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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 752 Eddie Larry 21-Jan-19 16:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 149 drrayeye 21-Jan-19 20:19
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 124 Eddie Larry 21-Jan-19 20:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 121 drrayeye 22-Jan-19 03:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 119 Archaic 22-Jan-19 16:53
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 115 drrayeye 22-Jan-19 18:26
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 168 Eddie Larry 22-Jan-19 19:00
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 119 drrayeye 23-Jan-19 16:22
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 115 Eddie Larry 23-Jan-19 16:38
Canadian railways ration space as commodity congestion problems worsen 126 Eddie Larry 22-Jan-19 05:35
Fiscally, Canadians are idiots 150 Jock 22-Jan-19 09:02
Re: Fiscally, Canadians are idiots 130 Jock 22-Jan-19 09:06
Re: Fiscally, Canadians are idiots 123 Eddie Larry 22-Jan-19 16:19
within $200... 134 Racho 22-Jan-19 16:22
Re: within $200... 159 Eddie Larry 22-Jan-19 16:31
Higher taxes aren't good for anyone 108 Racho 24-Jan-19 17:14
Re: Higher taxes aren't good for anyone 103 WhoWeird 24-Jan-19 17:34
Re: Higher taxes aren't good for anyone 111 Racho 24-Jan-19 17:43
Re: Higher taxes aren't good for anyone 126 WhoWeird 24-Jan-19 17:54
Re: Higher taxes aren't good for anyone 104 Racho 24-Jan-19 19:20
Re: Higher taxes aren't good for anyone 102 WhoWeird 24-Jan-19 19:29
Re: Higher taxes aren't good for anyone 118 Racho 24-Jan-19 19:31
Re: Higher taxes aren't good for anyone 107 WhoWeird 24-Jan-19 19:33
Re: Higher taxes aren't good for anyone 110 Eddie Larry 24-Jan-19 20:39
Re: Higher taxes aren't good for anyone 114 Racho 25-Jan-19 06:15
Re: Higher taxes aren't good for anyone 106 Eddie Larry 25-Jan-19 15:33
Re: Fiscally, Canadians are idiots 118 Poster Boy 25-Jan-19 05:16
Re: Fiscally, Canadians are idiots 106 Jock 25-Jan-19 05:30
Re: Fiscally, Canadians are idiots 115 Poster Boy 25-Jan-19 05:40
Re: Fiscally, Canadians are idiots 124 Jock 25-Jan-19 07:24
Jock : idiot 118 Poster Boy 25-Jan-19 15:08
Re: Jock : idiot 126 Jock 25-Jan-19 18:05
Re: Jock : idiot 139 Poster Boy 25-Jan-19 19:14
Re: Jock : idiot 118 Jock 25-Jan-19 22:10
Re: Poster Boy : idiot 102 Jock 28-Jan-19 21:10
Re: Poster Boy : idiot 182 Poster Boy 29-Jan-19 02:05
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 130 Archaic 22-Jan-19 16:55
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 136 Eddie Larry 22-Jan-19 18:14
Trudeau on track to become highest spending PM outside of war or recession 115 Eddie Larry 23-Jan-19 18:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 145 Notinham 23-Jan-19 21:52
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 179 Eddie Larry 23-Jan-19 22:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 121 Jock 24-Jan-19 12:40
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 116 Eddie Larry 24-Jan-19 14:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 130 Notinham 24-Jan-19 15:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 122 Eddie Larry 24-Jan-19 15:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 143 Notinham 24-Jan-19 16:28
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 109 Eddie Larry 24-Jan-19 20:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 129 Notinham 25-Jan-19 01:11
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 122 Warwick 25-Jan-19 01:32
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 130 Notinham 25-Jan-19 03:41
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 116 Poster Boy 25-Jan-19 15:21
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 112 Poster Boy 25-Jan-19 16:14
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 108 Eddie Larry 25-Jan-19 17:54
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 116 Poster Boy 25-Jan-19 18:02
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 102 Jock 04-Feb-19 06:03
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 105 Eddie Larry 04-Feb-19 12:36
Re: Nearly half of Canadians come within $200 of bankruptcy: survey 122 Jock 05-Feb-19 07:28
economic reality 98 Warwick 05-Feb-19 19:48
Re: economic reality 95 Eddie Larry 05-Feb-19 23:48
Re: economic reality 88 Jock 06-Feb-19 03:10
Re: economic reality 94 Eddie Larry 06-Feb-19 04:08
Re: economic reality 90 Jock 06-Feb-19 03:14
And here is where the rubber meets the slippery, slippery road 105 Jock 06-Feb-19 22:02
Re: And here is where the rubber meets the slippery, slippery road 159 Jock 08-Feb-19 07:52


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