Comments on: Canadian Real Estate Prices Will “Rip” Higher Due To The Fed: Scotiabank

By: Tia Wolfe

Tia Wolfe — Mon, 10 Apr 2023 17:50:49 +0000

In reply to Tara.

No, poor literacy is what’s wrong with the financial system as a whole. The article is about a bank telling investors why they see higher prices.

I know communists think if you hide a problem it doesn’t exist, but that’s not how the rest of the market works. Now go back to being tricked by real estate developers claiming there’s no concrete to build houses, so you need to give them a tax break.

By: Terrance Yu

Terrance Yu — Mon, 10 Apr 2023 17:39:59 +0000

In reply to J Dow. No, the "Feds" are the FBI in the US. Canada is a different country, with different government and slang. The Bureau also refers the FBI and Census Bureau, the US version of StatCan. Wild, right? It's like the US is a whole different country or something.

By: Timmie O'Toole

Timmie O'Toole — Mon, 10 Apr 2023 17:37:26 +0000

In reply to RWZM. In the US the Fed is the Federal Reserve, and the Feds are the FBI. In Canada the Feds are the Federal Government. Surprisingly nicknames mean different things in different countries.

By: Dennis_K

Dennis_K — Mon, 03 Apr 2023 21:11:11 +0000

When reading stuff like this, it makes me wonder who exactly is driving the government’s decisions on policies related to housing affordability, given the BoC’s own research showing it’s a folly relative to the government’s stated intentions? What’s the end-game here, and why? How will the effectiveness be gauged, and who will be held to account should it fail to meet expectations?

By: Hj

Hj — Mon, 03 Apr 2023 19:50:07 +0000

In reply to RWZM. Agreed

By: AJ

AJ — Mon, 03 Apr 2023 19:14:56 +0000

I read some articles , including some by Joseph Barbuto, that the recession is imminent and that the housing prices will crash after 2025 to sync up with real wages.
I agree because like you said the immigrants are under employed on low wages, to be able to afford the homes at the current prices.

By: AJ

AJ — Mon, 03 Apr 2023 19:12:48 +0000

In reply to Frank. I agree too. I initially thought it was referring to US

By: Frank

Frank — Mon, 03 Apr 2023 17:40:11 +0000

In reply to RWZM. Actually, I agree.

By: J Dow

J Dow — Mon, 03 Apr 2023 10:00:27 +0000

Indeed. The Fed refers to the U.S. Federal Reserve and the Canadian federal government can be referred to as the Feds. Though in this context use of either is unnecessarily confusing. Small distinction but that’s the way it’s been for decades.

By: Kevin

Kevin — Sun, 02 Apr 2023 23:32:07 +0000

In reply to CD. Banks and government were making money hand over fist,this out of control bus could have been stopped well before where we are at now. Time to make new cities for the young and first time buyers, give free land to young families give them a future they can actually obtain without being a slave