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applegrove

(131,665 posts)

4. Two markets are hot right now. People are being warned. In Vancouver

Reply to Sen. Walter Sobchak (Reply #3)

Mon Jun 27, 2016, 01:52 AM

Jun 2016

it is partly due to foreign buyers of houses as an investment. Our banking laws were way stricken here and we didn't have a home grown subprimemortgage burst. We only went into recession the tiny bit that we did because the world markets went down. Vancouver and Toronto are both considered really nice places to live and it is very doubtful that those two markets would completely collapse. A correction sure. But not a bust.

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Canada did not have a financial bubble in 2008, so we did not become [View all] applegrove Jun 2016 OP

Canada/Australia/US are countries with migrant history kcjohn1 Jun 2016 #1

Well if there was not massive speculation in Europe that caused a decade applegrove Jun 2016 #2

Canada's financial bubble is still ongoing Sen. Walter Sobchak Jun 2016 #3

Two markets are hot right now. People are being warned. In Vancouver applegrove Jun 2016 #4

The whole country is affected, Toronto and Vancouver are merely the worst Sen. Walter Sobchak Jun 2016 #5

Oh good gosh no. The country would not be better off if the middle class applegrove Jun 2016 #7

There is no soft landing or happy ending to be had here Sen. Walter Sobchak Jun 2016 #8

Immigration is much higher in Canada (and the US and Ireland) than in the UK but xenophobia pampango Jun 2016 #6