- the source for market opinions


June 18, 2018 | Higher Ground

Ontario Premier Doug, who drives an Escalade, says a first order of business when he takes over the Promised Land on June 29th will be to punt the cap-and-trade system. Brought in by the feisty, lefty Libs the regime put a price on carbon emissions in order to cut down on global warming and in […]

June 17, 2018 | The Mission

It’s possible I may have mentioned I lost my mind and ran for public office. Twice, 17 years apart. The first time stepping onto the floor of the House of Commons I was awestruck, compliant and relatively useless. The second I was blasé, defiant and on a mission. That, of course, led to disaster. At […]

June 15, 2018 | The Chill

Another one bites the dust. Blog dog Steve was not impressed when he logged on to HouseSigma and found the following notice: Based on the current Toronto Real Estate Board regulations, we are restricted from providing sold information to the general public. Effective June 15th, 2018, HouseSigma will only provide sold Information to customers who are working with our agents. Yep. Those […]

June 14, 2018 | Precious

Well, haters – alt-right devotees, idled realtors, mutual fund salesguys, Dippers and screwy Millennials – the following is for you. A nice letter has poured in from a guy named Dan who claims his challenging life was made better by this pathetic blog. Just what my fractured ego needs. Seems you’ve had a rough ride […]

June 13, 2018 | Could This Be It?

Besides legitimizing intolerance, objectifying women, praising dictators and dissing Mr. Socks, here’s another thing Trump fans can think their hero for – an escalation in the cost of money. On Wednesday the Fed grew a pair and joined the president in manspreading. American interest rates ticked higher. It was the second increase this year and […]

June 12, 2018 | Trumped

In a Bud Light-infused moment, it’s possible to see how an under-employed, bitter factory worker in Cleveland, Flint or Gary would support Donald J. Trump, New York billionaire with a personal air force living aside a trophy wife in a golden penthouse festooned with pictures of himself. After all, people now think in Tweets. Drain […]

June 11, 2018 | Into the Fire

Who needs Donald Trump sending T2 to a special place in knuckle-dragging, mouth-breathing, deplorable-heavy, concealed-weapon, MOGA, muscle-car, alt-right Hell? We’ve already found a few places that qualify nicely right here in erudite Canada. And after the weekend’s ridiculous G7 summit, beavers everywhere should be expecting more heat. Not the good kind. Trade wars bring lower […]

June 10, 2018 | Our Place in Hell

That little conflab in Quebec this week – the G7 – cost Canadian taxpayers $800 million. The federal government spent that staggering amount building a media centre, having wall-to-wall cops, compensating local businesses and even outfitting a temporary prison and courtrooms in case protestors (none showed up) got out of hand. Justin Trudeau was supposed […]

June 8, 2018 | Riding Right

No doubt now. Up she goes a month Monday. Interest rates rise again on Wednesday, July 11th, and Ontario’s new preem gets some of the credit. Government of Canada 5-year bonds jumped like an excited gland on the news of a Tory majority Thursday night. So did the dollar. Howcum? The financial markets think Doug […]

June 7, 2018 | Bring It On

Allison is 32, self-employed (runs a family plumbing supply company), single, drives a used Boxster (“my one folly”), owns a tiny bung and thinks she’s fearless. “I have a big tolerance for risk,” she says. “Besides, I’m young, never gonna have kids, own my job and day-to-day things don’t rattle me. So let’s roll the […]

June 6, 2018 | The Stress

When Hanny first reached out to me, 18 months ago, he was starting a website that would plot local real estate stats. Now it’s a fixture ( “I was going back through my old notes,” he said this week, “and saw that I first contacted you on January 5, 2017 with this chart (aka “peak […]

June 5, 2018 | Choices

Poor Abram. I read his note and felt the panic. I recently deposited 5% for a town house ($860,000) at the end of April. Stupid, I didn’t have subject to selling my condo first. I have until Aug 14, 2018 for closing date. I wasn’t looking to flip or anything just having a baby being […]

June 4, 2018 | The Conundrum

Is Dippernomics finally hitting the Left Coast housing market? Hmm, maybe. Ontario should take note. The NDP’s draconian anti-real estate measures have really not even taken effect yet, but the psychology certainly has. You don’t increase the tax load on homeowners by hundreds of millions a year and expect (a) no change in human behaviour […]

June 3, 2018 | Less Evil

This Thursday Ontario gets a new government. What a choice. It makes Trump-Clinton look good. Over the weekend the Liberals blew themselves up as premier Kathleen Wynne admitted she couldn’t win. It was a stunning, gutsy, moronic move by a politician who should know it’s not all about her. In a few sentences she cut […]

June 1, 2018 | Rentiers

When Peter and Cynthia sold the working farm west of Toronto to Tom, their kid and heir, they needed a place to stay while they planned the next move. Enter friend Peter, whose duplex in town was half empty. So P&C signed a one-year lease, and everyone got happy. Nine months later Pete took a […]

May 31, 2018 | The Draggers

Given next Thursday’s slugfest in Ontario, plus BC’s latest witch hunt, this blog post was supposed to tell you why landlords are about to be broiled on a spit. But, alas, events have overtaken things. Let’s save the weenie roast for tomorrow. So, how do you like the Trumpster now? The American president on Thursday […]

May 30, 2018 | The Warning

Interest rates will be rising in six weeks – the fourth increase in about a year. The cost of money will rise again after that, likely on October 24th. Don’t say you weren’t warned in advance. The prime rate will be 3.95% by Christmas. The benchmark qualifying rate for the mortgage stress test will be […]

May 29, 2018 | The Mess

If you ever wonder why bother with a balanced portfolio, Tuesday was a good study. Italy kinda blew up (it does that occasionally) raising fears the Eurozone is pooched, which tanked stocks, roiled the currency markets and ensured a new election there just three months after the last one. The result may not be pretty. […]

May 28, 2018 | Insatiable

Lost in the fog of taxes, ageism, generational warfare, eat-the-rich, house lust and moister-bashing is the reality of debt. If we should all worry about one thing (other than drowning polar bears and who the hell mows Kim Jung Un’s hair) it would be this. Debt accumulation has the potential to wreck families and governments. […]

May 27, 2018 | The Gap

Sunday afternoon. The uppity part of town. Two provincial politicians, opposites, face a daunting crowd to debate a polarizing issue. To wit – should some people pay extra tax because they own more, regardless of what they paid, or earn? In BC, and especially Vancouver’s Westside, this is burning issue of fairness. The people who […]

May 25, 2018 | The Unforgiven

Dave runs an independent real estate brokerage northwest of the Big Smoke. “More blog fodder for you to consider,” he wrote yesterday, “not that you are short on topics.” Got that right. “I just connected with someone looking to sell their assignment in Rockwood.  A bit worried at the prospect of owning 2 homes – […]

May 24, 2018 | They’re Coming

Trump punts Kim and tells the US military to “prepare.” Stocks sell off, bonds gain, yields fall as the Korean love-in fizzles. Trade war talk heats up again and even timid Canada gets into the act telling China it can’t buy construction giant Aecon. Washington gets all pissy saying it may impose a 25% tariff […]

May 23, 2018 | What Could Go Wrong?

Last year over 65% of the money the Big Maroon Bank with The Penguins made on all its retail operations came from – you guessed it – mortgages. But this spring there’s a been a deep, almost shocking, reversal. Listen to what Christina Kramer, head of CIBC’s retail banking, told analysts on a conference call […]

May 22, 2018 | Orange Crush

Will the Dippers take Ontario? Polls now say the NDP has a shot at winning in a couple of weeks. The so-called ‘Tory Tumble’ is stunning. Just like the way reigning Libs will be punted to the curb – unless people are lying to the pollsters. What does this mean? Why’s it happening? If the […]

May 21, 2018 | Stuff Happens

It’s not often this blog talks about my day job. For good reason. It’s not a commercial – so you don’t see any Google Adwords here or banners for mortgage floggers, banks, thirsty underwear manufacturers or robo advisors.  Over the last decade Canadians have trusted me with a lot of wealth and everybody accepted as […]

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