http://www.zerohedge.com/news/2017- 06-03/biggest-real-estat

>>128462051
>You better pray Trudeau actually starts doing something-

but then the enemies might win

Can't wait for the pop, gonna be able to buy up some cheap property finally

>>128462051
>http://www.zerohedge.com/news/2017-06-03/biggest-real-estate-bubble-all-time-just-did-impossible

Please use archive

https://archive.is/0ODT3

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>>128462051
I bought my house super cheap in the country, can't wait to see these cityfag go on suicide watch when it pop.

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>>128462051
>tfw you have insider knowledge of the Canadian banking industry and the big 6's latest forecast basically said "shit is about to get real" and now behind the scenes all the banks are scrambling like mad to shed exposure but it's extremely doubtful any of them will dodge this bubble when it finally lets go

Buckle up lads

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>>128462397

the chinese money will never stop flowing.

>>128462397
Same here. Bubble burst + boomers dying off = Smörgåsbord of delightful real estate.

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>>128463440

tell more please

I purchased my tiny studio sized condo in 2010 after the last crash for $60k. Paid it off and sold it to some Asian for $250k this year. I'm sitting on the cash and waiting for the next burst. Then I'm going to rinse and repeat. To all you young faggots start saving now and get ready. Beat (((them))) at their own game.

This is how crashes start. Slight fall at first, then massive drop after panic sets in.

See: 1929

>>128464200

This just need a conservative gov to close borders and we are set

I CAN'T FUCKING WAIT

Got a great secure job, don't have a mortgage, but have downpayment money ready to go.

Let it burn, let it all burn.

>>128464204
Basically, 20% of Canada's economy is now real estate which is estimated to be overvalued somewhere in the range of 40-80%. House prices in the retard markets (Vancouver/Toronto) continue to climb but actual sales are slowing noticeably. This time of year is normally the busiest for lending, but the banks mortgage departments are twiddling their thumbs half the day and personal lending has more or less come to a screeching halt. All the while consumers continue to rack up record levels of debt and kick their financial balls further down the road. What this all means is that real estate as property is dying (or dead) and real estate as investment is literally the only thing propping up the country. Any shock to that flow - such as an interest rate hike, an exodus of foreign capital, or getting fucked over in a renegotiation of NAFTA - is going to slam Canada into a recession the likes of which has never been seen before in this country. We're literally a ticking time bomb here.

>>128465400
Trudeau will just print money to bail out the banks. Your savings won't matter.

Buy guns/ammo.

>>128465935
I have my guns ready to go.

Shits going to be cash with a short barrelled shotgun in a Toronto condo

>>128465642

dear god. financialization of housing, what the fuck were they thinking? Do they not care about the people at all? What about civil stability? this is a recipe for a disaster. what the fuck....

>>128465642
>interest rate hike
>Nearly three quarters of Canadian homeowners say they would have difficulty paying their mortgage if their payments were to increase by more than 10 per cent, says a new survey by Manulife Bank.

> huffpuff, I know
http://www.huffingtonpost.ca/2017/05/24/canadian-homeowners-rate-hike_n_16782802.html

>>128466736
Shekel status: denied
>http://huffingtonpost ca/2017/05/24/canadian-homeowners-rate-hike_n_16782802.html
https://archive.is/tGFF1

>>128466760
s-ssorry anon

Is it possible to profit from this bubble collapse by shorting something or buying a specific stock?

>>128466414
Same here in UK, I'm afraid. In many parts of London and South East, house prices are between 10 and 20 times local annual salary (compared to the historic 2 or 3 times).

>>128464200
Unless youre rich, or a chink you aint buying shit.
Boomers will leave the suburbs and diversity will move in. Enjoy.
Us WASPs have no future in this country.

>>128466878
S&P/TSX 60 VIX Index

As if Canada and your faggot PM isn't just going to magically 'buy up' all the real estate when it crashes using a voucher system in combination with your shit banks and give the houses away to refugees free while adding the red ink to the Canadian taxpayers bottom line

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>YFW Trudeau will blame Harper for the crash

>>128463440
Why did they go all in in this fucking bubble anyway? Why didnt they hedge it properly or kept a smaller exposure to this junk?

>>128467282
Are you implying Chinks are financially literate as opposed to greedy cunts?

>>128465935
I'm just thinking, this means the impending collapse of the CAD.

I have bank a/cs in USD/GBP and EUR. Would it be safer there I wonder.

>>128462051
Australias not far behind either.

You know what these real estate bubbles both have in common?

Chinese money laundering.

Unless the Chinese are forcefully deported, expect nothing to be solved.

>>128462619
>not giving zero hedge clicks

Please die in a grease fire. They're not MSM.

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>>128465642
>Basically, 20% of Canada's economy is now real estate

>>128467804
chinese money is toxic af

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>>128467703
The US and EU are going into a trade war and all of the major currencies are at least in some ways dependent on each other. The second shit goes sideways, countries will start calling in their debts and that will be WW3. It's no surprise that the EU is trying to set up its own military.

>>128467282
In a word? Greed.

The only thing our banks care about are profits, and they don't care who they fuck over or what risks they have to take to make money. The real estate market has been overflowing for the past decade, and none of the big 6 could possibly let any of the other 5 have a bigger slice of the pie.

>>128468223
Does Canada do anything other than natural resources production and housing bubbles?

>>128468706
We're actually pretty active in many industries, including a lot in research and development.

If you've ever had diagnostic imaging done at a hospital, the isotopes used were probably made in Canadian nuclear reactors.

why start a business when you can just buy a house. no employee will earn $700+ a day.

free money!

>>128462619

fuck off pretending to be the archive bot, zerohedge is fine.

>>128462051
>zeroclue

hes been screaming bubbles for over 10 years now.

If I had taken his advice I wouldve sold my home when it was 400k, instead its over 3million now

>>128462051
The Chinks are the most exposed to a Canadian housing crash. If Canada's housing market pops, you'll better Chinks will default on their loans and there will be a domino effect on housing markets around the world. Australia is predicted to face a recession next year so we are probably more Fucked then Canada

>>128468706
Top 10, in approximate order:

1) Overpriced houses (real estate)
2) Making shit for Americans (manufacturing)
3) Digging shit out of the ground and selling it to Americans (natural resources)
4) Legalized fraud (banks/finance)
5) Making overpriced houses (construction)
6) Sick old people (healthcare)
7) Lighting piles of money on fire for warmth (government/administration)
8) Moving shit from one side of the country to another (transport/trade)
9) Inventing useless new things to sell to Americans (R&D)
10) Degree mills and childhood indoctrination (education)

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>>128469749
Banks are selling bonds with NEGATIVE returns. Sell now or watch your gains implode like everyone else too blind to see the bubble.

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>>128469235

>>128468706
Our economy is about 30% financials, 25% natural resources, 10% materials, various otherstuff like tourism and hospitality

>>128469916
?
I own bonds, they rollover every time they are up.

10 year yield in canada is like 1.7% atm.

>>128470049
http://www.cbc.ca/news/business/cibc-negative-yield-bonds-1.3685259

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>>128469097
Interesting, thanks for the info. However I do not think that isotopes used in the Netherlands come from Canada, as our Petten plant produces a huge amount of isotopes (1/3rd of global supply in 2008)

>>128470201
Use archiving
>http://cbc ca/news/business/cibc-negative-yield-bonds-1.3685259
https://archive.is/neGR2

>>128470264
do robots dream of electric (you)s?

>>128465642

so the tldr is that canada's economy is dependent on real estate and it'l get fucked by any slight incovenience?

>>128470201
Interesting.

I still dont see how this is related to whether houses are appropriately priced

>>128469816
Kek. So basically only 2, 3, 8 and 9 are real drivers of economic growth and the rest is ponzi 101

>>128470493
tldr is people have been screaming housing bubble for 20 years now and they are wrong every single year.

Until the supply of endless rich chinks wanting to move here slows down (pro tip: it isnt), house prices are going to continue to appreciate

>>128470493
Keynes was a hack.

>>128470564
It's a sign of impending crash. The idea being that you're going to lose less with a negative yield bond than storing your money elsewhere.

>>128468706
Canada is behind the US when it comes to top AI researchers, so even after the oil bust, they'll do well.

>>128462051
If any bro on 4 chan needs a good vancouver realtor shameless self bump.
778-869-576

Giving bros 50% commission reduction.

It's purely speculative at this point, Chinese dump their money and as long as they can funnel money over then this "boom" is going to keep happening.

Current prices of 1000 a square foot is now considered low and the Chinese developers are pushing hard for 1500 a sq ft.

Gg

>>128463399
Is being country the ultimate red pill?

> No terrorism
> No traffic
> No public degeneracy
> Tranquility
> Hard working, honourable folk
> Community cohesion
> More tranquility

>>128470848
There are also companies like D-Wave Systems (Burnaby, British Columbia) in Quantum Computing.

>>128469816
>2) Making shit for Americans (manufacturing)
We don't even do much of this anymore.

There are very few global manufacturing firms here in Ontario. I work for Bombardier manufacturing aircraft and even that will dry up.

>>128470740 If China grows the Chinese will have more money to buy overpriced houses with, and conversely China slowing down might even increase capital outflow of China into Canada and Australia increasing the price too

Either way Canadian millennials are fucked until the bubble pop if they want a house, but then your economy will be in a deep recession/depression and these millennials will not be able to get a job or a loan to buy cheaper housing with

Lol

>>128470748
low rates are a sign of other sectors of the economy being sluggish.

its crash --> low rates. not low rates --> crash

>>128471264
Bombardier needs to either learn to stand on its own or fucking die already.

t. Quebecer living in Ontario.

>>128470740
Toronto Real Estate Board is releasing stats for May tomorrow and they won't be pretty
The real question right now is Vancouver, and how it's going to weather the upcoming NDP/Green shock

>>128470971
Might as well leverage myself up into oblivion and buy random altcoin cryptocurrency m8

>>128471265
Yup, canada is protected either way.

China keeps growing --> more rich chinks move to vancouver
China economy collapse --> more money flows out of the country into the west where its secure

I could care less because I already own real estate in vancouver and toronto and these chinks have made me rich beyond my wildest dreams

>>128471459
Until there is direct policy stopping all the millionaire chinks from moving here (30% foreign tax isnt nearly enough), nothing will change

>>128469749
This.
It's always happening over there.

>>128462051

lol at you idiots thinking the bubble will pop. The government will pull out all the stops to keep the bubble from popping. They just increased immigration last year to 300,000 from 250,000 (something literally no one wanted) and interest rates are the same.

>>128471388
R&D and FTV programme costs are astronomical and generate no cash. The $5bn on C-series and $2bn on Global is not unexpected. Considering that we've surmounted most of this cost now, we should be rolling off C-series at $100m a pop and Global at $75m a pop for at least the next ten years.

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I would think the bubble in real estate is in China!
Puetro Rico is another weak spot bonds are worthless.
If the US should ever not be able to borrow money, buy ammo!

>>128471053
D wave is a quantum anealer. It's not a true Quantum computer. Google and IBM are the closest to creating a quantum computer

>>128465642

Sounds familiar.

>>128463440
I'm thinking of buying a house/property in Oregon. Thoughts? Wait? Hurry?

>>128472676
The Canadian market isn't going to have a huge effect on the US

>>128467804

The eternal Anglo is never at fault. Bloody foreigners!

>>128463399
that pic is what christians actually believe

>>128473124
It is though. The entire bubble is rich chinks parking their kids and money in Canadian real estate.

>>128462051

Zerohedge? Not this bullshit again.

>>128467703
>USD
>EUR
>would it be safer there
Toppest kek. You trust an currency controlled by the Federal "there is literally nothing wrong with infinite money" Reserve, or a currency created for the purpose of jamming vastly differing nations together under a socialist megagovernment?

If you want a reliable store of value, look to precious metals and land. Government can't print either of those.

>>128473471

And what has been your government and banks doing about it for the past 5 years? Because this is not news.

>>128474004
this entire thread and zerohedge article is based on the idea that the govt can manipulate the value of land

>>128463440
i'd wreck laura bailey

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>Yes, it’s true overall sales last month in the Pacific City of Delusia jumped 22% from the number of deals done in April. In fact, it was the third-best May on record. But facts are fact. As big as the month/month increase was, sales are still running about 9% below 2016 levels while new listings have increased 23%. More importantly, there’s a fundamental change happening in the sales mix – experienced real estate owners are sitting frozen in the headlights of change, while the moisters and first-time buyers rush in. Yes, the greater fools.

http://www.greaterfool.ca/2017/06/04/market-update-10/

it feels like the only options right now are to leave the country or go into the wilderness and start a militia...

>>128474761
In the short run. If you own the land outright, you can simply sit on it and the value will increase in the long run. Land is a scarce resource on the planet, and an ever-increasing population means an ever-increasing price for that land. And so long as you're able to hold it, that land will retain its value through any sort of economic turmoil. Not so much for fiat currencies, stocks, or any other non-physical investments.

>>128465642
It is the Florida market all over again.

Time to short canada

>>128466760
God bless you are everywhere

>>128468706
CANDU and hydroelectric power.

>>128475863
Immigrating to another country is not so easy for regular folks, unless your name is Mohammed.

Or Juan, in the case of the US. Getting a green card is rather difficult, have you ever looked into it?

>>128465642
sounds like Australia lol

>>128462051

EVERYBODY BUY BITCOIN NOW TO HEDGE AGAINST WORLD WIDE CRASH

>>128470982
> no niggers

>>128476856
Join the militia.

>>128472814
How do I profit off this?

Want some real truth? Find out where all these rich cunts live (city leaders, real estate professionals, business owners, politicians, celebrities), go to their neighborhoods, walk down the sidewalk and start video recording. You might even become a millionaire when the cops show up and try to deny you your rights.

>>128464775
Hells yeah bud.

>>128462051
What did leafs expect to happen when they starting importing a million people per year?

>>128472676
>I'm thinking of buying a house/property in Oregon. Thoughts?
There are a few realities in Oregon (and Washington to some extent) that might not be readily apparent. Oregon is overwhelmingly conservative politically, largely religious, with a strong bent of "leave me alone". Unfortunately state and federal representation is overwhelmingly liberal/communist because of the population of a few counties in the Willamette Valley. Oregon has always had that culture in the university towns, but it got really bad when Californians fleeing the mess they'd made of their own state flocked here in the '70s and '80s. Of course they brought their failed liberal/communist ideology with them and created the failed state we have today.
High taxes, statewide zoning edicts, billions in unfunded mandates, antigun legislation, corruption in the halls of power, the usual landscape of socialist utopias.
The good news is that Eastern Oregon largely ignores what they can from Salem and does their own thing. Not the greatest place for dynamic career types, but reasonable property values and taxes, great schools, agreeable climate, and room to roam unfettered. We still have lots of Mormon influence (good), great hunting and fishing, and responsive local governments and law enforcement.
If you decide it's still too liberal, Idaho is a local call.

Why would anyone even want to buy property in fucking CANADA

>>128465400
00 me too. Quit a shitty job and am sitting in $150000 from my pension. Please Kek collapse it all now

>>128481904
It's the best country in the world

>>128482066
If everything collapses you lose your pension money.

>>128462051
>Canada is fucked
You know the bubble is global, right? Unless you are literally some native running around with stone age tools in a jungle somewhere you are going to feel it.

>>128482206
Cashed out my pension, all assets are liquid

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>tfw when now I'm the guy who owns a trailer park. see you makfs in Sunnyvale soon!

>>128462051
Wow, an actual good thread on present day /pol/

Chinese "hot money" buying up Canadian properties needs to be curbed in the future, before our neighbors become a Chinese colony.

>>128477334
Fuck no. Militias are useless now that it's standard practice for police to infiltrate them. Decentralized cells are the only way to go.