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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 721 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 133 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 115 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 105 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 101 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 101 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 145 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 105 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 100 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 107 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 133 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 113 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 114 Eddie Larry 22-Jan-19 16:19
within $200... 116 Racho 22-Jan-19 16:22
Re: within $200... 141 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 92 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 88 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 91 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 109 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 87 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 86 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 105 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 90 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 91 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 96 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 88 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 107 Poster Boy 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 89 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 97 Poster Boy 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 103 Jock 25-Jan-19 07:24
Jock : idiot 97 Poster Boy 25-Jan-19 15:08
Re: Jock : idiot 108 Jock 25-Jan-19 18:05
Re: Jock : idiot 122 Poster Boy 25-Jan-19 19:14
Re: Jock : idiot 103 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 94 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 161 Poster Boy 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 112 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 121 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 99 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 134 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 159 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 102 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 101 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 112 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 106 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 122 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 96 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 111 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 106 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 109 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 105 Poster Boy 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 93 Poster Boy 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 93 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 100 Poster Boy 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 86 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 97 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 108 Jock 05-Feb-19 07:28
economic reality 80 Warwick 05-Feb-19 19:48
Re: economic reality 85 Eddie Larry 05-Feb-19 23:48
Re: economic reality 79 Jock 06-Feb-19 03:10
Re: economic reality 85 Eddie Larry 06-Feb-19 04:08
Re: economic reality 78 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 88 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 139 Jock 08-Feb-19 07:52


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