been held in deplorable conditions for 1000 days or more and will thank the woke useless PM that you worship.

#154 Not Fooled on 09.24.21 at 10:52 pm

#122 Sara on 09.24.21 at 8:43 pm
#111 IHCTD9 on 09.24.21 at 7:37 pm
#87 Sara on 09.24.21 at 5:49 pm
#69 Not Fooled on 09.24.21 at 4:33 pm

Wait until Sara finds out that lawyers also defend pedophiles, war criminals, animal abusers and sundry other human garbage.

—————–
Your point is? How many lawyers form so-called charitable organizations specifically dedicated to far right political issues?
——

Interesting. So what are your thoughts on lawyers who form so-called charitable organizations specifically dedicated to far left political issues?

===================
Give me an example of one and then I will let you know what I think.

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

Pivot Legal Society.

I guess Sara thinks that people who don’t share her fauxgressive brand of politics aren’t entitled to Charter protections. How liberal.

#155 Ponzius Pilatus on 09.24.21 at 11:01 pm

149 crowdedelevatorfartz on 09.24.21 at 10:19 pm
@#144 Ponzies Political Putsches

“Sure buddy,
What’s next?
Throwing all the DFO staff into concentration camps.”

+++++

Hell no !
Accountants FIRST.
Human Resources SECOND.
All govt bureaucrats THIRD. ( unless the govt bureaucrats are Accountants, HR sloths, etc. They would go to the frony of the line.)
—————-
Hey buddy,
It’s Friday night.
Seems like you had a few pints, or more.
So did I, was such a beautiful day today.
Had to be celebrated.

#156 Not Fooled on 09.24.21 at 11:03 pm

#134 Sara on 09.24.21 at 9:07 pm
@ “Is anybody home?”, “Not Fooled”, and “Sara the SJW.”

Why are you afraid to hide behind a one-off alias?

*********

I’ve just the one moniker.

Why are you afraid that people who don’t share your particular brand of fauxgressive politics get to enjoy Charter protections nonetheless?

#157 Ustabe on 09.24.21 at 11:15 pm

#131 IHCTD9 on 09.24.21 at 9:01 pm

#101 fishman on 09.24.21 at 7:02 pm
There’s lots of sockeye. Its just thats they are all American. Bristol Bay had the largest return ever in recorded history this year. Which followed several years of record smashing returns. Canada has managed its magnificent sockeye runs into near extinction. Why? Because Fisheries Ministers thousands of miles away in Ottawa ordering DFO to look after fish stocks in the Pacific is like Himmler ordering the Einsatzgruppen into Poland to look after the Jews.
———-

Typical Canadian $h!t management. But oh, those pensions bro!

Canada could easily purchase the entirety of its commercial salmon needs from Alaska and still leave them in sustainable territory.

Then cancel all/any commercial salmon fishing in Canadian waters, the only folks impacted would be a small handful of contracted fishermen who only gear up for salmon and Galen Weston and Jim Pattison who own most of the licenses and even boats now.

Recreational salmon fishing could continue and government revenues probably would increase.

The above notwithstanding I totally agree with fishman on this issue.

#158 Jen on 09.24.21 at 11:46 pm

I agree with most of your points BUT to say things like “If you are dumb enough to be in a multiple-offer situation…” is just insulting. In the Vancouver market it’s hard to get anything worthwhile without being in multiple offer situation. Houses that have languished on the market here are either undesirable or super-duper overpriced.

#159 Jackson Slowhand on 09.25.21 at 12:14 am

Idiots abound. Crazy people get crazier under stress. Today’s 24/7 non stop media barrage is a flamethrower of nasty apocolipto . Idiots are called idiots because they can’t handle the heat. As the sun bakes the planet we’ve blamed it on the dinosaurs…. that’s crazy. But, it explains why neither the sun or Saudi Arabia hosts protests….no comfy hotels to retreat to after a long day of screaming and dyeing your hair pink.

But…consequences aren’t popular among the the ‘right now’ crowd of tax gouging pretties. Wait for it….an energy shortage has arrived driving prices for staple heating and industry past energy poverty in a Stone Age mass crap out in the die-off of ….. reliable wind. $135 k/h makes Gerald Butts power flop in Ontario look like a welcome can of lube in an orgy. Use lots, yer gonna need it.

http://www.bnnbloomberg.ca/that-can-keep-you-up-at-night-lessons-for-canada-from-europe-s-power-crisis-1.1656998

Once you admit these simple truths …… ah, simple truth, where to be found? And wasn’t it convieniant that SNC was finally charged by the fuzz….mere days after Justin’s resolve?

#160 Chaddywack on 09.25.21 at 12:24 am

I have no issue with the Justice Centre for Constitutional Freedoms. What’s the difference between them and civil liberty organizations that support far left-wing views. I don’t consider them a far right organization; everyone deserves advocacy.

That’s the problem with the far left, they’re all for free speech etc. as long as it’s speech they approve of.

I don’t personally agree with anti-vaxxers but I support people’s freedom to choose. If we start trampling on that in a democracy then we are really getting close to a scary situation.

“My body my choice” works for abortions but not for vaccines? I don’t think so. All of us have a choice what we do with our own bodies, but you have to also be prepared to own the consequences of your actions or lack thereof.

#161 Father's Daughter on 09.25.21 at 1:26 am

#121 VladTor on 09.24.21 at 8:41 pm
I would say that if buying hose for more than $1.2 – $1.55 mil. hire 2 home inspectors whose working in different areas. For instance first from GTA, second from Waterloo a. You will be sure that they don’t know each other. Compare reports. Not sure – hire one more. Second – pay them 20% or more above what they are asking. Don’t be greedy. Remember you going to spent $1.8 mil + bank interest for 25years. Home inspection fee in that case looks like zero expenses. More over, if they will find something interesting – you have reason for price discount which is always cover home inspectors premium.

Finally, buying now home for 1.8 mil mean automatically buying good life insurance – chance to have hart attack in next 10 years very high. Good luck!

—————————————————————-

Agree with the last part. Seriously. I have enough stress about the cost of Toronto houses and hearing about these associated problems without having even bought one.

However, I’m not convinced that the average home inspection is worth much. Also let’s face it, the younger generations are just less handy than the previous. We had two inspections done when we bought a country property (no bidding war, much cooler market, good price) and neither mentioned any issues whatsoever with the foundation or noted recent patch work that had been done to the foundation. Here we are five years later with some major problems. Massive foundation repair coming right up. The guys that I’ve met with have all said the same thing – they spend their days fixing problems that were all missed on inspections. Smaller problems that spiralled into big, expensive problems. In hindsight, we can see some of the patches now, but it was all quite well hidden especially to the untrained eye. I recently found the receipts for the work in a closet. It was done about 6 months before the purchase #greaterfool
Great neighbours though

In other news, received a letter in the mail from our property manager company of our leased house this week..GASP..are we getting evicted? They never send mail. Nope. First rent increase in three years, $50/month. No problem. By the way, the dryer just broke so I’m going to need that fixed..

#162 Under the radar on 09.25.21 at 5:14 am

If they purchased title insurance and the city requires the home be brought to code then the insurer may be on the hook.
The law is caveat emptor. There is no duty to disclose. However , you cannot lie nor conceal obvious defects. The leading case in Ontario still McGrath v McLean – the only way to protect yourself is to obtain representations and warranties that are specific and survive closing. Of course in a bidding war, no seller will look at a offer that is laden with reps and warranties .
Legal action is very expensive, time consuming and uncertain, not a preferred way of recouping losses.

#163 IHCTD9 on 09.25.21 at 5:29 am

#122 Sara on 09.24.21 at 8:43 pm
#111 IHCTD9 on 09.24.21 at 7:37 pm
#87 Sara on 09.24.21 at 5:49 pm
#69 Not Fooled on 09.24.21 at 4:33 pm

Wait until Sara finds out that lawyers also defend pedophiles, war criminals, animal abusers and sundry other human garbage.

—————–
Your point is? How many lawyers form so-called charitable organizations specifically dedicated to far right political issues?
——

Interesting. So what are your thoughts on lawyers who form so-called charitable organizations specifically dedicated to far left political issues?

===================
Give me an example of one and then I will let you know what I think.
——-

Just pick any one of them. The question has nothing to do with the organizations or issues themselves.

#164 IHCTD9 on 09.25.21 at 5:54 am

#51 Sara on 09.24.21 at 3:52 pm
@TrojanHorse,

More dirt on the group you seem to want to defend:

Who is John Carpay and what does the Justice Centre for Constitutional Freedoms do?

The Justice Centre for Constitutional Freedoms was founded in 2010 and describes itself as a “voice for freedom in Canada’s courtrooms.”

It has represented people challenging COVID-19-related tickets and took part in a legal challenge against gay-straight alliances in Alberta schools.

More recently, the Justice Centre said it will be representing Maxime Bernier in court over his arrest in Manitoba for breaking public health orders….

The Justice Centre released a statement Thursday evening, responding to recent criticisms and the Manitoba justice minister’s call for lawyers connected to the organization to be investigated by the provincial law society.”
——

You know, you’d be way further ahead just admitting to yourself that some folks are going to think differently than you do. If this angers you, that’s another issue you need to work on. If right wingers are bad because they think “X”, then so are left wingers because they think “Y”. That’s straightforward easy to understand logic amirite?

You call it “dirt”, others will disagree. Dissenting opinion is cool by me (it’s necessary and good actually) it should be cool by you too, unless your version of a better Canada involves everyone having the same world view as you do.

#165 Henry on 09.25.21 at 6:02 am

Andrew Ruhland is forecasting the demise of the US debt market, bond market, high interest rates shock, declining real estate and pensions. This looks like a big trap coming.

#166 IHCTD9 on 09.25.21 at 6:28 am

#141 Sara on 09.24.21 at 9:37 pm
To get back to #1 miketheengineer – who inspired me to waste precious time arguing and responding to off-topic remarks, err I mean inspired me to partake in intelligent discourse – you wrote:

“https://www.jccf.ca/justice-centre-gives-ontario-final-warning-over-vax-passports/

Let the fight over the charter of rights and freedoms begin!”

The majority of Canadians are not on your side. We want the pandemic to end sooner rather than later and understand that vaccine passports/certificates are necessary to accomplish that. Your legal pursuits will get you nowhere as they have no legs to stand on. Hint: think “social contract”. I suspect that even CEF (who likes to disparage and disagree with me just because) would grudgingly agree that you and those who think like you are a threat and an embarrassment to most of us (excluding IHCTD9 of course).
———

You are correct, I definitely don’t see miketheengineer and “those who think like him” (although he did not state his position) as a threat. I do not fear my fellow Canadians even if we hold different views. In fact, I totally expected opposition to vaccines when CV-19 broke out, because not everyone thinks the same way. Is that embarrassing to you? Not to me, that’s how human beings work.

#167 IHCTD9 on 09.25.21 at 6:47 am

#161 Father’s Daughter on 09.25.21 at 1:26 am

…However, I’m not convinced that the average home inspection is worth much. Also let’s face it, the younger generations are just less handy than the previous.
——

Yep, ours was a waste. Lots of half-assed work had been done. But at the same time, there’s only so much these guys can do without tearing down the drywall.

Drywall is the great deceiver. I don’t think there’s been a time I’ve torn some down and didn’t find more work to do inside.

#168 Wrk.dover on 09.25.21 at 7:27 am

#150 DON on 09.24.21 at 10:20 pm
#118 Wrk.dover on 09.24.21 at 8:14 pm

Younger couple down the road bought a house…rotted ceiling beams….bank wanted the repairs done by a certified builder with receipts.
_____________________________

Interesting point.

Around here you are welcome to re-shingle your own roof, unless you wait so long the insurance company orders you to hire a contractor and get it done.

Lesson on how much a procrastinator can lose.
__________________________________________

#169 Another Deckchair on 09.25.21 at 7:47 am

@101 Fishman;

But, hey! The beautiful Powerpoints passed amongst the cognoscenti in Downtown Ottawa would have been in epic proportions!

Who cares about the fish when one-upmanship in Powerpointing and then lending these slides to others for their presentations to upper management makes for an ego-boosting months-long orgy?

(did my stint as a civil servant, and “downtown” was a different animal than the working offices in the sticks. Unfortunately, “downtown” holds all the important cards, so those in the sticks with their feet on the ground never have a chance. Lots of good people are trying to serve the public, but at times are over shadowed by the power-hungry people) (same as everywhere, I guess)

#170 Squire on 09.25.21 at 8:07 am

#137 cuke and tomato picker on 09.24.21 at 9:13 pm
I hope everybody gives MR. JUSTIN TRUDEAU the credit
for the freeing of the two Michaels.
‐———-‐‐—————————-
I hope that was sarcasm and does anyone really believe the CCP respects JT. This was mostly the Americans making a deal to get something later.

#171 crowdedelevatorfartz on 09.25.21 at 8:13 am

Gee now that Meng Whengzhou has flown back to China in a private full sized jet…. after suffering the indignity of 1000 days cooped up in a Shaugnessy Mansion….

And China has suddenly discovered that the two Michael’s were being wrongly held for totally unrelated reasons….

And now everyone is home and happy….

If Trudeau asked reallllly nicely….
Could China shut off the Fentanyl taps?

#172 IHCTD9 on 09.25.21 at 9:10 am

#168 Wrk.dover on 09.25.21 at 7:27 am
#150 DON on 09.24.21 at 10:20 pm
#118 Wrk.dover on 09.24.21 at 8:14 pm

Younger couple down the road bought a house…rotted ceiling beams….bank wanted the repairs done by a certified builder with receipts.
_____________________________

Interesting point.

Around here you are welcome to re-shingle your own roof, unless you wait so long the insurance company orders you to hire a contractor and get it done.

Lesson on how much a procrastinator can lose.
————

Just before I did my roof last time, my ins called wanting to do an inspection. The company had been bought, and the new owners I guess wanted to see what was on the books.

Anyway, they said I had to get the roof done obviously, and I had to send pics showing the work was done. No issue with me doing it myself, which I was worried about. Strangely, they did not say a thing about my oil tank which sports a ULC tag that expired in 2011. Nor did they care that I had a pellet stove down there venting into the main chimney clean out. Loading their gun for future claims maybe? They took pics of everything.

There’s a good case all they really wanted to do was crank the rates though. A few months later I got mail saying our house was valued at “X” but only insured for “Y” – you could say that about any house, even if brand new…

#173 KLNR on 09.25.21 at 9:19 am

@#141 Sara on 09.24.21 at 9:37 pm
To get back to #1 miketheengineer – who inspired me to waste precious time arguing and responding to off-topic remarks, err I mean inspired me to partake in intelligent discourse – you wrote:

“https://www.jccf.ca/justice-centre-gives-ontario-final-warning-over-vax-passports/

Let the fight over the charter of rights and freedoms begin!”

The majority of Canadians are not on your side. We want the pandemic to end sooner rather than later and understand that vaccine passports/certificates are necessary to accomplish that. Your legal pursuits will get you nowhere as they have no legs to stand on. Hint: think “social contract”. I suspect that even CEF (who likes to disparage and disagree with me just because) would grudgingly agree that you and those who think like you are a threat and an embarrassment to most of us (excluding IHCTD9 of course).

ya, folks forget that particular crowd is a very small /inconsequential percentage of the populace.

#174 Dharma Bum on 09.25.21 at 9:48 am

#135 Ponzi on Sept. 24th

I just hope your son is no longer in the “justice” system.
Seems like the apple did not fall far from the tree.
—————————————————————————————–

Fortunately, he is WAAYYYYYY smarter than I am.

He got outta that corrupt government dead end trap years ago.

Now he litigates custody deals and spousal support.

$5 grand before the first conversation is had. Then it racks up from there.

Marital strife is the business, and business is good. There is no shortage of insanely misguided nuptials out there. Cray cray.

#175 IHCTD9 on 09.25.21 at 9:50 am

#157 Ustabe on 09.24.21 at 11:15 pm

Canada could easily purchase the entirety of its commercial salmon needs from Alaska and still leave them in sustainable territory.

Then cancel all/any commercial salmon fishing in Canadian waters, the only folks impacted would be a small handful of contracted fishermen who only gear up for salmon and Galen Weston and Jim Pattison who own most of the licenses and even boats now.

Recreational salmon fishing could continue and government revenues probably would increase.

The above notwithstanding I totally agree with fishman on this issue.
————

I think that’s the plan from the looks of it, at least in BC:

https://www.nationalobserver.com/2021/06/29/news/dfo-shuts-most-bc-fisheries-desperate-effort-save-wild-salmon-fish

Doesn’t look like there is much choice in the matter. Salmon in lakes can be stocked and take off on their own like is done here in the Great Lakes (Atlantic Salmon reintroduction seems to be working out), but stocking an Ocean sounds tough. Might be better to just have fish farms for a couple decades.

Reading about the demise of Atlantic Salmon in Lake O, the two things that really caused it were no limits on collecting them, and blocking their spawning grounds.

BC probably has (had?) the best salmon fishing in Canada.

#176 Stéphan Potvin on 09.25.21 at 3:40 pm

#124 Sara
Don’t lose your time with typos and grammar, choose the right battles and keep it up!

#177 George S on 09.25.21 at 5:29 pm

When my son and his wife bought a house this past winter they got a home inspection. I read it over and was surprised by its thoroughness. The inspector checked everything, even to the point of photographing all the walls and ceilings with a thermal camera to see if there were any insulation problems, inspecting all the wiring and plumbing, checking the foundation and basement floor, checking the entire roof deck for damage, inspecting the garage and deck and carefully documenting any problems so that the buyer could make an informed decision.
I was impressed with the report, nothing was left out. The report also made some suggestions of what would be easily repairable and what wouldn’t.
But, in a really hot market the house would be sold with no conditions before you even looked up the phone number of the inspector. So there’s the dilemma.

The DFO west coast salmon managers learned from the DFO east coast cod managers that if you want to keep your job (and eventually get your fancy pension), the best thing to do is agree with the fishery policies of the government du jour, no matter how bad they are.

Government policy always “Trumps” science. Just wait until scientists start questioning how a tiny carbon tax is going to stop climate change.