Bruce Dowbiggin
Getting Real About Justin’s Real Estate Economy. It Won’t Last

Have you ever been to a concert where a hot new product like Tesla is mentioned and many in the crowd applaud in approval? Have you been at a dinner party when you say you went to a new Thai restaurant, and everyone at the table explodes in rhapsodic glee? Have you ever been to see a comic and he mentions he has the latest iPhone with the nifty camera and people actually cheer?
You see those people cheering a piece of tech or a style of cuisine? Those are the people who believed Justin Trudeau when he told them to sink everything into real estate when interest rates were near zero. They. Will. Believe. Anything. So long as they think it makes them cool kids. Trudeau could say he can control the weather by stopping cows from farting, and they’ll be wearing a bovine flatulence T-shirts pronto.
Now, we can hear you laughing in derision at our skepticism about the real estate-economy that has taken over the nation— the new economy that Justin fed, watered and then bragged about. (To the exclusion of the other cornerstones of our once-dynamic nation state.) The one that will be going to Market one of these days for a meeting with an air compressor.
Again, you laugh. Despite the housing shortage Justin says we can easily accommodate two million new souls a year, no problem. He says Trump was a vile racist for wanting to exclude unhinged radicals from zombie countries back in 2017. The freshly-arrived from Trump’s “shithole countries” with “shithole value systems” and “shithole economies’ will prop up the value of Canada’s two-million dollar cash-cow bungalow in West Van or Etobicoke. And the Happy People believe.
Why? Because Justin and his cabinet are in Control, and they’ll just rein in these types when they get here and start asking that Jews be exterminated or white people surrender the merit system to DEI droogs. That little dustup at the universities where nervous trust-fund virgins claim to be onside with systemic rape? Justin can stop them anytime. Everything is cool. After all, Canada is the model for a postmodern state.
And that stuff about how the Canadian real estate market being 80 percent propped up by drug money, kleptocracy profits and Blackrock? Pshaw. That is just the Far Right Diagolons trying to panic you into hiding your money from the government which just wants to send it to the “shithole” countries in a kickback loop. If nothing else, the banks will save you— if there’s any shareholder value left after this deranged DEI diversion.
Can’t happen here? We know people who were around the EU in 2008 when the U.S. mortgage debacle cratered economies around the world. For years they’d been served by Poles in the service industry, Spaniards in the restaurant kitchens and Bulgarians doing the physical labour. Life was good. Everyone drove a Beemer and owned a condo overlooking the sea.
Then, one day, they noticed that all the airport parking lots were overflowing with Beemers that went unclaimed. No one had paid rent in months. The banks noticed that all these lovely fellow citizens of the EU had drained their savings, reached their cash credit limit on the Mastercard and skedaddled with the dough. Funny, they all must have gone on holidays to once, no?
No. They were gone. Bye bye. Adios. And the credit bubbles in Ireland, Norway, Iceland, France and other EU worthies popped like the champagne they’d been sipping for years on easy credit and idiotic notions of productivity. Nations like Iceland went bankrupt overnight. Counties in England threw their keys on the table. People’s life savings evaporated.
But Justin says that won’t happen here on his co-watch with Jagmeet the Bespoke. Sure, no one under the age of 40 can afford those two-million dollar cash-cow bungalows in West Van or Etobicoke. But those old Boomer geezers will die soon, and after we tax the daylights out of the estate, the kiddos will inherit the house. Probably after we turn it into a four-plex or fine them for having empty bedrooms because they couldn’t afford kids.
One of the ferocious beauties of market economies is their way of periodically turning on themselves when too many people are getting rich too easily. The Canadian RE economy of Justin Trudeau is one of them. It’s about a decade old without any sign of dropping. Life is good. Everyone drives a Tesla and rents a condo overlooking the sea.
Little wonder. Everything he and his faculty lounge of dimwits like Chrystia Freeland, Melanie Joly and Steven Guilbeault have done this decade has been to prop up the value of real estate owned by their real pals in Asia, Europe, the assorted kleptocracies in Africa or the sub-continent. It was like an ad for Chlorox the way these “investors” blithely laundered their dirty money in Canadian condos and low-rises. When news leaked out that mobsters were using casinos in B.C. (where Justin’s maternal side came from) as a laundering station it was covered up very quickly.
But the clock ticks. Even Justin’s former finance minister Bill Morneau is warning that the bubble is going to pop if Justin keeps printing more money to keep the real estate values so unsupportably high. The entire middle class of Canada, which has ridden the real estate train, will see their life savings evaporate like Jody Wilson Raybould’s political career.
No matter. Justin’s been living in government housing since 2015 (some of it with his Mommy). What does a trust-fund nit know about making rent cheques or a mortgage payment? Without Sophie spending like a dervish, he never needs to look at an America Express card again. He’s got 17 more months to build up credits with his future benefactors, and he’s not applying the handbrake now.
Okay, you can applaud now.
Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster A two-time winner of the Gemini Award as Canada’s top television sports broadcaster, he’s a regular contributor to Sirius XM Canada Talks Ch. 167. Now for pre-order, new from the team of Evan & Bruce Dowbiggin . Deal With It: The Trades That Stunned The NHL & Changed Hockey. From Espo to Boston in 1967 to Gretz in L.A. in 1988 to Patrick Roy leaving Montreal in 1995, the stories behind the story. Launching in paperback and Kindle on #Amazon this week. Destined to be a hockey best seller. https://www.amazon.ca/Deal-Trades-Stunned-Changed-Hockey-ebook/dp/B0D236NB35/
2025 Federal Election
The Last Of Us: Canada’s Chaos Election

Show me good loser and I’ll show you a loser— Leo Durocher
There’s an expression that goes, you’re not allowed to die until all the people in your life have disappointed you. That trenchant observation is particularly relevant to those who woke up on April 29 to discover that their neighbours and friends in Canada have opted to give the federal Liberals (under new leader Mark Carney) another four years to continue Canada’s descent into irrelevance.
These are the same Liberals sans Carney who were polling in the low 20s six months earlier. Their cabinet members were quitting in droves. In the finest Wag The Dog tradition, a sure victory for Canada’s Conservatives was then transformed into a humiliating defeat that saw the Tories leader Pierre Poilievre lose the seat he’d represented for 20 years. The debate in the chattering classes now is how much was Poilievre’s fault?
In a minor vindication the Liberals were seemingly denied a majority by three seats (169-144) . How they balance that equation to advance their pet projects on trade, climate, gender, free speech, native rights and Donald Trump was unknowable Which is why the Grits have turned to dumpster diving MPs like Elizabeth May and keffiyeh-clad NDP to achieve a workable majority..

Suffice to say that neophyte Carney, without any support system within the Liberals, is being highly influenced by the Justin Trudeau faculty lounge left behind after the disgraced three-term PM slunk off into the night.
It’s not all beer and skittles. No sooner had the Liberal pixie dust settled than Carney was hit with Bloc leader Yves-Francois Blanchet announced unequivocally that energy pipelines were still a no-go in electrified Quebec. Alberta premier Danielle Smith lowered the requirement for a separation referendum from 600 K signatures to around 170 K— a very doable mark in pissed-off Alberta.
Saskatchewan premier Scott Moe outlined his demands on Carney if his province is not to join Alberta. And former British PM Tony Blair, who’d worked with Carney in the UK, announced that Carney’s pet project Net Zero was a loser for nations. Finally RBC revealed it was moving beyond diversity toward “inclusion” by removing “unconscious bias” among its upper ranks.
Such is the backwash from April 28. If you listened to the state-supported media on election night you might think that Trump had picked on poor, innocent friend next door Canada. His outrageous 51st state jest did send the Canadian political apparatus into panic. A Liberal party that proclaimed Canada a postmodern state with no real traditions (lowerering flags to half mast for six months to promote their Rez School genocide hustle) suddenly adopted the flag-waving ultra-patriotic visage of expatriate comedian Mike Myers.
Instead the commentariat was spitballing about how to make the House of Commons function more smoothly or if Carney should depart for Europe immediately or in a month to meet his true constituents in the EU commentariat. China? Wassat’? Urban crime? I can’t hear you. Canada as fentanyl capital of the West? Not interested.
Astonishingly, many people who should know better bought it. It was Boomers waking from a long nap to impose their cozy values one final time on the nation they’d created via Trudeau. Comfy ridings like Oakville, Burlington, North Vancouver, Ottawa Centre and Charlottetown mailed it in for another four years. Academic hotbeds like Western (London), Laurier (Kitchener), Waterloo, UNB (Fredericton), U Calgary (Confederation) Alberta (Strathcona) and UBC (Vancouver) also kept the radical dream alive.
Meanwhile shrieks of “Panic!” over Trump decimated the Bloc (22 seats) and the NDP (7 seats) with their support transferred to a banker-led party that had been poison to them only six months earlier. You could not have written a more supportive script for a party who had neglected the essentials in traditional Canada while pursuing radical policies to please the globalists of the West.

Speaking of time capsules, you’d have been hard-pressed to find a more retro scene than the one produced by the legacy TV networks. With their emphasis on the horse-race story the tone, the panels, the hosts could have easily been teleported from 1990s. While many were interested in the micro of government finance, most listeners were expecting maybe a word or two on the collapsed state exposed by Trump’s aggressive negotiating.
As we’ve mentioned often before, Canada’s allies are appalled by the takeover of the country by malign actors, drugs traffickers, money launderers, real-estate manipulators and Chinese subterfuge. Trump’s generic reference to the border was a catch-all for the corruption swallowing the election process and the finance of the country.
That avoidance was echoed by pollsters who spent the night talking about how the final figures reflected their findings. Except for those that didn’t— Conservatives vote tally over 41 percent and Liberals well under 200 seats. What was avoided was the cumulative effect of highly inflated Liberal polling during the campaign, the “why-bother?” narrative they sold to voters appalled by the Liberals manipulation of the process to switch leaders and hold a micro-campaign of 36 days.
While Donald Trump has announced he’ll work with Carney on tariffs, it’s still highly likely that this was the final Canadian election fought by the old rules where the have-nots (Atlantic Canada) the haves-but-outraged (Quebec) and the indolent (Ontario) control the math for making government. The money pump (Alberta, Saskatchewan) will seek to attract eastern BC and southern Manitoba to their crew. In the worst case Carney may be the nation’s final PM of ten provinces plus territories.
Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster A two-time winner of the Gemini Award as Canada’s top television sports broadcaster. His new book Deal With It: The Trades That Stunned The NHL And Changed Hockey is now available on Amazon. Inexact Science: The Six Most Compelling Draft Years In NHL History, his previous book with his son Evan, was voted the seventh-best professional hockey book of all time by bookauthority.org. You can see all his books at brucedowbigginbooks.ca.
Bruce Dowbiggin
Mistrial Declared in Junior Hockey Assault Trial. What Now?

With all the Elbows Up election idiocy you can be forgiven for missing the news this past week that the trial of five former members of the 2018 men’s gold-medal winning Team Canada hockey team was declared a mistrial just a day into the proceedings. The five have all plead not guilty.
On Friday the judge ordered a new jury be empanelled after a half day of evidence in the trial of the players who are accused of sexually assaulting a woman in a hotel room in 2018 in London, Ont. Superior Court Justice Maria Carroccia has not released the reasons she halted the trial. It comes after outrage over a civil settlement between the victim and Hockey Canada in 2020 forced authorities to pursue the criminal charges.
The graphic nature of the evidence so far promises dramatic testimony should the trial go its full length. Thoughts that one of the quintet might accept a plea deal to roll over on his former teammates— a goal of the police and prosecution— have so far been unrealized. It is expected that the victim will testify.

The low-profile start to the trial in the case is a contrast with the front-page treatment it received after excellent reporting from Katie Strang of The Athletic and Rick Westhead of TSN. At the time the charges were announced in 2024, Michael McLeod and Cal Foote were with the New Jersey Devils, Dillon Dubé was with the Calgary Flames and Carter Hart was with the Philadelphia Flyers. Alex Formenton had been signed by the Ottawa Senators but was playing in Switzerland.
The sensation was amplified by the role of Hockey Canada in the civil case, using funds to pay off the victim. Parliamentary hearings and front-page headlines added to the impact.
As we wrote in January of 2024, the hysteria encouraged the usual radicals to denigrate the national sport. “For the same reason that some think guns kill people, the toffs believe that hockey itself causes outbreaks of macho sexual behaviour. These people cheer for Sweden when it plays Canada because… Canadian hockey is just too down-market for them. Sweaty guys. Cold rinks. Meritocracy. Ick!

“We should clarify here that we mean men’s hockey. Womens’ hockey is not included in the loathing. In fact, metrosexuals from PM Justin Trudeau on down worship the wholesome new PWHL. Skippy recently gave a pep talk to the Ottawa players in their dressing room. Surprise. They lost.
“Players are married to rivals on other teams. Can you get more hip than that? Women’s hockey is nominally about winning; the real prize is equal pay for work of equal value. And the love of the Trudeau cabinet.
“But men’s hockey, with its crude meritocracy, must be shunned at all costs. Pediatric “experts” blame its emphasis on winning for causing kids to drop out.. So when the sordid tale of a 2018 multiple-sex allegation at a golf tournament arrived it warranted a hearing in the Commons, tut-tutting editorials by the score about the over-sexed nature of teenaged young hockey stars and multiple attempts to convict someone, anyone, for the act.
“That’s why the principals eventually pursued a civil case, where rules of evidence are less stringent. A civil case that Hockey Canada quickly paid off from a suspicious slush fund to end the ordeal for everyone. How’d that work out?
”Feminists and the non-binary set howled about this, but after the storm of outrage the media cycle disappeared from the public view. The 20 or so players on the 2018 Team Canada gold medal winners graduated into the NHL, and the league, which had no power to compel testimony nor a criminal charges to rely on, let them play.
“But pressure on police over the following months finally forced criminal charges. Butter cloak of secrecy prevailed. This was highly unsatisfactory. Who was under suspicion? Who was innocent? Player agents and lawyers kept their charges from self-incrimination at all costs.
“How will it end? Will there be convictions or will deals be done? In this time where social-media truths are fungible and Woke causes are paramount no one should hazard a guess. But one thing that will get an airing is the charge that hockey created this climate of sexual permissiveness. The sport must be condemned when its participants break the law.
You think that hockey caused this? That it doesn’t happen in the world of millionaire basketball or football or baseball players? Guess again. Cleveland Browns QB DeShaun Watson faced 24 sexual assault accusations. One former NBA player had seven children by six different women. Former MLB pitcher Trevor Bauer faced sexual assault charges from an alleged assault at his home.
How about the stories of young women who, like the young women pursuing athletes, went backstage at concerts and shows for a rendezvous with a famous rock star like Steven Tyler or Axl Rose and got more than they bargained for.
Or those who tried to climb the political or corporate ladder by submitting to power figures? Hello, Kamala Harris. This case is about power, stardom, privilege and exploitation. Ugly, yes. Life-wrecking for some. But trying to pigeon-hole hockey as the unique engineer of the tragedy is ignorant and irresponsible. “
Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster A two-time winner of the Gemini Award as Canada’s top television sports broadcaster. His new book Deal With It: The Trades That Stunned The NHL And Changed Hockey is now available on Amazon. Inexact Science: The Six Most Compelling Draft Years In NHL History, his previous book with his son Evan, was voted the seventh-best professional hockey book of all time by bookauthority.org. You can see all his books at brucedowbigginbooks.ca.
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