The above link shows percent changes to volume, not overall totals to fixed investments.
Entering the Greatest Depression in History
- Thread starter darkbeaver
- Start date
The above link shows percent changes to volume, not overall totals to fixed investments.
Dumb ass. The housing industry has nothing to do with financing or ownership of the physical housing and land.
No **** Sherlock. What do you think 86% foreign ownership equates to if not being ****ed up the ass?
Based on 2005 fixed investments of $259B long before the "crash". It's given in the chart.
To you maybe. I see it as a positive influence on the ground here and now. It's stimulating, isn't that the purpose.
I don't care about that, I care about the jobs that have been saved, the jobs that have developed.
Yep.
A mortgage company that is owned by the CIBC. What they do with the note is their business. Canadian banking laws and regulations have served me and my investments well thus far. I renewed my mortgage in April, below prime, locked for 5 years. It helps to have a Mother that was the VP of Communications for the CIBC for several years to assist you in your banking and investment needs...;-)
Still trying to cope?
You might want to talk to people who lived through the depression, they actually know what happened.
You are by far the most extreme right winger i know who worships Trudeau.
Considering my assertions and subsequent facts were in regards to the OP's assertion that the housing market is in trouble. I fail to see how your childish name calling is even remotely warranted. Unless of course you failed to lead the discussion off in to you lovely land of minutia. And now can no longer support your arguments regarding anything I have posted.
Besides that, the fact that there is a surge in housing, which can only be, if there is a demand. It is a good sign that the economy is still alive and kicking. A light at the end of the tunnel as it were.
That all depends on what side of the ownership you sit on. And how your ideology or knowledge of Canadian banking dictates you disseminate information.
I know how the Canadian banking system works, I have no fears of double digit interest rates anytime in the future. I know my mortgage is safe and my investments sounds.
You knew the true owner can dump you on your ass at any time right and that you don't truly own your property.
Look, I understand you feel the need to look smart somewhere, but you fail again.
As DB says, laughing is a good way to cope, so keep on laughing.
:lol: Ya, so long as set requirements are met. Stop thinking with American regulations in mind. Canadian MBS's are a far cry safer then their US counterparts.
Did you know you can also beat that in court if the actual owner is unable to present himself?
Keep trying.
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I know. Subtract the decline from the total. I still don't know what you're getting at. I was referring to the newspaper article (or magazine, I forget now) you were referring to earlier.....- something about -13% to 100%.
American? Never in Canada have nice river view properties worth alleged "big bucks" been flooded for hydro electric moving people down to the flood planes or given a below value payment? Never has a mineral or oil company moved towns and left them valueless and down wind of flare stacks? The banks were there screaming bloody mumber in favour of their clients?
You OWN jack**** in this world.
Said, petros doesn't even know what he's babbling about.
This his MO when confronted with something he can't challenge, he switches gears to argue the minutia in the fringe of the originating discussion.
Hence his questioning of mortgages and so one.
My point, is and was, that the market is moving. Capital is being moved from home buyers to whoever. Thus the housing market is in motion. People are making sufficient income in careers that are obviously up to the stringent standards of Canadian lenders.
This is a far cry from the doom and gloom of the OP.
Market means nothing. That is merely the location of the transaction and has noting to with benefits to national economy beyond temporary jobs. If the end dollar leaves the country how is there a benefit?
There is absolutely nothing to jump up and down about because a few jobs are created. Big deal. Employees (slaves) can come from anywhere. It's not long term nor is it beneficial to the value of Canada.
Where do I sign up to be a proud Canadian and let some foreigner pimp me out at triple my value and pay me one third while he takes the worth of my work home with him?
You're such a good nationalist and oh so patriotic.
You're such a good nationalist and oh so patriotic.
I know, I saw the chart. I guess that the 100% came from something Bear posted? Anyway, I'm bored and must go bathe now.
Smell ya! :lol:
And then there's the rhetoric.
Again, predictable.
Look petros, I'm no financial guru, by any stretch of the imagination. But I do have a pretty good idea of what's going and why. Particularly in the Canadian market. Due entirely to my Mom.
The housing market, which is tied to the lending market is always a fair indicator to how things are doing.
Just because Canadian banks sell off MBS's, doesn't mean that the very real and very stringent requirements and criteria of our banking systems are not attached.
Again evidenced in the fact that not one financial institution in Canada has folded, as we have seen elsewhere in the world. This should be applauded, in fact, other countries have been investigating adopting our systems, or some manifestation thereof.
But hey, if you want to wallow in paranoia, doom and thoughts of catastrophes, feel free. I think I'll just go on living and enjoying the day.