CANADA YES! Leaf Real Estate crashing and burning

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>>134474332

PLEASE GOD LET IT BE HAPPENING

I've waited the past two years for this moment

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>>134474494
Beautiful

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>>134474332
There needs to be a correction in VAN/GTA there are lots of parts of Ontario that are undervalued imo.

Kek rip in pepperoni faggot leaves

>>134474332
I think the real question is how can one take advantage of this?

Do they call these mortgages sub prime or have your (((banks))) come up with another euphemism for their ponzie scheme?

>>134474716
Investigate how people took advantage of the post-GFC bubble in America. Follow the template.

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>>134474684
Maybe we'll get lucky the next time Kim launches an ICBM, he'll miss and hit Vancouver.

When will Trudeau clear out my savings is what I want to know

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>>134474332
Anyone that bought this year is underwater.

For example
>152 Randolph
March, list $1.489M, sold $1.95M
$542/sq ft

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We're headed for a housing crash here as well.

>Hasn't been more houses on the market since 2008-2009
>Prices down 3.1% in June
>No buyers
>Lots of people bought their houses before they sold their old, unable to sell
>Politicians shilling to avoid panic, claiming it's just a slight correction

It's 2008 all over again. Except this time it'll be a fuckton worse because of all the massive local bubbles that have been allowed to grow worldwide.

>>134474716
Wait a few months for prices to bottom then buy.

If the day of the rake is truly here, investing in vices is a good idea too, but I think it's too early to say at this point.

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>>134474860
>>134474332
2 weeks ago, July 4th
>75 Randolph, same street
List $1.499M
Sold $1.265
Lot 45x113, 5,085 sq ft
$249/sq ft
-54% in 100 days

152 Randolph would now be worth $896K, -$1,054,000 in 100 days

>>134474697
Are you kidding? Most of the leafs on /pol/ have been edging over this for the last several years, and are looking forward to releasing their pent-up syrup all over chink homeowners' crying faces.

>>134474716
https://en.wikipedia.org/wiki/Short_(finance)

All about foreign investment tax Canada gonna be great again

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>>134474494
THE FIRE RISES

>>134474332

FUCK YES

Let it all burn. My job is recession-proof, and I do not own a home. If the economy crashes it achieves three good things for me:

#1. Trudeau looks like a fucking clown even more so than he already does.

#2. Housing prices go down so I can purchase a home.

#3. Economic troubles will increase everyday racism and hatred for immigrants.

Nice.

>>134475146
Yes....

Thread theme: https://www.youtube.com/watch?v=Adgx9wt63NY

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>>134474886
>Lots of people bought their houses before they sold their old, unable to sell

This is a huge problem now here too. A lot of people bought 2-3 months ago, and closing is now approaching; buyers are demanding $100/200/300/500K+ in cash from the seller or they're walking away.

That's why listings have tripled in the last couple weeks; sellers who had buyers walk away are desperately re-listing.

>>134474332
greatest timeline
burn faggot leafs

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>>134474332
Lads where will I be able to find these fire sales when the 5 year renewal comes up? Is there a site for this stuff or what? I can pay cash.

Help a fellow leaf out.

>build a market off of overpriced housing
>surprised that it fails.

the elite should all die

>>134475393
see
>>134474999

>>134474958
>>134474860
Who the hell is paying >$1M for these cuck sheds?

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>>134474771
They call them (((insured))) mortgages here.

>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 (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.

>The Day of the Rake is nigh

I case of the real problems they can just print some money, devaluate canadian $ and prices will actually be higher than they are now.

>>134474332
Enjoy your public financed help for banks.

>>134475442
Realtor.ca

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>>134475442
Sorry first dips for internal contacts only :)

Corruption.

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>>134475442
there will be no economic recovery.

Don't bother.

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>>134474332
>http://www.bnn.ca/toronto-housing-chill-extends-into-mid-july-with-sales-sinking-39-3-1.810388
Hello again mate, I enjoy your threads and the enthusiasm you have for the housing crash in Canada.

I too share that enthusiasm and just wish it wouuld spread to other markets such as the US, UK and AUS

God speed anon and may finacial ruin beset the householder

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>moved all my assets into US bonds when Trump got elected
>Bought my house 10 years ago for 200k
>Working in a recession resistant industry
>province is not run by marxist jew and have a budget surplus
>Vive le Quebec

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>>134475620
>Enjoy your public financed help for banks.

Hello Germany, Greece needs another loan extension.

>Canada
>Toronto and not even Vancouver
Even the Chinese realized what a shithole Toronno is

>>134475616
Yep pretty much.

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>>134475442
The banks usually don't advertise them and use realtors to sell. Buyers knowing the house is a foreclosure would give them more leverage

>>134475322
good choice

>>134474999

This.

Literally the only people who lose are incumbent politicians (Trudeau) and rich immigrants.

Fuck them. Let it burn.

>>134475746
Will get a deptcut. But after the german election. So we will help you guys in the end of the year.

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>>134474771
>What's happening now?
The CMHC has been reigned in to a max loan value of $1M, max amortizations of 25 years (from a high of 40), 5% downpayment on the first $500K, 10% on the next $500K (7.5% on $1M).

People have been using "alternative lenders" who loan $2-3M on self-declared income or with fake documents. Now these lenders are blowing up and not making new mortgages, hence prices have stagnated or dropped (as in Van, already down 15% this year).

Once a massive across the board drop occurs, lots of people who are leveraged to the tits with negative/0/5% downpayment 30/35/40 year mortgages will be underwater (they will owe more than they can sell their house for).

>Canadian mortgages are all Adjustable Rate Mortgages (ARMs) that reset every 5 years

When renewal comes up, which is soon for a lot of 2010-2012 mortgages on 40 year terms with negative/0/5% downpayments, they will be forced to come up with hundreds of thousands of cash to bring their mortgage Loan-to-Value back down to 80-95%. 99% of people won't be able to come up with the money, so the bank will write off the mortgage with the CMHC mortgage insurer, who will pay the bank the loan back then take possession of the house and do a fire sale, and then go after the homecuck for the balance which will be hundreds of thousands for life. Bankruptcy can't discharge CMHC debt since it is Crown debt.

In fact, banks can call in mortgages at any time for any reason (lol). So if they see prices dropping, they will pre-emptively call in mortgages and write them off to stay afloat. Once this occurs, it's a race to the bottom as banks are forced to call in more and more mortgages to stay afloat (in order to maintain their Tier 1 capital ratios with marked market values of the houses on their books)

>A significant price drop will put millions of homecucks underwater
>Banks call in mortgages
>Homecucks can't come up with margin
>CMHC bails out banks and dumps toxic houses on market collapsing prices

>>134474332
As a home owner in Canada this leaves me a little bit worried. However I am outside the housing bubble centers, have a stable carreer, purchased my home as a home to raise my family (ie doesnt matter if price fluctuates a bit, it is my home, not an "investment" property).

That having been said, I say let it burn. The sooner our economy crashes and people start getting hungry, the sooner things will change. Problem is with current Canadians this could mean even more cucking and sucking the SJW dick.

I wish Trudeau would develop a brain tumour, and I hope his children die before they can breed. He is a total POS. There is no one single canadian I despise more then this leftist crypto jew shill and his vile cucking and traitorous ways.

The Economy crashing will hopefully wake some of my countrymen up to the disaster of thier policies before its too late for us all.

>>134475537
chinks who want to hide their money from their dictatorship government.

any Ottawa guys?

>>134476259

This.

Canadians have it way too good. We need a bit of poverty in our cities so people turn on Trudeau and his immigrant hordes.

Canadians can be cucked, but we can also turn into outright racists fairly quickly. This should be fun.

>>134476259
>However I am outside the housing bubble centers
You will be fine. I bet this crash was triggered with boomers finally cashing in their chips and moving to the cheaper places.

We need a better Canada we have no anti-immigrant political party.

Is my condo in downtown Ottawa going to be okay?

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>>134474332
>Why a low delinquency rate isn’t the good news real estate story you think

>Low delinquency rates are not an indicator of financial health among households or the economy. Quite the opposite, writes insolvency expert Scott Terrio.

In this way, low delinquency rates are in no way an indicator of financial health among households and the economy. Indeed, the delinquency rate on mortgages in the U.S. reached its lowest level in decades in 2005, precisely when the U.S. housing bubble was at its frothiest and money was easy to borrow. Likewise, mortgage arrears in Ontario just reached their lowest level since 1990, the year Toronto’s last housing bubble popped. In that real estate crash, prices fell close to 40 per cent and took until 2010 to fully recover, after adjusting for inflation.

http://www.macleans.ca/opinion/why-a-low-delinquency-rate-isnt-the-good-news-real-estate-story-you-think/

leafs used to get butthurt over shit like this, but now it's just annoying to have to scroll through leaf hate thread after leaf hate thread.

>>134474332
At least we got our diversity....

>>134475641
>>134475814
Thanks lads appreciate it.

Any recommendations for someone with money to buy? Offer small amounts and hope a few of those houses are fire sales?

>>134476783
What's your LTV (Loan to Value) on your mortgage?

>>134476783
It's a fucking condo bro... You pay rent and own. Fuck that shit.

>>134474629
It's not happening, bro.

>>134474332

You must not live here. Canada is always in a state of financial crisis.

>>134474332
Canada american clay when?

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https://twitter.com/garthturner/status/859606452041904128

The most affected by a real estate collapse will be brampton/browntown. All these guys and their 4 kids are gonna be basically homeless or crammed into another house with 3 other families.

>>134476689

This crash is location specific. Pretty much solely centered on the Greater Toronto Area, and Vancouver. If you aren't a cuck or shitskin that lives in one of these two areas, you will be fine. Literally the only people this will effect is immigrants, Jews, and cucks. Beautiful.

Can Canadians confiscate Chinese paid houses for massive cash boost? Its commies anyway.

>>134476783
If it's one of those ghastly glass buildings on Rideau I hope it gets demolished

>>134476896
>Any recommendations for someone with money to buy?
ammunition and preserved food.

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>>134476896
I wouldn't buy unless you're filthy rich, buying cash and don't intend to sell for 20+ years, otherwise you're going to lose a shitload of money.

If you're mortgaging, you're buying with leverage. If you put 20% down and prices drop 20%+ you lose the house, downpayment and are on the hook for any mortgage delinquency (house price - mortgage) for life.

>>134474860
I'm about to sell my condo at around $700 per square foot, fampai. It's glorious.

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>>134474494

>>134477007
This. I've been waiting for the market to crash before I buy a house. It's been like 10 years...

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>>134477249
In Vancouver perhaps, but not in Toronto

>>134474332
>implying this is bad

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>>134477408
>waiting 10 years for crash
That's because housing and Canada DID crash in 2008, but the government reinflated the bubble. Now it's bursting for good.

>Canada's financial system and banks didn't crash in 2008

That's where you're wrong kiddo.

>http://www.cbc.ca/news/business/banks-got-114b-from-governments-during-recession-1.1145997

>Banks got $114B from governments during recession

>Support for banks 'more substantial than Canadians were led to believe': CCPA report

One of the most well-known ways in which policymakers helped the banks during the crisis is through a $69-billion CMHC program whereby the housing agency took mortgages off the balance sheets of big Canadian banks. In contrast with other support facilities, all of the funds granted by the CMHC were through selling assets (in this case mortgages) to the housing agency. They were not funds that had to be paid back.

The CMHC has provided the aggregate total of how much was given out, but has yet to release specifics on which banks sold how much to them, and when, the CCPA says.

When asked for comment in reaction to the CCPA report, the Canadian Bankers Association noted that the $69 billion that Canada's big banks sold into the CMHC program is in fact only 55 per cent of what was allocated for the program.

>To show the scale of the funding, the CCPA report contrasted the total value of the support Canadian banks took against the bank's total value at the time. Under that comparison, CIBC received $21 billion in support — almost 1.5 times the value of the company at the time. BMO maxed out at $17 billion or 118 per cent, Scotiabank peaked at $25 billion or 100 per cent of its value, while TD and RBC maxed out at $26 billion and $25 billion — good enough for 69 and 63 per cent, respectively, of the total value of those companies at the time.

>>134474716
Short HCG

>>134474332
>Sales volumes have plunged across the GTA in the wake of Ontario moving to cool the market with 16 measures, including a 15 per cent tax on foreign speculators.

So everything working as designed.

Measures to lower sales lowered sales.

Shocking.

>>134477649
Don't give them traffic
https://archive.is/kibwc

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>>134477577
>not knowing the CANADA YES! meme

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>dollar can't recover
>new generation won't be able to afford shit
>violent niggers and shitskins everywhere
>gooks and kikes ruining everything economically
>Russia and China about to smash the petrodollar

It's lit, I'm not even mad that everything is crashing.

>>134477117
It's behind all those

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>>134477069
>If you aren't a cuck or shitskin that lives in one of these two areas, you will be fine
can you explain how this would be?

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>>134477713
Except foreign buyers are <5% of the market and none of the measures curb actual demand.

>>134474332
Good thing your politicians are focusing on pronouns.

>>134477069
Where do you think they'll go after?

We're all dead, senpai, it'll be great.

Who thought bringing in the whole fucking 3rd world would drive down housing prices?

>>134475593
>CMHC has $20B in assets and $946B in liabilities

Surely you mean $20B in equity?

>>134476942
One sold for 270 just like mine. I owe 240 and have 4 years left on 2.39% fixed.

I pay $551 every 2 weeks and $260 a month condo fees so it's cheaper than rent ($14-1600)

>>134477899
Gwaylo, I...

>>134477899
It was a single example.

Measure taken to cause effect.
Effect happens.

Zerohedge predict the end of the world, again using happening effect as evidence.

>>134475271
I'm right there with you. I get paid in USD and I rent. Zero debt, building my savings.

I hope the CAD tanks as much as possible. My income will go farther and I'll be able to buy a nice piece of land in the maritimes. Or maybe my dreams will come true and the prairie provinces will separate and I'll finally have an opportunity to live in a free country.

>>134476896
OK heres my advice.
My plan was explained to me by former realtor, and very good friend. I followed his plan and got about 25% off the market value of a house.

(1) start looking and scanning house prices in January
(2) contact a realtor in March and tell him you intend to buy by december, but you want him to keep you on the radar, and may want to look at houses
(3) look only at bankruptcies
(4) in june contact mortage broker, and start ball rolling on pre approved mortage
(5) you want the pre approved package to come availible approx mid november, early november, it should be good for three months
(6) in ocotber really start looking at houses, two or three per week
(7) by early november, have selected a foreclosure property you wish to buy
(8) put in bid around november 15 - 30
this allows four weeks to go to bankruptcy auction at court,
(9) this is perfect time, at christmas, no one is there except businessman
(10) anyone can challenge your bid at the auction, but if its between christmas and new years, no one will be there, except some business man

in my case, there were three other couples there to bid on houses and a small group of businessmen (eight)
the businessmen approached the three couples, asked what houses they wanted to bid on, and then didnt bid on those houses
all three couples got thier houses for the price they bid!
btw those businessmen proceeded to split up remaining 200 odd houses amongst themselves
so they dont care, they just want the plebs out of the way so they can scoop houses at firesale prices, and they hang out at the cafe, talk to each other, and agree what they are going to bid on before they walk into the court

now i live in a smallish town (30k pop)

anyways point is, bankruptcy auction, mid to late december
no one shows .... whatever you will pay, within reason (court wont accept a bid of 20$, but on a 360k house, they will accept 250k, as long as it close to within reason)

>buy house for 400 thousand
>sell it for 1.2 million
>buy another two houses for 600k each
>sell them for 1 million
Alberta cucks still mad they are literally the poorest province now.

>>134475768
Yeah, OP is making a big deal over nothing. Euphoria is still in full effect here in Vancouver and I'm going to sell my place and just get into a house already. With the down payment I'll get, it's not going to matter all that much.

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>>134478075
Well yes, but I'm going by relative to their contingent claims.

The liabilities are contingent liabilities. They aren't counted on the balance sheet or elsewhere, just noted. Just a byline on the income statement. GAAP/IFRS magic.

>yfw CMHC Q1'17 had just 77 homes defaulted on in all of Canada, population 37M

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>>134474332
>Day of the Rake is here

finally

>>134476259
It only really matters to people in starter homes like condos that intended to get out. If their place loses value, there goes most of the down payment they were going to use... but it's a hole you dig yourself out of. If prices drop, you'll actually be able to save money and not be outpaced by rising prices.

>>134478891
this is /pol/ bro, memes>facts no one cares this thread will just be
>IF YOU KILL YOUR ENEMIES THEY WIN
>LEAFS
>RAKE
>TRUMP WOULD HAVE STOPPED THIS
These people do not care about Canadian real estate and the OP probably isn't even Canadian or over 18

>>134478423
I shouldnt say 200 houses that business men split up
some was houses, apartments, time shares, excavators and heavy equipment etc etc etc ... you get the point though

the business guys are all in cahoots, they want to invest their cash, and make deals about bidding before walking into auction, they lock it down
but if theres just a couple of plebs there, they want you to go home, and if giving up a single house gets you out of there, they dont care

if theres a hundred couples there, they gonna bid against you and drive prices up to thier real value
but btween dec15 and jan 15 ... no one is there
courthouse is empty, everyone just wants to go home and party

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>>134478891
God damn it, 77M not 77, well it could be 77 or less actually.. but it's still fuck all considering the contingent liabilities

>>134478423
Wow dude really appreciate this write up. Exactly what I'm looking for! Thanks.

>>134477408
Lol nigga you paid half a mortgage in rent probably.

>>134477818
The bubble is in these two areas. People are fleeing them and buying houses 3X times the size for half the price in other areas with better employment fundamentals.

>>134476259
It's the KFC barometer, as long as the drive through is open nothing will change in our countries. When they run out of chickens the shit will hit the fan.

>>134476942
$170k left on the mortgage, housing in the area going for 400k - 500k, and the house purchased at ~325k.

Is that good? Does it need to be paid off ASAP? It's a principle residence, so selling it off and renting isn't really gonna happen. Also, the city expects +80,000 people over the next few years and is building a ton of apartments everywhere, and the house is walking distance from the downtown core.

>>134479777
No one is fleeing, all the houses in GVA still sell within 2 months of being listed and everything is getting more expensive
Stop being mad youre a poor alberta fag

>>134479110
Well for me, saving my country from becoming a third world shithole is my goal.
The economy will come and go. It might suck to lose some gains, but what where the "gains" anyway if they dont hold thier value.

I believe in accelerationism, the best way to stop the decline of the west is to crash the economy.

We are crashing this economy, with no survivors.

I lucky senpai, i was raised in country, spent my best years mountaineering. If the whole world went to hell .... Ive still got my rifle, my canoe and an axe .... and thats all I need.
I doubt it will come to that, but the economy seeing a big downturn hopefully will wake some people up to how disastrous this policies are.

We need a stable economy, not one build on importing immigrants and housing bubbles and other jewish financial tricks.

>>134477470
I am in Vancouver, situated about 100m from a Skytrain station, 30m from a Safeway and two kilometers from Simon Fraser University. It's a good place, brand new, but too small for my family. Bought two years ago for $459k... An identical unit sold for at least $700k in the building after a bidding war that lasted a week... And those people want in still. Euphoria is still on in the GVRD.

>>134479988
The Vancouver pyramid scheme is dying. The money will flow out.

Any americans selling any silver or gold? I got a thousand Canadian rubles for you

>>134474332
It will be interesting to see how linked the Canadian housing market is to the global market. When the us house market shit the bed it sank have the fucking civilized world with it.

>>134479984
If the value falls to 212.5K (80% LTV) you'd get a margin call from your bank.

Condos are the most susceptible during a housing downturn, you should be OK but see the >>134474958
>>134474860
To see how fast a market can crash.

>>134478891
What is the extra ~$700B of liabilities contingent upon? What do they consist of?

Sorry I'm not a mortgage guy, and my knowledge of banking doesn't go past community bank stocks.

>>134474332

Had to happen, otherwise Canada would have had it's housing market even higher from massive foreign speculation before it crashed even harder.

They closed the door too late, but it would have only gotten worse.

>>134474332
LET IT HAPPEN
FUCKING DO IT
DAY OF THE RAKE

>>134477945

They'll go home to China, broke.

>>134480357
It's probably a case of play with us or else with these big banks and that's how they suck in other capital, there will probably be widespread carnage in Germoney's banks because they've had to be very active.

>>134480240
How can you stand live in vancouver,
the city beyond hope!

I couldnt do it senpai, I like my small town, semi rural, Mayberry like feeling.

Small town Canada is like a 1950's dream.
There is one black family in our town, literally, and the dad works at local recreation center as groundkeeper.
If a bike goes missing we all know where to look!!! lol (seriously, old black guy and his wife are ok, they are completely surrounded by whites, so they dont act ghetto at all)
we have about a dozen asian families that live here
and some local natives

and wouldnt trade it for any big city, no amount of money could give me peace and serenity, doors are unlocked, forget power tools on lawn, still there two days later

..... you just cant buy that....

>>134480835
nvm, I see now

>>134478562

> implying any of this happened

Is this a good time to long REK? Was waiting til November but this news makes me wonder if i should bite the bullet

>>134474332
Sell Price != House Price...many ppl are selling and buying houses IN THE SAME CITY...hench your post is false.

>>134480459
Given the area, I honestly cannot see the value dropping to 212k short of everything becoming niggertown.

I also have a lien on someone else's property worth ~150k - 200k, and they're planning on selling right now. If that goes through in the next couple months, it should be enough to pay off my own house (or nearly).

Don't know what I'd want to do if there were an economic crash. I'd have to assume jobs would be gone. Might be hard to get income to pay off the remainder of the loan on the house.

>>134475367
>demanding $100/200/300/500K+ in cash from the seller or they're walking
How does this work?

Please crash our market too

I want to buy but not at record high prices

>>134481609
>t. nervous chink

>>134474332
This has been coming for a looooooong long time.

But, there are two factors driving this.
1) Chink tax: Basically they raised the tax on foreign buyers. So chinks aren't buying up as much land as they were before.
2) Six month backlog on approval for new building.
So the renovators aren't too keen to buy, because they have to wait 6 months to a year before they can START building. Who the fuck knows where the market may be in that time?

>>134481609
imagine being this in denial.

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>>134477204
Hey Mortgagecucks: "You were tricked"

>>134474860
Fuck me, I work in that neighbourhood....

Prices went up a half million in about 5 years it seems.
Fucking hell. Absurd. Fuck all in that neighbourhood aside from being able to say "I live in Leaside".
Dumb fucks. If they didn't keep me gainfully employed I'd shit on the lot of 'em.

>>134474958
Tiny ass homes/lots too. Don't forget that.

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>>134480835
CMHC/CDIC are insurance companies.

What you see is the Balance Sheet and the income statements for CMHC's 2 insurance businesses.

In GAAP/IFRS contingent liabilities (a liability dependent on an event occuring, in this case a default) are not counted as liabilities unless they are probable (the probability is arbitrary, but generally >50% likely).

Say you are an option writer and have to make a book. Say you wrote naked $30 puts on a stock worth $50 and collected $0.25/share premium. You wrote these puts for 1,000,000 shares. The delta on the puts (in this case consider the probability these puts end in the money is 10%). You would not consider the contingent event (price breaking below $35) likely, hence would not count it as an actual liability.

You'd collect $250K in premium, and say they're monthlies. Your hard liabilities would be $250K (to buy them back and close your position). Your daily theta income would accrue and your liability would be offset by that amount, let's say theta is 1 cent/share/day, so each day it'd be $10K to buy those options back, so your hard liability decreases by $10. So you have on Day 1 250K in assets minus 250K liabilities. Day 2 250K in assets, $240K in liabilities. By Day 30, you'd have 250K in assets, $0K in liabilities assuming the puts expire worthless.

However your contingent exposure is up to $35/share if they go to 0 (bankruptcy for example). So $10K-$35M depending how far in the money they go (0.01-35.00). However because the probability of the option going in the money is low, it's just a byline on the income statement, ie.

ASSETS - $250K
LIABILITIES - $250K

>Income
MAXIMUM NOTIONAL DELTA EXPOSURE - $35,000,000
Daily Return (Delta) - $0
Daily Return (Theta) - $10,000
Daily Return (Vega) - +/-$X
Transaction Costs - $0
Net Income: $10K+/-$X (vega)

So assuming shit doesn't hit the fan, you make money, like CMHC. But say the company blows up, then you've just lost $34,750,000 for a possible return of $250K

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>>134474494

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HAHAHAHAHAHAHAHAHAHA
STARVE YOU FILTHY FUCKING LEAFS. STARVE YOU IMPOTENT FAGGOTS!
STARVE!

>>134482578
*$35 puts

>>134474332

Oh shit....

>>134474494
Based Maoris

>>134482648
What ever you say, wang.

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>>134482578
>inb4 yid

>>134474332
>Allow foreign investors who add no value to pump your domestic property market
>The rest of society can no longer reasonably afford a mortgage based on their salary, which hasn't increased relative to the property boom
>They take on massive debts they can't afford because they're convinced that their home is an investment, not a place to live
>Government only fuels the boom by allowing these predatory markets to exist and keeping interest rates low
>Foreign money stops buying
>Crash and burn

Wow, what a surprise. It's like it's the first time it's happened. And we've been heading down the same path in Australia for the past 20 years. The collapse is going to be huge.

>>134475593

Thanks, good post.

Is it possible that when this all comes crashing down all the Chinese, browns and Muslims will just leave Canada? I'm in the GTA and this place is fuckkng losf.

>>134474886
>It's 2008 all over again
don't forget about derivatives on stock market

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>>134475593
WHAT THE FUCK

>>134481849
Yeah, that's kind of weird. As soon as a house sells, the way I understand it, the sellers got paid in full immediately and the bank owned their debt. The seller has no reason to pay up, and nothing to lose if the buyer walks.

weed

>>134483460
It's much worse in Canada's case though since their banks have been issuing sub prime or insurance backed mortgages. In our case we have hyper inflated area's like Sydney which will crash when the Chink party ends.

>>134474886

I hope it fucking crashes so hard, then I can actually buy.

Fucking brampton

https://youtu.be/DHQ58YbsgKI

>>134483947
The entire economy would be depressed/destroyed

Helloooo 80% unemployment

>>134483512
pfffhaha the nonwhites will buy up all the suddenly cheap land, the market will recover, and they will be given the credit for saving the day along with big poppa trudeau for letting them all in and streamlining the process

>>134483893
Our biggest problem is that if one of the big four banks has enough toxic debt, the three others will come crashing down with it. And there's evidence that one of them does.

>>134483782
>Yeah, that's kind of weird. As soon as a house sells, the way I understand it, the sellers got paid in full immediately and the bank owned their debt
Not that I think of it, it seems that buyers (who usually have yet to sell) want to pay less than 100% of the home...and the seller owning part of the home still...and that sellers have done this UNTIL now, when buyers are less likely to find sellers.

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>>134481849
99% of people when changing homes will buy a new place then sell their place after.

So they'll pay out to buy the new place, usually using a bridge mortgage, then sell off their current place, and use the money to pay off the bridge mortgage.

But if the price is dropping rapidly or has dropped rapidly between the date they bought (committed to transfer funds at a later date) and the closing date (when funds are actually transferred), they will also likely have their current home drop in value a similar amount. So instead of eating the difference by losing home equity (or if it has dropped so much, they might not qualify for a mortgage), they're demanding the difference from the person who they're buying from. So they're asking them to eat the loss and refund them $200-500K+ via cash or else they're walking (and risk getting sued).

>>134483782
In Canada there's a purchase date and a closing date. Usually it's 30-90 days so the buyer can finalize payment arrangements (ie. get the lawyers to do the legal work, arrange the mortgage, etc).

You've copy pasted this absolute bullshit before torontofaggot. "extrapolated"? Complete fucking faggot detected.

>>134478856

But if the market sucks, if you sell your house, won't you have a hard time finding a new one for a decent price?

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>>134484604
>flag
t. Triggered Underwater Toronto Liberal Muslim Housecuck

>>134474332
Ok Leafs, burger real estate fag her.

I have $500k USD to invest. Is it worth jumping into the Toronto market? Will it dive further? What can I get for that money right now?

>>134477470
Who is that sexy thang? Tineye / Google negative :-/

>>134484833
You can't afford the market.

>>134474841
But that could damage the film industry! Oh... ok

>>134484896
He can afford a mortgage to support the Tortonto market like the good shabbos goy he is hehehehehe.

>tfw they are cutting my benifits this month and i still havent found a job.
gonna be homeless when homes havent been so cheap. fml.

>>134482578
Got it. So they're picking up pennies in front of steamroller.

During the DB/Monte Paschi bullshit last year, people loved quoting that meme-ass ~$17 Trillion in liabilities number. I don't think the strict notional amount is the right way to think of what should be accrued on the balance sheet, but you definitely have a point when you talk about the "more likely than not" threshold. IFRS in particular leaves a lot of wiggle room behind for things like that.

Did you develop the sensitivity analysis b/w the 20% drop in housing prices and insolvency yourself?

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>>134484833
Right half
>500 sq ft

$540K CAD + 15% foreign buyer tax = $621K or $497K USD

Good investment, it'll be worth $2M in 3 years

>>134480240
How does it feel living in shitquitlam??? I honestly regret not looking into buying the shit condos that went up and were advertised as “own for less than rent” and “$500/month mortgage”

>>134483512

GTA is utterly dystopian

>>134485312
Fuck me running. An attached cuck shed for $500k? What sort of rent could I pull down on that?

>>134477069
>This crash is location specific. Pretty much solely centered on the Greater Toronto Area, and Vancouver. If you aren't a cuck or shitskin that lives in one of these two areas, you will be fine. Literally the only people this will effect is immigrants, Jews, and cucks. Beautiful.

Not if the companies go under, the Cucknadian government is forced to throw money around to save them and it affects currency values.

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is it happening?

>>134485312
>>134485871
Oh shit, I didn't really notice at first.
It's a double wide trailer house!
But split to be an attached town.
Kek.
half million for that.

Right in jew town too!
So you know it's a bargain, goy!

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>>134485293
Assuming you bought in Feb-Apr at the peak, it's just a ballpark

>>134477004
thanks for the evidence for your argument

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>>134475593
>country is on the verge of collapse
>could go from comfortably middle class to homeless overnight
>my first child is due literally any day
I'm screaming inside right now.

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>>134486398
Ride never ends friend!

>>134486697
I guess it's a good thing I invested in a gun a while ago. If nothing else, I can hunt.

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>“Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich.”
>“But we have also,” continued the management consultant, “run into a small inflation problem on account of the high level of leaf availability, which means that, I gather, the current going rate has something like three deciduous forests buying one ship’s peanut."
>“So in order to obviate this problem,” he continued, “and effectively revalue the leaf, we are about to embark on a massive defoliation campaign, and. . .er, burn down all the forests.
>I think you'll all agree that's a sensible move under the circumstances."

>>134486245

Amazing. I was hoping she resigned due to shame of being a Canadian but legitimate legal reasons are also acceptable.

>>134486803
Not in Canada you can't, bucko. Not without the right license at the right time of year on non-native land with certain rifles or shotties only.

Canada is a "free country"

>>134474332
cannucks this is a really good sign isn't it I mean when shit does hit the fan the leafs will want trudeau's head right pls tell me they will

>very good

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>>134483977
>https://youtu.be/DHQ58YbsgKI [Embed]

>the one durkha that yells, "Allaaaah!" but stops himself before the "achkbar!"

>>134486949
Only illegal if you get caught.

>>134486897
Forgot the line about how we would have had to burn the conifers too.
But we talked them down to just the deciduous.

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>>134486398
Could be worse, you could have an insane faggot PM actively trying to destroy your country and doom your child to a life of impoverished dhimmitude.

>>134487167
I really hope he's out in 2019. Assuming we still have a country by then.

>>134486803
>I guess it's a good thing I invested in a gun a while ago
>Hunt
Phew that ended better than i thought it was going to

>>134474332
Thank God, fucking finally. I hope thousands die of starvation and aids.

>>134487250
Hunting and home defense. What else would I use a gun for, Anon?

Real estate crashing is good for the economy. More people can afford to buy homes. For those who can't, rent is cheaper. With cheaper housing costs, people can afford to buy more products. Furthermore, it discourages using property as a form of investment, which doesn't actually contribute to the economy. Investment in business, especially local business, is healthy. Investment in property is bad for everyone.

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>>134486031
GDP = G(overnment Spending) + B(usiness Investment) + C(onsumer Spending) + E(xports) - I(mports)

We manufacture nothing. Business Investment has been abysmal. We have a trade deficit, and we export primarily natural resources to import manufactured goods.

The only thing that the economy runs on is Consumer Spending and Government Spending.

If you look at the picture, Canada's GDP is approximately $1.723T CAD. Construction ($120B), Finance & Insurance ($120B) and Real Estate ($225B) are essentially housing. That's $445B or 26% of the entire economy.

Government Spending aside ($330B, heavily dependant on taxes), Consumer Spending comprises $1.05T/1.723T or 61% of the economy. Considering wages are stagnant, the vast majority of this activity is financed by home equity lines of credit/consumer debt. People borrowing against their cuckshacks. No real wealth is actually generated. Canadians have over $2 TRILLION in household debt.

Now, imagine if prices drop to the point where people can't service their debt or their credit lines are closed. Boom, hundreds of billions of dollars instantly gone from the economy. Factor in money velocity, and Canada would be at skyhigh, Spain-tier unemployment or worse

>Fun Fact
Canada was the country worst hit by the great depression because we're a fucking meme country.

Wait so, this is the best time to invest in canadian real estate?

CANADA YES

http://business.financialpost.com/personal-finance/mortgages-real-estate/ontario-slaps-15-tax-on-foreign-buyers-expands-rent-control-in-16-point-plan-to-cool-housing/wcm/12f2307f-4110-4cf1-9457-e9ff052c1cb8

>>134474332
>Anyone who bought with <= 20% this year is officially wiped out


good. houses are for living in, not investing.

>>134482578
Explain for retards (me).

>>134487786
>Wait so, this is the best time to invest in canadian real estate?
"Never catch a falling knife."
"Bottom pickers get smelly fingers."
It's barely started.

>>134487708
>Y = C + I + G + (X - M)
Brackets on the Import / Export bruh!

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>>134488078
Holy fuck, in Jan 2014 avg Toronto prices were $524K. So from Jan 2014 to Apr 2017 they went up to $920K or up 75% in 40 months LOL

>>134482578
Hey dude, thanks for the explanation. As a second year ECON/fin, I surprisingly understood that entire thing!

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>>134474332
>tfw you're locked in on a low rental rate because you signed a nice long lease agreement and you will be debt free before it's over
Feels good man

>>134487990
CMHC has $16B in equity yet $950B in contingent liabilities (they have to pay $950B if the worst case scenario happens, which is every insurance policy being called in).

For every $1 they have, they potentially have to pay out $60.

But they assume this is not likely, so they don't count for accounting purposes.

>>134474332
Sounds good lel

>>134474332

It's almost like embracing Islam AND faggotry isn't appealing to Chinks.

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>>134474332
A friend of mine just dropped $500k on a house like 2 months ago. I tried to warn him. Fug.

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>>134474332
>let's keep electing the francos and give them an equal place in our society, though. o.k.?

Leafs never learn.

>>134489272
norman will never understand.

It's like they enjoy being cucked.

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>>134488633
Good to hear. I'm not that great at accounting, but studying the CMHC and insurance companies balance sheets' helped me crack their BS accounting.

Still amazed they don't attach some number to contingent liabilities instead of just listing it as a byline..

How do the Oz banks deal with this? Do you have mortgage insurance there?

>>134474332
Sounds good t.b.h. Only chinks bought houses in the sellers market. Now families can buy homes at a reasonable price.

>>134478423
Shit thanks anon that was informative

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The next global recession is in 2018 or 2019, I can feel it.

>finland finally elects our fuhrer halla-aho as prime minister

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>>134488392
Assuming the correction doesn't overshoot, should drop to C$450/C$500 to get back on trend.
I wouldn't touch it till then, but I don't need a bed in Toronto. YMMV

>>134475393
"Burn leafs"
This is literally what we've been waiting for, for years dude. What benefit is it to us millennial white leafs that our land is 500% overvalued because of gooks and chinks? Use your brain

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This is just the housing markets in Toronto and Vancouver. Calgary seeing steady growth, we had our prices drop with oil. The condo I have and it's location here would be well over a million in Vancouver, but it's only $220,000.
We don't have the chink bubble here, yet.

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>>134490026
That would wipe the banks, CMHC, CDIC, HCG, EQB, MIC and all of the major banks out instantly.

Canada's GDP would drop at least 30%. Loonie would start hyperinflating as people would sell any Canadian dollars for foreign currency to preserve wealth.

And it will happen. I see $500K by Christmas at the rate this piece of shit is collapsing. Banks will start screaming bail-outs by the Fall.

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>>134489519
I'm helping him with some reno on the place in exchange for a a great price on rental for the main floor. So, I end up with a great place at a great price and he ends up losing a ton of money and going into debt. What a world. I really did try to warn him. Of course his mother pushed him into it, saying she would help with the purchase, then backed out at the last second, leaving him and his dad holding the hot potato. What a bitch.

>>134490026
Also bubble crashes always overcorrect to far below the median

>>134484862
tori black

>>134490271
220K isn't exactly unaffordable.

But the bubble has definitely spread to other cities, especially Ontario. In Kitchener/Waterloo, houses that used to be $100-125K are going for $400-500K. Some cuckshacks, literally 500 sq ft, are going for $700K in Kitchener, which has 0 jobs besides tech, which also pays fuck all in Canada.

>>134481187
I work at the port and I grew up here. If I wanted to move, I couldn't because my career relies on the ocean. I am a man of the sea. That said, I'm not inside Vancouver, I'm in Coquitlam... And it's getting overgrown with high rises so we're going next door to Port Coquitlam to get that suburban lifestyle we grew up with for our kids.

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>>134474332
Will this alleviate US prices?

>>134482340
That's it? I know a guy whose house increased by two million bucks in eight years with a million of that in 2016 alone. He can see the Buble compound from his porch, so it's a highbrow neighborhood, but yeah... He bought it for $800k originally. Haven't seen him since I talked to him about it so he's probably well above three million by now.

>>134474332
I got 21 weeks of EI bro

I'm good

>>134491381
In recent years that's all anyone's been doing in that area.
They buy in a 1-1.5 million, do a "top up" on the house, sell for double the investment.
The fact that the base price is doubled now, is just ridiculous.

I wouldn't even call it a "high brow" neighbourhood.
They had a poop joke on a chalkboard advertising for a coffee house on Bayview.

For those that saw this neighbourhood for it's investment value, and nothing more. Good on them.
For the rest? They dun fucked up.

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>>134474332

>>134484773
Well, you take your big pay out somewhere that the prices are less. For instance, If I sell my condo $700k, bank $200k and find a place fifteen minutes to the east for, say, $800k... I'm basically in the same boat I was in before.

It's the size of your down payment that really matters. I'm not worried about losing value on a place I bought with gains from my condo because it's not real money anyway.

>>134485554
Feels great, because I am going to get a lot of money for this tar paper cuck shed.

>>134487167
Drumpfbama?

>>134486949
You don't know what the fuck you are talking about, faggot.

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>>134474332
'ERE
WE
GO

DO YOU FEEL IT MR KRABS?
LET IT BURN LET IT BURN LET IT BURN

>>134474332
Close but not yet. We need our dollar to keep going up to make it even more undesirable to foreign buyers. Esp Chinese millionaires trying to leave china.

We get that prime interest rate to go up and we can drop the cost of housing even more. Keep it coming boys.

>>134474860
>2 million for a 2 bedroom bungalo
HaHa get fucked Toronto!

>>134491644
Of course it's high brow... They got the Costco.

>>134477784
You should be if you're British because we have fuck all gold. Ah well, let it crash and burn.

>>134474697
>cheap homes are bad
Shut the fuck up, you fucking kike.

>>134486949

You can hunt small game all year round with a small game license dude. That means you can shoot a coyote every single day of the year for $70

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Shocker

>>134492303
what an idiot you are

>>134486949
if things go tits up, the RCMP will not be arresting hunters trying to eat
they'll be too busy containing all the fucking riots

>>134474332
I live in Quebec idc. Worst case scenario we get to separate by force.

>>134475704
c'est quoi ton job ?

>>134487462
>Investment in property is bad for everyone.
Say that to Donald Trump's face, not online see what happens.

>>134474716
provide loan refinancing services for 10k upfront like they did in 2009.

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>>134483977
>Tokyo Subway?

>>134491696
The problem is you are looking 15 minutes away...

about to graduate with an eng degree and if i can get a job this looks rather promising. I was just going to rent but I'd consider buying in Van in a year or two if prices drop enough. how long will this depression continue for?

>>134493426
Ici on dit c'est quoi TA job.
Ben important de prononcer les mots comme nous et de garder tes idees de merde en france. Merci.

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>>134474332
>Toronto
The literally shithole of this country. Living in tarea of pic related is the ultimate redpilll

>>134475704
T'es debile si tu penses que le quebec n'est pas runner par les anglo
Faudrait plutot dire qu'ils marchent sur des oeufs sur certains sujet mais pour nous passer des taxes caches ca on a aucun probleme.
Et perso je vois de plus en plus de negres.

>>134493263
If it gets that bad then all the animals are depleted in a few weeks. What then?
Better invest in some cows, goats, and chickens.

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>>134474332
>>Day of the Rake is here
I really don't understand why Canadians shit on themselves so much. It's truly pathetic and unpatriotic. Can you at least change flags?

No wonder the rest of the world call us leafs.

>>134475271
>>134478224

What do you, anons? I'm at the point to choose a study by September, and I'm totally lost as to what I can do that's safe in terms of recessions, and also that will make money to support my family

>>134494081
Le nouveau continent vous a rendu quelque peu analphabète cher ami.
job, un travail, nom masculin.
Ton travail.

>Je te prie de bien vouloir entretenir des relations incestueuses avec tes ascendants.

So many leafs in this thread, you'd think it's fall.

>>134494332
Writing shitty French. No wonder English runs Québec.

>>134494685
Study to become a legal American citizen.

>>134493990
I think you're very stupid for an engineer. Good luck with your Vancouver house goals.

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>>134494575
http://archive.is/0LktD

Our other flag is a hate symbol for white nationalists and worse than the confederate flag for americans. Cant even switch back to it.

>>134494100
Khadr lives in that area. His presence there must really up property values.

>>134474332
good. affordable housing is a GOOD thing.
Fuck those chinks.

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>>134474332

>real estate prices are falling

o-oh no. whatever will i do with my steady job, sizable personal savings, good access to credit, and solid collateral.

>>134495287
not with that cuck attitude

>>134495479
If GDP drops 20-30%, inflation will skyrocket and your savings will be destroyed. Your investments will tank, your home value will plummet and you will be set back decades because banks gave away loans to dead beats and the banks refused to increase interest rates and canada propped up a failing market/gave banks free money.

>>134494575
Our culture is trash tier. Literally we were taught cuckism in high school. WE ARE CANADA A CULTURE OF WONDERFUL MOSAICSSSS. Not like those American melting pot. Being unpatriotic is our culture. Because Canada's culture is to bring your old culture with you.

>>134493840
I don't see how that is a problem.

>>134495697

Sounds DEFLATIONARY, not inflationary, negro.

>>134496048
15 minutes away is going to have a similar price... You actually are retarded.

>>134495796
Canada is a top class country. Love it or leave it.

>>134495796
>Our culture is trash tier.
Compared to what? The US? I guess you should move there.

>>134495697
It's a good thing, I suppose, that the average Canadian holds $22,000 in debt.

>>134474999
Top Kek

>>134474332
I'm so fucking happy, I have about $100k saved up, been waiting for the crash I will buy such a sick foreclosure when the time is right and make a mint on the rebound... even if I have to wait a few years I'm good, this is fucking amazing man, finally... MY TIME

>>134477067
Holy shit, Canada is actually chinese now wtf the memes are true

>>134496255
I think you missed the point of your original argument. We have a high standard of living I'm not disagreeing. But you asked why Canadians on /pol/ are "unpatriotic" I gave you some pretty compelling reasons about us having literally no ties connecting us to the roots of this country.

>>134496762
>Toronto and the GTA have no ties
ftfy

I'll throw Vancouver in too. But only partly. Because there's too much chink blood in those mountain pathways not to give them some credit for the creation of the west coast.

>>134474332
>Canada is now experiencing a major financial crisis.
>people are FINALLY smartening up and not wanting to buy retardedly overpriced houses
about fucking time

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>>134474716

>>134496762
I disagree. Recent immigrants are in fact more patriotic than those who have been here for a century or more.

>>134496083
GDP down drastically, people sell canadian currency, dollar drops, prices go up. inflation.

>>134497790
At least the min wage went up!
Wait... won't that cause more inflation?

>>134497687
Yes a red burqa or red turban. So patriotic. Hopefully we get more muslims to enrich our wonderful lives.

Hopefully all those WH*TE real estate owners become homeless and die in the winter so thay can give those homes to deserving migrants of PEACE.

>>134496592
>has 100k sitting around
>isn't buying the BTC/ETH dip
It's like you don't want to be rich

>>134497996
no that's a meme

Seattle CPI is like 3%

>>134497687
These are the sorts of retards killing this country

>>134496704
we are around 60% white with millions of non-white non-citizens not counted in that

>>134498514
ehh i haven't taken the time to read much about those markets but they seem volatile as hell, it would be a complete gamble for me, and what is the growth expectancy on ETH anyway? It was ~$400 on June 13th, and then down to $155 just a few days ago, now it's sitting at $215 or so, I dunno, if I had bought it at $270 a month ago I'd want to kill myself right now, and I guess if I don't buy it now and it goes up to $500 I'll want to kill myself for not buying it, who knows?

>>134499069
That's not even close, retard.
In 2011, it was reported that 19.2 of people identified as a "visible minority" (i.e. not white).
That's 81% of people, not 60%.

>>134474332
That's what happens when you let your country's real state become literal stocks.

Good, fuck these idiots for paying that much in the first place. Crash and burn GTA.

>>134496232
You actually have no fucking clue what you are talking about, sweetheart. It's a difference on average of $500,000. A house in my neighborhood in Coquitlam starts at $1.3 million. A house fifteen minutes away in Port Coquitlam starts at $800k. You have no fucking clue how retarded this market actually is. I have been doing my research, you fucking retard.

>>134499316
?
Is today 2011? Visible minority doesn't include injuns either
There is a fucking million of them arriving every year

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>>134475593

>50:1 leverage
>the entire Canadian housing market is subprime
>200:1 leverage
.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.

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>>134474332

>>134499316
Canada is less than 68% white now

>>134499464
No you stupid fuck you said you were the same off from your previous example.

>>134499464
Don't change your argument.

>>134499514
That was the last census record, record.
>injun
You realize Injun means Native, not Indian, right?
>>134499655
Sources.

>>134493334
>I live in Quebec idc. Worst case scenario we get to separate by force.
Wrong! worst case we give you to the Americans who cleanse you thoroughly of your faggoty Frank-ness.

>>134490731
Moar like Tori Black'd

>>134493334
>Quebec
Kys right now.

>>134474332
I CAN FINALLY BUY A HOUSE IN 5 YEARS

>>134499316
>That's not even close, retard.
>In 2011, it was reported that 19.2 of people identified as a "visible minority" (i.e. not white).
>That's 81% of people, not 60%
Checks out

>>134500019
You wish, leaf. You wish. We aint Louisiana.

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>take their money out of their country of their country out of fear of corrupt and inept bureaucrats
>invested in leaf economy instead
CHINA YES

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>>134499573

>all planned to make them issue even more debt
>Canada completely dependent on Jewish bankers
>Jewish bankers now dictate all of Canadian policy

Just as planned.

New bread: >>134500581

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>>134488392
>>134474332

Half this country honestly believes that house price inflation can outpace wage inflation in perpetuity.

The number of people taking out huge ELOCs is staggering.

The dollar is literally going to get nuked from orbit.

>>134500605
>hurr solve the market correction by just giving out free gibs & lowering interest rates

And now the crash will hit twice as hard

But hey good thing we got lots of migrants thanks to based compassionate conservatives

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>>134499798
95% the people let in are non-white
2011 80% white,pop 34M, 27M whites, 27M non-whites
2017, pop 37M

98%+ of people they let in are non-white
Whites below replacement rate, 1.5, only groups that are growing are Africans and Muslims
Assume whites shrank 1.5M since 2011 due to low replacement rate

37M pop - 25.5M whites = 11.5M non-whites

25.5/37=68%

>>134500551
they already dictated all of our policy though
this achieves nothing for them

>>134500800
*7M non-whites 2011

>>134500800
>27m whites
>27m non whites
>total pop: 34 million
Stop reading past that point.

>>134492243
Don't forget to grab a few tins of food while they're still cheap ;)