There is a lull in development.Not according to what I read this morning. Seems a lot of bull is being peddled by dirt pimps to make the gullible think they must buy now, at inflated prices.. Especially the condo market in Victoria.
There is a lull in development.Not according to what I read this morning. Seems a lot of bull is being peddled by dirt pimps to make the gullible think they must buy now, at inflated prices.. Especially the condo market in Victoria.
Apparently itll be a shitty run..It sounds like time to head for the hills . If we are all going to die anyway will I get charged for poaching a Sockeye ?
Yes , you are probably correct , haven’t paid much attention , but no scheduled openings .Apparently itll be a shitty run..
Last time I checked socks were open in area 14.Will check before going out tonight just in case.Yes , you are probably correct , haven’t paid much attention , but no scheduled openings .
Can't remember if the article I read was in the Orca or THe Capital. There was some rule changes that put a damper on condo speculation.There is a lull in development.
Greetings All,
Very new to CanadianContent and happy to have found a forum to discuss matters related to Canadian economics and finance.
I've had a thing about the banks for a while, and strongly believe we have a financial sector completely out of control.
It's never mentioned but chartered banks in Canada suck $50B in profits from the Canadian economy annually despite paying ludicrous salaries to top executives. Canadians are left with the air that we breathe for their services. It is my opinion that the pursuit of profit by all means possible is not a reasonable organizational objective given they enjoy the support of the Canadian government through their relationship as a chartered bank.
It's huge and they are after every nickel. One of the most beautiful bank convenience things is they get to expense and write off bad investments. Banks can afford to drive share prices down by shorting and write off the loss while doing so. Every investment is guaranteed for them.
The latest new thing is loan loss provisions. I had never heard the term until recently. I assume this means they take money they would have had to pay tax on and don't pay tax on it. I'm not claiming to be a financial genius but I can recognize bs when I see it.
The one that really started me is that I can buy an American stock for $9.99 / trade or less depending on # of trades. If I want to buy a stock on any of the other 16 world markets with trillion dollar market caps the commission is $250. How can foreign policy allow such an advantage that surely helps direct 98% of Canadian holdings through the New York stock exchange. We don't even extend the deal to Commonwealth partners. RBC is not going to make the change on their own. They like it like this. Easier to control for them.
Anyway... not organized enough to lay it all out here now. Hoping some might comment and add insight or correct me if I am wrong. I have more ideas and look forward to participating in future threads. Apologize for the ramble. Best wishes to all.
Banks used to make money by lending.Greetings All,
Very new to CanadianContent and happy to have found a forum to discuss matters related to Canadian economics and finance.
I've had a thing about the banks for a while, and strongly believe we have a financial sector completely out of control.
It's never mentioned but chartered banks in Canada suck $50B in profits from the Canadian economy annually despite paying ludicrous salaries to top executives. Canadians are left with the air that we breathe for their services. It is my opinion that the pursuit of profit by all means possible is not a reasonable organizational objective given they enjoy the support of the Canadian government through their relationship as a chartered bank.
It's huge and they are after every nickel. One of the most beautiful bank convenience things is they get to expense and write off bad investments. Banks can afford to drive share prices down by shorting and write off the loss while doing so. Every investment is guaranteed for them.
The latest new thing is loan loss provisions. I had never heard the term until recently. I assume this means they take money they would have had to pay tax on and don't pay tax on it. I'm not claiming to be a financial genius but I can recognize bs when I see it.
The one that really started me is that I can buy an American stock for $9.99 / trade or less depending on # of trades. If I want to buy a stock on any of the other 16 world markets with trillion dollar market caps the commission is $250. How can foreign policy allow such an advantage that surely helps direct 98% of Canadian holdings through the New York stock exchange. We don't even extend the deal to Commonwealth partners. RBC is not going to make the change on their own. They like it like this. Easier to control for them.
Anyway... not organized enough to lay it all out here now. Hoping some might comment and add insight or correct me if I am wrong. I have more ideas and look forward to participating in future threads. Apologize for the ramble. Best wishes to all.
Then dont use a chartered bank. No one is forcing you to.
Curious as to this alternative you speak?
You are free to use Credit Unions .Greetings All,
Very new to CanadianContent and happy to have found a forum to discuss matters related to Canadian economics and finance.
I've had a thing about the banks for a while, and strongly believe we have a financial sector completely out of control.
It's never mentioned but chartered banks in Canada suck $50B in profits from the Canadian economy annually despite paying ludicrous salaries to top executives. Canadians are left with the air that we breathe for their services. It is my opinion that the pursuit of profit by all means possible is not a reasonable organizational objective given they enjoy the support of the Canadian government through their relationship as a chartered bank.
It's huge and they are after every nickel. One of the most beautiful bank convenience things is they get to expense and write off bad investments. Banks can afford to drive share prices down by shorting and write off the loss while doing so. Every investment is guaranteed for them.
The latest new thing is loan loss provisions. I had never heard the term until recently. I assume this means they take money they would have had to pay tax on and don't pay tax on it. I'm not claiming to be a financial genius but I can recognize bs when I see it.
The one that really started me is that I can buy an American stock for $9.99 / trade or less depending on # of trades. If I want to buy a stock on any of the other 16 world markets with trillion dollar market caps the commission is $250. How can foreign policy allow such an advantage that surely helps direct 98% of Canadian holdings through the New York stock exchange. We don't even extend the deal to Commonwealth partners. RBC is not going to make the change on their own. They like it like this. Easier to control for them.
Anyway... not organized enough to lay it all out here now. Hoping some might comment and add insight or correct me if I am wrong. I have more ideas and look forward to participating in future threads. Apologize for the ramble. Best wishes to all.
Banks make money by lending imaginary money and collecting interest .Banks used to make money by lending.
Now they make money by service charges.
That s the biggest change I have seen in banking - and I am old enough to remember when you lined up at the teller with the shortest lineup
Real estate is bustling everywhere. These days people have time to move. It's a time consuming ordeal.Can't remember if the article I read was in the Orca or THe Capital. There was some rule changes that put a damper on condo speculation.
What kind of lender would extend terms in this precarious economic environment. Banks don't care. They will give anyone a mortgage if they have a down payment. Loading people with debt is their favorite thing.Canadian housing market breaking records left and right.
July 2020 prices up 14.4 % over July 2019
Home sales up 25%
Average house price $571K - including all markets - when you exclude Toronto and Vancouver from the national average the avergage comes down substantially
This is during a pandemic?
What this shows and why it was predictable is that Canadians believe in real estate. Generation after generation of Canadians know that putting your money into real estate is the single best investment you can make.
People are loading up on equity.What kind of lender would extend terms in this precarious economic environment. Banks don't care. They will give anyone a mortgage if they have a down payment. Loading people with debt is their favorite thing.
CMHC( taxpayers) guarantee the loot.What kind of lender would extend terms in this precarious economic environment. Banks don't care. They will give anyone a mortgage if they have a down payment. Loading people with debt is their favorite thing.
To load up on equity would require a substantial downpayment with equity(cash) they already have.People are loading up on equity.