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April 24, 2019 | The Tide

Yes, I know there are but 153,000 souls on that glorified sandbar called PEI. But suddenly it matters. The PMO’s freaking out again. There was an election this week. One of consequence. The ruling Liberal party was essentially wiped out, going from government to third spot. The sitting Lib premier lost his own seat. Islanders […]

April 23, 2019 | In Reverse

The news yesterday was that half of Canadians are two hundred bucks from monthly insolvency. But how does that square with a home ownership rate of 70.6%? Or eighty per cent for the disintegrating Boomers? How can people own real estate – which is so damned expensive – and be running out of money? Doesn’t […]

April 22, 2019 | Seeking Heroes

Ukraine has a new boss. He’s a comedian. The country borders a voracious nation-state that recently sent tanks to rip out a key piece of Ukraine territory. And who do voters elect to face up to steely Vladimir Putin? A guy who played the role of president on TV. Name recognition, yes. Experience, no. They […]

April 21, 2019 | Baby Bucks

Swimming in hormones, Jimmy opened the door to a knock. On the stoop was a trustworthy-looking guy with a briefcase. Twenty minutes later Jim and his wife owned not only a brand new baby, but an RESP. The wrong kind. The baby vultures sometimes hang around maternity wards. They read the birth notices. They follow […]

April 19, 2019 | Gen Wars

A moister meme is that every gen which came before had it easier. Especially with real estate. You might have noticed in the last day or so comments like this back in the steerage section: Two generations ago people with no college degree, stay at home spouse could have 3 kids, afford a house and […]

April 18, 2019 | Laying an Egg

Easter. Woo-hoo. Bunnies. Crocci. Chicks. Grass. Eggs. And, of course, house-horny moisters. Millions of them. Now in their early twenties to mid-thirties, Millennials make up almost a third of the entire population – 10.1 million of the little peckers. As the Boomers turn into wrinklies, enter their Thirsty Underwear Years and make funeral homes happy, […]

April 17, 2019 | You What?

To earn 3% these days on an investment that carries zero risk, you have to take a lot of risk. That’s the princely sum paid on a five-year Guaranteed Investment Certificate (GIC) from a well-known, top-of-mind, brand-name outfit like Oaken Financial or Maxa Financial. And this may be the first risk: who the heck are […]

April 16, 2019 | The Stress Mess

Once the smoke clears over Edmonton and Calgary it should be evident to the T2 gang that they’re in trouble. Deplorables running Owetario and the oilfields. Four provinces suing over the carbon grab. Jody and Jane refusing to shut up and go away, like proper ladies. Worrisome poll numbers, even out of the Maritmies where […]

April 15, 2019 | News

How are things going, you ask, during the height of the Spring housing mania? Well, as polling day dawns in Calgary it’s a mess. Sales year/year down again, prices have fallen and sellers are lonely. So far in 2019 there have been 8% fewer deals than last year (which was a disaster). Selling prices have […]

April 14, 2019 | The Choice

If polls mean anything, Tuesday night Premier Kenney will stand on a stage, rage into the mics and declare war on Ottawa. Albertans will be the latest group to throw the current bums out in favour of new ones. The Canadian tradition of voting against stuff (in this case, Notley, Trudeau, Quebec, BC, carbon taxes, […]

April 12, 2019 | Bliss

Spring. Hormones. Flowers. Rutting season. Running of the saps. Given the retreat of the snow and the coming of warmth – and the fact this blog has been dour and prickly of late – let’s rock. Herewith, a few things to send you into the weekend blissed, not pissed. No recession. Not even close. That […]

April 11, 2019 | Bad Planning

Jasmine and her husband pull in $250k and worry about money. Ironically, the more people earn (or have in net worth) the more they fret about financial stuff. There’s a lesson in there somewhere. Anyway, the Calgary house is worth $570,000 with $270,000 left on the mortgage, sub 3%. “We’re on track to pay that […]

April 10, 2019 | The Loser

Matt’s been a real estate agent for four years now. In one of those he sold no houses. Zero. Sadly, that was last year. “Poverty is supposed to be the thing you try to get through early on,” he says, “you kinda expect it then. Not after four years. This is a crisis in my […]

April 9, 2019 | The Reset

Remember the shared-equity mortgage? Sure ya do. That was the fetching little cherry sitting atop the last federal budget, designed to divert moister eyes from the T2 disaster unfolding down below. So, we have news about this. But first the other news. The bad stuff. Trudeau’s Lavalin nightmare isn’t getting any better and, in fact, […]

April 8, 2019 | Rigged

Three weeks to go. April the thirtieth. Pay your taxes. What a dandy time to reflect on the greatest economic event of our lives. The income gap (as opposed to the wealth gap). Yes, the pooch-infused GF household does okay. In 2018 I surrendered half what I earned to the government, still leaving enough for […]

April 7, 2019 | This Blog

Just who’s this blog for, anyway? Days ago I wrote a boring piece about how to use non-registered investment accounts (it’s hard to make them sexy), prompting a few comments in this vein: ‘who the hell has enough money to fill their RRSP or a TFSA, let alone use one of those?’ And from Vancouver […]

April 5, 2019 | The Other One

If you know everything, like most people who comment on this blog, don’t read this. Go watch BNN and listen to some wag in a bowtie lie to you. Now, for normal folks, it’s time for a simple reminder. The difference between registered and non-registered accounts, and why you need both. Way too many of […]

April 4, 2019 | Uppa, Uppa

Remember that angst about the inverted yield curve? Suddenly everyone was an expert on the bond market which, like The View, or manbuns, defies human comprehension. What did it mean? Apparently not what the rabble thought. Short-term rates have tipped above bond yields lots of times. It doesn’t always predict a recession a year later. Like now. Forget […]

April 3, 2019 | Pooched Update

The scene of a recent armed abduction of some Chinese dude from a swishy condo parking garage, Markham currently has about 100 houses for sale priced at over $2 million. These two things probably have nothing to do with each other, but it just goes to show you what an altered and entertaining place it […]

April 2, 2019 | The Spiral

You might recall reading this here three weeks ago: “March is projecting to come in 30% below the lowest month ever in recent history, more than 50% below the average, almost 35% below last year (a bad year) and 70% below the best month. The stats are coming in even worse than an average Jan […]

April 1, 2019 | The Shunning

On Wednesday two women with balls will be punted from the Trudeau Liberal caucus. And while this pathetic blog tries not to steer into the ditch of politics often (the Trump-loving deplorables taught me that), sometimes it’s best not to hush. Not when it’s happened to you. Being a populist and a blogger is dangerous […]

March 31, 2019 | The Bear Tax

April Fool’s, fellow beavs. Monday brings a fat little tax increase that most of us will be powerless to avoid. Unless you stop driving. Or flying. Or heating your house. Or taking hot baths. Showers. Or cooking your food. Or buying food, for that matter. In fact anything involving energy will cost more if you […]

March 29, 2019 | The Stretch

“Thought you might get a kick out of this Garth,” says Tom, in Toronto. “Condo pre-con at University/Dundas asking for over $1,750/sq.ft.  280 square foot studio closet for $500k. Ha!” It’s true, believe it or not. You, too, can live in a garden shed-sized concrete box in downtown Toronto for $489,900 plus closing costs, property […]

March 28, 2019 | So?

How much do you owe? Seriously. More than you make in a year? Or two? Is your net worth positive or negative? Have you ever thought about it? Most people don’t ask such questions. Now that the economy’s slowing, central banks have turned into kittens and a nervous government’s paying moisters to buy houses, it’s […]

March 27, 2019 | The Flop

It’s been a week since the federal budget. Remember that? Most people don’t. Too bad for T2, since this was the big channel-changing event to prepare for the federal election seven months from this week. The centrepiece was the CHMAP, of course. But it looks like the Canadian Horny Moister Assistance Plan is destined to […]

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