@jm-metrailler.bsky.social
Insane that Bill Pulte is doing all this for *lower* mortgage rates.
August 26, 2025 at 5:49 PM
Insane that Bill Pulte is doing all this for *lower* mortgage rates.
Throw in domestic (Canadian) manufacturing investment commitments and I'm sold.
July 7, 2025 at 4:28 PM
Throw in domestic (Canadian) manufacturing investment commitments and I'm sold.
Yea. While I support the UGB expansion, this is a fair critique. Accounting tricks seem to be in vogue lately. See also: these well-celebrated exempt DC "savings" that are really just the same servicing costs being paid out of a different City Hall pocket!
www.cbc.ca/news/canada/...
www.cbc.ca/news/canada/...
London won't be on the tab for millions of dollars in developer fee exemptions: Mayor | CBC News
London Mayor Josh Morgan's push to get next year's tax increase under five per cent is a lot closer to reality. That's because the Ontario government has confirmed that cities won't have to cover the ...
www.cbc.ca
June 19, 2025 at 12:30 AM
Yea. While I support the UGB expansion, this is a fair critique. Accounting tricks seem to be in vogue lately. See also: these well-celebrated exempt DC "savings" that are really just the same servicing costs being paid out of a different City Hall pocket!
www.cbc.ca/news/canada/...
www.cbc.ca/news/canada/...
FWIW I think we are due for a big housing slowdown and I think the provincial pop projections probably *are* too optimistic. So a lot of this land just might not be developed for a while - in the UGB or not.
But that seems fine? I'd rather grow the UGB and and not need it than vice versa.
But that seems fine? I'd rather grow the UGB and and not need it than vice versa.
June 18, 2025 at 5:33 PM
FWIW I think we are due for a big housing slowdown and I think the provincial pop projections probably *are* too optimistic. So a lot of this land just might not be developed for a while - in the UGB or not.
But that seems fine? I'd rather grow the UGB and and not need it than vice versa.
But that seems fine? I'd rather grow the UGB and and not need it than vice versa.
Also strange that the PPS reqs re: adequate supply of land don't factor in land *at what cost*.
A limited UGB might be adequate in the sense that it could *physically fit* expected pop growth - but if it renders developable land is 2x the price per hectare vs. bigger UGB, shouldn't that factor?
A limited UGB might be adequate in the sense that it could *physically fit* expected pop growth - but if it renders developable land is 2x the price per hectare vs. bigger UGB, shouldn't that factor?
June 18, 2025 at 4:44 PM
Also strange that the PPS reqs re: adequate supply of land don't factor in land *at what cost*.
A limited UGB might be adequate in the sense that it could *physically fit* expected pop growth - but if it renders developable land is 2x the price per hectare vs. bigger UGB, shouldn't that factor?
A limited UGB might be adequate in the sense that it could *physically fit* expected pop growth - but if it renders developable land is 2x the price per hectare vs. bigger UGB, shouldn't that factor?
I've never quite understood the PPS requirement tying UBG to population growth projections. If we just required costs be fully internalized, wouldn't the market just set an optimal boundary based on expected pop. growth?
(fully internalized costs is a big "if", I suppose)
(fully internalized costs is a big "if", I suppose)
June 18, 2025 at 4:35 PM
I've never quite understood the PPS requirement tying UBG to population growth projections. If we just required costs be fully internalized, wouldn't the market just set an optimal boundary based on expected pop. growth?
(fully internalized costs is a big "if", I suppose)
(fully internalized costs is a big "if", I suppose)
The PPS effectively prohibits even small-scale privately serviced intensification in rural areas.
Growing an existing small urban settlement to a city does happen, yes.
But preventing *brand new* small urban settlements on rural land is still essentially a policy choice by the Province.
Growing an existing small urban settlement to a city does happen, yes.
But preventing *brand new* small urban settlements on rural land is still essentially a policy choice by the Province.
June 2, 2025 at 5:15 PM
The PPS effectively prohibits even small-scale privately serviced intensification in rural areas.
Growing an existing small urban settlement to a city does happen, yes.
But preventing *brand new* small urban settlements on rural land is still essentially a policy choice by the Province.
Growing an existing small urban settlement to a city does happen, yes.
But preventing *brand new* small urban settlements on rural land is still essentially a policy choice by the Province.
Still very little attention being paid to the US30Y approaching the highs of the April 8 midnight panic.
May 14, 2025 at 5:09 PM
Still very little attention being paid to the US30Y approaching the highs of the April 8 midnight panic.
"Heads you win, tails I lose" energy in USTs lately.
Not sure how Good China News and Bad China News can *both* consistently cause bonds to puke, but that seems to be the new reality.
Not sure how Good China News and Bad China News can *both* consistently cause bonds to puke, but that seems to be the new reality.
May 12, 2025 at 1:34 PM
"Heads you win, tails I lose" energy in USTs lately.
Not sure how Good China News and Bad China News can *both* consistently cause bonds to puke, but that seems to be the new reality.
Not sure how Good China News and Bad China News can *both* consistently cause bonds to puke, but that seems to be the new reality.
Everything the same except structurally higher Treasury yields apparently.
Bessent can't be happy ending all this with the US30Y at 4.9%.
Bessent can't be happy ending all this with the US30Y at 4.9%.
May 12, 2025 at 12:34 PM
Everything the same except structurally higher Treasury yields apparently.
Bessent can't be happy ending all this with the US30Y at 4.9%.
Bessent can't be happy ending all this with the US30Y at 4.9%.
Need someone to explain how both Good China News and Bad China News can simultaneously be bad for USTs.
May 12, 2025 at 12:32 PM
Need someone to explain how both Good China News and Bad China News can simultaneously be bad for USTs.
Where's the headline.
April 30, 2025 at 7:58 PM
Where's the headline.
Reposted
Sadly we represent a number of people on bikes attacked by motorists and so this kind of incident while definitely shocking is not a rarity. The vitriol and aggression on our roadways is terrifying and these incidents common. No more!
www.thebikinglawyer.ca/post/reporti...
www.thebikinglawyer.ca/post/reporti...
Reporting Road Violence - A Cyclist's Guide
The Biking Lawyer LLP guide for cyclists to report dangerous drivers and road violence.
www.thebikinglawyer.ca
April 30, 2025 at 2:13 PM
Sadly we represent a number of people on bikes attacked by motorists and so this kind of incident while definitely shocking is not a rarity. The vitriol and aggression on our roadways is terrifying and these incidents common. No more!
www.thebikinglawyer.ca/post/reporti...
www.thebikinglawyer.ca/post/reporti...
These days, oil seems to be the best proxy for the aggregate demand outlook than yields (and equities, frankly).
These wild swings at the long-end in particular are totally untethered from the macro growth view.
These wild swings at the long-end in particular are totally untethered from the macro growth view.
April 10, 2025 at 3:55 PM
These days, oil seems to be the best proxy for the aggregate demand outlook than yields (and equities, frankly).
These wild swings at the long-end in particular are totally untethered from the macro growth view.
These wild swings at the long-end in particular are totally untethered from the macro growth view.
Don't forget: we can go back to worrying about an obviously weakening US housing and labour market.
Funny thing is, the cycle was turning before the tariff war.
But at his own doing, he's now going to get the blame for *all* of it.
Couldn't have happened to a nicer guy.
Funny thing is, the cycle was turning before the tariff war.
But at his own doing, he's now going to get the blame for *all* of it.
Couldn't have happened to a nicer guy.
April 9, 2025 at 1:24 PM
Don't forget: we can go back to worrying about an obviously weakening US housing and labour market.
Funny thing is, the cycle was turning before the tariff war.
But at his own doing, he's now going to get the blame for *all* of it.
Couldn't have happened to a nicer guy.
Funny thing is, the cycle was turning before the tariff war.
But at his own doing, he's now going to get the blame for *all* of it.
Couldn't have happened to a nicer guy.
Yield rising means people are selling bonds.
April 7, 2025 at 2:24 PM
Yield rising means people are selling bonds.
What the hell is going on with long yields today. This seems impossible to reconcile with what's happening in equities.
April 7, 2025 at 1:50 PM
What the hell is going on with long yields today. This seems impossible to reconcile with what's happening in equities.
FYI, this = Oxford underpass flooded at the end of the Blackfriars levee. Had to play frogger across traffic this morning.
Level going down though and my guess is it will by passable by evening commute.
Level going down though and my guess is it will by passable by evening commute.
April 4, 2025 at 2:47 PM
FYI, this = Oxford underpass flooded at the end of the Blackfriars levee. Had to play frogger across traffic this morning.
Level going down though and my guess is it will by passable by evening commute.
Level going down though and my guess is it will by passable by evening commute.
Separate from a political "policy put", I really wonder where the strike on the Fed put is here.
My gut tells me it's below 4700.
Not a comforting thought.
My gut tells me it's below 4700.
Not a comforting thought.
April 3, 2025 at 6:29 PM
Separate from a political "policy put", I really wonder where the strike on the Fed put is here.
My gut tells me it's below 4700.
Not a comforting thought.
My gut tells me it's below 4700.
Not a comforting thought.
This tracks. Most prior "tariff selloffs" saw bonds rally on broad growth fears. Not seeing same today.
March 26, 2025 at 7:54 PM
This tracks. Most prior "tariff selloffs" saw bonds rally on broad growth fears. Not seeing same today.