Sunday, April 30, 2017

How Much Does it Cost to Run a Provincial Government With the Lowest Approval Rating Premier?

I have had a very eye opening read reviewing the "Treasury Board Secretariat PUBLIC ACCOUNTS OF ONTARIO Annual Report and Consolidated Financial Statements 2015-2016", yes that stuff that every citizen, MPP and member of the media either buries their head in the sand about, ignores it entirely or just plain spins it in a very different view.

Here is the beginning of the answer to the question (highlights below).  All the juicy details at https://files.ontario.ca/volume1-eng.pdf




And Yet Another Liberal Apology: Minister Harjit Sajjan Does not Know What "Architect" Implies or Means In Relation to Operation Medusa

...which begs the questions, "what qualifications does this MP have to actually LEAD our respected forces", and " how was he appointed to this role"?
"Embellishment" seems to be a common theme among the Liberals. Including how the economy is expected to perform to justify the multi-decades deficits we are going to have.

Wednesday, April 26, 2017

Those Puffin Penguins: Your "Science and Fact-Based" Liberal Party At Work...

MP McKenna, thank you for protecting us from climate change and taking care of an environment you have probably never been to nor seen (neither Newfoundland nor the Antarctic)

Tuesday, April 25, 2017

More Foot In Mouth Disease, But This Time It Is For the Camera: Trudeau Posing With Member of a Terrorist Group

Say no more. Did our inept Prime Minister nor his entourage know who this individual or his outlawed group is? Did he miss the briefing?
His judgement and his party's judgement must be questioned even by his voters that backed him.
Read it all here.

Thursday, April 20, 2017

4/20: Happy Ricky (and Trailer Park Boys) Day


Ontario Real Estate Industry Takes the (Information) Highway: Are There Any Facts or Integrity at All in the Home Buying Game?

At last this data is finally being compiled and assembled and in Canada real estate purchased may have something objective to work with and make informed decisions.  However...

With any product or service in the world  (including houses, condos) there are reams of data on trends, competition/competitors, market studies, demographic breakdowns of purchasers (yes, including....what country they are from and/or race! Sigh! Gasp!).  This data is necessary in order to understand the consumer,  or from a purely investment perspective, whether a business (or a consumer) wants to be in that line before that product or service becomes the next dinosaur or it goes south.  As such, consumer/business is able to exit ahead of time or use funds for another purpose all from making an INFORMED decision.

Conversely (and perversely) here in Canada, if I wanted to make an investment hypothesis that if China's GDP decreases in the next year, then what impact would that have on the amount of potential bidders and as such the impact on housing prices here in Canada so I can act accordingly based on my findings? For example, sell now or later?

Good luck! The info cupboard is bare. I'm sure if you entered "Ontario Housing Purchaser Demographics" in Google, the amount of "real" hard data would be the same as entering "Saskatchewan Navy"

Which begs the question, what were compilers of such data doing or avoiding to do before this? If these basic items are being asked for now, what information was available before?  If any? 

There have been a lot of real estate so called experts on radio and télévision over the years extending the virtues of owning Canadian real estate and claiming the Foreign Purchaser only comprises about 5.0% of transactions.  And every word said with a straight face! Well we now know this is an over extended truth (in other words, something that rhymes with "pool kit").

Wednesday, April 19, 2017

Real Estate Wars: A New Hope (Will This Band of "Rebels" Be Enough to beat the Dark Side?)

The fact that these three levels of government are actually acknowledging the real estate issue (pricing and liquidity) nevermind meeting face to face about it is incredible...and it only took about 20 years.  With exception of Morneau's and Tory's past business track records, this is more political baffoonery.  As mentioned in a past post, there are ways and means outside of foreign buyer taxes, more supply, first time home buyer incentives to address this issue.

As usual, a lot of promises, but the more important ones are the federally controlled issues.  Morneau has pledge access to information (in Justin's "fact-based" way of governing) and that the CRA would "dedicate resources to ensure compliance in the real estate sector", also indicating Capital Gains Tax is not on the table (when it should be, the Capital Gains Tax exemption is open to ANYONE who purchases and sells real estate in Canada.  If the different levels of government want to start cooling down the market, leave this cherished exemption only to Canadians!).  It appears that Morneau has  learned from Premier Christie Clark's split personality government, and "have agreed to refrain from introducing new measures for buyers which would impact housing price in the GTA by boosting demand".

No action or official comment until the upcoming Ontario Budget.  We wait and see on April 27th.

http://business.financialpost.com/personal-finance/mortgages-real-estate/little-doubt-foreign-buyers-are-pumping-up-victorias-housing-market-says-bmo-chief-economist

And in Victoria, BC...
http://business.financialpost.com/personal-finance/mortgages-real-estate/little-doubt-foreign-buyers-are-pumping-up-victorias-housing-market-says-bmo-chief-economist

I do not hear in the background, "Cue the music to Star Wars IV: A New Hope" (Luke, Han Solo and....Chewbacca?)