EliG

Don't you people know about search bots? I thought it was a common knowledge even for non-computer types. The search engines (Google, Bing, Yahoo et al) have bots that constantly crawl the web to index the new content, be it brand new pages or changes to the old pages. These bots may or may not count as views, depending on how this forum is configured. You can ask Parsad to tweak forum configuration to show the bots as visible active users. If he chooses to do that, you would be able to see that search bots are present at all times.

A former deputy governor of the Bank of Canada wrote a column arguing that central bankers should (a) abandon short-term inflation targeting (b) focus more on avoiding "boom-bust" credit cycles The Dangerous Delusion of Price Stability https://www.project-syndicate.org/commentary/central-banks-low-inflation-agenda-by-william-white-2017-12

CNBC Transcript: Stanley Druckenmiller Speaks With CNBC's Kelly Evans Today https://www.cnbc.com/2017/12/12/cnbc-exclusive-cnbc-transcript-stanley-druckenmiller-speaks-with-cnbcs-kelly-evans-today.html

I got this link by googling the article title. http://license.icopyright.net/user/viewFreeUse.act?fuid=MjYzNjcyODA%3D

As a father of a student who will be entering the work force in a couple of years, I am disgusted by what is going on. Good jobs are hard to come by, and housing is out of reach. What a way to run a country.

http://business.financialpost.com/personal-finance/mortgages-real-estate/ontario-slaps-15-tax-on-foreign-buyers-expands-rent-control-in-16-point-plan-to-cool-housing The last one seems like a big loophole. Register an Ontario corp and hire yourself or/and spouse. Voila, you get a full rebate. What am I missing?

It's "funny" they found it necessary to give international students an exemption. This is in a market where even upper middle class Canadians are priced out. What a travesty.

Yes. It's just a dogs and ponies show before the election.

Rent is still actually pretty cheap. Cap rates are between 2-3%. Rent is only cheap compared to insane house prices. It's definitely not cheap compared to income. Average 1 bedroom condo in Toronto rents for $1750 - $1800. That's 21K annually. Median Canadian individual income was 33K in 2014.

http://business.financialpost.com/personal-finance/mortgages-real-estate/tax-on-non-canadian-residents-buying-ontario-housing-set-to-be-unveiled-as-early-as-thursday Ben Rabidoux on twitter: https://twitter.com/BenRabidoux/status/854740938408833025 "If Toronto rolls out a foreign buyer tax, get long anything in Ottawa and Montreal. #HotPotato" I think he is right. Maybe I should trade my modest Ottawa home for a swanky McMansion before it's too late? Hmmm....

Townhouse, 200K to 250K range, 155 listings https://www.realtor.ca/Residential/map.aspx#CultureId=1&ApplicationId=1&RecordsPerPage=9&MaximumResults=9&PropertySearchTypeId=1&PriceMin=200000&PriceMax=250000&TransactionTypeId=2&StoreyRange=0-0&BuildingTypeId=16&BedRange=0-0&BathRange=0-0&LongitudeMin=-76.44504615117185&LongitudeMax=-75.3601462488281&LatitudeMin=45.14675498339527&LatitudeMax=45.538639257203286&SortOrder=A&SortBy=1&viewState=m&Longitude=-75.90259619999999&Latitude=45.3430362&ZoomLevel=11&PropertyTypeGroupID=1

Commercial Real Estate Underwriter in Toronto --> https://twitter.com/canafin/status/845812638928003072 20 unit townhouse, 100% pre-sold before construction started, 95% Chinese buyers, $700+ per square foot, took just 1h to sell. His closing tweet: "people say this isn't sustainable but it has been going for quite a while now and there are no signs of slowing" He may very well be right, as long as wealthy Chinese keep bidding. They don't need a mortgage, so all mortgage calculations upthread are irrelevant.

50, you need to provide some context otherwise your statement makes no sense. how much is the house worth ? if it's worth $2M. a 700k loan is no big deal at all. even if they default or if market corrects 30%, the bank is still ahead by repossessing. $950K but it depends on bidding war. So it doesn't matter about paying back the loan. Only selling the house? Is it an insured mortgage? $950K number is kinda curious. Hight enough to keep LTV under 75% but low enough to be eligible for CMHC insurance (< $1M). I wonder if HCG deliberately low-balled the appraised value to off-load the risk to the taxpayers.

^^^ Trudeau's senior advisor. I think it's a clear signal that CG or/and dividend taxes are going up.

I didn't make any changes. I plan to retire within 5 years, at which point my income will drop a few brackets. With 66% inclusion rate, I may end up paying 1% - 2% less than I would pay now. With 75% inclusion, I may end up paying 0.5% - 2% more. I'd be very surprised if they jack up the inclusion to 75%. 66% is a more likely number, if they change anything at all.

It's lower now with 50% inclusion rate. http://taxtips.ca/taxrates/on.htm With 75% inclusion: 23% marginal CG tax if you make between 74K and 84K. With 66% inclusion: 22.5% marginal CG tax if you make between 84K and 87K. Not exactly the stuff of riches.

Are you married? You can transfer positions to a spouse before Wednesday, effective immediately (assuming you have separate accounts at the same brokerage). You can choose to transfer at the market price or ACB. You can make that election retroactively after the budget is announced. Transferring at the market price triggers a capital gain for you.

Big 5 Canadian banks are a cozy, protected oligopoly. They are able to extract outsized rents from the Canadian economy, and their oligopoly isn't going away any time soon. On the con side, they are quite expensive at present. But that is only a relatively minor consideration; the elephant in the room is the state of the Canadian real estate market. Read this thread for some insight: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/garth-turner-greaterfool/

That is a good question...nobody even tried answering though. I would like to have someone explaining it, with facts! NYTimes has a helpful summary comparing Trumpcare and Obamacare. https://www.nytimes.com/interactive/2017/03/06/us/politics/republican-obamacare-replacement.html

Yep, here's the quote from the article:

Maybe not detained/arrested. But held back, searched, personal/electronic data copied, made late, connecting flights lost. Just what everyone dreams of on a holiday. Being inconvenienced and treated like a criminal. I'm pretty sure they know they're gonna act like dicks when they're already anticipating that people are gonna call the cops on them. Sorry but i don't believe it. If a person has proper papers and they're not a retard when asked what the purpose of their visit is, they won't be detained. If you have any knowledge of this being incorrect, enlighten me. Canadian woman en route to Vermont spa denied entry to U.S., told she needs immigrant visa - Montreal - CBC News Canadian born? Check Canadian citizen? Check In possession of a valid Canadian passport? Check OTOH, she was guilty of a heinous crime. Crossing the US border while being brown skinned.

False equivalency. Obamacare is several orders of magnitude more complex than a temporary travel ban. Green card holders are legal permanent residents who have the right to be protected by all laws of the United States. Their inclusion in the ban is a symptom of ideological extremism and incompetence.

Friday night: green card holders are included in the Muslim Ban. Sunday night: a complete reversal... http://thehill.com/policy/national-security/316790-kelly-entry-of-lawful-permanent-residents-is-in-the-national Quality of governance: banana republic

https://www.washingtonpost.com/opinions/trumps-erratic-first-week-was-among-the-most-alarming-in-history/2017/01/27/c6405144-e4b9-11e6-a453-19ec4b3d09ba_story.html?tid=sm_tw&utm_term=.0d1646c98509

Interesting graph. Trump got less popular votes than Romney and McCain. It wasn't a Trump surge but a Clinton collapse.