30+ rescues putting their lives at risk to rescue one locust scum who can’t bother to read the signs….

http://www.cbc.ca/news/canada/british-columbia/mount-seymour-avalanche-1.4480143

Something is very different with the market right now. We are not getting the rush of early January listings which we typically get. Thus – are we going to start the year with a market “freeze” and stalemate caused by the change in the mortgage rules? Perhaps nobody is listing because move-up buyers are trapped now and so they don’t list. Sales are still trickling in as they were likely completed before the year-end. However – inventory is not growing and the listings are very slow. Thus, there are no early indications of any market weakness now.

“Mortgage rates shoot higher to begin the new year”, Chicago Tribune

http://www.chicagotribune.com/business/ct-biz-mortgage-rates-20180111-story.html

“Mortgage rates shot up this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 3.99 percent with an average 0.5 point.”

“The 15-year fixed-rate average grew to 3.44 percent with an average 0.5 point.”

“A major bank just hiked mortgage rates – and this time, it’s a big deal”, Globe & Mail

https://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/rbc-just-hiked-mortgage-rates-heres-why-its-a-big-deal/article37584568/

“Canada’s mortgage-rate trendsetter, Royal Bank of Canada, hiked its posted five-year fixed mortgage rate Thursday.”

“RBC’s 15-basis-point increase to its posted five-year fixed rate could mark an epoch in Canada’s mortgage qualification rate. If a few more Big Six banks follow its lead (and I think they will), the qualification rate will jump from 4.99 per cent today to 5.14 per cent next week, making the stress test even harder.”

Nobody seems to be able to figure out why Moonbeam ain’t coming back although it should be pretty obvious.

No, Bruce Allen, it’s not because he left housing a mess. He doesn’t give a fuck, really.

It’s not really because his time was up and he couldn’t win again, he probably would. Well, under the old rules he could…easily, but that’s all changed.

In all likelihood, he saw the writing on the wall when the NDP banned corporate and union donations from provincial elections, and then followed up with the same ban on municipal elections.

No more money from his developer friends, or his real estate marketing friends, or CUPE, or the taxi union…..but mostly the real estate industry.

https://globalnews.ca/news/1658628/vision-vancouver-campaign-rakes-in-2m-in-donations-including-over-1-4m-from-corporations/

He may be a dishonest, manchurian candidate lowlife but he’s not stupid.

Trump Slams Protections For Immigrants From ‘Shithole’ Countries

https://www.yahoo.com/news/trump-slams-protections-immigrants-apos-220242865.html?.tsrc=bell-brknews

“In an Oval Office meeting with lawmakers on Thursday, President Donald Trump described Haiti and African nations as “shithole” countries and slammed the idea of restoring protections for immigrants from those regions.

“Why are we having all these people from shithole countries come here?” the president said, sources told The Washington Post. Trump reportedly followed up suggesting the U.S. should welcome more immigrants from countries like Norway. ”

Norway! Are you fucking kidding me?

The most amusing part of this was the ambassador from Haiti being outraged that his country was referred to as a “shithole”.

New
118
Price Change
21
Sold
71
TI:6886

http://www.clivestevepaul.com

“BOJ tightening to begin sooner than expected, U.S. economist Allen Sinai says”, Japan Times

https://www.japantimes.co.jp/news/2018/01/11/business/financial-markets/boj-tightening-begin-sooner-expected-u-s-economist-allen-sinai-says/#.WlfnwyMZPWY

“Japan’s economy will exceed growth forecasts this year, prompting the central bank to tighten monetary policy by mid-year, said Allen Sinai, president of Decision Economics Inc.”

“ECB joins central bank chorus hinting at faster tightening”, Financial Times

https://www.ft.com/content/c276288e-f6d5-11e7-88f7-5465a6ce1a00

“The European Central Bank has indicated it is preparing to cut its crisis-era stimulus programme faster than anticipated, joining monetary policymakers in most developed economies in expressing increased confidence in the global economic recovery.”

Time to get busy, Oracle. You can do it.

http://www.dailymail.co.uk/news/article-5156643/Hanif-Bali-Swedens-Milo-social-media-influencer.html

It would be unenforceable anyway and they know it — a complete quagmire. Until we have a strong political mandate to register and publish beneficial interest there’s no point in banning purchases from one place or another. And we all know that there will never be a mandate in this city to prevent the obfuscation of beneficial ownership. After all if you published the beneficial holders of YVR RE, you would be responsible for a mini Panama papers. You would expose holdings of many Canadian and international elites. The wealthy. The criminal. Those in hiding. Those with conflicts of interest. His Worship King Prince Chancellor Mayor Moonbeam himself. Chaos would rule. You would also devalue the city as a laundry and devalue the “holdings” of all those groups dramatically. You would spit in the face of everyone at the same… Read more »