Bank of Canada To Hike Interest Rates

>>132228117
Fixed the unrachived clickbaiters
https://archive.is/h2Eya

File: crying_.gif (6KB, 216x115px) Image search: [Google]

6KB, 216x115px

>>132228152
You're one of god's prototypes.

File: 1497713340149.gif (564KB, 800x430px) Image search: [Google]

564KB, 800x430px

>Diversity is strength

File: 1498426880773.jpg (47KB, 600x600px) Image search: [Google]

47KB, 600x600px

>>132228117
Importing so many immigrants is causing a spike in demand for goods and services paid for by the taxpayer causing inflation. Got to tighten that money supply! Now Shlomo can juice the goyim for even more jew gold to hang around his filthy jew neck.

>>132230731
This is no place for antisemitism.

>>132230909
do you know where you are

>keep interest bellow 1% for 7 fucking years
>I'm sure this won't cause major problems in our economy.jpg

>>132231093

kept 'em low so we could raise 'em face.jpg

File: linux commands.png (241KB, 491x491px) Image search: [Google]

241KB, 491x491px

>>132230909
>inB4

Tfw you´ve got the second housing crisis in 10 years

File: 1498509702186.jpg (53KB, 657x527px) Image search: [Google]

53KB, 657x527px

>>132231188
>1188

this never happpens to me. how come it is always a fucking shitty rcmp racebaiter who gets 'em,

But thats a good thing

File: 1490121624479.jpg (7KB, 250x233px) Image search: [Google]

7KB, 250x233px

>>132228117
It will be like 0.25% raise probably but if a few of those happen some people could get hurt by it.

I'm amazed at how many expensive new houses are going up everywhere starting at 350k for the lowest end and "normal" ones around 400-500k. People getting 30 year mortgages with hardly anything down.

To be honest they deserve to get fucked. The problem is, the gov will just bail them out so theres no consequences for their idiotic decisions.

>>132231344
Nah dude. The government is going to bail out the lenders not the customers. The people buying these shitty overpriced houses are going to get fucked.

>>132231344
in March if you thought you were gonna get 900k for that home you're averaging around 770k right now if you're lucky. Alot of people are going to be hurtin.

Also if anyone gets bailed out it will be lenders, don't listen to macleans.

>>132231344
So Canada is just copying the US 10 years ago?
Sounds right.

File: 1470431977028.jpg (52KB, 309x282px) Image search: [Google]

52KB, 309x282px

So when does Trudeau empty out my savings?
Should have just kept my money in a mattress

File: 1497702916666.png (166KB, 490x313px) Image search: [Google]

166KB, 490x313px

>>132231767
>So
>Sounds right.

Any post that starts with 'so' and ends in 'sounds right' should be disregarded with extreme prejudice.

high-estrogen posters are the worst.

File: 1453158282273.jpg (30KB, 552x254px) Image search: [Google]

30KB, 552x254px

>>132231093
If our dollar rises we are fucked.

>>132232106
Not as fucked as you'll be when your housing bubble bursts.

>>132231338
I use good bait. The truth.

File: face.jpg (10KB, 401x420px) Image search: [Google]

10KB, 401x420px

>>132232361
>her dick

>>132231344
In ontario have to put 20% down also mortgages cap at 20 years now. They are setting up to crash the market and bankrupt anyone who purchased a house in the last 5 years.

>>132231344
There are people out in the country trying to sell shitty homes for over $700,000.

You would have to tear down some of these places completely, but they continue to jack the prices up.

>>132233531
>They are setting up to crash the market and bankrupt anyone who purchased a house in the last 5 years

If you bought a house in the past 5 years given the very open state of the market, you deserve what you get

File: 149795448406.gif (150KB, 245x320px) Image search: [Google]

150KB, 245x320px

Because the cost of debt is increasing, fewer people will be able to afford a mortgage, and banks will tighten their conditions. This by itself will cause the real estate prices to stall, and very likely to decrease. After all, unless the foreign buyers are filling the gap, there will be fewer buyers in the market for the available properties.

>>132228117
It's holiday here, you won't get traction.

File: 132219809.jpg (554KB, 1208x751px) Image search: [Google]

554KB, 1208x751px

>>132233857
Thanks for the advice, xir

File: 1486931623000.jpg (235KB, 1510x2002px) Image search: [Google]

235KB, 1510x2002px

>>132233531
>silver lining

There will be lots of homes the government will buy to house the newcomers.

>>132234036
Anytime fakebrit
Remember to post tomorrow while your neighbors celebrate freedom.

File: 1497876242.png (285KB, 1861x1081px) Image search: [Google]

285KB, 1861x1081px

Ontario Debt Update:

In 2017-18, Ontario's debt is growing by $317.26 every second and will reach $311.9 Billion by March 31 2018.

Your share of Ontario's debt is $21,649.03 and growing.

>>132234224
At least he still has the freedom to post that shitty meme.

File: bloomberg buuble sad frog edition.png (25KB, 276x256px) Image search: [Google]

25KB, 276x256px

The US FED is scheduled for another 4 hikes, at least, over the next few years. Canadians with million dollar mortgages are fucked

File: pepedownpayment.jpg (34KB, 500x316px) Image search: [Google]

34KB, 500x316px

>tfw when i have my down payment ready for a market crash

File: 081.jpg (19KB, 620x465px) Image search: [Google]

19KB, 620x465px

I suppose once you can convince yourself of the reality of the female penis, it's easy to believe your crackshack is going up in value $500 per day.

But the delusional state required to believe these things is costly and some leafs are about be able to assign a number to that cost.

>>132235913
It's going to be comfy as fuck to watch retards around me wash out spectacularly.

File: whiny spoiled loser.png (321KB, 431x392px) Image search: [Google]

321KB, 431x392px

>>132237796
The should pass a law limiting the chinese to 2 houses a piece. But that would be like saying 'no' to china, something your government apparently can't do.

File: 1498256541464.jpg (20KB, 480x480px) Image search: [Google]

20KB, 480x480px

Any canuck who hasn't put all his savings into bitcoin deserves to be poor.

>mfw each leaf buck is worth 0.40usd and btc hits 5k

>>132238481
I bought bitcoin when it was a $.06.

>>132238760
>>132238760
And you still have them or sold when they hit like 200?

Canada anons. Is there any legitimacy to this or is it just /pol/ hoping Trudeau will get some bad press?

File: 1487558711830.png (432KB, 1858x1082px) Image search: [Google]

432KB, 1858x1082px

Friendly reminder:

Speaking out against the rape and looting of your country is against the law.

>>132228117
Fucking finally, I've been sitting on a downpayment while everyone I know has been buying in. Now they are going to get fucked because they stretched themselves too thin while I get a reasonable price.

>>132239074
If only there was some type of engine that could search for these things and help you confirm them. Perhaps a web of information displayed on screens might have the answer you seek, if such a thing could ever exist.

>>132228117
Just yesterday saw a headline on I think Globe and Mail paper about a "mini boom" for the economy.

>>132239279
They told you that to get you ready for this. you were being prepped.

It's all a part of the game.

>>132239115
>>132234453
can you post more of these from different nationalities? They always crack me up

>>132231344
We tried this in America once and it caused the massive housing collapse in the early 2000's. So good luck leaf. Hopefully you make good money so you can go around buying up foreclosure's and renting them out

>>132228117
The whites of Canada will be better off under Chinese rule than they are under (((Globalist))) rule at present.

>>132239222
problem is there will be a thousand results saying Canada is doing great. And a thousand saying Canada will be third world in 5 years.

Economists are more wrong than meterologists

File: 1489869797248.jpg (224KB, 1301x890px) Image search: [Google]

224KB, 1301x890px

>>132239471

Canada have immigration laws?

>>132239593
>Canada have immigration laws?
They are extremely strict actually from my experience. Only Chinese people and middle eastern "refugees" seem to be able to enter whenever they want

Did the green party end up getting that huge foreign investment tax in yet?

They better do it soon.

The green party were going to tax all chinese homebuyers 30% if I remember correctly

>>132239568

That's the good thing about numbers, they don't lie. Hence all the AIs end up racist.

>inb4 you argue that 4+4 can be added in such a way to not get 8.

>>132239717
They are strict if you aren't willing to work for less than minimum wage or cheaper than a Canadian citizen in general.

>>132228152
fucking god tier poster, this guy

>>132239717
It's literally impossible to immigrate here if you are white.

We have Gender Based Analysis + an NGO funded by George Soros who decides who comes in based on combating privilege and other SJW nonsense.

This country is fucked.

The good news here is that the working class is more racist and militant than in any european country. I think that's why we haven't had a terrorist attack here. They hit countries like france and germany because they know there won't be retaliation.

File: 1487559836403.jpg (2MB, 1970x1200px) Image search: [Google]

2MB, 1970x1200px

>>132239471

I only have the two Canadian ones. I didn't see the other one before I posted mine haha. Just woke up, still half asleep.

File: IMG_1077.jpg (152KB, 600x400px) Image search: [Google]

152KB, 600x400px

>>132233688
>unless the foreign buyers are filling the gap
I buy three and my brother buy three. Very auspicious digits btw

File: the detailed canada briefing.png (2MB, 3376x5560px) Image search: [Google]

2MB, 3376x5560px

>>132240115

pic related covers it all. What has happened and what is happening in canada

File: 1497983257763.jpg (166KB, 640x640px) Image search: [Google]

166KB, 640x640px

>>132240373
The Bogs aren't even hiding it anymore.

Luckily I am equally loyal to both...

>>132240382
I can get a british ancestry visa and come to the UK once I've milked all that I can from this country.

I literally care nothing for Canada I would only go to war for the English bloodline.

File: 20170703_085344.png (1MB, 949x748px) Image search: [Google]

1MB, 949x748px

>>132228117
I drew this propaganda poster rough draft (not completed) for my political party, what do you guys think?

>>132239717
>>132239959
>>132240115
I know that some Hispanics are immigrating to Canada to work on civil constructions.

>>132241292
Running for school president?

>>132241249
>I can get a british ancestry visa and come to the UK once I've milked all that I can from this country.

What you save on heating and overpiced food would cover the cost of the move in a year.

No joke lad.

File: withjews.png (3MB, 775x7566px) Image search: [Google]

3MB, 775x7566px

>>132230909

File: wester_alliance.jpg (248KB, 1994x1800px) Image search: [Google]

248KB, 1994x1800px

>>132228117
/pol/:

Due to the distinct differences culturally, politically, and economically between western and eastern Canada, myself and a group of other Western Canadians are starting a libertarian movement called the Western Alliance, which proposes that British Columbia, Alberta, Saskatchewan, Northwest Territories and the Yukon secede and become one single independent nation, in charge of our own destiny.

If any of you are interested in supporting our movement, check out the official Western Alliance Twitter account: @WAMovement . If you're interested in joining, dm the Twitter account.

File: twitter_oil.jpg (663KB, 1249x937px) Image search: [Google]

663KB, 1249x937px

>>132241514

>>132241459
Aye but right now my only skill is that I'm an electrician and electrician in Canada is a great job that makes bank but in England it pays shit because of romanians and other non-anglos.

I'm going to go to university here and get a psych degree, supposed to be one of the fastest growing jobs in UK and in Canada they will let me do my undergraduate in 2 years since I'm already a journeyman Electrician.

That's my plan anyway.

File: twitter_mountains.jpg (2MB, 1249x937px) Image search: [Google]

2MB, 1249x937px

>>132241514
@WAMovement

>>132240115
This. When terror is attacks happen the news hides it, if the public finds out there's always massive outcry.

File: twitter_ukraine.jpg (315KB, 500x375px) Image search: [Google]

315KB, 500x375px

>>132241514
"We cannot forsake our ancestors - we deserve independence. For the WESTERN ALLIANCE."

Ukrainian language poster for large Ukrainian community in western canada.

File: twitter_farm-1.jpg (2MB, 2297x1531px) Image search: [Google]

2MB, 2297x1531px

>>132241514
Join today!

@WAMovement

File: image-18.png (58KB, 704x532px) Image search: [Google]

58KB, 704x532px

>>132241514
Join today! Twitter:

@WAMovement

File: IMG_1202.jpg (30KB, 480x360px) Image search: [Google]

30KB, 480x360px

>>132242168
Can I be an MP?

>>132242384
If you're interested in joining, dm our Twitter page, @WAMovement

File: 1498495742851.jpg (18KB, 400x299px) Image search: [Google]

18KB, 400x299px

Western Alliance looks like a poorly done honeypot to harvest info on dissenters

Who is your Mr Big and what must I do to meet him?

File: IMG_0396.jpg (38KB, 290x350px) Image search: [Google]

38KB, 290x350px

Rates go up, rates go down.

>>132242692
>libertarian honeypot

Yes because being pro small govt is definitely against the law, right? Plus, secessionist movements are 100% legal in Canada.

Nice try trying to discourage people from joining a genuine movement vying for feasible change though.

File: 1497708409445.jpg (59KB, 896x921px) Image search: [Google]

59KB, 896x921px

>>132241774
>I'm going to go to university here and get a psych degree, supposed to be one of the fastest growing jobs in UK

Imagine going for psychiatric help and getting a man from the land of the female penis where dogs get blown and bacha bazi happens in gay bars.

You should learn to do our accent and talk like a normal human before you come here.

>>132243224
>doc I want to kill myself
OH SORRY!
>doc I really need help
SORRY!
>what am I going to do
OH SORRY EH!

>>132239526
A guy at work bought a home in Phoenix. He rents it out and it's value has gone way up. The same opportunity is coming here. This time I intend to get in.

>>132243410
>Go in with one mental problem
>Leave with multiple

What a deal.

>>132231303
The first one isn't even over yet.

>>132228117
I knew it was gonna happen...

>>132241292
its alright, what political party are you with?

>>132243840
See >>132241514

>>132233688
>After all, unless the foreign buyers are filling the gap
Ding ding ding! We have a winner!

Canadians don't buy canadian homes. Chink millionaires do.

>>132239164
Except they'll probably try to re-inflate the bubble by importing 50 million "refugees" and printing money for them to buy houses.

>>132233531
>>132231344
>>132233650
My cousins recently brought a house in Quebec along with their friends, how fucked are they

>>132238179
The government should pass a law hiking foreign property tax up 65%. But they won't.

>>132244097
I live in Ontario so I don't know how Quebec is going.

They're certainly doing way better than this garbage fucking province though.

I swear to god, if wynne is elected again, I'm fucking done with this country.

>>132241462
Ironic.

Anti-jew post, with pro-jewish anti-christianity elements.

"Christianity is jewish communism" is as retarded as "muh socialism is socialism, Hitler was a communist"

>>132244097
Good news, the Montreal area bubble is just getting started. They'll probably do alright, if that is where they want to live.

>>132240115
Canada is a bunch of good, outdoorsy people controlled by leftist retards.

>>132240373
>the call that saved canadian housing prices

>>132244444
fuck who got

>>132238179
it's the same thing in the US. all the downtown/near downtown predominately white areas are being bought out by chinks forcing whites to gentrify nigger/spic neighborhoods as the housing is cheaper there.

in most places the property values still haven't rebounded to the peak 2008 pre-crash values, but in the areas where chinks are pouring money into they already exceed those prices.

File: Bosnia.jpg (2MB, 1504x2964px) Image search: [Google]

2MB, 1504x2964px

>>132228117
Canada is the next Yugoslavia. Stay away from cities.

File: 1462597677603.jpg (75KB, 640x960px) Image search: [Google]

75KB, 640x960px

>>132244323
I was planning of buying a house within a decade after I finished university so you're saying it's impossible for me then?

File: WIPitGood.png (38KB, 1090x545px) Image search: [Google]

38KB, 1090x545px

>>132241514
This was tried in the 80's. Maybe see if there's still latent sentiment.

https://en.wikipedia.org/wiki/Western_Independence_Party

Killer flag, too.

>>132241774
You're just as bad and traitorous as the poos, Nigel.

>>132244624
The problem has grown so bad that the poor are being forced out of areas they need to be in in order to have access to the services they need to suvive. They are telling them 'you don't have a right to live here' when the 'here' part means civilization. I read a UN report on it.

>>132231093
You should see how much money the US fed has been printing since 2009

Oh boy!

>>132231344
I hope it goes to 150%

>>132244835
If I could see a decade into the future I'd have died from cocaine and hookers in the 80s.

>>132228117
Who would have thought

>>132244927
Which one is a killer flag, ours or theirs?

I think the support is still there and growing due to Trudeau.

>>132245412
The one I posted. Not a big fan of yellow and black.

>>132245516
Colours of liberty.

>>132245595
Exactly. Whereas the one I posted is more generalized and not based of the Don't Tread On Me.

Plus is actually symbolizes Canada.

>>132245776
How does it symbolize Canada?

>>132231923
>Passive voice posting should be discarded with extreme prejudice
As a writer and writing tutor, this appeals to me.

>>132228117
>may hike
I really don't give a fuck because I bought and paid for a modest place in the countryside. I guess it will be slightly amusing to watch people with million dollar mortgages flip out though

>>132245983
Keep your estrogen off the page - save it for moistening your ovaries ladies.

File: F7CA8846-C16A-4BE5-969A-7D36712B0FB3-10000-00000B77FF41F24A.gif (1MB, 218x218px) Image search: [Google]

1MB, 218x218px

Mfw I have 250k in savings and want to buy cheap houses.

>>132245165
I'm right there with you. Higher the better

>>132245923
Mountains, wilderness and a beautiful big sky.

File: derp.jpg (8KB, 160x160px) Image search: [Google]

8KB, 160x160px

>>132247189
Holding in CDN...

>>132241514
Let me move to interior BC before you guys separate. BC born Canuck stuck in the Cuckland known as the (((GTA)))

>>132228117
>leafs denied it
No, not really. We know we're fucked. But there's nothing we can do about it. Trudeau is unstoppable at this point unless Fu So Ya projects his spirit into the moon crystal and gives it to a Paladin.

>>132238179
Or they should kick all the Chinese out and hang anybody who enabled them to buy up our real estate in the first place.

>>132244927
This flag is perfect for western Canada. I would proudly fly this flag.

>>132240382
>there is actual, literal, state-sponsored and therefor systematic oppression against me for my skin color and gender
>actually privileged women tell me how privileged I am and how much I use my 'power' to oppress

I seriously can't take this world. like what the fuck

>>132247974
>No, not really.

No really check the archives. Leafposting should be called wrongposting because you're always fucking wrong except this guy>>132243594

>>132247966
Are you me? I want to move back too. Sick of degenerate (((Toronto)))

There is a huge push in Australia to get the government to do something about the housing prices but he government both labor and liberals won't budge on it at all. Makes me think that if they did do something about the foreign investment into housing and the housing market that it would cause a wider economic btfo. This housing bubble meme is so fucking stupid.

>>132247966
Best place in canada is the interior of B.C. brohan

>>132248550
Pepe is a meme. These bubbles are a catastrophe. The demographic shift being forced in canada and the methods used to bring it about are a crime, according to the UN. The people who brought it about belong in court under charges.

>>132247966
>>132248725
>tfw kootenays

>>132240115
A shit load of Peruvians immigrated to Canada.
>In B4 Latinos are not white

Should I watch Blood Sport or Hard Target?

>>132241514
>libertarian movement
Worked exactly 0 times in history
What makes you think it will work now?

>>132249123
Best place desu

>>132248871
>The people who brought it about belong in court under charges.
You misspelled "in the ground under the finest Indian compost"

>>132228117
Why would homes end up underwater? A rate change should only effect new loans. Anyone with an existing mortgage should be fine.

File: Mark-Carney.jpg (67KB, 1236x745px) Image search: [Google]

67KB, 1236x745px

so i havent read anything here but will it be a small rise,, in the UK we have a CANADIAN in charge of our banks so would like to know thx

>>132249519
Shame I'm stuck in Creston, of all places.

Fucking inland rainforest. Shit's humid here.

>>132244209
Hitler literally was a socialist who actually used gibs to great effect during the reconstruction period of prewar Germany. Even down to subsidizing beautiful German women having beautiful white babies to encourage a bolstered population.

Socialism works when jews and niggers aren't involved.

File: chartoftheday_8376_the_most_and_least_worthwhile_degrees_n.jpg (233KB, 960x684px) Image search: [Google]

233KB, 960x684px

>>132243224

A Psych degree, eh?

>>132233531
I seriously hope this happens

average housing prices in Hamilton are in the shitter and it's just fucking insane now. Houses in the ghetto slums costing 500K? They used to hardly move at like 200K and if anything there's even more drug dealers, homeless and prostitutes around than ever before

>>132250552
variable rate mortgages are the majority in canada

>>132252785
>variable rate mortgages are the majority in canada
It's not hard to get a fixed rate mortgage, but people have been convinced by the jew to gamble

>>132242060
too much text, otherwise cool

>>132233663
But my house was only 240,000 because i don't live in hongcoover or pride parade toronto.

>tfw shitty canadian tire credit card because it was the only one i could get with no credit rating and my bank/other banks refused to give me one
>"cashback" is in crappy tire money
>300 dollar limit
>out of no where i get a letter saying i can up my limit, assume it would be like 600 bucks now
>its 2k limit now

What the fug, i mean i took the new limit obviously. Not that i am going to loading up this card with stupid shit, but why the massive increase? I always pay on time and in full, don't use it that often. At least i know i can make a needed purchase on this card or something.

>>132239717
You're kidding right? Everyone lies on their shit to get into this country and we don't even check if they are lying.

>>132254753
I've been seeing something similar going on in the US in the past few years. My guess is a combination of two things. First, it's been long enough since the housing crash and no significant signs of interest rate increases such that lenders see it as an opportunity to collect more feeds, interest, etc. at low danger.

Second, the system as a whole sees this as a way to continue pumping up the credit bubble to encourage enough spending to keep from tumbling into stagflation.

>>132231803
Go extract everything out your bank account then. Lets party like its 1929 up in this bitch.

>>132254892
Guess I'm to honest then

>>132245117
Yea I know. ECB as well. And Bank of Japan. And People's Bank of China. And Bank of England. And so on.

File: image.jpg (42KB, 600x329px) Image search: [Google]

42KB, 600x329px

Fuck my country.

I'm very seriously contemplating running into the mountains with an SKS and a tonne of ammo and living away from all the bullshit.

I love the outdoors, and I'm too autistic to function at school and work and everything else feels hopeless.

File: 516516.jpg (34KB, 447x453px) Image search: [Google]

34KB, 447x453px

>>132255419
most of it is locked in savings so I'll have to pay tax on it, and then declare it as income so I pay more tax

>>132247189
250k in cad, soon to be devalued when they raise min wage to 14$ next year in ontario, A 19% increase. They are artificially trying to induce inflation, the interest rate increase is because a ton of people saw the writing on the wall and ran from the CAD. The increase in value of the CAD is a sham, that will likely reverse...hard.

>>132255816
Okay, what if instead of labeling it as income you instead use it to invest into some foreign holdings and etherium? The tax on taking it out of savings I can't help you with though, that would just have to happen but at least you'd still have some money.

>>132231344
>I'm amazed at how many expensive new houses are going up everywhere starting at 350k for the lowest end and "normal" ones around 400-500k. People getting 30 year mortgages with hardly anything down.
Paddy in Canada here.

This is what happened in Ireland in the years running up to our 2008 property crash. EXACTLY THE FUCKING SAME. Expect to see house prices plummit by 50% in the next 5 years.

>>132240703
AS YOU SHOULD BE

File: bubble chart.jpg (40KB, 918x616px) Image search: [Google]

40KB, 918x616px

>>132231344
Standard CMHC mortgages are now 25 year amortizations with 5% down for the first $500K and 10% for $500-1M. Max insurable is $1M now.

>>132231614
Bong is right on. Toronto housing prices are collapsing. March average was $916K, April 920K, May 863K, first 2 weeks June 807K (that's -13.7% in 10 weeks, -55K/month, a severe crash). Based on MLS data the average will be 760'ish for June and May is the most in demand month, prices historically drop as we go into summer and fall. Sales:New Listnig Ratios have gone from 80% to about 40%, with Leaside now around 25% for Sales:New Listings (historically Leaside is a leading market indicator and every house that lists sells within a few days. 21 Southvale Dr was listed for $1,788,888 in April and sold for just $1.25M a few weeks later).

>>132231767
Canada's Big 5 Banks were all bankrupt and had to be bailed out by the BoC and Fed. The Feds also took $75B of toxic mortgages off the banks books (equivalent to $750B in the US or the entire size of your TARP program).

>>132232106
Dollar won't rise. Bond markets are pricing in a 60% chance of a hike, which means Poloz will cut since he's literally insane (and fucking the female vice governer). He's a trade economist, when the economy is having problem his defacto strategy is to weaken the loonie (ie. reduce rates). He'd rather see a 20 cent loonie than parity to boost exports since we produce nothing.

>>132233531
The 20% is for 2nd homes ie. rentals. Primary is still 5% 0-500K / 10% 500K-1M.

>>132234453
Dyke Wynne's Hydro plan that will cost $1.4B a year to reduce hydro costs by 25% actually involves issuing $30B in additional Ontario bonds (ie debt is actually $350B).

>>132235719
Bubble took 15 years to build. It will crash 50% to start (already down 20% in 3 months) then will grind down over years to likely below the starting point (mean reversion in economics). So those $2M 1000 sq ft Toronto Bungalows will likely come back down to $300K

>>132256223
It's interesting to wonder though if Canada will manage to have a self-contained housing correction or whether it's going to continue until it's part of a major global correction.

>>132252785
This is false. Fixed rates are right now.
>>132250552
>A rate change should only effect new loans.
Canadians usually only lock in their rate for 5 years at a time. After the 5 years is up, you must get a new rate. Also, in Canada you can't walk away from your house. The banks can come after your other assets.

>>132240115
>It's literally impossible to immigrate here if you are white.
It's not impossible but it's hard. You need a degree + masters, but the Canadian government accepts pieces of paper from the University of shitinastaniloopoo.

Your country is being flooded by brown liars.

>>132256429
>self-contained housing correction
What, with the drama teacher as a PM and a dyke as provincial premier of Ontario?

Ontario has more debt than California. It's actually fucked.

File: 1496745709774.jpg (79KB, 500x384px) Image search: [Google]

79KB, 500x384px

>>132256391
good post

>>132234913

Now the harvest begins, all those idiots they let sign for homes with razor thin income margins are gonna get fucked, and the banks are gonna mop up billions in houses they had to do little more then print some contracts off to gain possession of. homelessness wil skyrocket, the economy will be disrupted and the resulting capital flight will result in more bankers and more investors descending in on the chaos like the locust they are and sucking even more wealth out of the general populations pockets.

>>132251169
Sheit I grew up there

The town where old people go to die

File: BIG BLACK CHOC.jpg (135KB, 700x838px) Image search: [Google]

135KB, 700x838px

>>132256498
Wrong, it's government policy to not let in whites. Someone paste the gender based analysis plus program. It's literally designed to only let in poor 3rd world immigrants. 97% of PR immigrants were non-white poor people.

Also the Feds scrapped the Investor Class immigration program over 3 years ago
>muh immigration for economic benefit lmfao

>>132228117

Meanwhile, in those 7 years the housing bubble has grown tremendously because of low rates. Our government literally went out of their way to create a housing bubble by keeping interest rates low and flooding the country with immigrants.

>>132256760
Well, I'd guess that if there is a global correction it would naturally drag your housing bubble in to it. But Canada having an incompetent government doesn't ensure that a national correction would become globally contagious.

It's just an interesting additional piece to the global puzzle because a nice big blowout could have interesting knock-off effects.

File: comparing-the-debt-burdens-of-ontario-and-california-infographic.jpg (170KB, 400x518px) Image search: [Google]

170KB, 400x518px

>>132256498
>Your country is being flooded by brown liars
That is the main reason I can't even get a family doctor here in ON, I will absolutely not take advice from some cunt with a degree from hydrabad online university >>132256760
>Ontario has more debt than California. It's actually fucked.
This is true, pic related, it much worse than this outdated pic

File: 1496337099950.jpg (123KB, 708x768px) Image search: [Google]

123KB, 708x768px

Also Harper passed in the bail-in legislation. So when the market crashes and the banks are insolvent, the banks will seize customer deposits to prop up their Tier 1 Capital ratios to stay solvent while issuing worthless diluted shares that you can't trade/sell.

File: RIP Canada.jpg (122KB, 960x672px) Image search: [Google]

122KB, 960x672px

>Summary

CMHC = Fannie/Freddie Mac

Canadian housing has nearly tripled in 10 years.
A single detached house has gone from about $200K CAD to over $800K CAD.

CMHC has $16B in assets and $946B in liabilities
>60:1 leverage

Banks have lent out a trillion dollars in mortgages for hyperinflated crackshacks while removing any risk of default for them by offloading them to the CMHC (mortgage insurer). At one point, the CMHC allowed 40 year mortgages (in 2008 60% of all new mortgages were 40 year terms), with 0% down (cashback mortgages were a thing with 7-10% cashback), and no maximum loan value. In 2008, over 90% of mortgages were insured by the CMHC (read:

>the entire Canadian housing market is subprime

CDIC = FDIC

Insures up to $100K.

CDIC has $3.4B in assets
CDIC has $679B in liabilities
>200:1 leverage

Both CMHC and CDIC are backstopped by the government.

A 20+% correction would wipe out the CMHC and at least one major Canadian bank as they have uninsured mortgages (already happening with Home Capital, the Canadian CountryWide). A bank being wiped out would wipe out the CDIC.

The CDIC and CMHC being wiped out would require the Canadian government to issue hundreds of billions of loonies in new debt, sending the loonie to sub-50 cents, possibly to 20-30 cents or even hyperinflating.

Update: Toronto prices 2017 are crashing
>March: 916K
>April: 920K
>May: 863K
>June (1st 2 weeks): 807K
>June: 740-60K expected (-~20% in 3 months)
Virtually anyone who bought this year is underwater (lost their deposit and has a mortgage bigger than what their house is now worth).

>The Day of the Rake is here.

File: 1496337099950.png (1MB, 833x642px) Image search: [Google]

1MB, 833x642px

>>132257562

>>132257133
>97% of PR immigrants were non-white poor people.
I know, I came through the PR process this year. They forced me to do an English test despite being from a native English speaking country. I was the only white in the English test.

The only whites that get PR are Irish and French. The British don't want to come here anymore.

>>132257021
Yeah, don't know why anyone wants to start a family here.

My grandpa was mayor for a long time. He made it a better place. I want to see the whole of Canada flourish like he made this town.

>>132257171
>Our government literally went out of their way to create a housing bubble by keeping interest rates low and flooding the country with immigrants.
Rich immigrants, at that.

>>132258251
>Both CMHC and CDIC are backstopped by the government.
I should be sending my CAD to USD or EUR...

>>132258845
>Rich immigrants, at that.
They're not rich. They're coming over and dumping themselves in debt.

Once this shit kicks off, they'll all fuck back off to China and leave you cunts high and dry.

File: topkek.png (401KB, 447x438px) Image search: [Google]

401KB, 447x438px

>>132258598
What country did you come from? How did you get in? Are you gay or mentally ill? If you're a normal white they don't let you in.

>>132258877
>Keeping any assets in the Loonie

File: investor class RIP.png (302KB, 1630x986px) Image search: [Google]

302KB, 1630x986px

>>132258845
>Rich immigrants
HAHAHAHAA

http://www.cic.gc.ca/english/immigrate/business/investors/index.asp

They only let in poor people so they get the votes. The Investor Class was killed in 2014 and there are no plans to bring it back.

>>132259074
Ireland, two year working visa and then applied to PR (educated with engineering degree), straight, white, gun-owning now.

Trust me, they did everything they could to keep me out.

File: GBA+2.png (474KB, 1536x2048px) Image search: [Google]

474KB, 1536x2048px

>>132259283
You're like 1 of 50 they let in a year then. Did you have any "disadvantage" according to the GBA+ program? See pic.

How do you like Canada's shit-tier salaries, sky high taxes and hordes of shitskins? By 2027 Canada will be <50% white. You should have gone to the USA.

>>132228117
It's the low interest rates what made the CAD so shit and therefore the houses so prohibitively expensive...when you keep diluting people's savings for gibs is when you open yourself for foreigners coming and buying the whole thing?

>>132259238
>>132258968
Does that mean that Vancouver's status as a Chink province will diminish? Or will it only get worse?

>>132259544
Because actual Canadians are usually pretty conservative.

>>132259483
That is what I plan on doing, my city of about 130000 is still over 90% white. its held steady for years.

I do agree the liberals will always bring in the votes from minorities always happens. Shame Russia isn't too willing to hack the vote so Trudeau doesn't get another term.

>>132259483
> Did you have any "disadvantage" according to the GBA+ program?
Nope, never saw that before either. Under 30, educated, that was it really.

> Canada's shit-tier salaries
I mean, I get paid twice the average salary so my standard of living is pretty good here. Tax is average compared to back in Europe, but your phone bills and car insurance is astronomical. I paid $80 a month when I first came here with Rogers (smarted out and got it down to $20 p/m) and my first car insurance was $400 a month (now down to $200 p/m). Even at $200 p/m, that's pretty fucking insane until I remember the pakis and chinks driving and causing accidents.

American visas... never looked at them. I suspect they'd be a nightmare to get.

My view of Canada is that if things do go tits up, well sorry but it's your fucking mess and I'm going back to Mother Europe.

>>132241514
>no based Manitoba

Kys you FUCKING KEKS

>>132228117

More like they're going to run off to Guangzhou once the monthlies become unaffordable, having already made shitloads of money off of stupid whites countries.

>>132250624
You're in big trouble. Sorry.

>>132260118
Ah yes, bleed us dry and then go back to your formerly great homeland. Ireland, the land just as cucked as us and yet thirty times smaller.

You're no better than the fucking chinks and pooinloos that come here and don't do shit for the local economy.

File: ree.png (217KB, 680x680px) Image search: [Google]

217KB, 680x680px

>>132233663

Sorry but I'm fucking 28 with a long term gf and we want to stop renting. Currently looking for somewhere under 300k in this town. Which is possible but there's bidding wars where people are paying 50k over asking, in cash.

Fuck the chinks

>>132228117
This is a good thing. Our dollar is in the toliet

File: diversity canada genocide.png (92KB, 640x480px) Image search: [Google]

92KB, 640x480px

>>132259544
Canada's housing bubble is the result of the CMHC, the Canadian Mortgage and Housing Corporation. It was originally designed to help returning WW2 vets afford housing, and also helps build low-income housing for the poor.

The problem is its primary business is issuing mortgage insurance-- allowing banks to offload any risk of losing any money or interest by having the CMHC, which is backstopped by the Canadian Government, take off that risk. That's why if you buy a house with less than 20% (>80% LTV mortgage) the banks force you to buy CMHC insurance (another $10K or so). The insurance does nothing to help you, it just protects the bank. This is the same moral hazard that led to the US bubble with Fannie/Freddie Mac (CMHC is the same thing). Except the CMHC has only $16B in equity yet $945B in liabilities, so it's leveraged 60:1. Less than 2% in claims would wipe it out and make the government have to bail it out by increasing taxes on taxpayers or issuing emergency debt in the bond markets, causing the loonie to crash.

Now that prices have dropped from 920K in april to about 750K and will likely hit 500-600K by the Fall (a severe, severe crash that the BiS has been warning about), the banks will be forced to liquidate their mortgage books which will crash the market even further, and the CMHC insurance claims will start flooding in.

It will the crisis of the century for Canada. Major happenings.

Thankfully we have diversity, which will save us.

>>132230909
This 100%

>>132228117
Well maybe the Chinese will do a better job of running this garbage heap than our actual CAnadian representatives

>>132260596
Why? You're absolutely hellbent on destroying yourselves. At the very least, I'm propping up your economy with my education, skills and taxes and taking little back in return.

>>132250624
The first thing Carney did was pump up your housing market. He will keep pumping it then BTFO out of the BoE once it starts to crash.

It's how he opeartes

>>132234453

>my share

>go throw school and Msc debt free
>I somehow still have debt

wtf

>>132260863
Because you COULD stay here and help rebuild it anew. But you won't, and nobody will. It's always the original country over Canada. We're a fucking second fiddle country that'll be deserted once the economy goes south.

And "we're" not hellbent on destroying ourselves. I'll bet you my nutsack that the average Canadian is ten times more rightwing than almost anyone in Ireland. We're just infested by a parasite. We can be purged.

>>132260936
>go throw school and Msc debt free
>I somehow still have debt
Let me tell you about the jew...

File: 1469248685727.gif (897KB, 800x430px) Image search: [Google]

897KB, 800x430px

>>132228117
leafs just cant stop losing lmao

>>132238179

I may know nothing about economics, but is it such a silly idea that people without citizenship shouldn't be allowed to own property in said country?

>>132261165

>We're a fucking second fiddle country that'll be deserted once the economy goes south.

On the bright side, at least if the economic migrants go the Muslim refugees will be with you forever :)

>>132261165
The average Canadian in the prairies perhaps... but Ontario? Ontario is absolutely gone and they're 1/3 of the population. Then you throw them French fuckers in on top of it. I wish you all the best of luck with your purge, but I doubt it will happen. I'd happily contribute my guns to the cause if it did.

> I'll bet you my nutsack that the average Canadian is ten times more rightwing than almost anyone in Ireland.
I dunno man, we're still arguing about abortion at home.

>its the chinks fault

It's actually dumb boomers buying second/third/fourth homes/condos on credit.

They take the equity of their existing homes, lines of credits, whatever they can get their hands on. Some are even using credit cards lol. The logic is that housing prices will never go down and that it's guaranteed money, 20% plus returns yearly.

They are not taking liquidity into account considering real estate agents can take 5-6% off the top, plus it takes weeks if not months to close a deal.

Are there some foreign investors? Probably. But the majority is dumb, greedy boomers.

>>132261307
I always thought that was kind of a good idea. Or perhaps some compromise about only owning primary residence or having to pay punishment taxes or something.

>>132261307
It's a dumb solution to an artificially caused problem.

The main issue is the total centralization from governments, it makes it way more convenient to live in the capital city than trying to live in a smaller city or a village, you're going to pay the same taxes, have the same regulations, so obviously companies will settle the jobs in the capital city, creating rural flight.

This creates an excess of demand for apartments, this excess of demand is not addressed quickly by the market because of building permissions, regulations, etc, being slow as hell, up to 2 years in some cases before you can lay the first stone.

All these and more matters lead to poor people being excluded from cities and eventually from the economy altogether, as there's no economy elsewhere.

Your solution will not just fail to work, but it will lead to corruption, lobbying, and not attracting investment is never a good idea irregardless.

>>132241514
what about Manitoba?

File: 1496253373345.png (594KB, 700x885px) Image search: [Google]

594KB, 700x885px

>>132261307
>without citizenship
Bill C-6 just passed, allowing someone to become a citizen within 3 years of entering Canada.

Terrorists get to keep their citizenship (Harper changed it so they'd be stripped and deported to their shitholes)

People under 18 and over 54 don't have to show any proficiency in English or French (from under 14 to over 62)

Time in country before you get Permanent Residency now counts as time towards citizenship. Before you'd have to get PR, then wait 4 years. So before someone could come here and work for 2-3 years, get PR, then 4 years later they get citizenship (6-7 year wait). That was already short. Now it's a Phillipino Tim Horton worker comes in on a TFW for 2 years, applies for PR, gets it, now they only have to wait 1 more year before they're a full citizen, eligible for that juicy tax-free $7000/year kid payment (from 0-18 years), welfare, free health care etc.

>>132262164
>People under 18 and over 54 don't have to show any proficiency in English or French (from under 14 to over 62)
wat

>>132262164
>Time in country before you get Permanent Residency now counts as time towards citizenship.
wat

>>132262164
Yow. That's pretty horrible.

Good grief. Maybe I should make sure to visit Canada one last time in the near future before it's gone entirely.

>>132257562
This only affects unsecured deposits

CDIC insures up to 100k per bank, you are guaranteed that money.

Some of the larger banks own multiple bank companies and they are all insured.

That being said if you have over 100k in cash in a bank account, you've either fucked up or are super rich to the point where it doesn't matter if you lose it.

>>132262164
>Allow permanent residents who had spent time in Canada on temporary status, such as on a work or study permit, to count up to 365 days of this temporary status towards the residency requirement.
>Remove the ‘intent to reside’ provision, which previously required new citizens to state that they intended to reside in Canada.
>Eliminate the government’s ability to revoke citizenship from naturalized citizens who hold dual citizenship on national security grounds, which the now-governing Liberals had said created a two-tiered citizenship system when in opposition.
>Permit children under the age of 18 to apply for citizenship without the support or consent of their parents.

Jesus Christ Canada. And you're not hellbent on destroying yourselves?

Every single chink and paki is going to claim citizenship and then fuck back off to their shitholes.

>>132262164
>for every day during which the person was physically present in Canada as a temporary resident or protected person under the Immigration and Refugee Protection Act before becoming a permanent resident, the person accumulates half of a day of physical presence, up to a maximum of 365 days;

If you don't have a good paying job and a degree you aren't getting permanent residency. Hope this helps. Please learn how the immigration system works before criticizing it.

>>132262164
wat da fug
Side-note, I finally left my small town (for Canada Day) and holy shit, Calgary looks like a fucking mashup of Brazil and China. Almost zero white people, they must have all fled.

File: pissed_poo_bear.jpg (85KB, 400x550px) Image search: [Google]

85KB, 400x550px

>>132262391
>Good grief.
>visit Canada one last time in the near future before it's gone entirely.
There might not always be country folk like myself holding out anon, we are a dying breed and our votes don't count, burgers are welcome anytime to hangout on my property and shoot at shit, make it soon though.

>>132240382
That thread was such a huge redpill and seeing pic related only makes my threat burn even more.

>>132244183
i just got back from a weekend in quebec city and even further east. all is not lost, trust me. it is a totally different world once you leave the shit parts of ontario and bypass montreal completely

File: 1386066922430.png (18KB, 208x195px) Image search: [Google]

18KB, 208x195px

>>132260724

So, how do we maximally profit from this when shit hits the fan?

How's the housing market in Alberta?

>>132262782
>If you don't have a good paying job and a degree you aren't getting permanent residency. Hope this helps. Please learn how the immigration system works before criticizing it.
Nope

This is how it works, and I know because people in work tell me

> Father has good paying job in xxx with degree from University of Mumbai
> Applies for PR
> Gets accepted with his family
> Sends kids to Canada to be educated
> Meanwhile, the rest of them are still in India
> Kid graduates and oh look, is a Canadian
> Brings over rest of family for free healthcare under family immigration law

Chinks and pakis should be barred from entering Canada full stop.

>>132261607
You can't talk, Dad. You have a muslim mayor.

Is anyone able to tell me exactly why Ontario's debt matters in an environment where interest rates are less than 3%?

Is Ontario going bankrupt? No.

How about Illinois? They don't have as much debt as we do. Yet their bonds are going to be demoted to junk tier and pensions are going to be unfunded because, surprise surprise, their population is full of /pol/ tier retards who hate government.

>>132263545
>interest rates are less than 3%?
for how much longer?

>>132262164
RCMP is now hiring non-citizen PR's now.

>don't have to speak English or French to be a citizen
>don't need to be a citizen to join the federal police

Ottawa hired a nog with a dubious history to pacify blacks and PC crowd after they killed one of them

http://ottawacitizen.com/news/local-news/ottawa-police-background-investigator-resigns-says-somali-canadian-hired-for-political-reasons

>The investigator’s report found that the applicant had a handful of speeding infractions, four licence suspensions and had attempted to get a new licence while his was suspended. Benson found 16 convictions under the Highway Traffic Act.

>Benson also raised red flags regarding a 2013 incident where the applicant falsely phoned police, according to the report. Police found he had a history of negative behaviour when pulled over by police and that he had several different dates of birth on file.

?Benson also found inconsistencies in the application. The applicant had said he was selected by the Somali government for a program, but the report found that a friend had actually been selected and that the friend asked the applicant to go in his place instead.

>The application was, however, supported by multiple letters of recommendation from people already employed at the police force.

>Benson’s letter of resignation says: “I have lost faith in the integrity of the constable selection process .”

>>132261694
In urban Ontario, maybe. Rural Ontario on the other hand?

>>132263305
>This is how it works

>Father has good paying job with degree
>Kid pays international tuition, gets a Canadian degree and wants to stay in Canada

Thanks for confirming what I just said

File: 1496051258531.jpg (185KB, 864x1026px) Image search: [Google]

185KB, 864x1026px

>>132262325
https://www.canada.ca/en/immigration-refugees-citizenship/news/2017/06/bill_c-6_receivesroyalassent0.html

>Applicants between 18 and 54 years must meet the language and knowledge requirements for citizenship.
>Applicants <18 and >54 don't have to speak any English or French or pass the citizenship test.

>>132262373
>Applicants may count each day they were physically present in Canada as a temporary resident or protected person before becoming a permanent resident as a half-day toward meeting the physical presence requirement for citizenship, up to a maximum credit of 365 days.

Applicants had to be physically present in Canada for 183 days in four out of the six years preceding their application.
>This provision is repealed. Applicants no longer have to meet this requirement.

>3
>YEARS

File: 1482005206907.jpg (20KB, 362x357px) Image search: [Google]

20KB, 362x357px

>>132228117
Trudeau at least as a leader understands that black cock is expensive so to keep up the gib me dats he has to sell out the nations land and gold reserves.

>>132263603
>Rural Ontario on the other hand?
Us pissed of rural cunts are not going anywhere soon.

>>132263583
Do you know how fucking government debt works retard?

Any debt we issue TODAY is 3% for 25+ YEARS

We are STILL paying off 6-7% bonds from 2000's and we can't get rid of them by reissuing new bonds

File: dayofrake.png (102KB, 578x435px) Image search: [Google]

102KB, 578x435px

>Quick Rundown

CMHC = Fannie/Freddie Mac

Canadian housing has nearly tripled in 10 years.
A single detached house has gone from about $200K CAD to over $800K CAD.

CMHC has $20B in assets and $946B in liabilities
>50:1 leverage

Banks have lent out a trillion dollars in mortgages for hyperinflated crackshacks while removing any risk of default for them by offloading them to the CMHC (mortgage insurer). At one point, the CMHC allowed 40 year mortgages (in 2008 60% of all new mortgages were 40 year terms), with 0% down (cashback mortgages were a thing with 7-10% cashback), and no maximum loan value. In 2008, over 90% of mortgages were insured by the CMHC

>the entire Canadian housing market is subprime

CDIC = FDIC

Insures up to $100K.

CDIC has $3.4B in assets
CDIC has $679B in liabilities
>200:1 leverage

Both CMHC and CDIC are backstopped by the government.

A 20+% correction would wipe out the CMHC and at least one major Canadian bank as they have uninsured mortgages (already happening with Home Capital, the Canadian CountryWide). A bank being wiped out would wipe out the CDIC.

The CDIC and CMHC being wiped out would require the Canadian government to issue hundreds of billions of loonies in new debt, sending the loonie to sub-50 cents, possibly to 20-30 cents or even hyperinflating.

The Day of the Rake is nigh

>>132263991
obama leaf plz go

File: PR LOL.jpg (46KB, 600x478px) Image search: [Google]

46KB, 600x478px

>>132262782
>muh reasonable skilled 300,000 immigrants
Even the lies the government tells us imply Canada is taking in 1% of its population each year in the form of non-whites.

So USA 7.5k, UK/colonies 5.5k, France 6k, Russia 2k, ~21k. Add some other random countries, 25k total.

Maybe half of those are White non-muslims. 12.5k

So 12.5k / 300k were whites, or 97% non-white 3rd world migrants.

And that's the PR class. There's the Temporary Immigration class which is the same as PR, as they're given 10-year dual work/live visas with no restrictions. Canada let in 1.2M of those in 2015.

>>132263991
>Do you know how fucking government debt works retard?
Don't try to expain the kike madness anon, just gear up and wait for the gov cheques to start bouncing

>>132263666
You pay regular tuition with PR

File: CANADA CUCK WAGES.jpg (48KB, 668x501px) Image search: [Google]

48KB, 668x501px

>>132262782
Here's one objective that's being met: Canadian wages are among the lowest in the G7, our tax burden among the highest, and we are the most unproductive workers among developed economies.

Our wages are complete shit, the average Canadian earning $29,000 before taxes. In Quebec taxes go as high as 58.75%.

Skilled Immigration is not about fulfilling job shortages-- that's a myth. We have 4 million unemployed. Here's proof that "Skilled" immigration is a farce.

http://www.cic.gc.ca/english/resources/reports/ee-year-end-2015.asp

Express Entry for skilled immigration, ie. the cream of the cream of the cream of the crop for Canada's skilled immigration policy:

Top 10 Invited Occupations Number# %
NOC6311 - Food service supervisors 2,356 8%
NOC6322 - Cooks 2,295 8%
NOC2171 - Information Systems Analysts and Consultants 1,255 4%
NOC2173 - Software Engineers 940 3%
NOC2174 - Computer Programmers and Interactive Media Developers 935 3%
NOC4011 - University professors and lecturers 745 3%
NOC6211 - Retail sales supervisors 669 2%
NOC5241 - Graphic Designers and Illustrators 550 2%
NOC1111 - Financial Auditors and Accountants 494 2%
NOC1112 – Financial and Investment Analysts 446 2%
Top 10 10,685 38%

>Cooks
>Food Prep supervisors (aka Tim Horton cashiers)
>Retail sales (cashiers)
>IT/coders, further depressing Canada's ultra low coding salaries

>>132264211
You aren't allowed to whine about government debt if you don't know how it works anon.

>>132263243

Relatively speaking
Already depressed isn't it?

Asking for people

File: diversity cuckstrength.jpg (318KB, 1040x585px) Image search: [Google]

318KB, 1040x585px

>>132262782
Now for the "controlled" and "reasonable 250-300k" immigrants. This is a lie by omission, and in fact we let in 1,231,041 3rd world migrants on 10-year unlimited stay/work VISAs that count as "temporary immigration" which is never publicized.

http://www.cic.gc.ca/english/resources/publications/annual-report-2016/index.asp

>We will also continue to welcome those who come to Canada temporarily. Canada has always been a popular destination for students, workers and visitors from around the world, and this popularity is growing at a remarkable rate. In 2015, Immigration, Refugees and Citizenship Canada processed more than two million temporary resident applications and extensions. Temporary immigration represents a significant contribution to Canada’s labour market and to our economy in general. We are committed to improving processing times and meeting the challenge of more and more people applying to come to Canada.

>As of December 31, 2015, citizens from 149 countries and territories required temporary resident visas to visit Canada. In 2015, IRCC processed applications (new and extensions) from 1,588,590 persons seeking temporary resident visas to come to Canada, 82.3% of which were approved. IRCC continued to be successful in promoting the use of multiple-entry visas, which are valid for up to 10 years and allow applicants from visa-required countries to travel to Canada more frequently and on their own schedules. In 2015, a total of 1,231,041 multiple-entry visas were issued, which was a 21% increase from 2014. Effective February 6, 2014, a policy change automatically considered visitors to Canada eligible for a multiple-entry visa. IRCC also introduced a single fee for the processing of a temporary resident visa applicable to both single-entry and multiple-entry applications.

Canada gave 10-year unlimited stay duration with full work privileges (=PR) to 1,231,041 3rd world non-white migrants. People from rich countries don't need visas.

>>132263305
Student Advisor at a Toronto College reporting in. Here's what the international students do.

>student study permit for a college degree (2-3 years)
>work permit after (2 more years)
>go back to school for a degree (2.5 more years)
>work permit after getting degree (2 more years)
>apply for Permanent Residency at anytime/multiple times during these 9.5 years of schooling/bullshit tim hortons jobs
>guaranteed to get Permanent Residency at some point
>by year 2 of their schooling they've accumulated there max 365 of banked days, so they just need to wait 2 more years to get their citizenship after obtaining their PR.
>most of these students will start getting it by the time they graduate from their degree now.

This isn't even taken into consideration graduate level studies which can extend their stay for another loop. The only consolation is that international students pay triple the cost of tuition until they get their Permanent Residence. but that's a shitty silver lining since most don't go back to school for a degree until they have their PR.

tl;dr they colleges and universities are 3rd world money extraction machines

>>132262164
So immigrants that libs imported can vote in the next election, eh?

Fuck.

>>132261694
It's simple logic. Leftist Canada isn't sustainable. It'll collapse soon, and we already see it starting.

>>132264682
This. And the bank supports 3rd wielders by giving them huge personal loans with no capital to support themselves and their tuition. It's a giant scam.

File: metropolis goy.webm (3MB, 1500x632px) Image search: [Google]

3MB, 1500x632px

Late 1990s:

>White European Canadians were a 90%+ majority until the 2000s and Canada was conservative, no LGBTQ+ bullshit
>All of a sudden, start seeing Africans, Muslims, Pakis, Chinks, etc everywhere
>Multiculturalism expands to hyper levels, every school/university/work place/government agency starts ramming diversity down our throats
>House prices start accelerating
>Wages start decreasing

Fast Forward 2017

>Toronto 30% white
>Vancouver <40% white
>Syrian Refugees 24/7 on TV/news
>White people can't find work, it's all non-whites getting jobs
>Average house price is $1M+ while salaries are 50K-60K max
>Refugees driving BMW and Mercedes
>Most Universities have non-white majorities
>White Europeans down to 65-68%
>Whites will be <50% by 2027
>Nobody really knows why this is happening so fast, government always touts (((250-300k))) "reasonable" immigration a year
>But nobody has ever heard of a white person immigrating in the last 20 years

Now

>Turns out Canada is letting in 750K on permanent residency a year via various immigration schemes not publicized
>Canada lets in 1.2M a year on "temporary immigration" that's 10 year work/live visas that lead to citizenship that aren't even counted in public statistics
>Turns out secret GBA+ (Gender Based Analysis Plus) program is forced down every government decision maker including immigration officers to discriminate against straight whites
>Turns out 97% of immigrants are poor non-whites
>Turns out there is a secret organization called the Metropolis Project that holds an annual conference of 1,000+ government bureaucrats with the sole objective of letting in as many poor non-white migrants a year
>Turns out this organization started in 1998, around the time of the change
>Turns out George Soros started and funded the Metropolis Project through his Open Societies Foundation
>Government passed M-103 anti-Islamophobia motion, setting road to criminalize any criticism of migration policy

You are here.

Ameribrah here and this is a fascinating thread.

This bs disgusts me because we're in the same boat over here. All you regular, working Canadians who are fed up with this kinda bs are my brothers. Who knows what the future has in store for us but I'd fight along your side if it came to that.

>>132264329
>You aren't allowed to whine about government debt if you don't know how it works
Fuck off kike, I know a ponzi game when I see it. Just a total (((coincidence))) that the jewgle spell check says 'ponzi' is not an english word

>>132264801
Yup and Canada actually let's in about 800-850K non-whites a year that end up becoming citizens each year

The 300K number they tout are direct PR immigrants via economic/family, people that are here already via the dozens of other programs then get PR aren't counted

>>132264908
>Refugees driving BMW and Mercedes
I had an Aussie friend here who commented on this. Young poos driving beemers and working in Timmies.

Unsustainable

File: IMG_20170703_162416.jpg (2MB, 1872x3328px) Image search: [Google]

2MB, 1872x3328px

Toronto waterfront right now.

The only other white male I saw was holding the hand of a Chinese dude.

This country is fucked.

File: 1498428032303.jpg (61KB, 670x503px) Image search: [Google]

61KB, 670x503px

>>132264908

I don't even feel angry anymore. I'm past that. I feel as we deserve every second of that nightmare. May the few innocents die quickly.

File: 1486238237662.png (300KB, 797x822px) Image search: [Google]

300KB, 797x822px

>>132228117

File: 1494972599872.gif (4MB, 350x350px) Image search: [Google]

4MB, 350x350px

>>132265097
A "refugee" family w/ 5 kids gets pre-tax equivalent of $284,000/year (free housing, free luxury health care, vision, dental, $10K/month cash via welfare/child benefits/HST refunds etc, even free fucking university, free clothing/food from gov-sponsored refugee centers,etc), a start-up cheque of about $25,000 cash and can bring $20,000 cash with them as well. Most of them work on the side as well in kebab shops for cash.

>>132265074
Apparently you don't

File: 734-2837.gif (55KB, 320x240px) Image search: [Google]

55KB, 320x240px

>>132256391

Wow $916k for a house?

So in American dollars that would be $10 bucks?

File: toronto classroom ai.png (249KB, 440x440px) Image search: [Google]

249KB, 440x440px

>>132265536
Toronto Classroom
>0% white

>>132230909
jews did 9/11

File: 1494014112509.jpg (102KB, 1142x825px) Image search: [Google]

102KB, 1142x825px

>>132265843
$700K USD or so

This one would run you close to $4M USD

>>132245168
According to your ID it would have involed kOk apparently

>>132258251
Great post. So how do (((we))) get in on it?

>>132241774
Jim?
Fuck man its RB

File: 1494188645527.jpg (942KB, 1462x1462px) Image search: [Google]

942KB, 1462x1462px

>>132228117
RIP Canadian debtors.

>>132249234
They're not.

>>132241459
ontario electrician here too. ama fgt

>>132241774
see
>>132269634
my bad

>>132241606
IS THIS A REAL THING? I've wanted this since I was 10.