China & Canada – Money, Politics, Real Estate

CBC asks if the housing bubble will pop as a result of tightened capital controls?

Will China’s tightened capital controls pop the housing bubble?

China imposes further restrictions to control capital flowing out of the country

This month, the limit on foreign currency transactions in China was lowered to $9,000 to increase scrutiny on investment money flowing out of the country. Promoting some to fear this could be the catalyst that finally causes Canada’s bloated real-estate prices to collapse.

Obviously there will always be support for  real estate in Canada … forever expanding till the end of time (just our universe).

“International shoppers are ‘relatively minor players’ but there are a lot of other things going on in the Vancouver, Toronto, Seattle or San Francisco housing market that have continued to propel housing prices upward,” said senior economist Aaron Terrazas, of Zillow, a real estate market research company based in Seattle.

China caps capital

But what if buyers from China stop investing?

In January, new rules were created to curb the exodus of money overseas … only $65,000 per person is allowed in foreign transactions a year. On July 1, regulators dramatically lowered transaction limits to $9,000 before they must be reported to banking regulators.

‘Ants moving house’

It will have an effect, but it won’t be catastrophic, says Anne Stevenson-Yang, of J. Capital Research Ltd., She says the new controls are aimed at stopping “ants moving house” a Chinese term for getting a lot of people to make small money transfers to ultimately transfer enough to buy property.

But people find ways around the rules, she says.

Most important of all,

Homes still selling

Despite fears the recent 15-per-cent tax in Vancouver aimed at curbing foreign buyers would cool the market, Metro Vancouver saw $3.27-billion in foreign buyer sales in the past year … the market sizzles!

Home prices in Canada will keep rising, despite interest rate hike

“Canadian homeowners are prepared for the marginal increase in mortgage rates,” Phil Soper, Royal LePage’s president and CEO, said in a housing survey released Thursday.

While real estate is happening in China (at least at corporate level), 

Chinese real estate industry is set for an insane level of consolidation

 

Dalian Wanda Group’s $9.3 billion sale of nearly 90 tourist and hotel assets to Sunac China Holdings was just one indicator of the rapidly consolidating Chinese real estate market. Real estate companies in China are projected to spend more than $27.6 billion in acquisitions in 2017…. Basically, you buy me, I buy you =”Equity Bubble”, so to speak.

However,  some analysts do not quite share the same sentiment,

Chinese real estate investment is slowing down

Domestic real estate investment in China is dropping. Numbers released from the National Bureau of Statistics of China show that May’s property investment in terms of square footage was higher than last year, but still remained way below the baseline.

The decline in investment combined with cooling measures will likely result in a major drag on real estate prices in the country …Business Insider

And there is a lot of politics …

Ottawa’s despicable display in China

On the death of Nobel Peace laureate Liu Xiaobo and Canada’s efforts to wine and dine the prisoner’s tormentors

It would be hard to imagine a more obscene display of Canada’s slavish relationship with China’s depraved Communist Party regime: The very moment imprisoned democracy activist and Nobel Peace laureate Liu Xiaobo died under heavy guard on a hospital bed in the northeast city of Shenyang on Thursday, a beaming Governor General David Johnston was posing for photographs at the opulent Diaoyutai State Guesthouse in Beijing, shaking hands with Chinese tyrant Xi Jinping, Liu’s jailer, and tormentor.

For Canada, it’s business, business, more business, and public relations … Macleans.ca

Apparently the federal government’s inexplicable Investment Canada Act approval of the billion-dollar takeover of the Canadian seniors care home chain Retirement Concepts by the Anbang Insurance Group, a Chinese real-estate giant run by Wu Xiaohui, the billionaire husband of former Chinese supreme leader Deng Xiaoping’s granddaughter….

China Detains Chairman of Anbang, Which Sought Ties With Jared Kushner

On June 8, Wu Xiaohui was whisked away from Anbang’s corporate offices by Beijing’s anti-corruption police. He immediately stepped down from his post as Anbang’s chairman and hasn’t been heard from since. But Anbang remains in good standing with the federal government, and of course with the Canada China Business Council.

Anbang is listed as one of the Canada China Business Council’s 13 “benefactor” corporations, a status that entitles the Chinese behemoth to “front-of-the-line member-benefits” along with such well-connected firms as the Power Corporation of Canada, Huawei Technologies and Bombardier.

Does this tell you something? 

Anyway, here are the Seven Of The Weirdest Houses Ever Built … See the one in China, what does it tell you?

7  Weirdest Houses Ever Built

1.  Four shipping containers make up this three bedroom apartment in Sydney, Australia. They can be pulled apart for easy transportation.

2. These precarious looking houses were built were built on the rooftop of a factory building in Dongguan, China.

3. This house in Abuja, Nigeria is partially built in the shape of an airplane. The house was said to have been built by Said Jammal for his wife Liza because of her love for travelling.

4. Thierry atta sweeps the compound of his house built in the shape of a crocodile in Ivory Coast capital.

5. This house is built on a rock in river Drina, Baijina, Basta.

6. This house is built right into the rock in Coahuila, Northern Mexico.
7. This house was built upside down in Russia’s Siberian city of Krasnoyarsk. It was constructed as an attraction for local residents and tourists.
Amazing, isn’t it?!

Canadian real estate is doomed with Cover-Up, Censorship and Clampdown on Free Speech

Today, we heard someone has been charged by Toronto Police for exposing City’s scandals (details to follow …).

We will save Civil Liberty for the next topic.

The first question we have in mind is how will this impact real estate in Canada?

If you are one of the deep-pockets, will you park your money in a place where corruption is rampant?

Guess the answer is pretty straight forward – NO.

We know rich people like those from China moved their wealth abroad is because they don’t trust their corrupt regime. Similarly for deep-pockets from elsewhere, particularly those from the third world do it for the same reason  – they don’t trust their own corrupted backyard. Where law is toilet-roll scripts, so to speak.

In another word, your guarantee is as good as your political connections. Once that is gone (and it will be gone in a matter of time), whatever you own will be subjected to whim-ridden rule of men ie. the new power-that-be.

Why? Because in Corruptland, “Rule of Law is only for fun, whim-ridden Rule of Men is the reality“.

The fact that if speech is policed, information of public interest is censored, matters affecting the public is covered up, it will simply mean corruption in Canada is as real as the sun will rise from east.

Dear Deep-Pockets,

Will you park your money in a highly corrupted place and still sleep soundly at night?

Unless they have a reason to do so eg. they’re a part of the corrupted family, they have nowhere else to park their money, it’s only a temporary measure, etc. Guess no sane mind will say yes.

In another word, we are digging our own graveyard by disregarding law, cover-up wrongdoings, and censoring information of public interest.

This is not the constitutional foundation of Canada … If there is no corrective measures, Canada will go to the dogs.

No wonder we got this message from the Conservatives (we used to think they must be kidding, that things like this can only happen in Voodooland, not in a developed nation),

“Dear Canadians,

They police speech. They are shutting down events. They attack professors and guest speakers.

All across North America, free speech is under attack.

And sadly, it is under attack at the one place it should be most celebrated: universities.

Far from bastions of free speech and new ideas, universities are now often where free speech goes to die, as events are regularly shut down by perpetually offended protesters.

This is wrong.

During my campaign I spoke about the need for Canadian universities to foster free-flowing dialogue and debate.

Once elected, I will withhold federal grants from universities that won’t respect a diversity of viewpoints.

We believe universities should be a place for education – a place where young adults can learn to think for themselves by being presented with alternative opinions and ideas.

We don’t believe it should be a place that allows healthy debate to be shut down because it’s a topic someone, somewhere might disagree with.

Free speech matters and should be allowed everywhere – including on university campuses!

Sincerely,

Andrew Scheer
Leader of the Conservative Party of Canada”

________________

This can’t be the kind impression our Liberals government wanted – that the Liberals are no longer “liberal” but some kind of “Totalitarian Monster”?.

If so, God save Canadians … the country has gone to dogs.

Related: –

Struggling Trump Tower Toronto to dump the Trump brand amid legal battle

Exposé: Donald Trump Spent A Lavish Christmas Costume Party “Villains and Heroes” At The Owl’s Nest.

The struggling hotel condo has found a new owner, and a new brand is coming.

While U.S. President Donald Trump never owned the building, his Trump Organization licensed his name to and operated the property, which has struggled financially and been the focus of a long-running legal battle after opening in 2012.

Image Credit: Trump Tower Toronto Hotel which was taken from York and Adelaide, Toronto

Trump Tower Toronto to stop using Trump name and property management deal

The new owners of the Trump International Hotel and Tower Toronto have reached a deal that will see the Trump name removed from the property.

Earlier this year, Juniper Capital Partners and Cowie Capital Partners teamed up to buy 211 unsold hotel units, 74 residential units and most of its commercial, retail and amenity space after the development failed to make payments on a construction loan.

Pitched as a luxury condo and hotel development that would bring investors millions in rental income, the project was beset by construction delays and then diminishing returns from lower than expected occupancy rates for the hotel portion… CBC.ca

Toronto Trump Tower To Be Renamed Under New Deal

The 65-storey Toronto tower was built by developer Alex Schnaider, who formed the original business relationship with the Trump Organization.

His company, Talon International, later defaulted on a loan from an Austrian bank, which sold the loan to JCF Capital… 

Does the departure of Trump Brand has any significant impact to the Canadian Real Estate?

Guess nothing much, since purchasers have been losing money due to negligible occupancy. Perhaps “celebrities make bed sweeter to sleep on” is a myth after all?

Meanwhile, we got an insider story of Trump’s lavish party at the ‘Owl’s Nest’ estate …

Exposé

The Manson Donald Trump Spent A Lavish Christmas Costume Party “Villains and Heroes”

Donald Trump attended a lavish Christmas costume partying all night long at a Long Island mansion owned by a top campaign donor, billionaire Robert Mercer.

The party was held at Mercer’s ‘Owl’s Nest’ estate in Head of the Harbor, west of Stony Brook, NY. Mercer is Co-Managing Director of Renaissance Technologies, one of the world’s biggest hedge funds.

Trump did not wear a costume at the party, mingled with guests at the Mercer family estate for the annual Christmas party;  the theme was “Villains and Heroes.” An invitation to the annual December party is a coveted ticket in Republican circles.

Several strategists who helped engineer Trump’s upset win were attending, including incoming White House senior counselor Stephen Bannon and senior aide Kellyanne Conway.

Both Conway and Bannon have close ties to Rebekah Mercer, the daughter of hedge fund manager Mercer. The younger Mercer became Trump’s leading and most influential donor and urged him to bring Bannon and Conway into the campaign.

Here are a few images of Mercer’s mansion on Long Island, where the party was held.

The Owl’s Nest

Mercer is the Co-Managing Director of Renaissance Technologies, one of the world's biggest hedge funds.Billionaire Robert Mercer Mansion and Estate Called ‘Owl’s Nest’ in Head of the Harbor, NYHomes and Estates of Billionaires
Billionaire Robert Mercer Mansion and EstateBillionaires, The Inside SourceBillionaire Robert Mercer Mansion and Estate
One of the many mansions of Long Island, NYBillionaire Robert Mercer Mansion and Estate Called ‘Owl’s Nest’ in Head of the Harbor, NYAerial View of billionaire Robert Mercer mansion.Billionaire Robert Mercer Mansion and EstateRobert Mercer has sued a developer of a model train set he commissioned for supposed overbilling by $ 2 million. Billionaire Robert Mercer Mansion and EstateMercer has also been accused of not paying overtime wages to his employees.Billionaire Robert Mercer Mansion and EstateMercer is a major Republican donor.
Billionaire Robert Mercer Mansion and Estate Called ‘Owl’s Nest’ in Head of the Harbor, NY

Canada Tops Indebtedness, Vancouver’s Costliest Listing, Cooling Measures Backfires, Bubble Coming Back

Real Estate Roundup

  1. Global News reported Canada is a celebrity when it come to debts, not only houldhold debts, but also commercial debts that is heavily skewed toward real estate.
  2. While the real estate is entering a tumultous era, Vancouver shows off her most expensive listing ever – $63 millions Belmont Estate, a 21,977 sf home of billionaire Joseph Segal and his wife Rosalie.
  3. Meanwhile, HuffPost thinks Kathleen Wynne’s housing bubble cooling measures are way too drastic … Fail?
  4. The scariest thing is Housing Bubble is coming back to haunt the U.S. … Can you imagine what is it like for real estate of both Canada and the U.S. to tank at the same time?

Indebted Canadians using homes as ATMs

1. Canada Tops Indebtedness

Canadians pile up debt faster than anyone in the world

Canada accumulating private debt faster than any other advanced economy

We all know about Canada’s ballooning household debt. Hardly a day goes by without a headline warning about overstretched Canadians wallets, and policymakers have long been racking their brains about ways to rein-in families’ debt binge.

But another type of private-sector debt has ballooned — and with hardly anyone taking notice.

Since 2011, Canada has racked up an additional $1 trillion to its non-government debt, and most of the increase came from Canadian companies, not households, according to a new report by the Canadian Centre for Policy Alternatives (CCPA). Corporate debt increased $671 billion (in 2016 dollars) since then.

As a result, Canada now leads advanced economies in private-debt accumulation, which is one of the best predictor of economic crises, according to CCPA economist David Macdonald, who authored the report… Global New

What housing crisis?

2. Vancouver’s Costliest Listing – $63 millions Belmont Estate

Behold, Greater Vancouver’s most expensive real estate listing of all time

Check out what $63 million will buy you in Vancouver. The 22,000 square foot Point Grey home of philanthropist Joe and Rosalie Segal recently hit the real estate market and the Global 1 helicopter took a look… Global News

Images Source 

3. Housing Cooling Measures Backfires?

Way To Burst The GTA Housing Bubble, Kathleen Wynne

HuffPost believes Premier Kathleen Wynne plan has yet to do have any positive effect on the real estate market – and if anything has caused more disruption than anything else.

No data. No research. Listing terminations, for example, had almost tripled on a year-over-year basis. According to figures compiled via TREB, we have seen a movement from 681 termination listings on April 20, 2016 to 1,774 termination listings as of April 20, 2017, which is essentially proof that the market was already changing when Wynne decided to interfere with the housing cycle, which has basically stopped everything … That implementing so many big changes at once was not an appropriate or an informed decision … HuffPost

No data. No research?

Sorry, we beg to differ. We believe what Liberals are doing is politically correct = We think Liberals will reign supreme come next election.

Meanwhile, we are more concern about what is happening in the U.S. … We think the U.S. will have a major impact on our housing bubble, real or imagined.

4. Housing Bubble Coming Back To Haunt U.S.

Americans Are Pouring Money Into Their Homes Like It’s the 1990s

If you’re building or renovating a home in the U.S. these days, you’ve got plenty of company. Americans’ spending on residential construction projects — from the pouring of foundations to home improvement — just hammered out its strongest three-month … Bloomberg 

 

Americans Suddenly Sour On The Housing Market

High home prices have led many consumers to give us the first clear indication we’ve seen in the National Housing Survey’s seven-yearAmericans have been gung-ho in recent years about the housing market, bidding up prices with gusto as they went. But since then, some dark clouds have appeared …Seeking Alpha

And,

But the situation at home in China tells a different story,

Mirror, mirror on the wall, will Uncle Sam’s real estate belly up anytime soon?

Similarly,

How Trump Could Burst Australia’s Property Bubble

Perhaps we don’t have a housing affordability crisis, but instead a looming housing apocalypse.

Interest rates will inevitably rise from record lows, and record household debt levels will force many Australians to sell. A glut of homes will flood the market, not out of choice, but economic necessity, and the property bubble will burst.

In short, inflationary house prices are slowly killing the Australian economy.

President Donald Trump’s avowed commitment to massive infrastructure spending (conservatively estimated at US $200 billion) is another economic force likely to put upward pressure on US interest rates. If Trump manages to also cut income taxes, a further rush of money will enter the US economy, thereby stimulating employment and further increasing the costs of US borrowing.

Australia will not be unaffected by these developments. Interest rates will inevitably rise from record lows, and record household debt levels will force many Australians to sell. A glut of homes will flood the market, not out of choice, but economic necessity, and the property bubble will burst… HuffPost Australia

Canada Infrastructure Bank’s Impact On Real Estate

Today, the Conservatives are questioning the establishment of “Canada Infrastructure Bank”. Whereby the Conservatives charge that “the Liberal government is asking taxpayers for $35 billion—which roughly equals $1,000 per Canadian—to start a new “infrastructure bank.”

Obviously, our focus is folks-orientated as usual: So, how does the proposed “Canada Infrastructure Bank” benefit folks with “higher tax of $1,000 per Canadian”?

  • Does it increase value of real estate?
  • Does it make housing more affordable?

On a related note,

  • Does it bring more jobs?
  • Does it elevate income of Canadians?

or perhaps,

  • Does it make our planet greener?
  • Does it create any other benefits to folks that we cannot phantom at the moment?

Green Infrastructure?

Solar panels floating on a lake created by the collapse of abandoned coal mines, Liulong, China

Trust the Liberals will provide satisfactory answers to the questions (and beyond).

According the Liberals,

Canada Infrastructure Bank – Liberal Party of Canada

We will establish the Canadian Infrastructure Bank to provide low-cost financing for new infrastructure projects.

The federal government can use its strong credit rating and lending authority to make it easier and more affordable for municipalities to build the projects their communities need.

Where a lack of capital represents a barrier to projects, the Canada Infrastructure Bank will provide loan guarantees and small capital contributions to provinces and municipalities to ensure that the projects are built.

According to the Conservatives,

What is Canada’s infrastructure bank for?

If your banker asked for $1,000, you would probably reply: “what for?”

The Liberal government is asking taxpayers for $35 billion—which roughly equals $1,000 per Canadian—to start a new “infrastructure bank.”

So it’s fair for us to ask: “what for?” Let us go through the possible reasons until we find the real one.

The most obvious reason is to fund infrastructure. But there is nothing preventing private sector banks, capital markets, pension funds, and private equity enterprises from investing in infrastructure. In fact, they already bankroll trillions of dollars of construction projects—to the tune of $2 trillion worldwide, according to estimates in the government’s Fall Economic Update. With so much private money, the last thing we should need is a government bank to provide more. So that can’t be the reason.

Perhaps we need the new bank to bridge those private dollars into public projects, like mass transit? Yet, here again, the government’s Fall Economic Statement boasts that such investments are already happening. It cited the $2 billion Canada Line that moves over 120,000 passengers daily between Vancouver’s downtown, suburbs, and airport, with investment from SNC-Lavalin and Quebec’s Caisse de dépôt pension plan. Quebec pensioners helped build mass transit for British Columbians, whose transit fares help fund Quebec pensions.

But just as with the privatizations of the 407 toll highway in Toronto and the Canadian National Railway, there was no need for a government bank to attract private infrastructure dollars.

So what is the bank for?

The answer appears to have been given by the Canadian Electricity Association, in its submission to the House of Commons transport committee on how the bank should work: “Also important is the inclusion of derisking mechanisms such as loan guarantees….” Bingo.

In one sentence, the power companies explained the real purpose of this bank: taxpayer-funded guarantees that protect investors from losses. Indeed, the government bill that creates the infrastructure bank uses the term “loan guarantee” 14 times. So the power companies are onto something.

via Trillium Times, Conservative Party of Canada

Meanwhile, let’s take a look what interesting properties are up for sales: –

FOR SALES

73 Astley Avenue – ROSEDALE

Asking Price $2,650,000

4+1 bedroom, 4 bathroom house with 2 parking spots on a 33 x 222 foot ravine lot at 73 Astley Avenue in Rosedale.

In 2015, it was listed at $1,759,000. I’m not sure what it sold for.

It is now listed at $2,650,000.
___________________

For Sales

10 Highland Avenue – ROSEDALE

Asking Price: $22,000,000

Notes: PRICE DROP ($27,500,000 one year ago)

6 bedroom, 11 bathroom, 17,000 square foot house with 16 parking spots on an almost 1 acre of land at 10 Highland Avenue.

Everything is grand and DONE … Fit for the Queen.

One year ago when the asking price was $27,500,000. It never sold and it has now had a price drop. The new asking price is $22,000,000.
______________________________

For Sales

508 Delaware Avenue – DUFFERIN-DAVENPORT

Asking Price: $1,599,000

3 bedroom, 2 bathroom house on a 18 x 123 lot with a 3 car garage that ticked a lot of boxes of the then current design trends such as the bike on the wall, the lights, the industrial chairs, the antlers.

It was listed at $749,000 when it was last listed at the end of 2012. It sold for asking.

It is now back on the market with some good updates. The asking price is $1,599,000.
__________________________

For Sales

202 Howard Park Avenue – RONCESVALLES/HIGH PARK

Asking Price: $1,895,000

5 bedroom, 1 bathroom house on a 35 x 240 foot lot at 202 Howard Park Avenue in Roncesvalles/High Park.

It sold at the beginning of April for $1,009,000 with an asking price of $949,000.

The new asking price for this house is $1,895,000.
______________________________________

For Sales

17 Frank Crescent – WYCHWOOD/HILLCREST

Asking Price: $3,150,000

5 bedroom, 5 bathroom house with a detached garage on a 45 x 108 foot lot at 17 Frank Crescent in Wychwood/Hillcrest.

The new asking price is $3,150,000.
________________________________

For Sales

140 First Avenue – RIVERSIDE

Asking Price: $1,049,000

3+1 bedroom, 1 bathroom house with 1 parking spot on a 15 x 123.67 foot lot at 140 First Avenue.

The asking price is $1,049,000.

Sounds like a deal.

_______________________

Looks like there is no clear trend in term of market price yet.

Need financing options? Check out the Canada Infrastructure Bank – see if you can classify properties listed above as some kind of ‘Infrastructure”?

High Home Prices, High Deficits, High Costs, High Taxes, But Stagnant Income


Justin Trudeau giving a speech with the Vancouver skyline visible in the background

Message from Conservative Party of Canada:

“Canadian business magnate, investor, and philanthropist Stephen Jarislowski recently said:

“You do not build a prosperous nation by excessively taxing those who create prosperity and jobs.”

Unfortunately, Justin Trudeau didn’t get the message.

He should spend less time trying to get on U.S. talk shows and more time focusing on how he’s going to get us out of the fiscal mess he created.

As Conservatives, we understand the value of a balanced budget.

That’s why we balanced the federal budget in 2015.

But with Trudeau in charge, deficits have become the norm.  So much for his promised “modest” $10 billion deficits – now we’re looking at trillions of dollars of debt, and no balanced budget until 2055.

How is Trudeau paying for his out of control spending?  Higher taxes of course!

And the problem with that runs deeper than the immediate pain in your pocketbook.

With higher taxes comes the risk that Canada’s best and brightest entrepreneurs, companies, and corporations will look to greener pastures – where the tax burden isn’t so onerous.

Case in point – Trudeau’s carbon tax. 

Both Ontario and Alberta have already adopted carbon tax policies. And both provinces are seeing first-hand the negative impacts on their economies because of it.

Trudeau’s many mistakes aren’t just hurting our economy now – they’re putting the long-term health of our economy at risk, and burdening the next generation of Canadians with our debt.

We must ensure that Justin Trudeau’s damage is limited to one term only.”

To sum up, I see conservatives got a problem with policy taxing the wealthy (“those who create prosperity and jobs” = the deep pockets).

The related issue we have in hand is the overheated real estate market is also caused by the same “deep pockets”. And the dilemma is booming real estate obviously also creates prosperity and jobs (and lots of illegal immigrants as the “by product”?).

What can we make up out of a situation like this … “dilemma”? “Paradox”?

Anyway, the following statement by the Conservatives is certainly a valid point to ponder upon ...

“So much for his promised “modest” $10 billion deficits – now we’re looking at trillions of dollars of debt, and no balanced budget until 2055…  Higher taxes of course!”

Absurd Home Prices, High Cost of Living, Higher Taxes, but Low or Stagnant Income … Where does this lead us?

Hope it’s not going to be a bloody revolution like … The Arab Spring!

Is there a relationship between Democracy and Real Estate?

Conservatives alledged Liberals aren’t liberal, sorry, undemocratic.

Out of curiousity, we wonder if democracy is related to real estate? Or perhaps public housing?

Does the following message provide any clue for thought as far as the hotter than hot housing market is concerned? 

Message from the Conservatives …

“Making a mockery of our democracy

What is the one thing you can count on with the Liberals? Eventually, they begin acting like Liberals.

For all of his preaching about sunny ways, openness, and transparency, Justin Trudeau has provided exactly the opposite.

  • So far, Trudeau has taken part in a number of illicit, private cash for access events with Chinese communist billionaires.
  • Trudeau has spent hundreds of thousands of taxpayer dollars on vacations and lied about it.
  • The Liberals tried to re-write the rules of parliament – so Trudeau only has to show up for work once a week.
  • The Liberals tried to re-write the way we vote – without a referendum.

And most recently, Trudeau tried to put the interests of Liberal insiders ahead of the integrity of our democratic institutions.

They actually tried to appoint a new government watchdog – from within their own ranks!

Until yesterday they were trying to ram through the appointment of former Ontario Liberal cabinet minister, Madeleine Meilleur, as the next Official Languages Commissioner.

Canadians should have a hard time believing the only person qualified for this non-partisan role, is a life-long Liberal who supported Justin Trudeau’s own leadership campaign.

The Liberals are making a mockery of the appointments process. 

Madame Meilleur admitted to talking with Trudeau’s senior staff about the position and two of her former Queens Park employees now work for the Federal Minister of Official Languages.

The media also reported that other candidates for the position are critical of the nomination process, calling it “harmful” and “divisive.”

So, how could anyone expect this new Official Languages Commissioner to hold the Trudeau Liberals to account – when they’re on the same team?

They can’t! 

And that’s why our efforts to expose Trudeau’s cronyism forced Madame Meilleur to remove herself from the process.

Ironically, as a provincial minister, Madame Meilleur herself, introduced a law that required multi-party support for positions like this.

When it comes to appointing those tasked with holding the government accountable Canadians deserve better! There must be a non-partisan process!

Help us as we fight for fairness to our appointments process. 

Help us stop Justin Trudeau from making a further mockery of our government institutions.”

The billion dollars question: When democracy tanks, will real estate booms or dooms?

Your thought?