Friday, May 31, 2013

Premier Wynne’s Transit Tax Addiction Historic or Mismanagement?


Have political party’s and their puppet representatives all gone mad or obsessed with anonymous sources of gossip; hearsay and pollsters?

The liberal party’s government through their transit agency Metrolinx and Wynne as Premier insist on advising us that such increased and new taxes are “paramount in improving peoples quality of life” along with other career politicians supported by the socialists media corporations tell us tax increases and new taxes represent an “historic and high point of civic or provincial vision and responsibility?”

Her government’s support for proposed new taxes for “improving people’s quality of life” would result in a lifetime of increased and new taxes.  In addition to the average Jane and Joe family of four who already has to fork out 42.7% or ($31, 646) from an income of $74,113 for existing government taxes.

69% of Ontarians Do Not Support gasoline tax increases that Kathleen Wynne’s and her liberal political party’s government’s agency Metrolinx has proposed!

66% further on average Do Not Support any new or increased taxes for Metrolinx $50 Billion big move GTHA transit plan, according a Forum research tool?

It is obvious that Ontario taxpayers are not buying into this latest proposed tax grab to pay for the Provinces $50 Billion big move for 32 minutes in future congestion time savings?

Not when the middle class Jane and Joe Ontario family is already paying $31,646 in government taxes considering and that the Ontario’s portion from the 39.47 cent per litre of existing gas taxes was supposedly solely for public transit, highways and bridges but found its way into the governments’ general revenues over the past 10 years or longer.

For the last 35 years the Provincial members of the legislature, the Federal members of parliament who represent their political parties throughout the Province and the GTHA, along with Toronto councillors and the TTC, ALL have not been able to come up with a meaningful and lasting funding arrangement that includes public transit and our existing highways and bridges!

It seems of late that they all are more consumed with unsubstantiated and legally unverifiable media stories generated by anonymous sources based on hearsay and gossip? While the Province’s operating debt contuses spiraling out of control to the tune of $281 Billion in debt!

How any taxpaying Ontarian, regardless of political party preference, in their right mind could continue supporting this liberal party’s government’s relentless addictive substance spending abuse coupled with their $3 Billion mismanagement of our current tax dollars with the likes of the politically canceled gas plants, on top of E. Health fiscal, Orange fraud, Energy stupidity and Chemo Drug disaster simply defies logic let alone common sense, in my humble opinion.  

If any politician is worried, as the Premier of this Province would have you believe it most definitely should not be about press generated gossip and hearsay allegations, that have not been dealt with through the justice system bur rather a mob rule mentality of public opinion, then it should be about the financial affairs of the Province, the city of Toronto and overall increasing operating debts of municipalities across Ontario.   

Prior to our oversized figure of a Mayor, which medical speaking is no fault of his own, and his administration political policies based on fiscal transparency and fiscal responsibility, the city’s spending increased by 60% while inflation rose by 23% over the same ten year period.

A $1.9 Billion one year increase in operating debt through spending from the current debt of $9.8 Billion to $11.7 Billion in debt for 2014 is how this Premier’s provincial administration kicked started her political agenda for the taxpayers of Ontario. Which now brings Ontario’s overall debt to $281 BILLION dollars that shall fall on the shoulders of our youth as taxpayers for the next three to four generation or longer.

Why is it that the media is not worried about the Ontario legislature and its financial turmoil that has cost BILLIONS of dollars and as a political party government continues to be out of control?

Personally, would have to agree with councilor Ford, the Mayors brother that this Premier and new liberal party leader “should take care of the problems that she has at Queens Park, right now.”  

When shall someone tell this liberal party and its leader that the majority of Ontario taxpayers think it would be far better if she were able to deal with her political party’s continued substance addiction of spending and increasing taxpayers debt at an out of control rate?   

Keep in mind that the corporate tax rate remains at 11.5% compared to average Jane and Joe’s middle class family taxes of 42.7%!  

Get the picture why Toronto’s media corporations are hooked on allegations of crack gossip and hearsay from anonymous sources and self proclaimed drug dealers?  

Any new or increased taxes for transit or congestion must come from an increase in the corporate tax rate by 1% or 3% and must include a transit tax on unions and banks.  

The people have spoken! It is scandalous to ask Ontarians or Torontonians to suck-up yet another little new sales tax increase of 1%, that over the years would quickly become 5% or more, would not come close to the annual BILLIONS of dollars needed to fund any new subways, let alone LRT’s or the current infrastructure requirements for existing operations and never-ending fare and salary increases of the TTC, is scandalous.

Especially considering that my proposal for a 1%-3% corporate tax increase for transit congestion levy on all Banks, Unions and corporations operating in Canada and Ontario could generate $6 Billion annually for all existing public transit in Canadian cities including Toronto!


Source



Tuesday, May 28, 2013

Metrolinx’s Future Liberal Ontario is New & Increased Taxes on Families & Individuals but NOT for Corporate Taxes?






With the latest and final report from the liberal party government’s Transportation agency, Metrolinx, it’s no wonder why Toronto’s media is hooked on reporting daily stories from their anonymous sources about alleged crack gossip and hearsay!

That way they can distract the voters and taxpayers daily attention away from the next tax grab by this liberal government under the guise of transit funding for the GTHA.

And conceivably diverting said new and increased taxes to balance the books for their never-ending and unsustainable socialized liberal programs due to lack of any specific legislation that might demand otherwise!

Metrolinx’s proposed tax gouging recommendations are in the Full


A quick recap shows Ontarians that $50 Billion for 32 minutes and 400 kilometers of street car LRT lines but No new highways to offset the $1,600 dollars families, with cars one assumes, apparently spends a year for the cost of highway or public transit congestion?

This proposed lifetime of tax increases on our youth and elderly for generations yet to come for such public transit has been hailed by the current liberal party Premier Kathleen Wynne as “paramount in improving peoples’ quality of life”?  

Hopefully in a democratic society such as ours, providing this liberal government does not once again prorogue the legislature for political purposes, you and I as the Joe taxpaying citizens shall be the ultimate judge of such proposed political party tax increase through our votes.   

Is this Hilarious or Historic? 

The final recap shows us, this “historic and high point of civic or provincial vision and responsibility,” as stated by lifelong career politicians and media corporations. 

A lifetime of increasing and new taxes on individuals and families but not corporations taxes, banks or multinational union organizations. 

Results in a 9% sales tax, on top of the current 5% GST, and 25.7 cents per litre transit gasoline tax (5 cent increase) plus a 25 cents per day on those commercial parking lots based on property values, a 15% increase on development charges that shall increase without a doubt the price of a new condo or hose by the same amount and to get us all from driving our cars or remain taking go trains, LRT’s or subways a daily $2 to $4 dollar increase for parking? 

Oh I forgot a new land value capture along current or future transit lines!    

This Plan that Wynne’s Provincial agency Metrolinx presented has No guarantee that additional and new taxes shall be specifically for transit purposes!

Get the picture why Toronto’s media is hooked on crack gossip and hearsay stories from their anonymous sources!


Sources;



































































Monday, May 27, 2013

Citizen Protection from Anonymous Media Sources based on Gossip, Hearsay or Allegations Required.





Under our Charter of Rights; Freedoms and the Canadian Constitution the rights of all citizens must be protected, be they non public figures or elected representatives of the public, and all are to be presumed innocent until legally and beyond any reasonable doubt in a court of law found otherwise.

Recently media corporations, such as the Globe and Mail, the Toronto Star and Gawker blog, with their editorials, reporting and story journalism being based on gossip, hearsay and anonymous dubious sources that cannot be independently legally verifiable and would not be judicially acceptable in our courts of law, in my opinion, have adequately shown the media must be reigned in and clamped down on by legislation for such muckraking at the direct expense of any individuals citizen’s character and that of the family, spouse and children.


Mob rule public opinion guilt spread through muckraking bulling editorials and journalistic news making stories or gossip blogs are neither reliable, relevant or permitted evidence in issues before the courts. Such unproven allegations should NOT be allowed “to go to press” in public or private news print media. 

Such legislation must be enacted to protect the personal reputations of all Canadian individuals, their spouse, family and children from media corporations rush to judgment and opinions based on allegations from scurrilous anonymous sources of gossip; hearsay and theory as offered up as editorial opinions and journalistic stories.

The personal reputation of every Canadian from whatever province they reside or make their living must be shielded from story generated journalism and reporters acting like legally constituted police investigator or officers of our judicial system which they are not.

To quote Justice J.E. Scanlan, “guilt or innocence is NOT based on rumor, speculation or reputation. An accused is not tried” (in the media, courts or public opinion)” based on what he/she may have done before” rather “ the evidence related to the matter in issue.”

In my opinion, unprofessional editorials and journalistic stories lately have forgone any sense of professionalism or basic human decency. 

Perhaps it is because of their own or their employers’ distinct motives as based on their particular political ideologies and philosophies, 

I am not sure but it seems that way.


Sources





Sunday, May 26, 2013

Citizen Protection from Anonymous Media Sources based on Gossip, Hearsay or Allegations Required.









Under our Charter of Rights; Freedoms and the Canadian Constitution the rights of all citizens must be protected, be they non public figures or elected representatives of the public, and all are to be presumed innocent until legally and beyond any reasonable doubt in a court of law found otherwise.

Recently media corporations, such as the Globe and Mail, the Toronto Star and Gawker blog, with their editorials, reporting and story journalism being based on gossip, hearsay and anonymous dubious sources that cannot be independently legally verifiable and would not be judicially acceptable in our courts of law, in my opinion, have adequately shown the media must be reigned in and clamped down on by legislation for such muckraking at the direct expense of any individuals citizen’s character and that of the family, spouse and children.


Mob rule public opinion guilt spread through muckraking bulling editorials and journalistic news making stories or gossip blogs are neither reliable, relevant or permitted evidence in issues before the courts. Such unproven allegations should NOT be allowed “to go to press” in public or private news print media.

Such legislation must be enacted to protect the personal reputations of all Canadian individuals, their spouse, family and children from media corporations rush to judgment and opinions based on allegations from scurrilous anonymous sources of gossip; hearsay and theory as offered up as editorial opinions and journalistic stories.

The personal reputation of every Canadian from whatever province they reside or make their living must be shielded from story generated journalism and reporters acting like legally constituted police investigator or officers of our judicial system which they are not.



To quote Justice J.E. Scanlan, “guilt or innocence is NOT based on rumor, speculation or reputation. An accused is not tried” (in the media, courts or public opinion)” based on what he/she may have done before” rather “ the evidence related to the matter in issue.”

In my opinion, unprofessional editorials and journalistic stories lately have forgone any sense of professionalism or basic human decency. 

Perhaps it is because of their own or their employers’ distinct motives as based on their particular political ideologies and philosophies, 

I am not sure but it seems that way.

                                                                                      
Source




Saturday, May 25, 2013

Time for Toronto Star, to Put Up or Fold on Phantom Ford Video?



First there is NO substantiated or legally verified confirmation that the Mayor of Toronto was smoking any illegal substance as alleged by self proclaimed Toronto drug dealers and community organizers as suggested on their phantom video being ransomed off to the highest bidder for profit so they can reestablish their illegal trade in another jurisdiction.
The legally worded statement of the Mayor would suggest that he is defiantly keeping all options open for a liable and defamation lawsuit against his political motivated media accusers.
We do not know that Mr. Ford, as Gawker alleges that they know, “ Ford used to smoke crack cocaine” itself a libelous, defamatory utterance that remains unproven and unsubstantiated on Gawker’s blog part and that of the Toronto Star media corporation.
There is NO legal evidence that Ford did or did not to smoke crack cocaine or any other yet confirmed or verified illegal substance rather allegations, assumptions and hearsay nothing else that has resulted in this attempted political lynching and ongoing character assassination of Toronto’s Mayor with out legal proof.
Recap, supposedly somewhere in this universe a staged phantom video has been used as media evidence, through hearsay, both of which would not be acceptable as evidence in any court of law, to libel and defame an elected public official for purely political purposes or to heighten awareness of ones blog or increase a print medias circulation and bottom line!
Best we all remember that forgotten saying of let the person without sin cast the first stone!


UP Date Fare and Balanced
http://fullcomment.nationalpost.com/2013/05/24/christie-blatchford-3/

Wednesday, May 22, 2013

Media Ethics a Nicety Not Supported by Print Media Bottom Line?







Unverified but alleged crack cocaine phantom video hearsay and apparently viewed in the back seat of a car as suggested by Toronto Star employees for their alleged story DOES NOT MEET the SMELL TEST of RELIABILITY! 

However it does sell newspapers in the media’s never ending attempt of character assassination politically directed at Toronto’s Mayor Ford!

So called journalists or reports and their media bosses know that what they are doing is reckless and shows no respect for their readers or the public in general.

It has become more than obvious to all Canadians that ethics within print media today is a nicety that their bottom line cannot afford! 

According to one Rosie DiManno of the Toronto Star journalistic ethics regarding printing and reprinting of unverifiable alleged allegations of unverifiable video audio stories from self proclaimed drug dealers supposedly involving Toronto’s Mayor Ford on the sole word of two Toronto Star employees it’s “Ethis Shmethics”!

Jonathan Kay from the National Post is no better.

His latest story article, based on this phantom video supposedly provided by crack cocaine drug dealers on a staged video for profit from the proceeds of crime which is an illegal offense in Canada to Toronto Star reports, insinuates without any proof whatsoever that Toronto’s Mayor Ford is a crack head who should leave office before being proven guilty of any offense in a court of law?

Unless this guy Kay has some substantiated and verified law enforcement backed legal and factual proof for his libelous and defamatory remarks about Mayor Ford he could be in a heap of legal trouble.

Perhaps now Toronto lawyer Clayton Ruby in the interests of the public and law enforcement might come to the defense of Toronto’s Mayor on a pro bono basis in the interest of fair play, transparency and of course the public good like he has done and claimed to represent in the past?  

In my opinion these two Toronto Star employees who broke this story about the Mayor have some unanswered questions that need answering in the interests’ of law enforcement, journalistic ethics and accountability for their actions.

The Star’s very questionable, unverified and dubious story shall remain as such in the minds and eyes of public opinion until these two reporters and employees of the Toronto Star come clean and confessed to the motives behind their dealings with drug dealers and criminal types.

As such for profit schemes that are based on unverified and phantom video movies and hearsay recordings as to he said she said allegations for a very questionable, unverifiable dubious headline story and follow-up articles to increase circulation is NOT journalism in Canada. And as such it must be investigated by the proper legal authorities for the protection of all public or private citizens.

Peter Clarke 
Toronto 
clarketoronto@gmail.com 



Tuesday, May 21, 2013

Video Image Manipulation a Shutter Thought for Editorials or Journalism!




The Criminal code and other Canadian legislation are quite specific " every one commits an offense who uses or transfers (republishes) the possession of, sends, or delvers to any person or place, transports, transmits, (articles) alters, disposes of any property is guilty of a criminal offence?

Today anyone can make a video from pictures of you that are floating around on the internet and put it stories in a seemingly compromising position for illegal gain, character assassination and breaking news stories between feuding political views.

There are many tools like www.ezvid.com/,  imovie (www.apple.com/ilife/imovie/), photo shop and using special effects for motion like the Ken Burns with Fotomagico by Boinx. or others for making a series of staged videos or pictures that would appear to be you doing anything that might come to the dealers or journalists minds.

Until this phantom unverified video, currently being ransomed for a drug dealer’s profit and a sleazy gossip blog site, has been forensically photo analyzed by an appropriate law enforcement agency the editorial board of the Toronto Star, their two reporters along with the entire world of public opinion Do NOT know if the video or photo is authentic or a doctored ruse.

No media corporation including the Toronto Star has the legal, moral or ethical rights to publish stories or editorials based on a phantom unverified video, currently being ransomed for drug dealers profit and a sleazy gossip blog site and that has NOT been verified and forensically photo analyzed by an appropriate law enforcement agency.

Media corporations that decide to take it upon themselves to be the police, judge, and jury then pronounce sentencing based on a staged cell phone video that is legally unverifiable and being ransomed for millions of dollars to the highest bidder by self confessed Toronto Somali drug dealers’ needs to be reigned-in and investigated. 

These so called journalist, reporters along with their media bosses know that what they are doing is reckless and shows no respect for the public, or readers in general.  It has become more than obvious of late to all Canadians as else where that ethics within the print media in general today is a nicety that their financial bottom line cannot afford and thus does not support.

For close to two months this media organization, after being contacted by these self confessed scumbags, neither informed the authorities (police) or had the ethics to first seek confirmation and substantiate or verify such political  character  assassination attempts for money.


Why since May 3, 2013 or prior did the Toronto Star’s media corporation NOT make any attempts to privately confront the Mayor about such public defamatory allegations or the police about the illegal video for profit scam?

Here are questions that must be answered by these reports and their employers!


1. For how long and how intimate have these two reporters known these self proclaimed dealers and their sources?

2. Has either of these two reporters ever smoked crack cocaine?

 3. Has either of these tow reporters ever bought crack cocaine or other illegal drugs? 

4. Did the Star or these tow reporters pay to see the staged video or at any time purchase drugs from their sources?

5. Were either of these two reporters the anonymous voice on the staged cell phone video asking the questions? 

6. Did either of these two reports participate in any way in the making of this phantom cell phone video? 

7. Did any Toronto Star reporter, journalist or employee participate in any way with the making of this unverified video or attempt to entrap the Mayor to create a story for enhancing circulation and sales? 

8. Did these two reporters at any time prior to the release of their story advise the police about their ongoing contacts with these or other drug dealers in Toronto?

It is apparent to this individual at least that the Toronto Star has had a political axe to grind with this Mayor since his election as Mayor.


With this latest story from the Star about the Mayor it is my opinion that the Toronto Star media corporation has not ensured  that this video and related unverifiable information from such dubious sources whose motives are in question have not been  grounded in fact and have in no way been  verified independently by the journalist as stated in their own Section 1: Ethics and Excellence: or Accuracy and Corrections or Fair Play and Payments to Sources.
 

The reality of this ongoing story rests with the very questionable and dubious sources and motives for monetary gain at the direct expense of the Mayors public person and his political reputation.


For the Star’s editorial to be stating “Time to go, Mr. Mayor “ before their own reporters have themselves answered some very pointed questions relating to their own involvement in this unverifiable staged cell phone video does not itself in any way meet an editorial or journalistic smell test.  


With that in mind to me it is obvious that once again the Star media corporation has backed a muckraking article and rushed to judgment based on their frenzy mob rule reporting by pronouncing by reference that the Mayor must be guilty and sentenced by the media to resign from a political public office before the Mayor has had the right to a legal trial based on permitted and factual allowable evidence in our courts of law?

Do editorial ethics even exist at the Toronto Star or are they just words on paper?

Apparently NOT according to Rosie DiManno printed statement," Ethics Shmethics" that sums up for her and her employer! 
 
Media corporations and their employees are NOT above the law!  



Source
Up Date
Analysis or Clap Trap you decide @


 



Saturday, May 18, 2013

Guilty until Proven Innocent by Toronto Star and Mayor must Go!


Has journalistic ethics gone amuck at the Toronto Star?




A media corporation that has decided to take it upon themselves to be the police, judge, jury and pronounce sentencing based on an staged cell phone video, that is legally unverifiable, and ransomed for millions of dollars to the highest bidder by self confessed Toronto Somali drug dealers.


For close to two months this media organization, after being contacted by these self confessed scumbags, neither informed the authorities (police) or had the ethics to first seek confirmation and substantiate or verify such political  character  assassination attempts for money.


Why since May 3, 2013 or prior did the Toronto Star’s media corporation NOT make any attempts to privately confront the Mayor about such public defamatory allegations?




Here are questions that must be answered by these reports and their employers!


1. For how long and how intimate have these two reporters known these self proclaimed dealers and their sources?

2. Has either of these two reporters ever smoked crack cocaine?

3. Has either of these tow reporters ever bought crack cocaine or other illegal drugs?

4. Did the Star or these two reporters pay to see the staged video or purchase drugs from these or other sources?

5. Were either of these two reporters the anonymous voice on the staged cell phone video asking the questions?

6. Did either of these two reporters participate in the making of this cell phone video?
7. Did any Toronto Star reporter, journalist or employee participate in any way with the making of this unverified video or attempt to entrap the Mayor to create a story for enhancing circulation and sales? 
8. Did these two reporters at any time prior to the release of the story advise the police about their ongoing contacts with these or other drug dealers in Toronto?

It is apparent to this individual at least that the Toronto Star has had a political axe to grind with this Mayor since his election as Mayor.



With this latest story from the Star about the Mayor it is my opinion that the Toronto Star media corporation has not ensured  that this video and related unverifiable information from such dubious  sources whose motives are in question have not been  grounded in fact and have in no way been  verified independently by the journalist as stated in their own Section 1: Ethics and Excellence: or Accuracy and Corrections or Fair Play and Payments to Sources.


The reality of this ongoing story rests with the very questionable and dubious sources and motives for monetary gain at the direct expense of the Mayors public person and his political reputation.


For the Star’s editorial to be stating “Time to go, Mr. Mayor “ before their own reporters have themselves answered some very pointed questions relating to their own involvement in this unverifiable staged cell phone video does not itself in any way meet an editorial or journalistic smell test.  


We all must be mindful that the Star has had an ongoing public vendetta against this Mayor since his election based on a political platform that is contrary to that of the Star’s collective liberal socialism.


With that in mind to me it is obvious that once again the Star media corporation has backed a muckraking article and rushed to judgment based on their frenzy mob rule reporting by pronouncing by reference that the Mayor must be guilty and sentenced by the media to resign from a political public office before the Mayor has had the right to a legal trial based on permitted and factual allowable evidence in our courts of law?



Do editorial ethics even exist at the Toronto Star or are they just words on paper?  

Source

http://www.thestar.com/opinion/editorials/2013/05/18/rob_ford_crack_scandal_time_for_mayor_to_step_down_editorial.html


Up Date
Analysis or Clap Trap you decide @



Sunday, May 12, 2013

Time to Amalgamate GTHA Transit Authorities and Systems.



In all honesty it is the Premier and elected members of her liberal political party’s government who are not being fully transparent, as usual, and playing a chaotic game of dodge ball concerning tax increases or new additional taxes for transit!

This editorial opinion, from the Toronto Star, fails to mention the fact that the Premier, her Transpiration Minister, the liberal party and the 23 MPP’s, who supposedly where elected to represent the City and others elected to represent the GTHA all have not, had an adult conversation or taken a public position on their preferred tax increases and additional taxes (revenue sources) for funding transit being considered by the provinces own agency Metrolinx?

The legislative authority for such proposed tax increases and new additional taxes is the sole responsibility of the current Premier along with all members of the Provincial legislature and NOT the city of Toronto’s elected career politicians or the non-elected city bureaucrats and technocrats.

These provincial politicians, the Premier and her liberal party’s scandalous government have once again been revealed as feckless, inept and reckless.

They are the ones who forfeited their standing in the debate on transit expansion and how best to pay for it as they preferred to wait and see what political recommendations Metrolinx’s makes to them!

And not only in E health, Orange, Canceled Gas Plants, Energy Policies or the Chemo Drug scandal but now in their refusal to take a stand and advise the voters of Ontario as to their position on any funding proposals (taxes) for the future of regional transit throughout the GTHA regions!

As a Provincial agency Metrolinx gets its funding from the province and thus is NOT at all impartial to the funding decisions that must and can only be decided by the Province.

Unfortunately for the past 40 years, all political parties and their incumbent career politicians from all three levels of government have mismanaged and failed our cities when it comes to transportation infrastructure and funding.

Further the current make up of its Board members that excludes the Mayors from Ontario’s 3 cities within the GTHA makes it politically impossible for this agency to effectively co-ordinate the region’s transit and transportation need.

The amalgamation of all the GTHA area public transit authorities, especially the TTC, systems and operations of GO, TTC, Halton, Peel, York, Durham and HSR into one Regional Transit Authority for this region is a must.

This revised Provincial and Federal Metrolinx ( GTHA) Regional Transit Authority must have a Board of Directors that includes 2 elected political representatives from the Province, the Federal government; the Mayors of Mississauga and Toronto. Along with 1 elected political representative from Halton, Peel, York, Durham and the Mayor of City of Hamilton.


In addition this amalgamated transit authority would be directly responsible for all public transportation, subways, Go operations, systems, financing. The GTHA would be under the control of the above elected Board members and direction of a CEO and COO who must have professional transportation qualifications form within the worlds private and public transpiration systems and industry.

All three levels of our government elected and non elected alike must completely once and for all understand that public transit and transit infrastructure must come from a lasting financial commitment in the form of a 1% or 2% transit levy on corporations or a 1% or 2% increase in the GST. 

Such funds must be designated for transit only as per legislation from both the provincial and federal governments. 


 Source
http://www.thestar.com/opinion/editorials/2013/05/12/toronto_city_council_bungles_the_transit_file_editorial.html


Saturday, May 11, 2013

REIT a Misrepresented and Bad Investment?






Along with many others it is my opinion that prospective investors proceed with extreme caution when considering or presented with a non-traded REIT investment proposal.

Non traded or traded REIT’s are basically a real estate investment trust that have pooled the capital of investors into various forms of  income producing properties structured to regularly generate and distribute cash by unit investors. 
 
All speculative investments including a REIT require that investors be extremely careful as in buyer beware and do there due diligence

Canadian companies most recently Canadian Tire and Loblaws have jumped on the REIT bandwagon to unlock the literally BILLIONS of asset dollars of their property holdings!  

In my opinion these investments are similar to mortgage backed securities. And one draw back among others is that once pooled it is conceivable that a company’s most valuable  owned real estate properties could be left out of a REIT through lack of regulatory, bureaucratic and directors oversight that could enrich opportunistic financial institutions, traders, lawyer and politicians?

As values of the real asset, in a traded or non-traded real estate investment trust even though they supposedly are of a “high quality and in a strategic location,” have been so accredited for their asset values and unit price by the very corporations creating the REIT?  

And then conceivably further endorsed or given a worthy investment rating value by the same financial institutions who are marketing these securities to investors through stock exchanges controlled by the appropriate provincial securities commission.

Who have conceivably acknowledged and confirmed that all of the criteria for regulatory and director approvals have been met for all REIT IPO’s for marketing purposes for those investors looking for a higher rate of return or a way to hopefully secure income amidst the erratic market and current prolonged low interest rate conditions.

Please read more of Peter Beck’s and Simon Romano’s
Canadian Income Funds @

Up Date

http://www.thestar.com/business/real_estate/2013/05/13/jim_flaherty_says_real_estate_trust_wave_is_not_a_concern.html

"REITs, which receive preferential tax treatment from the government, are companies that invest in income-producing real estate and pay out most of their income to investors through unit distributions. They have raised $760 million from six Canadian IPOs this year, including Milestone Apartments REIT and Agellan Commercial REIT, to account for 74 per cent of $1.03 billion raised from initial offerings this year in the country, data compiled by Bloomberg show."

"Canadian REITs raised almost $500 million in seven IPOs last year, more than any other industry in Canada, the data show. The Standard & Poor’s/TSX Capped REIT Index soared 165 per cent from a five-year low on March 9, 2009 through May 10. The benchmark S&P/TSX Composite index rose 66 per cent over the same period."

Sources: