#reactivate old Hotmail account
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How to access my old Hotmail Account?
If you are wondering regarding the recovery of your old Hotmail account, then you have come to the exact right place. Here in this paper, we are about to share the things that are going to help with your Hotmail account access. So without any further ado, let us get straight into this.
Hotmail which has now gained fame as Outlook is a Microsoft product and in order to regain access to your Hotmail account, the users are required to first create an alternate outlook email address so that you are able to receive important updates that are required to get access to your old Microsoft account.
New account creation is a simple process and doesn't require much work. You just need to provide the necessary details that are mandatory in order to create your email account with Outlook/Hotmail.
Once you have created a new account for yourself, you then need to follow the steps that are mentioned below to be able to Recover old Hotmail account. Perform the steps mentioned below under and you will be good to go.
First and foremost, the users are required to visit the following link that is www.account.live.com/acsr.
Here, you will be asked to provide details regarding your Hotmail Account credentials that you are trying to recover.
Enter your Hotmail email address followed by the phone number.
Along with this, the users are also required to provide the username that was associated with their Hotmail account.
Once you have entered the details for the Hotmail Account which you are interested to recover, you will now be asked to provide details regarding an alternate account so that Microsoft would be able to send the data there so that you will be able to recover your Hotmail account.
Enter the Captcha code and you will be redirected to yet another page.
Follow the on-screen instructions and then you will be good to go.
This would finally reactivate old Hotmail account.
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Hotmail Sign up
Sign In
I found that my Norton Internet Security firewall had been configured to dam entry to secure websites. Since I might entry secure sites on my old dial-up service, I am assuming that the installation of DSL had one thing to do with my firewall being reconfigured. After making an attempt a number of of the options in your article with no success, I turned off my Norton firewall, as you instructed, and I was capable of access my Hotmail account.
Signing out will drive you to return to the sign in display screen in order to use the service once click here more. On that signin screen are the options to save lots of/bear in mind and so forth, which you'll then make certain are set the way in which you need. I have been in contact with microsoft with trying to resolve the problem of opening hotmail, and moving into some of my favorites in internet explorer. If anybody gets any data please ship me e-mail or add me to msn.
since msn is flakey be at liberty to send me an email. i was also having massive time connection issues…but the two accounts by no means appear to be affected at the similar time. I had the identical check in problem with eHarmony, once more instantly after putting in DSL, and now I can access each eHarmony and Hotmail with no issues.
See the retailer’s intructions for more hotmail.com information. Sorry, we had been unable to signal you into Windows Live Messenger right now. If you are attempting to reactivate your Hotmail account, we’re sorry but your request cannot be processed right now.
Your firewall may be blocking Windows Live Messenger from connecting to the service. Please evaluate your firewall settings.
As quickly as I accessed Hotmail, I turned the Norton firewall on, and I was able to use all the capabilities of my Hotmail account. With your assist, I have managed to resolve my Hotmail check in problem. I have a Dell, running Windows XP and Norton Internet Security, and my downside first occurred instantly after I switched from dial-up service to DSL. I clicked on one hyperlink a good friend sent me in a chat in MSN Messenger.
Question asked by someone else at Yahoo solutions, but no answer. I’ve been having this problem for a couple of month now, I can not signal into msn on any pc in my house. Windows Live Messenger has made a number of failed makes an attempt to signal you in.
complete the login, simply make sure that possibility isn’t checked. You can check in or sign up at other Windows Live ID websites and providers, or try once more later at this site. Same factor occurs regardless www.hotmail.com sign up of how I attempt to get to sign-in web page, even with google search for Hotmail Sign-In. if I knew which one to delete, I might stay with that. As I stated, I am not the one one with this OS using Safari with this problem.
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New Year New Love Starts with Rewiring the Brain!
New Year New Love is your desire. Why most New Year resolutions don’t pan out? Because they come out of the same brain. So first of all your New Year resolutions should be to get a new brain first.
How was your love life this year? Has it been same ol’ same ol’ (read: going nowhere) or have you seen any improvement, presumably because/since you found me?
I hope so. I’m so passionate about your success. Your success is my success so I’m so invested in your happiness. I’m a happy person and I want everyone to be as happy as I am.
And as you are happy, you will invite more happiness. Misery will invite more misery so care about your state of mind everyday. Your future is a reflection of how you live your life day to day. If you are a happy person every day for no particular reason, you can safely assume that will be your future too.
So want a happy relationship? Be happily single first. Right here, right now. And I can show you how.
New Year New Love Depends on your Happiness!
You read that right. It’s not the other way around. Many think well I will be happy when I find love, but the opposite is true. You will find love when you find your happy first!
Happy people attract healthy relationships and they make happy relationships. Not the other way around. So if you feel lack now, that’s something to work on first and foremost. Heal that part of you first. If you are starkly aware of the lack in your life, you will attract more of the same.
My success in helping so many of you (47 engagements total so far reported for 2016, 50 last year) is because I focus on the one thing that really matters: your self-growth.
So your new year resolutions should be on how to get a new brain, the one you can transcend so it doesn’t take over your sanity. Here are some pointers of how a new brain will turn your life upside down:
Have you always felt out of control? Are you always looking for signs for the other shoe to drop with men or in life in general? Like you feel like you always have to be in the pursuing mode for things to happen and stay that way for you?
Do you feel like you are carrying this huge bulk inside of you? That is what resistance is. What are you resisting, do you even know?
Has your mind been unable to stop with its nonsensical chatters and anticipation of the future so that you are driven by the impulses it creates? Is anxiety your default mode?
Do you feel like you should be somewhere else doing something else? It’s like you never feel home? Do you always feel short of what society expects of you? Do you feel like you are never really here with your body, there is a constant fight inside of you because you wish things were different?
If you feel one or more of the above symptoms, you clearly are out of alignment. Even if you find a man who cherishes you, sooner or later that mind obsession will derail the good things you have between the two of you. The mind never lacks any resources to find problems in everything.
“I was explaining to a friend today how my bf and I reconciled. She asked if I ‘laid down the law’ and told him all the things that HE needed to do to change or I would walk! I said – absolutely not!! I replied that by ‘holding up the mirror and looking at my own reflection’ – I am the one that needed to change! Releasing and healing old wounds, letting go of any expectations/insecurities, softening my boundaries and being feminine. Sadly, she didn’t get it! I would never have ‘got it’ either, had I not stumbled across Kat’s teachings. And the best part of it all, I’m reaping the rewards 100-fold from my guy! He’s responding to my calm and drama free spirit. We FEEL like giddy love-sick teenagers! Loving this .” ~Janice, Papua New Guinea
I have had all sorts of problems with my website this year. Don’t get me wrong, life is still a pain sometimes even when your mind is in complete alignment with your heart like mine is. The only difference pain doesn’t equal suffering. Pain is inevitable but suffering is an option.
I have lost thousands of dollars earlier this year through cyber theft (you got my emails informing you just that, didn’t you?), not to mention all other challenges growth brings. But nothing can’t be transcended and I overcame all that and came out in one piece.
And I just bought my dream home less than 2 weeks ago! We’re moving into our sanctuary just in time for Christmas and New Year. And the success I enjoyed is because I understand how the mind works. My mind is my greatest tool and servant, not my master. So long you are still servant to the mind, nothing will ever change in your life.
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Weekend Reading List!
TorontoRealtyBlog
When your “favourites” drop-down menu in Google Chrome is too long to fit on the page, it’s time to clean it up.
Those links to sellers on eBay that you haven’t visited in a while, and the Hotmail account that you never use – as though you can’t just type “hotmail” into the search bar, which probably takes less time than scrolling through your favourites.
It’s time for me to clean out my favourites list, and I’m starting from the most recent.
Every week, I bookmark about 30 newspaper articles, and by the end of the weekend, I make sure they’re all read.
That makes for a lot of late Sunday nights when I should probably be in bed, but any article bookmarked and not read leaves me that much less informed.
I’m sitting here right now with a slew of real estate articles from the past week, and I realized that they’re all about different topics. In fact completely different topics.
Affordable housing, condo-flipping tax cheats, anti-landlord legislation, and first-time-buyer affordability.
So I figured, what could possibly be a better topic on a Friday morning?
Plus, I’m sure by now, you’re tired of hearing about Michael Cohen, Justin Trudeau, and Ariana Grande.
Here are the four articles, excerpts, and my thoughts. But do yourself a favour – read the articles! Even if you do so in bed, on Sunday night…
Globe & Mail, February 26th, 2019
“Affordable Housing Becomes Singular Focus of Toronto’s New Real Estate Czar”
Maybe I’ve been watching too much Narcos on Netflix, but when I see “Czar,” think drugs.
In this case, it’s actually about real estate. But ever since our government decided to start selling weed, I wouldn’t put anything past them…
“CreateTO” is a real estate agency operating at the City of Toronto level, which very few people in Toronto have even heard of. A quick poll of my office shows that 0/6 people know what this agency is.
According to the City of Toronto website:
Launched on January 1, 2018, CreateTO is the City of Toronto’s new real estate agency established to manage the City’s real estate portfolio, develop City buildings and lands for municipal purposes and deliver client focused real estate solutions to City divisions, agencies and corporations
CreateTO is part of the City-wide Real Estate Transformation, which for the first time allows the City to apply a city-wide lens to ensure the effective use of all of the City’s real estate assets.
As a catalyst for city building, CreateTO leverages the City’s real estate to ensure its best use and create new opportunities.
There’s more fluff on the site, but the “City-Wide Real Estate Transformation” link is worth a read. This nugget warrants discussion:
The new agency will be led by a nine-member board of directors, comprised of two Councillors, the Mayor or designate appointed by the Mayor, and six public members, one of whom chairs the Board. The real estate delivery model will be coordinated and aligned through key governance mechanisms.
Right. So in my mind, I see the creation of even more government, which as we know, doesn’t necessarily mean either efficiency, or action.
Nevertheless, the “czar” and CEO of CreateTo has put his money where his mouth is according to the Globe & Mail article:
The new CEO of Toronto’s centralized real estate agency, CreateTO, says success in his new job will be measured by just one yardstick: how much affordable housing the city manages to build.
“It’s the burning platform,” said Brian Johnston, a former Mattamy Homes executive whose appointment was ratified by city council last month. “I think this organization will be measured on its success in that area. And the city will be measured, and the mayor will be measured. I think everybody’s got the message.
The city of Toronto has over 8,400 properties (buildings, parking lots, vacant land) worth $27 Billion, from which CreateTO is looking to complete 40,000 new affordable units in the next 12 years, which was Mayor John Tory’s stated goal last year.
In my opinion, and this is one of the rare times I will applaud any level of government, Brian Johnston is the perfect person to be the CEO of CreateTO. As a former executive of Mattamy Homes, a private company, perhaps he can take his business acumen to the public sector. At the risk of ruffling any feathers here, let me say that I believe the private sector runs any and every industry more efficiently than the public sector. Can we possibly disagree on that? Yes? No?
In order to be successful at squeezing blood from a stone, the CEO of CreateTO needs to be a businessman or woman, and not just another political mouthpiece.
I’m very pleased with this announcement.
CBC News, February 25th, 2019
“First-of-its-Kind Registry In B.C. Targets Under-The-Radar Condo Flippers”
Now here’s an idea!
When it comes to drama and real estate, British Columbia is always at the forefront.
Let’s not forget that it was only three years ago that Globe & Mail reporter, Kathy Tomlinson, shocked the country with her massive expose on Shadow Flipping in the Vancouver real estate market. If you’re new to TRB, or real estate, or both, read that article link!
After the shadow flipping came tax dodging, again exposed by Ms. Tomlinson in the Globe & Mail. The government of British Columbia reacted with investigations, and legislation, but as is always the case, it was after the problems came to light.
Then came conversations about speculation taxes and vacancy taxes, end eventually the government implemented some of these tools, along with the now-famous 15% “Foreign Buyer’s Tax.”
Time went on, and more problems arose in British Columbia, with more promises to clean things up by the government.
In 2018, Kathy Tomlinson was back at it again, revealing a money-laundering scheme in B.C., and once again, the government reacted.
So here we are in 2019, and the government of British Columbia has decided to “partner” with developers to compile a database of condo assignors (ie. those who purchase the paper, and eventually flip to other buyers), in order to ensure the assignor/flipper pays taxes.
It’s great.
But it begs the question: why is this only happening now?
As was the case with EVERY single story that Kathy Tomlinson broke over the last three years, the government is always reactive rather than proactive. Perhaps it’s fair to suggest that condo-assignments were a relatively new animal, and it took some time to figure out what was going on, and how to deal with it, but assignments have been around for over a decade. Why is the government only reacting now?
From the article:
The Ministry of Finance says the Condo and Strata Assignment Integrity Register will improve fairness and transparency in property transactions.
Finance Minister Carole James said in a news release that the register will take “real action to moderate the condo market” and is already starting to see results in Metro Vancouver.
Condo developers will be required to securely gather and report the identity and citizenship of anyone completing a contract assignment in a project.
Developers are now required to collect and record assignment information and file a report each quarter, with the first due April 30, covering the period from Jan. 1 to March 31, 2019.
“The B.C. government will use this information to ensure that people who assign condos are paying the appropriate income tax, capital gains and property transfer tax,” the release says.
It’s interesting to note that the NDP government in B.C. released a “30 Point Housing Plan” last year, which clearly trumps the Ontario Liberals’ 16-Point-Plan from 2017, oh, I dunno, I’d say, by about fourteen points…
“The Way To Solve The Rental Crisis: Be Nicer To Landlords”
Why would anyone in their right mind get into the apartment business?
That sub-heading says it all.
And yet despite the logic behind that sentiment, things are only going to get worse for landlords.
Why, well, it’s just the way society is going, in my opinion.
Forgive my political, old-man, Chicken Little tangent here, but look what’s happening south of the border right now. There’s a mad-man in the White House, and all the Democrats had to do in order to take back power in 2020 was not go crazy. Just show up, keep quiet, and wait. And yet what did they do? They went crazy! From January 1st onwards, it’s been 70% tax rates, eliminating all air travel within 10 years, because the world is going to end in 12 years (fact), and my favourite: shaming people who are successful. Elizabeth Warren is Tweeting that Jerry Jones is evil because he purchased a yacht with his own money? America doesn’t like Trump, but they like extreme-socialism even less.
So that’s my rant.
And the takeaway is that it has never been less ‘woke’ to be successful, and it’s never been more frowned upon to have.
So why would the government, at any level, in any jurisdiction, protect landlords that have a second property? That have the means, from hard work, and after-tax dollars, to invest?
They wouldn’t.
And they won’t.
And this article, while making perfect sense, is going to fall on deaf ears. “Being nicer to landlords” is equally as much a fantasy as AOC’s “Green New Deal.” Maybe more, and that’s saying a lot, for those of you who follow U.S. Politics.
Globe & Mail author, William Watson writes:
Why would anyone in their right mind get into the apartment business? Think of the obstacles to making your money back. Restrictive zoning, comprehensive regulation, zealous activists, rent control, high property and income taxes, new proposals to tax wealth, direct competition from subsidized government housing, and so on and so on. Putting up an apartment building isn’t quite as hard as building a pipeline, but it is in the same ballpark.
The comments on this were somewhat split, with a handful of people calling this a “propaganda piece,” but most people agreeing.
A sample of the comments from page one sheds some light on how readers feel:
National Post, February 24th, 2019
“Five Things The Government Could Do To Help Canada’s Stressed Out Home Buyers”
We had this conversation a while back on TRB, discussing what changes the Liberal government, provided they win the next election, are going to make in order to make home ownership in Canada easier.
The five solutions this author has come up with:
1) Allow longer amortizations. Bring back the 30-year, CMHC-insured mortgage that we had before 2012
2) Adjust the stress test. Citing 20% fewer mortgage originations among young Canadians.
3) Bigger first-time home buyer credits. Possibly doubling the credit from $750 to $1,500.
4) Build affordable housing. More government-subsidized housing for low-income earners.
5) Do nothing. Perhaps the most responsible suggestion for those who believe in the free market.
I honestly think we came up with a better list when we discussed this last month, but at least this article gets people thinking.
Not everybody out there reads TRB, and not everybody sits around and ponders (or agressively discusses on a message board…) what the government could do in order to increase housing affordability, and/or whether they should do anything at all.
The comments on the National Post article, however, seemed to all draw connections between higher housing prices, and increased immigration and foreign buyers.
I would add that as point #3 goes, I don’t agree with NDP leader, Jagmeet Singh, and his proposed subsidy for anyone paying more than a third of their income on rent payments. It surmises that people are responsible with their finances, and thus the only people spending more than a third of their income on rent are those that have no choice. But if the former were true, there would be about 100,000,000 less iPhones in circulation today, as well as other consumer goods, but I digress…
I agree that the government should build more affordable housing. Start today. Start yesterday. Just like I say about public transit: start building, and don’t ever stop. We’re never “finished.”
But I would also be in favour of longer amortizations, reducing the stress test from 2.0% to 0.75%, and sure, why not double a tax credit that will have very little effect – $750 to $1,500. I mean, that’s just a new iPhone XR for most people.
Have a great weekend, everybody!
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Be Your Own Privacy Watchdog By Alison Treadaway
The spotlight on Europe’s privacy regulation (GDPR) has been great for bringing data privacy into the spotlight. It’s compelling companies to amend their practices, be more transparent around what data they process and do better at protecting personal information.
The increased coverage and reporting of data breaches helps to keep us aware of just how easily our data could be compromised, even via trusted service providers, who one would expect to have watertight security.
But, let’s not be lulled into a false sense of complacency based on the belief that we can rely on legislation to keep our personal data safe, without effort from ourselves. It’s like believing that law enforcement will keep all your belongings safe, so you don’t have to secure them. If you live in a high crime area, you can’t only rely on the police to keep you safe – you lock your doors, switch on your alarms and remain vigilant. This should be no different in the cyber world.
Data privacy regulations give you increased control over your own data – how it’s used, where it’s stored and who gets to share it. Legislation, such as GDPR, provides a means to reactively lay a complaint against an organization you believe has not done enough to keep your data private and secure. But, don’t just wait for something bad to happen – you can take proactive measures to secure your own information. While this requires a bit of time and effort, it could mean the difference between being a victim of the next major data breach, or not. Below are some tips (and effort estimates) for proactively taking control over your own online data privacy.
Tips on being your own privacy watchdog
1. Check if your details have been compromised
It’s scary to think that your details could have either been accessed by a criminal or published somewhere on the public or dark web. Unfortunately, based on the number of records compromised in recent years, the chances are high that this has already happened.
Use a free service such as http://bit.ly/2Kt5Bz8 to check if your email address has been in a data breach. Input your email address – and don’t forget to check the old hotmail, yahoo or gmail accounts that you seldom access.
If your email address has been compromised, the site will show you a list of the reported data breaches, in which your address was found. You should immediately do a password update on those sites and any others where that same password was used.
Have I Been Pwned is not an exhaustive list – it only includes breaches that have been reported and made available for inclusion in the database.
Also, a good idea is to subscribe to receive notifications of major breaches that include your address, so that you can change the relevant password on those sites.
Time to check: < 10 seconds per address
Time to fix: depends how many email addresses you have to check and the number of breaches that contained that address.
Forrester
2. Check your privacy settings on social media
When social media first became such a global phenomenon, we didn’t know as much as we know now about the value of personal data to the criminal enterprise. So, we shared . . . everything. Nowadays, it’s preferable to tighten access to your personal information.
Why? Because personal information feeds criminal ability to tailor-make a scam that has enough information about you to seem valid.
Also, sharing your whereabouts and when you are on vacation (and your house is unguarded) can also prompt criminals to consider targeting you.
Change the privacy settings on social media to ensure that your personal information is only available to your friends, fans or followers.
Time to check: allow 10 minutes per site to review and select the right privacy settings
Time to fix: varies from site to site, but the major ones – Facebook, Instagram, Twitter, Google+ – all provide prominent and easy-to-follow instructions on how to change privacy settings.
3. Use a password application to manage all your online/app passwords.
A spreadsheet on your computer is a dreadful way to store passwords. If your machine is compromised, whether by a hacker or a malicious application, you can be sure that the spreadsheet will be found and used to access your online accounts.
There are a number of free and paid for password management applications – find one that suits your requirements and wallet.
You know that site you registered on and thought you’d never access again, so you used a simple, common password? I was suitably mortified when I checked the application’s ‘password audit,’ and saw how few of my passwords are strong or medium and how many are weak.
It also tells you where you have repeated a password – and let’s be honest – we have all done it and probably forgotten half of them. If one of those sites is compromised, then all sites with repeated passwords are vulnerable. Instead of using the same password, rather have a standard password ‘approach’ which allows you to remember the basic password and how you varied it for each site.
Here’s a useful video on how to choose a good password: https://www.youtube.com/watch?v=IgCHcuCw_RQ&t=
Time to check: set aside an hour to evaluate the different application options
Time to implement: varies between applications – it took me an hour to migrate from one password manager to another
4. Double protect accounts that store sensitive personal or payment information
Two factor authentication is a fancy name for a simple, but effective process. It adds a second layer of security over and above your password, using a second channel/device. When you perform certain functions on a site (this can be login, details update or purchase), you are required to input a one time pin that is sent to you by email or text.
For an account that is protected by two factor authentication to be compromised, the criminal has to have your password and control over the device that receives the OTP.
Time to check: < 5 minutes per site
Time to fix: the major ones – Facebook, Instagram, Twitter, Google+ – all provide prominent and easy-to-follow instructions to switch on two factor authentication.
5. Delete old accounts on sites/apps you no longer use
Now that some of us (ahem) have been digitally active for over 20 years, we’re overdue for an online spring clean.
Your interests have changed: maybe you’ve moved countries, gotten married – there are bound to be websites (and apps) that used to be relevant, but due to life changes, you no longer use. Take an hour to go to those sites and find out how to delete your account and remove your data. This makes you less vulnerable if one of those sites is hacked. It’s like fixing holes in your fence.
Remember to also review the mobile apps you no longer use – like the local food delivery app you used when before you moved cities. Deleting the app off your phone does not mean your account has been deleted or your data removed.
Time to check: this is a tough one to estimate, it depends how active you used to be and how many previously used sites are no longer relevant to you
Time to fix: this is important enough to assign an hour a week until you are done
As great as the increased attention to data privacy is, one shouldn’t rely on policies and laws to protect valuable property. And that’s what your personal information is – something that has value and is worth stealing. A little bit of awareness and effort will make it much harder to steal yours.
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How Do I Recover My Old Hotmail Account ?
Hotmail is a service that has been operating online for years and many users made their account in it. Due to some reasons, they are unable to access that for a very long time leading to their deactivation. They want to reactivate their account but are unable due to the lack of recovery knowledge.
Recover Hotmail Account Via Phone
You can easily recover your account by using the linked phone number. This method consists of the official steps which you can use.
Go to the official Hotmail account login page and select the forgot password option.
Visit the account recovery section by using the registered phone number and get the verification code.
Obtain the code and enter it in the required field to verify your identity by creating a new password and taking your account out of deactivation mode.
Recover Hotmail Account Via Support
You can also recover the ownership of your deactivated account by contacting its customer support. They help you to Reactivate Old Hotmail Account the authorization of your account and enable you to use that properly. This support is well-trained in resolving the technical issues and available 24/7 to provide help.
Dial the Hotmail support official phone number and follow the commands of the IVR.
Contact support and talk to its live person to ask about the account recovery.
Provide all the details and use its assistance to reactivate your account completely.
Now, you can easily recover your account from a deactivated state by using the above methods. If you are still facing any problem to Recover Old Hotmail account, contact its customer support. You need to ask them questions related to reactivation issues and gain valuable information from them which you can use to recover your account.
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Weekend Reading List!
TorontoRealtyBlog
When your “favourites” drop-down menu in Google Chrome is too long to fit on the page, it’s time to clean it up.
Those links to sellers on eBay that you haven’t visited in a while, and the Hotmail account that you never use – as though you can’t just type “hotmail” into the search bar, which probably takes less time than scrolling through your favourites.
It’s time for me to clean out my favourites list, and I’m starting from the most recent.
Every week, I bookmark about 30 newspaper articles, and by the end of the weekend, I make sure they’re all read.
That makes for a lot of late Sunday nights when I should probably be in bed, but any article bookmarked and not read leaves me that much less informed.
I’m sitting here right now with a slew of real estate articles from the past week, and I realized that they’re all about different topics. In fact completely different topics.
Affordable housing, condo-flipping tax cheats, anti-landlord legislation, and first-time-buyer affordability.
So I figured, what could possibly be a better topic on a Friday morning?
Plus, I’m sure by now, you’re tired of hearing about Michael Cohen, Justin Trudeau, and Ariana Grande.
Here are the four articles, excerpts, and my thoughts. But do yourself a favour – read the articles! Even if you do so in bed, on Sunday night…
Globe & Mail, February 26th, 2019
“Affordable Housing Becomes Singular Focus of Toronto’s New Real Estate Czar”
Maybe I’ve been watching too much Narcos on Netflix, but when I see “Czar,” think drugs.
In this case, it’s actually about real estate. But ever since our government decided to start selling weed, I wouldn’t put anything past them…
“CreateTO” is a real estate agency operating at the City of Toronto level, which very few people in Toronto have even heard of. A quick poll of my office shows that 0/6 people know what this agency is.
According to the City of Toronto website:
Launched on January 1, 2018, CreateTO is the City of Toronto’s new real estate agency established to manage the City’s real estate portfolio, develop City buildings and lands for municipal purposes and deliver client focused real estate solutions to City divisions, agencies and corporations
CreateTO is part of the City-wide Real Estate Transformation, which for the first time allows the City to apply a city-wide lens to ensure the effective use of all of the City’s real estate assets.
As a catalyst for city building, CreateTO leverages the City’s real estate to ensure its best use and create new opportunities.
There’s more fluff on the site, but the “City-Wide Real Estate Transformation” link is worth a read. This nugget warrants discussion:
The new agency will be led by a nine-member board of directors, comprised of two Councillors, the Mayor or designate appointed by the Mayor, and six public members, one of whom chairs the Board. The real estate delivery model will be coordinated and aligned through key governance mechanisms.
Right. So in my mind, I see the creation of even more government, which as we know, doesn’t necessarily mean either efficiency, or action.
Nevertheless, the “czar” and CEO of CreateTo has put his money where his mouth is according to the Globe & Mail article:
The new CEO of Toronto’s centralized real estate agency, CreateTO, says success in his new job will be measured by just one yardstick: how much affordable housing the city manages to build.
“It’s the burning platform,” said Brian Johnston, a former Mattamy Homes executive whose appointment was ratified by city council last month. “I think this organization will be measured on its success in that area. And the city will be measured, and the mayor will be measured. I think everybody’s got the message.
The city of Toronto has over 8,400 properties (buildings, parking lots, vacant land) worth $27 Billion, from which CreateTO is looking to complete 40,000 new affordable units in the next 12 years, which was Mayor John Tory’s stated goal last year.
In my opinion, and this is one of the rare times I will applaud any level of government, Brian Johnston is the perfect person to be the CEO of CreateTO. As a former executive of Mattamy Homes, a private company, perhaps he can take his business acumen to the public sector. At the risk of ruffling any feathers here, let me say that I believe the private sector runs any and every industry more efficiently than the public sector. Can we possibly disagree on that? Yes? No?
In order to be successful at squeezing blood from a stone, the CEO of CreateTO needs to be a businessman or woman, and not just another political mouthpiece.
I’m very pleased with this announcement.
CBC News, February 25th, 2019
“First-of-its-Kind Registry In B.C. Targets Under-The-Radar Condo Flippers”
Now here’s an idea!
When it comes to drama and real estate, British Columbia is always at the forefront.
Let’s not forget that it was only three years ago that Globe & Mail reporter, Kathy Tomlinson, shocked the country with her massive expose on Shadow Flipping in the Vancouver real estate market. If you’re new to TRB, or real estate, or both, read that article link!
After the shadow flipping came tax dodging, again exposed by Ms. Tomlinson in the Globe & Mail. The government of British Columbia reacted with investigations, and legislation, but as is always the case, it was after the problems came to light.
Then came conversations about speculation taxes and vacancy taxes, end eventually the government implemented some of these tools, along with the now-famous 15% “Foreign Buyer’s Tax.”
Time went on, and more problems arose in British Columbia, with more promises to clean things up by the government.
In 2018, Kathy Tomlinson was back at it again, revealing a money-laundering scheme in B.C., and once again, the government reacted.
So here we are in 2019, and the government of British Columbia has decided to “partner” with developers to compile a database of condo assignors (ie. those who purchase the paper, and eventually flip to other buyers), in order to ensure the assignor/flipper pays taxes.
It’s great.
But it begs the question: why is this only happening now?
As was the case with EVERY single story that Kathy Tomlinson broke over the last three years, the government is always reactive rather than proactive. Perhaps it’s fair to suggest that condo-assignments were a relatively new animal, and it took some time to figure out what was going on, and how to deal with it, but assignments have been around for over a decade. Why is the government only reacting now?
From the article:
The Ministry of Finance says the Condo and Strata Assignment Integrity Register will improve fairness and transparency in property transactions.
Finance Minister Carole James said in a news release that the register will take “real action to moderate the condo market” and is already starting to see results in Metro Vancouver.
Condo developers will be required to securely gather and report the identity and citizenship of anyone completing a contract assignment in a project.
Developers are now required to collect and record assignment information and file a report each quarter, with the first due April 30, covering the period from Jan. 1 to March 31, 2019.
“The B.C. government will use this information to ensure that people who assign condos are paying the appropriate income tax, capital gains and property transfer tax,” the release says.
It’s interesting to note that the NDP government in B.C. released a “30 Point Housing Plan” last year, which clearly trumps the Ontario Liberals’ 16-Point-Plan from 2017, oh, I dunno, I’d say, by about fourteen points…
“The Way To Solve The Rental Crisis: Be Nicer To Landlords”
Why would anyone in their right mind get into the apartment business?
That sub-heading says it all.
And yet despite the logic behind that sentiment, things are only going to get worse for landlords.
Why, well, it’s just the way society is going, in my opinion.
Forgive my political, old-man, Chicken Little tangent here, but look what’s happening south of the border right now. There’s a mad-man in the White House, and all the Democrats had to do in order to take back power in 2020 was not go crazy. Just show up, keep quiet, and wait. And yet what did they do? They went crazy! From January 1st onwards, it’s been 70% tax rates, eliminating all air travel within 10 years, because the world is going to end in 12 years (fact), and my favourite: shaming people who are successful. Elizabeth Warren is Tweeting that Jerry Jones is evil because he purchased a yacht with his own money? America doesn’t like Trump, but they like extreme-socialism even less.
So that’s my rant.
And the takeaway is that it has never been less ‘woke’ to be successful, and it’s never been more frowned upon to have.
So why would the government, at any level, in any jurisdiction, protect landlords that have a second property? That have the means, from hard work, and after-tax dollars, to invest?
They wouldn’t.
And they won’t.
And this article, while making perfect sense, is going to fall on deaf ears. “Being nicer to landlords” is equally as much a fantasy as AOC’s “Green New Deal.” Maybe more, and that’s saying a lot, for those of you who follow U.S. Politics.
Globe & Mail author, William Watson writes:
Why would anyone in their right mind get into the apartment business? Think of the obstacles to making your money back. Restrictive zoning, comprehensive regulation, zealous activists, rent control, high property and income taxes, new proposals to tax wealth, direct competition from subsidized government housing, and so on and so on. Putting up an apartment building isn’t quite as hard as building a pipeline, but it is in the same ballpark.
The comments on this were somewhat split, with a handful of people calling this a “propaganda piece,” but most people agreeing.
A sample of the comments from page one sheds some light on how readers feel:
National Post, February 24th, 2019
“Five Things The Government Could Do To Help Canada’s Stressed Out Home Buyers”
We had this conversation a while back on TRB, discussing what changes the Liberal government, provided they win the next election, are going to make in order to make home ownership in Canada easier.
The five solutions this author has come up with:
1) Allow longer amortizations. Bring back the 30-year, CMHC-insured mortgage that we had before 2012
2) Adjust the stress test. Citing 20% fewer mortgage originations among young Canadians.
3) Bigger first-time home buyer credits. Possibly doubling the credit from $750 to $1,500.
4) Build affordable housing. More government-subsidized housing for low-income earners.
5) Do nothing. Perhaps the most responsible suggestion for those who believe in the free market.
I honestly think we came up with a better list when we discussed this last month, but at least this article gets people thinking.
Not everybody out there reads TRB, and not everybody sits around and ponders (or agressively discusses on a message board…) what the government could do in order to increase housing affordability, and/or whether they should do anything at all.
The comments on the National Post article, however, seemed to all draw connections between higher housing prices, and increased immigration and foreign buyers.
I would add that as point #3 goes, I don’t agree with NDP leader, Jagmeet Singh, and his proposed subsidy for anyone paying more than a third of their income on rent payments. It surmises that people are responsible with their finances, and thus the only people spending more than a third of their income on rent are those that have no choice. But if the former were true, there would be about 100,000,000 less iPhones in circulation today, as well as other consumer goods, but I digress…
I agree that the government should build more affordable housing. Start today. Start yesterday. Just like I say about public transit: start building, and don’t ever stop. We’re never “finished.”
But I would also be in favour of longer amortizations, reducing the stress test from 2.0% to 0.75%, and sure, why not double a tax credit that will have very little effect – $750 to $1,500. I mean, that’s just a new iPhone XR for most people.
Have a great weekend, everybody!
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