CANADA YES! It all comes crumbling down

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the average person who bought a detached home in April is down $188k

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I-is it finally happening?

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>>136012445
Yes.

fun fact: 2 percent of canada's gdp is in real estate fees.

>>136012247
Toronto prices dipping is not indicative of a crash. The rest of the province / country has strong real estate activity and, in most cases, prices are still steadily climbing.

please, please let it come crashing down. digits for bigger happening!

>>136012935
you're too obvious

>>136013123

123 crash

>>136013223
No, I'm just not a sensationalist retard. Anyone that bought a house in the last two years deserves the rake, but nothing is happening. Yet. Besides, the cdn taxpayer insures mortgages to the tune of $1 TRILLION. Worst case scenario is some people make off like bandits and the value of our dollar drops even lower.

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The numbers being given out are massaged to look like it's not so bad, but this is a crash.

Prices are up 11% from last year but MoM, it's dropping like a rock.

>no matter how bad it is perception management shills crawling the web will say it it literally nothing.
>lost 188k, "literally nothing"
>can't afford rent, "your own fault bud".

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The day of the Rake is Soon at Hand..

This is a Financial Disaster.

Quebec will Vote to Leave

ask a real estate agent from Ontario anything

>>136014691
are people jumping yet?

>>136014691
thoughts on possible bailouts for lenders.

GREAT NORTH WALL WHEN??

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>tfw you've got nothing to lose
Checkmate economy

>>136015063
>GREAT NORTH WALL WHEN??
You have no fucking idea m8

finish what the Founding Fathers started

http://www.inquisitr.com/1461442/isis-terrorist-crosses-border-from-canada-to-america-by-boat-video/

http://www.pbs.org/wgbh/pages/frontline/shows/trail/etc/canada.html

https://www.usatoday.com/story/news/world/2014/10/22/canada-terrorism-history/17726259/

http://news.nationalpost.com/news/canada/two-canadians-added-to-united-states-list-of-most-wanted-terrorists

http://www.macleans.ca/news/canada/the-scary-reality-of-terrorism-in-canada/

http://www.theglobeandmail.com/news/politics/us-border-chief-says-terror-threat-greater-from-canada-than-mexico/article580347/

>>136014883

people are starting to sell just below asking price within last 60 days. most concerning issue is that i've seen huuuuuge amounts of people from Toronto taking all this new "equity" from houses and spending it on (cottages, new boats, investment properties) huge increases in prices in all towns close to GTA. Barrie (hour north) has seen rent prices double within a year. Follow https://twitter.com/rosskay?lang=en for the truth. Interest rates just rose.

>>136012247
>chinks and jews getting btfo by real estate prices

why should any real canadian(maritimers) care?

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>>136015707
The chinese are no doubt pissed. Their confidence, shaken.

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>>136012247
it is the Vancouver fags going back to Vancouver after recovery over there + Kathleen Wynne's initiative to destroy the economy of Ontario

women shouldn't be allowed to live on earth!
we should solve the female question or FQ
if we get ride of the females... we've solve the Jewish problem too
Jew virus is passed on via female!
so let's eliminate female... and JQ will e solved too

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>>136015463
imagine watching the last years appreciation get wiped out in a couple months wtf. It's going to ruin marriages an shiet

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>>136014349
>Quebec will Vote to Leave

With any luck this will happen. You can see the neocon globalists trying to prevent it by allowing so many illegals into Quebec with the hope that they will eventually settle down and vote federalism. Based Jacques Parizeau saw clear thru this bs and called it way back in the 1990s when they lost that referendum. He basically blamed Anglos and the 'others' that weren't pure Quebeckers for fucking up the vote and demographics. I'm an Anglo and respected Parizeau. At least you knew who he was and what he stood for. RIP Jacques & Levesque - you may be Quebecois SOBs, but I respected you for fighting for your culture.

Pic related: translated: (It's true that we were beaten. By what? By money and ethnic votes.)

Western Canada separatism NOW

LEAD FOR EASTERNERS
SCUD MISSILES TO ONTARIO AND QUEBEC

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>>136012247

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>>136016751
>Western Canada separatism NOW

shouldda thought of that before telling Patronas and their $36 billion project and hundreds of billion worth of natgas money to fuck off.

>>136016636
Gay marriages ruined, oh no!

>>136016751
Western Canada is maritime clay, westcuck

Quebec better hurry up and fuck off before the IMF owns their ports.

was crashing the Canadian housing market part of your plan?

OH MY FUCKING GOD THE HOUSE PRICES ARE FALLING THAT MEANS THAT CANADIANS ARE GOING TO BE ABLE TO BUY THEM AND MAYBE HAVE FAMILIES
SHUT IT DOWN
DON'T LET THEM FALL!!!

>>136013511
This is almost literally the exact same type of stuff being said in summer '07 in America. Almost exactly - go back and read some of the stuff.

>>136017873
>THAT MEANS THAT CANADIANS ARE GOING TO BE ABLE TO BUY THEM AND MAYBE HAVE FAMILIES
hopefully

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>>136012247
Toronto has become a shithole.

>>136014691
What's your backup plan?

Attend gay pride parades
Welcome more immigration
Repeat after me,
"All"
"Is"
"Well"

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>>136012247
On more month of plummeting and real-estate is going to be considered technically crashing.

Can't fucking wait senpai, the drop could continue for YEARS, imaging housing prices dropping to a fucking quarter of what they are now, it will be a miracle (for people who don't own property). I might actually be able to afford to live in Toronto in my lifetime.

>>136018027
But why are they mostly black anon? What does that mean?

these threads used to make me sad now they give me hope.

>more people coming into city than new rental and ownership properties being built
>rent rates still increasing
>ITSACRASHTHENUMBASDONTLIE

lol

>>136015227
I'm with ya
wooo hooo

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>>136017999
Yes, and it's going to happen again.
Sorry burguer, it was nice to see your flag around

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>>136018027

It really has. Outside of the downtown area around the bank towers, it's either filthy, under constant construction, or filled with hipster douchiness. It's beyond the point of no return and anyone with half a brain has left the city to the filthy zombie hordes and leeches in finance & banking.

The burbs aren't too bad, but still just acres and acres of copycat McMansions with tens of thousands of normie drones that watch cable TV. Like those fields of humans in the Matrix.

Subdivisions by Rush pretty much sums it up even today.

http://www.hooktube.com/watch?v=EYYdQB0mkEU

>>136018938
>bubble inflates
>more "money" going around in the local economy
>people move in because there is so much "money" for non-economically viable "jobs"
>bubble begins to deflate
>"money" is gone
>people stop moving in due to lack of "money" destroying "jobs"

Shocked a nigger cannot think through a problem.

>>136013223
hes right you moron

>>136019340
I have no misconceptions about this. It's not just real estate though; everything is a bubble, everything is fake. The great asset reset is coming, and it is going to be a doozy.

Day of the rake when?

watch the boomers somehow get a bailout.

>>136014691

How long should I wait before buying near hamilton?

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>>136020109
>watch the boomers somehow get a bailout.

No doubt. They've run the full cycle from:

1. Hippies who got cheap post-secondary education
2. Jobs for life with DB pensions
3. Lower immigration rates when they started out and virtually no free trade or competition
4. Lower home prices
5. Bring in FTAs and muh diversity once they were in leadership roles in order to keep us up and comers fighting amongst ourselves
6. Cradle-to-grave financing.
7. We're left holding bag and debt.
8. A big fuck you - "Arbeit macht frei!" to the rest of us.

The gooks are buying in Montreal lately.

>>136014691
>ask a real estate agent from Ontario anything
Ever suck a guy's cock?

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>>136012247
>crash housing market
>government buys worthless properties
>gives them to the New Canadians

IT ALL RETURNS TO NOTHING, IT ALL COMES TUMBLING DOWN TUMBLING DOWN TUMBLING DOWN

>>136018027
>Cold
>Neon Daneyon Jemmott
>Neon

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>>136021300
*rides off into civilizations sunset with our future*

>>136018181
>I might actually be able to afford to live in Toronto in my lifetime.
maybe, but why would you want to?

>>136023218
>cold damp winters
>roads are shit and traffic everywhere
>even beyond the cost of living everything just costs tons of money
>wages way lower than competing jobs in the US

If my customer wasn't paying tons of money to my employer for my time, then I wouldn't even be in Toronto. Instead I have to spend half of the year working there.

>>136012247
Wait a second. If prices are falling and fucking over Canadians, what's stopping me from eventually buying a ton of their houses for like 100 dollars each?

>>136012247
the people's republic of Canada

bye bye

need to get rid of communism and tax churches

>>136022341
fake news

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>>136012935
Leaf.

>>136025790
better you than the chinese.

>>136012247
There currency (the stuff with the old hag, beavers, ducks, and moose on it) is also down

>>136012247
You know your shit OP. Thanks for posting.

With commodities in the dumps, and a shit manufacturing base, Canada's main industry is building/selling houses to the corrupt chinese and other third world shitstains we let in.

The CAD up near .80 is a gift short (or a gift long at 1.25 if that's how you swing). Maybe they can squeeze another 5 cents out of it, but I'm already in and will average if that happens.

Burn this fucker down! The delusional masses up here deserve it!!

>>136027241
fug

>>136027988
Canada was a good place to live back around 2012, pretty much all between the end of the 90s until Trudeau got elected, things were good in Canada. But Cuckdeau got elected and ruined everything.

Which stocks to short?

>>136027187
Our P.M. is such an asshole.

>>136012247
>real estate prices are FINALLY crashing
I'm not sure foreigners can comprehend what a good thing this is. Maybe once the fucking chinks can't park their money in here they'll stop fucking coming

>>136029460
Short Bombardier (BBD.B) as it mainly survives on government subsidies and there's a solid rumor the government backed down after they fucked with their C-Series.

>>136018367
It means we have a nigger problem. No amount of "diversity" propaganda is covering that one up.

>>136015463

Been searching in GTA for a while anon.

Was looking preconstruction condos since March but didn't want to take the plunge.

Will I ever be able to afford to raise a family in this fucking city?

>>136028822
>But Cuckdeau got elected and ruined everything.
Like father, like son.

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>>136012648
>fun fact: 2 percent of canada's gdp is in real estate fees.
>mfw

>>136012247
A housing crash is good for me though, I can swoop in and buy a cheap ass house and then rent it to one of you faggots for an unfair price.

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>>136014691
what's a good time to buy in Northern GTA or Hamilton areas?

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>>136037986
if only i can short toronto as a whole (and you)

>>136018027
there's probably a most wanted list in the UK that has those same faces on it

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>>136012247

Good luck leaf bros

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>>136016636
You'd have to be literally retarded to think that housing prices tripling since the recession would keep up.

I cant wait to see those chinks that just bought a bungalow down my street for 850k and laugh at them.

Buyer who walked away from real estate deal ordered to pay $360K

>Would-be buyer ordered to pay the difference after house ultimately sells for 28% less

http://www.cbc.ca/news/canada/british-columbia/buyer-who-walked-away-from-real-estate-deal-ordered-to-pay-360k-1.4232844

>>136044685
Always archive or screenshot https://archive.is/kw0sp

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>>136012247
Soon comfy quebec lake houses will be too cheap to meter.

>>136019554

I'm scared, man. I've been hoarding money for the last 4 years because I knew this was coming, but I'm worried that it's going to be so bad that the dollar is going to become worthless because people will just abandon it, as is always a danger with fiat currency. Good thing is I'm only 22, and I'm a licensed professional.

>>136019340
I hope it's going to happen again since I didn't buy the fucking dip last time.

>>136017046
Maritimes are left-wing welfare cucks who voted for weedman. You are nothing.

>>136015463
>. Barrie (hour north)

toronto faggots just have to ruin everything..

>>136018027
>become

The Ripley's aquarium is really awesome though

>>136018027

I've been to tonnes of cities all over Europe and North America.

Toronto had the worst homeless problem of all of them. Maybe the rest hid their homeless well but Jesus fucking Christ you couldn't walk 50 yard on Younge Street without falling over a homeless person. And that was over ten years ago. Weird city.

>>136012247
Hope all the Asian slime suffers

>>136012247
Fuuuuuuuuuuuuuuck. We still don't have a northern border wall in place yet. Millions and millions of shitskins, mudslimes and faggots are going to be fleeing when the gibs up in cuckland dry up.

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>>136046059
Observe, Vancouver's main road.

>>136047806

That's unfair anon, east hastings is a dump - plain and simple

Vancouver is actually a beautiful city otherwise, just unaffordable

>>136015227
this is fucking great

Toronto here.

This is great, let the blip continue. This market has spent years building up to this point, it should take a year or two to drag it right back down. Then I'll wade in with $$$ and buy two or three foreclosures.

Sexy.

aaaah

> the average selling price actually increased by 5% year-over-year, now sitting at $746,218

It's the resales that's up, nothing more.

>>136036674
5% is home renovation. HOME FUCKING RENOVATION

>>136012247
Thread theme
https://www.youtube.com/watch?v=oIscL-Bjsq4

Why am I the first one to post this OP? You had one job.

>Overheated market cools off.
Wow a fucking tin can fell over.

>>136012247
If this is true then why is a shitty 1 bedroom apt $1100/mo in my shitty podunk suburban town

>>136049695
>5% is home renovation
come on leaf
come on now

>>136050343
>Canadians in total spent more than $71-billion on home improvement in 2015, or an average of $5,000 per household, according to Statistics Canada

>>136051043
Just to sell it and make a quick buck from the market.

Toronto self hating leaf here. This city is the worst in the entire western world I'm convinced of it. Housing prices or not I'm getting the f*ck out of here. Worst people ever.

>>136051947
Where can you go? Obviously the woods in Canada, but where can you go and make a living?

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>>136048830
was

>>136052130
Another country.

All of Canada is gay and a communist/NWO hellhole. Don't let the other leafs here try to convince you otherwise. Some cities have less immigration because they really suck and no one wants to live there (its also freezing).

I'm single so I can basically immigrate via marriage thankfully.

>>136021619
3d chess

>>136012247
I'm not really into real estate or even economics, so mind explaining it in simple terms what is happening? Thanks

>>136046059
Have you been to a single American city???
New Orleans, new York, LA are so much worse

>>136052224
I hate that waterfront so fucking much

all of those grey-green identical glass apartment towers

fuck them

>>136046059
the homeless know how to work us. if we say no they'll get mad and yell then we apologize and give them our life savings for drugs.

>>136052224
>chinky termite mound
I didn't know it was that bad

>>136013511
But our dollar is not low you moron it's at an all-time high compared to the USD

>>136056408
All time high? You mean like when it was on par a few years back?

>>136056408
>All time high
t. Retarded under aged leaf

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>>136012247
Housecuck absolutely BTFO

>Buyer who walked away from real estate deal ordered to pay $360K
>Would-be buyer ordered to pay the difference after house ultimately sells for 28% less

Can't walk-away in Canada like you can in the USA, Housecucks.

Shit. What's happening in Vancouver? My family has investment there.

>>136056580
>>136056891
My point still stands. Anon said something about the "Canadian dollar going even lower" which is retarded considering its been going up in the last few weeks

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>>136012648
2% is real estate fees, 5% is home renovations (5% of total GDP is fucking home renovations), and housing/RE in total constitutes $445B of Canada's $1.73T economy or 26%.

>>136057064
Chinks are buying up property and driving the rates up

>>136056932
He signed a contract stating he was gonna buy it

>>136012935
Go away. I want my old Canada back...

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>>136012935
Hahaha hahaha hahaha hahaha hahaha hahaha haha

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>>136057149
Check the flag, he's probably an expat Chink himself.

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>>136056932
>$1,260,000
>$1,260,000

It's practically a palace

>$1,260,000

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>>136050343
>>136051043
BTFO

That's how hilarious our meme economy is

Please Trump pass RAISE asap so White leaves can flee

>152 Randolph
$1.95M, March
$542/sqft

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>>136057064
Ni hao pengyou

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>>136012247
the house I'm selling back in Ontario closes in a couple of weeks, made it out just in time...

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>>136056408
Actually that was 2012 when CADUSD hit 1.09, now its 0.79 after rallying from 0.73 with the BoC pumping it and squeezing net record CAD shorts (150K contracts short).

>75 Randolph
$1.265M
$247/sq ft

-55% in 3 months

>>136057851
你是中国人吗?

>>136057851
Make one with Pierre Trudeau giving Albertans the finger

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>>136058197
Oh sweet summer child. It was Salmon Arm, B.C..

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>>136058197
Here's another.

>>136058105
没有

>>136057070
Because we raised interest rates. Our dollar is struggling. The US pulls the same move and it sends us to sub .70.
Easy money to be made young leafhopper

>>136012247

How are Toronto prices indicative of a crash? The liberal government implemented a foreign buyers tax of 15% and now prices are dropping due to less foreign influence and demand.

>>136012247
Housing markets crash all the time in Canada. Calgary is doing fine after an actual crash 20 years ago.

>>136058798
Vancouver implemented a 15% tax and it was barely a speed bump. Turns out even the Chinese think Toronto's a shithole. Really makes me think.

>>136012247

Based Chinks are gonna rek Canadian real estate for the next 50 years.

Leafs will all be living with the moose now.

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>>136058798
We're now even deeper (19%) in the biggest correction on record

>pic related

Has nothing to do with the measures Ontario introduced as these are all sales done before the legislation came into effect, second none of the measures curbed demand, and foreign buyers were less than 5% of Toronto buyers, a study done by the TREB themselves.

>>136058798
foreign buyers were a small % of Toronto's market according to the data they collected. the tax however did scare the fuck out of everyone else who thinks the market was propped up by foreign buyers. so what Ontario has done is poisoned the markets sentiment and the markets getting crushed because people have lost confidence.

but, if Toronto is anything like Vancouver this change is temporary since Vancouver's real estate has hit a benchmark 1million and has been rising after 6 months of the foreign buyers tax.

>>136059065
>fox issues statement: the henhouse is fully secure, have no fear succulent hens

>>136058702
how to I make this easy money Yoda

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>>136058798
Because Toronto is a leading indicator. 40% of Canada's population lives in Ontario and 90% within a 3 hour drive of Toronto.

>pic related

What does this mean for the rest of the Canadian economy? What about other countries? Will this trigger another housing crash in America?

Is my housing market next?

>>136059351
It means nothing. House prices have been spiraling out of control.

>>136059175
>>136059280

If foreign buyers weren't the ones causing the prices to spike then what is? Why is the price of housing rising so much? I highly doubt that a new immigrant would be able to afford a $700,000+ house.

>>136059217
First, lose the name, faggot

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>all this suffering on the horizon
you cannot break a man that has already been broken

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>>136059533
>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 equity and $946B in contingent liabilities
>60:1 leverage

Banks have lent out 1.4 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

>>136059351
We are small potatoes. Fun factoid: Trudeau phonetically translated into Mandarin is Tudou, which also means small potato.

>>136059533
what makes you think a new immigrant can't afford a 700k house? they are transplanting the wealth they earned from their home country into their new country.

personally, i think it's low interest rates, fear of missing out and lack of supply as the main 3 drivers of price.

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>>136059533
>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

>>136059801
Sorry, slight correction: tudou is potato. Little Trudeau is small potato.

>>136059582
Okay now what

>ChiNada falling apart

mite b cool.

when will China itself crash tho

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>>136059836
Fun fact: Canada's Investor Immigrant Class was cancelled in 2014, right around the time Toronto prices went from $500K to $920K in 3 years.

So there are no investor immigrants. Furthermore, Gender Based Analysis Plus ensures only poor 3rd world immigrants are let in.

>>136060094
1. Buy US dollar denominated assets
2. Sit on them for a bit
3. ????
4. Profit!

>>136059911

prices in Vancouver are at least 15% above what they were on Jan 2017.

>>http://www.rebgv.org/home-price-index?region=Greater+Vancouver&type=all&date=2017-07-01

>>136060321
Vancouver != Toronto

Toronto is crashing now. Vancouver might not right now, but it will eventually.

>>136060507
naga you just said in your other post that van is down 15% i'm correcting you.

>>136016705
wouldn't flooding quebec with refugees make them even more determined to vote to leave ? or are they thinking long-game and trying to slowly change voting demographics

>>136059778

Great explanation anon. What would you recommend to buy puts on to cash in on this canadian crash that is coming?

>>136059065
Thats a BS graph. The numbers may be correct, but the context is fucked. 14% drop after the biggest 6 month gain of all time.
The entire drop only effects the rises of 2017.... If you bought a house in 2016, chances are you made decent money.

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>>136060106
Fun fact: we have zero restrictions on non-resident ownership outside of PEI.

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Does Canada do snap elections? Trudaeu is already a living meme and in the midst of Canadian 2008 crash he'll probably get slaughtered.

>>136060094
apmex.com

Buy silver before Castro's bastard starts running the presses.

Mericabucks would be an okay alternative.

>>136060981
Only if there's a vote of non-confidence in parliament. The liberals have a parliamentary majority, so we're stuck with him for a few years yet. The conservatives here aren't really any better though. They brought in record numbers of immigrants.

>>136060639
Do you really believe that a company has 3.4 bil in assets in nearly a trillion in liabilities?
You do realize who owns those (((liabilities))) if they owners don't pay right?
This faggot been pushing this same copy pasta for over a month

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>>136060766
What's so special about PEI?

>>136015463
what are barrie rent prices now. used to live there 13 years ago. have family on orillia.

>>136061305
It's not a company, it's a crown corporation. Guess who's on the hook when crown corporations go tits up.

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>>136059533
Turns out when you displace your own native population with 300,000 top 1 percenters of other nations annually, it will drive up the cost of housing in the largest cities where these rich immigrants like to congregate.

>>136061329
nothing, it's a shithole have not province that can't stand on their two feet.

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>>136060612
No I didn't..

>>136060615
Quebecors want to separate more than ever. I support this rapefugee flood actually because it'll piss off rural Quebecors and Trudeau will piss off Quebec enough to have another referendum before 2027

>>136060755
Just like any bubble, if you were smart and cashed out, you made money. If you didn't you are fucked. If you bought at the top, you're equity is wiped out and you're likely underwater. Furthermore it's almost impossible to exit for early bubble-riders as in order to sell you're going to have to offer ever-increasing haircuts as desperate people try to GTFO before their entire home equity is gone.

>>136060639
The thing is you can't short a house or open a derivative. The easiest thing to short would be the loonie, because once the CMHC goes broke the Feds will have to print endless debt to fund the CMHC's contingent liabilities, which will fuck the loonie. Also the depression that will ensue will likely result in Poloz going negative, so that would fucking send the loonie to sub 50 cents very quickly.

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>mfw I can literally live self-sufficiently and be untouched when our retarded economy sinks to the bottom of the maple ocean while Toronto, Montreal, and Vancouver burn like the immigrant laden hellholes they are

Been awaiting this day for a long time.

>>136061329
Racist shitlords who actually care about where they live.

>>136060615
most of immigrants leave quebec for the roc after getting their visa. but thoses haitiens speaks french and may be able to be converted by the independentist movement

>>136061167
He's already running the presses to the tune of $40-50B/year, and it came out Canada will run deficits until 2055 or later... that's without a housing crash factored in topkek.

>>136061512
>hence prices have stagnated or dropped (as in Van, already down 15% this year).


right there you thick motherfucker.

>>136012247

'Still up 11% YoY'

The horror!!!! Stop this silly bullshit. Getting everyone thinking the sky has fallen, when there has barely even been a correction.

OP...You are a pathetic attention seeker.

Just fuck off and stop making threads.

>>136012247
GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!
>GET FUCKED BUBBLEHEADS!!!!!!!!!!!!!!!!!

>>136061708
Were wages up 11% y/y?

>>136061564
just rural things

Feels good
>eventually the nearby city is going to expand close enough to drive my comfy property's value through the roof
>going to have to move, which sucks
>will sell for 10x what I paid for it though

>>136061634
If by roc you mean Vancouver, I agree with you. Quebec loves to fuck over the rest of Canada.

>>136027187

a fucking brony

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>>136061488
300,000

Canada 1995, 27M whites, 2M non-whites
Canada 2017, 25M whites, 12M non-whites

-90K whites/year
+454K non-whites/year (average, in the 90s it was around 50-100K non-whites, today it's around 800-900K).

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>>136061818

>>136012247
Buy the dip niggers before the chinks do

>>136061675
well it's stale pasta from earlier this year, maybe i'll update them soon

Montreealfag here how fuck am I?

>>136061985
What the fuck.

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>>136062623

>>136025790
Please do anon. We need some white landowners left here other than me.

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>>136016705
The more I look into quebec the more it seems like they have been fighting this very battle back before we were even born. Quebec is our greatest resource so all leafs should learn about the referendums and the sovereignty battles.

>>136044725
There you are, I was getting worried.

>>136062799
What fucking battle?
>be Quebec
>French trade entire province for some tiny islands in the Caribbean after being btfo by the Brits
>collect gibs from Anglos in perpetuity bitching non-stop how hard done by and oppressed they are

>>136062623
The 250-300K # "skilled immigrants" they always point out is a lie by ommission. It only includes economic immigrants and family reunification.

There's also Labour Mobility Class, Temporary Foreign Workers, Seasonal Workers (outside of TFW), Live-In Nannies (all Fillipinos), etc programs

That's just permanent resident programs. There's Temporary Immigration, which are 10 year dual live/work VISAs (aka PR) and the government gave 1.2M of those out in 2015.

>>136061305

I said what should I buy PUTS on faggot. Do you know what puts are?

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>>136061512
If quebec does have a referendum then it can totally BTFO any of the diversity is a strength people because we can point out exatcly why diversity is not a strength.

People often talk about having a sacrificial lamb that will need to collapse in order for the rest of the world to fix things. People often say its going to be Sweden or Germany, but it might also be Canada, but in our case we wouldn't need to collapse under the weight of our own immigrants, but rather quebec separating could be the thing that kicks off the chain reaction that fixes things worldwide.

>>136061512

Thanks again anon.

In your estimation, how far away (time wise) is the loonie from crashing? 6 months away? 12 months away? 18 months away?

>>136012352

what idiot pay 200k for a house in Canada???

ITT: a bunch of 17-25yr olds who live at home or in a rented apartment with roommates who have no understanding of the housing market and choose to scapegoat foreign buyers as an excuse for not being able to save up a 5% down payment to own a home. Also unironically using Toronto and Vancouver as national benchmarks. Top pip. Can't wait to hear from all the rentcucks how im an idiot for owning a paid off home before im 30.

>>136064209
Lol, he's saying that based on the average home price, they've lost nearly $200,000 in value of the home.

I doubt it's going to come soon but I do expect a tumble in about 12-18 months - mainly dependent on whether or not the BoC keeps ticking interest rates upwards.

I've already got a downpayment saved but I'll be damned if I'm going to buy in right now

>>136061167
already have silver, just bought some
>>136060320
all my money is in US dollars (I get paid through paypal in American dollars but don't exchange them for Canadian dollars unless necessary)

>>136061472
The (((company))) that can raise the debt from 62% (Debt to GDP) to 92% in 10 years?
Or from 834 billion in 07/08 to 1.3 trillion in 15/16? (8 years)
You cannot make stats based on value being zero. No house will fall to zero value.
The (((Crown))) owns your land if you default.
That was more my point.
Remember in Canada, if you file bankruptcy and have a job, you make payments on your debt until an the agreed upon sum is met.
They will leech you for life.
We also renew our mortgages usually every 5 years. Meaning, this change has a period of 5 years to correct, or persons make enough payments in that time to correct the change in price. (5/25(most pop. length) allows for a natural 20% correction from the time you buy your house till mortgage renewal.
Like I said, the only people effected right now bought houses after April this year.

>>136065187

Why the fuck would anyone take on a mortgage that renews every 5 years?

>>136062799
>>136063833
Shut the fuck up and separate then? You cowardly cunts have been using it as a threat to get what you want for years now and once your corrupt bureaucracy gets its money and they shut up and wait until next time. I'm so sick of the attention-whoring quebercs in every canada thread with the same tired bullshit. hut the fuck up and do it please.

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>>136012648

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>>136063607
No, you said great explanations.
If you believe that the Canadian housing bubble is about to pop, hammer the banks.
Buy entertainment as it always rises during a depressing time.
Although, the housing market has wrecked the stock market both in 2001 and 2008.

>>136063607
Well, MIC, EQB, HCG are 3 heavily exposed players to the Toronto market. You can do option plays on those, but keep in mind the Canadian government actively manipulates shares; for example, Home Capital Group was about to go bankrupt due to people pulling their deposits, they had $29B in assets (uninsured mortgages on Toronto houses). First they get some LOC for $2B with DIP financing, backed by $5.4B in mortgages. Then they almost draw down the entire LOC (at 22.5% interest for 1st 1B, 10% for rest).

Then Trudeau and Morneau (Minister of Finance) personally visit Warren Buffet at Bill Gates' mansion in Seattle and convince him to offer a new LOC and buy diluted stock at 50% off, just to put his name behind HCG. The Feds also manipulated the borrow on HCG from 2-5% to 80% to prevent shorts from piling in.

You have to be careful when dealing with the Banana Republic socialist government here.

An alternative would be to short CGB's at the end of the yield curve (20-30Ys) given that if the GoC starts mass printing debt prices will crash and rates will go up

>>136015463
>i've seen huuuuuge amounts of people from Toronto taking all this new "equity" from houses and spending it on (cottages, new boats, investment properties
ok, so these people's houses become a fraction of their previous worth, they spent the "equity" their house was worth, they cant afford the repayment that people will surely seek, then the bank takes on all the debt? or will the government bail them out?

>>136012247
Looks like Canada finally feeling the heat for once

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>>136064209
Average house price in Canada is $800,000

In Toronto it's $1,300,000

t. Dracula BTFO

>>136065433
Law.... in other words..... (((forced)))

>>136064209
they're far higher than that in large cities

>>136012247

This can't be right. It's the most diverse city in Canada. Whites are even a minority there.

They should have flying pyramids and magic carpets by now.

>>136066337
>>136066543
Harper was amazing.

Libtards ruined our economy in ontario and now they are doing it to the country.

>>136027187
is Trudeau a crypto-Jew?

his nose is quite large and hooked

>>136062799
Lies, lies and more lies, compounded by lies. What a utter fabrication of a screenshot.

I've been waiting for the real housing crash since 2006. The last one did not revert prices in most American big cities to historical Case/Shiller index mean. They reported on locations like backwater Florida condos taking a huge dive, but most places just received a haircut, and the fed printed to infinity with bailout money on the order of trillions.

The Fed has printed nearly the equivalent of ALL circulating U.S. paper money on Earth, every year, since 2009. A lot of that money went to buying toxic mortgage-banked securities that would have made the banking system insolvent. The U.S. Gov't bought Fannie & Freddie and backstopped the entire industry. The biggest dead-cat bounce in history was on.

I used to see reports that would explain how the U.S. national debt had a cutoff limit around 21 trillion, at which point they could no longer service the interest on it, which is all they're paying back anyway. Unless some new (((tricks))) are devised, this whole run-up is finally coming to an end.

The boomer's gamed the system by rewriting regulations that benefited them at the expense of their own children's futures. Their affordable houses tripled in value, their free colleges and cheap healthcare skyrocketed in price, their unsustainable retirement benefit schemes have guaranteed that there will be nothing left for their children who are the only ones left paying in them. There's not a resource left that their generation hasn't strip-mined to keep their entitled way of living afloat.

At some point there will be a collective realization, and they will become the most hated generation in American history.

>>136061564
yeah and all those immies spill out to Alberta and Saskatchewan

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>>136066934
No, he's Castro's illegitimate son

His mother is a gigantic whore who used to do gangbangs at Club 54 in NYC. You can google her and find pictures of her cunt online

>>136066543
this is a good thing burgerbro

>>136067674
Now this could be true. Trudeau SR was an OG cuck

>>136012247
Please let there be synthetic CDOs.
Please let there be synthetic CDOs.
Please let there be synthetic CDOs.

>>136059533
Foreign buyers excludes permanent residents and those on visa programs.

They're already here.

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>>136012247
no one wants to be in canada paying 60% tax. If you were rich and successful why wouldnt you come to america?

https://www.youtube.com/watch?v=8_QnE9-iK80

>>136067674
d-daddy?

Bring down the US market too I want to buy a house in the next few years but the prices are too high now.

>>136068306
The one I wanted was listed at $480 now but $299 in 2015.

I always miss the bus.

>>136068080
Because the vast majority of Canadians are neither rich nor successful and everyone that is leaves the second they can anyway.

>>136067579

ten years after real estate bubble crash in Spain = prices are still up, even are gazillions of unused homes.

Can confirm, all Chinese Landlords here in Toronto are going nuts, Cadillac's and Benz's are being re-pod by angry Asian people everywhere

>>136018027
The NGOs are such a massive crime family. They just impounded one of their human trafficking ships in Italy.

Where do I start over lads? I am closing in on saving 10km which is start over money for me. I'm in the Toronto area right now but don't live in the city. I need to get out of here before things get real bad.

>>136069162
Life of a repo man is always intense.

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>>136066934

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>>136014691

Will you be live-streaming your suicide?

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>>136066883
>the man that did everything he could to sell us into slavery to the chinese
>amazing
no
fuck you
He may have been better than the fucking liberals, but he's no less a traitor than they are

>>136018367
It means dem po-lees is raycis

>>136069896
Do you have a degree in STEM? Trump literally just announced he's changing US immigration to favour young, White STEM majors for immigration.

>>136055457
The story of the white race in the 21st century.

>>136052224
Damn, the top picture looks like a nice place to visit. The concrete jungle beneath it is horrifying.

>tfw bought in Hamilton in 2015 for 120k
>look online to see what condo is selling for
>average of 230k

Thanks for the free money Torontards.

>>136014691
I want to buy a house in the area around Lake Simcoe-to-Lake Scugog region
is that far away enough from toronto to dodge the brunt of the crash when it goes nuclear?

real estate is crashing
hydro bills are rising
Ontario sure knows how to fuck you

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>>136012247
>wanting to buy real estate in a location overrun with jihadists

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>>136070846
>Ontario sure knows how to fuck you
mfw

>>136012247
Former Torontofag here, I wish this were true but its just going to be a soft landing after the rules they put into place to try and cool the market came into effect.

Same thing happened in Vancouver, there's not going to be a crash, just a cool down. Also condominiums in Toronto are not cooling down, they are still increasing.

The damage has already been done, detached family homes that aren't absolute garbage are never going to dip below $800-900k. Average is still above $1 million.

I'd love to be able to buy a home in the city I grew up in but its not a reasonable thing to do.

>>136012935
Ottawa is going up in all markets, Toronto (non condo) housing is cooling off.

>>136071866
>psychotic denial

>>136071978
>elect government that runs on platform of massive deficits (and wins)
>prices go up in capital city with 100000+ government employees
Really fiddles my diddle.

>>136072134
m8 I want Toronto to crash, then I could actually fucking afford to live there. I'm in Ottawa right now and the rent is reasonable compared to there but housing prices are rising quickly.

Someone I knew built a giant custom house for like $600k and it started construction like 2ish years ago. Now in the same area crappy low tier prebuilts are going for $500k. I think the custom house will probably be appraised at like 750,800k

>>136072329
Someone told me that Ottawa Valley was hella conservative but its liberal as fuck. There's this one riding east of the city that seems even more hardcore liberal than Toronto. Also blame this cunt >>136071692

>hydro rates and gas prices go up because muh environment
>sellout province-owned hydro company when we have surplus
>sign lengthy contracts with private companies to sell us power (when we have a surplus) at absurd prices
>buy power from US coal fired power plants after doing all that in the name of muh environment

She's satanic

>>136046059
Its so much worse in Vancouver

>>136072632
Cities are cancer. Rural areas outside the prairies are usually conservative.

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>>136072747
I think Victoria wins for that one. Homeless people move where the weather won't kill you in the winter. Pic related, it's a tent city outside the provincial legislature.

>>136069896
Where do you live that you use kilometres as currency?

>>136062799
>The more I look into quebec the more it seems like they have been fighting this very battle back before we were even born. Quebec is our greatest resource so all leafs should learn about the referendums and the sovereignty battles.

That's true. They can be the spark that sets things off. Anglo Canada will never do it on their own. At least with Quebec nationalists you have a tight-knit populations that feels like they're always under attack. I remember i the run-up to the last referendum a couple of knuckleheads in Brockville, ON stomping all over the Quebec flag. This helped sway polls more towards the independence side. Imagine what we can do these days with social media and false flags, etc.

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>>136070241
>about finish my aerospace engineering course
splendid to hear that I wont have my life end at the hands of a feral brown

I have a lot of savings and want to buy a house. What should I do?

>>136070241
I'm just a blue collar Joe. I could see myself in mechanical engineering down the line. Right now I work 60-70 hours a week trying to save before the bad times. States would be cool but I enjoy colder weather

>>136069896
If you pay a fair rent, you should stay. New laws mean there's only a small amount your landlord can increase rent every year (this is partly why the market is cooling as well). Toronto has lots of job opportunities in many fields esp finance and STEM, so just put that shit into your savings and find a good job m8

>>136070241
Green card is no longer a lottery? Also if you are a STEM fag immigration is already easy peasy because you just get a job in the states using a TN visa. The process from there is straightforward, tons of people do it

>>136066883
>Harper was amazing.

Harper was a zio cocksucking shill. The cons in Canada are Canuck Rinos. Save for a few socials conservatives that will never get to leadership level, all Canuck cons are zio neocon.

>>136073947
Buy one in the states if you can get there.

>>136062623
2016 Census just came out but they didn't realease any data on race/ethnicity

Canada is kiked man

>>136073206
In a car apparently

>>136074127
In October they supposedly are
"supposedly"

>>136070241
When? I have a stem and 200k saved

I want out

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>>136012247
The roof, the roof, the roof is on fire,
We don't need no water let the motherfucker burn,
Burn motherfucker burn.
>http://www.torontosun.com/2017/08/02/andrew-scheer-is-a-feminist
Hit me, Norway.

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>>136074855
https://en.wikipedia.org/wiki/RAISE_Act

He gave a speech on it yesterday

Right now US immigration is 1M/year, 50K of which are diversity lottery green cards (non-whites), and a lot others are non-white family reunification (aka mainly non-whites)

Now it will be cut down to 600K overall (down to 500K in year 10)
- Diversity Lottery Gone (-50K)
- Family Reunification down to immediate family (kids, wife/husband only) (so maybe 100K/year)
- Refugees down to 50K

So the rest (400K) will a point system, based on:
- English Language proficiency (they will be very strict on this apparently, so Pajeets and shitskins BTFO)
- Skilled/Professional University Degree in an "employable field" (aka STEM only)
- Ability to sustain yourself financially (job offer, MUST pay MORE than in your country of origin, so employers can't use it to get cheap labour) or assets
- Traits associated with ability to succeed in America (ie. how well will you assimilate)

So basically Chinks, Poos, Pajeets, Africans and Muslims all btfo

Basically if you're in your 20/30s, speak/read/write Fluent English (not Indian English or ESL), have a Math/Engineering degree and you have a job offer you get a green card immediately and Trump also kept repeating "accelerated path to citizenship", so I'm guessing this new class will be able to become US citizens in less than the normal 5 years after becoming PRs (3?).

Plus bonus points if you have some assets, X years experience, have lived/worked/studied/visited the US, have ties to America (friends/family), etc...

>>136065529
>>136067564
Wow, the anglos really are all lying kikes.

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>>136074127
>2016 Census just came out but they didn't realease any data on race/ethnicity
That's some top notch (((fuckery))) right there

>>136012247
Meanwhile a shack in my city is worth $500k right now.

>>136018027
>That muslim smiling

>>136059533

Simple.

1. Demand. 300,000+ new "Canadians" every year, many are adults and families who need some place to live.
2. Supply. "Livable" land in Ontario, Quebec, and BC (the main target provinces of immigrants) is actually quite limited. The footprint of housing all these people is huge too, everyone wants to live in a detached home with a patch of grass in the front and back, so we get huge sprawling suburbs that are a blight on the country.
3. Ease of borrowing. Up until a couple years ago, it was very easy and relatively cheap to get a mortgage, and people are dumb and took 40 year mortgages while working in a sales/factory/mid-tier services job.
4. Boomers. Fuck them.

Will it spread westward?

>>136076488
Good, also for family sponsorship, does a step mother count as immediate family?

If so i can get sponsored that way too

>>136022876
>>Neon Daneyon Jemmott
>>Neon

I've met his son. A really nice kid.

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>>136012247
I hope we can rise up again and blame it on (((them))) : )

>>136076766
So do something about it. Instead you'll bitch like the cowardly victim you are and all you will ever be.

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>>136052224
>was
I see why they call it hogkouver, Do their dwellings are like pic related?

>>136012247
>At this rate we'll be in negative by December (probably before).
The State will buy houses.

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>>136079334
There's a backstory: he's literally laughing his ass off that they won't deport him on "humanitarian" grounds. Just cuck my shit right up fampai.

>>136066459
>they spent the "equity" their house was worth
Spending the equity is a form of cashing out in a declining market with low liquidity.
So long as the state and real estate industry is able to keep up the fiction that their assets are worth something, those assets can be leveraged to transfer the investment into other areas.
By the time the whole real estate market collapses, the owners will have diversified enough into other sectors to ride out the storm or simply walk away from their existing debt which is written off/transferred ot the taxpaper en-masse.

>>136012247
You guys realise this is our like 4th housing bubble its fucking normal now

白猪滚回家

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>>136083712
>fourth
well this is just getting more unpleasant by the hour

>>136085478
It's all cyclical. With any luck the Chinese will be left holding the bag on this one.

>>136012935
losing 200k in value on your house in a few months is a crash.

>>136018027
Black people make up 2.5% of our population and represent like 80% of the people on this list.

>>136012247
KEK you guys are fucked

>>136087388

>>136065834
If Ron were real he'd fix this.

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>>136018027
lol if you can search <city> murder on google and find a foreigner- you're cucked.

>YoY +11
What's the big deal?

>>136028822
You're not even from here. The conservatives brought in just as many foreigners and Chinese fraudsters. They just didn't virtue signal about "diversity".

>>136057064
Chink spotted

>>136066337
>The Feds also manipulated the borrow on HCG from 2-5% to 80% to prevent shorts from piling in.

Sauce?

>>136012247
How and why the fuck did people buy houses during a bubble?