Canadian real estate comppletely destroyed

Dropping 5% a month with no signs of relief in Ontario
0.75-1.0% rate hike incoming
Anybody else salivating at the chance to buy some cheap rural property when boomers capitulate

  1. 2 weeks ago
    Anonymous

    case in point, my uncle fomoed into a house in Ottawa for 800k because " you just to do a little reno and flip it for a quick 100k", this guy is senior civil servant lol
    I want to buy when he capitulates

    • 2 weeks ago
      Anonymous

      >A quick 100k
      >Closing costs
      >Agent costs
      >Taxes
      Bro just risk 800k to make $30k profit maybe lol it's easy

    • 2 weeks ago
      Anonymous

      already found some nice places for 3-400k in gatineau, want to get them for sub 200k when mortgage market collapses

      Based, Ottawa Anon here too.
      I hear Buckingham is the new Aylmer. I went to explore and it's actually a nice little town with houses in the 300's.

      • 2 weeks ago
        Anonymous

        Ottawa anon checking in. Nature is cool but fuck I hate it here.

    • 2 weeks ago
      Anonymous

      exactly

      >"housing ONLY goes up anon, you gotta get a property NOW it's only gettin worse!"

      capitulate boomers

  2. 2 weeks ago
    Anonymous

    Good. All real estate needs to crash by 90% and stay there.

    • 2 weeks ago
      Anonymous

      already found some nice places for 3-400k in gatineau, want to get them for sub 200k when mortgage market collapses

      • 2 weeks ago
        Anonymous

        That's still too much. I want to see it crash further than that. Most houses should not even cost 100K.

    • 2 weeks ago
      Anonymous

      >senior civil servant in Canada
      Fat salary, 35 hrs/wk, defined pension. He'll be just fine. He bought that property with throw-away money.

  3. 2 weeks ago
    Anonymous

    The bank of Canada is aware that their hands are tied with inflation. Previously they'd never allow housing to crash but with the inflationary crisis they are forced to take drastic measures. I can see the market getting much, much worse.

  4. 2 weeks ago
    Anonymous

    [log in to view media]

    Be Canada
    >pretended to have robust banking sector after 08, actually just restarted housing bubble on Chinese FDI
    > Flipping houses at like %10-%15 of GD"P" (whats the product in that?)
    >have all baby boomers retiring at same time
    >no kids to sell too, immigrants too poor not to afford without printer go burr
    >ends Chinese FDI to housing market for vanity
    >provokes chinese with election fraud accusations, for vanity
    >Destroyies confidance in Dollar by extra-judicially freezing and seizing capital retro-actively over a peaceful protest
    >Still printing ad nausem

    No, were not buying into their retardation, we spent the last 20 years on the worlds information trove with high neural plasticity while they continued on the TV watching sitcoms. We build something new when their arrogance, hubris and ego are no longer footed by international finance

    • 2 weeks ago
      Anonymous

      The gov is now shilling our "growing" tech sector, which in my mind is basically venture capitalist backed startups that make 0 fucking money.

      [log in to view media]

      i refuse to buy any condo/house in a big canadian "city" (collection of strip malls, mcmansions, and 20 storey "skyscrapers") for over 150k. i refuse to live in any small canadian town, and the best ones are too expensive anyways. i cannot believe there are human beings that think that property in globohomo city (toronto) is worth over a million dollars. i refuse to live in a country where people believe this and accept this. i refuse to call this "country" a democracy when i did not consent to the most extreme money printing in the western world, nor did i consent to mass demographic replacement nor the legality of 20/25/30 year mortgages. fuck you n-words, i'm out of here

      Toronto is a wasteland but it's paradise compared to American cities and has high wages. Just get a remote job in Toronto and work out of Newfoundland my dude.

      • 2 weeks ago
        Anonymous

        [log in to view media]

        >The gov is now shilling our "growing" tech sector, which in my mind is basically venture capitalist backed startups that make 0 fucking money.
        yeah tech zombie firms that do webdev and smartphones, irl adult day cares that shill blackrock propaganda in exchange for printed over loans. Sounds comfy for a neet, but will not stave the venezuealinization of this country.

      • 2 weeks ago
        Anonymous

        many in newfoundland fly to Alberta to work and fly home every 3 weeks , they make bank and buy houses for 55k

      • 2 weeks ago
        Anonymous

        >The gov is now shilling our "growing" tech sector, which in my mind is basically venture capitalist backed startups that make 0 fucking money.
        Most of our tech companies are basically doing contract work or side-projects for American tech companies, thanks to the cheaper dollar. They're bringing in revenue, but not always generating net profit for their clients globally. It'll be a different story once CAD rises up again during the next commodity boom.

        • 2 weeks ago
          Anonymous

          tech in Queerbec is a government welfar program, they dump our own taxes into keeping constantly failing "game" developers solvent in order to keep zoomer "coders" and "artists" happy and voting

      • 2 weeks ago
        Anonymous

        toronto is majority asian (asians and poo skins). id be damned to buy a house within 50km of the city core

        • 2 weeks ago
          Anonymous

          [log in to view media]

          Do you have a problem with poo skins?

          • 2 weeks ago
            Anonymous

            Poos are honorary Aryans. They usually work hard, and have very similar features to whites. India needed to stay as multiple kingdoms like Europe though to keep up the warring, technological progress and population control that comes with warring. Too bad they overbred and can't stop.

            • 2 weeks ago
              Anonymous

              pajeets are australoid aboriginal halfbreeds. they even have East Asian DNA. All the aryan nation retards in India forget that they are brown because of the australoid component that existed in India before the aryan invasion.

            • 2 weeks ago
              Anonymous

              [log in to view media]

              Indians are some of the most inbred people on earth, next to Muslims.

    • 2 weeks ago
      Anonymous

      confidance in Dollar by extra-judicially freezing and seizing capital retro-actively over a peaceful protest
      nobody gives a fuck about the gubmint slapping around those retarded fake truckers, least of all bay street, deal with it
      it was funny as shit watching them wail and cry when cops from across the country finally dropped the hammer, only wish we could have seen the boot getting put to them

      • 2 weeks ago
        Anonymous

        fuck off back to the couch boomer

        • 2 weeks ago
          Anonymous

          cry more you pathetic moron
          watching those retards trying to build snow barriers to block the cops was the funniest shit canadians have done since sctv ended
          the only reason the ottawa cops tolerated you was because they wanted to get rid of that police chief, in toronto you got rejected worse than a leafs attempt at a playoff berth

          • 2 weeks ago
            Anonymous

            >remembers when sctv was aired on tv
            >petty local politics
            >obligatory leafs reference

            fuck off and die already

          • 2 weeks ago
            Anonymous

            >cry more you pathetic moron
            woman moment

      • 2 weeks ago
        Anonymous

        Get a load of this pathetic commie boot licker.

      • 2 weeks ago
        Anonymous

        [log in to view media]

        >nobody gives a fuck about the gubmint slapping
        anyone whose read financial history gives a big phat wholloping fuck

    • 2 weeks ago
      Anonymous

      in this moment are you extatic?
      jesus christ the gayddit homosexualry radiating from this one

  5. 2 weeks ago
    Anonymous

    [log in to view media]

    i refuse to buy any condo/house in a big canadian "city" (collection of strip malls, mcmansions, and 20 storey "skyscrapers") for over 150k. i refuse to live in any small canadian town, and the best ones are too expensive anyways. i cannot believe there are human beings that think that property in globohomo city (toronto) is worth over a million dollars. i refuse to live in a country where people believe this and accept this. i refuse to call this "country" a democracy when i did not consent to the most extreme money printing in the western world, nor did i consent to mass demographic replacement nor the legality of 20/25/30 year mortgages. fuck you n-words, i'm out of here

    • 2 weeks ago
      Anonymous

      Mississauga is the 2nd most expensive city in north America behind NYC. To live in Mississauga... Fuck Canada.

      • 2 weeks ago
        Anonymous

        It's really sad what happened to the country. Canada used to be a LOT better.

        • 2 weeks ago
          Anonymous

          [log in to view media]

          I'm just gunna blame the governments policy on population growth and reliance on chinese money to pump GDP instead of productive investments and there is nothing you do about it

          • 2 weeks ago
            Anonymous

            it would be amazing if there was a big cold war with china and Canada lost all access to chinese money!

            • 2 weeks ago
              Anonymous

              >Canada lost all access to chinese money!
              I unironically want this to happen.

              • 2 weeks ago
                Anonymous

                I'd prefer the Chinese to Jeets/Negroids/Arabs.

              • 2 weeks ago
                Anonymous

                yeah I lived in vancouver. At least chinks have attractive women. Now i am working w/ all pavjeets and it hurts my eyes to look at lots of these ppl. So ugly.

          • 2 weeks ago
            Anonymous

            >I'm just gunna blame the governments policy on population growth and reliance on chinese money to pump GDP instead of productive investments

            Woah, Canada is just Australia with snow

            • 2 weeks ago
              Anonymous

              and more stinky poos

            • 2 weeks ago
              Anonymous

              it really is though

        • 2 weeks ago
          Anonymous

          Vancouver in the 90's was so kino, now it's a chink colony and ultra-globalhomo soulless shithole.

          • 2 weeks ago
            Anonymous

            Pretty well all of Canada was better in the 90s. Even 2010 Canada was better than now.

          • 2 weeks ago
            Anonymous

            Same here

            >.T Montreal frog

          • 2 weeks ago
            Anonymous

            i think about that often, that had to be one of the best places in the world to be if not THE best, I would choose victoria island.

        • 2 weeks ago
          Anonymous

          [log in to view media]

          canada had the potential to be such a great nation and these 'leaders' and other homo elite stringed puppets fucked it all up diluting some of the best places with third world subhumans, maybe even permanently.

        • 2 weeks ago
          Anonymous

          Thats what you get for electing a literal globohomo commie homosexual

      • 2 weeks ago
        Anonymous

        fucking LMAO. not only is it a suburb, but it's the 2nd worst suburb behind brampton

        The gov is now shilling our "growing" tech sector, which in my mind is basically venture capitalist backed startups that make 0 fucking money.
        [...]
        Toronto is a wasteland but it's paradise compared to American cities and has high wages. Just get a remote job in Toronto and work out of Newfoundland my dude.

        >Toronto is a wasteland but it's paradise compared to American cities
        lmao
        >and has high wages.
        by canadian standards? yes. by american standards? no, plus it's more expensive to live in than, say, chicago or austin.
        >Just get a remote job in Toronto and work out of Newfoundland
        not every industry is remote working, and even many that are, are now forcing their wagecucks back to toronto full time. it's why NB's real estate is shitting the bed faster than ontario. fags moved to moncton and fredericton thinking they were going to WFH only to get dabbed on by their boomer employees.

        • 2 weeks ago
          Anonymous

          *boomer employers

      • 2 weeks ago
        Anonymous

        I think that's oakville

      • 2 weeks ago
        Anonymous

        I dont understand why anyone would live in Mississisauga.
        >horrible dogshit roads
        >hideous women
        >random mix of mystery meat people with no common cultural or ethnic ties
        >skyhigh real estate
        >crap wages by NA big city standards
        Just awful all around. t. 15 years in that dump.

  6. 2 weeks ago
    Anonymous

    It's not even close to back to a reasonable price until there is a 70%+ drop.

    • 2 weeks ago
      Anonymous

      already down 15-25% in 4 months in suburbia, places like bancroft and eastern ontario cottage country will probably fully retrace to 2019 prices once reality sets in THAT THERE ARE NO BUYERS

      • 2 weeks ago
        Anonymous

        >fully retrace to 2019 prices
        call me when it fully retraces to 2009
        shit was already fucking retarded back then

      • 2 weeks ago
        Anonymous

        You think there are no buyers if it reaches even close to 50%?
        You underestimate the amount of money the rich have.
        I have an uncle who bought 6 single family homes with 0 debt with cash in the covid panic and he has enough “dry powder” to buy 20 more if there is another discount season.
        Poors buy discounted clothing and electronics the rich buy houses and assets in general. It’s how they stay rich,

        • 2 weeks ago
          Anonymous

          How many Canadians do you think exist with as much liquid wealth as your Uncle?

          • 2 weeks ago
            Anonymous

            All the rich ones from India, China, Middle East, etc. The rest can be bought by Blackrock. In fact all these underwater homes likely will not even be listed and will instead just be sold behind closed doors to the aforementioned groups. The whole point of this is ultimately not even to make money, it's just to ensure the average person never owns anything ever again.

            • 2 weeks ago
              Anonymous

              >When your only hope for volume is that the turf world is conspiring against you.

              I said liquid wealth, those places are infamously illiquid wealth holders.

            • 2 weeks ago
              Anonymous

              >India, China, Middle East
              Indians are usually poor and buy very low income housing. The Chinese are coming here at lower rates and middle easterners were never that huge of a block. Banks don't want to hold Canadian housing because its extremely volatile and if its held in the hands of corporations, would collapse the Canadian economy and become worthless. Not to mention, Canada is a landlords nightmare.

            • 2 weeks ago
              Anonymous

              > Back wock will buy them all
              Another Canadians cope

          • 2 weeks ago
            Anonymous

            What this guy says is true

            All the rich ones from India, China, Middle East, etc. The rest can be bought by Blackrock. In fact all these underwater homes likely will not even be listed and will instead just be sold behind closed doors to the aforementioned groups. The whole point of this is ultimately not even to make money, it's just to ensure the average person never owns anything ever again.

            my Uncle is Chinese, do you expect him to baghold the worthless USD he gets dumped on from exporting consoomer shit to the U.S in cash forever? Ofcourse not. They buy assets in resource rich countries. And there are a fuckton of them.

        • 2 weeks ago
          Anonymous

          The rich don't keep dollars hanging around, they stick them into investment accounts, which started falling dramatically before housing did. And nobody wants to catch a falling knife. If it feels like a 40-50% drop is in the cards, people will wait. Don't make market assumptions based on people with unlimited buying power making perfect decisions or you will be wrekt every time.

  7. 2 weeks ago
    Anonymous

    How can I profit from the incoming canadian RE crash?

    • 2 weeks ago
      Anonymous

      Buy houses with extreme leverage and wait for BoC to tank rates and cause another boom in 3 years.

    • 2 weeks ago
      Anonymous

      short hcg, first national, eqbank and MICs

    • 2 weeks ago
      Puts on Canada anon

      If you're American without an interactive brokers brokerage, the easiest way would be to buy puts on Canada, EWC

  8. 2 weeks ago
    Puts on Canada anon

    Good, I have puts on Canada

  9. 2 weeks ago
    Anonymous

    Housing market won't crash anon. It just won't.

    • 2 weeks ago
      Anonymous

      crash started in February

    • 2 weeks ago
      Anonymous

      I've lived in a few countries and Canadians are the most financially stupid I've seen.

      • 2 weeks ago
        Anonymous

        Yes they are which makes recessionary periods even better for making money than the USA.

        I'd prefer the Chinese to Jeets/Negroids/Arabs.

        I'm not talking about people, I'm talking about the money funneled by the CCP. They literally buy out politicians to push the most left wing bs possible and derail any industry that can possibly thrive here. You're complaining about the symptoms not the disease.

        • 2 weeks ago
          Anonymous

          how many cottages are there outside urban areas, owned by boomers who won't be able to shovel snow for much longer? or afford the gas to exist there?

          • 2 weeks ago
            Anonymous

            Lots but you'll have some degree of competitiveness in Muskoka. It's one of those luxury real estate zones that don't tend downwards too much during bad times. That said, other places will get extremely fucked.

            • 2 weeks ago
              Anonymous

              in quebec, I imagine there are many shoes to drop here

              • 2 weeks ago
                Anonymous

                Probably but Quebec is also not too profitable if your goal is to buy low sell high. That said Quebec is maximum comfy and good for families.

              • 2 weeks ago
                Anonymous

                my goal is to buy a home and then drop out the system and everyone can fuck off

              • 2 weeks ago
                Anonymous

                Parles-tu Francais?

              • 2 weeks ago
                Anonymous

                Meh he should be okay unless he goes deep into pas d'anglais territory.

              • 2 weeks ago
                Anonymous

                wrong Quebec is on a trajectory to scare away all anglos in 10-20 years, even at the expense of the economy
                so long as they pop out kids, the federal will bail them out for votes

              • 2 weeks ago
                Anonymous

                >so long as they pop out kids
                I need to get a "Gen's du pays" singing quebecker GF immediately then. Any tips?

              • 2 weeks ago
                Anonymous

                malheureusement pas encore. je vais!

              • 2 weeks ago
                Anonymous

                Oui, je parle francais. Putain.

              • 2 weeks ago
                Anonymous

                Look into Alberta as well as some of the eastern provinces. Assuming you make a good remote wage, you can live like a king and in high trust communities that no one migrates to.

              • 2 weeks ago
                Anonymous

                I have kids, one who needs a specific school, so staying urban for now. good wage, in tech, just need housing to crash, fuck canuck landlords

              • 2 weeks ago
                Anonymous

                >good wage, in tech, just need housing to crash, fuck canuck landlords
                I feel your pain there brother, hope it works out.

                >The gov is now shilling our "growing" tech sector, which in my mind is basically venture capitalist backed startups that make 0 fucking money.
                Most of our tech companies are basically doing contract work or side-projects for American tech companies, thanks to the cheaper dollar. They're bringing in revenue, but not always generating net profit for their clients globally. It'll be a different story once CAD rises up again during the next commodity boom.

                Yeah I can see a lot going under or being absorbed by the banks when they eventually look to "diversify".

              • 2 weeks ago
                Anonymous

                How do I get into the remote game? Or do I need a CS degree for any of the comfy ones?

              • 2 weeks ago
                Anonymous

                same

    • 2 weeks ago
      Anonymous

      Severe market corrections are happening but for a crash to happen too much leverage isn't enough.

      • 2 weeks ago
        Anonymous

        >Severe market corrections are happening but for a crash to happen too much leverage isn't enough.
        i'd read somewhere that we wouldn't have a crash as bad as 2008 simply because jingle mail doesn't work here, you can't just walk away from an underwater mortgage
        whether or not that's true, simple fact is that most MPs are landlords or get donations from landlords, so they'll lean on the BoC to lay off
        Canada's not as fucked as the US anyway since we're big energy and food exporters, so there's money coming in, though it's going to turn the albertans into even bigger douchebags

        • 2 weeks ago
          Anonymous

          Walk away or not, if people can't pay, wtf are they gonna do?

          Inflation and rising mortgages are a double dragon dildo combo about to fuck the investooors.

        • 2 weeks ago
          Puts on Canada anon

          Walk away or not, if people can't pay, wtf are they gonna do?

          Inflation and rising mortgages are a double dragon dildo combo about to fuck the investooors.

          Yeah sure the government can keep rates low and turn your currency into trash compared to USD to prevent a "housing crash". Doesn't matter, my puts on Canada are denominated in USD

        • 2 weeks ago
          Anonymous

          >though it's going to turn the albertans into even bigger douchebags

          I’m so fucking sorry we are the only ones ever supporting this shit countries economy. Fuck you.

          • 2 weeks ago
            Anonymous

            "please lord let me have just one more energy boom I promise not to waste it this time"
            If you weren't all complete fucking morons, down to the last rig pig, then Alberta would be like Norway or Dubai. Instead you blow all of it on cocaine and lifted trucks and whine about Quebec.

        • 2 weeks ago
          Anonymous

          Canadians don't understand anything about the mechanics of financial downturns. They just regurgitate the same three points they heard.

  10. 2 weeks ago
    Anonymous

    I'm going to get myself an entire quarter section!

  11. 2 weeks ago
    Anonymous

    Was literally just browsing real estate in bracebridge. Saw 0.74 acre of land undeveloped in a residential neighborhood for 140k. Seemed alright but wondering how much cheaper this could go for. I need to get out of the GTA bros it's full of poos, blacks, and traffic. CANNOT raise a family here.

    • 2 weeks ago
      Anonymous

      >I need to get out of the GTA bros it's full of poos, blacks, and traffic.
      What do you mean?! You're living the Canadian Dream™

    • 2 weeks ago
      Anonymous

      That's everywhere now. Either that or methville. You get the choice of seeing weird people waking on the shoulders of highways wearing weird clothing and walking around with disgusting distended stomachs, or methville.

    • 2 weeks ago
      Anonymous

      Lmfao I was driving past an elementary school a couple of months ago. Just hordes and hordes of the most hideous repulsive Pajeet vermin and this lonely redhead boy on the school playground lol. Felt so bad for him.

      • 2 weeks ago
        Anonymous

        Please think of Billy Boomer's house equity. You don't deserve anything anyway.

  12. 2 weeks ago
    Anonymous

    I'm waiting for all of the pajeets to leave back home because of their negative equity real estate debts.

  13. 2 weeks ago
    Anonymous

    I hope landlords kill themselves in droves.

  14. 2 weeks ago
    Anonymous

    need to rent a condo downtown toronto, should I wait a month or two?

    • 2 weeks ago
      Anonymous

      No point now, rents are on an upward trajectory. However you can probably find a way to scam the system if you're desperate. Toronto rental laws are insanely favorable for renters.

      • 2 weeks ago
        Anonymous

        I see, every place I'm trying to rent actually goes for 1-300 more than asking/listing price... brutally competitive

  15. 2 weeks ago
    Anonymous

    I don’t have enough fiat right now. I could sell some of my real estate bags now and buy back later but too scared

  16. 2 weeks ago
    Anonymous

    what about when the die kek

  17. 2 weeks ago
    Anonymous

    I'm stuck in Vancouver renting in a co-op that will be ripped down eventually. No shitty landlord though, thank fuck. Family has cash getting hammered in the bank since 2017 (if it is even worth anything in a correction) and RRSPs that will tank in the market. Even if it goes so does the purchasing power to pool resources in my case.

  18. 2 weeks ago
    Anonymous

    Good. Crash it. Harder. Faster.

  19. 2 weeks ago
    Anonymous

    I moved out of Canada about 5 years ago and have been doing pretty well.
    Married now and own a house abroad, but I’d still like to move back to Canada when our kids are old enough.
    However its a real hard decision since it seems as if Canada is just getting worse, and I have a grin feeling that I’d go from living a comfortable life with lots of extra cash available to invest or just use for fun to one where I’m basically just toiling and have nothing to show for it in Canada.

    • 2 weeks ago
      Anonymous

      I definitely wouldn't come back. The Canada from 5 years ago is gone, and it's not like it was all that great here then either

    • 2 weeks ago
      Anonymous

      Make sure, even if you're abroad, that you have a maxed out TFSA that you invest with. If you're a Canadian and you're not abusing the shit out of the TFSA you're missing out. It's all perfectly legal too.

      • 2 weeks ago
        Anonymous

        Do you use Questrade?

        • 2 weeks ago
          Anonymous

          No I trade with my bank's platform (TD) because they've waived my fees and I already had stock with them that I didn't want to sell off. But questrade is good as is wealth simple now that the neo exchange and USD accounts are on there.

    • 2 weeks ago
      Anonymous

      I moved back from the U.S. 4 years ago back to Toronto. I was working a white collar consulting job paying about 150k and moved back to a 130k CAD job in Toronto to be closer to my parents.

      Definitely feels like things got worse. Canadians just dont have competitive spirit like in the U.S. I would move back to the US if I could but my gf doesn't want to leave her parents.

      • 2 weeks ago
        Anonymous

        Dump her or marry her on the condition they all leave Canada

      • 2 weeks ago
        Anonymous

        >Canadians just dont have competitive spirit like in the U.S.
        burgers are incredible morons but at least they aren't as fucking cheap as leafs are

  20. 2 weeks ago
    Anonymous

    Putting most of my savings in a GIC after their next rate hike in July.

    They're already at 3.5% but im hoping I can lock in at 5% next month

    • 2 weeks ago
      Anonymous

      [log in to view media]

      nice man ull only lose 5-7% per year to inflation

      • 2 weeks ago
        Anonymous

        [log in to view media]

        > he believes the lie that inflation is only 7%

  21. 2 weeks ago
    Anonymous

    >0.75-1.0% rate hike incoming
    This means nothing. Prices might drop slightly but we are not going to get a massive collapse.

    • 2 weeks ago
      Anonymous

      There is a ton of toxic debt in the system. It will matter in a few years when people remortgage. My cousin is already shitting bricks without any equity in her home after recently buying her first condo leveraged to the tits. People are addicted to cheap money and I don't think they are going to stomach rehab.

      Hope BC is tiny town of 4000 people about 2-3 hours from Vancouver. You can't get a house here under 800k these days lol. It has no amenities at all. Just two tiny grocery stores. A post office that is only open for 4 hours a day.

      You buy a house 20 mins bike ride way from Amsterdam for that price lol

      Except for the fact we're captive here and can't just become a transient as easily as people willing to park their dirty capital here can. It's easy to buy PR or get in under schemes like the Rural and Northern Immigration Pilot Program. Show me similar in the Netherlands and I'd pack my bags immediately. Vancouver is uninhabitable without pooling resources for multigenerational homes at this point.

      the eternal leaf problem
      >everything is going down
      >have cash but no-where to put it
      >can buy hard goods but those aren't liquid and will probably depreciate
      I hate my life

      Family has cash and I have some gold both are deep in the red. I can see why real estate is pumped to the max, as by design.

      • 2 weeks ago
        Anonymous

        buy an eu golden visa and then live anywhere you want in the eu
        500k euros

        • 2 weeks ago
          Anonymous

          500k euros is 684k cad, that's a lot of money dang.
          Looks like portugal has a 280k euro option if you buy real estate, which is 380k cad, not as bad...
          Greece has a similar option for 300k euro (after taxes and fees) as well.

          I don't know anything about real estate in these countries but if you're likely to get most of the money back within 5 years or something that might be a good deal.

          I saw Grenada has a 150k option and no covid testing or mandates or anything which is cool, who knows when Canada will lock us in again, and with the portugal visa they require residency for 7 days every year so it's risky to go that route. Demographics don't look great in Grenada though, and they're not part of the EU, but might be worth considering if money is tight.

          I think the ideal place would be a deep red state in the US but it's tough getting legal permanent residency unless you find someone to marry or something.

          • 2 weeks ago
            Anonymous

            Hmm it's kind of tricky getting to the Caribbean, most flights seem to go through miami and as far as I know there's a risk of you not being allowed into the US unvaccinated.
            Might be possible to go to London UK, and then fly to Saint Lucia.
            Or maybe go directly to Jamaica or Cuba or Dominican Republic, and then take a boat from there to Grenada, idk if anyone actually does that tho.
            Or go directly to Barbados (which has a covid test requirement on entry) and then to Grenada.

      • 2 weeks ago
        Anonymous

        >I can see why real estate is pumped to the max, as by design.
        It is literally all this country can offer
        It is a skeleton economy where the workers are tax-raped and the politicians are plundering the treasury + taking bribes from foreign investors to ensure their housing prices never go down
        Canada cannot offer anyone anything besides commodity extraction and that is the lowest value operation on the economic development graph

        • 2 weeks ago
          Anonymous

          >where the workers are tax-raped
          there is not a huge difference in income tax between Canada and the US, but there is a big difference in wages in some sectors

          • 2 weeks ago
            Anonymous

            Depends on your tax bracket but within reason yes
            That's only income tax though, not all the other bullshit carbon taxes, GST/HST, etc.
            Our CoL is considerably higher than America's and we're paid less for similar jobs (and our employers have epic poems of education and experience requirements, if you don't meet 94% of them then you're into the bucket)

      • 2 weeks ago
        Anonymous

        If you have a degree and you can land a job in Netherlands (or most countries), its pretty easy to obtain a work visa then a permanent residency as a Canadian. You just need to convince a employer to hire you and sponsor your visa.

        Now is probably a good time to do so because of Labour shortages.

  22. 2 weeks ago
    Anonymous

    It's even worse than it looks. All of these drops are with people holding rates from 3 months ago, some of those people only had a .5 bp on the loan. The .5 from earlier this month hasn't even hit the market yet, and even the .5 from May is only just now showing it's effect.

    A single .75 has caused this much damage, just wait in till the next 1.25 and likely more start taking effect.

  23. 2 weeks ago
    Anonymous

    Please bros I work for a giant corporate landlord don’t tell me the market is going to implode I can’t afford to lose my job

    • 2 weeks ago
      Anonymous

      The recession is almost locked in at this point, and it's likely going to be one of the worst recessions ever. You need to start planning for the worst, nobody is going to be safe except those with a lot of cash.

  24. 2 weeks ago
    Anonymous

    Hope BC is tiny town of 4000 people about 2-3 hours from Vancouver. You can't get a house here under 800k these days lol. It has no amenities at all. Just two tiny grocery stores. A post office that is only open for 4 hours a day.

    You buy a house 20 mins bike ride way from Amsterdam for that price lol

    • 2 weeks ago
      Anonymous

      canada is full of these "world class" shitholes

      • 2 weeks ago
        Anonymous

        my parents were looking for some lakefront vacation rental property in Essex county Ontario, very small town maybe an hour out of Windsor on Lake St.Claire

        utterly tiny cottage, listed for 400k, they go to ask and the guys says he is actually selling for over 800k and won't go lower because he has a lot of interest.

        utter insanity, and people still pay it.

        Its nuts. If this is not fixed in next two years. I am leaving for sure. I have a high paying in demand job. I can live like a king in Europe. However, in Canada I can't even afford a shitty 2 bedroom. Might just leave regardless because if housing crashes, the whole house of cards will too

        A recession and housing crash in necessary. Some of the people in Canada are so fucking deluded when it comes to housing. Yeah like its perfectly normal for a country that has GDP/Capita much smaller than US to have housing prices that are 1.5-2 times higher.

        If you read a book called House of Debt by Mian and Sufi, two economists who study household debts and recessions. You will see how fucked Canada is gonna be.

        Countries that have high household debt always get buttfucked when recession hits. Canada is one of the worst in the world when it comes to it, and its all due to housing.

        • 2 weeks ago
          Anonymous

          I moved away 5 years ago to Asia, making good money here and have a ton of savings/investments with zero debt.

          I know for sure if I moved back to Canada now I'd be a debt ridden wage slave very quickly

    • 2 weeks ago
      Anonymous

      my parents were looking for some lakefront vacation rental property in Essex county Ontario, very small town maybe an hour out of Windsor on Lake St.Claire

      utterly tiny cottage, listed for 400k, they go to ask and the guys says he is actually selling for over 800k and won't go lower because he has a lot of interest.

      utter insanity, and people still pay it.

    • 2 weeks ago
      Anonymous

      [log in to view media]

      I used to live in a city about 90 minutes out of the way from Toronto. Was not on the 401, had no jobs, and was hit extremely hard by the opioid epidemic. My parents sold their townhouse there in 2018 for $250,000 and are now priced out of the city for good. Average housing price now? $830,000.

      • 2 weeks ago
        Anonymous

        Barrie? Peterborough?

        • 2 weeks ago
          Anonymous

          [log in to view media]

          yeah it's one of them. won't say which one though

  25. 2 weeks ago
    Anonymous

    [log in to view media]

    Well, that's actually not a bad idea majorly meant for those who have got it takes to put up a fight with others surrendering. It affects the entire state of things; as simple as that question was...
    That's why crypto levels the playing field and allows Anons to earn what they really want to, with patience…

  26. 2 weeks ago
    Anonymous

    the eternal leaf problem
    >everything is going down
    >have cash but no-where to put it
    >can buy hard goods but those aren't liquid and will probably depreciate
    I hate my life

  27. 2 weeks ago
    Anonymous

    >Base entire economy off housing speculation
    >It's now all about to go up in flames

    This is gonna be Japan 1991 on steroids

    • 2 weeks ago
      Anonymous

      if it's any consolation, Australia is about to experience the same thing. Our economy is _literally_ propped up by the housing market, so much so that the Government sees fit to literally intervene whenever they can. They recently unrolled a "shared equity scheme" where the Govt co-owns up to 25% of your house and will let you buy with a 5% deposit.

      • 2 weeks ago
        Anonymous

        let's see
        > uk
        > canada
        > australia
        > new zealand
        British people are rentier cunts.

      • 2 weeks ago
        Anonymous

        kek Canada created a similar kind of shared equity scheme for first time home buyers, they give you a 5% deposit (or 10% for a new build) but they own that 5% until you sell or until you pay off the mortgage. The kicker is in 25 years that 5% will have grown with inflation, so even though you may have borrowed 40k on a 800k home, if in 25 years that home is selling for 2.5 million, you have to pay the government 125k.
        Or if you ever move you have to pay it back immediately kek. Such greedy little fucks

        • 2 weeks ago
          Anonymous

          they are doing this to support the market at prices that cannot be paid otherwise.
          the intro of this scheme is a big "top" signal

    • 2 weeks ago
      Anonymous

      yamero!

  28. 2 weeks ago
    Anonymous

    How can I, as an American, profit off the collapse of the Canadian real estate market.

    • 2 weeks ago
      Puts on Canada Anon

      My triphomosexual name. Just buy puts on EWC. A real estate crash the size or bigger than 2008 will cause enough collateral damage to their stock market to make the whole thing plummet.

    • 2 weeks ago
      Anonymous

      see

      short hcg, first national, eqbank and MICs

    • 2 weeks ago
      Anonymous

      you as an american can profit off of the collapse of the american real estate market

  29. 2 weeks ago
    Anonymous

    I'm saving cash like crazy so I can buy 3-4 houses for 50k each when the market collapses 90%. Good times ahead!

    • 2 weeks ago
      Anonymous

      Same, made 40k with the reflex pump from the recent listing, im getting closer in closer to moving in

  30. 2 weeks ago
    Anonymous

    [log in to view media]

    Should I leave Canada bros? I feel like a foreigner in my own land. Grew up in an 80% "minority" city. I just want to belong.

    • 2 weeks ago
      Anonymous

      Most of Canada outside of the big cities is white as fuck, if that's really what you want then just move to somewhere more northern that isn't a big city
      Granted there's gonna be natives, but they're less 'foreign' than you probably are

  31. 2 weeks ago
    Anonymous

    [log in to view media]

    Your dumb ass ancestors shouldn't have sold their family farms to go work in globohomo industrialist factories.

    >T. Albertafag living on the exact farm my Swedish g g grandparents settled in the 1890s.

    What's a mortgage?

  32. 2 weeks ago
    Anonymous

    I got told by my American friend once that Toronto is like the south, just with a little bit less racism. A lot of people over compensating their small dicks with big trucks, lower class people, and philistines roam that city. My friend is from the south and he says he can tell south when he sees south.

  33. 2 weeks ago
    Anonymous

    You wanna talk about a bad local real estate market? Fuck talking about Vancouver, look at oakville, that place from a financial standpoint is literal hell. The cheapest houses you can find for sale are like 1.2 mil and good luck trying to rent even a basement as now renters are OUTBIDDING one another and usually the listed rent price will go up about 25% due to that phenomenon. All the old houses are bought up in cash by pajeets or by china men that aren't even citizens that use chinese gov funded foreign housing grants. Whole blocks of beautiful old heritage houses and bungalows were ripped to shreds by these chuds and pajeets and turned into the ugliest fucking mcmansions you can think of. Almost all of the real estate in that town is worth 60% more than it should be and god have mercy on your soul if you live north of the QEW. The boomers in that town sold out hard to foreigners and now there kids will reap what they sowed. Also while the town was nice it creeped me the fuck out. The town is littered with masonic imagery EVERYWHERE! Used to live there and when I walked down lakeshore in the downtown core there was masonic plaques and symbols on every fucking building. Housing in places like oakville and the GTA needs to collapse ASAP or i'll be leaving Canada permanently.

  34. 2 weeks ago
    Anonymous

    [log in to view media]

    Reminder for trudocucks

    • 2 weeks ago
      Anonymous

      >all that cope
      yet he's still in power
      and chuds are still seething about it

  35. 2 weeks ago
    Anonymous

    >tfw looking for a house in Hamilton/grimsby/binbrook area
    It doesn’t help when you can only got a 350k mortgage either

  36. 2 weeks ago
    Anonymous

    You couldn't pay me to live in Canada. I'm honestly concerned that I share a border with this cuckshed of a nation.

  37. 2 weeks ago
    Anonymous

    >Anybody else salivating at the chance to buy some cheap rural property when boomers capitulate

    Even if it drops 50% ON houses are still horrifically overpriced.

  38. 2 weeks ago
    Anonymous

    property values in Ontario are worse than anywhere else. my little house in scarborough should be worth around 400k, but it'd go for 1.3m at least and there are CSIS a few doors down and n-words everywhere. people get jumped in this neighborhood while big brother watches our children pee for their own protection. this house ought to be worth 100k considering what Canada has become

  39. 2 weeks ago
    Anonymous

    Still pumping where I'm at. I bought last July. Only idiots are panic selling. Seethe rent cuck.

    • 2 weeks ago
      Anonymous

      >bought last July.
      > seethe

      • 2 weeks ago
        Anonymous

        >12 posts by this ID
        >claims I'm seething
        The top was in March and prices are up here significantly compared to last July. My business is booming too, shoot me a message if you're looking for work.

    • 2 weeks ago
      Anonymous

      >Only idiots are panic selling
      Yes and they're the ones that'll tank the market. But if you're in a position to hold strong you'll win in the end. In my area people are on the brink of being liquidated.

  40. 2 weeks ago
    Anonymous

    CTV ran an article yesterday saying “experts” don’t think a recession will happen. HAHAHAHAH

    • 2 weeks ago
      Anonymous

      >CTV experts
      Probably Ryerson drop outs

    • 2 weeks ago
      Anonymous

      >experts
      these guy have been saying a lot of strange stuff the last few years

  41. 2 weeks ago
    Anonymous

    Hopefully it crashes to the ground

  42. 2 weeks ago
    Anonymous

    real estate will drop but you're all delusional homosexuals if you think it will be allowed to drop to levels where the electorate truly suffers and there is mass market carnage. If you believe this you are unironically a nufag to life and should kys

    • 2 weeks ago
      Anonymous

      Do you legit talk like this in real life or are you just playing retarded on the internet?

      • 2 weeks ago
        Anonymous

        real estate dreamer detected. truth hurts?

    • 2 weeks ago
      Anonymous

      This anon is right. Canada is not the U.S. the government will use political levers to prevent market forces from naturally cleansing the system. It's not like the U.S. were the government is limited in how much market control it has.

      The way vaccine mandates was introduced to the federal government workers and the big banks were used to freeze bank accounts of the truck protestors should clue you in. The state will use political mandates to prevent a 2008 style crash in Canada because it will be deemed to be in the "interest of national security". That being said, housing will decline but I highly doubt a big crash will occur.

      Canada and it's fundamental culture is much more of statist than the U.S. I have spent time on both sides of the border and this is my biggest dislike about returning to Canada. I really don't like how people are childishly relianct and believe in the state institutions to bail them out no matter what. It breeds a culture of slavish dependence and simultaneously complacency.

      • 2 weeks ago
        Anonymous

        Ask me how I know you have a HELOC

        • 2 weeks ago
          Anonymous

          Nah, I considered it at one point but ended up selling my downtown Toronto late last year. Dodged the bullet but for entirely different reasoning as I was leaving my job over the vaccine mandate not because I had some supernatural insight into the housing market.

          25% of home owners can't afford their current mortgage. BoC predicts rate hikes for 2023, so yeah good luck with that.
          [...]
          That would make sense except you overlooked the fact that Canada is more susceptible to inflation than the United States. We have no massive stock index to push off inflation and no world reserve status to balance our currency. We also had the highest % increase in our MS curve among first world countries. Rates will rise and the over leveraged will get liquidated, its inevitable.

          [log in to view media]

          [...]
          I suspect this as well. As the lionshare of money isn't printed by the Government, or the Bank of Canada, but by private commerical banks like BMO and RBC when they fractionally reserve lend for mortgages. Like 90-95% of all newly minted bills are created this way.

          This has set up a too-big-to-fail mechanic where the value of CAD is directly tied to the housing market. Fiscal and monetary policy is really for show, this is the true money mechanic lever. To decreasing housing is to decrease CAD.

          Since money, like krugman said, is backed by men with guns (nuclear backed currency) the geopolitics is the core driving factor. But there is a limit to everything, and ponzi mechanics will always be ponzi dynamics. At some point the MIC may just instead wage colour revolution in the West instead of dealing with the gluttoned laurentians in the East

          Eventually yes, it's inevitable, but don't underestimate how long political fiat can artificially keep the game going. It may be short term in the historical sense but, let's say they manage to put a floor on the housing market for another 10 years, for the individual that is a long time. I am turning 35 this year, in 10 years, most millennial will be in their 40's. In the mean time I still have to live my life, we can't necessarily wait for nature to correct man's folly.

          • 2 weeks ago
            Anonymous

            [log in to view media]

            >but don't underestimate how long political fiat can artificially keep the game going.
            Indeed, which is what vexxes me. The average fiat currency regime lasts 20 years. We are on year 50. At this point the mathematical error of fractional reserves, just as in ages past, has sent all the money not into factories for workers, but housing for rent extractors. This stuff quadratically scales, so its exponentially more difficult each passing year

            • 2 weeks ago
              Anonymous

              also as rentier activity becomes more rewarding than real activity, people switch, productivity goes down, more people switch etc.
              I think the USA have actually figured this out and are going to nuke it.
              People have to lose big to scare them back into real activity. Until that happens Powell will keep raising.

      • 2 weeks ago
        Puts on Canada anon

        Even dictatorships often fail to prevent recessions or inflation.

        • 2 weeks ago
          Anonymous

          nobody here is denying inflation or recession the debate is about what will happen. Some nufags think 30's style crash and others believe new clown world bubbles. The only debate should be: what will be the new horseshit they peddle?

          • 2 weeks ago
            Puts on Canada anon

            Probably stagflation with some level of crash in real estate, potentially catastrophic but possibly just a correction, depending on how badly companies layoff and homeowners panic.

            • 2 weeks ago
              Anonymous

              bets on new bubble sector to emerge from this?

              • 2 weeks ago
                Puts on Canada anon

                If the US is any indication, stocks, especially tech and to a lesser extent biotech. But Canada's industry is tiny, so it might have to be some foreign etfs as well.

              • 2 weeks ago
                Anonymous

                high rates destroy credit, it's not like there is the same amount of 'money' sloshing around somewhere else

    • 2 weeks ago
      Anonymous

      BoC has zero control over rates. Zero.

      • 2 weeks ago
        Anonymous

        you are going to get an incredibly frustrating lesson in what post-modern political economy looks like in the clown world.

        I am not happy about any of this btw, I'm just telling you how it will be.

        • 2 weeks ago
          Anonymous

          I hear you, but either:
          1. they let housing slide as they follow the fed on rates
          2. they inflate and i get to step over dying boomers in the street
          I'm happy with either outcome

          • 2 weeks ago
            Anonymous

            Yes they either bail people somehow for muh political reasons and inflation gets much worse or they allow a crash and are politically sunk. Solution? Controlled demolition and slow crash funded by inflationary spending and gibs increases and muh programs funded by the same.

            Either way stagflation 100% you're right

            If the US is any indication, stocks, especially tech and to a lesser extent biotech. But Canada's industry is tiny, so it might have to be some foreign etfs as well.

            lmao I'm in Canada's "silicon valley" and if that's what daddy needs to save the farm we better start packing

            high rates destroy credit, it's not like there is the same amount of 'money' sloshing around somewhere else

            these psychos will mmt us to oblivion while they trip on dmt for a while bro. This will be very political

            • 2 weeks ago
              Anonymous

              I think they will fuck it up and CAD will tank or housing will tank, Trudeau / Freeland have zero brains or experience.
              Even watching your pre election debates, I'm sorry to tell you but Canada is retarded.
              > Hi is that Powell? It's Justin. Look I need you to stop raising rates, it's really hurting us
              >> Not my problem

    • 2 weeks ago
      Anonymous

      25% of home owners can't afford their current mortgage. BoC predicts rate hikes for 2023, so yeah good luck with that.

      This anon is right. Canada is not the U.S. the government will use political levers to prevent market forces from naturally cleansing the system. It's not like the U.S. were the government is limited in how much market control it has.

      The way vaccine mandates was introduced to the federal government workers and the big banks were used to freeze bank accounts of the truck protestors should clue you in. The state will use political mandates to prevent a 2008 style crash in Canada because it will be deemed to be in the "interest of national security". That being said, housing will decline but I highly doubt a big crash will occur.

      Canada and it's fundamental culture is much more of statist than the U.S. I have spent time on both sides of the border and this is my biggest dislike about returning to Canada. I really don't like how people are childishly relianct and believe in the state institutions to bail them out no matter what. It breeds a culture of slavish dependence and simultaneously complacency.

      That would make sense except you overlooked the fact that Canada is more susceptible to inflation than the United States. We have no massive stock index to push off inflation and no world reserve status to balance our currency. We also had the highest % increase in our MS curve among first world countries. Rates will rise and the over leveraged will get liquidated, its inevitable.

    • 2 weeks ago
      Anonymous

      [log in to view media]

      This anon is right. Canada is not the U.S. the government will use political levers to prevent market forces from naturally cleansing the system. It's not like the U.S. were the government is limited in how much market control it has.

      The way vaccine mandates was introduced to the federal government workers and the big banks were used to freeze bank accounts of the truck protestors should clue you in. The state will use political mandates to prevent a 2008 style crash in Canada because it will be deemed to be in the "interest of national security". That being said, housing will decline but I highly doubt a big crash will occur.

      Canada and it's fundamental culture is much more of statist than the U.S. I have spent time on both sides of the border and this is my biggest dislike about returning to Canada. I really don't like how people are childishly relianct and believe in the state institutions to bail them out no matter what. It breeds a culture of slavish dependence and simultaneously complacency.

      I suspect this as well. As the lionshare of money isn't printed by the Government, or the Bank of Canada, but by private commerical banks like BMO and RBC when they fractionally reserve lend for mortgages. Like 90-95% of all newly minted bills are created this way.

      This has set up a too-big-to-fail mechanic where the value of CAD is directly tied to the housing market. Fiscal and monetary policy is really for show, this is the true money mechanic lever. To decreasing housing is to decrease CAD.

      Since money, like krugman said, is backed by men with guns (nuclear backed currency) the geopolitics is the core driving factor. But there is a limit to everything, and ponzi mechanics will always be ponzi dynamics. At some point the MIC may just instead wage colour revolution in the West instead of dealing with the gluttoned laurentians in the East

  43. 2 weeks ago
    Anonymous

    >incels have been waiting since 2015 and are now ecstatic that prices will finally ""crash"" back to 2019

    • 2 weeks ago
      Puts on Canada anon

      I bought my puts a few weeks ago.

      • 2 weeks ago
        Anonymous

        what'd you go for?

        • 2 weeks ago
          Puts on Canada anon

          I have one 9/16/2022 on ewc at a strike price of 36, and 10 at a strike price of 29

          • 2 weeks ago
            Anonymous

            >ewc
            -11% ytd, yeah could go a lot lower once the 'middle class' stop spending due to housing appreciation

  44. 2 weeks ago
    Anonymous

    check out @economicwoes on twitter - some leaf pajeet that shits on realtors
    very funny these days

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