Comments on: Canada’s Economy Is Still 30% More Dependent On Real Estate Than The US In 2006 https://betterdwelling.com/canadas-economy-is-still-30-more-dependent-on-real-estate-than-the-us-in-2006/ Canada’s Fastest Growing Real Estate News Source Sun, 04 Sep 2022 15:44:48 +0000 hourly 1 By: Bob Walter https://betterdwelling.com/canadas-economy-is-still-30-more-dependent-on-real-estate-than-the-us-in-2006/#comment-85658 Sat, 03 Sep 2022 17:25:40 +0000 https://betterdwelling.com/?p=21775#comment-85658 @Rick Abrams: it is a good point you are making but Canada looks to already be past that point of overinvestment, for example:

https://betterdwelling.com/canada-is-now-completing-18-homes-for-every-person-the-population-grows/

A lot of confidence that Canada will be OK in housing is based on massive immigration. How many of those immigrants though will turn out to have an appetite for living in an increasingly fascist and unfriendly country. If immigrants are willing and able to move to Canada they can be able to move somewhere else in the world, and Canada is dropping fast in the rankings.

So housing might still have a lower downside than predicted.

]]> By: Ron Bruce https://betterdwelling.com/canadas-economy-is-still-30-more-dependent-on-real-estate-than-the-us-in-2006/#comment-85643 Thu, 01 Sep 2022 21:09:37 +0000 https://betterdwelling.com/?p=21775#comment-85643 “Residential investment is real estate’s most direct contribution to the economy” Warehousing bodies are more important than manufacturing. Jobs in construction are temporary as workers move from one construction site to the next. By the time a construction worker reaches the age of 40, they limp home after work. In comparison, local and foreign finance (Banks) Realtors and insurance/legal costs are “real estate-driven”. No one picks up a shovel providing these services.

]]> By: Rick Abrams https://betterdwelling.com/canadas-economy-is-still-30-more-dependent-on-real-estate-than-the-us-in-2006/#comment-85642 Thu, 01 Sep 2022 21:06:23 +0000 https://betterdwelling.com/?p=21775#comment-85642 The less dependent the better. That means Canada is satisfying as basic human need and the nation is not dependent on corruption. When a place like Los Angeles keep building long after it has a glut of housing, then you have a gigantic problem It’s similar to being a narco-drug state where the economy is dependent on the drug trade doing well. One big drawback is that far too many workers are engaged in non-productive work as far too money are involved in the corruption. What does LA have after it constructs high end apartments which no one wants? A homeless crisis since LA tore down its rent controlled units and forced tens of thousands of poor people onto the streets.

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