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ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

Garth Turner

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A best-selling Canadian author of 14 books on economic trends, real estate, the financial crisis, personal finance strategies, taxation and politics. Nationally-known speaker and lecturer on macroeconomics, the housing market and investment techniques. He is a licensed Investment Advisor with a fee-based, no-commission Toronto-based practice serving clients across Canada.

January 26th, 2021 | The Homewreckers

The Greater Fool - “Never,” says Sam, “did I think this would happen.” He’s been a car guy for years. These days he flogs used vehicles at a big Toyota dealership in the stormy heart of Mississauga, the city-burb of Toronto with a population of about 800,000. And lately, not much traffic. “Normally a Corolla flies off this lot […]

January 25th, 2021 | Hey Snowflakes…

The Greater Fool - In researching the latest dance moves on TikTok (did you realize Michael Jackson is back?) over the weekend, a poignant vid popped up. A twentysomething girl stared into her iPhone and asked wrinklies, paleos and half-dead Boomers to share their stories about bygone hard times. Things seem so scary and uncertain, she said. Was it […]

January 24th, 2021 | The Target

The Greater Fool - My great-grandfather, Ebenezer Vining Bodwell, seems like a cool dude. He went to Ottawa as an MP in Canada’s first Parliament (1867). Later he ran Ontario’s Welland Canal and afterwards took over the books of the Canadian Pacific Railroad. That eventually led him to Vancouver in 1887 (a year after the city was incorporated), where […]

January 22nd, 2021 | The Frenzy

The Greater Fool - The pound poll, results posted here yesterday, had a sample size over 5,000. Rarely do surveys in Canada query that many people. Of course, none of you were randomly selected, since that would be far too frightening. But, still, it’s a mess of folks. And the numbers confirm suspicions this blog has held for a […]

January 21st, 2021 | All About You

The Greater Fool - Looks like the typical blog dog is a 40ish-something professional earning above-average income who’s pro-vax and upon whom the slimy little pathogen has showered a heap of new net worth. Students don’t come here. Retirees are relatively scarce. And a majority  scurried home when the virus arrived, then made their dogs deliriously happy by staying […]

January 20th, 2021 | Tale of Two

The Greater Fool - It’s been an economic crisis like no other. For the first time in a century we locked down whole cities. Provinces, even. Travel restrictions. Bars, eateries, hair salons, gyms, arenas, shops, theatres all shut. Never in our lifetimes have the streets been full of people in masks or has transit ridership plunged 90%. Entertainment, tourism […]

January 19th, 2021 | The Impossible

The Greater Fool - Recall that poll noted here yesterday showing 65% of Canadians are unconcerned about interest rates? They don’t care because they think the cost of money cannot rise. Ever. And the steerage section agrees. The belief that mortgages at just 1.5% (the lowest in history) will endure seems almost universal. And the arguments are consistent: (a) […]

January 18th, 2021 | The Infected

The Greater Fool - John says he started worrying after his buddy picked up one of those irritating snowmobile-on-water things that had been purchased back in November. At that time the dealership said it had already chewed through a third of its 2021 inventory. “I’m in the market for a new boat myself,” he tells me, “so after hearing […]

January 15th, 2021 | Pay Up

The Greater Fool - Insane. It’s the word du jour. This aptly describes real estate in cities like Toronto, Vancouver, Victoria and all of the bubbly burbs and hot hick towns in their watersheds. Prices are insane. Buyers are insane. Bidding wars insane. And, of course, mortgage rates are pure insanity. As central banks have moved to save us […]

January 14th, 2021 | Oh Boy

The Greater Fool - Deep in the concrete wilds of north-central Mississauga, on a street with towering 8-foot-high trees, driveways teeming with minivans and endless vistas of same-brick mass-built houses, she sits. This attached rowhouse (20 feet wide) was listed recently for $785,000 – slightly under market (the previous high on the street being a few weeks ago – […]

January 13th, 2021 | Tough Love

The Greater Fool - Ontario’s conflicted premier locked down the province this week. Well, sort of. Public health skeptics say little has been done to change people’s behaviours and, after all, Costco and Wal-Mart are still open. The subway’s still running. Maskless families are still jamming up the parks. And, yup, the infections are still rising, in the LTC […]

January 8th, 2021 | Assumptions

The Greater Fool - House sales in Calgary jumped 40% last month. Yeah, Calgary. This comes while GTA deals surged 65% with more than a 50% real estate bump in Comrade Premier Horgan’s YVR. This is significant. Not good, just pivotal. Scores of Canadian families are busy shovelling even more of their net worth into a single assets, and […]

January 6th, 2021 | Deal with It

The Greater Fool - Remember how a certain pathetic blog told you a month or two ago that big-city condos, germy, unloved and forlorn, were maybe a deal? Well, guess what? In the autumn there were 14 units available in a prime low-rise building in the very heart of Toronto’s financial district. Most were one-bedders listed by owners/landlords who […]

January 5th, 2021 | El Predicto

The Greater Fool - Covid 2.0. Trump. Lockdowns. Proud Boys. Vax cock-up. * Sigh* And here we thought 2021 would be so… different. Wiggly and joylessly benign like a new pup. Instead we’re getting a wizened cur with hunks of red torso hanging from its chops. But wait. The year’s only a few days old. Let’s have faith that […]

January 4th, 2021 | The Little Big Deal

The Greater Fool - Unless we completely fall off a cliff (not happening), stuff will be worth a lot more in twenty of thirty years. In the course of those decades it’s a sure thing Canadians will face a bunch more tax, since the legacy of Covid & Mr. Socks will be long-lasting, and ugly. Meanwhile life just gets […]

January 3rd, 2021 | The Forecast

The Greater Fool - Whap! This new year starts with an abrupt knock to the side of the head. Oh yeah, it’ll be a better twelve months than the last dozen. But 2021 will not be calm. Here are some of the things that you should prepare for, or at least watch in bemusement… The first week of the […]

January 1st, 2021 | The Plan

The Greater Fool - New Year ’s Day. The old calendar is trashed. Nobody will regret seeing the butt-end of 2020. But wait. How did the worst year in a generation (or two) treat investors? What’s the score coming out of this satanic mess of a dumpster fire annum? As you know, 2020 started off all shiny and hopeful, […]

December 31st, 2020 | HNY

The Greater Fool - In twenty-twenty this pathetic blog posted 364 columns (missed one last week – suck it up) containing about over 290,000 words, of which far too many were ‘Covid’, ‘virus’, ‘pathogen’, or ‘pandemic’. There are now 703,200 comments published here. Four irritating posters were banned, one was suspended pending a note from his mom while anti-maskers […]

December 30th, 2020 | Of Lust and Virus

The Greater Fool - Call him Jake. Seems he lives in BC. On the island, maybe. Perhaps you noticed the comment that he left here yesterday: Just wanted to say I collected CERB. I’m not proud of it but it was necessary. I also deferred my mortgage for 6 months back in April. I renewed my mortgage 2 weeks […]

December 27th, 2020 | Homies

The Greater Fool - That’s Winston. He’s a border collie, raised, bred-in-the-bone and trained to herd sheep. But, of course, now he works from home. Via Zoom. Full pay, plus an employer-matched RRSP. It’s all good. And, like most workers under the age of 34 (Winston is four) he’s in no hurry to get back to the pasture and […]

December 24th, 2020 | Of Loss and Gain

The Greater Fool - An Internet sensation is the dating video of Satan and 2020. A perfect match. Nobody saw this coming back in the halcyon days of late twenty nineteen. We had no idea how long and deeply we’d be tested. The last time there was a global pandemic of this extent was a century ago. The last time financial […]

December 23rd, 2020 | Merry Vaxmas

The Greater Fool - Christmas Eve eve. We crave good news. So, here we go. It’s got a few names. Like, ‘vaccine lift.’ And ‘game-changer.’ Of course there’s the standard, ‘pent-up demand.’ The always-welcomed, ‘unleashed torrent’. And my new fav, ‘permanent reopening.’ This is the current econo-lingo being used to describe where we are, where we’re going. So even […]

December 22nd, 2020 | Going Wild

The Greater Fool - The slimy little pathogen has changed much. For those who have not actually been infected or punted from their job or business as a result, the next greatest impact is surely with real estate. Not just in Toronto. Or urban Lunenburg. Or Montreal and Vancouver, Barrie and Kelowna – but everywhere in North America. It’s […]

December 21st, 2020 | The Lockdown

The Greater Fool - No vax talk today. Promise. (But I will be checking your shoulders for wee pricks in the future. And watching for the little pricks, too.) But, sheesh, the virus stuff just gets worse. The UK is ostracized. Now Ontario’s going dark. All of it. The hospital dudes have been screaming for a circuit breaker, saying […]

December 20th, 2020 | The Choice

The Greater Fool - One stormy day last week this blog said getting the virus jab was a moral, ethical imperative for every citizen. Part of the social contract. The only doorway out of this economic and social mess. Responsible people therefore do not have a choice. You wince and take it. Predictably, a bunch of readers huffed off […]
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