/biz/ - Business & Finance

>>49912053
case in point, my uncle fomoed into a house in Ottawa for 800k because " you just to do a little reno and flip it for a quick 100k", this guy is senior civil servant lol
I want to buy when he capitulates

>>49912053
Good. All real estate needs to crash by 90% and stay there.

>>49912053
The bank of Canada is aware that their hands are tied with inflation. Previously they'd never allow housing to crash but with the inflationary crisis they are forced to take drastic measures. I can see the market getting much, much worse.

>>49912112
already found some nice places for 3-400k in gatineau, want to get them for sub 200k when mortgage market collapses

>>49912174
That's still too much. I want to see it crash further than that. Most houses should not even cost 100K.

>>49912053
Be Canada
>pretended to have robust banking sector after 08, actually just restarted housing bubble on Chinese FDI
> Flipping houses at like %10-%15 of GD"P" (whats the product in that?)
>have all baby boomers retiring at same time
>no kids to sell too, immigrants too poor not to afford without printer go burr
>ends Chinese FDI to housing market for vanity
>provokes chinese with election fraud accusations, for vanity
>Destroyies confidance in Dollar by extra-judicially freezing and seizing capital retro-actively over a peaceful protest
>Still printing ad nausem

No, were not buying into their retardation, we spent the last 20 years on the worlds information trove with high neural plasticity while they continued on the TV watching sitcoms. We build something new when their arrogance, hubris and ego are no longer footed by international finance

>>49912053
i refuse to buy any condo/house in a big canadian "city" (collection of strip malls, mcmansions, and 20 storey "skyscrapers") for over 150k. i refuse to live in any small canadian town, and the best ones are too expensive anyways. i cannot believe there are human beings that think that property in globohomo city (toronto) is worth over a million dollars. i refuse to live in a country where people believe this and accept this. i refuse to call this "country" a democracy when i did not consent to the most extreme money printing in the western world, nor did i consent to mass demographic replacement nor the legality of 20/25/30 year mortgages. fuck you niggers, i'm out of here

>>49912276
The gov is now shilling our "growing" tech sector, which in my mind is basically venture capitalist backed startups that make 0 fucking money.
>>49912299
Toronto is a wasteland but it's paradise compared to American cities and has high wages. Just get a remote job in Toronto and work out of Newfoundland my dude.

>>49912299
Mississauga is the 2nd most expensive city in north America behind NYC. To live in Mississauga... Fuck Canada.

>>49912423
It's really sad what happened to the country. Canada used to be a LOT better.

It's not even close to back to a reasonable price until there is a 70%+ drop.

>>49912423
fucking LMAO. not only is it a suburb, but it's the 2nd worst suburb behind brampton
>>49912405
>Toronto is a wasteland but it's paradise compared to American cities
lmao
and has high wages.
by canadian standards? yes. by american standards? no, plus it's more expensive to live in than, say, chicago or austin.
Just get a remote job in Toronto and work out of Newfoundland
not every industry is remote working, and even many that are, are now forcing their wagecucks back to toronto full time. it's why NB's real estate is shitting the bed faster than ontario. fags moved to moncton and fredericton thinking they were going to WFH only to get dabbed on by their boomer employees.

>>49912528
already down 15-25% in 4 months in suburbia, places like bancroft and eastern ontario cottage country will probably fully retrace to 2019 prices once reality sets in THAT THERE ARE NO BUYERS

>>49912423
fucking LMAO. not only is it a suburb, but it's the 2nd worst suburb behind brampton
>>49912405
>Toronto is a wasteland but it's paradise compared to American cities
lmao
>and has high wages.
by canadian standards? yes. by american standards? no, plus it's more expensive to live in than, say, chicago or austin.
>Just get a remote job in Toronto and work out of Newfoundland
not every industry is remote working, and even many that are, are now forcing their wagecucks back to toronto full time. it's why NB's real estate is shitting the bed faster than ontario. fags moved to moncton and fredericton thinking they were going to WFH only to get dabbed on by their boomer employees.

>>49912405
>The gov is now shilling our "growing" tech sector, which in my mind is basically venture capitalist backed startups that make 0 fucking money.
yeah tech zombie firms that do webdev and smartphones, irl adult day cares that shill blackrock propaganda in exchange for printed over loans. Sounds comfy for a neet, but will not stave the venezuealinization of this country.

>>49912607
*boomer employers

>>49912603
>fully retrace to 2019 prices
call me when it fully retraces to 2009
shit was already fucking retarded back then

>>49912405 many in newfoundland fly to Alberta to work and fly home every 3 weeks , they make bank and buy houses for 55k

>>49912423
I think that's oakville

>>49912477
I'm just gunna blame the governments policy on population growth and reliance on chinese money to pump GDP instead of productive investments and there is nothing you do about it

How can I profit from the incoming canadian RE crash?

>>49912934
Buy houses with extreme leverage and wait for BoC to tank rates and cause another boom in 3 years.

>>49912423
I dont understand why anyone would live in Mississisauga.
>horrible dogshit roads
>hideous women
>random mix of mystery meat people with no common cultural or ethnic ties
>skyhigh real estate
>crap wages by NA big city standards
Just awful all around. t. 15 years in that dump.

>>49912053
Good, I have puts on Canada

>>49912053

Housing market won't crash anon. It just won't.

>>49912934
short hcg, first national, eqbank and MICs

>>49912964
crash started in February

>>49912934
If you're American without an interactive brokers brokerage, the easiest way would be to buy puts on Canada, EWC

>>49912053
I'm going to get myself an entire quarter section!

Was literally just browsing real estate in bracebridge. Saw 0.74 acre of land undeveloped in a residential neighborhood for 140k. Seemed alright but wondering how much cheaper this could go for. I need to get out of the GTA bros it's full of poos, blacks, and traffic. CANNOT raise a family here.

>>49913063
>I need to get out of the GTA bros it's full of poos, blacks, and traffic.
What do you mean?! You're living the Canadian Dream™

>>49913063
That's everywhere now. Either that or methville. You get the choice of seeing weird people waking on the shoulders of highways wearing weird clothing and walking around with disgusting distended stomachs, or methville.

>>49912053
I'm waiting for all of the pajeets to leave back home because of their negative equity real estate debts.

>>49912053
I hope landlords kill themselves in droves.

>>49912921
it would be amazing if there was a big cold war with china and Canada lost all access to chinese money!

>>49913281
>Canada lost all access to chinese money!
I unironically want this to happen.

>>49912964
I've lived in a few countries and Canadians are the most financially stupid I've seen.

>>49913063
Lmfao I was driving past an elementary school a couple of months ago. Just hordes and hordes of the most hideous repulsive Pajeet vermin and this lonely redhead boy on the school playground lol. Felt so bad for him.

>>49913293
I'd prefer the Chinese to Jeets/Negroids/Arabs.

>>49913309
Please think of Billy Boomer's house equity. You don't deserve anything anyway.

need to rent a condo downtown toronto, should I wait a month or two?

>>49913331


yeah I lived in vancouver. At least chinks have attractive women. Now i am working w/ all pavjeets and it hurts my eyes to look at lots of these ppl. So ugly.

>>49912053
I don’t have enough fiat right now. I could sell some of my real estate bags now and buy back later but too scared

>>49913297
Yes they are which makes recessionary periods even better for making money than the USA.
>>49913331
I'm not talking about people, I'm talking about the money funneled by the CCP. They literally buy out politicians to push the most left wing bs possible and derail any industry that can possibly thrive here. You're complaining about the symptoms not the disease.

>>49912053
what about when the die kek

>>49913339
No point now, rents are on an upward trajectory. However you can probably find a way to scam the system if you're desperate. Toronto rental laws are insanely favorable for renters.

I'm stuck in Vancouver renting in a co-op that will be ripped down eventually. No shitty landlord though, thank fuck. Family has cash getting hammered in the bank since 2017 (if it is even worth anything in a correction) and RRSPs that will tank in the market. Even if it goes so does the purchasing power to pool resources in my case.

>>49912053
Good. Crash it. Harder. Faster.

>>49913386
how many cottages are there outside urban areas, owned by boomers who won't be able to shovel snow for much longer? or afford the gas to exist there?

>>49913454
I see, every place I'm trying to rent actually goes for 1-300 more than asking/listing price... brutally competitive

>>49913482
Lots but you'll have some degree of competitiveness in Muskoka. It's one of those luxury real estate zones that don't tend downwards too much during bad times. That said, other places will get extremely fucked.

>>49913514
in quebec, I imagine there are many shoes to drop here

>>49913554
Probably but Quebec is also not too profitable if your goal is to buy low sell high. That said Quebec is maximum comfy and good for families.

>>49913591
my goal is to buy a home and then drop out the system and everyone can fuck off

>>49913642
Parles-tu Francais?

>>49913642
Look into Alberta as well as some of the eastern provinces. Assuming you make a good remote wage, you can live like a king and in high trust communities that no one migrates to.

>>49913678
Meh he should be okay unless he goes deep into pas d'anglais territory.

>>49913678
malheureusement pas encore. je vais!

>>49913689
I have kids, one who needs a specific school, so staying urban for now. good wage, in tech, just need housing to crash, fuck canuck landlords

>>49912405
>The gov is now shilling our "growing" tech sector, which in my mind is basically venture capitalist backed startups that make 0 fucking money.
Most of our tech companies are basically doing contract work or side-projects for American tech companies, thanks to the cheaper dollar. They're bringing in revenue, but not always generating net profit for their clients globally. It'll be a different story once CAD rises up again during the next commodity boom.

>>49912477
Vancouver in the 90's was so kino, now it's a chink colony and ultra-globalhomo soulless shithole.

>>49913864
Pretty well all of Canada was better in the 90s. Even 2010 Canada was better than now.

>>49913776
>good wage, in tech, just need housing to crash, fuck canuck landlords
I feel your pain there brother, hope it works out.
>>49913820
Yeah I can see a lot going under or being absorbed by the banks when they eventually look to "diversify".

I moved out of Canada about 5 years ago and have been doing pretty well.
Married now and own a house abroad, but I’d still like to move back to Canada when our kids are old enough.
However its a real hard decision since it seems as if Canada is just getting worse, and I have a grin feeling that I’d go from living a comfortable life with lots of extra cash available to invest or just use for fun to one where I’m basically just toiling and have nothing to show for it in Canada.

>>49914482
I definitely wouldn't come back. The Canada from 5 years ago is gone, and it's not like it was all that great here then either

Putting most of my savings in a GIC after their next rate hike in July.

They're already at 3.5% but im hoping I can lock in at 5% next month

>>49914482
Make sure, even if you're abroad, that you have a maxed out TFSA that you invest with. If you're a Canadian and you're not abusing the shit out of the TFSA you're missing out. It's all perfectly legal too.

>>49914482
I moved back from the U.S. 4 years ago back to Toronto. I was working a white collar consulting job paying about 150k and moved back to a 130k CAD job in Toronto to be closer to my parents.

Definitely feels like things got worse. Canadians just dont have competitive spirit like in the U.S. I would move back to the US if I could but my gf doesn't want to leave her parents.

>>49912053
>0.75-1.0% rate hike incoming
This means nothing. Prices might drop slightly but we are not going to get a massive collapse.

>>49914652
Do you use Questrade?

>>49912053
It's even worse than it looks. All of these drops are with people holding rates from 3 months ago, some of those people only had a .5 bp on the loan. The .5 from earlier this month hasn't even hit the market yet, and even the .5 from May is only just now showing it's effect.

A single .75 has caused this much damage, just wait in till the next 1.25 and likely more start taking effect.

Please bros I work for a giant corporate landlord don’t tell me the market is going to implode I can’t afford to lose my job

>>49914771
The recession is almost locked in at this point, and it's likely going to be one of the worst recessions ever. You need to start planning for the worst, nobody is going to be safe except those with a lot of cash.

>>49914728
No I trade with my bank's platform (TD) because they've waived my fees and I already had stock with them that I didn't want to sell off. But questrade is good as is wealth simple now that the neo exchange and USD accounts are on there.

Hope BC is tiny town of 4000 people about 2-3 hours from Vancouver. You can't get a house here under 800k these days lol. It has no amenities at all. Just two tiny grocery stores. A post office that is only open for 4 hours a day.

You buy a house 20 mins bike ride way from Amsterdam for that price lol

>>49914662
Dump her or marry her on the condition they all leave Canada

>>49914932
canada is full of these "world class" shitholes

>>49914932
my parents were looking for some lakefront vacation rental property in Essex county Ontario, very small town maybe an hour out of Windsor on Lake St.Claire

utterly tiny cottage, listed for 400k, they go to ask and the guys says he is actually selling for over 800k and won't go lower because he has a lot of interest.

utter insanity, and people still pay it.

Well, that's actually not a bad idea majorly meant for those who have got it takes to put up a fight with others surrendering. It affects the entire state of things; as simple as that question was...
That's why crypto levels the playing field and allows Anons to earn what they really want to, with patience…

the eternal leaf problem
>everything is going down
>have cash but no-where to put it
>can buy hard goods but those aren't liquid and will probably depreciate
I hate my life

>Base entire economy off housing speculation
>It's now all about to go up in flames

This is gonna be Japan 1991 on steroids

>>49915053
>>49915085
Its nuts. If this is not fixed in next two years. I am leaving for sure. I have a high paying in demand job. I can live like a king in Europe. However, in Canada I can't even afford a shitty 2 bedroom. Might just leave regardless because if housing crashes, the whole house of cards will too

A recession and housing crash in necessary. Some of the people in Canada are so fucking deluded when it comes to housing. Yeah like its perfectly normal for a country that has GDP/Capita much smaller than US to have housing prices that are 1.5-2 times higher.

If you read a book called House of Debt by Mian and Sufi, two economists who study household debts and recessions. You will see how fucked Canada is gonna be.

Countries that have high household debt always get buttfucked when recession hits. Canada is one of the worst in the world when it comes to it, and its all due to housing.

How can I, as an American, profit off the collapse of the Canadian real estate market.

>>49915237
My tripfaggot name. Just buy puts on EWC. A real estate crash the size or bigger than 2008 will cause enough collateral damage to their stock market to make the whole thing plummet.

>>49912053
I'm saving cash like crazy so I can buy 3-4 houses for 50k each when the market collapses 90%. Good times ahead!

>>49915237
see >>49912968

>>49915234
I moved away 5 years ago to Asia, making good money here and have a ton of savings/investments with zero debt.

I know for sure if I moved back to Canada now I'd be a debt ridden wage slave very quickly

>>49912405
toronto is majority asian (asians and poo skins). id be damned to buy a house within 50km of the city core

>>49915287
Do you have a problem with poo skins?

>>49914681
There is a ton of toxic debt in the system. It will matter in a few years when people remortgage. My cousin is already shitting bricks without any equity in her home after recently buying her first condo leveraged to the tits. People are addicted to cheap money and I don't think they are going to stomach rehab.
>>49914932
Except for the fact we're captive here and can't just become a transient as easily as people willing to park their dirty capital here can. It's easy to buy PR or get in under schemes like the Rural and Northern Immigration Pilot Program. Show me similar in the Netherlands and I'd pack my bags immediately. Vancouver is uninhabitable without pooling resources for multigenerational homes at this point.
>>49915149
Family has cash and I have some gold both are deep in the red. I can see why real estate is pumped to the max, as by design.

>>49915262
Same, made 40k with the reflex pump from the recent listing, im getting closer in closer to moving in

>>49915335
buy an eu golden visa and then live anywhere you want in the eu
500k euros

>>49915335
>I can see why real estate is pumped to the max, as by design.
It is literally all this country can offer
It is a skeleton economy where the workers are tax-raped and the politicians are plundering the treasury + taking bribes from foreign investors to ensure their housing prices never go down
Canada cannot offer anyone anything besides commodity extraction and that is the lowest value operation on the economic development graph

>>49914599
nice man ull only lose 5-7% per year to inflation

>>49915335

If you have a degree and you can land a job in Netherlands (or most countries), its pretty easy to obtain a work visa then a permanent residency as a Canadian. You just need to convince a employer to hire you and sponsor your visa.

Now is probably a good time to do so because of Labour shortages.

>>49915378
>where the workers are tax-raped
there is not a huge difference in income tax between Canada and the US, but there is a big difference in wages in some sectors

>>49915425
Depends on your tax bracket but within reason yes
That's only income tax though, not all the other bullshit carbon taxes, GST/HST, etc.
Our CoL is considerably higher than America's and we're paid less for similar jobs (and our employers have epic poems of education and experience requirements, if you don't meet 94% of them then you're into the bucket)

>>49912276
>>Destroyies confidance in Dollar by extra-judicially freezing and seizing capital retro-actively over a peaceful protest
nobody gives a fuck about the gubmint slapping around those retarded fake truckers, least of all bay street, deal with it
it was funny as shit watching them wail and cry when cops from across the country finally dropped the hammer, only wish we could have seen the boot getting put to them

>>49912964
Severe market corrections are happening but for a crash to happen too much leverage isn't enough.

>>49914662
>Canadians just dont have competitive spirit like in the U.S.
burgers are incredible morons but at least they aren't as fucking cheap as leafs are

>>49915508
fuck off back to the couch boomer

>>49915562
cry more you pathetic moron
watching those retards trying to build snow barriers to block the cops was the funniest shit canadians have done since sctv ended
the only reason the ottawa cops tolerated you was because they wanted to get rid of that police chief, in toronto you got rejected worse than a leafs attempt at a playoff berth

>>49912085
>A quick 100k
>Closing costs
>Agent costs
>Taxes
Bro just risk 800k to make $30k profit maybe lol it's easy

>>49913678
Oui, je parle francais. Putain.

>>49915524
>Severe market corrections are happening but for a crash to happen too much leverage isn't enough.
i'd read somewhere that we wouldn't have a crash as bad as 2008 simply because jingle mail doesn't work here, you can't just walk away from an underwater mortgage
whether or not that's true, simple fact is that most MPs are landlords or get donations from landlords, so they'll lean on the BoC to lay off
Canada's not as fucked as the US anyway since we're big energy and food exporters, so there's money coming in, though it's going to turn the albertans into even bigger douchebags

>>49915676
Walk away or not, if people can't pay, wtf are they gonna do?

Inflation and rising mortgages are a double dragon dildo combo about to fuck the investooors.

>>49915623
>remembers when sctv was aired on tv
>petty local politics
>obligatory leafs reference

fuck off and die already

>>49913689
How do I get into the remote game? Or do I need a CS degree for any of the comfy ones?

Should I leave Canada bros? I feel like a foreigner in my own land. Grew up in an 80% "minority" city. I just want to belong.

>>49915623
>cry more you pathetic moron
woman moment

>>49915337
Based

>>49912603
You think there are no buyers if it reaches even close to 50%?
You underestimate the amount of money the rich have.
I have an uncle who bought 6 single family homes with 0 debt with cash in the covid panic and he has enough “dry powder” to buy 20 more if there is another discount season.
Poors buy discounted clothing and electronics the rich buy houses and assets in general. It’s how they stay rich,

>>49915676
>>49915704
Yeah sure the government can keep rates low and turn your currency into trash compared to USD to prevent a "housing crash". Doesn't matter, my puts on Canada are denominated in USD

Your dumb ass ancestors shouldn't have sold their family farms to go work in globohomo industrialist factories.

>T. Albertafag living on the exact farm my Swedish g g grandparents settled in the 1890s.

What's a mortgage?

>>49916020
How many Canadians do you think exist with as much liquid wealth as your Uncle?

>>49916527
All the rich ones from India, China, Middle East, etc. The rest can be bought by Blackrock. In fact all these underwater homes likely will not even be listed and will instead just be sold behind closed doors to the aforementioned groups. The whole point of this is ultimately not even to make money, it's just to ensure the average person never owns anything ever again.

>>49916586
>When your only hope for volume is that the turf world is conspiring against you.

I said liquid wealth, those places are infamously illiquid wealth holders.

>>49915676
>though it's going to turn the albertans into even bigger douchebags

I’m so fucking sorry we are the only ones ever supporting this shit countries economy. Fuck you.

>>49916586
>India, China, Middle East
Indians are usually poor and buy very low income housing. The Chinese are coming here at lower rates and middle easterners were never that huge of a block. Banks don't want to hold Canadian housing because its extremely volatile and if its held in the hands of corporations, would collapse the Canadian economy and become worthless. Not to mention, Canada is a landlords nightmare.

>>49912921

>I'm just gunna blame the governments policy on population growth and reliance on chinese money to pump GDP instead of productive investments

Woah, Canada is just Australia with snow

>>49916728
and more stinky poos

>>49915373
500k euros is 684k cad, that's a lot of money dang.
Looks like portugal has a 280k euro option if you buy real estate, which is 380k cad, not as bad...
Greece has a similar option for 300k euro (after taxes and fees) as well.

I don't know anything about real estate in these countries but if you're likely to get most of the money back within 5 years or something that might be a good deal.

I saw Grenada has a 150k option and no covid testing or mandates or anything which is cool, who knows when Canada will lock us in again, and with the portugal visa they require residency for 7 days every year so it's risky to go that route. Demographics don't look great in Grenada though, and they're not part of the EU, but might be worth considering if money is tight.

I think the ideal place would be a deep red state in the US but it's tough getting legal permanent residency unless you find someone to marry or something.

>>49916527
What this guy says is true >>49916586
my Uncle is Chinese, do you expect him to baghold the worthless USD he gets dumped on from exporting consoomer shit to the U.S in cash forever? Ofcourse not. They buy assets in resource rich countries. And there are a fuckton of them.

>>49916020
The rich don't keep dollars hanging around, they stick them into investment accounts, which started falling dramatically before housing did. And nobody wants to catch a falling knife. If it feels like a 40-50% drop is in the cards, people will wait. Don't make market assumptions based on people with unlimited buying power making perfect decisions or you will be wrekt every time.

>>49916898
Hmm it's kind of tricky getting to the Caribbean, most flights seem to go through miami and as far as I know there's a risk of you not being allowed into the US unvaccinated.
Might be possible to go to London UK, and then fly to Saint Lucia.
Or maybe go directly to Jamaica or Cuba or Dominican Republic, and then take a boat from there to Grenada, idk if anyone actually does that tho.
Or go directly to Barbados (which has a covid test requirement on entry) and then to Grenada.

>>49915237
you as an american can profit off of the collapse of the american real estate market

>>49916673
"please lord let me have just one more energy boom I promise not to waste it this time"
If you weren't all complete fucking morons, down to the last rig pig, then Alberta would be like Norway or Dubai. Instead you blow all of it on cocaine and lifted trucks and whine about Quebec.

>>49915744
Most of Canada outside of the big cities is white as fuck, if that's really what you want then just move to somewhere more northern that isn't a big city
Granted there's gonna be natives, but they're less 'foreign' than you probably are

I got told by my American friend once that Toronto is like the south, just with a little bit less racism. A lot of people over compensating their small dicks with big trucks, lower class people, and philistines roam that city. My friend is from the south and he says he can tell south when he sees south.

>>49912053
You wanna talk about a bad local real estate market? Fuck talking about Vancouver, look at oakville, that place from a financial standpoint is literal hell. The cheapest houses you can find for sale are like 1.2 mil and good luck trying to rent even a basement as now renters are OUTBIDDING one another and usually the listed rent price will go up about 25% due to that phenomenon. All the old houses are bought up in cash by pajeets or by china men that aren't even citizens that use chinese gov funded foreign housing grants. Whole blocks of beautiful old heritage houses and bungalows were ripped to shreds by these gooks and pajeets and turned into the ugliest fucking mcmansions you can think of. Almost all of the real estate in that town is worth 60% more than it should be and god have mercy on your soul if you live north of the QEW. The boomers in that town sold out hard to foreigners and now there kids will reap what they sowed. Also while the town was nice it creeped me the fuck out. The town is littered with masonic imagery EVERYWHERE! Used to live there and when I walked down lakeshore in the downtown core there was masonic plaques and symbols on every fucking building. Housing in places like oakville and the GTA needs to collapse ASAP or i'll be leaving Canada permanently.

>>49912053
Reminder for trudocucks

>>49915383
> he believes the lie that inflation is only 7%

>>49912477
canada had the potential to be such a great nation and these 'leaders' and other homo elite stringed puppets fucked it all up diluting some of the best places with third world subhumans, maybe even permanently.

>>49915508
Get a load of this pathetic commie boot licker.

>>49912477
Thats what you get for electing a literal globohomo commie faggot

>>49914932
I used to live in a city about 90 minutes out of the way from Toronto. Was not on the 401, had no jobs, and was hit extremely hard by the opioid epidemic. My parents sold their townhouse there in 2018 for $250,000 and are now priced out of the city for good. Average housing price now? $830,000.

>>49912276
in this moment are you extatic?
jesus christ the gayddit faggotry radiating from this one

>>49912085
>>49912174
Based, Ottawa Anon here too.
I hear Buckingham is the new Aylmer. I went to explore and it's actually a nice little town with houses in the 300's.

>>49915329
Poos are honorary Aryans. They usually work hard, and have very similar features to whites. India needed to stay as multiple kingdoms like Europe though to keep up the warring, technological progress and population control that comes with warring. Too bad they overbred and can't stop.

>>49919954
Barrie? Peterborough?

>tfw looking for a house in Hamilton/grimsby/binbrook area
It doesn’t help when you can only got a 350k mortgage either

>>49915676
Canadians don't understand anything about the mechanics of financial downturns. They just regurgitate the same three points they heard.

>>49916586
> Back wock will buy them all
Another Canadians cope

>>49913642
same

>>49920180
yeah it's one of them. won't say which one though

>>49912053
You couldn't pay me to live in Canada. I'm honestly concerned that I share a border with this cuckshed of a nation.

>>49913864
Same here

>.T Montreal frog

>>49912053
>Anybody else salivating at the chance to buy some cheap rural property when boomers capitulate

Even if it drops 50% ON houses are still horrifically overpriced.

>>49915184
if it's any consolation, Australia is about to experience the same thing. Our economy is _literally_ propped up by the housing market, so much so that the Government sees fit to literally intervene whenever they can. They recently unrolled a "shared equity scheme" where the Govt co-owns up to 25% of your house and will let you buy with a 5% deposit.

>>49912053
property values in Ontario are worse than anywhere else. my little house in scarborough should be worth around 400k, but it'd go for 1.3m at least and there are CSIS a few doors down and niggers everywhere. people get jumped in this neighborhood while big brother watches our children pee for their own protection. this house ought to be worth 100k considering what Canada has become

>>49921413
let's see
> uk
> canada
> australia
> new zealand
British people are rentier cunts.

>>49918071
>all that cope
yet he's still in power
and chuds are still seething about it

>>49912112
>senior civil servant in Canada
Fat salary, 35 hrs/wk, defined pension. He'll be just fine. He bought that property with throw-away money.

>>49913703
wrong Quebec is on a trajectory to scare away all anglos in 10-20 years, even at the expense of the economy
so long as they pop out kids, the federal will bail them out for votes

>>49913820
tech in Queerbec is a government welfar program, they dump our own taxes into keeping constantly failing "game" developers solvent in order to keep zoomer "coders" and "artists" happy and voting

Still pumping where I'm at. I bought last July. Only idiots are panic selling. Seethe rent cuck.

>>49921894
>bought last July.
> seethe

>>49915184
yamero!

>>49916728
it really is though

>>49921813
>so long as they pop out kids
I need to get a "Gen's du pays" singing quebecker GF immediately then. Any tips?

>>49912085
exactly

>"housing ONLY goes up anon, you gotta get a property NOW it's only gettin worse!"

capitulate boomers

>>49915508
>nobody gives a fuck about the gubmint slapping
anyone whose read financial history gives a big phat wholloping fuck

>>49921908
>12 posts by this ID
>claims I'm seething
The top was in March and prices are up here significantly compared to last July. My business is booming too, shoot me a message if you're looking for work.

>>49921894
>Only idiots are panic selling
Yes and they're the ones that'll tank the market. But if you're in a position to hold strong you'll win in the end. In my area people are on the brink of being liquidated.

>>49920084
Ottawa anon checking in. Nature is cool but fuck I hate it here.

>>49923323
I'd recommend

CTV ran an article yesterday saying “experts” don’t think a recession will happen. HAHAHAHAH

>>49923528
>CTV experts
Probably Ryerson drop outs

>>49923528
>experts
these guy have been saying a lot of strange stuff the last few years

>>49921413
kek Canada created a similar kind of shared equity scheme for first time home buyers, they give you a 5% deposit (or 10% for a new build) but they own that 5% until you sell or until you pay off the mortgage. The kicker is in 25 years that 5% will have grown with inflation, so even though you may have borrowed 40k on a 800k home, if in 25 years that home is selling for 2.5 million, you have to pay the government 125k.
Or if you ever move you have to pay it back immediately kek. Such greedy little fucks

>>49920154
pajeets are australoid aboriginal halfbreeds. they even have East Asian DNA. All the aryan nation retards in India forget that they are brown because of the australoid component that existed in India before the aryan invasion.

>>49923967
they are doing this to support the market at prices that cannot be paid otherwise.
the intro of this scheme is a big "top" signal

>>49912053
Hopefully it crashes to the ground

>>49912053
real estate will drop but you're all delusional faggots if you think it will be allowed to drop to levels where the electorate truly suffers and there is mass market carnage. If you believe this you are unironically a nufag to life and should kys

>>49924756
Do you legit talk like this in real life or are you just playing retarded on the internet?

>>49924813
real estate dreamer detected. truth hurts?

>>49924756
This anon is right. Canada is not the U.S. the government will use political levers to prevent market forces from naturally cleansing the system. It's not like the U.S. were the government is limited in how much market control it has.

The way vaccine mandates was introduced to the federal government workers and the big banks were used to freeze bank accounts of the truck protestors should clue you in. The state will use political mandates to prevent a 2008 style crash in Canada because it will be deemed to be in the "interest of national security". That being said, housing will decline but I highly doubt a big crash will occur.

Canada and it's fundamental culture is much more of statist than the U.S. I have spent time on both sides of the border and this is my biggest dislike about returning to Canada. I really don't like how people are childishly relianct and believe in the state institutions to bail them out no matter what. It breeds a culture of slavish dependence and simultaneously complacency.

>>49925118
Ask me how I know you have a HELOC

>incels have been waiting since 2015 and are now ecstatic that prices will finally ""crash"" back to 2019

>>49924756
BoC has zero control over rates. Zero.

check out @economicwoes on twitter - some leaf pajeet that shits on realtors
very funny these days

>>49920154

Indians are some of the most inbred people on earth, next to Muslims.

>>49925463
you are going to get an incredibly frustrating lesson in what post-modern political economy looks like in the clown world.

I am not happy about any of this btw, I'm just telling you how it will be.

>>49925118
Even dictatorships often fail to prevent recessions or inflation.

>>49924756
25% of home owners can't afford their current mortgage. BoC predicts rate hikes for 2023, so yeah good luck with that.
>>49925118
That would make sense except you overlooked the fact that Canada is more susceptible to inflation than the United States. We have no massive stock index to push off inflation and no world reserve status to balance our currency. We also had the highest % increase in our MS curve among first world countries. Rates will rise and the over leveraged will get liquidated, its inevitable.

>>49924756
>>49925118
I suspect this as well. As the lionshare of money isn't printed by the Government, or the Bank of Canada, but by private commerical banks like BMO and RBC when they fractionally reserve lend for mortgages. Like 90-95% of all newly minted bills are created this way.

This has set up a too-big-to-fail mechanic where the value of CAD is directly tied to the housing market. Fiscal and monetary policy is really for show, this is the true money mechanic lever. To decreasing housing is to decrease CAD.

Since money, like krugman said, is backed by men with guns (nuclear backed currency) the geopolitics is the core driving factor. But there is a limit to everything, and ponzi mechanics will always be ponzi dynamics. At some point the MIC may just instead wage colour revolution in the West instead of dealing with the gluttoned laurentians in the East

>>49925636
nobody here is denying inflation or recession the debate is about what will happen. Some nufags think 30's style crash and others believe new clown world bubbles. The only debate should be: what will be the new horseshit they peddle?

>>49925363
I bought my puts a few weeks ago.

>>49925757
Probably stagflation with some level of crash in real estate, potentially catastrophic but possibly just a correction, depending on how badly companies layoff and homeowners panic.

>>49925794
bets on new bubble sector to emerge from this?

>>49925604
I hear you, but either:
1. they let housing slide as they follow the fed on rates
2. they inflate and i get to step over dying boomers in the street
I'm happy with either outcome

>>49925764
what'd you go for?

>>49925818
If the US is any indication, stocks, especially tech and to a lesser extent biotech. But Canada's industry is tiny, so it might have to be some foreign etfs as well.

>>49925818
high rates destroy credit, it's not like there is the same amount of 'money' sloshing around somewhere else

>>49925899
I have one 9/16/2022 on ewc at a strike price of 36, and 10 at a strike price of 29

>>49925942
>ewc
-11% ytd, yeah could go a lot lower once the 'middle class' stop spending due to housing appreciation

>>49925872
Yes they either bail people somehow for muh political reasons and inflation gets much worse or they allow a crash and are politically sunk. Solution? Controlled demolition and slow crash funded by inflationary spending and gibs increases and muh programs funded by the same.

Either way stagflation 100% you're right

>>49925917
lmao I'm in Canada's "silicon valley" and if that's what daddy needs to save the farm we better start packing

>>49925940
these psychos will mmt us to oblivion while they trip on dmt for a while bro. This will be very political

>>49913864
i think about that often, that had to be one of the best places in the world to be if not THE best, I would choose victoria island.

>>49925168
Nah, I considered it at one point but ended up selling my downtown Toronto late last year. Dodged the bullet but for entirely different reasoning as I was leaving my job over the vaccine mandate not because I had some supernatural insight into the housing market.

>>49925653
>>49925665
Eventually yes, it's inevitable, but don't underestimate how long political fiat can artificially keep the game going. It may be short term in the historical sense but, let's say they manage to put a floor on the housing market for another 10 years, for the individual that is a long time. I am turning 35 this year, in 10 years, most millennial will be in their 40's. In the mean time I still have to live my life, we can't necessarily wait for nature to correct man's folly.

>>49925970
I think they will fuck it up and CAD will tank or housing will tank, Trudeau / Freeland have zero brains or experience.
Even watching your pre election debates, I'm sorry to tell you but Canada is retarded.
> Hi is that Powell? It's Justin. Look I need you to stop raising rates, it's really hurting us
>> Not my problem

>>49926241
>but don't underestimate how long political fiat can artificially keep the game going.
Indeed, which is what vexxes me. The average fiat currency regime lasts 20 years. We are on year 50. At this point the mathematical error of fractional reserves, just as in ages past, has sent all the money not into factories for workers, but housing for rent extractors. This stuff quadratically scales, so its exponentially more difficult each passing year

>>49926306
also as rentier activity becomes more rewarding than real activity, people switch, productivity goes down, more people switch etc.
I think the USA have actually figured this out and are going to nuke it.
People have to lose big to scare them back into real activity. Until that happens Powell will keep raising.