Thread 514744157

>https://betterdwelling.com/canadian-real-estate-is-crashing-at-one-of-the-fastest-rates-ever/

Looks like Leafland is where Japan was in 1989
Be prepared for a lost decade

>>514744157 (OP)
We are in year 11 of a lost decade. This is the second decade of decline due to the demented globalist governance. Socialism, feminism, globalism and anti-White ideology is insane garbage. Canada needs extreme purges of commies. All institutions.

>>514744157 (OP)
Don't really care. My mortgage is paid off, and the house has tripled value since I bought it in 2013.

>>514744157 (OP)
So it's only 4x overpriced rather than 5x overpriced? This will surely make a huge difference.

>>514744624
once the coming blood bath is over it will be worth half

>>514744157 (OP)
But Leafbro, we just completed a lost decade.

>>514744422
canada is not socialist, globalism is neo liberal

>>514744763
Lmao no it won't. I've been hearing this since I bought my first house in 2003. 4 bought and sold later I just keep profiting

>>514744624
It won't effect those who use their houses to live in. It will effect speculative investors, flippers, and those relying on the price increasing.

Most houses in my area are down 30% from last year and it still has a long way to go IMHO. If rates increase even more delinquencies will pile up.

>>514744624
Its mostly speculators and retards who bought 500 sq ft condos for 700k back in 2022.

There's also a tsunami of people having to refinance their Covid era mortgages now which will just add fuel to the fire. I think the govt knows shit is fucked but at this point doesn't want to inflate the bubble any longer so they're watching it collapse

>>514745243
A lot of people who bought at the peak will get hosed even if they aren’t speculators. The housing sector needs to cool off if Canada is going to have any semblance of a real economy going forward but there’s plenty of ways it could go south.

>>514744157 (OP)
>be me bong
>buy flat vancouver 2000 £120,000
>sell flat vancouver 2019 £1.3 mln
thanks for the free money leafs.

>>514744157 (OP)
Toronto will still have high prices for these factors:
>immigration still continues which means rents will stay the same or increase thereby making home prices static
>Ford removed certification barriers for tradies in other provinces, most of them will end up in the GTA, rents and home prices won’t crash
>Toronto will remain the economic service engine of the country and hundreds of thousands of other Canadians will want to live here thereby increasing or maintaining rents/home prices
The Toronto metro area will end up being Canada’s own Singapore. The jobs and high incomes will be here and the rents and home prices won’t ever crash. Basically, the entire purpose of Canada right now and forever is for Toronto to remain Toronto.

>>514745758
You realize Toronto has one of the highest unemployment rates in the country. Its currently at 9% which is almost as bad as Windsor. That city's main employment is healthcare and working ubereats.

>>514745538
This will happen every where in Canada except the greater Toronto area. Toronto won’t ever crash, it’s baked in. Toronto is going to double in population from 8 million today to 16 million within 20 years and most of these people will actually come from other provinces instead of imported nonwhites.

>>514744157 (OP)
>Have foreigners buy up property
>Cause people to leave due to price going up
>Foreigners sit on properties that will never sell due to price as well as economy being in an absolute slump right now
>Foreigners cannot allow others to immigrate from their home country or others unless they have the capital as they will be selling at a loss

No duh. What else Trudope and his ilk think would happen, that money would be magically printed to buy that land?

>>514744157 (OP)
It's also happening in NZ.

Hope it starts in Aus soon too.

>>514745904
That is by design, Toronto is a service economy and also the financial beating heart of Canada. Industry is pretty much all dead if tariffs are baked in; Canada will become Russia and Toronto will become Moscow. Toronto won’t crash and the unemployed neets will be a pool to always keep down wages.

>>514744157 (OP)
Quick, import more streetshitters!

>>514745915
Condo prices have been going down there.

>>514745538
>those relying on price increasing will get hosed
Glad you can read my post

>>514745915
Sales numbers are down 30%, prices on average are down 20%, time sitting on the market is up almost double. All the indications are flashing red. Do you need the TV man to tell you things are crashing?

>>514745925
Most of the money was domestic (like upwards of 70%).

>>514745904
Where in Canada are there jobs? The only jobs in Canada are shitty low pay low wage heavy labour jobs. Everyone moves to Shitronto for jobs. I just want to leave this country.

>>514745758
Yeah jobs are in Toronto but house and rent is retard tier and you're effectively paying to live in a pajeet version of Minneapolis.

You guys don't keep your cuck bucks in the bank, right?

>>514746461
> Glad you can read my post
If in 2022 you bought a condo to live in for $600,000 (because the alternative was renting), and then Canada descended into a civil war and your house was only worth $100,000, you’re not relying on price increases, but you still got housed because you now own $700,000 of debt on a house worth $100,000. This isn’t the same thing as “relying on price increases,” you illiterate mong.

>>514746561
>Everyone moves to Shitronto for jobs.

There's been a huge exodus of native born people out of this city and even province. Most people are going to Alberta or the prariers for greener pastures. Toronto's unemployment rate at Covid/Great Recessions highs. There are countless videos of long line ups just to get a Tim Hortons job.

As of now nowhere in Canada is prosperous. The country relied on real estate to fund itself for over a decade and now that's coming to an end.

>>514746703
Why would you have a maple leaf graded?

>>514746767
>civil war in canada

imagine saying this unironically with such a bug population

>>514746852
nobody tell him about the secret canadian currency

>>514744157 (OP)
just get more immigrants, that's saving japan right now

>>514747034
canada got more than any other g7 country and its why since 2020 there was no technical recession but its not working anymore

>>514746852
I bought it like that. Lowest mintage year. Only 8 graded higher. It's practically a unicorn.

>>514747177
ill give you 5 bucks and an half finished srick of gum, im the one taking the risk here

>>514747120
They ran out of government buxx to subsidise pajeet wages. Shit is going to fucking collapse like a house of cards

>>514744157 (OP)
Elbows up, leafbros! Keep destroying your country to own us, I'm really owned right now!

>>514747317
nee dank je

>>514745758
Canada needs to be dismantled so the rest of us aren't supporting the niggers of Toronto