good to see some things never change. poloz & co (and various other connected parties) continue to operate a leaky ship; as usual loonie moves day before BoC decision…lol. i can cite numerous other examples (re Boc, CMHC etc, etc) if anyone cares…total mickey mouse club stuff imho…

to add insult to injury, it looks very much like harper and co stuck their feet in their mouths again by declaring the recession over (just when it appears markets are about to top out again)

as mentioned earlier, poloz winds up reading off of harper’s cue cards this AM. no cut, everything’s turning around. well, we will see about that in the coming months. imho the BoC is still way behind the curve and probably got distracted by all the nonsense going on in financial mkts around the world (which will have very short term positive effects). the real fun and games kick in next week as janet yellen steps up to the plate. this ridiculous dead cat rally in stocks really puts her in a jam as she’s basically in a damned if she does, damned if she doesnt situation now. i’m currently leaning 60/40 in favor of her doing nothing (as markets have forced her hand) and having to leave the building with her tail tucked between her legs. to the surprise of… Read more »

http://globalnews.ca/news/2210480/liberals-vow-tax-breaks-for-landlords-homeowners-as-part-of-social-housing-plan/

social housing, my VCI friends, is welfare flow thru for landlords. Justin sees this lucrative opportunity to put rapists in your basement, help you out with your failed Hedonic-Heloc lifestyle. Ask Sweden and Europe in general, how this is working. 70% of Vice crime in Edmonton stems from recent migrants.

#108: The realtor-fed media is about as stone blind to this as Garth Turner is “Asian-sensitive PC” to it.

“So the gun is smoking…what does that prove? I didn’t see any actual bullet, and even if I did, it might not have hit anything…and even if I did,….blah,blah,blah…”

The fall in fall who says listings can’t pile up in the off season? It is different here they say

Back to school. Talked to three different families, father is a UBC prof hired around 2004-2006. They independantly decided to follow the example of HAM, HIM, HRM: buy property in affordable places to park their money. Since Vancouver is out of reach, even after a 30% correction, they are tired of waiting for a correction and they are now 15 yr away from retirement. They bought in Oregon, Mayne Island, Vancouver Island. Will POV ( Priced Out Vancouverites ) be the next locusts species? Will people in Nanaimo need to migrate to Port Hardy?

@Tim – The problem with immigration is rarely the average working family who is looking for a better life. Yes, there would be social issues like religion, cultural practice, etc but I think in general most actual hard working people are good.

Rich spoil brats, people who became super rich almost instantly through sheer luck/connections/etc, or self-entitlted people are usually what causes all the problems and ruin a good society. They are be local or foreign. But at least for foreign, you can always close the gate. Whereas the local ones, it’s like those annoying herpes itches that you just can’t get rid and it is infectious.

@ Oracle

My ancestors arrived in the wave of post-war dutch immigration. Roughly 150,000 came here, from a country with an economy wrecked by WW2. Relative to Canada’s current population, that would be 400,000 migrants, in about a decade. Were they refugees or economic migrants? A bit of both.

Almost none spoke English, and most were working class, with a ton of dependants. My grandparents never learned English, and were *very* conservative, not at all like the reputation the dutch have now. They preferred to settle in towns and neighbourhoods where they had become the ethnic majority. A few generations later, we are fully integrated. Somehow Canada survived.

@patriotz – So did US follow Germany’s warnings about stop eavedropping on Chancellor Merkel and other high ranking gov’t official’s cellphones and communications???

no? Yeah, that’s what I figured….

At least China is doing this to get its corrupt officials back, which is better than spying on your supposed allies.

Frankly, intl espionage is par for the course between countries. Pretty much everyone does it as long as they can get away it – either undetected or the victim can’t retaliate in a meaningful fashion. I don’t see why people get so worked about some Chinese spying when USA is doing far more insidious spying than all the other countries combined.

#92: In reply to my post on his GF website of this news article, Garth Turner retorted in his trademark thin-skinned quip that ‘this is still not evidence of money laundering.’

Greater Fool indeed.