Recent content by shal1n

Very wishful thinking and the same old population and strong economy arguments made over and over again. What particular job boom are you speaking of in the Toronto area? The only boom has been in housing and housing related industries. This ship is all driven by speculation. Canada doesn't...

https://www.thestar.com/business/2017/05/26/gta-home-sales-plunge-as-much-as-61-per-cent.html Its only just beginning... every weekend I see dozens of open house signs at every intersection. I am seeing the same houses with for sale signs for the past 2 months. In the past you couldn't see a...

The Fiberals and Kathleen Wynne are on their way out. Peak inept

You don't get it. Ask this one very simple question: WHY are Canadians in a position where their economic livelihood is dependent on propping up a mal-investment driven housing boom? Do Canadians not have anything else going for them other than a perpetually rising housing price environment...

Why is it stupid? Our economy is fake. We don't make anything, our productivity is subpar and much much lower than that in the US and the only thing that bailed out Canada from the inevitable was Chinese credit creation (money printing) since 2009, which if you look at it carefully has...

This CTV news video seems to indicate Vancouver prices are plummeting

Calgary's RE bubble did not burst. We still have distorted mortgage rates. So while there were some tough times in the oil patch you still had cheap credit available to anyone and I imagine the Chinese have not been absent in the Alberta housing market. I worked in Calgary for a few years...

No beneficial policies are going to come down the pipe with these establishment politicians. You can hope all you want about foreign tax and infrastructure spending but it ain't going to happen with the perpetual deficit spending Fiberals (who need and want outside money) or the crony...

Where's the "Unlike" button? I take it ur a leftist spend & tax, handouts for all, and money grows on trees type of guy huh?

Get on the Kevin O'leary train if you want this country to move in a different direction. https://olearyforcanada.ca/ I'm signed up and will donote my time to get Kevin in office. I can't stand the usual folks inthe conservative party but these tax and spend fiberals need to go. I see Kevin...

"The bad news with 30% tax is that in the future, they'll try to sell at a price that includes the taxes, expenses, renovations, and other costs. And a profit, of course." That all assumes that Chinese wealth is unlevered wealth. If that isn't the case and a good chunk of Chinese wealth is...

Wynne wont act because she doesn't represent the interest of the people of Toronto or Ontario for that matter. She represents the interests of big lobby interests, of which the Real Estate Board is one. They came begging and crying to her for no tax. Why wouldn't they. They have become very...

As the age old age adage says, all assets can stay over valued longer than anyone can stay solvent. In the case of housing markets its even worse because government policies can distort valuations for years. The government considers housing a major engine of the economy and you have the...

well - all my friends who own houses in Toronto have been reassessed at substantially higher valuations this past year. I'm not sure how frequently they do these re-assessments but in any case my friends were shocked at the sticker price on the higher property tax. I'm confused then. Then what...