STRONGER TOGETHER AND UNITED - WALK ON

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When you walk through a storm Hold your head up high And don't be afraid of the dark At the end of a storm There's a golden sky And ...

Showing posts with label #GTA. Show all posts
Showing posts with label #GTA. Show all posts

Tuesday, December 6, 2022

#HOUSING CRISIS ALSO #ASSAULTS ALL WORKERS CONFIRMING CLASS #WAR IS #GLOBAL

 JOIN AND SING OUR UNION ANTHEM:


YOU DON' T GET ME, I AM PART OF THE UNION 


Now I'm a union man (GENERIC)Amazed at what I amI say what I think, that the company stinksYes I'm a union man
… When we meet in the local hallI'll be voting with them allWith a hell of a shout, it's "Out brothers (SISTERS), out!"And the rise of the factory's fall
… Oh, you don't get me, I'm part of the unionYou don't get me, I'm part of the unionYou don't get me, I'm part of the unionTil the day I dieTil the day I die
… Us union men are wiseTo the lies of the company spiesAnd I don't get fooled by the factory rules'Cause I always read between the lines
… And I always get my wayIf I strike for higher payWhen I show my card to the Scotland YardAnd this is what I say
… Oh, oh, you don't get me, I'm part of the unionYou don't get me, I'm part of the unionYou don't get me, I'm part of the unionTil the day I dieTil the day I die
COME AND SING ALONG



… Before the union did appear
My life was half as clearNow I've got the power to the working hourAnd every other day of the year
… So though I'm a working man
I can ruin the government's planAnd though I'm not hard, the sight of my cardMakes me some kind of superman
… Oh, oh, oh, you don't get me, I'm part of the union
You don't get me, I'm part of the unionYou don't get me, I'm part of the unionTil the day I dieTil the day I die

The Chris Hedges Report


Know Thine Enemy




The expedited legislation passed by Congress to avert a strike by railroad unions dealt one more blow in the decades long war waged by the two ruling parties against the working class.


THE BETRAYAL OF THE WORKING CLASS


The Congressional decision to prohibit railroad workers from going on strike and force them to accept a contract that meets few of their demands is part of the class war that has defined American politics for decades. The two ruling political parties differ only in rhetoric. They are bonded in their determination to reduce wages; dismantle social programs, which the Bill Clinton administration did with welfare; and thwart unions and prohibit strikes, the only tool workers have to pressure employers. This latest move against the railroad unions, where working conditions have descended into a special kind of hell with massive layoffs, the denial of even a single day of paid sick leave, and punishing work schedules that include being forced to “always be on call,” is one more blow to the working class and our anemic democracy.


The rage by workers towards the Democratic Party, which once defended their interests, is legitimate, even if, at times, it is expressed by embracing proto-fascists and Donald Trump-like demagogues. Dating back to the Clinton administration with NAFTA, the greatest betrayal of the working class since the 1947 Taft-Hartley Act, the Democratic Party has become a full partner in the corporate assault on workers. The cloying feel-your-pain rhetoric, a staple of the Joe Biden White House, is offset by a hypocritical subservience to the billionaire class.


ARE POLITICAL PARTIES MORE EQUL THAN OTHERS?



In 1926, the havoc wreaked by rail strikes led to the federal government passing the Railway Labor Act to give itself the power to impose labor settlements on the rail industry. The Biden administration used this authority to broker a tentative labor agreement that would ensure a 24 percent pay increase by 2024, annual $1,000 bonuses and a freeze on rising health care costs. But workers would be permitted only one paid personal day and no paid sick leave. Of 12 unions  voting on the deal, four of them — representing 56 percent of union membership in the industry — refused to ratify it. Biden signed the legislation into law on Friday.

The railroad barons refuse to permit sick days because they have stripped the railroads down to skeleton crews in a process known as precision scheduled railroading, or PSR. In essence, no spare labor is available, which is why the reduced labor force is subjected to such punishingly short periods of time off and onerous working conditions.


Class struggle defines human history. We are dominated by a seemingly omnipotent corporate elite. Hostile to our most basic rights, this elite is disemboweling the nation; destroying basic institutions that foster the common good, including public schools, the postal service and health care; and is incapable of reforming itself. The only weapon left to thwart this ongoing pillage is the strike. Workers have the collective power to slash profits and cripple industry, which is why the ruling class has gone to such lengths to defang unions and outlaw strikes. A rail freight strike, it is estimated, would cost the U.S. economy $2 billion a day, with daily losses increasing the longer a strike continued.


100 YEARS LATER WITH LITTLE WORKER IMPROVEMENT



THIS IS AN ASSAULT ON DEMOCRCY AND WORKERS' RIGHTS EVERYWHERE




Thursday, November 3, 2022

#TORONTO SUPER #REALESTATE #BUBBLE HEADING FOR MASSIVE #COLLAPSE

 



Toronto Is The Biggest Real Estate Bubble In The World, Vancouver 6th: UBS




A Swiss mega bank is warning the global credit bubble has produced a global real estate bubble. UBS published its 2022 Global Real Estate Bubble Index this week, and Toronto took the top spot. Vancouver remains in the Top 10, with the bank noting all of Canada is generally frothy. The recent price growth is attributed by a rapid expansion in credit, and that won’t last. As the economy slows, the last pillar holding up the market is starting to weaken.

Global Real Estate Prices Are Bubbly, Especially In Credit Bubbles


Global real estate prices are growing at one of the fastest rates in history. UBS analysts found prices in the 25 markets tracked for bubble risk have increased an average of 10% over the past year. It was the strongest increase since 2007, during the last global housing bubble. 

An accompanying surge in mortgage credit makes this an even larger concern. It’s the second year it was observed in the cities they track, occurring in virtually all markets. Soaring credit growth is typical of a real estate bubble. 

“The lending boom was conspicuously strong in the Middle East, the US, Canada, and Australia,” said UBS. “Since the pandemic we observe an increase in aggregate household debt relative to economic output in many of the analyzed economies.” 


EXPECT WORST HOUSING CRASH EVER - BANK'S AT RISK



Global Real Estate Prices Are Falling, Last Pillar of Support Is Weak

UBS explicitly mentions they don’t state whether or not a correction is coming, but they did highlight a concern. As interest rates climb, the economy slows, and home sales fall — there’s only one thing propping up the market, and that’s labor. 

It doesn’t matter which country you’re looking at, but global labor is suddenly short right across the world. “The robust labor market therefore remains the last pillar of support for the owner-occupied housing market in most cities,” wrote the bank.  

They add, “With a deterioration of economic conditions, this too is at risk of faltering. Indeed, we are witnessing the global owner-occupied housing boom finally under pressure, and in a majority of the highly-valued cities, significant price correction” 


NO JOKE: BUT POSSIBLY A THOUSND TIMES WORSE THAN 2008


TORONTO AND VANCOUVER POSITIONED TO LEAD HUGE VALUATION CRASH

Toronto and Vancouver Real Estate Are Two of The Biggest Bubbles In The World

The Canadian real estate bubble dominated the list, with two cities in the top 10 —  only matched by Germany. Toronto pushed higher, to take the top spot of the world’s largest real estate bubble. Vancouver held on to sixth place, where it was found in last year’s report. 


The bank warns the shortage narrative may have applied in the past, but this isn’t quite the case now. “The housing boom has become more of a countrywide phenomenon and is therefore hardly driven by a shortage of construction,” he said. 

BMO recently made a similar assessment in an interview with us. The bank’s senior economist said strong fundamentals supported the market, until the recent low rate boom hit. Home prices had surged far in excess of any fundamental support, and the bank now expects a significant correction to balance this excess.


BUFFET WARNS THIS WILL BE WORSE THAN GREAT DEPRESSION

PLEASE GET PREPARED









Sunday, October 30, 2022

#TORONTO #TENANTS SOON FACE #DARK & COLD #WINTERS - HERE'S WHY?





Ramping Up Renewables Can’t Provide Enough Heat Energy in Winter



CAN RENEWABLES PROVIDE A SUSTAINBLE FUTURE?


NOT VERY LIKELY



Wind and solar generation for a category called “Wind, Solar, etc.” by the IEA. Amounts are for 2020 for Germany, the UK, Australia, Norway, the United States, and Japan. For other groups shown in this chart, the amounts are calculated using 2019 data.

 The share of total energy provided by the Wind and Solar category is very low, only 2.2% for the world as a whole. Germany comes out highest of the groups analyzed, but even it is replacing only 6.0% of its total energy consumed. It is difficult to imagine how the land and water around Germany could tolerate wind turbines and solar panels being ramped up sufficiently to cover such a shortfall. Other parts of the world are even farther from replacing current energy supplies with wind and solar.

Clearly, we cannot expect wind and solar to ever be ramped up to meet our energy needs, even in combination with hydro.


HERE ARE EIGHT CRITICAL TAKE- AWAYS


[1] Batteries are suitable for fine-tuning the precise time during a 24-hour period solar electricity is used. They cannot be scaled up to store solar energy from summer to winter.

[2] Ramping up hydro is not a solution to our problem of inadequate energy for heat in winter.

[3] Wind energy is not greatly better than hydro and solar, in terms of variability and poor timing of supply.

[4] As more wind and solar are added to the grid, the challenges and costs become increasingly great.

CHINA'S GREEN ENERGY FAILS REVEALING DEEP CONCERNS




[5] The word “sustainable” has created unrealistic expectations with respect to intermittent wind and solar electricity.

[6] Energy modeling has led to unrealistic expectations for wind and solar.

[7] Competitive pricing plans that enable the growth of wind and solar electricity are part of what is pushing a number of areas in the world toward a “freezing-in-the-dark” problem.

[8] The world is a very long way from producing enough wind and solar to solve its energy problems, especially its need for heat in winter.


READ MORE


WE ARE RUNNING OUT OF TIME

MIT PREDICTS BY 2040




Wednesday, October 12, 2022

#OUTRAGEOUS 20% PLUS #RENT INCREASES BLAST #TORONTO THE BROKE

 NARCITY - Toronto


Toronto's Average Rent Prices Per Month Went Up & Here's By How Much

Rent prices have officially topped 2019's peak.


At this point, hearing that Toronto rent prices went up is like hearing that the sun has risen. Yes, we know, now let us sleep. But, some spikes are just too drastic to brush off.

According to Rentals.ca and Bullpen Research & Consulting's latest National Rent Report, the average rent increased more than 20% year-over-year in August in five Canadian cities for condominium rentals and apartments.

Toronto shot up to a draining $2,694 in August, marking a 24.2% increase. Unfortunately, the rest of the GTA didn't fare much better, with Mississauga and Brampton increasing to $2,348 and $2,107, respectively, marking a 16.2% and 13.4% increase.

The 6ix ranked second in a list of 35 cities for the highest monthly rent in August for a one-bedroom, $2,329, and the average monthly rent for a two-bedroom, $3,266.

RENT INCREASES - NO END IN SIGHT



"Demand has shifted dramatically to the rental market, which is significantly undersupplied in many major Canadian municipalities," Ben Myers, president of Bullpen Research & Consulting, said. "Rentals.ca pageview data suggests rental demand is up by nearly 40 per cent from last August nationwide, and 70 per cent from the locked-down August 2020 marketplace."


Surprisingly, in terms of sheer popularity and online page views per listing, Toronto ranked pretty low, coming in eighth on a list of 25 cities.

But also, this is the first time the 6ix has cracked the top 10 since Rentals.ca began tracking this data in Q4-2018.

Remember Federal Reserve Drives CDN Rates = RENTS



AGAINST ALL THE ODDS

AGAINST ALL THE ODDS
FREEDOM STANDS UNITED IN STRENGTH

Overpopulation plus Resource Exhaustion = Housing Crisis

Overpopulation plus Resource Exhaustion = Housing Crisis