Canadians have record-high mortgage debt. What happens when rates rise?

New numbers from Equifax this week confirmed what housing market watchers have known for a while now: Canadians are addicted to mortgage debt.

Canadians took out 410,000 home loans in the second quarter. That’s the biggest quarterly jump on record, up 60 per cent compared with the same period a year earlier.

Despite fears in the early days of the pandemic that COVID-19 could be a bucket of ice on Canada’s housing market, the opposite happened. Interest rates slashed to record lows, coupled with millions of Canadians cooped up at home suddenly needing more living space, acted more like gasoline on the housing market than water.

What happens when rates rise? You may lose your house. You don’t want this to happen while you’re PM.

 

Share

Will Serving As Prime Minister Of The 3rd World Be Trudeau’s Downfall?

Interesting to note media’s take on a potential Trudeau downfall. Everything other than one good reason for a fall from grace: the man has never stopped playing favourites.

It goes like this: Canadian-born citizens are racists. 3rd World-born immigrants are victims. Anglophones are bigots. Muslims are victims. “Old Stock” Canadians are homophobic, Gays are victims. Christians are genocidal, Aboriginals are victims.

Note the absence of historical context. Throughout Justin Trudeau’s parade of community apologies, was there ever an instance of placing Canada’s “national shame” within the context of its time?

Never is your answer. For Trudeau–or whoever programmed his brain to behave in this manner– a present-day Canadian is as guilty as one who walked our backwoods in 1867.

Share

Canada’s Conservatives announce vaccine passports if they win the election

The leader of the Conservative Party of Canada, Erin O’Toole, promised a federal proof-of-vaccine system if his party gets elected, which means that those who support civil liberties are going to be left with few options as all major parties support the invasive practices.

Share

New negative ads from the Liberals an admission it’s a tight race

The Liberal Party of Canada unleashed a trio of television ads Saturday attacking Erin O’Toole and the Conservatives using the trifecta of oft-tried Liberal wedge issues: abortion, gun control and two-tier health care.

h/t Marvin

Share

Scumbag Trudeau was eager to lick Communist China’s Ass says Globe

Scumbag Trudeau was eager to lick Communist China’s Ass says Globe

Trudeau initially hoped for common ground with China. But the Michael Spavor and Kovrig detentions marked a turning point in relations

Late in the afternoon of Aug. 31, 2016, Xi Jinping greeted Justin Trudeau in Villa 12 at the Diaoyutai State Guesthouse in Beijing, a storied spot where the Chinese leadership has hosted some of its most valued guests. Kim Il-sung, Ronald Reagan and Margaret Thatcher stayed there. So did Mao Zedong.

The 2016 trip was Mr. Trudeau’s first visit to China as Prime Minister, and he arrived with high expectations. He wanted to rekindle a relationship with a rising superpower whose consumer markets and bulging capital accounts offered opportunity for Canadian commerce.

Mr. Trudeau also saw a role for Canada in furthering China’s interests.

“He was saying that, like his father had helped China to rejoin the United Nations, he would help China to occupy its rightful place on the international scene,” said a person who was in the room. The Globe and Mail is not identifying the person because they are not authorized to disclose what took place in the meeting.

What a scumbag. Go incognito.

Share

Vaccine Passport Protests Increasing Across Canada

Canadians are taking to the streets and participating in rallies and marches across the country to protest against mandatory vaccination directives and other COVID-19 restrictions, including recent requirements for vaccine “passports” by provincial governments.

British Columbia, Ontario, Quebec, and Manitoba have already introduced a vaccine certification system to fight the pandemic, and protests against the measure have been launched in cities in these provinces.

Share

Canada on course for worst wave of COVID-19 yet, new modelling data shows

Reported daily COVID-19 caseloads in Canada could reach unprecedented highs later this month if current levels of virus transmission are not reduced, new federal modelling data shows.

On the eve of the Labour Day weekend, chief public health officer Dr. Theresa Tam took aim at young adults, describing an “urgent need” for more people between the ages of 18 and 39 to get vaccinated in order to prevent a rapid worsening of Canada’s COVID-19 situation.

Share

Alberta hospital threatens to deny woman lung transplant unless she gets COVID vaccine

Leaked audio recorded by an Alberta patient awaiting a lung transplant shows a healthcare worker telling her she will be dropped from the transplant list if she doesn’t agree to get vaccinated against COVID-19.

The Justice Centre for Constitutional Freedoms (JCCF), which is representing patient Annette Lewis, released the audio, in which an unnamed member of the transplant team at the University of Alberta Hospital, gives Lewis the ultimatum.

Share

The media is failing Canadians when it comes to COVID-19

When it comes to coverage of COVID-19, the legacy media is failing to inform Canadians on integral information that would help the public understand the virus better.

As a result, many Canadians are unwilling to learn to live COVID-19 and obsessed with case numbers and strict public health measures, such as vaccine passports.

Share

Healthcare workers protest against COVID-19 vaccine mandates and “medical tyranny”

Thousands of Canadian nurses and healthcare workers took to the streets Wednesday to protest against vaccine mandates and take a stand against “medical tyranny.” The protests, organized by Canadian Frontline Nurses (CFN), were held in 18 cities across Canada on the same day the Ontario government announced its plans to impose a vaccine passport in the coming weeks.

Share

O’Toole pledges to keep assault rifle ban. His platform says it’ll be gone. Here’s what we know

Conservative Leader Erin O’Toole directly contradicted his own party’s platform at the French-language debate on Thursday night and again Friday morning, saying he wouldn’t repeal a Liberal ban on assault rifles — despite his platform promising to do just that.

Share

Increase In Racism Results From Trudeau’s Six Years As Prime Minister

A recent Ipsos poll in Canada has found that a majority (60%) of Canadians believe that racism is a serious problem facing the country.

“Increased awareness of anti-Asian hate crimes during the pandemic, continued mistreatment against Indigenous Canadians, domestic terrorism against Muslim Canadians, and discrimination against Black Canadians have certainly contributed to the idea that Canada is not making much progress in tackling racism.”

Share

Vaccine Hunters is winding down. But they’ll be back if you need them, says founder

Vaccine Hunters is winding down its social media drive to get people vaccinated, but the group’s founder says they’re ready to jump back into action if Canadians need help finding booster shots, or if younger people become eligible for the vaccines.

“We are monitoring the news and developments very closely and will become active if needed,” said Andrew Young, founder and director of Vaccine Hunters.

Share