Comments on: Canada’s Real Estate Bubble Grew Faster Than Any G7 Country In The Past 30 Years

By: Leo Downey

Leo Downey — Wed, 13 Oct 2021 18:51:43 +0000

In reply to David Chan. I'm glad to see your comment about screwing it up royally! That is precision drilling right there. Our celebrated leader wants more immigrants to drive valuations higher!

By: Vic

Vic — Wed, 13 Oct 2021 06:29:35 +0000

In reply to Brandon. But wait a minute, there are 350,000 new immigrants enter Canada every year and thats the engine , money contribution and population growth.

By: questions guy

questions guy — Wed, 13 Oct 2021 04:17:52 +0000

is it possible other G7 countries are more honest about their stated inflation rates?

I know Canada’s calculation is laughable

By: V

Tue, 12 Oct 2021 20:26:20 +0000

If they would have stopped these blind bindings before this got out of control I doubt dumb individuals would have overpaid as much as they did. It appears Canada has a lot of desperate people looking to get into a house and are willing to be house poor!

By: supply

supply — Tue, 12 Oct 2021 19:28:18 +0000

https://voxeu.org/sites/default/files/image/FromMay2014/rogoff21septfig1.png

By: CG

CG — Tue, 12 Oct 2021 17:47:16 +0000

There is one word to describe the housing market in Canada today and that is “UNSUSTAINABLE”. Couple these increases with a inflation and a recession (stagflation) and then remember what happened to interest rates in 1980-81. Interesting times ahead.

By: Brandon

Brandon — Tue, 12 Oct 2021 17:38:30 +0000

In reply to Kelsey. Those are both small islands with structural advantages. Monaco being a global tax haven for the ultra wealthy, and Hong Kong being the only way for most people in China to obtain citizenship abroad.

By: Chacha

Chacha — Tue, 12 Oct 2021 17:33:58 +0000

Soooo…should I upgrade now?

By: Chacha

Chacha — Tue, 12 Oct 2021 17:32:22 +0000

In reply to David Chan. Geez that's a good point...which millennials can buy a 2 mil house?

By: Trader Jim

Trader Jim — Tue, 12 Oct 2021 17:22:29 +0000

In reply to Kelsey. My income tax liability would be 1/5 to 0% of its current level in any of those countries. So yeah, triple the price to carry it sounds about right. But then you're also comparing the opportunity of doing business in those places vs Canada, which isn't even in the same league unless you need a lot of cheap labor and don't generate income personally, but only through a corp.