whoa, someone needs a time out. release your sphincter and breathe lol

Live your life ZZ, f*ck what BD is writing, Globe and Mail would be your kind of read. This shit is stressing you out!
Lock in your rate now and start reading something else, you’ll feel better.

Good Luck man!

But incomes never really went up more than 1% a year in Ontario…due to the increase in precarious work. Wages don’t get bid up in boom times anymore because employees don’t have any bargaining power. The whole incomes vs rates discussion is no longer relevant.

I love borrowing money at 2.1%

The differences between an Investor, a Speculator and a Gambler are as follows:

Investment: Capital outlay to generate a “Cash-Flow”.
Speculation: Capital outlay to generate a “Capital Gain” (usually based on an aberration).
Gambling : Capital outlay to generate a “Capital Gain” (based on probabilities).

Capital and Labour agents will not be supportive for households in their effort to repair balance sheets if real estate values fall below recent mortgage creations.

Long term chart of Canadian Household Debt, GDP, Foreign Direct Investment and Balance of Trade: http://www.chpc.biz/household-debt.html

Balance of trade is not very supportive either for production (sales/income). We have become entrenched consumers, not producers.

@Zz out of curiosity I’m just wondering whether you’re an agent or a high leverage speculator? As from all of your posts it’s quite obvious that you’re one of them.

Which is technically a 22% loss for the holder based on a cumulative 2% annual inflation model… and then who knows how long trading sideways losing 2% / annum.

I’ll save everyone the clickthrough, it’s not happening in happening in Toronto. Companies have to attract a work-life balance, and Toronto has a hard time attracting high level employees.

Real estate in Toronto costs as much as on Long Island, which is a part of a metro area that produces as much GDP as all of Canada.

omg, say it aint so! 🙂