Canada inflation hits 18-year-high

We've mentioned it before.. early signs Canada is becoming another Venezuela ...this is how it starts and with a PM that doesn't worry himself about the 'Monetary Policy' ....visions of a rough ride ahead.

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Canada's annual inflation rate accelerated to an 18-year-high in August, driven by broad upward price pressures, data showed on Wednesday, just days before a hotly contested federal election that could see Prime Minister Justin Trudeau's Liberals ousted.

The rate rose to 4.1% in August, its fastest clip since March 2003, Statistics Canada said, beating analyst estimates and prompting Trudeau's main rival to pounce over the rising cost of living.

"The numbers released today make it clear that under Justin Trudeau, Canadians are experiencing an affordability crisis," said Erin O'Toole, leader of the main opposition Conservatives, in a statement.

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more: https://www.reuters.com/world/americ...03-2021-09-15/

Just wait until the interest rates go up.

thats what happens when the Libs pay people to stay home and not PRODUCE - simple economics

Interest rates can't be artificailly held low by government forever. Inflation is always a bellweather of adverse economic policy. If inflation keeps rising and and interest rates rise globally,Canada will be on the receiving end of the poopy end of the shyte stick. Venezuala indeed,we should be so lucky.

Wait till Trudeau gets elected massive Carbon Tax increases

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Originally Posted by mosquito

Just wait until the interest rates go up.

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Cash parked, waiting for impending housing market collapse.
If I'm wrong, then economics no longer makes sense ...

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Originally Posted by trimmer21

Interest rates can't be artificailly held low by government forever. Inflation is always a bellweather of adverse economic policy. If inflation keeps rising and and interest rates rise globally,Canada will be on the receiving end of the poopy end of the shyte stick. Venezuala indeed,we should be so lucky.

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They can artificially do what they want, but the market will always respond in a real way. Inflation will keep going up, and things will become prohibitively expensive, especially for the poor. They can pretend all they want ... but they can't stop real inflation.

The only question I have is when .... how long, before it all busts? In my lifetime, or will they find some way to prolong the inevitable?

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Originally Posted by MarkB

They can artificially do what they want, but the market will always respond in a real way. Inflation will keep going up, and things will become prohibitively expensive, especially for the poor. They can pretend all they want ... but they can't stop real inflation.

The only question I have is when .... how long, before it all busts? In my lifetime, or will they find some way to prolong the inevitable?

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All depends what you call a housing bust. You talking about a 300,000 home yesterday that now bring 600,000 today and dropping to 500,000 in a year. I could see that perhaps add in a crazy interest rate increase I don’t see that happening but who knows. May lower the # of buyers but prices are going to be steady may even go higher in cities. Gas prices automobile prices up up

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Originally Posted by js4fn

All depends what you call a housing bust. You talking about a 300,000 home yesterday that now bring 600,000 today and dropping to 500,000 in a year. I could see that perhaps add in a crazy interest rate increase I don’t see that happening but who knows. May lower the # of buyers but prices are going to be steady may even go higher in cities. Gas prices automobile prices up up

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I'll be looking for a cottage, or possibly commercial. Let's see.
My theory is cottages will crash ... as they are secondary homes ... will be shed fast to protect primary residence.
Commercial ... I think already hurt by COVID, a rising interest rate may pressure some landlords to shed properties,
particularly if they are dealing with vacancies (insufficient revenue coming in).
I understand I would have to get through the lull in the economy ... but you need to act on these "once in a lifetime"
opportunities.

No money people will invest in cottages. It’s a lot like farm land not making anymore lakefront. Some are buying two cottages right now and tearing both down for nice homes

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Originally Posted by mosquito

Just wait until the interest rates go up.

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Yep, once that happens all those folks that tapped themselves out to buy a home at those low rates will be in big trouble.

Inflation is alive and well in Canada I have witnessed this first hand by people installing pools, hot tubs and renovating their homes in hoards - kitchens, bathrooms, offices and basements are the most popular. Material and trades are in short supply and usually have a longer than normal lead time so planning ahead is very important.

I did a job last month and when it was done I left the homeowner with a $1,800 Lutron lighting system proposal for his house and he did not even bat an eye........next day he called me and said 'let's do it'. Now the material waiting game begins.

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Originally Posted by MarkB

Cash parked, waiting for impending housing market collapse.
If I'm wrong, then economics no longer makes sense ...

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Well Mark you appear to be a complete dreamer, not going to happen, not for cottages, vacant land, commercial, residential.

The country is set to do the following https://www.canada.ca/en/immigration...2021-2023.html

Where do you think these people will live, answer in a home presently occupied by a Canadian and who will be paid BIG MONEY for that property.

Economists do not make sense, I thought after watching the Wall Street Crash, Bank collapsing, sub prime debacle ,you might have got the memo.

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Originally Posted by Gilroy

Well Mark you appear to be a complete dreamer, not going to happen, not for cottages, vacant land, commercial, residential.

The country is set to do the following https://www.canada.ca/en/immigration...2021-2023.html

Where do you think these people will live, answer in a home presently occupied by a Canadian and who will be paid BIG MONEY for that property.

Economists do not make sense, I thought after watching the Wall Street Crash, Bank collapsing, sub prime debacle ,you might have got the memo.

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so are we flooding the country with liberal handouts and subsequent votes?????

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Originally Posted by grumpygeezer

so are we flooding the country with liberal handouts and subsequent votes?????

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Not quite the economic class of immigrant's are the one's coming with money to invest in Canada, that is why anyone hoping for a collapse in real estate prices is dreaming. Will they vote Liberal when they become citizen's when they get the right to vote, who knows.. a business man from China might well vote Conservative.

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Originally Posted by smitty55

Yep, once that happens all those folks that tapped themselves out to buy a home at those low rates will be in big trouble.

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Well if they are Conservative voters they will take course, work hard, get a part time job, take in a renter.... or whine, ask for handouts and special treatments, take on bigger mortgages (I know one die hard leftie that has had his house 30 years and last we talked his mortgage was now about 30% higher than the original price) if they voted the other way.

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Originally Posted by mosquito

Well if they are Conservative voters they will take course, work hard, get a part time job, take in a renter.... or whine, ask for handouts and special treatments, take on bigger mortgages (I know one die hard leftie that has had his house 30 years and last we talked his mortgage was now about 30% higher than the original price) if they voted the other way.

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Oh I am a Liberal voter, paid of my first home in 5 years by taking in a boarder in the basement and my wife and I both working and killed off both mortgages. The second home I paid off in 5 more years. So I have been mortgage free for over 25 years. My wife stopped working 25 years ago to raise 3 great kids into tax paying citizens.
Now mind you I drive a 21 year old GMC Safari and my wife a 2004 Toyota so I guess I would put some Conservative voters to shame. I also managed to employ a few folk's up north to get my cabin built along the way.

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Originally Posted by Gilroy

Oh I am a Liberal voter, paid of my first home in 5 years by taking in a boarder in the basement and my wife and I both working and killed off both mortgages. The second home I paid off in 5 more years. So I have been mortgage free for over 25 years. My wife stopped working 25 years ago to raise 3 great kids into tax paying citizens.
Now mind you I drive a 21 year old GMC Safari and my wife a 2004 Toyota so I guess I would put some Conservative voters to shame. I also managed to employ a few folk's up north to get my cabin built along the way.

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.... and yet you support the Liberals.... doesn't that suggest some kind of dissonance or misalignment in mental/moral priorities or have you so disassociated morals with the party you support with their actions so it doesn't make you think?

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Originally Posted by Gilroy

Oh I am a Liberal voter, paid of my first home in 5 years by taking in a boarder in the basement and my wife and I both working and killed off both mortgages. The second home I paid off in 5 more years. So I have been mortgage free for over 25 years. My wife stopped working 25 years ago to raise 3 great kids into tax paying citizens.
Now mind you I drive a 21 year old GMC Safari and my wife a 2004 Toyota so I guess I would put some Conservative voters to shame. I also managed to employ a few folk's up north to get my cabin built along the way.

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Sounds like the good 'ole Canadian dream......why would you wreck it by labeling something a Liberal or a Conservative thing to do? Some of my best customers are silly servants (teachers, firefighters and cops) and when they call me to do work for them they all want a deal and are all willing to pay CASH to save a couple of bucks. I wonder how they voted in the last election? I could care how they voted because they are padding my TFSA and RRSP.

Quote:

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Originally Posted by Gilroy

Well Mark you appear to be a complete dreamer, not going to happen, not for cottages, vacant land, commercial, residential.

The country is set to do the following https://www.canada.ca/en/immigration...2021-2023.html

Where do you think these people will live, answer in a home presently occupied by a Canadian and who will be paid BIG MONEY for that property.

Economists do not make sense, I thought after watching the Wall Street Crash, Bank collapsing, sub prime debacle ,you might have got the memo.

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I'll wait and see. My money is on, interest rates will go up sooner or later ... that will cause a credit crunch, properties, especially cottages will correct.
Canada is not too big to fall. You do remember what happen to our much bigger brother down south right, in 2008. It bode well for anyone that went shopping for homes in Florida. I'll wait it out ... thank you.

Quote:

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Originally Posted by mosquito

.... and yet you support the Liberals.... doesn't that suggest some kind of dissonance or misalignment in mental/moral priorities or have you so disassociated morals with the party you support with their actions so it doesn't make you think?

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I did think and decided to vote Liberal again.

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Originally Posted by 410001661

Sounds like the good 'ole Canadian dream......why would you wreck it by labeling something a Liberal or a Conservative thing to do? Some of my best customers are silly servants (teachers, firefighters and cops) and when they call me to do work for them they all want a deal and are all willing to pay CASH to save a couple of bucks. I wonder how they voted in the last election? I could care how they voted because they are padding my TFSA and RRSP.

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Good for you John, help pay for those home renovations on the honey do list. LOL

Quote:

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Originally Posted by MarkB

I'll wait and see. My money is on, interest rates will go up sooner or later ... that will cause a credit crunch, properties, especially cottages will correct.
Canada is not too big to fall. You do remember what happen to our much bigger brother down south right, in 2008. It bode well for anyone that went shopping for homes in Florida. I'll wait it out ... thank you.

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Well Mark I am not a money expert or financial genius but I would like to point out a few thing's to you that you may or not be aware of.

(1) Canada is seen as a safe haven for money from overseas especially from folk's from China and to some extent India.

Just this morning CBC had a story on China's biggest developer just about ready to go bust holding over 300 BILLION in debt
to investors all over the World. Now this is not a new story and that is why the smart money HAS BEEN exiting China in the past few years and getting parked in Canada. The news this morning will accelerate that process and more money will be coming along with the economic class of immigrant. This developer is actually "blowing up brand new condominium's towers" as its cheaper to do than hold onto them. They have according to the report 90 Million unsold units in China. SEE LINK BELOW.
https://www.cnbc.com/2021/09/17/chin...tor-risks.html

(2) The immigration numbers to Canada are going to running at over 400,000 p.a. for the foreseeable future. See my previous link.

(3) Billionaires and millionaires the WORLD over have been buying real estate the WORLD over in order to make the interest rates they desire 10% to 15%. These are the folks who buy up a run down rental apartment block in downtown Toronto, renovate and have it converted to condominiums and kick the old tenants out. This is happening every where, including single family residential units, commercial, anything they can get their hands on to turn a profit.
That is why REIT'S are set up its a pretty good tax strategy for the well heeled.

(4) The type of immigrant we are getting in Canada are simply COPYING what Italians and Portuguese did when they got here. They clubbed their money together ,lived together in a single family unit for years, sold and moved out to their own place.

A house at the back of me sold for 2.1 million, it was a residential home but had commercial zoning and a dentist used to run his practice out of it. It has 12 parking spots, bought by middle eastern folk's and there are at least 4 families now living in that home.

(5) Cottages and land are only going up , even dumpy old homes up north are selling like hot cakes.

I remember about 2 years ago Snow walker got mad at me for posting that a 100 acre parcel beside me of bush land just sold for $120,000.00 he stated that was pretty well impossible. Well it had sold and right now besides that parcel is a 10 acre piece of bush land and they are asking $210,000.00

(6) My wife and I got her disabled brother into a condominium here in central Mississauga. Old building built in 1976, he paid $402,000.00 in April this year this was for a 2 bedroom unit.

We just got our son into the same building two weeks ago with a closing date in the end of November. He paid $428,000.00 for a two bedroom on the 11th floor, which is the penthouse floor, same 2 bedroom in size different layout.
We just got finished visiting with her brother, three days ago a 2 bedroom on that same 11 th floor came up for sale, its listed for $458,000.00 and its not in good a shape as the one my son got. It may sell for more than that.

(7) It you have money parked it better be doing better than my money parked at 1/2% point interest. Even if your making more there is inflation and the interest is going to be taxed in any case.

(8) Another home at the back of me was sold to Chinese for 1.2million dollar's about 3 years ago. The occupants 3-4 students went back to China in April 2020 and did not return. The shingles blew off and the back window was open all last winter and into April this year. The house was then checked and had flooded from top to bottom. Everything went into 3 or 4 large dump boxes, floors ,drywall, furniture, flooring. They put on new windows and door's and just flipped the place for 1.7 million.

(9) The Chinese are buying up everything and not even MOVING into the properties I can give you several examples of this here and up north.

(10) There is a LOT OF MONEY floating around out there, million's of worker ant's in China and India have been exploited for some folks to get so rich, many folk's in England who used to be owner's of homes are now renters, that's where we are at.

So the question is Mark can you afford to gamble and wait to see if your right or do you jump on the bandwagon.

The jocker in the pack and question to be answered is CAN THE WORLD'S BILLIONAIRES manipulate the system again, engineer a upswing in interest rates and CASH IN WITH THE REAL ESTATE MARKET AS THEY DID IN THE USA AND OTHER PLACES IN 2009?

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Originally Posted by Gilroy

I did think and decided to vote Liberal again.

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Ah.... disassociation then and disregard for the ethical, moral, financial etc failures, we usually identify such as ideologues and there is a long history of similar style of followers. Censorship, lies, coverups, interfering with RCMP and ethics investigations etc. etc. ... all swept away since the decision seems to have been made ahead of time and self justifications imposed.

For those interested in just how far down the moral hole I would suggest reading Solzhenitsyn or Browning. Both show how like the followers of Mao etc. arguments based on evidence, morals, ethics etc. are irrelevant and ignored. Orwell in his fictions also hits on this but many are perhaps unfamiliar with how a police battalion ended up responsible for the murder of thousands so I am including a link.
https://archive.org/details/BROWNING...e/n31/mode/2up

Now back to topic, as the "government" continues to spend and increase inflation the poor and middle classes will take the worst damage and when the carbon taxes and policies that will decrease the incentive to work added we should be looking at adding atleast another 2% or being pessimistic perhaps 5% by the end of the year along with another huge deficit, that hopefully this year they found the missing 9,000 projects that got money and have an idea where they spent the money this time.

Quote:

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Originally Posted by Gilroy

Well Mark I am not a money expert or financial genius but I would like to point out a few thing's to you that you may or not be aware of.

(1) Canada is seen as a safe haven for money from overseas especially from folk's from China and to some extent India.

Just this morning CBC had a story on China's biggest developer just about ready to go bust holding over 300 BILLION in debt
to investors all over the World. Now this is not a new story and that is why the smart money HAS BEEN exiting China in the past few years and getting parked in Canada. The news this morning will accelerate that process and more money will be coming along with the economic class of immigrant. This developer is actually "blowing up brand new condominium's towers" as its cheaper to do than hold onto them. They have according to the report 90 Million unsold units in China. SEE LINK BELOW.
https://www.cnbc.com/2021/09/17/chin...tor-risks.html

(2) The immigration numbers to Canada are going to running at over 400,000 p.a. for the foreseeable future. See my previous link.

(3) Billionaires and millionaires the WORLD over have been buying real estate the WORLD over in order to make the interest rates they desire 10% to 15%. These are the folks who buy up a run down rental apartment block in downtown Toronto, renovate and have it converted to condominiums and kick the old tenants out. This is happening every where, including single family residential units, commercial, anything they can get their hands on to turn a profit.
That is why REIT'S are set up its a pretty good tax strategy for the well heeled.

(4) The type of immigrant we are getting in Canada are simply COPYING what Italians and Portuguese did when they got here. They clubbed their money together ,lived together in a single family unit for years, sold and moved out to their own place.

A house at the back of me sold for 2.1 million, it was a residential home but had commercial zoning and a dentist used to run his practice out of it. It has 12 parking spots, bought by middle eastern folk's and there are at least 4 families now living in that home.

(5) Cottages and land are only going up , even dumpy old homes up north are selling like hot cakes.

I remember about 2 years ago Snow walker got mad at me for posting that a 100 acre parcel beside me of bush land just sold for $120,000.00 he stated that was pretty well impossible. Well it had sold and right now besides that parcel is a 10 acre piece of bush land and they are asking $210,000.00

(6) My wife and I got her disabled brother into a condominium here in central Mississauga. Old building built in 1976, he paid $402,000.00 in April this year this was for a 2 bedroom unit.

We just got our son into the same building two weeks ago with a closing date in the end of November. He paid $428,000.00 for a two bedroom on the 11th floor, which is the penthouse floor, same 2 bedroom in size different layout.
We just got finished visiting with her brother, three days ago a 2 bedroom on that same 11 th floor came up for sale, its listed for $458,000.00 and its not in good a shape as the one my son got. It may sell for more than that.

(7) It you have money parked it better be doing better than my money parked at 1/2% point interest. Even if your making more there is inflation and the interest is going to be taxed in any case.

(8) Another home at the back of me was sold to Chinese for 1.2million dollar's about 3 years ago. The occupants 3-4 students went back to China in April 2020 and did not return. The shingles blew off and the back window was open all last winter and into April this year. The house was then checked and had flooded from top to bottom. Everything went into 3 or 4 large dump boxes, floors ,drywall, furniture, flooring. They put on new windows and door's and just flipped the place for 1.7 million.

(9) The Chinese are buying up everything and not even MOVING into the properties I can give you several examples of this here and up north.

(10) There is a LOT OF MONEY floating around out there, million's of worker ant's in China and India have been exploited for some folks to get so rich, many folk's in England who used to be owner's of homes are now renters, that's where we are at.

So the question is Mark can you afford to gamble and wait to see if your right or do you jump on the bandwagon.

The jocker in the pack and question to be answered is CAN THE WORLD'S BILLIONAIRES manipulate the system again, engineer a upswing in interest rates and CASH IN WITH THE REAL ESTATE MARKET AS THEY DID IN THE USA AND OTHER PLACES IN 2009?

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(1), (2), (4), (6), (8), (9), (1) All immigrant demand and international money. Agreed, but let's see if Trudeau will stand by his word and stop oversees non-residents from purchasing homes here. No doubt that's where the demand pressure is coming from ... but in my opinion it is a supply problem ... we have SO MUCH land and yet we have a supply problem??

(3) that's always been the case, for sure over the past several decades. I don't think that features as a "new" pressure.

(5) I believe cottages prices went up as a result of lockdowns, and people wanted to have an outlet ... with us returning back to normal, and let's remember, cottages require maintenance, soon many will realize it isn't for them. That, coupled with a rising interest rate, will cause a correction on these secondary homes ... this is why I target cottages.

(7) Of course I have a variety of investment ... I don't really like holding cash, but some necessary for a rainy day. The reality is access to credit (an empty line of credit is probably one of the best tools to have).

In the end I still believe in economics ... and I believe Trudeau cannot keep spending countless amounts of money, running enormous deficits, with rising inflation (18 year record?), record low interest rates ... without doing something about it ... people are suffering, and the only way to really slow inflation is to raise the interest rate to something more realistic. People will be caught in that mess that ensues ... and the market will change.

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Originally Posted by MarkB

without doing something about it ... people are suffering, and the only way to really slow inflation is to raise the interest rate to something more realistic. People will be caught in that mess that ensues ... and the market will change.

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We all know the history..and it will repeat itself because Liberals never learn by their mistakes.

the Bank of Canada rate hit an all-time high of 20.03% in August 1981

Pierre Elliott Trudeau was PM 1980–1984)..

I was paying 23 7/8 interest then. Fun times

How many of these you city guys seeing on the roads

https://uploads.tapatalk-cdn.com/202...e170755365.jpg

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Originally Posted by js4fn

How many of these you city guys seeing on the roads

https://uploads.tapatalk-cdn.com/202...e170755365.jpg

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You wont find one in my driveway!

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Originally Posted by grumpygeezer

You wont find one in my driveway!

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ZERO!!

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Originally Posted by MarkB

(1), (2), (4), (6), (8), (9), (1) All immigrant demand and international money. Agreed, but let's see if Trudeau will stand by his word and stop oversees non-residents from purchasing homes here. No doubt that's where the demand pressure is coming from ... but in my opinion it is a supply problem ... we have SO MUCH land and yet we have a supply problem??

(3) that's always been the case, for sure over the past several decades. I don't think that features as a "new" pressure.

(5) I believe cottages prices went up as a result of lockdowns, and people wanted to have an outlet ... with us returning back to normal, and let's remember, cottages require maintenance, soon many will realize it isn't for them. That, coupled with a rising interest rate, will cause a correction on these secondary homes ... this is why I target cottages.

(7) Of course I have a variety of investment ... I don't really like holding cash, but some necessary for a rainy day. The reality is access to credit (an empty line of credit is probably one of the best tools to have).

In the end I still believe in economics ... and I believe Trudeau cannot keep spending countless amounts of money, running enormous deficits, with rising inflation (18 year record?), record low interest rates ... without doing something about it ... people are suffering, and the only way to really slow inflation is to raise the interest rate to something more realistic. People will be caught in that mess that ensues ... and the market will change.

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Let me know next year how your doing and if the housing collapse happened.

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Originally Posted by trimmer21

ZERO!!

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My son has one in the driveway but its a 2500 Diesel 2019 with $10,000 wheels on it but he only paid $117,000.00

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Originally Posted by Gilroy

My son has one in the driveway but its a 2500 Diesel 2019 with $10,000 wheels on it but he only paid $117,000.00

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WOW!! Lifestyles of the rich and famous. LOL Well,you know the old adage "When you got it,flaunt it."

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Originally Posted by trimmer21

WOW!! Lifestyles of the rich and famous. LOL Well, you know the old adage "When you got it,flaunt it."

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No not really he had a whopping big loan at 4% that I let him suffer with for the past few years. Paid it off for him and put the car loan into a mortgage.

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Originally Posted by Gilroy

No not really he had a whopping big loan at 4% that I let him suffer with for the past few years. Paid it off for him and put the car loan into a mortgage.

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Top marks for letting him live and learn. One of mine blew $100K on a Land Rover. It was in the shop more than it was on the road (literally). Of course,they never listen to the "old man",like WTH does he know. I didn't need to bail her out. She got fed up and dumped it for a $20K loss. Another lesson learned.

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Originally Posted by trimmer21

Top marks for letting him live and learn. One of mine blew $100K on a Land Rover. It was in the shop more than it was on the road (literally). Of course,they never listen to the "old man",like WTH does he know. I didn't need to bail her out. She got fed up and dumped it for a $20K loss. Another lesson learned.

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Well done brother, this guys only saving grace is that he bought a bumper to bumper 10 years warranty and he has used it at least six times already and this truck almost never does any real work. The Land Rover I would not touch with a ten foot pole and anybody able to access the internet can research that pretty quickly. My son went from being a big Dodge fan, but after a few leaky roof incidents, a few sensor issues and what not he is seeing the light.

Quote:

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Originally Posted by Gilroy

Well done brother, this guys only saving grace is that he bought a bumper to bumper 10 years warranty and he has used it at least six times already and this truck almost never does any real work. The Land Rover I would not touch with a ten foot pole and anybody able to access the internet can research that pretty quickly. My son went from being a big Dodge fan, but after a few leaky roof incidents, a few sensor issues and what not he is seeing the light.

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Mopar = moproblems

Lol

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Originally Posted by Birdbuff

Mopar = moproblems

Lol

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Tundra for me. Zero problems so far

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Originally Posted by Bushwhacker

Tundra for me. Zero problems so far

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I was talking to a retired LEO down in Campbell ford this summer and he was telling me he is pretty pissed of because he has already replaced the rotors and brakes on his Tundra and it was only about 18 mths old. However having said that my friend up north has a two year old Subaru outback and he is complaining of the same thing, my son think's its their driving rather than the quality of the vehicles?

Quote:

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Originally Posted by Gilroy

I was talking to a retired LEO down in Campbell ford this summer and he was telling me he is pretty pissed of because he has already replaced the rotors and brakes on his Tundra and it was only about 18 mths old. However having said that my friend up north has a two year old Subaru outback and he is complaining of the same thing, my son think's its their driving rather than the quality of the vehicles?

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Probably. I have just over 400k on my truck and have only done the brakes once. Don't think there is anything exceptional about them I just don't ride them and let off the accelerator well in advance of a slow down or stop.

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Originally Posted by Species8472

Probably. I have just over 400k on my truck and have only done the brakes once. Don't think there is anything exceptional about them I just don't ride them and let off the accelerator well in advance of a slow down or stop.

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My '17 Silverado just rolled over 70K. I pulled the wheels and checked the brake pads and measured the rotors. The left front pads are down to 50%,the rights are at 70%. The rears still have lots left on them. The rotors still have lots left without having them turned and the rear e-brake shoes and drums are in excellent shape. The brake fluid needed about an ounce and a half to top up. Over all,I'm pretty impressed with how they've held up with the heavy use I put it through (Z71 0ff road) on the camp roads and boat ramps. All I need to change is the rubber. Factory tires aren't what they used to be. I can't believe the price increase for new tires. They're almost double from what they were 5 years ago.

Quote:

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Originally Posted by trimmer21

My '17 Silverado just rolled over 70K. I pulled the wheels and checked the brake pads and measured the rotors. The left front pads are down to 50%,the rights are at 70%. The rears still have lots left on them. The rotors still have lots left without having them turned and the rear e-brake shoes and drums are in excellent shape. The brake fluid needed about an ounce and a half to top up. Over all,I'm pretty impressed with how they've held up with the heavy use I put it through (Z71 0ff road) on the camp roads and boat ramps. All I need to change is the rubber. Factory tires aren't what they used to be. I can't believe the price increase for new tires. They're almost double from what they were 5 years ago.

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Just did my brakes on my 17 1500 sierra. Had 110,000k on them.

Bought front brakes for $74, rears for $58, just smoothed out any grooves or ridges on the rotors with a grinder flap disk, cleaned up and installed. All parts are OEM ac Delco pads as well.

Fronts likely had 25% left and rears 50% too. Easy to do as well. I'll replace rotors as well next time.

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We have a 2011 Caravan that I am squeezing the last ounces of life out of. 240,000km.

We have done front and rear brakes at least 6 times each. I guess they’re known for that - plus my wife learned to drive from her family in Quebec (never any coasting always gas or brake)

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Originally Posted by 73hunter

We have a 2011 Caravan that I am squeezing the last ounces of life out of. 240,000km.

We have done front and rear brakes at least 6 times each. I guess they’re known for that - plus my wife learned to drive from her family in Quebec (never any coasting always gas or brake)

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That's how 90% of people drive now adays. Drives me insane, constantly brake lights on and off, everyone doing 80,90 then 100 then mass braking then 80 again.

Have people tail gate me because I'm coasting and not braking, then they change lanes thinking I'm hanging back hoping to pass, Then they gotta brake hard to get back behind me so they don't get stuck in the slow lane. I really gotta get a new job so I'm not driving to the city in rush hour, Its driving me batty lol

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Originally Posted by js4fn

How many of these you city guys seeing on the roads

https://uploads.tapatalk-cdn.com/202...e170755365.jpg

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So many better vehicles for the money out there IMHO. $120K for a Dodge Ram is crazy!!??

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Originally Posted by 73hunter

We have a 2011 Caravan that I am squeezing the last ounces of life out of. 240,000km.

We have done front and rear brakes at least 6 times each. I guess they’re known for that - plus my wife learned to drive from her family in Quebec (never any coasting always gas or brake)

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I would think that 240,000 km is a little too low for it being the last few ounces of life.
My last 3 vehicles were well above 400,000 km and were still running good when I sold them.
My current vehicle is a 2009 GMC Sierra with just over 430,000 km and still going strong. I have a new truck coming eventually when they get it finished due to the shortage.


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Originally Posted by 410001661

So many better vehicles for the money out there IMHO. $120K for a Dodge Ram is crazy!!??

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I bet you wouldn’t get that off the lot for under 145,000

Crazy crazy crazy

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Originally Posted by Mauro

I would think that 240,000 km is a little too low for it being the last few ounces of life.
My last 3 vehicles were well above 400,000 km and were still running good when I sold them.
My current vehicle is a 2009 GMC Sierra with just over 430,000 km and still going strong. I have a new truck coming eventually when they get it finished due to the shortage.


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I agree, but it’s a Dodge. ������

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Originally Posted by trimmer21

WOW!! Lifestyles of the rich and famous. LOL Well,you know the old adage "When you got it,flaunt it."

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The other old adage starts with “A fool and his money…..”

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Originally Posted by 73hunter

The other old adage starts with “A fool and his money…..”

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Repeat after me........depreciating asset! Unless you can write your car off you are throwing your money away IMHO.

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Originally Posted by SongDog

Just did my brakes on my 17 1500 sierra. Had 110,000k on them.

Bought front brakes for $74, rears for $58, just smoothed out any grooves or ridges on the rotors with a grinder flap disk, cleaned up and installed. All parts are OEM ac Delco pads as well.

Fronts likely had 25% left and rears 50% too. Easy to do as well. I'll replace rotors as well next time.

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I bought pads for my 18 when it hit about 90k, when I went to do them there's still half the life left in them so the new ones are on the shelf, keep those original rotors as long as possible cuz the Chinese ones don't get nearly the same life. I get more upset about the 8L of oil I gotta put in it.