I kinda like this story: https://www.policyschool.ca/wp-conte...fall-final.pdf

Basically the ndp in alberta supported a lot of green energy projects in alberta on a model where the difference between the green energy price and the normal price is supported by the government. Except with such high prices, this has actually resulted in the government MAKING 160 million dollars off these contracts.

Will see if we get the NDPs back in power next year . My guess is yes

Alberta has invested a fair amount in Green Energy which is great while supporting fossil fuels as well .

As a builder I don't get BCs move to eliminate natural gas to heat homes and going to hydro

Using fossil fuels to heat homes in a locations that are super rich in renewable energy potential like BC (particularly hydro) is just terrible from a climate change perspective. Those should be the easy things to stop doing.

Is there any threat to Hydro with all these creeks and rivers drying up? I was assuming the same thing that Hydro currently is cheaper.


BC has some bold goals on Home Building Net Zero by 2032 and possibly earlier . Will add to the cost of building a home

Not saying its bad and I would like to see Alberta do the same. I currently can meet BC step code 3 level but sadly most home buyers do not care

So as a builder what are you doing? Installing heat pumps/baseboard heat?

AS a builder here are my standard upgrades

• Highest Efficeniency Furnace and two stage
• Upgrade all wall insulation from R20 to R22
• Basement upgrade from R12 to R22
• Spray Foam all Rim joists ( biggest area of air leakge
• Spray Foam all ceilings with a cold spot above them
• I use a High Perforamnce Building wrap Siga
• LED lighting through out
• Spray Faom 2" under the basement slab
• Upgrade attic insulation from r40 to R50
• Triple Pain Windows

The windows are an interesting area if you go Triple Pane and PVC you would be better off with double pane and aluminum frames

IN Kimberley I will be going Triple Pane with Aluminum Frames

Weird Doug Ford refusing to testify at Emergency Act hearing and trying to get subpoena quashed . He also supported Trudeau on the decision. Wonder what he is trying to hide?

https://www.msn.com/en-ca/news/canad...b55f8b0c06f563

Yes, there are issues with Hydro. We need to do it carefully, and judiciously. But the existence of some challenges with renewable sources doesn't mean we ought to keep burning fossil fuels to heat homes.

The truth is Canadas conservatives are paralyzed with fear of evolution, with very few, if any libertarians within their ranks. Which, as far as I am concerned, as Reagan said is the "soul of conservatism". If they had a couple of legitimate Rand Paul types, they would be immensely popular, they refuse to evolve though. Thus, the imperfect liberals win by default.

Really there are very few impressive politicians or leaders in Canada which is fitting since our best talent leaves for America, Japan, China or Germany. We have the second highest expat % on earth for good reasons and those leaving are generally ambitious or in high demand.

Canada as a whole is not built for global competition. We are a quasi police state that was only populated by our Forefathers to keep an eye on the uppity British citizens who dared to leave the monarchy to settle in America as free human beings. The weak, submissive loyalists went to Canada.

Ontario is the most indebted sub borrowing jurisdiction on earth, more than double Californias debt with a fraction of economic activity or freedoms. Toronto is the most overpriced housing on the planet. In fact, Canada has three of the top 10 cities with the most over valued homes. Canada is the only G7 nation that doesn't have it's own domestic originated auto industry, even Russia has their own! Toronto went from 9th most innovative city to 40th all within a few years.

I could literally go on for a bibles worth of facts but I won't. If someone wants to try and change my mind about Canadas future please try, I reached out to multiple politicians at different levels for almost two decades trying to right this ship, we have zombies who just milk their position until they receive a full pension (Singh anyone?).

Ultimately, the "cops and casinos" approach to an "economy" won't work in 2022 and beyond no matter how many times the RCMP, OPP and TPS try to convince us to the contrary (as they bankrupt the nation). The results of this approach are fitting and apparent as one drives past the shuttered businesses...

libertarians are utterly joyless, change my mind.

Maybe you are confusing joyless with honest.

When men died in Europe during WWII, when men are dying now in the protection of their homeland in Europe today, it is in defense of liberty, not to be ruled by unaccountable government. Canada could certainly learn from those who risked it all for freedom as I don't see many in Canada fighting for these principles. I certainly don't believe if our nation were in the place of Ukraines that we would have the courage to fight for our nations survival.

There is an old saying in Canada "first to join the police, last to join the military". Indeed.

lada aint worth ***** man


For the housing, yes the canadian dollar went down a lot but if foreigners buy so much RE in Canada, the country shouldnt be that bad....

I know it sounds crazy but it is much worst in many places for the G20.
If Canada do not enter a big recession like many other will next year, i think Canada will be reposition in a great situation.
Hopefully Trudeau wont fack it up thinking debts isnt a problem that need to be dealt with immediately.

Yikes, not off to a good start there.

Canada is heading for an inflation. I think even Chrysta Freeland is saying we cant save everyone

I doubt were down with interest rates either. Today another .50 % Pitty those folks with variable rate mortgages

I locked mine in a few weeks ago for another 3 years

What do you think you'd be upto today if you murdered your wife in the 80s.

Lol

Hey, it was just an error in judgement. But only because "his presence was a distraction from a very positive and forward-looking Throne Speech". Otherwise, it would have been just fine.

what you guys figure is the high end for the BoC rate wise in the next 36 months? 3.75% now. Can that actually go north of 5.75%?

I was doing some math on what that does to mortgage rates and monthly payments for a lot of people with those 500-1M mortgages. It's pretty wow.

I know historically 5.5% has been cake, but I can't actually compute a world with 6-7-8%. I lived it, I'm that old. I just can't compute a return.

I *think* they're almost done; the common wisdom appears to be an end point of around 4.25%.

I'm betting more than Bobo's 4.25 and less than rafiki's 5.75. 4.25 is only two "normal" 0.25 increases away, I think that is all but guaranteed. But I think we can imagine another 0.5 followed by some number of 0.25s, for instance. I'm sure we are done with insane 0.75s tho.

Yeah, I was a little surprised when I read quite a few pros suggesting 4.25, especially when they were initially expecting the last increase was going to be to 4.0. I'd agree 4.25 seems like the minimum, but I think the max and the min are quite close.

I personally think 5.25 is a closer #

We still have not seen employment drop and inflation dropping .

Hey I am old enough to remember those 12-14% mortgages and myself a 21% car loan

The folks with the Variable rate mortgages feel the pain. 1 % point can be $200 for many now imagine food, gas, utilities. Tons of mortgages are coming due this year as well.

Saw in the news Food Bank demand has never been higher and its folks with jobs .

I'm up for renewal in Jan. I have 4.49 5/yr fixed locked in and 5.24 3/yr fixed. Still trying to decide but no matter what rates do between now and then I have those options. Tempted to go with the 3 year but who the hell knows what to do.


Canada lost 13B$ on revenue so far this year thanks to labor shortages. That's what happens when skilled workers leave coupled with companies being over taxed.

I'm old enough to remember the mortgage rates jumping to 20%+ in the early 80's as a child as my Father had built up a portfolio of rental homes as his side hustle in our home town.

He had about 8 or so homes he had bought and retrofitted for University students because, as a fast growing uni town such housing was in high, constant demand. he did coming to Canada with nothing but saving the down payment for the first home and then using the cash flow and leverage to keep ratcheting up.

then the 80's hit and that was wiped out. Rent controls plus 20+% interest rates meant personal bankruptcy. My parents tried to shelter us kids from what was going on but we could see their panic. They raced off to the bank to transfer our primary home in to my mom's name only and some other assets to protect them from bankruptcy (not sure that would work today) and it worked as only my dad, personally went bankrupt.

that is why I say 'Timing' plays a bigger part in business than actually good management skill does. Because you can do everything right and according to best practices and if you do in the wrong time period (20+% mortgages) you will lose and conversely in buoyant forgiving, ever rising markets people can do a lot of things wrong and yet still win. The best combination for success is doing everything right while enjoying good markets.

Will see how bad it gets

https://financialpost.com/news/econo...avid-rosenberg