Wednesday, March 5, 2025

The Trump Effect on our Real Estate Market-Ever Changing

What's Happening in the Markets?

It has been a crazy few days. Lots of things are changing on the fly. Things could change back to normal, change to better times and relationships, or just to all-out war. This is how volatile American politics are with Donald Trump steering the ship, and we are just here for the ride.

I read an article that the Bank of Canada might need to lower interest rates to keep Canada afloat with a prolonged trade war. This means higher inflation. It also could spark another COVID-type real estate buying frenzy.

Remember the beginning of Covid, where I was preaching that the market would not fall, but most comments on my social media told me I was wrong and real estate prices would drop in half? Is this the same scenario?

Tariffs and Trade Wars

The 25% U.S. tariffs on Canadian goods and 10% tariffs on Canadian energy are enacted. The feds responded with 25% counter-tariffs affecting $30 billion worth of goods to start and $125 billion worth of goods three weeks later.

There are no two ways about it; the trade war will cause economic chaos, with a hit of up to 4.2 percentage points to Canada's annual GDP on the table. The pain began yesterday, with the loonie dropping below $0.69 and the TSX cratering after Trump said the tariffs were a go.

The path to ending the trade war is murky, with Trump saying there's "no room left" to negotiate. Even after launching a $1.3 billion plan to strengthen border security and appointing a fentanyl czar, Canada still hasn't done enough, in his eyes.

The head of the Canada Border Services Agency told the Globe and Mail that it was unclear what else the agency could do to change Trump's mind.

Let’s face it. Stop the bulcrap. This has nothing to do with the border. This is a broader plan from Donald Trump that we, as Canadians, have no idea what he is trying to really accomplish.

Canada's Retaliation

So, Ottawa announced 25% retaliatory tariffs on $30 billion worth of U.S. imports, including coffee, beer, apparel, and cosmetics. The tariffs will expand in three weeks to another $125 billion worth of goods, likely including categories like produce and autos.

Donald Trump responded with a Truth Social post threatening tariff increases, but the commerce secretary later said Trump might soon announce ways Canada could earn tariff relief.

While the immediate economic shocks of the tariffs are already being felt, the trade war is also stoking national unity. Many provinces are looking at ways to reduce trade barriers, support Canadian businesses, and hit the U.S. where it hurts.

Provinces like Manitoba, Ontario, B.C., Newfoundland and Labrador, and Nova Scotia are pulling some or all U.S. booze from provincially run liquor store shelves.

Ontario Premier Doug Ford said that cutting off electricity imports, cancelling a Starlink deal, and legislating the promotion of Canadian products by retailers were all on the table.

New Brunswick and Nova Scotia were uber-aggressive, barring U.S. companies from bidding on provincial contracts. Nova Scotia also doubled tolls for U.S. commercial vehicles.

These retaliatory measures show that Canada is not backing down without a fight. The trade war is quickly escalating, and there's no telling where it will go. One thing is for sure - the economic and political ramifications will be felt for a long time.

As a real estate professional, I'm monitoring how these developments impact the housing market. Will the threat of higher inflation and economic instability lead to another real estate buying frenzy, similar to what we saw at the start of the pandemic? Or will the uncertainty and financial strain lead to a slowdown in the market?

Only time will tell, but one thing is certain - these are truly unprecedented and volatile times. My followers of real estate news will want to stay tuned for the latest updates and insights. Feel free to reach out to me directly if you have any questions or would like to discuss the situation further. I'm here to help navigate these uncertain waters.

Brought for you by:

Your local Realtor®
If you are looking to either Buy or Sell, contact me at 705-927-6236
Brad Sinclair, Sales Representative
Team Lead at The Brad Sinclair Team
Royal Heritage Realty
Your inside source to cottage country

Monday, March 3, 2025

Find out what you don’t know-Phrases you didn’t know came from boating

A Boating Blog for Cottagers

Slang and Cottage Terms

As a cottager, you've likely heard (and used) many of these nautical terms in your day-to-day life. From describing the perfect weather as "hunky-dory" to telling your kids to "pipe down" when they're getting a little too rowdy, these phrases have become ingrained in our cottage culture.
But have you ever wondered where they came from? Many of these sayings have their roots in the rich history of seafaring and sailing. By understanding the origins of these nautical expressions, we can gain a deeper appreciation for the language we use and the stories they tell.
Take "bamboozle," for example. This term was once used to describe the cunning tactics of pirates, who would fly the flags of friendly nations to lure unsuspecting ships into their traps. Today, it's a common way to describe when someone has been fooled or deceived. The meaning may have evolved, but the underlying idea of trickery and deception remains.
Or consider "feeling blue." This phrase harkens back to the days when a ship's crew would paint a blue stripe or fly blue flags to signify the death of a captain or officer. While the specific nautical context may be less familiar to modern cottagers, the idea of feeling somber or melancholic still resonates.
And then there's "under the weather." This expression refers to the practice of sailors taking shelter in the ship's base during a storm, shielding themselves from the elements. Today, it's a figurative way of saying someone is feeling ill or unwell, but the original connection to seeking refuge from the harsh realities of life at sea is still evident.
As you sip your Caesar and gaze out at the calm waters of the lake, take a moment to appreciate the rich tapestry of nautical language that has become woven into our cottage culture. These words and phrases not only add a touch of seafaring flair to our everyday conversations but also serve as a reminder of the enduring connections between our land-locked lives and the vast, unpredictable oceans that have shaped so much of human history.
So, the next time you find yourself "running a tight ship" at the cottage or "learning the ropes" of a new outdoor activity, remember the proud nautical roots that underpin these familiar expressions. And who knows, maybe you'll even be inspired to try your hand at "tying a knot" or two - just don't forget to "batten down the hatches" first!

Bamboozle

Describing pirates who would deceive other ships by flying friendly nation flags, the meaning of "bamboozle" hasn't changed - it is still used when someone is fooled or cheated.

Feeling Blue

Used when a captain or officer died on the ship, the crew pained a blue stripe or flew blue flags to signal respect. Today, its meaning is similar but not exactly the same.

Under the Weather

When a storm would hit, the crew would hide out in the ship's base until the storm passed, meaning they were "under the weather." Today, it is a figurative way of saying someone is sick.

All Hands on Deck

This was a command for the crew to gather and help navigate the boat in a storm.

That Ship Has Sailed

You've missed the ship's departure and will not be able to catch another until next week - too bad for you. Today, it means you've lost your opportunity.

Batten Down the Hatches

Prepare for bad weather - get the "battens," planks of wood, to prevent water from entering the boat.

Sink or Swim

A morbid term used when suspected witches were captured to determine whether they were guilty or innocent of witchcraft. Either way, witch or not, the suspect would die due to drowning or be executed by officials. Today, it much less means face your fears to either succeed or fail.

Runs a Tight Ship

When the ropes were tight, this signaled that the captain was in control of the boat and crew. Today, it's a term to describe being organized.

Pipe Down

A signal to the crew to pipe down the hammocks and go to sleep. Today, it's a saying to tell your kids when they are being a little too rowdy.

Hunky-dory

Some sayings like 'hunky-dory' never die. One theory links this funky phrase to Honcho dori, a road in 1876 Japan, where sailors would go for some fun. Fast-forward to present times, we guarantee that your cottage dad also uses hunky-dory to describe the perfect day he just had.

Taking a Different Tack

Today, we use this phrase to describe finding another way to tackle a given situation. This comes from a nautical term that refers to finding another way to navigate the boat through wind in order to travel in a certain direction.

Learn the Ropes

A sailor would need to literally learn the location and use of the ship's ropes in order to be a successful member of the crew. Nowadays, it is more broadly used to mean getting acquainted with the skills and basics for a new setting, usually as a first step to being a helpful part of the team (which at a cottage could include using rope to tie a knot—but only if you really want to).

Bottom's Up

Did you know that men used to be tricked into joining the navy? Recruiters would put coins at the bottom of beer glasses, and when the unsuspecting sailor got to the coin, it was deemed that they'd taken payment for joining the Royal Navy. A drinking mate would say "bottom's up" to hint that a friend should check the bottom of their glass to avoid the coin. Presently, there's no tricks at play—just a clink! And a lighthearted "bottom's up," as we cheers our homemade Caesars to a great weekend at the cottage.

Brought for you by:
Your local Realtor®
If you are looking to either Buy or Sell, contact me at 705-927-6236
Brad Sinclair, Sales Representative
Team Lead at The Brad Sinclair Team
Royal Heritage Realty
Your inside source to cottage country

A blog about quick interesting stuff happening today

A blog about interesting stuff

In this blog post, we've explored various engaging and thought-provoking topics, from the potential impact of a new cryptocurrency reserve to the challenges facing the juice industry. We've also delved into the high-stakes world of Canadian politics, examining the upcoming Liberal leadership race and the potential ripple effects of changes to daylight saving time.

Interesting quick facts

Trump's tariff deadline. Donald Trump's Commerce Secretary, Howard Lutnick, reiterated the President's threat to impose tariffs on Canada and Mexico tomorrow but said the details of what they would cover and how large they would be were still TBD. Trump had previously suggested that he may not impose tariffs at all this week and instead wait until April, but he seemed to walk back from that plan last week when he said tariffs were still planned for March 4.
Liberals pick new leader. The Liberal Party of Canada will choose a leader to replace Justin Trudeau on Sunday. The party says that 79,000 people have been verified as eligible to vote, though that number could increase. The new leader will immediately decide whether to bring Parliament back or try to trigger a snap election.
Daylight saving time begins. Most Canadians will set their clocks ahead an hour on Sunday as daylight saving time begins. Not to stress you out, but it might be wise to take it easy for the first few days after the switch: Recent studies have shown that the risk of heart attacks and strokes measurably increases in the weeks after we spring forward.
US President Donald Trump announced that he will create a new cryptocurrency reserve.
US$30 million. An emergency loan was recently given to Tropicana by its controlling stakeholder. With slumping sales, the juice company could be heading to bankruptcy.
~80%. Share of potash used by U.S. farmers that comes from Saskatchewan. The mineral, used to fertilize crops, could become far more expensive for farmers in a trade war.

A Cryptocurrency Reserve to Rule Them All

In a surprising move, US President Donald Trump announced that he will create a new cryptocurrency reserve to be used as the world's reserve currency, replacing the US dollar. This bold decision comes amidst growing concerns over the stability of fiat currencies and the rise of decentralized digital assets.

The new cryptocurrency, tentatively named "Trumpcoin," will be backed by a diverse portfolio of assets, including gold, real estate, and other commodities. Trump has touted this move to "make America great again" by securing the country's financial future and reducing its reliance on foreign currencies.

"The US dollar has been the global reserve currency for too long, and it's time for a change," Trump said in a press conference. "Trumpcoin will be the new standard, and it will be the best, the biggest, the most tremendous cryptocurrency the world has ever seen."

Critics of the plan have voiced concerns over the potential for abuse and manipulation, given Trump's history of controversial financial decisions. However, the administration has assured the public that Trumpcoin will be subject to strict regulations and oversight.

The Twilight of Tropicana

Once a staple of American households, Tropicana faces a dire financial situation. The juice company, a subsidiary of PepsiCo, has recently received a $30 million emergency loan from its controlling stakeholder to stave off bankruptcy.

The troubles at Tropicana can be primarily attributed to the changing consumer preferences in the beverage market. Health-conscious consumers have increasingly turned to alternatives like plant-based milks and sparkling waters, so the demand for traditional fruit juices has declined.

"Tropicana just couldn't keep up with the times," said industry analyst Sarah Brenner. "They were stuck in the past, relying on the same old orange juice formula that didn't resonate with today's consumers."

The ongoing trade war has exacerbated the company's struggles, which has driven up the cost of key ingredients like citrus fruits. With little room for profit, Tropicana has been forced to make difficult decisions, including layoffs and plant closures.

"It's a sad day for Tropicana, and for the juice industry as a whole," Brenner said. "But unless they can find a way to reinvent themselves and capture the attention of modern consumers, I'm afraid this may just be the beginning of the end."

The Potash Predicament

As tensions between the United States and its neighbors continue to escalate, one unexpected casualty may be the humble potash industry. Potash, a key ingredient in many commercial fertilizers, is a vital resource for the nation's agricultural sector.

What's the problem? Well, it just so happens that around 80% of the potash used by U.S. farmers comes from the Canadian province of Saskatchewan. And with the threat of tariffs looming, the cost of this essential mineral could skyrocket.

"Farmers are already operating on razor-thin margins," said agricultural economist Dr. Jill Harrington. "If the price of potash doubles or triples, it could be enough to put many of them out of business."

The implications of such a scenario are far-reaching. With crop yields potentially plummeting, food prices could soar, putting household budgets and food security at risk.

"It's a classic case of unintended consequences," Harrington said. "The Trump administration may think they're punishing Canada, but in reality, they're hurting American farmers and consumers."

Of course, there are alternatives to Saskatchewan potash, such as deposits in Russia or Belarus. But accessing those sources would be logistically and financially challenging, at least in the short term.

"The best-case scenario is that cooler heads prevail, and the tariff threat is averted," Harrington said. "Otherwise, we could face a perfect storm of rising food prices and dwindling farm profits. And that's not a future anyone wants to see."

The Perils of Daylight Savings Time

As most of us prepare to set our clocks forward this Sunday, we must be mindful of the potential health consequences of daylight saving time.

Recent studies have shown that the transition to daylight saving time can have a measurable impact on public health, with a noticeable increase in the risk of heart attacks and strokes in the weeks following the change.

"The loss of that one hour of sleep can really throw our circadian rhythms out of whack," said Dr. Samantha Walters, a sleep specialist at the National Sleep Foundation. "And when our bodies are under that kind of stress, it can have serious implications for our cardiovascular health."

But it's not just our hearts that are at risk. Disruptions to our sleep patterns can also lead to other problems, including increased fatigue, reduced productivity, and even a heightened risk of accidents.

"It's important for people to be mindful of the potential dangers and take steps to mitigate the effects," Walters said. "That might mean going to bed a little earlier in the days leading up to the change, or being extra vigilant behind the wheel."

Of course, the benefits of daylight saving time, such as longer daylight hours and potential energy savings, have long been touted by its supporters. But as the evidence continues to mount, it's clear that the risks shouldn't be ignored.

"At the end of the day, our health and safety have to be the top priorities," Walters said. "And if that means reconsidering the merits of daylight saving time, then so be it."

The Liberal Leadership Race

As the Liberal Party of Canada prepares to choose a new leader this Sunday, the stakes couldn't be higher. With Justin Trudeau's political future uncertain, the next leader will have to hit the ground running, facing a host of challenges both at home and abroad.

One of the new leader's first decisions is whether to bring Parliament back into session or try to trigger a snap election. With the Conservatives and the NDP both eager to capitalize on the Liberals' recent woes, the new leader must tread carefully.

"It's a delicate balancing act," said political analyst Emily Chambers. "On the one hand, the new leader will want to assert their authority and put their stamp on the party. But on the other hand, they'll need to be mindful of the political landscape and avoid alienating key voting blocs."

The race to replace Trudeau has been a lively one, with several high-profile candidates throwing their hats into the ring. From seasoned veterans like Chrystia Freeland to rising stars like Sean Fraser, the field is a diverse one.

"Whoever emerges victorious will have their work cut out for them," Chambers said. "They'll need to heal the party's divisions, reconnect with disillusioned voters, and chart a clear path forward. And they'll have to do it all while navigating the treacherous waters of Canadian politics."

With 79,000 party members already verified as eligible to vote, the new leader will be chosen by a ranked ballot system. And while the outcome is far from certain, one thing is clear: the future of the Liberal Party, and indeed the country, hangs in the balance.

"This is a pivotal moment for the Liberals," Chambers said. "The next few weeks could very well determine the direction of Canadian politics for years to come."