Mortimer @mortimer_1 Twitter profile

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Mortimer

@mortimer_1

2 years

The Bank of Canada has created a problem, where people who are under 40 think 5% mortgage rates are high...

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@mortimer_1

1 year

A homeowner in West Vancouver declared family income net income of $33,000 in 2022, lives in a $12 million house and will be receiving $759 from the Advanced Canada workers benefit... How does that make you feel?... welcome to Canada...

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@mortimer_1

9 months

Canada… the case study of what happens when a drama teacher, journalist and environmentalist get together to try and run a country with zero economic or financial knowledge…

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@mortimer_1

3 years

It seems @JustinTrudeau has tweeted more about how he will fix housing in Canada over the last day than he has done during his entire tenure as Prime Minister

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@mortimer_1

4 months

Canadians celebrate interest rate cuts, only to realize the goods we import and that vacation they were planning just got more expensive without them realizing it…

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@mortimer_1

3 years

Siri - Show me a $7 million house in Vancouver, Canada

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@mortimer_1

2 months

The economy is so strong that interest rate cuts are a positive… yes, this is a Finance Minster from a G7 country… Canada is screwed under leadership like this…

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@mortimer_1

3 years

Make coffee at home they said... and one day this could be yours in Vancouver, Canada

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@mortimer_1

4 months

The stupidity that gets elected in Canada is quite something…

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@mortimer_1

9 months

Sounds about right for Canada Received "$17,564 in child tax benefits" Yet: ◾️Kids attend private school ◾️$53,000 in monthly expenses ◾️Kids have a driver ◾️$135,255 per year on vacations, always flying business class ◾️Live in nanny ◾️Multiple homes

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@mortimer_1

3 years

Imagine hosting a dinner party, telling guests it’s an open bar and saying you’ve arranged cabs home for everyone… Only at the end of the night tell people there are no cabs and they need to drive home and you lecture them on being irresponsible… Bank of Canada: Hold my beer

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@mortimer_1

2 years

The greatest gift you may have been given is losing out on that house bidding war earlier this year...

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@mortimer_1

8 months

Imagine being a law abiding Canadian, paying income taxes in Canada, just trying to make ends meet and save to buy a home… only to have to compete against this…

Sam Cooper

@scoopercooper

8 months

Exclusive investigation: “Fake Chinese income” mortgages fuel Toronto Real Estate bubble, unprecedented banking leaks

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@mortimer_1

6 months

Worth your 8 minutes if you live in BC… you have any comment @Dave_Eby ?

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@mortimer_1

7 months

The real estate industry is now saying the quiet part out loud… without foreign investors and short term rentals, the numbers don’t pencil out for developers on condos… … so who were we building for in the first place 🤷‍♂️🤔

Government regulations sour investors in Kelowna's housing market, says real estate executive -...

Government regulations such as those around foreign ownership and short-term rentals are having a detrimental affect on Kelowna's housing market.

www.castanet.net

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@mortimer_1

7 months

In Canada we don’t just have mortgage fraud, now we have realtors paying people to put fake offers on houses to make the market look busier… 🤷‍♂️ Get paid $250 to $500 to put in a fake offer on a house…

CanIndian Bro 🇨🇦🇮🇳

@CanIndian_Bro

7 months

Got this in my DM! 5 Fake offers package for 250-500$ happening in Peel,Halton & Durham region. Canadian RE never disappoints 😂😂😂😂

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@mortimer_1

3 years

Greater Vancouver detached benchmark price up $321,800 year over year… The good news is I saved $1,095 by drinking coffee at home… so I am that much closer to home ownership… few understand this 😉

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@mortimer_1

5 months

Canada is screwed… that’s the tweet…

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@mortimer_1

2 years

So Canada is trying to attract more immigrants… but then they realize the cost of housing is high, you actually can’t access the free healthcare system, and they need to hold 6 jobs to make ends meet… So they figure they are better off to stay where they are…

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@mortimer_1

2 years

“Yes I own multiple properties”… and complaining about interest rate increases… What you should be complaining about is how they didn’t teach simple math in school and how greed is a terrible drug…

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@mortimer_1

3 years

It amazing to see how quickly the government of Canada has powers and abilities to enact sanctions or the Emergencies Act... but nothing has been done about decades of money laundering, tax evasion and financial crimes in the country...

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@mortimer_1

8 months

As a tax payer in Canada, I would much rather pay for an early federal election as oppose to an appeal on the current government’s breach of the Charter of Rights…

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@mortimer_1

7 months

It’s hard to believe this isn’t satire… it is the state of Canada… “David Yeo is the CEO of Dalian Enterprises, which received $7.9 million for its work on the ArriveCan app… The Defence Department confirmed Yeo is currently employed with them but has been suspended”

CTV News

@CTVNews

7 months

DND suspends contracts with ArriveCan contractor after learning CEO is a DND employee

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@mortimer_1

1 year

How it started. How it’s going

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@mortimer_1

3 years

Again, why bother working... East Vancouver... Sold Nov 2020: $1,330,000 Sold April 2021: $1,540,000 Sold Dec 2021: $1,620,000 Just sold again: $1,960,000 Completely normal @bankofcanada @cafreeland @JustinTrudeau 🙄🙄🙄

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@mortimer_1

4 months

I bet less than 50% of the population is aware of the potential time bomb that they and other people may be sitting on… especially for fixed payment variable mortgages…

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@mortimer_1

1 year

That is some great camera work… volume on…

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@mortimer_1

6 months

Canada thought that putting all its eggs in one basket (real estate) would create economic prosperity… and it did for many… But now Canada gets to experience the hang over of what happens when you focus on one asset class for so long…

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@mortimer_1

2 years

Free healthcare in Canada sounds awesome on paper… but as soon as you try to access or utilize the system, you realize what a big mess it is…

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@mortimer_1

1 year

Remember when politicians were writing letters to the Bank of Canada to stop with their reckless low interest rate policy during the last decade Yeah, neither do I... we are in the current mess because interest rates were so for so long, and people thought debt was riskless..

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@mortimer_1

19 days

Psst… interest rate cuts are signs of a weak economy… not a “strong signal that we’re going in the right direction” 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

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@mortimer_1

1 year

Where else in the world can you Buy millions of dollars of real estate with minimal declared taxable income… Pay no income tax… Access free healthcare and low income programs… Contribute nothing to society… Oh right… that’s Canada for you…

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@mortimer_1

1 year

Remember when AirBNB was about renting your home while you were away on vacation a few weeks a year to earn a little extra money... It has transformed into the mom and pop hotel business for some... to the detriment of housing/rental supply... few politicians understand this...

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@mortimer_1

6 months

I think few understand that if the Bank of Canada cuts before the U.S. Fed… it doesn’t mean what people think it means on asset prices going to the moon… it means the Canadian economy is in the toilet… plan accordingly….

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@mortimer_1

9 months

I know this would be very un-Canadian according to some people… but maybe governments in Canada should focus on the citizens and taxpayers in their own country first, before they try to think they can save the world and everyone else (using taxpayer money none the less)…

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@mortimer_1

11 months

So the market rate for committing fraud in Vancouver is now $500… basically paying you to change your address so they can commit short term rental fraud around the regulations… @LennyNanZhou @Dave_Eby @KahlonRav

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@mortimer_1

11 months

Is there a more fitting slogan for a new condo development in Vancouver… subtly giving you the middle finger… “Desired by Many. Destined For a Few”

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@mortimer_1

7 months

Canada’s housing strategy in 2024

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@mortimer_1

2 years

The modern day ‘let them eat cake’ moment… Canada’s finance minister says to just cut your Disney Plus subscription…

Not Inkless

@InklessPW

2 years

Chrystia Freeland has a tip for families struggling with inflation. Canada's Finance Minister suggests they follow her example and cut their @DisneyPlus subscription.

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@mortimer_1

7 months

Aged like a fine wine...

Justin Trudeau

@JustinTrudeau

11 years

"It’s hard not to feel disappointed in your government when every day there is a new scandal."

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@mortimer_1

2 years

No joke... another $22 million home "owned" by a "student" Welcome to the wonderful world of real estate in Vancouver, Canada 2606 SW Marine Drive, Vancouver … and yes, completely empty inside, but “owner” occupied

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@mortimer_1

3 months

Same owner trying to unload 6 investment properties in Vancouver, Canada 3601 899 Pacific St: $2,999,000 1702 899 Pacific St: $1,650,000 3310 1289 Hornby St: $1,299,000 2812 1289 Hornby St: $1,279,900 2712 1289 Hornby St: $1,279,900 1601 277 Thurlow St: $8,180,000

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@mortimer_1

6 months

So 20% of the carbon tax is indirectly going back to consulting firms to help applicants get grants under the government programs which are funded by the carbon tax… 🤷‍♂️ Welcome to B.C., Canada…

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@mortimer_1

10 months

That doesn’t look good… construction site in Coquitlam, Canada…

My 2 Cents

@ashsharma75

10 months

Happening in #coquitlam now

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@mortimer_1

1 year

My email to @Dave_Eby and @KahlonRav on short-term rentals below My simple solution: ◾️Ban short-term rentals for a defined period ◾️Increase minimum fines to $25,000 per offence ◾️Hold hosts and platforms accountable I encourage others to email them to express your views too

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@mortimer_1

1 year

For those outside of Canada who see our top combined personal income tax rate above 50%… don’t worry… In Canada you make your money owning 7 real estate properties… versus trying to do anything productive in society… like having a job…

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@mortimer_1

2 years

We might find out that Canada learnt nothing from the U.S. in 2007…

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@mortimer_1

4 months

This will surprise no one who has been following real estate in Greater Vancouver... CRA uncovers $1.3 billion in unpaid taxes in B.C. real estate sector

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@mortimer_1

4 months

Canada represents less than 0.5% of the world population, but somehow we are going to be leaders in driving change and making a difference 🤔🤷‍♂️ No one cares about Canada on a global stage… and we are only becoming even more irrelevant under the current leadership of the country

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@mortimer_1

2 years

There seems to be one large country missing 🤔

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@mortimer_1

5 months

Wonder if @cafreeland will be tweeting this chart… 🤷‍♂️

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@mortimer_1

2 years

This “student” would be exempt from the federal Liberals foreign ownership ban… But it makes sense that a student can buy a $30 million house…

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@mortimer_1

2 years

Hearing UBC is closing tomorrow as over half the students only have summer tires on their luxury super cars…

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@mortimer_1

2 years

Me: Let's order lunch Spouse: Ok, how about the place 5 blocks away. I'll Uber Eats the order Me: Huh... I'll pick up, it's close and I'll get exercise on a nice day... it will take me 15 minutes Spouse: Weirdo... Am I the only one who still picks up in person if close by?

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@mortimer_1

4 months

Some TikTok realtors will be too young to remember, but interest rate cuts are usual a bad sign for the economy, not one of strength… 🤷‍♂️

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@mortimer_1

1 year

This is the Canadian way… be a resident who works hard, pays income tax in Canada and is struggling to make ends meet, and get nothing… All while the government is giving money away to multi million dollar vacant home owners… This is what Canada has become…

Steve Saretsky

@SteveSaretsky

1 year

These cheques are being mailed out to “low income” owners of vacant $12M homes in Vancouver. True story.

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@mortimer_1

3 months

Do you ever look at the state of public infrastructure and amenities in the city of Vancouver and wonder where all your tax dollars are going? 🤷‍♂️

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@mortimer_1

2 years

Can you imagine a bunch of people hosting a protest because interest rates were going up and their investment portfolio of stocks and bonds went down… yeah that’s how ridiculous this protest was…

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@mortimer_1

7 months

In Canada, a country full of natural resource potential… we have basically shunned those industries in support of exporting our housing and education over the last decade… We are only starting to the repercussions of these decisions playing out now…

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@mortimer_1

3 years

Overheard some boomers today who said they wished they could have the equivalent of $10 per day daycare back in their day... To which I thought, I'll repay you the difference in daycare costs if you sell me what you bought your house for in the 80s...

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@mortimer_1

2 years

Getting your Lamborghini with an "N" sticker serviced at Mr. Lube fits the Vancouver narrative

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@mortimer_1

3 years

That's @JustinTrudeau for you... couldn't keep a promise unless it somehow would benefit him...

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@mortimer_1

4 years

CMHC CEO's reply to Vancouver realtor... 🍿🍿🍿 #vanre

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@mortimer_1

1 year

Not saying what Jordan is doing is illegal... he is basically acting as the host for the apparent owners But his 149 AirBNB listings that are in Vancouver... would all be a good place to start to ensure they are all being utilized as principal residences

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@mortimer_1

4 months

Good thing Canada has spent the past 2 decades encouraging investment in productive assets to help us get through these tougher times… Oh wait, we encouraged people to over leverage themselves to a single asset class (housing) and now will see the repercussions of that… 🤷‍♂️

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@mortimer_1

3 years

When a dual income professional couple can’t afford to live in a city… just imagine how much worse it is for people who have so much less… and if you think monetary policy hasn’t exacerbated that, you think about monetary policy as much as @JustinTrudeau

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@mortimer_1

3 years

It’s amazing the tools the federal government had to go after tax evasion, money laundering and other financial crimes in Canada… yet chose to use none of them… That is the most eye opening part…

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@mortimer_1

9 months

Imagine telling someone in any other country that someone with a $2.15 million home gets $570 to $770 discount on their property taxes… while if you don’t own a home, you get zero This is how dumb this program is… almost a billion dollars to homeowners

B.C. government forges ahead with $907M in homeowner grant subsidies

The annual homeowner grant returns property tax to those who own a principal residence valued under $2.15 million.

www.vancouverisawesome.com

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@mortimer_1

2 years

Healthcare in Canada is free** **If you can find a doctor or a hospital that isn’t closed due to staff shortages…

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@mortimer_1

3 years

Hey @CanRevAgency instead of wasting your time worry about the $10 in tips a minimum wage worker didn’t declare… maybe make a request for the MLS listing data and see how much tax evasion and fraud is being committed by homeowners…

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@mortimer_1

2 years

Occupation of the owner “international student”… bought in 2016 for $13,060,000… not a joke @JustinTrudeau proposed budget measure says this is OK Welcome to Vancouver… 1538 Western Crescent…

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@mortimer_1

5 months

The Mayor of Vancouver attended a Guns and Roses concert for “research” purposes… 🤷‍♂️

Bob Mackin

@bobmackin

5 months

Vancouver Mayor @KenSimCity attended a Guns ‘n Roses concert at @bcplace for “research.” #vanpoli #bcpoli

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@mortimer_1

1 year

In case you are wondering who is buying these places in Vancouver... sold in Oct 2022 $3,550,000...now 7 listings on AirBNB (5 in main floor, 2 in basement suite) This is what Vancouver, Canada has become

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@mortimer_1

2 years

So I think most people would say printing and giving away unlimited money probably wasn’t great for inflation Jagmeet Singh: Hold my beer

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@mortimer_1

1 year

It’s called rental arbitrage. Buy a house with a basement suite and laneway home and put all the units on AirBNB. You can earn 5 times the monthly income. And the best part, there is no enforcement in the city and the tax man is asleep, so it’s all tax free.

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@mortimer_1

7 months

People who are against the AirBNB rules aren't trying to save tourism... they are trying to save their own poor financial decisions...

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@mortimer_1

3 months

Tear down an older, liveable home and replace it with a new duplex, where one unit cost more than the original house… No one is buying either of the new duplex units because it is still too expensive… But apparently on paper this new supply is the solution 🤷‍♂️🤷‍♂️🤷‍♂️

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@mortimer_1

3 years

BREAKING: If you are not a millionaire in Canada, you are now below the poverty line…

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@mortimer_1

11 months

“Jen Higham (a realtor) has eight houses/duplexes in Prince George she rents through the Airbnb platform” “says rule changes on short-term rental accommodation will force her to sell her rental properties”

Airbnb owner hopes Prince George will opt out of short-term rental rule changes

Jen Higham and her husband Trevor got into the short-term market three years ago and they cater to medical professionals, work crews and tradespeople, business executives, families and sports teams...

www.princegeorgecitizen.com

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@mortimer_1

4 months

When the selling feature of Canada has become low wages… we have gone full circle and become a 3rd world country… “Lower labour costs are more pronounced in Vancouver… Technology workers in the U.S. are paid on average 46% more than workers in Canada”

Why Vancouver's office market is thriving amid North American struggles

American tech giants happy to seek talent north of the border

www.biv.com

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@mortimer_1

1 year

Canada: We are so smart, we didn't make mistakes like the U.S. did in 2007 US: Ummm... you have mortgage loans with amortizations longer than the expected lives of some lenders... Canada: Come to Canada and buy real estate!

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@mortimer_1

7 months

The corruption in Canada never ceases to amaze me…

Stephen Punwasi 🏚️📉🐈☃️

@StephenPunwasi

7 months

lol. So the CEO of the company that built the ArriveCan app is an employee of the Federal government?

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@mortimer_1

2 years

“a Chinese billionaire… pay more than $11 million for an iconic Vancouver mansion in the same year he claimed income of just $9,424” “Zhao's representative ‘admitted that 'the optics don't look good.'" The audits have begun…

Tax agency obtains 'jeopardy order' for debt from Downton Abbey-loving billionaire | CBC News

Canada's tax agency has obtained an order to seize debts owed by a Chinese billionaire whose love of Downton Abbey inspired him to pay more than $11 million for an iconic Vancouver mansion in the...

www.cbc.ca

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@mortimer_1

8 months

A million dollars to like in a 1 bed, 1 bath garage (laneway) in Vancouver, Canada… what a time to be alive… a meteor can’t come fast enough…

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@mortimer_1

2 years

The key to success is passive income… at 45 years old, my parents still give me a weekly allowance of $5,000… few understand this…

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@mortimer_1

1 year

Take your pick… anyone of these can be yours for $3.5 million in Vancouver, Canada…

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@mortimer_1

3 years

Such a Vancouver, Canada real estate description "EXCELLENT OPPORTUNITY FOR FIRST TIME BUYER" Asking $2,950,000

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@mortimer_1

7 months

Tell me you have someone with no clue running your country’s finances without telling me…

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@mortimer_1

10 months

Exciting news Vancouverites! You can’t afford housing, food and cost of living expenses… but please be excited for a concert that you can’t afford to attend… while all the illegal AirBNB hosts make more hotel revenue from out of town guests… and you struggle to find housing…

Mayor Ken Sim

@KenSimCity

10 months

Exciting news Vancouverites! Thrilled to hear that the Rolling Stones will be taking centre stage at BC Place next year. Mark your calendars, spread the word, and get ready to rock. To Mick, Keith, and Ronnie thanks for bringing your swagger to our awesome city.

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@mortimer_1

2 years

Updated to Q1-2022… U.S. on the left… Canada on the right… Looks sustainable for Canada 🙃

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@mortimer_1

7 days

Tiff Macklem at the Bank of Canada right now…

Steve Saretsky

@SteveSaretsky

7 days

The federal government has announced it will raise the price cap for insured mortgages to $1.5M and expand them to 30-year amortizations. This is a demand side boost and inflationary for home prices. Reckless policy.

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@mortimer_1

9 months

“You can’t do anything about it because I live in Canada”…. Omfg, is this was Canada has become…

Rabbi Shmuley

@RabbiShmuley

9 months

An "11-year-old" Muslim girl with her family walked over to me in Times Square and told me to kill myself because I’m a Jew. I am not making this up. You must watch this. They then had their small child kick me to humiliate me whole their daughter continued to say that I should

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@mortimer_1

11 months

Realtors: Interest rates are going to go down as Canada enters a recession… get ready to buy… Homebuyer: That’s great, but I have no job and employment income to qualify for a mortgage…

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@mortimer_1

10 months

Better late than never @KahlonRav I encourage you to scroll thru my feed over the last 3 days to see what a disaster short term rental licensing is in Vancouver… If any of your new rules are going to work, strong enforcement and platform accountability is required…

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@mortimer_1

2 years

Knew that was my problem on not being to afford a home… I started drinking coffee at home but didn’t cancel my Disney Plus subscription… Saving $13.99 per month, means it will only take me 2,254 years to save 20% for the average detached home in Greater Vancouver..

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@mortimer_1

5 months

Maybe I should retire from my current job and do this full time…

FIVRE604

@FIVRE604

5 months

The province is hiring an Airbnb detective. Job requirements seem a bit much 🤔

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@mortimer_1

6 months

In Canada you benefit from being asset rich, yet income poor… and we wonder why no one is incentivized to work hard…

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@mortimer_1

1 year

Tell me your bank is over exposed to bad loans without telling me...

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@mortimer_1

9 months

👆👆Imagine being a family in Canada, both parents working, barely making ends meet, paying your taxes and you see the court case above on where your tax dollars are going This is what Canada has become @JustinTrudeau @PierrePoilievre @theJagmeetSingh no wonder ppl are pissed

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Mortimer

@mortimer_1

2 years

Colour me shocked “Canada Revenue Agency has unearthed over $1 billion in unpaid tax revenue from audits of B.C. real estate transactions since 2015” And the CRA has potential access to more data now via the BC Spec Tax filings and EHT in Vcr

Tax evasion in B.C. real estate transactions persists, CRA audits show

The Canada Revenue Agency has found hundreds of millions of dollars in unreported income tax via B.C. real estate audits — over $1.1 billion in assessments since 2015.

www.burnabynow.com

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