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I think you've crossed some wires here.

For starters, the issue you raise is not really a Canadian thing, it's a speculator thing. Since when did over leveraging second mortgages become unique to Canucks?

While it's true that we move with US interest rates, a major driver in the current price escalation here is more external, based on the fact that foreigners actually want to live in our cities. You probably won't understand that, what with no US city ever cracking the global you twenty. Vancouver is always near the top of those lists, and the global demand for Vancouver real estate is directly affected. The main thing to remember is that this is uncharted territory - such immense non-local demand for housing- new supply and demand metrics call for legislated adjustments. As a half-full glass guy, I have faith that legislated remedies will arise. But market forces will also solve the problem. To the extent that there is a claw-back in prices, housing for locals will become that much more affordable.

Finally, on the point of which nation is the most fiscally idiotic, the feeling up here is that we transitioned the US mortgage-induced Great Recession if 2008, thanks largely due to our national banking policies which are relatively stringent. People up here in banking were quite proud of that, as I recall. If so, it's likely because we take the conversation on finance to higher ground. Whereas you guys say, regulation or no regulation; we say what's the best regulation? A further macro strategy in place, I believe, involves the continuing lessening of Canadian reliance on the USA with respect to trade.



Edited 2 time(s). Last edit at 25-Jan-19 05:36 by Poster Boy.

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Subject Views Written By Posted
Nearly half of Canadians come within $200 of bankruptcy: survey 701 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 103 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 104 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 92 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 90 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 86 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 127 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 79 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 86 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 93 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 110 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 100 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 93 Eddie Larry 22-Jan-19 16:19
within $200... 99 Racho 22-Jan-19 16:22
Re: within $200... 121 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 80 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 77 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 79 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 78 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 74 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 74 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 77 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 76 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 76 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 82 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 74 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 87 Poster Boy 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 77 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 84 Poster Boy 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 83 Jock 25-Jan-19 07:24
Jock : idiot 84 Poster Boy 25-Jan-19 15:08
Re: Jock : idiot 78 Jock 25-Jan-19 18:05
Re: Jock : idiot 89 Poster Boy 25-Jan-19 19:14
Re: Jock : idiot 89 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 81 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 146 Poster Boy 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 101 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 95 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 87 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 109 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 143 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 89 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 90 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 100 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 86 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 98 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 84 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 99 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 92 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 97 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 76 Poster Boy 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 79 Poster Boy 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 80 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 88 Poster Boy 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 73 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 73 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 74 Jock 05-Feb-19 07:28
economic reality 68 Warwick 05-Feb-19 19:48
Re: economic reality 73 Eddie Larry 05-Feb-19 23:48
Re: economic reality 65 Jock 06-Feb-19 03:10
Re: economic reality 69 Eddie Larry 06-Feb-19 04:08
Re: economic reality 65 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 74 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 119 Jock 08-Feb-19 07:52


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