The return

Well, at least you’re all vaxed-up. Yesterday’s poll was live for twenty hours and received 3,121 responses. Of those, 90% report being fully vaccinated. However there were 238 souls who indicated they’ll refuse the jab. This is disappointing, as I was sure my constant belittling, copious insults and peckerheadedness had driven you away. Too bad. I shall try harder.

Now, what about WFH conclusions and the path ahead? Over half of you report working from home now, and most have not been given a return-to-the-cubicle date. It’s interesting a clear majority (63%) want to go back, despite the fact WFH is now considered to be a thing that won’t ever go away. And, predictably, almost two-thirds think remote workers should not be paid less. Then again, it’s also surprising 37% believe WFH needs to come with a pay cut.

Does this glimpse into the audience of a pathetic blog match the sentiment of the masses?

Nah. Not even close. StatsCan found 80% of WFHers never want to go back. This is probably because the income level, net worth and taste in social media among blog dogs is exponentially higher than those losers who, say, visit Parler, Tinder or the CBC comment section. Well, almost all of you.

Full results are below. Now go and buy some pants.

                      

We told you a week or two ago the real estate market is sick, and fresh evidence just rolled in. Sales down. Inventory dried up. Prices even higher. There is not much that’s healthy about this picture since, combined with new demand-creating measures the federal Libs are about to usher in, values will go higher and affordability lower. Not what anyone wants. Except realtors. And Audi salesguys.

In Toronto September deals came in just over 9,000 – meaning there’s only a single month’s inventory of houses on the market. Sales were down 18% from last year due to slim pickings for buyers but the headline is this: an average property price of $1.136 million. That beats May’s high-water mark. The average for detacheds is $1.78 million in 6ix and $1.46 in the sticks. At these levels the average family is massively priced out of home ownership. It constitutes a political and monetary policy failure.

Listings have collapsed. The concern now is two-fold. First, the Trudeau Libs are about to raise the CMHC insurance ceiling by 25%, to $1.25 million – which means kiddos can buy a home for that amount with 20x leverage, backed by the hapless taxpayers. So, yes, we just baked in a way for prices to swell.

Second, the insane FHSA. A Bank of Mom deposit of $40,000 into an adult child’s new tax shelter will result in a big tax refund, untaxed asset growth, plus a tax-less withdrawal to buy real estate. How can this not jack demand? And prices?

Both these changes are coming in the Spring 2022 budget. Maybe even before, in the case of the CMHC change. It is policy insanity. Already YTD sales have jumped substantially in 2021 (by 42% in the GTA, for example) while inflation has soared, mortgage rates declined and incomes stayed swampy.

Oh, and did you see the Van numbers? Listings off by a third with average prices about equal to those in the GTA at $1.186 million. And in YVR, households are lower. Owning dirt far exceeds the common man’s grasp. Even worse in the Fraser Valley. The average prop is now $1.36 million. Up 30%, like Guelph, NOTL or Halifax.

“We saw new record prices being set, especially for detached properties and especially further out in the suburbs,” says the Vancouver real estate board boss. “But where’s the new listings?”

Simple answer. When owners cannot realistically move after forking over commission and HST, then buying again with big closing costs, land taxes and moving expenses, they don’t. Windfall profits are siphoned off immediately by a market gone mad, now being fed by out-of-touch CBs and feckless politicians. Unhealthy. And that means unsustainable. Nobody believes it, as you know. That’s the scary part.

Take this job and… remote it.

CLICK IMAGE BELOW TO SEE WFH SURVEY RESULTS (a new browser window will open, then click on the reduced image to view full-size)

About the picture: “I’ve been reading and enjoying your work going back as far as your newspaper columns of several decades ago,” writes Henry. “While visiting family in Edmonton we enjoyed a walk with their Lab, Ollie, on a perfect fall day at an off-leash park overlooking the North Saskatchewan River Valley. Ollie is friendly and enjoys socializing with other dogs in the park. Occasionally a younger dog may attempt to get into a tussle with him, but the wisdom of his thirteen years is evident in the way he calmly disregards any sort of provocation. Thank you for all the good advice.”

185 comments ↓

#1 RichardTO on 10.05.21 at 2:24 pm

DELETED (Anti-vax)

#2 Old gringo on 10.05.21 at 2:26 pm

Still amazed that the government allows CMHC to increase limits. In a default, the taxpayers needs to pay these insane amounts. This reminds me of the huge housing crash years ago in USA.
If banks had to assume the risk, this market is toast!!!

#3 Penny Henny on 10.05.21 at 2:30 pm

GARTH!!!!
Great news!
October 15th!!
Start the countdown!!!
Adele is releasing a new album!!!!

Life is good again.

#4 Billy Buoy on 10.05.21 at 2:41 pm

And once the debt ceiling is raised in the USA, interest rates will go back down to where they should be.

Negative.

Nice bond buying opportunity for all the Politicians.

Same as it ever was.

#5 Classical Liberal Millennial on 10.05.21 at 2:41 pm

#107 Ballingsford on 10.04.21 at 8:14 pm

*******

Your story breaks my heart.

Maybe move out of your mom’s creepy crawly centipede infested basement, and find a nice girl. Or find whatever gender you like. I don’t judge, just shake my head.

Married for 12 years with 3 kids and 2 DB pensions. Paid 259 for a house now worth 700 for some reason. Try again, boomer.

There’s nothing wrong with enjoying a balance between being in an office with 4 other people for a couple days and being at home for a couple days.

#6 Jesse on 10.05.21 at 2:43 pm

Well, Justin Trudeau’s Censoring the internet, he told the masses he would do this on the campaign trail (Bill C-10) and we voted him back in.

Canada will be adopting Chinese style internet censorship (most comments here will be removed lol). I’m convinced Canadians are the dumbest voters on the planet.

#7 My Body My Choice on 10.05.21 at 2:44 pm

Garth has branched out from giving financial advice to now giving health advice. Well, not actually advice, just complaining, blaming and shaming. Maybe you should go work for Big Pharma and Fauci and gang as one of their PR schills.

These poll results are about as accurate and relevant as your poll results that showed the Conservatives winning a clear majority.

Go ahead, make my day, mark this post DELETED (Anti-vax).

#8 Faron on 10.05.21 at 2:46 pm

Nice work on the vax rate!

Our house is “up” 20% in less than a year according to our agent. It’s tempting to try to crystalize that, live in rental squalor for a few years and then rebuy. Of course, the real uppa is lower owing to costs of a sale.

Our agent is certain the RE market will never go down. No surprise. Last summer when we were looking I tried to broach my hesitancy with him and he replied “what else would you do? The stock market?”. That conversation was in July. S&P up 37% since then… XBAL 13%.

#9 Penny Henny on 10.05.21 at 2:47 pm

#176 Faron on 10.05.21 at 12:07 pm
#170 Yukon Elvis on 10.05.21 at 11:10 am

Awarded by a woke jury in San Francisco. Will be reduced or overturned on appeal.

Not at all surprising that you see racism as a “woke” principles. Pretty soon the wokeists will be coming after your SE Asian comfort women. Must be frustrating to see your world shrink before your eyes.

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

Faron you pathetic loser. Always looking to start something. Yukon Elvis was obviously referring to the $130 million awarded by the jury which is a ridiculous amount. And the reason I know that is because he has been posting here for years and is a good person.
You on the other hand are a shell of a man.
Always looking at every comment through your Social Justice Warrior glasses. Too blind to see what is obvious.

How many comments did you post yesterday? 12? 15?
One would ask themselves how does this person have so much wisdom to share. When the truth is you were just desperate to have someone to converse with and no one took the bait. You have a sad life indeed.
I’m sure your parents had to pay other kids to play with you when you were young.

#10 Woke up this morning... on 10.05.21 at 2:47 pm

We have such need to put everyone into a cookie cutter mould.

That’s really the problem.

“Are you with us or are you against us?”

Can I just be a neutral observer please?

Some companies need on-location staff, some don’t.
Some companies realize savings this way, some don’t.
Some companies see it as a perk, some as a necessity.
Some people can be productive alone, some can’t.

>>>>
#26 SoggyShorts on 10.04.21 at 4:40 pm
#167 SoggyShorts on 10.04.21 at 3:41 pm
#164 Down with BLACK FACE on 10.04.21 at 3:05 pm
DELETED

Did everyone else also assume that this deleted post was about Trudeau?
That’s not great…

Posts are not deleted for choice of topic, but offensive content. – Garth
****************
@Garth I wasn’t complaining about your censorship, I’m sure it was something racist or with foul language- what I was saying “isn’t great” is that my mind automatically jumped from “Blackface” to “Trudeau”, and I’m guessing others did too.

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

Yo, SoggyShorts, the Blackface thing is recent. Apparently someone found some film – you know, 2001 people still shot photos on film. This new photo is in COLOUR!

Came out Sept 20th – conveniently.
https://nationalpost.com/news/first-photo-in-colour-of-trudeau-donning-blackface-emerges-on-eve-of-election-night

It’s a story that keeps on giving. That’s why we keep on associating it. I mean, people have done blackface, but few have done it as well as our PM, and survived!

#11 When the Whip Comes Down on 10.05.21 at 2:53 pm

And….so how does this end and when? It seems unsustainable as logic would indicate yet prices seem to go on higher every time. But on thinner and thinner sales numbers. I have watched gta catch up with van over the years. Victoria sfd benchmark is now also narrower in gap vs the van sfd benchmark, though still quite a bit away, but it’s narrowing. Very alarming indeed.

#12 Kiril Peev on 10.05.21 at 2:56 pm

Seems like 5-10% of the general population does not want to get vaccinated.

It will be interesting to see how well the vaccine mandates get implemented. Firing 2-5% of the federal, health care and other federally regulated workforce will come with heavy indigestion. The rcmp union stood up and said the are against mandatory vaccines for their employees.

Any thoughts on if these mandates will be implemented.

#13 dave on 10.05.21 at 2:57 pm

If the federal government has put in 2 policy to get the real estate marketing even more red hot……guess what? there is 2 more policies in the works that will really get things going.

So sorry Garth but after 10+ years of being wrong about Real Estate…you are wrong again!!

#14 Sail Away on 10.05.21 at 3:00 pm

I eagerly await FHSA details.

If we can funnel $40k to each of our early-20s kids for big tax advantage, that will be wonderful. Would it ever be used for Canadian real estate? Hard to say…

#15 I’m stupid on 10.05.21 at 3:07 pm

I spoke to a plumber friend, he told me his 2nd year appreciate quit on him. The reason the apprentice quit is because he lives in the basement of his parents home and can’t afford a home so he’s taking unemployment because there’s no point to work. I guess there is no more shame in society, being on the government dole is perfectly acceptable now.

I’m not going to sugar coat my situation, I’m very comfortable in life. I don’t want for anything, I’ve worked hard both physically and mentally and everything I’ve ever wanted in life. Life is good for me but not wanting for anything is boring. I wish I could go back being 20 and flat broke again to see if I could succeed. What I’ve learned is that the ride is much more fun than the destination. This kid will be a loser his whole life. He will waste his life in the basement of his parents house trolling the internet.

#16 Dave on 10.05.21 at 3:07 pm

Sale prices are falling and have been since March.

#17 Don Guillermo on 10.05.21 at 3:09 pm

#7 My Body My Choice on 10.05.21 at 2:44 pm
Garth has branched out from giving financial advice to now giving health advice. Well, not actually advice, just complaining, blaming and shaming. Maybe you should go work for Big Pharma and Fauci and gang as one of their PR schills.

These poll results are about as accurate and relevant as your poll results that showed the Conservatives winning a clear majority.

Go ahead, make my day, mark this post DELETED (Anti-vax)
*******************************************
It’s great that Garth lets these types of posts through once in a while so the rest of can see what kind of garbage he has to sort through.

#18 JSS on 10.05.21 at 3:13 pm

Hey, i got 10/10!

#19 Dave on 10.05.21 at 3:16 pm

Natural selection will take care of the inbred idiots who don’t want to get vaccinated. If not, they can move to the states and join the Republican party.

#20 Jim on 10.05.21 at 3:24 pm

I’ve never been a big fan of a percentage system for real estate commissions. I mean really, especially when an agent just has to plunk down a sign these days and it’s sold within hours, do a bit of paperwork they make 50 grand? If you ask someone to do a bathroom reno in your house they don’t say I’m going to charge you 2% of your home’s value. And does it really cost them any more to sell a $2 million home than a $500k one? It’s just greed. The System should be changed to fixed pricing, which could also make it more competitive. We should start a movement.

#21 gfd on 10.05.21 at 3:27 pm

Chinese Property Developer Fantasia Misses Debt Payments

(Bloomberg) — Another Chinese developer fell into crisis on Monday after failing to repay a maturing bond, adding to the strains of the nation’s heavily leveraged property firms following industry giant China Evergrande Group’s debt woes.

Fantasia Holdings Group Co. didn’t repay a $205.7 million bond that was due Monday, according to a company statement. Separately, property management company Country Garden Services Holdings Co. said that a unit of Fantasia didn’t repay a 700 million yuan ($108 million) loan that also came due on Monday and that a default was probable.

#22 TurnerNation on 10.05.21 at 3:28 pm

This weblog might have passed by the main mark, yesterday.

Fact: office towers downtown are 15% occupied. It’s been 20 months. This is an economic RESET. Never before. And no changes are expected, for another 6 months.
This will be 8.5 Quarters of NEGATIVE economic growth in Class A office space – and all related things. The Path, Transit, Restaurants, Services – all jobs gone

Why? Because the perfectly healthy people do not wish to subject themselves to the brutal and humiliating anti-human New System at the office. Tracking, tracing, lineups, signs, floor signs, spacing, plexiglass. HR emails, lists. All the health theatre. Masks, forced jabs, shaming co-workers. No sane professional would subject themselves to this system.

Ergo, an economic reset. And wholesale destruction of Our Way of Life – here in the Former First World Countries. ALL our leaders are on board with plan. The laggards were punted in Jan. 2020 (“Holiday travel” was the excuse) Blame the WEF, UN whomever. But it’s happening and no end in sight.

There is NO “Re-opening” plans in the provinces. This is not the plan. Fact.

#23 IHCTD9 on 10.05.21 at 3:28 pm

I for one, am firmly in the “nope” camp when it comes to selling out. If I did, I’d have to join the stupidity trying to get another place. The thought of trying to buy a house – even far from a large centre makes me want to puke. Holding offers on a shitty little rural shack sporting paneling on the walls? Forget it. Bidding wars on a house I know for a fact sold for 200K 5 years ago? Nope. No way. My place is fine, a reno sounds much more appealing and a lot less expensive.

I’m going to need a little time to desensitize.

#24 BlogDog123 on 10.05.21 at 3:31 pm

Facebook’s “agitator” algorithm is still going strong…

Let’s see what I received today:

1. a post about tolerance with nice cartoons and nazi images to stir up discussion about freedom of speech.
2. An antivax parody cartoon hinting about choice, vaccine takeup and other nonsense.
3. A nasty Joe Biden/Kamala Harris meme with them on the sinking titanic. Great! Way to show support for the prez.
4. A pretty woman with a ‘Think while it’s still legal’ t-shirt. Again, Facebook stirring the alt-right thought-police tripe.
5. A libertarian party meme about Australia and gun control, obviously targeted to stir up Americans.
6. Lots of USA-centric Fox-Newsy types of memes…

So thanks a lot Facebook! You’re doing a great job of getting people together to discuss important topics in an orderly, civilized manner! Bravo!

#25 crowdedelevatorfartz on 10.05.21 at 3:34 pm

@#20 Turner Nation

“Blame the WEF, UN whomever. But it’s happening and no end in sight.”

+++

Finally!
Someone isn’t blaming CEF.

Hopefully, this time next year the realtors will look like turtles upside down in the hot sun……

#26 Pdeca on 10.05.21 at 3:38 pm

I’m all for flexibility based on what works best for others.

Me? I need the separation between work and home, so first opportunity I was back at the office. I don’t disparage my colleagues that wanted to stay at home and I think reduced salary for people that work at home is ludicrous. Anything for the bossman to save a buck, even if the productivity stays the same.

We could all use less work and more home time, and if wfh does that for people it’s all good! And I don’t think it’s up to people who can work remotely to give one fig if the PATH loses business tbh, but I also don’t live anywhere near the GTA, so I don’t have a horse in that race anyways.

#27 Faron on 10.05.21 at 3:40 pm

#9 Penny Henny on 10.05.21 at 2:47 pm

#176 Faron on 10.05.21 at 12:07 pm
#170 Yukon Elvis on 10.05.21 at 11:10 am

Always looking to start something.

Excuse me? Yukon replied to my comment.

—————————————————————-

“…is a good person.”

Now, I don’t have a problem with sex work and I think stigmatizing it is wrong and counterproductive. I actually think it should be legal. But, YE’s stated joy in being a customer in a nation where exploitation is an issue is pretty gross. We all have good and bad sides and I’m sure he’s a fine fellow in many other ways. But I can’t hang with dudes who travel to SE asia for cheap “comfort”. Apparently you can?

I’ll remind you, he replied to my comment and now you have replied to my comment. It’s you who are firing up the mud slinging machine, not me. Furthermore, you had no dog in this fight to begin with, but launched yourself into it. Don’t be shocked that you are now a part of it.

Still waiting for your outrage at ImGonnaBeSick’s comment about mental retardation. Don’t worry, wont be holding my breath lest I drown under your sea of moral relativism.

#28 cuke and tomato picker on 10.05.21 at 3:41 pm

Houses always go up our house we bought in 2006 is now worth almost three times what we paid for it.

Nothing always goes up. – Garth

#29 Linda on 10.05.21 at 3:46 pm

Kudos to the vaccinated! While I do expect Covid will be around like the flu is, the more who vaccinate the better the chances are that these seemingly endless lockdowns etc. will be a thing of the past.

About WFH. One thing that can’t be overlooked is the reduction of GHG emissions that came with the societal lockdowns. Have to say the vehicle mileage sure dropped since Covid came along. I’m not sure about airline travel, but given the reported losses in revenue am fairly confident airlines are still no where near pre-Covid levels for passenger travel.

#30 ogdoad on 10.05.21 at 3:47 pm

In my opinion we have just be subjected to a massive social experiment. 80% have willingly given up email addresses and health card info. That’s just in Canada (for the record, I don’t really care – go with the flow….until it threatens) What fun! In return, a huge swath of us have received money from the government – our household has a good income but we’re still getting goood dough from Mr. T. Let the masses see the money and the road to trust becomes a little easier traversed.

Let duping Phase 2 (*Og) begin. Just need to hit up the beer, liquor weed store first…good thing Mr. T. is providing my substances (and paying for them). Idea – pretty purple ‘soma’ beer can wrapper? (I want a cut!)

Og

#31 Sail Away on 10.05.21 at 3:48 pm

#19 Dave on 10.05.21 at 3:16 pm

Natural selection will take care of the inbred idiots who don’t want to get vaccinated. If not, they can move to the states and join the Republican party.

——–

Oh my.

You may wish death on those who don’t agree with your philosophy, but in this case at least, it’s unlikely to happen.

Perspective.

#32 Zorro Ideltkos on 10.05.21 at 3:49 pm

My vaccination story….
Fit and healthy, was advised to take first available vaccine mid April, 2021. Weighing my risk of infection, mortality rates in my age , fitness level and lack of pre-existing conditions, the motivation for being vaccinated was simply ability to travel, and avoiding the stigma of being “unclean”. Vaccine effectiveness was secondary in my personal calculus.
The prudent and highest benefit/risk option was the Astrazeneca vaccine, given it was the most conventional, and vaccines of this derivation have been used for decades. Got the jab….
3 months later, after receiving an email from the provincial health authority giving notification a second jab was advised, an appointment was made, and it was off to the clinic. The email contained the mandatory disclaimer about possible side effects of the Astrazeneca vaccine.
Walked into the clinic, sat down, rolled up my sleeve, and the physician had the loaded needle in his right hand, cotton ball in his left, leaning in…
I asked for confirmation that I was receiving the correct vaccine…Astrazeneca..can’t be too careful I thought…and was told no, this was Moderna, and that Astrazeneca was absolutely not available, and had not been available for months….although the day before a government issued email informed me of the address, time, and information sheet (Astrazeneca) for my visit.
Conclusion…..a physician, with the approval of the Nova Scotia government was absolutely fine with administering a vaccine with no long term testing, with no testing of the possible side effects of mixing vaccines, without consent nor informing me, the patient.
The doctor was quite happy to jab me and send me on my way without telling me what was in my arm. I thanked the doc for his time and excused myself.
If this was and example of “keeping us safe”, count me out. This was either deception or incompetence….ask yourself…which is worse?
Anti vax?….No.Coward…No.Knuckle Dragger….No.
Prudence, risk analysis and rationality dictates I wait this one out. Good luck to all…

#33 Trojan House on 10.05.21 at 3:50 pm

#19 Dave on 10.05.21 at 3:16 pm

Why was this vile comment not deleted?

#34 Dolce Vita on 10.05.21 at 3:53 pm

“Now go and buy some pants.”

— Garth

They did.

Clothing and clothing accessories stores, GDP $M:

June 2021 8,237
July 2021 8,750, +6.2%
July 2020 8,365, +1.6%

Still, Health and personal care not looking good as of late, GDP $M:

June 2021 11,667
July 2021 11,579, -0.75%

—————–

Shower, shave, coiffe & scent more often Canada.

#35 Proud CERBian on 10.05.21 at 3:53 pm

CERB must be increased, then we can all buy homes.

Our Leaders will not fail us.

All Hail, CERBia!

#36 IHCTD9 on 10.05.21 at 3:58 pm

#14 Sail Away on 10.05.21 at 3:00 pm

I eagerly await FHSA details.

If we can funnel $40k to each of our early-20s kids for big tax advantage, that will be wonderful. Would it ever be used for Canadian real estate? Hard to say…
____

Been thinking the same. Can’t detect an ounce of desire for home ownership from either of them as of yet though. Maybe it’ll never come, but they’re still teenagers.

That whole plan was just thrown together over a weekend, so it’ll be interesting to see the “actual” plan. As we all know, the Libs tend to say they’ll do this or that while campaigning, but then change their mind after they get elected…

#37 sskd on 10.05.21 at 3:59 pm

Forcing a vaccine on people who do not want it and threat them with their livelihood is wrong and tyrannical. It is against everything this great country is built on – equity, inclusion, freedom of choice. And do not give me the science talk. Since vaxed can spread virus too, why not put them out of their jobs?

#38 Yorkville renter on 10.05.21 at 4:07 pm

I hate WFH… been doing it for a month as we’re moving offices next week and I can’t wait to get the hell outta here. I miss my commute, but it was on foot for 30 minutes – it was pleasant, actually.

new commute- 10 minutes by foot

#39 Joe Schmoe on 10.05.21 at 4:10 pm

#7 –

You are not Anti-Vax you are anti-logic

where did garth’s snapshot on blog participant’s political viewpoints ever intend to predict election results? Remember he also mocked the specific demographics we most have in common.

Leaving the thinking to the adults and go get a vaccine. You just flexed your ability to put 2+2 together and have been left wanting…

#40 Woke up this morning... on 10.05.21 at 4:11 pm

Oh no you don’t TurnerNation!

“This will be 8.5 Quarters of NEGATIVE economic growth in Class A office space – and all related things. The Path, Transit, Restaurants, Services – all jobs gone.”

ALL JOBS GONE?

I thought jobs were being added everywhere like crazy in Canada? I thought we were back to pre-pandemic times. I’m sure I heard that on the news recently.

#41 That guy on 10.05.21 at 4:12 pm

Never thought I’d say this, but Trudeau is right. Think about it, specifically the FHSA.

It looks like it’s there to benefit Millenials and Gen Z’s saving (and asking their parents for $) for their first home. So, the pre-purchase voters feel better.

But then it’s going to goose housing higher therefore home equity isn’t lost. So post-purchase voters feel better.

Win-win!

#42 Slim on 10.05.21 at 4:12 pm

Speaking of polls. One just done by ThinkHQ Public Affairs Inc. showed a 77 per cent disapproval rating for Premier Jason Kenney’s leadership.

ThinkHQ President Marc Henry, “Jason Kenney is a leader on life-support, and his prognosis is not good.”

What’s amazing is that 22 per cent of Albertans still approve. I guess, that’s reflected in the near collapse of the healthcare system, mostly because of unvaccinated covid cases.

#43 Yorkville renter on 10.05.21 at 4:13 pm

#7 – a sheep, who thinks he’s a wolf… pathetic.

why would you mention Fauci?
that tells me all I need to know about your ‘feelings’

#44 NOSTRADAMUS on 10.05.21 at 4:14 pm

CASH IS TRASH!
My humble opinion regarding 12 uninterrupted years of only good times. Over and over, I keep hearing the refrain, cash is trash. Okay, lets go deep. If you hold cash and inflation eats 5% of your buying power, at the end of the day, you still have cash, granted, yes, a slightly reduced amount of cash. If (when) the stock market crashes you could lose up to 50% or more of your portfolio over night. The big stock corrections, took 70% or more with a long 20+ years to recover. Holding real estate has heavy duty escalating carrying costs. If you went in highly leveraged , and the market took a 30% dive like it did back in 1989 you could not only lose all your downstroke, but be under water for years. Which begs the question, with multiple asset bubbles, much like popcorn, all getting ready to pop, what is the smartest holding at this point in time.? What will go down the least in value if the markets should tumble and fall.? So the question is, ” Well Punk, do you feel lucky, do you believe in forever bubbles”? The man with cash in hibernation, will soon be waking up and can put his, Trash Cash to work.” Beware the Ides Of November At Your Peril.” I am on my throne and I will not step down.

#45 Fully vaxxed in Canada at 71 percent on 10.05.21 at 4:15 pm

What are these CRE TIN politicians waiting for? Northern countries fully opened at less than 70% vax rate…

Almost one third not vaxxed and they will not take it no matter what. This one third of police, army,nurses, doctors, paramedics, teachers,firemen..etc.

How will society function??

I am curious how will these dumb politicians react a year from now. I mean Ford, Trudeau, kenney, Legault are congenital retards…even a school kidk knows that..lool

Riots , they will have them PLENTY trust an old intelligence analyst on this one…lmao

#46 Blobby on 10.05.21 at 4:23 pm

#7

Stop being such a selfish coward, the rest of us want to move on with our lives.

As for the poll results, they showed the Cons getting the most votes amongst people who visited here. And yeah, they got the most votes Canada wide too (as expected with multiple left wing parties splitting vote), they just didnt get the seats.

I wasnt too sure whether or not I was glad or not about that. On one hand, I hate what the libs are doing with the property market. On the other hand, I didnt like Erin’s wishy-washyness around vaccines, etc.

Would be nice to have an “actual” progressive conservative government. I’d vote for that.

#47 Dolce Vita on 10.05.21 at 4:25 pm

Someone here yesterday was commenting on Norway and Singapore vs. Green Pass, I suppose not needed because of those 2 examples.

Go to their Gov websites and find out on your own like I did.

They both have their own versions of a Green Pass.

They both want you fully vaxd or tested very recently to enter their countries.

Both had a time of it with Covid recently esp. Singapore which is still in their latest wave & the WORST they have had. Norway getting their most recent wave, their WORST, and under control only just recently.

https://ourworldindata.org/explorers/coronavirus-data-explorer?zoomToSelection=true&time=2020-03-01..latest&facet=none&pickerSort=asc&pickerMetric=location&hideControls=true&Metric=Confirmed+cases&Interval=7-day+rolling+average&Relative+to+Population=true&Align+outbreaks=false&country=GBR~ITA~NOR~SGP

Entry to Norway:
https://www.helsenorge.no/en/coronavirus/international-travels/#about-the-covid19-certificate

Entry to Singapore (select Canada from the drop down menu, or anyone, click Next and see what happens…you end up at: SG Arrival Card with electronic Health Declaration):
https://www.visitsingapore.com/travel-requirements/

—————–

Here say and reality are 2 different things. 2 countries that had or are in their worst Covid outbreak are not going to say:

“Yes, welcome all you unvaxd people to our fair shores.”

Well, unless they have a Mother Nature Natural Selection Death Wish.

#48 ts on 10.05.21 at 4:28 pm

I wonder if CRB (and a number of other benefits) ending October 23/21 will have an impact on real estate or rents. Also, has the mortgage deferral ended?

#49 Woke up this morning... on 10.05.21 at 4:30 pm

“Well, at least you’re all vaxed-up. Yesterday’s poll was live for twenty hours and received 3,121 responses. Of those, 90% report being fully vaccinated. However there were 238 souls who indicated they’ll refuse the jab. This is disappointing, as I was sure my constant belittling, copious insults and peckerheadedness had driven you away. Too bad. I shall try harder.”

I have to tell you Garth, comedians are the best observers of what’s going on. And with your comedy bit above, you actually nailed something spot on, in the spirit of comedic observation.

We’ve become divisive and we want to be right. Badly. We seek out information to re-enforce our bias. No one wants to hear anything that may conflict with the thinking. It’s a big issue for humanity really. Algorithms re-enforce it in our world – have you seen that Facebook whistleblower report for example?

https://arstechnica.com/tech-policy/2021/10/facebook-is-tearing-our-societies-apart-whistleblower-says-in-interview/

‘While some of the research dates back a few years, other studies were published this year, including one that says, “We estimate that we may action as little as 3-5% of hate and about 6-tenths of 1% of V & I [violence and incitement] on Facebook despite being the best in the world at it.”’

But back to Garth’s fun opener.

The key thing I think everyone should be able to agree on is the science and more importantly the scientific method. It is really quite circular, a loop. You do the science, you get a conclusion and then you should challenge that conclusion every so often to ensure it is still valid with new data. It’s the right thing to do, to do the right thing.

It is what is done in finance, science, life really. Otherwise, how do we adopt?

As a fun point to you specifically Garth, let me point out that majority isn’t always right. As we saw during the GFC minority followed the data, as so dramatically and excitingly shown in The Big Short. May I just say…Ryan Gosling delivers one of my favourite monologues in any move in that presentation early on.

In fact, isn’t that the ultimate get in finance? To be the in the minority that’s right? :-)

Notice – that it only takes 1% to rule the world. Not even that really.

#50 Nonplused on 10.05.21 at 4:32 pm

#19 Dave on 10.05.21 at 3:16 pm

“Natural selection will take care of the inbred idiots who don’t want to get vaccinated. If not, they can move to the states and join the Republican party.”

Sometimes I think the main reason I read the comments section is to better appreciate how far from reality some people’s thoughts are.

I can’t speak to the Republican party as a whole, but Trump has never been anti-vax. “Operation warp-speed” was his thing. Meanwhile Biden and Pelosi were poo-pooing Trump’s efforts at developing a vaccine and saying only masks and shutdowns could work prior to the election. That got dumped down the memory hole pretty fast after the election.

Trump was anti-shutdown, but the jury is still out whether the shutdowns were worth the cost.

From this survey, we see that Garth’s readers have a higher vax rate than the national average. But we also know from other polls and from the comments that most of them vote conservative. So there seems to be at best a thin connection between political leanings and vaccination rates, at least in Canada.

It’s not surprising though. How about this for food for thought:

https://www.zerohedge.com/political/bidens-red-queen-justice-how-he-shatters-both-investigation-reputations-border-agents

But yet some in the media are still referring to the story as if it were true, and many people believe it.

Out here in the west, we’d be like “Who cares if they whip the illegals?” (Which didn’t happen.) “They were committing a crime and disobeying an officer!” But no whipping occurred, they haven’t got one witness or one photo. Yet Biden is prepared to punish his whole border patrol for something that did not happen in order to appease the woke media. It would be a crying shame if it weren’t so disturbing.

Things have gotten so bad that it may be up to 50% of what the MSM reports is an outright falsehood. But the people are not equipped to discern and swallow it hook, line, and sinker.

I mean, what are some of the whoppers that have floated by this comments section just in the last few days? We’ve got the queen taxing your property, which you don’t own, of course the odd anti-vax comment does get through, a 60,000 square mile solar panel saving the world, governments having unlimited spending power, climate alarmism, housing as a government obligation, and electric cars as being more environmentally friendly as just a few.

But, as the energy crisis (we can safely call it that now) in Europe and China is proving, you can only stay delusional for so long before reality provides corrective feedback.

#51 fishman on 10.05.21 at 4:40 pm

Last month I had final occupancy inspection for multi zoned property Van west side. Nine people & 3 hours. Got it with conditions. Tighty ass stuff. No big problems. A gotcha from the city’s field inspectors, who have risen from the ranks, to their slack ass tradesmen brothers still in the trenches. I’m not cashing in my chips, but I am pulling away from the table. Just the ante nowadays is teeth clenching in this game. People who are going to be building from here on will have big money. First they’ll build for people with money. The rest better start piling onto lil potato & the Jaegermeister. Get them to fill in the blanks with Khrushyovkas’. The Feds have given up all their land in Vantown in the years since the big potato let a couple of sentences slip into his repatriated & now ours to live with constitution. I’m thinking north of Spuzzum might be some building sites.

#52 Dolce Vita on 10.05.21 at 4:44 pm

#25 sskd

No. It is NOT tyrannical.

First on your vaxd getting Covid, spot your assertion in the latest from Health Canada:

https://i.imgur.com/FjZ00WX.png

# of Cases:
85.3% are the IMBECILE unvaxd vs. 4% for the fully vaxd or 21.3X.

Second the Green Pass in Italia is mandatory for ALL WORKERS. It is not tyranny it is common sense. Italians rest assured knowing the people in their work area are all fully vaxd or have been tested in the last 72 hrs worst case.

When people feel safe, they will return to the office, factory floor, or wherever gladly.

The Italian Green Pass forces the IMBECILE unvaxd (that in Canada are consuming the vast majority of Hospital, ICU and Morgue space) to GET VAXD.

No one is bellyaching here in Italia. No repeat of 2020 desirable here.

——————-

Face it Canada, from the Health Canada Stats, you have too many LOOSE CANNONS ON DECK.

Mother Nature knows nothing about political beliefs nor human rights sovereignty.

She does though understand Natural Selection and a will host to promulgate her most recent viral concoction.

Time to reign the unvaxd in Canada.

#53 calgary rip off on 10.05.21 at 4:49 pm

@#15. Im stupid:

After 3 degrees, an undergrad, grad degree, and technical degree I earn >$120K each year at my hospital job. I met my wife online on yahoo personals in 1999. I was looking at the personal ads and had had vodka to drink that night. There was a dumb ad, so I replied: “What is wrong with a big ass?” My future wife thought this hilarious and she phoned me at my fitness job a couple days later in Seattle. I told her I was getting promoted and moving to Houston, and that if she wanted to she could come and if it worked out we would get married. I saw that her sister had healthy looking children so this was a good thing I thought. I drove to Houston, motorcycle in tow, and collect called my online girlfriend for a month in february 2000. She flew down in March. Got married in Canada August 2000. Kid was born in 2002. Wife got homesick 2003. Left Texas in March 2003. After getting residency papers, my wife told me “you are the one with all the degrees, man up and support the family.” So I did. I now own a mortgage, have a great job, am the strongest physically I have ever been and yet it all feels meaningless. People just exist and are. Although I am successful I feel no more happy than when I was doing fitness training in Houston as there are constant stressors and barriers to basic things. Even so I am grateful for what I have. Just now one of the nurses in training screwed up on paperwork and I have to fix it because she wasnt paying attention. And this is why the apprentice guy doesnt want to deal with the plumbing job. He knows, and he is right, that it is constant bs. Maybe it is unfortunate that he doesnt have a wife and child that are relying on him, yet such is life. Perhaps a bit of pressure would motivate him. I wasnt motivated until I had a wife and a kid. Even so, society is changing big time and basic stuff like dating, having a job is getting harder and harder. I worry more about judging myself and my screw ups than other people, unless they cause me more work, and over and over I see in the hospital that doctors and coworkers do not pay attention to critical and basic events. And that last part is why getting vaccinated for Covid and anything else is a must.

#54 dave on 10.05.21 at 4:51 pm

Real Estate only goes up….FACT. In the last 20 years real estate only has gone up in Canada. There was a minor blip for 6 months during the 2008 financial crisis.

Take a step back and look at the price and sales chart…real estate only goes up. Cant say that about any other financial asset

Wow. – Garth

#55 sskd on 10.05.21 at 5:00 pm

#52 Dolce Vita

Let’s see how natural selection works by May next year. Is it favorable to people like you stuffed with 3 loads of spikes or the pure blood?

#56 Bill Ferguson on 10.05.21 at 5:03 pm

I’m not quite sure what you’re on about, Garth, but the real estate market here in Greater Vancouver is “slumping” at the very least.

September marked the sixth consecutive month of sales declines since the March peak, asking prices are dropping and the median price peak was last April.

The industry continues to yammer about “low inventory” being the reason for dismal September sales; they were down 44.7% on an overall basis and 51.6% for detached.

Meanwhile last March saw 5,703 sales with inventory levels at 9,145 and September saw 3,149 sales with inventory levels at 9,326. So, there goes that “theory”.

BTW, if there isn’t much to pick and choose from and at the right price, no one “has” to buy anything let alone already-inflated housing stock.

And,with rising prices for basic goods and services, people’s pockets are being turned inside out; the last thing on most minds is to rush out and overpay for housing.

That, obviously, is what is now showing up in the recent housing sales data.

#57 Wrk.dover on 10.05.21 at 5:07 pm

#187 NEVER GIVE UP on 10.05.21 at 2:30 pm

=============================
Japan is actually doing quite well for a country with one of the worst demographic deficits in the world. They have lost 50 million of their population due to the low birth rate.

If you look into it carefully you would come to understand that demographics are the driving force in world economies. Any country that has babies coming into the spending part of their life has the demographic bonus. China has just finished with their demographic bonus and is entering a period of demographic decline.
There is no way to fix it even if they start pumping out babies as fast as possible. None of them will be spending any money for the next 25 years. The big spenders are people between 30 and 50. If you don’t have those people in your population your economy will decline. It’s really quite simple. The other factors are simply noise!
China at this time is the fastest aging society in the world.
Canada and the USA have staved off this problem simply due to immigration.
________________________________

NS did a big commission on the need of re-populating.

I pumped this place here on this blog.

Now we are up to our necks in Ontario Boomers, using their equity to be mortgage free. Barely.

Not a spare Doctor anywhere.

OMG!

#58 Sail Away on 10.05.21 at 5:09 pm

#13 dave on 10.05.21 at 2:57 pm
#16 Dave on 10.05.21 at 3:07 pm
#19 Dave on 10.05.21 at 3:16 pm
#54 dave on 10.05.21 at 4:51 pm

——–

For the Daves I know:

https://www.youtube.com/watch?v=VVzDIE0mr6A

#59 Yukon Elvis on 10.05.21 at 5:13 pm

#27 Faron on 10.05.21 at 3:40 pm
#9 Penny Henny on 10.05.21 at 2:47 pm

#176 Faron on 10.05.21 at 12:07 pm
#170 Yukon Elvis on 10.05.21 at 11:10 am

Always looking to start something.

Excuse me? Yukon replied to my comment.

—————————————————————-

“…is a good person.”

Now, I don’t have a problem with sex work and I think stigmatizing it is wrong and counterproductive. I actually think it should be legal. But, YE’s stated joy in being a customer in a nation where exploitation is an issue is pretty gross. We all have good and bad sides and I’m sure he’s a fine fellow in many other ways. But I can’t hang with dudes who travel to SE asia for cheap “comfort”. Apparently you can?

I’ll remind you, he replied to my comment and now you have replied to my comment. It’s you who are firing up the mud slinging machine, not me. Furthermore, you had no dog in this fight to begin with, but launched yourself into it. Don’t be shocked that you are now a part of it.

Still waiting for your outrage at ImGonnaBeSick’s comment about mental retardation. Don’t worry, wont be holding my breath lest I drown under your sea of moral relativism.
+++++++++++++++++
What a desperate failure you are. Truly a pathetic loser.

#60 Arcticfox on 10.05.21 at 5:23 pm

Hard to wrap my head around this ..trillion $ coin!

https://www.axios.com/trillion-dollar-platinum-coin-mint-janet-yellen-223e7722-d7ba-47c9-b5f6-49a841d181de.html

#61 Tom on 10.05.21 at 5:27 pm

I’m totally fine with a pay cut to WFH but I chose no because a remote workforce would greatly reduce costs to employers as it is, so they can continue to pay the same rate to get the same amount of work.

#62 Stone on 10.05.21 at 5:29 pm

#37 sskd on 10.05.21 at 3:59 pm
Forcing a vaccine on people who do not want it and threat them with their livelihood is wrong and tyrannical. It is against everything this great country is built on – equity, inclusion, freedom of choice. And do not give me the science talk. Since vaxed can spread virus too, why not put them out of their jobs?

———

From where I’m sitting, I see nothing wrong with asking everyone eligible to get vaccinated (minus those with a legitimate exemption). And since that is what the majority wants, they will get what they want.

You are in the minority and as with any minority, you can get with the program or you can leave.

Bye bye loser. Don’t let the door hit you on the way out.

#63 april on 10.05.21 at 5:29 pm

#16 – not what the sleazy real estate industry wants the public to believe.

#64 Dr V on 10.05.21 at 5:30 pm

Up island VI Sept stats. Sales down across the region, prices up.

http://www.vireb.com/assets/uploads/09sep_vireb_stats_package_64847.pdf

#65 SoggyShorts on 10.05.21 at 5:33 pm

#50 Nonplused on 10.05.21 at 4:32 pm
#19 Dave on 10.05.21 at 3:16 pm
I can’t speak to the Republican party as a whole, but Trump has never been anti-vax.
********************
Anyone who has an influence as massive as Trump’s and doesn’t strongly come out FOR vaccines is automatically against them.

Or put another way he could have influenced millions of Americans and single-handedly increased the vaccination rate if he chose to. He did not. That, in my books, is an anti-vax move.

Yes, I know he half-assed recommended them in March, but since then he has repeatedly done active harm with statements like:
“People are refusing to take the Vaccine because they don’t trust his Administration, they don’t trust the Election results, and they certainly don’t trust the Fake News, which is refusing to tell the Truth.”

#66 Not the other Dave on 10.05.21 at 5:34 pm

DELETED (Anti-vax)

#67 Squire on 10.05.21 at 5:44 pm

#6 Jesse on 10.05.21 at 2:43 pm
Well, Justin Trudeau’s Censoring the internet, he told the masses he would do this on the campaign trail (Bill C-10) and we voted him back in.

Canada will be adopting Chinese style internet censorship (most comments here will be removed lol). I’m convinced Canadians are the dumbest voters on the planet.
————
I agree. Canadians are very selfish voters and not interest in what is best for the country. Only for their own selfish reasons. We get what we deserve, sadly.
All the deaths in WW1/II appear to be in vain.

#68 cramar on 10.05.21 at 5:50 pm

And this kid doesn’t understand (and neither do his parents who should kick him out), that he is not only going to be a loser, but will be eclipsed by the ones who know how to hustle and become successful. What the youngsters don’t understand is back in our day, you had to compete with everyone. Back then most everyone knew that to be successful you had to work hard. (Just ask Garth.) Today it is easier in one respect. You have so little competition! Except for the immigrants from Syria, Afghanistan, etc. They just want the opportunity and know how to work hard to be successful in life.

————-

#15 I’m stupid on 10.05.21 at 3:07 pm

… This kid will be a loser his whole life. He will waste his life in the basement of his parents house trolling the internet.

#69 Andrewski on 10.05.21 at 6:03 pm

Re: #7 My Body My Choice. Feckless.

#70 Timberr on 10.05.21 at 6:05 pm

It seems that one of the largest global accounting and professional services firms (PWC) is quite content with the WFH jam…

“Work-from-home forever: PwC offers US employees full-time remote work

– PwC said it will allow all of its 40 000 US client services employees to work virtually and live anywhere they want in perpetuity

– PwC employees who choose to work virtually would have to come into the office a maximum of three days per month for in-person appointments

-PwC isn’t planning to make any significant changes to its real estate footprint due to the new policy.”

https://www.news24.com/fin24/Companies/work-from-home-forever-pwc-tells-us-employees-they-need-never-return-to-the-office-20211001?

#71 Baffled on 10.05.21 at 6:20 pm

https://youtu.be/WpnM37A4P_8?t=90

Meet Justin & Chrystia’s outside advisors on all things monetary, business & real estate, with sound. It will explain the whole plan.

#72 "NUTS" on 10.05.21 at 6:23 pm

The Real Estate phenomenon has puzzled me since 2006-7. It defies all reason and flies in the face of conventional thinking, particularly when attempting to apply common business sense to the market. I’ve stopped thinking the ride will end. I tend to agree with Garth’s comment that nothing goes up forever, but we’ve certainly been off on this one. Even if a small correction comes along, the advances are so far beyond reality that it will hardly put a dent in the market. Who would have ever thunk prices would reach these dizzying heights, even with a global pandemic!!

#73 AM in MN on 10.05.21 at 6:27 pm

Here’s a prediction about what might help change the news cycle away to things more real to everyone’s life than daily virus fear, energy prices.

Nat Gas up 10% today, more than Bitcoin.

I see a further strain on the nation coming as the green lefties who just won re-election try and square huge heating bills in the east with the transfer of wealth to the west, while trying to tell everyone they really don’t need to heat their homes and put gasoline in their cars.

Not to mention that Elec. prices follow the gas price now, will help with nuke economics and Hydro Quebec will make out like bandits this winter in New England.

It will be hard to miss the news from the UK as they gather for the annual leftist fest know as the global warming summits where the good people feast on taxpayer funder luxury with each other for a few days, while energy shortages, caused by these same people, rock Europe and China.

I know this is a real estate blog, and I’m not in the real estate business, but if I was I’d be looking at Calgary for the next boom. This one has many more years to run.

People vote how they feel, but they act how they need to, despite the huge disconnect between those two positions. They need real energy, not pixie dust.

#74 Sara on 10.05.21 at 6:28 pm

#59 Yukon Elvis on 10.05.21 at 5:13 pm
#27 Faron on 10.05.21 at 3:40 pm
#9 Penny Henny on 10.05.21 at 2:47 pm

#176 Faron on 10.05.21 at 12:07 pm
#170 Yukon Elvis on 10.05.21 at 11:10 am

Always looking to start something.

Excuse me? Yukon replied to my comment.

—————————————————————-

“…is a good person.”

Now, I don’t have a problem with sex work and I think stigmatizing it is wrong and counterproductive. I actually think it should be legal. But, YE’s stated joy in being a customer in a nation where exploitation is an issue is pretty gross. We all have good and bad sides and I’m sure he’s a fine fellow in many other ways. But I can’t hang with dudes who travel to SE asia for cheap “comfort”. Apparently you can?

I’ll remind you, he replied to my comment and now you have replied to my comment. It’s you who are firing up the mud slinging machine, not me. Furthermore, you had no dog in this fight to begin with, but launched yourself into it. Don’t be shocked that you are now a part of it.

Still waiting for your outrage at ImGonnaBeSick’s comment about mental retardation. Don’t worry, wont be holding my breath lest I drown under your sea of moral relativism.
+++++++++++++++++
What a desperate failure you are. Truly a pathetic loser.

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

Actually YE, you sound like the pathetic loser here.

#75 david on 10.05.21 at 6:57 pm

I don’t think many realtors are enjoying the moment.

Sales are down 50% since last year, even if prices go up, few of them really benefit.

Sales are not evenly distributed among realtors.

Some of them (the rock stars) take a big share of the pie. Maybe their sales are slightly down since last year but they are making a bit more per sale.

That means for a lot of realtors, they are suddenly not making any sale or maybe just 1.

#76 Niagara Region on 10.05.21 at 6:59 pm

The Pandora Papers revealed many political leaders and billionaires off-shoring money, avoiding taxes, and often buying real estate under shell companies. In some cases, the Pandora Papers revealed off-shored money from crime and money-laundering sometimes purchasing real estate across the globe, again under shell companies. Here is good coverage of the Pandora Papers:
https://www.democracynow.org/2021/10/5/pandora_papers_leak_global_elite

Although not discussed in this news segment, some Canadians were exposed in the Pandora Papers.

Having offshore accounts is no crime. – Garth

#77 mark on 10.05.21 at 7:12 pm

Hey Garth, think you deleted my post on that house in Liverpool. Understandable given the address is nearby, but you should do a story. $115k to $399k in 4 years is outrageous without even a lick of paint. Someone on an average income could live there, own a house and have a life before this madness.

No deletion. – Garth

#78 Penny Henny on 10.05.21 at 7:14 pm

#27 Faron on 10.05.21 at 3:40 pm

Still waiting for your outrage at ImGonnaBeSick’s comment about mental retardation. Don’t worry, wont be holding my breath lest I drown under your sea of moral relativism.
////////////////

ImGonnabesick didn’t go into you your mental issues (not taking your meds) it was I dear Faron, and you know I’m going down the right track. I’m not shaming or blaming but the med’s are there for a reason, so you can interact with others in a normal way (me I prefer alcohol). Anyways the over/under for your comments tonight is 10.

#79 IHCTD9 on 10.05.21 at 7:23 pm

#62 Stone on 10.05.21 at 5:29 pm
#37 sskd on 10.05.21 at 3:59 pm
Forcing a vaccine on people who do not want it and threat them with their livelihood is wrong and tyrannical. It is against everything this great country is built on – equity, inclusion, freedom of choice. And do not give me the science talk. Since vaxed can spread virus too, why not put them out of their jobs?

———

From where I’m sitting, I see nothing wrong with asking everyone eligible to get vaccinated (minus those with a legitimate exemption). And since that is what the majority wants, they will get what they want.

You are in the minority and as with any minority, you can get with the program or you can leave.

Bye bye loser. Don’t let the door hit you on the way out.
———-

Stone: Actually sskd is correct. You can’t force a vax into an individuals body any sooner than you can prevent a Woman from accessing abortion. That’s the law.

sskd: The restrictions are actually an attempt at accommodating your freedom of choice for those wishing to not get the Vaccine.

#80 Keen Reader on 10.05.21 at 7:24 pm

DELETED (Anti-vax)

#81 oops on 10.05.21 at 7:24 pm

Could someone please tell the two lovebirds, S & F, that the courting stage is over, as well as the declaration…its time to move forward?

#82 Jack Manning on 10.05.21 at 7:29 pm

What if James Grant from the interest rate observer that the US Federal Reserve does not impact events but events impact the US Federal Reserve.

It is the 40 year anniversary from peak 30 year US treasury bonds hitting 15%+. As he stated, inflation did not begin in the 1970’s but in 1965 and as back then inflation was supposed to be temporary but stagflation, high inflation happened as with higher and higher interest rates. Good luck if you are in debt, you already lost your house, condo.

#83 Penny Henny on 10.05.21 at 7:30 pm

#74 Sara on 10.05.21 at 6:28 pm
////////////////

I don’t what I can say to you Sara but I know anything I say will not be taken in a good way.
But here it is, Faron is a parasite. He brings out the bad, not the good.
Hopefully he accepts the help that professionals are offering him.
My best to you.

#84 ImGonnaBeSick on 10.05.21 at 7:32 pm

Oh yeah… Totally normal to write a script to scrape a blog’s comment section in order to dig up dirt on imaginary enemies on the internet. Nothing strange about that at all… Who wouldn’t want to do that? Spend their afternoon reading all the comments of a person that spelled my name wrong for months and really find out about him… so I can crush him!! Mwahaha!
Yep, just the normal behaviour of a totally healthy individual.

DEFCON 4 on

¯\_(ツ)_/¯

#85 Steven Rowlandson on 10.05.21 at 7:32 pm

DELETED (Anti-vax)

#86 Blacksheep on 10.05.21 at 7:33 pm

“Having offshore accounts is no crime.” – Garth
————————–
And that, is of course, the problem…

Of course not. Reporting is still required by law. – Garth

#87 crowdedelevatorfartz on 10.05.21 at 7:33 pm

Sara to the rescue!

#88 Sheesh on 10.05.21 at 7:39 pm

#55 sskd on 10.05.21 at 5:00 pm
#52 Dolce Vita

Let’s see how natural selection works by May next year. Is it favorable to people like you stuffed with 3 loads of spikes or the pure blood?

………

Keep in mind that even 3 loads of spikes is way, way, way less spikes then you’d get from a nice, natural infection. So pure!

#89 Drake on 10.05.21 at 7:41 pm

Niagara Region, the biggest thieves in the world are not the small potatoes you are mentioned but the central banks devaluing, diluting everyone’s money as if it is putting 1% alcohol and 99% water.

Look at what they have and are doing to everyone’s savings? Look at interest rates are so low? Look at how much your cost of living, inflation is costing you. What you are talking about is not even the top ten real problems in the world. Government and their agencies and their partners, central banks, NGO’s, many corporations that depend on government revenue, contracts and many others, never fix anything, never will fix anything and never will solve anything. They are just part of the big problems everyday. I know the truth nobody wants to hear but that is what it is.

#90 Penny Henny on 10.05.21 at 7:49 pm

#9 Penny Henny on 10.05.21 at 2:47 pm
#176 Faron on 10.05.21 at 12:07 pm
#170 Yukon Elvis on 10.05.21 at 11:10 am

Awarded by a woke jury in San Francisco. Will be reduced or overturned on appeal.

Not at all surprising that you see racism as a “woke” principles. Pretty soon the wokeists will be coming after your SE Asian comfort women. Must be frustrating to see your world shrink before your eyes.

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

Faron you pathetic loser. Always looking to start something. Yukon Elvis was obviously referring to the $130 million awarded by the jury which is a ridiculous amount. And the reason I know that is because he has been posting here for years and is a good person.
You on the other hand are a shell of a man.
Always looking at every comment through your Social Justice Warrior glasses. Too blind to see what is obvious.

How many comments did you post yesterday? 12? 15?
One would ask themselves how does this person have so much wisdom to share. When the truth is you were just desperate to have someone to converse with and no one took the bait. You have a sad life indeed.
I’m sure your parents had to pay other kids to play with you when you were young.
////////////////

Faron-“…is a good person.”

Now, I don’t have a problem with sex work and I think stigmatizing it is wrong and counterproductive. I actually think it should be legal. But, YE’s stated joy in being a customer in a nation where exploitation is an issue is pretty gross. We all have good and bad sides and I’m sure he’s a fine fellow in many other ways. But I can’t hang with dudes who travel to SE asia for cheap “comfort”. Apparently you can?
/////////////////

So I see you agree with the rest of my comments.

#91 mike from mtl on 10.05.21 at 7:50 pm

#60 Arcticfox on 10.05.21 at 5:23 pm
Hard to wrap my head around this ..trillion $ coin!
//////////////////////////////////////////////////////////////

Guess we can grab a memento of the everything bubble curtesy of the FED? Display it next to my Zimbabwe billion notes.

Honestly the world of PM makes no sense, Pt is so much rarer than Au but is priced less due to simple industrial demand being basally a side product. Even if that coin was pure Pt would be worth not even a grand, Au would be worth something like 2k. Ir which is super rare on this planet maybe a tonne or so on the surface, not even close to 1k.

It’s completely impossible to cobble elemental matter currently not without crazy orders of magnitude of energy of mass equivalence. But we arrogant hairless monkeys price such things at our feet in imaginary barter numbers.

#92 Niagara Region on 10.05.21 at 7:50 pm

Re: Pandora Papers #76
“Having offshore accounts is no crime. – Garth”
———————————————–
Yes, I realize this. Some of the money was crime money being laundered, but most was not. Surely there is something wrong with tax systems whereby billionaires can escape paying tax (or can pay extremely little tax) while salaried workers in middle-class occupations frequently forfeit 30%-40% of their salaries to taxation.

I saw no evidence of criminal proceeds in the news coverage. Please provide it, or stop making that allegation. Nobody reporting income, offshore or not, is evading taxes. And Elvis Stoyko is not a billionaire. Worry about stuff that matters. This is salacious noise. – Garth

#93 Faron on 10.05.21 at 7:52 pm

#77 Penny Henny on 10.05.21 at 7:14 pm

You are adrift. I’ll spell it out for you:

I insulted you and ImGonnaBeSick with the short bus comment. There was broad outrage from you (I believe) and others including Millmech. Turns out your hero ImGonnaBeSick made a similar if not worse comment under far less provocation by insinuating that Millennial Realist was mentally retarded. I’m very curious as to why the double standard exists. I mean, I know why, but I’d love to here your explanation. I’d love to know why Millmech wasn’t angered by this.

Get it?

#94 Armpit on 10.05.21 at 7:56 pm

“Having offshore accounts is no crime.” – Garth
Reporting is still required by law. – Garth

True…. but then, why have an offshore Account???

Better bankers. Better rates. Better products. Easier ability to house funds earned from international activities. More flexibility holding assets denominated in various currencies. People doing business globally, regardless of their residency, find many reasons. Obviously you are not one of them. – Garth

#95 Niagara Region on 10.05.21 at 7:56 pm

#89 Drake. Yes, you’re right to point to the problem of the Central Banks. Such low interest rates and inflation are helping to push the money from average citizens up to the very wealthiest strata. Here is a great documentary on the topic:
https://www.youtube.com/watch?v=t6m49vNjEGs&ab_channel=DWDocumentary

#96 Faron on 10.05.21 at 7:58 pm

#84 ImGonnaBeSick on 10.05.21 at 7:32 pm

#75 ImGonnaBeSick on 08.02.21 at 5:44 pm

I’m pretty sure MR actually stands for the term which was recently replaced by “an individual with an intellectual disability”

I’m confused. Is it okay or not okay to use “mental retard” as an insult?

#97 Blacksheep on 10.05.21 at 8:11 pm

“Having offshore accounts is no crime.” – Garth
————————–
And that, is of course, the problem…

“Of course not. Reporting is still required by law”. – Garth
——————-
Report, sure, they are not breaking any laws.

But why do corps go offshore to tax free locals, if not for the ‘legal’ avoidance in taxes paid to the sovereign, where said corp is actually operating?

We all avoid taxes we are not obligated to pay. Check out your TFSA. – Garth

#98 Johnnie B Greate on 10.05.21 at 8:17 pm

Gas at 142.9 here. Was 148.9 in 2008 with $150 Oil.

#99 BillyBob on 10.05.21 at 8:27 pm

Y’know, I rarely have any problems with anyone IRL. Believe it or not, pretty affable and easygoing. As the meme goes, I ran out of F’s long ago and no longer have any to give. Admittedly I have maneuvered to be in a position professionally and personally where I don’t have to much care what others think or do.

When dealing with interpersonal issues, if I did on some rare occasion have a conflict with a single person, I would – quite naturally – at first default to wondering what the other person’s major malfunction was. Such are the frailties of the human ego.

But on the other hand if were to find myself inciting multiple and increasing numbers of persons constantly…I might take a look in the mirror and ask myself who the common denominator in each interaction was.

Of course, that requires intellectual honesty, so I hold out zero hope for our resident self-proclaimed progressive champion of all currently trendy causes.

#100 ImGonnaBeSick on 10.05.21 at 8:29 pm

We still doing this?

I’m sure I also insulted anyone with a toe when I compared you to one…

In the case you reference yes, perfectly acceptable. In your use of it, no, completely unacceptable.

#101 Faron on 10.05.21 at 8:33 pm

#90 Penny Henny on 10.05.21 at 7:49 pm
#9 Penny Henny on 10.05.21 at 2:47 pm

So I see you agree with the rest of my comments

Of course not. I just don’t care about them.

And, despite your annoying persistence in making statements about my mental health (double standard CF Sail Away’s response to claims about his MH) and desire to leap into any and all frays I get into (double standard CF your pointing at Sara’s jumping in), I don’t have a beef with you.

Although, gold star for how hard you are trying. Enjoy that evening drink! I mean it. No, seriously.

#102 april on 10.05.21 at 8:39 pm

#65 – Someone close to me thinks it’s communist take over. .. so frustrating.

#103 Ponzius Pilatus on 10.05.21 at 8:40 pm

#52 Dolce
No one is bellyaching here in Italia.
———————

Lots of protests in Bella Italia against the Greencards.
Just saw one picture in Der Spiegel the other day of demonatrations against the Green Card in Bergamo, of all places.
Most protesters are from the right wing Fratelli d’Italia Party.
Some protesters were holding signs with a green Swastica.
Not kosher, my friend.
In Germany, when you carry a Hackenkreuz sign, you go to jail.

#104 mark on 10.05.21 at 8:52 pm

#77 Ah sorry Garth, must have been stuck in a refresh loop yesterday when I checked back.

#105 BillyBob on 10.05.21 at 8:53 pm

#94 Armpit on 10.05.21 at 7:56 pm
“Having offshore accounts is no crime.” – Garth
Reporting is still required by law. – Garth

True…. but then, why have an offshore Account???

Better bankers. Better rates. Better products. Easier ability to house funds earned from international activities. More flexibility holding assets denominated in various currencies. People doing business globally, regardless of their residency, find many reasons. Obviously you are not one of them. – Garth

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

There are many completely practical, legal, and yes, ethically sound reasons for holding accounts outside one’s country of birth. I have several offshore accounts. For exactly why Garth states: makes complete sense when I’ve lived/worked all over the planet getting paid in different currencies. Gives me a central repository to feed, exchange, and invest my earnings as I move from one country to another and open and close domestic accounts in each. Superior forex and investment platforms, diversity through multiple jurisdictions…of course all tax reporting rules must be heeded. It’s not some magic free pass as it’s portrayed in pop culture or the media.

I find that the vast majority of people suspicious of them are either simply unaware of how or what they really are, envious of some perceived advantage, or both. And of course the socialists love to exploit the greed and ignorance of the masses. It’s all part of the tax-the-rich agenda.

I had to smile when I read the Czech prime minister is taking flak in the latest breathless Pandora Papers offshore banking “scandal” for failing to declare £14 million of property he bought in France.

But when the Canadian prime minister gets caught trying to give a BILLION dollars of public money to his WE friends, no worries….as long as the corruption stats show Canada in a positive light it doesn’t really count! lol

The harder the socialists try to take what isn’t theirs, the harder those with the means will work to cloak their wealth. Thus was it ever.

#106 Michael in-north-york on 10.05.21 at 8:55 pm

#12 Kiril Peev on 10.05.21 at 2:56 pm

Seems like 5-10% of the general population does not want to get vaccinated.
===

They will get “vaccinated” by getting infected. Most of them will be mildly sick or asymptotic, but some will suffer for real. In any case, the nature will run its course.

#107 Stone on 10.05.21 at 8:55 pm

#79 IHCTD9 on 10.05.21 at 7:23 pm
#62 Stone on 10.05.21 at 5:29 pm
#37 sskd on 10.05.21 at 3:59 pm
Forcing a vaccine on people who do not want it and threat them with their livelihood is wrong and tyrannical. It is against everything this great country is built on – equity, inclusion, freedom of choice. And do not give me the science talk. Since vaxed can spread virus too, why not put them out of their jobs?

———

From where I’m sitting, I see nothing wrong with asking everyone eligible to get vaccinated (minus those with a legitimate exemption). And since that is what the majority wants, they will get what they want.

You are in the minority and as with any minority, you can get with the program or you can leave.

Bye bye loser. Don’t let the door hit you on the way out.
———-

Stone: Actually sskd is correct. You can’t force a vax into an individuals body any sooner than you can prevent a Woman from accessing abortion. That’s the law.

sskd: The restrictions are actually an attempt at accommodating your freedom of choice for those wishing to not get the Vaccine.

———

I didn’t say I’d force anyone to take a vax. In fact, I wrote “asking everyone eligible to get vaccinated (minus those with a legitimate exemption)”.

However, and this is kicker, the majority can decide how these anti-vax losers (yes, they are degenerate losers) interact with the rest of us in our democratic society where the majority expects vaccination (or legitimate exemption). It’s happening as we speak (restricted from certain non-essential activities, losing their jobs, etc.). That’s why I mentioned earlier that sskd shouldn’t let the door hit him/her/whatever on the way out. I was actually being nice.

#108 Niagara Region on 10.05.21 at 8:56 pm

Re: Request from Garth (#92) for evidence connecting any offshoring to crime in the Pandora Papers
____________________
Source: The group that released the Pandora Papers, The International Consortium of Investigative Journalism; https://www.icij.org/investigations/pandora-papers/global-investigation-tax-havens-offshore/

Excerpt:
The Pandora Papers investigation also highlights how Baker McKenzie, the largest law firm in the U.S., helped create the modern offshore system and continues to be a mainstay of this shadow economy.

Baker McKenzie and its global affiliates have used their lobbying and legislation-drafting know-how to shape financial laws around the world. They have also profited from work done for people tied to fraud and corruption, reporting by ICIJ has found.

The people that the firm has done work for includes Ukrainian oligarch Ihor Kolomoisky, who U.S. authorities allege laundered $5.5 billion through a tangle of shell companies, purchasing factories and commercial properties across the U.S. heartland.

Baker McKenzie also did work for Jho Low, a now-fugitive financier accused by authorities in multiple countries of masterminding the embezzlement of more than $4.5 billion from a Malaysian economic development fund known as 1MDB.CIJ’s reporting found that Low relied on Baker McKenzie and its affiliates to help him and his associates build a web of companies in Malaysia and Hong Kong. U.S. authorities allege they used some of those companies to shift money looted from 1MDB. . .

In neighboring Lebanon, where similar questions about wealth and poverty have been playing out, the Pandora Papers show top political and financial figures have also embraced offshore havens.

They include the current prime minister, Najib Mikati, and his predecessor, Hassan Diab, as well as Riad Salameh, the governor of Lebanon’s central bank, who is under investigation in France for alleged money laundering.

[This webpage also mentions the Italian mobster “Lell the Fat One” as offshoring money.]

Second source: Democracy Now; https://www.democracynow.org/2021/10/5/pandora_papers_leak_global_elite
Men identified in the Pandora Papers as offshoring money include the following:
1) Under arrest in Marbella, Fugitive Raffaele Mato, boss of a separatist Camorra Clan and associated with 10 murders;
2) The Rosenthal family, accused in the US of money-laundering and connected to drug trafficking.

As I mentioned earlier, I realize that most of the wealthy who are offshoring money are not criminals, only some of them. I also realize that tax laws generally permit offshoring and that is the problem: why can extremely wealthy folks across the globe off-shore money to largely protect their wealth from taxation, when middle-class people bear disproportionately much heavier tax burdens relative to their income?

You failed the test. – Garth

#109 Michael in-north-york on 10.05.21 at 9:05 pm

#23 IHCTD9 on 10.05.21 at 3:28 pm

I for one, am firmly in the “nope” camp when it comes to selling out. If I did, I’d have to join the stupidity trying to get another place.
===

Yep, same thought. It is probably a great time to sell if you want out of RE anyway, and a good idea to wait out if you want to get into RE.

But selling the place you already have, and then trying to buy a cheaper one, or waiting for the eventual RE crash .. not worth it. Sales commissions and moving costs are money lost forever. And the crash might not happen during our lifetimes, or it could take the form of a mild and slow correction with no dramatic effects.

#110 Trojan House on 10.05.21 at 9:09 pm

#62 Stone on 10.05.21 at 5:29 pm

It’s funny how the petty tyrants come out when it’s safe to do so. The only loser on here is you and you prove that every time you make a comment.

One day, it will be you in the minority and let’s see how you like it.

Oh, I hear Communist China is providing one way, first class tickets. You may want to get yours.

#111 Luck of the draw on 10.05.21 at 9:10 pm

Travel unvaccinated only a little inconvenience but then I’m not going broke like the restaurants .
First stop eastern Ontario, expensive Inn wouldn’t let us dine without showing proof went down the street welcomed at another restaurant not asked about status had a good meal . Owner came by says he’s going down with the ship won’t quit .
Takeout only in Quebec. Best experience was in NB where we were asked “would you like to show proof of vaccination” we said no but I liked how the question was asked . No questions at the B&B but the proprietor said she couldn’t believe how many people aren’t vaxxed.
Now on PEI it’s their first day so was asked at breakfast at lunch or dinner as it’s called here first placed asked second did not .
Few restaurants are set up for this in layout or resources and the struggle for business survival takes priority. Also it is asking a lot of business to persist working at someone else’s agenda I can’t see this lasting.

#112 crowdedelevatorfartz on 10.05.21 at 9:13 pm

@#98 Johhny B Good

“Gas at 142.9 here.”

+++

Where is “here”?

Van is 156.9 I wanna fill up in your burg.

#113 Blacksheep on 10.05.21 at 9:17 pm

“Having offshore accounts is no crime.” – Garth
————————–
And that, is of course, the problem…

“Of course not. Reporting is still required by law”. – Garth
——————-
Report, sure, they are not breaking any laws.

But why do corps go offshore to tax free locals, if not for the ‘legal’ avoidance in taxes paid to the sovereign, where said corp is actually operating?

We all avoid taxes we are not obligated to pay. Check out your TFSA. – Garth
—————————
Agreed.

I have a good accountant….and will be funding my Daughter’s FHSA as soon as available.

#114 Keen Reader on 10.05.21 at 9:19 pm

So which part did I get deleted for? Saying that I’m pro-vax but waiting for longer-term data, or for cautioning against being strong bias? Seems to me my comments were striking balance and were far less controversial than what gets posted here.

#115 KLNR on 10.05.21 at 9:29 pm

@#100 Trojan House on 10.05.21 at 9:09 pm
#62 Stone on 10.05.21 at 5:29 pm

It’s funny how the petty tyrants come out when it’s safe to do so. The only loser on here is you and you prove that every time you make a comment.

One day, it will be you in the minority and let’s see how you like it.

Oh, I hear Communist China is providing one way, first class tickets. You may want to get yours.

I mean, stone is not wrong on this one.

#116 Axehead on 10.05.21 at 9:30 pm

“Peckerheadedness.”

Almost had you written off, Garth. Until this succinct, picante admission. Thank you.

#117 willworkforpickles on 10.05.21 at 9:44 pm

The real estate bubble and ponzi grows bigger and scarier for more buyers now realizing the risk.

The greater fools are still out there but beginning to dwindle some.
Thought we would have gotten to this point a year ago, but with government inflating the gasbag as i said they could and maybe would and did and still are…greater fools are still about.
RE bubbles can/will crush individuals and businesses investing late – to too late in the game…just before the bubble bursts.
As bubbles get bigger and more out of control, lower production and high unemployment tagging with it can bring debt deflation even recession. Not so good for the late comers holding the bag.
Long time property owners along with many early recipients of newly created money/credit who got in at the beginning of the RE bubble have cashed out on the late-comers of a runaway price bubble. All too much like a pyramid/ponzi scheme.
Its getting very late in the game with irresponsible government mandate about to inflate the gasbag RE market further…further toward an eventual collapse as if the only trick left up their sleeve is in pumping to oblivion this RE ponzi.
When it blows up…greater fools won’t see much help from them then.

#118 Faron on 10.05.21 at 9:50 pm

#99 BillyBob on 10.05.21 at 8:27 pm

Oh hi there. You wading in again huh? Self control much?

As to numerous conflicts: I call out crap. The comments section is loaded with crap. Ergo conflict with the crap issuers. And then some additional people (i.e. you, Penny etc.) Wade on into the crap fountain adding to the fun. Whooo-eeee, keeps me entertained when paper editing gets old. Not sure if you noticed, but I’m a lefty in a hard right slanting room here.

#119 willworkforpickles on 10.05.21 at 9:59 pm

Adding to my last comment…after the blow up, interest rates will begin to rise and keep rising. Renewals will be 3 times above the rates today in 2 or 3 years with equities cut to half more or less.
Building global pressures will in time prove to be the nemesis of NA investors.

#120 TurnerNation on 10.05.21 at 10:03 pm

Science in Kanada. Still think this about a virus? This BC government webpage tell us not.

https://www.bcrpa.bc.ca/covid-19-update
“Remember, the purpose of the PoV card is to incentivize residents to be vaccinated, not to control the spread of the virus. ”

———
——–
The PERMANENT Rolling Economic Lockdowns. All freedoms were revoked under writ of war – March 2020 – when the world fell in WW3 that cold week. There are no goal posts, no re-opening plans. Hint Hint.

.COVID-19: N.B. to invoke ‘circuit-breaker’ to hot spots, issues Thanksgiving gathering limit Concerns (globalnews.ca)

……….
……….

-If only the elites had given us a hint??

Paging Alphonse…he nailed it:

“#74 Alphonse Kehaulic on 11.25.20 at 7:40 pm
28 days lockdown. Symbolism. Two 8s = 88 = double infinity. In other words: Endless, in perpetuity, no timeouts for your lockdowns. Put it to you this way: From now on there will never be a time of no lockdowns.
28 Days Later was a movie about a pandemic. Just a coincidence I’m sure.”

#121 westcdn on 10.05.21 at 10:04 pm

My 3 year old granddaughter tested positive for Delta covid. My daughter immediately isolated the family. Granddaughter #2 is a low risk spreader and is not old and obese. The rest of the family is fine for now having youth on their side. There are lots of things I don’t know about the CV virus but it does seem to mutate to tear away the shield of good health and youth.

I don’t know why Alberta has such a high Delta inflection rate so I avoid public washrooms as much as possible. It seems to me that they are a good place for CV to inflect me – small enclosed room with poor air circulation, high probability of a spreader lingering and the amount of time it takes to do my duty.

I have been putting off my 2nd dose of CV vaccine. Instead I went out and got a shot of pneumonia vaccine. I want to know more about CV. From what I understand my 1st dose should be wearing off so my 2nd dose decision is made for me. I truly believe I have already caught CV and I was asymptomatic. I don’t know for sure so I will continue to take precautions.

I still have a few option plays going. I limit myself to $500 bets. I have one in gold and it looks to be going to zero but the other one in natural gas is killing it. I will probably sell half late November and let the rest ride till near the expiry date in Jan 2022. Then it becomes exercise the call or take the cash. Luck was on my side with option buying and I learned to try though luck has no master. I will use some of my capital losses to reduce the tax bite. Most of my capital losses will be kept in reserve for what Chrystia rolls at me.

#122 yvr_lurker on 10.05.21 at 10:11 pm

#108 Niagra
———
Niagra gave a very long and factual account of what has been uncovered at this early stage of the Pandora leak, and the potential implications going forward where certain “transactions” will be investigated by tax authorities in various countries. To this garth replies “failed the test”. Sorry, Garth has completely failed the test on this one by completely minimizing and trivializing the need for any forensics on these accounts. He has the same attitude regarding Eby’s actions to uncover and expose the extensive money laundering that happened in BC over at least a decade. Why?

Why not simply say, it is early in the game with Pandora and we should all wait and see what detailed forensics will reveal after auditing on some of the seemingly problematic transactions. It is too soon to tell.

I hope that those who are charged with auditing these files don’t have the same attitude that Garth has, as otherwise I don’t think they will “find” any irregularities.

Legal or not, it is perfectly clear to the average Joe Blow that the 0.1% live very differently than the masses, enjoying all sorts of financial constructs and loopholes that they benefit from. In my view it is time for elected leaders to shut this down. Can’t see anyone doing it, as both left and right wing 0.1% ers take advantage of these holes in the tax code.

All the while lets crucify the waitresses not reporting all their tips or granny who rents out a few rooms to college students (unreported and untaxed) in order to keep her house. Vile citizens they are…

Envy kills. Resist it and focus on making your own life better. Superior outcome. – Garth

#123 Faron on 10.05.21 at 10:19 pm

#100 ImGonnaBeSick on 10.05.21 at 8:29 pm

In the case you reference yes, perfectly acceptable. In your use of it, no, completely unacceptable.

Thanks. You are a hypocrite and your outrage was fake and merely a rhetorical tool. Carry on then.

#124 VladTor on 10.05.21 at 10:41 pm

Employees just starting out are risking their career advancement by continuing to work remotely, hedge fund manager Ken Griffin said.

“If you are early in your career, you are making a grave mistake not being back at work,” Griffin said Monday in a conversation with Bloomberg’s Erik Schatzker at the Economic Club of Chicago. “It’s incredibly difficult to have the managerial experiences and interpersonal experiences that you need to have to take your career forward in a work-remotely environment.”

Griffin, who runs Citadel’s hedge fund business and Citadel Securities, also said working outside the office hinders innovation and indicated it may hurt the country’s competitiveness. Workers in China have returned “literally from almost the start” of the pandemic, he said.

“So for our youngest members of our workforce, I’m gravely concerned that the loss of early career development opportunities is going to cost us dearly over the decades to come,” he said.

#125 yvr_lurker on 10.05.21 at 11:00 pm

#122 Envy kills. Resist it and focus on making your own life better. Superior outcome. – Garth
——–
Just want that with all of this data that there are proper forensic audits done with those that have a clear likelihood of tax evasion and corruption. On a smaller scale, the same comment applies to the detailed investigation of money laundering in casinos in BC. Minimizing or trivializing the need for a detailed forensics indicates that the Gov’t does not care to find whether any wrongdoing took place (like the willfully blind Coleman in Christy Clark’s cabinet who for more than 5 years acted to shut down and block any investigation of money laundering).

The Joe Blow public needs to have some trust that a proper auditing will take place on the <1%ers that take advantage of "exotic" financial constructs. Moreover, they should lobby Gov'ts and try to elect those who will close loopholes and not broaden them.

Those that would give a blanket immunity card to those found in the Pandora Papers are likely those who continually slag and villfy those (students, low income workers) who perhaps took an extra month or so of CERB that was still on offer last year.

#126 ImGonnaBeSick on 10.05.21 at 11:01 pm

Hmm.. Maybe, F(a)room.. but I don’t pretend to be a priggish know-it-all.

#127 Inadequate on 10.05.21 at 11:06 pm

I seriously doubt the usefulness of COVID vaccine, despite the fact that I had mine shots already. My colleague just came down with COVID, after having both shots 5 months ago. What good is a vaccine if it is only good for 5 months? Now, the new twist is that he was informed that the vaccination had “reduced” the seriousness of the symptoms. Oh really? I see.

#128 2SLGBTQQIA+ !!! on 10.05.21 at 11:14 pm

They added more letters!!…

T2 is on top of this.. thank goodness… I was worried his Tofino surfer expedition might have waterlogged his brain…..

#129 Penny Henny on 10.05.21 at 11:20 pm

#93 Faron on 10.05.21 at 7:52 pm
#77 Penny Henny on 10.05.21 at 7:14 pm

You are adrift. I’ll spell it out for you:

I insulted you and ImGonnaBeSick with the short bus comment. There was broad outrage from you (I believe) and others including Millmech.
//////

Please show me ANY retort from ME about your ‘short bus’ comment. ANY,

Otherwise apologize and going forward stop making stuff up. You are a sick person, get some help, I have no time for you.

#130 238+1 on 10.05.21 at 11:45 pm

I missed the poll yesterday, so I’m making it up today.
I’ve been tested and already have natural immunity which is better than vaccine induced immunity.
Doctor’s advice.

#131 Ponzius Pilatus on 10.05.21 at 11:49 pm

We eat out quite often.
Every restaurant we patronize asks for vaxx card, and most of them have a brisk business.
It’s mostly eat in again, as take-outs are declining.
No viable restaurants are going broke.
It’s just your sick wishful thinking.
Get the jab, damn it!

#132 DON on 10.05.21 at 11:50 pm

Alright guys…break it up.

Agree to not reply to one another EVER again. For the love of dog.

We all agreed to clean up the comments section so Garth doesn’t have to read all the drama. Let’s keep things constructive.

#133 David Prokop on 10.05.21 at 11:51 pm

I don’t think I can fight my wife any longer, she’s house horny and has a severe case of FOMO, wants us to buy a rental property. Friend bought a brand new 2 bdr stacked townhouse in Mississauga 6 months ago for $749k which now could sell for $825k. I think it’s insane, but right now I’m the one looking stupid

#134 Ponzius Pilatus on 10.06.21 at 12:10 am

#105 Billy B
I had to smile when I read the Czech prime minister is taking flak in the latest breathless Pandora Papers offshore banking “scandal” for failing to declare £14 million of property he bought in France.
———————-
And I had to smile and think of self righteous when I read in Der Spiegel that the
Cheque Prime Minister is called “ The Check Donald Trump” because of his wealth and constant legal battles.
Only immunity as the Prime Minister has so far kept him from being prosecuted.

#135 Ponzius Pilatus on 10.06.21 at 12:17 am

#124
Correction:
And I had to smile and think of self righteous BB

#136 Diamond Dog on 10.06.21 at 12:55 am

WFH is still being promoted in some provinces in the public sector but this will not last. If we can use chicken pox as an indicator to Covid19 (a similar virus of contagion), once 85% of the gen pop has antibodies to chickenpox or higher, chickenpox becomes endemic and the pandemic is over. Where is Canada at right now…

https://covid19tracker.ca/vaccinationtracker.html

77% of the Canadian population has received at least one dose.

It won’t be long before WFH is no longer “a thing” at least, for Covid19. Vaccination rates are beginning to approach 85% in some developed nations. Infection rates in the U.S. now hover around 100k or less and world cases continue to drop.

Working therapeutics are also a question of time. Of interest as of late is the drug Molnupiravir from Merck. Molnupiravir is said to reduce hospitalizations and deaths by 50 percent for patients with mild or moderate COVID-19. If this drug is approved, then it will be first pill that can be taken at home. There is however, some safety controversy albeit 1.5 years ago:

“In April 2020, a whistleblower complaint by former Head of US Biomedical Advanced Research and Development Authority (BARDA) Rick Bright revealed concerns over providing funding for the further development of molnupiravir due to similar drugs having mutagenic (DNA damaging) properties. A previous company, Pharmasset, that had investigated the drug’s active ingredient had abandoned it. These claims were denied by George Painter, CEO of DRIVE, noting that toxicity studies on molnupiravir had been carried out and data provided to regulators in the US and UK, who permitted safety studies in humans to move forward in the spring of 2020. Also at this time, DRIVE and Ridgeback Biotherapeutics stated they planned future safety studies in animals.”

https://www.science.org/news/2020/05/emails-offer-look-whistleblower-charges-cronyism-behind-potential-covid-19-drug

https://www.youtube.com/watch?v=0UNtVEzAxa8

Without question, Covid19 is a serious disease. Overwhelmed ICU’s across the world and most recently in Alberta are a reminder of the threat Covid19 poses to the general public if one doesn’t take it seriously. Having said this, if vaccination rates are any indication, most of us have. As a consequence, daily Coronavirus cases here and across the world are falling. We should not be surprised to see Covid19 become endemic over the winter thanks to vaccines and more thoroughly controlled with new drug antivirals over the coming months and years.

Point is, the WFH crowd is about to run out of using a pandemic as an excuse to stay home. Once the public sector ends WFH policy, we shouldn’t not be surprised to see the private sector follow.

#137 Faron on 10.06.21 at 1:18 am

#45 Fully vaxxed in Canada at 71 percent on 10.05.21 at 4:15 pm

Ford, Trudeau, kenney, Legault are congenital retards

Oh look, another one today. Oops, Millmech, Penny, ImGonnaBeSick, BillyBob where’s the outrage? It’s okay, you can even fake it. I’m just confused here and it would help my poor broken brain understand the world. Please have mercy. If I didn’t know better, I’d say this is just typical conservative ducking when contrary evidence is revealed.

Oh, and BillyBob, since you stepped in and while I have you. My fiance occasionally asks about that “weird guy from the right-wing blog who wants to date you”. That’s you pal!

#138 SoggyShorts on 10.06.21 at 2:44 am

#111 Luck of the draw on 10.05.21 at 9:10 pm
So you’re an anti-vaxxer on a cross-country tour during a pandemic? Nice, can’t wait for the next round or restrictions and lockdowns, thanks for doing your part.
/s

P.S. DIAF, pls

#139 Sail Away on 10.06.21 at 6:04 am

#101 Faron on 10.05.21 at 8:33 pm

And, despite your annoying persistence in making statements about my mental health (double standard CF Sail Away’s response to claims about his MH)

——

Why invoke me? You can’t keep up with all your new mortal enemies.

Nutbar.

#140 Stone on 10.06.21 at 6:16 am

#110 Trojan House on 10.05.21 at 9:09 pm
#62 Stone on 10.05.21 at 5:29 pm

It’s funny how the petty tyrants come out when it’s safe to do so. The only loser on here is you and you prove that every time you make a comment.

One day, it will be you in the minority and let’s see how you like it.

Oh, I hear Communist China is providing one way, first class tickets. You may want to get yours.

———

https://www.youtube.com/watch?v=9jK-NcRmVcw

Bye bye

#141 ImGonnaBeSick on 10.06.21 at 7:26 am

Ok.. I’ll bite and try to explain;

1. You’ve asked to be placed at a higher standard
2. You feigned ignorance to your comment
3. A person external to your rage said he found it personally insulting
4. Prior to your 6 day temper tantrum, this was not known
5. The fact that you continue to bring it up and highlight it is bad-taste and completely without class
6. A passing comment can be forgivable, continuing to hammer at something once you’ve been asked to stop is not
7. No one likes you

Your selective memory forgets that I ignored your comment completely. I knew what you were trying to do. But jeez man, you keep digging this hole, and whomever said that this comment is your downfall, was bang on. I hope your “fiance” (iS sHe FrOm “CaNAda”?) the absolute best of luck. Your obsessive behaviour is on full display ol’ chap. Hopefully she doesn’t wake up one day to you wearing her skin…

#142 crowdedelevatorfartz on 10.06.21 at 8:17 am

@#118 Faron’s furiously flailing fingers
“As to numerous conflicts: I call out crap. The comments section is loaded with crap. ”

+++

Yes, yes it is……place a mirror above the monitor.

#143 IHCTD9 on 10.06.21 at 8:19 am

#132 DON on 10.05.21 at 11:50 pm
Alright guys…break it up.

Agree to not reply to one another EVER again. For the love of dog.

We all agreed to clean up the comments section so Garth doesn’t have to read all the drama. Let’s keep things constructive.
____

Agreed – ass-clownery is well exceeding reasonable limits today…

#144 crowdedelevatorfartz on 10.06.21 at 8:32 am

Move over Boomers.

We now have the newest rich, greedy cohort to blame for their crass consumerism.

https://nationalpost.com/news/economy/gen-x-leaves-baby-boomers-in-the-dust-with-50-wealth-jump-during-pandemic/wcm/fb475b77-883d-42da-ac10-9c06c2cb7800

Lazy Millenials take note….you’re next in the blame game….

#145 Dharma Bum on 10.06.21 at 9:05 am

Ontario had 400 odd cases of COVID the other day. Something like 80 percent of those were unvaccinated.

Why are these tiny numbers even being reported?

Insignificant.

COVID’s OVER, Rover.

#146 IHCTD9 on 10.06.21 at 9:06 am

#109 Michael in-north-york on 10.05.21 at 9:05 pm
#23 IHCTD9 on 10.05.21 at 3:28 pm

I for one, am firmly in the “nope” camp when it comes to selling out. If I did, I’d have to join the stupidity trying to get another place.
===

Yep, same thought. It is probably a great time to sell if you want out of RE anyway, and a good idea to wait out if you want to get into RE.

But selling the place you already have, and then trying to buy a cheaper one, or waiting for the eventual RE crash .. not worth it. Sales commissions and moving costs are money lost forever. And the crash might not happen during our lifetimes, or it could take the form of a mild and slow correction with no dramatic effects.
________

The biggest thing is I’ve become disgusted with RE in general. I could monkey-branch to a new place easy enough because we got a free ride up. But, I look at what’s for sale – and the prices, and I’m clicking on outta there in under a minute.

Just forget it, I already have a perfectly good place. When I get too old to keep up with the maintenance, I can just hire it out. Downsizing is too expensive.

#147 ImGonnaBeSick on 10.06.21 at 9:09 am

#143 IHCTD9 on 10.06.21 at 8:19 am
#132 DON on 10.05.21 at 11:50 pm

100% agree with both comments. I’ll stop going forward. The whataboutism pulled me back in. Apologies to all who’ve had to endure this nonsense.

#148 Trojan House on 10.06.21 at 9:18 am

#140 Stone on 10.06.21 at 6:16 am

Oooohhhh, you provided a Youtube link. I’m so scared.

Bye bye

#149 KLNR on 10.06.21 at 9:30 am

@#129 Penny Henny on 10.05.21 at 11:20 pm
#93 Faron on 10.05.21 at 7:52 pm
#77 Penny Henny on 10.05.21 at 7:14 pm

You are adrift. I’ll spell it out for you:

I insulted you and ImGonnaBeSick with the short bus comment. There was broad outrage from you (I believe) and others including Millmech.
//////

Please show me ANY retort from ME about your ‘short bus’ comment. ANY,

Otherwise apologize and going forward stop making stuff up. You are a sick person, get some help, I have no time for you.

now now, children.

#150 RE_Investor on 10.06.21 at 9:33 am

Price doesn’t matter.
Positive cash flow will always be KING!
So think about how much monthly cash flow enters your accounts.
Don’t worry about the value of your investment holdings.
Sure your 60/40 holds up, but you’re not going to sell it, and your cash flow is the same + a % yearly increase.
Same with Rental income. It’s always the same + what the govt allows annually.

As long as you have +ve cash flow, you can concentrate on what really matters in life.
Looking after your family! The rest is noise you can ignore cause it really doesn’t matter.

The issue is negative cash flow, which is a reality for most RE investors today. Not such a brilliant idea. – Garth

#151 Sara on 10.06.21 at 9:36 am

Faron, give it up. Don’t waste any more of your precious time trying to convince the ingrates they are ingrates. Will never happen. The flying monkeys won’t stop attacking no matter how well you explain their hypocrisies – just riles them up more. Rest assured it is not true that “no one likes you”(ImGonnaBeSick). You are a wise, good person which probably makes the EQ challenged envious on some level. Take care.

#152 Sara on 10.06.21 at 9:45 am

DELETED

#153 IHCTD9 on 10.06.21 at 9:50 am

#144 crowdedelevatorfartz on 10.06.21 at 8:32 am
Move over Boomers.

We now have the newest rich, greedy cohort to blame for their crass consumerism.

https://nationalpost.com/news/economy/gen-x-leaves-baby-boomers-in-the-dust-with-50-wealth-jump-during-pandemic/wcm/fb475b77-883d-42da-ac10-9c06c2cb7800

Lazy Millenials take note….you’re next in the blame game….
____

Ah, Gen-X was lucky, timing was everything. Early Mils will reap the same rewards too provided they bought RE and invested in the markets right off the blocks.

Now in post-Trudeau Canada, the differences will become even more stark. No hard/financial assets means mid-Mil’s on down need to be 1%’ers to even entertain the possibility of doing the same. CV and Trudeau’s non-housing policies have removed thriving in small-town Canada as an option too.

Going forward what have we got? More of the same house price pumping fiscal policy from Ottawa that will push the average SFD in big metros north of 2 Mil, and rural homesteads over 1 Mil.

Some Mils have come to realize their lefty voting habits have given rise to policies which have destroyed their prospects here in Canada. I expect this will not change their thinking one iota – probably reinforce it actually.

Therefore, soon you’ll have to move into the boreal forest to find an affordable house in Canada. Gen Z will be interesting to watch as we get to mid-Gen. I doubt they’ll spend much time pining for RE at the point where a slouching trapper’s cabin obscured by jack-pine and with Caribou turds on the front lawn – costs 750K.

#154 robert james on 10.06.21 at 10:05 am

Central Okanagan benchmark price drops for first time in 13 months ..https://www.castanet.net/news/Kelowna/347712/Central-Okanagan-benchmark-price-drops-for-first-time-in-13-months

#155 Faron on 10.06.21 at 10:11 am

#141 ImGonnaBeSick on 10.06.21 at 7:26 am

Long 30 seconds, eh?

#139 Sail Away on 10.06.21 at 6:04 am
#101 Faron on 10.05.21 at 8:33 pm

Why invoke me

You are smart enough to know why.

#143 IHCTD9 on 10.06.21 at 8:19 am
#132 DON on 10.05.21 at 11:50 pm

Agreed. It’s been grand. However, I will respond if any of this cast of character mentions me. And if I see Foron or any other childish references I will larch back on like a lamprey.

#156 Faron on 10.06.21 at 10:23 am

#142 crowdedelevatorfartz on 10.06.21 at 8:17 am

Stay out of it. At least be aware that the bystanders piling in is big part of this.

#157 Quintilian on 10.06.21 at 10:25 am

#72 “NUTS”
“Even if a small correction comes along, the advances are so far beyond reality that it will hardly put a dent in the market. Who would have ever thunk prices would reach these dizzying heights, even with a global pandemic!!”

It’s called a housing bubble. Yes, it’s a real thing.
The reason the bubble hasn’t burst yet is that the membrane is reinforced with layers of government tinkering.

(Central Planning never works out).

The patches will eventually come unglued. And it won’t be “a small correction”.

#158 Faron on 10.06.21 at 10:31 am

DELETED

#159 Faron on 10.06.21 at 10:33 am

#151 Sara on 10.06.21 at 9:36 am

Thanks.

#160 Sara on 10.06.21 at 10:33 am

#152 Sara on 10.06.21 at 9:45 am
DELETED

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

Multiple commenters are permitted to gang up on one commenter, yet a one worded comment – slang term, not a curse – directed towards one of the attackers, gets deleted.

Ugly words get punted. Learn to trash people with a better vocabulary. – Garth

#161 Sara on 10.06.21 at 10:41 am

Sorry Garth, I shouldn’t complain when my comments are deleted (happens very rarely anyway), I just hate seeing people getting bullied which is what happens to Faron on a regular basis here. No one deserves that and sometimes it leads to outcomes that are not just emotionally but physically harmful to the one being bullied.

Also, I apologize for contributing to the many off-topic discussions that continually happen here and will try to stay on topic (mostly) in future.

#162 Faron on 10.06.21 at 10:45 am

#153 IHCTD9 on 10.06.21 at 9:50 am

Ah, Gen-X was lucky, timing was everything

Indeed. I was late getting in partly because I was earning grad student wages (about $12k annual; clearly not in it for the $$$) well into my 30s. Secondly because I’ve lived in expensive RE markets basically my whole adfult life.

My millennial brother went right into a trade and got ahead of the curve partly enabled by low RE in an overlooked part of Oregon after the GFC. Best part is he went to school for engineering later, but with a nice cushion underneath. Not easy, but he nailed it.

#163 Woke up this morning... on 10.06.21 at 10:51 am

#160 Sara on 10.06.21 at 10:33 am
#152 Sara on 10.06.21 at 9:45 am
DELETED

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

Multiple commenters are permitted to gang up on one commenter, yet a one worded comment – slang term, not a curse – directed towards one of the attackers, gets deleted.

Ugly words get punted. Learn to trash people with a better vocabulary. – Garth

———-

What is happening here on GF?

Has the algorithm figured out that venom drives clicks and engagement?

#164 Shawn Allen on 10.06.21 at 10:58 am

Offshore Accounts?

If it’s in a financial center like London or some other big city and it’s under your own name that sounmds fine.

If it’s in a known tax haven and designed to hide your name, I’m going to assume it is tax evasion or something worse like stolen money. See them in court to prove their innocence.

Why did most of Canada’s big banks get rid of their Caribbean subsidiaries? Perhaps becasue they knew something smelled bad there. RBC has reduced also references to Luxemburg and channel islands in their annual report – same reason I suspect.

#165 Nonplused on 10.06.21 at 11:04 am

#65 SoggyShorts on 10.05.21 at 5:33 pm
#50 Nonplused on 10.05.21 at 4:32 pm
#19 Dave on 10.05.21 at 3:16 pm
I can’t speak to the Republican party as a whole, but Trump has never been anti-vax.
********************
Anyone who has an influence as massive as Trump’s and doesn’t strongly come out FOR vaccines is automatically against them.

Or put another way he could have influenced millions of Americans and single-handedly increased the vaccination rate if he chose to. He did not. That, in my books, is an anti-vax move.

Yes, I know he half-assed recommended them in March, but since then he has repeatedly done active harm with statements like:
“People are refusing to take the Vaccine because they don’t trust his Administration, they don’t trust the Election results, and they certainly don’t trust the Fake News, which is refusing to tell the Truth.”

——————————————–

I don’t know what more he could have done. He was singing the vax praise before the vax was even ready. He’s taken now to encouraging people to get vaxxed at his rallies, although he is careful not to step on the “freedom choice” people.

I recommend the book “Loserthink” by Scott Adams. There are more in-depth books on the subject but Adams does a good job keeping it simple, entertaining, and current.

Fact is you hate Trump, as many people rightly do. But that hatred means that the man can not do anything right in your opinion. If he saved a baby from a burning building the headline would be “Trump threatens first responders with unemployment”.

Fact: Trump is not anti-vax, and never was. If anything he was/is a big supporter.
Also fact: If you can’t admit that, you haven’t got a very good grip on the facts.
Also fact: Biden and Pelosi were not supporters of the vax while it was Trump’s vax. Now they are. Big surprise.

Anyway enough supporting Trump. Garth hates it when I do that even if it is just to observe the facts. There are plenty of reasons to hate Trump, and it will be nice when DeSantis takes the reins for 2024 (prediction on my part), but it turns out Trump got a few things right. The vax for one. The boarder. Ok, maybe only two.

Anyway my whole point for today is to look at how far what people think can wander from observable fact. You can search the whole transcript and you will never find Trump even once dissing the vax and many times where he supported it, yet people are carrying the “anit-vax” label around in their minds and applying it to him. It is not true. It is Loserthink.

#166 Nonplused on 10.06.21 at 11:12 am

#67 Squire on 10.05.21 at 5:44 pm
#6 Jesse on 10.05.21 at 2:43 pm
Well, Justin Trudeau’s Censoring the internet, he told the masses he would do this on the campaign trail (Bill C-10) and we voted him back in.

Canada will be adopting Chinese style internet censorship (most comments here will be removed lol). I’m convinced Canadians are the dumbest voters on the planet.
————
I agree. Canadians are very selfish voters and not interest in what is best for the country. Only for their own selfish reasons. We get what we deserve, sadly.
All the deaths in WW1/II appear to be in vain.

————————————

Unfortunately the voters are not very good at deciding what is best for the country. Heck it is hard to find a politician who can, and when we do get one who might have some idea like Harper everybody hates him and slams the door on him as he leaves.

The best hope we have is that if everyone votes in their own interest the average of that will come somewhere close to being what is best for us collectively. It is the same sort of way that economics is thought to work. But as with economics, as soon as someone who hasn’t got skin in the game starts deciding what’s best for other people the whole thing heads down a slippery slope towards dystopia.

The fact is you can’t know what is best for other people. You should stop trying.

#167 Dr V on 10.06.21 at 11:14 am

Markets up yesterday, down again today.

Back to our regularly scheduled blog skirmish…..

#168 MBA101 on 10.06.21 at 11:35 am

Your poll answer was a bit leading and included multiple answers in one, no? Do you intend to return to the workplace AS REQUESTED? Surely some of those people who responded yes will be going back “as requested” but that doesn’t mean they miss the office or prefer work from work.

#169 Gen Z on 10.06.21 at 11:57 am

I dunno about you, but that Boomer who told me to buy near-expired food for a pink tag discount bought every single pink tag item at my grocery store. Inflation!

#170 yvr_lurker on 10.06.21 at 12:00 pm

Another upstanding citizen whose dubious offshore dealings (from which he has faced multiple charges and an upaid bill due to tax evasion) that has now been revealed to the public through the Pandora data.

https://www.cbc.ca/news/business/pandora-papers-offshore-account-firoz-patel-1.6195548

A small excerpt reads:

“Court documents from Quebec obtained by The Toronto Star show a judge ruled in 2017 that Patel had “systematically neglected” to declare his real income. That was the same year Patel flew to the UAE to set up his offshore corporation.

“The sums at stake are so considerable that these omissions can only be part of a planned process with a sole objective, namely to try to avoid the tax obligations imposed by the law,” Court of Quebec Judge Gilles Lareau wrote.”

Go to jail, and do not pass go. Begs the question how many more of these characters are out there and will be uncovered with detailed financial forensics of Pandora. Gov’ts need to come down hard on these shady characters.

#171 Best Wishes on 10.06.21 at 12:01 pm

Trudeau still dancing around on Huawei while every other G7 country has decided against allowing CCP controlled Huawei to spy on the Five Eye network. I will guess that if Trudeau folds to CCP pressure Canada will lose all communication with western civilization. So far, it’s not looking good for Canada.

What do Facebook and Huawei have in common? They both have the ability to create havoc . BTW, that’s no good. US Senate hearings are talking breaking up FB monopoly. That’s a good thing. And that’s exactly why Huawei has no place in Canada. Why is Trudeau bending over backwards to play patty-cakes with the dangerous Chinese dictatorship? Why is Trudeau even playing with Canadian security by making our G7 partners wait?

#172 Wrk.dover on 10.06.21 at 12:06 pm

#164 Shawn Allen on 10.06.21 at 10:58 am
Offshore Accounts?

Why did most of Canada’s big banks get rid of their Caribbean subsidiaries? Perhaps becasue they knew something smelled bad there. RBC has reduced also references to Luxemburg and channel islands in their annual report – same reason I suspect.
_____________________________

In the past, there was no easy credit in Jamaica. Six months before lockdown, the employee parking lots at resorts were suddenly grossly undersized.

Maybe searching for more peeps to put in penury down there was a failure, since tourism has tanked.

Other than that guess, Bank of NS has operated in the Caribbean longer than Canada has been a country, quite possibly.

#173 Ponzius Pilatus on 10.06.21 at 12:08 pm

133 David Prokop on 10.05.21 at 11:51 pm
I don’t think I can fight my wife any longer, she’s house horny and has a severe case of FOMO, wants us to buy a rental property. Friend bought a brand new 2 bdr stacked townhouse in Mississauga 6 months ago for $749k which now could sell for $825k. I think it’s insane, but right now I’m the one looking stupid
—————————-
Coulda, shoulda, woulda!
“Could” sell for 825k?
Even if they would get that much, they’d first would have to sell, with all the costs involved.
Also, they just spent a bundle on purchasing costs, so my guess is they’d just break even, at best.
And, with a flipper tax on the horizon, you’d be in a hole that would take years to dig out of.
Be strong, my friend.
You’ll be the one who will look smart in the long run.

#174 Wrk.dover on 10.06.21 at 12:11 pm

Wiki says B of NS in Kingston Ja. since 1889.

Close enough for horseshoes.

#175 Ponzius Pilatus on 10.06.21 at 12:12 pm

#157 Quintilian
Hey Quinty,
You’re the resident Ethics Professor here.
What’s your take on the Pandora Box controversy?

#176 NoName on 10.06.21 at 12:26 pm

To put some sense in some commenters here is mission impposible, meanwhile we can watch and enjoy this.

https://www.youtube.com/watch?v=cT84EATD7DQ

#177 IHCTD9 on 10.06.21 at 12:29 pm

#147 ImGonnaBeSick on 10.06.21 at 9:09 am
#143 IHCTD9 on 10.06.21 at 8:19 am
#132 DON on 10.05.21 at 11:50 pm

100% agree with both comments. I’ll stop going forward. The whataboutism pulled me back in. Apologies to all who’ve had to endure this nonsense.
_____

“Positive reinforcement”

If someone is acting like an @ssh0le – scroll them. If they’re being well behaved – engage them.

Works with Dogs, Cats and peoplekind.

#178 James on 10.06.21 at 12:59 pm

#171 Best Wishes on 10.06.21 at 12:01 pm

Trudeau still dancing around on Huawei while every other G7 country has decided against allowing CCP controlled Huawei to spy on the Five Eye network. I will guess that if Trudeau folds to CCP pressure Canada will lose all communication with western civilization. So far, it’s not looking good for Canada.

What do Facebook and Huawei have in common? They both have the ability to create havoc . BTW, that’s no good. US Senate hearings are talking breaking up FB monopoly. That’s a good thing. And that’s exactly why Huawei has no place in Canada. Why is Trudeau bending over backwards to play patty-cakes with the dangerous Chinese dictatorship? Why is Trudeau even playing with Canadian security by making our G7 partners wait?
___________________________________________
Because he is an incompetent putz?

#179 James on 10.06.21 at 1:05 pm

#177 IHCTD9 on 10.06.21 at 12:29 pm

#147 ImGonnaBeSick on 10.06.21 at 9:09 am
#143 IHCTD9 on 10.06.21 at 8:19 am
#132 DON on 10.05.21 at 11:50 pm

100% agree with both comments. I’ll stop going forward. The whataboutism pulled me back in. Apologies to all who’ve had to endure this nonsense.
_____

“Positive reinforcement”

If someone is acting like an @ssh0le – scroll them. If they’re being well behaved – engage them.

Works with Dogs, Cats and peoplekind.
__________________________________________
Another apology from Captain Apology. He didn’t explain why his agenda stated he was to be in meetings in Ottawa. Now that just a downright lie. Why do the people of this country continue to believe his bullshit and lies? I am ashamed to say that Canadians are dumb as a doorknob. I though Americans were dumb to follow Trump now I get it the whole continent is screwed.

https://www.ctvnews.ca/politics/i-regret-it-trudeau-says-of-tofino-vacation-on-national-day-for-truth-and-reconciliation-1.5613172

#180 Ponzius Pilatus on 10.06.21 at 1:34 pm

174 Wrk.dover on 10.06.21 at 12:11 pm
Wiki says B of NS in Kingston Ja. since 1889.

Close enough for horseshoes.
———————-
“You’re richer than you think”
The Jamaicans should sue them for false advertising.

#181 Quintilian on 10.06.21 at 1:43 pm

#157 Quintilian
Hey Quinty,
You’re the resident Ethics Professor here.
What’s your take on the Pandora Box controversy?:

Matthew 7:3

Canadian Banking system is more sophisticated, but it is corrupted nonetheless.

#182 crowdedelevatorfartz on 10.06.21 at 1:52 pm

@#156 Faron
“Stay out of it.”

+++

Merely pointing out what is painfully obvious to everyone else except you and your fan club of …….one.

#183 Oakville Rocks! on 10.06.21 at 2:10 pm

@#50 NonPlused

Given your history here the most generous reading of your post is that it is satire.
Otherwise you come off as a completely clueless hypocrite.

How can you list the “whoppers” that people have tried to foist upon the comments section and completely omit your own?
From November into early January you were tireless in your nonsense about a “stolen election”.
We had to read about the Dominion voting machine conspiracy, the Benford’s law nonsense and the coming soon Kraken of all proofs.

I hope you have been keeping up with the lawsuits by Dominion & Eric Coomer because they are enlightening and perhaps a little embarrassing for you.

Cheese & crackers man, take this sentence of yours
“Things have gotten so bad that it may be up to 50% of what the MSM reports is an outright falsehood. But the people are not equipped to discern and swallow it hook, line, and sinker”
and rewrite it as Things have gotten so bad that it may be up to 50% of what TRUMP/Giuliani/Powell SAYS is an outright falsehood. But NONPLUSED is not equipped to discern and swallows it hook, line, and sinker.
and you perfectly describe your many postings on the “stolen election”.

And even this latest post is more nonsense from you.

I ask you to find a source that shows Biden or Pelosi were against the vax.
Here is what we know, Biden 1st dose Dec 2020 with pics and videos and Biden urging people to get the vax as soon as it is offered
Pelosi Vaxxed along with McConnell, Dec 2020 with pics and video and urging people to get vaccinated
Kamala Harris vaxxed Dec 2020 with pics and video.

Donald Trump – first reported in March 2021 that he was vaxxed before leaving the Whitehouse in January 2021.
Please find me a pic of this or where he urged his supporters to get the vax on the day he got it.

As far as Op WarpSpeed – yes this was a Trump administration success. Find me one example of a CEO of Pfizer or Moderna thanking Trump for his contribution to the development of the vax.
Here is what Alex Azar said about Operation Warpspeed:
https://www.nytimes.com/2021/08/03/opinion/covid-vaccine-safety.html
Notice how many times he mentions or thanks Trump – once or twice and only by referring to the Trump Administration.
Also note this paragraph:
“But we did not predict the politicization of vaccines that has led so many Republicans to hold back. As of mid-July, 43 percent of Republicans said that they have not been vaccinated and definitely or probably wouldn’t be, versus 10 percent of Democrats, according to a poll from The Associated Press-NORC Center for Public Affairs Research. I’m glad former President Donald Trump got vaccinated, but it would have been even better for him to have done so on national television so that his supporters could see how much trust and confidence he has in what is arguably one of his greatest accomplishments.”

Interesting. Why did DJT not make public that he got the vax in January? Why are there no pictures and no news conference of the event with DJT urging his supporters to get vaxxed?

Lastly, the vax is of no use until someone takes it. Trump did little to assist with this and it was not until Biden arrived that vax administration numbers jumped. In fact Trump was too busy whining about the stolen election in December and January to act as President and encourage all Americans to get the coming vaccine.

Cheese & crackers man, your love of all things Trump continues to discredit you.

#184 Sara on 10.06.21 at 2:12 pm

#182 crowdedelevatorfartz on 10.06.21 at 1:52 pm
@#156 Faron
“Stay out of it.”

+++

Merely pointing out what is painfully obvious to everyone else except you and your fan club of …….one.

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

Bullying kills. Please stop.

#185 Patrick on 10.07.21 at 10:24 pm

As much as you, and others, try to convey this message, far too many people are there are stubborn, and refuse to believe this, because you know…”this time it’s different”.
I’ve come to believe that things need to get bad before they get better, which has too often been the case throughout human history (reactive vs proactive). One thing is for sure though; the bigger the bubble gets, the better the mess is going to be. This will be the true tragedy of failed monetary and legislative policies here in Canada.