- the source for market opinions


January 27, 2020 | The Panic

She lived a couple of doors away in our townhouse complex in mid-town Toronto. One day yellow CAUTION tape went up around her front entrance facing the common courtyard. In the underground parking garage the guy living beside us had some information. “SARS,” he said. She was dead a week later. That was 2003, and […]

January 24, 2020 | I’m Out

In the course of healing the nation this week, a certain pathetic blog made some recommendations about our house lust. For example, there would be less of it, and far more attractive, affordable, long-term rental units, if we stopped giving people a 100% tax break on real estate profits. This is the reason why, today, […]

January 23, 2020 | Dr. Garth

Now that we’ve solved the nation’s woes and the week’s not yet over, there’s t to vex about your personal financial, emotional and marital ailments. After all, this is a full-service blog. Seven pathetic episodes a week. Never a snow day. Open 24/7. Just like a homeless shelter on Yonge or Robson, we take in […]

January 22, 2020 | The Way Out?

  So if half the people on your street are within $200 a month of insolvency, they must be morons, right? Nah. Of course not. They’ve just made bad choices. They have kids, cell phones, cars, houses, Netflix and jobs. They’re getting by. Taking vacations. Going to the mall. Timmies. Hockey. Living a life. Doing […]

January 21, 2020 | The Failure

Alas, this blog has failed. Perchance it’s time to pack up the kibble and squeaky toys, the ETFs and the spreadsheets, and scamper off into the ether. After all, what’s the point? The nation ain’t listening. We have several reports. Be strong. A week ago the central bank released a survey of what people anticipate […]

January 20, 2020 | Canard, Part Deux

Yesterday we brought you news that the dude in charge of Canada’s housing agency thinks real estate is a fat canard. We’re obsessed with it, says he. Realtors are drunk on their own excess. Society is nuts for glorifying the SFH. We’ve made renters into second-class citizens. Worse, even. Losers. Well, here are some interesting […]

January 19, 2020 | The Canard

Are single-family homes a waste of space, a crime against Greta, arrogant, egocentric, bourgeoisie and a hateful, hedonistic social extravagance? Duh. Of course they are. At least governments are now thinking that way, and the consequences are piling up. BC and Vancouver have declared war against detacheds, as you know. As a result, valuations have […]

January 17, 2020 | Dr. Garth

The clinic is now open. Please stop vaping and form a neat line out through the parking lot. Remember to step over the dog as you enter. No exposed hands. He’s having a bad day. Okay, Cheryl, you’re first. Hello Garth, I have been following your blog for years, found it highly helpful!  My daughter […]

January 16, 2020 | Kids

I have no kids. Forty-nine years ago I married Dorothy to be with her. Not to have a family. She was good with that. If you get through this life with one true, forever friend, she once told me, you’re lucky. I got mine. Why do most people have children? Historically, it made great sense.  […]

January 15, 2020 | The News

And now for the news. Sit, stay and pay attention. MOMS BUSTED: Yup, the cops moved their squatter butts out of that house in Oakland, California during a morning operation. It took several sheriffs, some guns, 30 SWAT guys and a mini cop-tank to do it, but the Moms4Housing are now kaput. There were four […]

January 14, 2020 | Mom Money

Ruth is 72. Spry. Her kid, Marion, is 44. Worried. Harold, husband and father, checked out eight years ago. Dead. No pension, but he left his wife of forty years a nice house. “I’ve pleaded with her to sell it,” says M, “and even suggested she read your pathetic blog, but nothing works. This week […]

January 13, 2020 | The Gig

Last week ended with news of 35,000 jobs created in December. Big relief after a disaster the month before. As it turns out, Canada churned out 320,000 jobs last year – one of the best performances since the lights went out back in 2008. Who’s working? Well, almost all new jobs last year came in […]

January 12, 2020 | Right vs Right

Once a radio and TV guy, then a municipal politician, Adam Vaughan is now a federal Liberal MP from Toronto. During the last election campaign the Cons made a big deal of publicizing a proposal from Vaughan to start taxing residential real estate. The plan, as stated, was to charge people capital gains tax on […]

January 10, 2020 | Spendy People

A rate cut this year? Fuggedaboutit. Canada created over 35,000 jobs last month. The unemployment rate fell. The 2019 job creation total – despite a few months of suckiness – was the second-best in 13 years, at more than 320,000. So the central bank took a gamble last year when the Fed was chopping (three […]

January 9, 2020 | Bill’s World

Where’s real estate going this year? As mumbled here with numbing repetition, all markets are local. Calgary is sick. Edmonton and the Peg are frozen. Vancouver is still decelerating. Victoria is stable. Toronto is tightening and troublesome. Montreal’s on a roll. Halifax is on hold. Taxes have sucked net worth out of detached houses in […]

January 8, 2020 | Faith

Trump assassinates a senior official from another country on foreign soil. That nation vows revenges and attacks a US base with rockets. Concurrently a deal to eliminate new nukes falls apart. Meanwhile Trump’s impeachment trial approaches. Worried people buy gold, bonds and bitcoin. The world braces. And Mr. Market? He goes up. As dawn broke […]

January 7, 2020 | Dr. Garth

We may not be able to fully protect you from Donald you-know-who, T2’s coming tax fest, death-by-Reaper from above, critter-killing climate change, the Wexiteers or Drake’s forthcoming album, but we aim to combat financial stupidity, every chance we get. And that brings us to Nurse Bethany. She’s 23. Wants to retire. “Thanks for your daily […]

January 6, 2020 | The General

When the Iranian rockstar general was incinerated by a missile fired from the Reaper drone four days ago, a lot changed. Stocks fell, but hardly. Oil jumped. The traditional safe havens of gold and bonds saw an influx of worried money. All that was pretty predictable. Less predictable was the reaction in Tehran, where the […]

January 5, 2020 | What They Want

One of our addicted regulars, a blog dog with no discernible outside life, has argued nobody – ever – should be allowed to take their pension money out of a plan. The logic, simple and flawless: by sucking your share the entire plan becomes less stable. More prone to collapse. Less able to pay everybody. […]

January 3, 2020 | Dr. Garth

Forget Trump and Iran. Plus the impeachment. Oil surging wildly. Whipsawed markets. Australia burning. Hong Kong’s crisis. Climate change or the bond market. You can’t do diddly about any those things – but you can make good choices in your own life. And that’s what this free clinic is all about. You’re just in time. […]

January 2, 2020 | Day Two

Welcome to 2020, shoppers! Believe it or not, the ‘spring’ real estate market begins within the next few days in Vancouver and the LM. Within two weeks it will be rolled out in the GTA. After that it’s basically rutting season everywhere, with the exception of frozen Quebec, the flat places and (of course) that […]

January 1, 2020 | Be it Resolved

Bandit decided to throw up at 4 am on New Year’s Day. A surprise, since he didn’t even have that many Shooters last night. In any case, the hours spent sitting holding his paw provided time to finish your list of 2020 resolutions. So be it resolved that you will… Try to borrow nothing. Easy […]

December 30, 2019 | The Stampede

The common wisdom on The Street is Trump’s a cinch in November. Confidence that the growth-at-all-costs president will win in the coming election is part of the reason investors think markets will melt up in the next few months. After all, it’s the economy, stupid. Unemployment’s at a 50-year low. Corps are making big bucks. […]

December 29, 2019 | The Security Blanket

In a day or two you’ll get the Greater Fool FFPs (Fearless Foolish Predictions) for 2020. Here’s a preview. One of them will be a market melt-up, for at least the first few months of the year. No recession. No shocks. Except Trump, maybe. How best to take advantage of economic growth, rising asset values […]

December 27, 2019 | Let the Dogs Out

Friday was the last day to sell a security, have it settle and be able to claim a loss again gains. If you weren’t aware losses could be deducted from profits in order to reduce taxes, well, now you do. If fact, it gets even better… Losses (usually from dog stocks your idiot BIL told […]

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