- the source for market opinions


January 18, 2021 | The Infected

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 15, 2021 | Pay Up

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 14, 2021 | Oh Boy

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 13, 2021 | Tough Love

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 8, 2021 | Assumptions

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 6, 2021 | Deal with It

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 5, 2021 | El Predicto

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 4, 2021 | The Little Big Deal

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 3, 2021 | The Forecast

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 1, 2021 | The Plan

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 31, 2020 | HNY

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 30, 2020 | Of Lust and Virus

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 27, 2020 | Homies

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 24, 2020 | Of Loss and Gain

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 23, 2020 | Merry Vaxmas

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 22, 2020 | Going Wild

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 21, 2020 | The Lockdown

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 20, 2020 | The Choice

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 […]

December 18, 2020 | The Whiff

Because the world has too few taxes, Toronto just created a new one. Like Van, there’ll soon be a vacancy tax, mostly affecting condos. The average unit which in local political minds is underutilized will attract $6,500 a year in tax, atop property tax of about $3,000. Plus condo fees averaging $6,000 a year. That’s […]

December 16, 2020 | Lock ‘er up?

Days ago a blog dog reported being mocked by buddies for considering a ten-year-long mortgage term. The obvious advice here was to get new friends. But wait. Does this make sense – now that a decade-long term is available for (wait for it)…1.99%? Hmmm. It merits some serious noodling. First, history has proven time and […]

December 15, 2020 | Squandered

Why, I asked him, are you calling it that? Actually he never answered me. That was consistent, because Jim Flaherty (I’m pretty sure) hated me. He was a Stephen Harper man. I was radical, populist, blogger MP with the heretical view that people should tell government what to do, not vice versa. It didn’t end […]

December 14, 2020 | Stress Buster

More hunks of the 905 went into lockdown this week. Windsor, too. Plus Calgary, Edmonton, most of Quebec. Germany on Wednesday. LA a few days ago. Westjet and Air Canada have chopped flights. Commuter rail traffic in Toronto is down over 90%. No Christmas this year. “Blame me,” said Manitoba premier Brian Pallister in a […]

December 13, 2020 | Enough Already

She made $5,000 last year baking cakes in her home. Covid hit. The wedding biz plopped. She applied for CERB to supplement household income (hubby kept his job). The cheques rolled in. After collecting $18,500 in dole a letter from the CRA arrived questioning her eligibility for assistance. Pay the money back, it said. By […]

December 10, 2020 | The Hoodies

Airbnb lost $700 million in the first nine months of this year on revenues of $2.5 billion. In real life you’d drag it behind the barn and shoot it. Same with DoorDash, the meals-delivery guys who last year burned $667 million on sales of $885 million. What a disaster. But this week when DoorDash stock […]

December 9, 2020 | The Fraud

The central bank won’t touch interest rates for a while. That was confirmed Wednesday. Meanwhile one lender has hacked its variable-rate to 0.99% while a major bank has four-year money at a buck forty-nine. Historic. And now we’ve got the vax. So, it’s the end of the beginning, if not the beginning of the end. […]

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