Cultural Imperial posted:

What makes you think foreigners are selling their RE holdings?

I don't think the fall in the CAD vs the USD hasn't got anything to do with anything other than forex shitheads speculating that the great recession is over.

Ardennes posted:

If the weather was so important, you probably would look for property outside of Canada rather than buy Vancouver real estate at ultra-inflated prices.

Cultural Imperial posted:

zerohedge thinks Canada just popped its housing bubble

http://www.zerohedge.com/news/2014-02-12/did-canada-just-pop-its-housing-bubble

I loving hate zerohedge but it's interesting they care.

quote:

Did Canada Just Pop Its Housing Bubble?
Submitted by Tyler Durden

tagesschau posted:

Tons and tons of people actually think this—that if you spend $10,000 on a renovation, the value of your house necessarily goes up by at least $10,000. They don't seem to comprehend that in a market that values these things correctly, you will see some, but not all of what you pay put back into the value of your house. The only time spending $10,000 renovating your bathroom and kitchen is going to make you $15,000, guaranteed, is when you're in the runup phase of an inflating bubble. If the average person can borrow too much, you'll always find someone who'll pay too much for your house.

Cultural Imperial posted:

I read this and thought "who the gently caress is chris alexander?"

http://www.cbc.ca/news/business/chris-alexander-says-canada-s-doors-still-open-to-rich-chinese-1.2537826

motherfucker looks like a child molester.

Wikipedia posted:

In 1991, Alexander joined the Canadian Foreign Service. He was posted to the Canadian embassy in Russia in 1993 as Third Secretary and Vice-Consul. In 1996, he returned to Ottawa to become an assistant to the Deputy Minister of Foreign Affairs. In 1997, he became Deputy Director (Russia) of the Eastern Europe Division responsible for political and trade relations. In 2002 he returned to the Canadian embassy in Moscow as Minister Counsellor (Political). In August 2003 he became the first resident Canadian ambassador in Kabul, Afghanistan, relieving resident chargé d'affaires a.i. Keith Fountain. From 2005 until mid-2009, he served as one of two deputy special representatives of the United Nations Assistance Mission in Afghanistan (UNAMA).

PT6A posted:

No, it was Balderson 2-year-old Cheddar at around $10/280g.

Professor Shark posted:

My girlfriend's father is working out West and has mentioned that he has a few friends that are buying houses to live in while they're living out there with the intention of selling them "when they're done", aka when the oil runs out, because from my experience Maritimers that go West to work for a few years rarely return when they plan to, often because they didn't save anywhere near the amount of money they planned on.

Kalenn Istarion posted:

tightened mortgage rules generally

Cultural Imperial posted:

Anecdotally, a contractor is absolutely losing his poo poo about kitimat. He's planning on spending 4 months up there to build a house to sell. Spent 100k on a piece of land. loving lol

quote:

$2200 / 2br - 1000ft² - 2 bed fully furnished/stocked includes internet, cable & all utilities (Terrace)
http://skeena.en.craigslist.ca/apa/4401576313.html

JawKnee posted:

I was wondering this - I think it's another geographical stat rather than an employment stat (like, 48% of the jobs in toronto are in an area of office buildings?) but I'm not sure.

computer parts posted:

Aren't the return on bonds still below the rate of inflation?

PT6A posted:

That's because it's not income in any real sense, just like lottery winnings aren't. You can certainly argue for an inheritance tax being implemented to avoid the sorts of problems intergenerational wealth transfer creates, but doing so on the basis that it should be treated as income is a non-sequitur.

quote:

For the trade deficit to turn into a surplus, imports must fall and exports must rise. One way this adjustment can take place is if the dollar depreciate

Rime posted:

ITT: Why Canada is a declining banana republic in nearly every respect.

Cultural Imperial posted:

https://www.macleans.ca/economy/economicanalysis/what-the-commodity-bust-means-for-canadas-economy/

quote:

multi-billion-dollar oil sands project, proposed by Norway’s Statoil

etalian posted:

triplexpac posted:

Alright I have a dumb question:

Let's say you have a fixed-rate mortgage that gets renegotiated every 5 years.

So for years 1-5 you're paying things down at 3%

Then after that rates go up to 5%. But the payments you've made so far have brought down your princple, so in theory wouldn't the monthly payments work out to be pretty close?

Cultural Imperial posted:

https://twitter.com/rcarrick/status/561184175114711040

etalian posted:

Things like QE also basically are fairly ineffective IMO since they basically make corporations, drove stocks higher and in general just make rich assholes even richer, while not improving the lot of everyone else.

Also QE leads to great money making schemes, in the US QE the banks took zero interest loans from the government and then used the loans to just buy more treasury notes.

Basically taking a free taxpayer bailout and using it to collect safe debt payments from the US government.

eXXon posted:

Yes the commodity slump will rebalance the economy by shrinking the commodity sector, very astute observation from the 3 people it took to write that Globe article.

If years of 1.5% interest rates and record low corporate taxes didn't convince Canadian companies to invest their cash then maybe a recession will! Oh and somehow Ontario's manufacturing sector will come back solely because of a dropping dollar. I mean I hope so but I would not bet any money on that outcome.

Rime posted:

So basically our banks are sitting on vast amounts of thin air, moreso than the US at the height of their bubble, and without the largest economy on earth to bail them out?

sbaldrick posted:

Honestly, if he's put away enough cash at his job (unlikely) he could make a good living doing this. The thing about flipping houses or buying rentals is you should be able to do it with cash rather then credit, stupid people have forgotten this.

PK loving SUBBAN posted:

It's the solution so long as the government borrows heavily to fund it, and then pursues a pro-inflation strategy to devalue the debt in the medium term. I'm a bit removed from academe, but that's the way i remember it.

quote:

Abenomics is based upon "three arrows" of fiscal stimulus, monetary easing and structural reforms.[1] The Economist characterized the program as a "mix of reflation, government spending and a growth strategy designed to jolt the economy out of suspended animation that has gripped it for more than two decades."

http://en.wikipedia.org/wiki/Abenomics

Freezer posted:

I noticed that Canada's inflation rate is somewhere around 1% you right now. With all the cheap consumer credit I kind of expected it to shoot a little bit higher. What's keeping Canadian inflation this low?

HookShot posted:

He's right though. Traditional advertising agencies suck donkey balls at making good advertisements that make people want to buy their product. Sure, everyone likes the ad, maybe it wins some awards, but it always never ends up resulting in actual sales. He's incorrect in that it's not because we're tuned out to ads that we don't pay attention to them though. We don't pay attention to ads because in general they are awful.

I work in performance marketing, the more my ads SELL the more money I make. I know a loving hell of a lot about making ads that sell, and 99% of the big ad company ads that you see on TV do not sell product. Sure, they get the brand name out there, but that's about it. It's completely pointless. There are exceptions, of course, but for the most part, terrible.

The main ad I can think of right now that would probably be doing not too lovely is the VW ads "starting at $19,990 (or whatever)... but people will think you paid more"

Most others? Total poo poo. That McDonalds ad about the guy sniffing the food and not recognizing the onion whatever? Sure, some people who were going to McDonalds anyway might order it because of the ad, but I can almost guarantee you that ad isn't convincing anyone to go out of their way to visit McDonalds anytime soon.

Cultural Imperial posted:

http://www.bcbusiness.ca/real-estate/5-alternative-ways-to-pay-for-your-house



hooooo boyyyyyyyy

computer parts posted:

Only if there's been literally no efficiency gains in the past century.

(There have been, orders of magnitude worth)

Cultural Imperial posted:

Canada's largest component of GDP is manufacturing. It's a misconception that Canada is a petro state.

Cultural Imperial posted:

Jesus Christ you loving idiots


http://www.statcan.gc.ca/tables-tableaux/sum-som/l01/cst01/gdps04a-eng.htm

Statscan posted:

Manufacturing 171,563
Real estate and rental and leasing 212,465