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Topic:
Canadian Housing Bubble popping. Get out while you can! [Locked] |
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
From Dr. Housing Bubble Blog:
"On January 15 we discussed the Canadian housing bubble and many people fell off their rockers as if this was some sort of spectacular revelation. Reading through the comments on the Canadian bubble post is very reminiscent of 2007 in California where the “not in my back yard†arguments dominated the discussion. The nature of this housing bubble is global and the collapse of markets across the globe will have wide ranging impacts that are yet to be felt."
http://tinyurl.com/7j8pwb6
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It is no measure of health to be well adjusted
to a profoundly sick society. - Jiddu Krishnamurti
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Manegarm  Title: European Imperialist Good Guy
Posts: 1,964
Registered: 2003-8-11 10:01:52
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
Nice, we were due for some more bad economic news.
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Europa Eternita!
"Damn, Manegarm; you are HAWT!! " - Taolynn
"To the everlasting glory of the infantry, Shines the name Shines the name of Rodger Young"
ALWAYS ANGRY, ALL THE TIME!
Nein mann ich will noch nicht gehen
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Ptilk Title: Creepy old pirate
Posts: 2,359
Registered: 2002-2-13 14:52:58
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
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Can't you just pour hot water on the igloos and melt half of them?
Boom, no more housing bubble.
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tenkly Title: Best looking Outposter.
Posts: 1,079
Registered: 2007-3-7 22:50:38
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
We're going to be just fine.
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"Sir, when you die, what shall we do? Bury you? Burn you?" "Nay. I shall be mushroomed"
"  ou're a weird dude, Tenkly. Knife fights with women and you dress your cat up in sweater vests."- ZigmundZag |
imaloon1  Posts: 674
Registered: 2003-9-15 07:19:53
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
Resource wise yes, economically no.
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The time draws nearer to your fate
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tenkly Title: Best looking Outposter.
Posts: 1,079
Registered: 2007-3-7 22:50:38
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
Guaranteed less than 10,000 people will lose their jobs in the next 2 years.
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"Sir, when you die, what shall we do? Bury you? Burn you?" "Nay. I shall be mushroomed"
" ou're a weird dude, Tenkly. Knife fights with women and you dress your cat up in sweater vests."- ZigmundZag |
imaloon1 Posts: 674
Registered: 2003-9-15 07:19:53
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
If you think that's the only factor going into determining the economic health of your nation you're dumber than I've ever thought.
Mcdonalds workers replacing your engineers doesn't mean your economy is healthy.
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The time draws nearer to your fate
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tenkly Title: Best looking Outposter.
Posts: 1,079
Registered: 2007-3-7 22:50:38
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
Guaranteed that probably won't happen. But keep thinking you actually know anything about Canada. 
Forget about the fact we just landed a 25 billion dollar contract for designing and buildings ship just a few months ago.
Halifax's Irving Shipbuilding is getting the $25-billion contract to build 21 Canadian combat ships and Vancouver's Seaspan Marine has been awarded an $8-billion contract for seven non-combat vessels, the federal government announced Wednesday afternoon.
Defence Minister Peter MacKay said it was a very exciting day for the Royal Canadian Navy because the ships will help them prepare for the challenges of the 21st century.
He also congratulated Irving, which is based in his home province.
So I'm sure they'll find jobs for people that have a better use than flipping burgers at mcdonald.
http://www.cbc.ca/news/politics/story/2011/10/19/pol-shipbuilding-announcement.html
We also have a few other projects similar to this one starting in the next year or so.
You guys still even haven't recuperated from your 2008 failure. 
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"Sir, when you die, what shall we do? Bury you? Burn you?" "Nay. I shall be mushroomed"
" ou're a weird dude, Tenkly. Knife fights with women and you dress your cat up in sweater vests."- ZigmundZag |
tenkly Title: Best looking Outposter.
Posts: 1,079
Registered: 2007-3-7 22:50:38
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
Rona Ambrose, the minister of public works and government services, which handles procurement, said the contracts will provide 75 million hours of work and 15,000 jobs annually over the next 30 years.
Yep, gonna be out of work guys, pack your shit up and move to the states they're doing so much better !
-----signature-----
"Sir, when you die, what shall we do? Bury you? Burn you?" "Nay. I shall be mushroomed"
" ou're a weird dude, Tenkly. Knife fights with women and you dress your cat up in sweater vests."- ZigmundZag |
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Date Posted:
1/1/00 12:00am
Subject:
Canadian Housing Bubble popping. Get out while you can! |
You sound just like America back in 2006, Tenkly. "But it's different here!!!"
It happened anyway.
Canadian house prices have tripled in the last decade while incomes have stayed level. Mathematically speaking that can not be maintained, especially with the added increases in food and fuel cost over the last decade.
HELOCs and Credit Cards can only keep the illusion going for so long.
-----signature-----
It is no measure of health to be well adjusted
to a profoundly sick society. - Jiddu Krishnamurti
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