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1 year, 1 month ago @TheNewSchoolGamer To be fair lending rules in Canada are pretty tight; especially compare to the USA ,their lending practices are a joke in comparison. A huge problem is that for several years we have bringing in 10 people for each housing unit built and a significant portion of those units are 300sqft micro-condos 3 bG6-JX_iYQM
1 year, 1 month ago @abadlydrawncoke4016 Your comparison to Spain doesn't apply here because we don’t have a construction bubble—the primary issue is that companies aren’t building enough single-family housing. This is a provincial issue, but it’s poorly covered because Americans don't understand our political system. Essentially, an unhealthy percent of our economy is tied up in speculation on *existing* real estate. So the solution might ironically be what Spain did and attract foreign investors to build in the country. 1 bG6-JX_iYQM
1 year, 1 month ago @topfamous297 The Canaduans are still gonna vote Liberal. Way to destroy your iwn country.... Lol. 1 bG6-JX_iYQM
1 year, 1 month ago @pje8171116 Canada needs to tax capital gains on housing at 90%, and use that tax revenue to fund innovation & job creation. 0 bG6-JX_iYQM
1 year, 1 month ago @bonglesnodkins329 A thought experiment:\nImagine that the Canadian government was given a magic technology that could build five million new homes overnight and assign them by lottery to people who didn't currently own a home.\nWould the government push the button to build the homes and give them to people who needed a home?\nNope. It would not.\nWhy?\nBecause the price of existing houses and apartments in Canada would drop by at least 50% overnight. And in our new, insane, everything-is-financialized, asset-prices-are-the-most-important-thing world, that would be deemed unacceptable.\nJust chew on that for a moment: we have a society, an economy, a governing and property owning class, that would prefer to forego the incredible quality of life increases for the population of magicking 5 million homes into existence, than to lose the valuations of a resource that is so scarce that demand grossly outstrips supply.\nWe live in a world of utter madness. 0 bG6-JX_iYQM
1 year, 1 month ago @handavid8465 Yeah carney really saved us in 08 lol. yeah let's drop interest rate to .25 in a country where ppl only invests in real estate. 0 bG6-JX_iYQM
1 year, 1 month ago @gredangeo Claiming Canada is a single US State is unjust, as far I'm concerned. All the provinces get recognition, or America can forget the whole idea. 1 bG6-JX_iYQM
1 year, 1 month ago @chrisklugh Born and Raised in Canada and there is another sort of comparison I'm starting to see more and more: We have the Stagnation of Japan and the the Personality of Britain. \n\nWhat I mean by that, the people in Canada, least the older ones (Boomers), got very conservative and never wanted to rock the boat and do new things. They had in their eyes a good thing. They had work and owned their home. None of them wanted to risk that so they kept things the same for the past 3 decades or so. Well a lot has changed around the world, and were pretty much the same old. Literally. In retirement. Whats the last interesting thing Canada has done since the Canadarm? \n\nI can think of a number of achievements the rest of the world has done, including many 3rd world countries. But Canada is the same old. This has become our Culture. We don't talk about new ideas. We witness them online, but we're not Creators. We are Consumers. And that is what I think happened to Britain after they got resettled after WWII. Britain is pretty dry. And so is Canada. Hence our forest fires! 1 bG6-JX_iYQM
1 year, 1 month ago @jb-vz4wb Expensive housing was always the plan in Canada. It is how people fund their retirements, boost GDP (supposedly), and encourages people to spend on home renos. It is not a problem that can be figured out by innovation because the government does not want that 1 bG6-JX_iYQM
1 year, 1 month ago @TQFMTradingStrategies Well timed lol 0 bG6-JX_iYQM
1 year, 1 month ago @haha-eg8fj Replace Canada with Australia, and most of the contents in this video still applies. 0 bG6-JX_iYQM
1 year, 1 month ago @seangriffin7803 Canada elected a leader who wears Blackface.... then they elected him again.... Then elected him again.... Economy is trashed so he is abandoning the ship to make the new leader his financial advisor (Mark Carney)..... Canadians are so dumb they will elect the old leaders finance advisor and things will get even worse. SMH 1 bG6-JX_iYQM
1 year, 1 month ago @matts2488 It’s about to get a whole lot worse. Another western country living beyond their means interfering in the affairs of others countries and wasting tax payer money on such nonsense. 0 bG6-JX_iYQM
1 year, 1 month ago @miakmo59 ?? 1 bG6-JX_iYQM
1 year, 1 month ago @GordoCooper-v3v Do you think Tariffs at 25%+ against Canada is enough to pop the housing bubble in and throw its banking sector into chaos? Coupled with strategic hits to its largest investment grade corporations attempting to hit the rating agency metrics. Thus, squeezing their cash flow to topple them into junk status, again hammering Canadas bond market? This Dominoe effect would collapse the currency making Canada the 51st State, finally! 0 bG6-JX_iYQM
1 year, 1 month ago @shawnladd5440 Largely accurate and well illustrated. Might want to proofread the chart titles and headlines? 0 bG6-JX_iYQM
1 year, 1 month ago @vanadium1603 I cant wait for Canadas to go to the polls this summer only to vote in the same people that intentionally created this economy. 1 bG6-JX_iYQM
1 year, 1 month ago @shaun2072 Canada = Australia = Canada = Australia ... ad infinitem. 0 bG6-JX_iYQM
1 year, 1 month ago @ajellerton Great video.\nCan you do a similar analysis on Australia? 0 bG6-JX_iYQM
1 year, 1 month ago @BoxiesAU Very similar to Australia ??…. 0 bG6-JX_iYQM
1 year, 1 month ago @revcrussell Technically Canada has a direct land border with Denmark and a sea boundary with France. 0 bG6-JX_iYQM
1 year, 1 month ago @aawshaw I wish you would talk slower! 0 bG6-JX_iYQM
1 year, 1 month ago @ReidAune We can't afford to continue to have Trudeau as a leader. Your comment on us needing him decreases your credibility. 0 bG6-JX_iYQM
1 year, 1 month ago @rd24life Biggest housing bubbles in world history. All caused by Boomers 0 bG6-JX_iYQM
1 year, 1 month ago @wisamal-kinani6315 Canadian here who left years ago for work opportunities. It was the best financial decision of my life 0 bG6-JX_iYQM
1 year, 1 month ago @paulristow3454 What's kept Canada's financial & real estate bubble going until now was 1) Chinese money-laundering, 2) federal money-printing, and 3) mortgage fraud & risky banking practices. \nWhen this bubble-on-a-bubble-on-a-bubble bursts, it'll be many times worse than 2008 in the U.S. 1 bG6-JX_iYQM
1 year, 1 month ago @normm1619 The rule in Canada is ‘my adult children cannot afford to buy in the neighborhood they grew up in!…housing prices have to go down!\n\nWhat they really mean is they want their next door neighbours to sell THEIR house for $250,000, but still want their own hose to be worth $2.8 million (after paying $135,000 for it in 1985 - like my older sister and her family)….\n\nSorry it doesn’t work that way….oh, and forget about them voting for parties which restrict immigration - if immigration goes down, so will the regular increases in the price of housing…. 0 bG6-JX_iYQM
1 year, 1 month ago @rockymountainlifestyle As a Canadian, this video hits way too hard and feels all too real ? 0 bG6-JX_iYQM
1 year, 1 month ago @normm1619 3:28 is not in Canada - the tall palm trees give it away.. 0 bG6-JX_iYQM
1 year, 1 month ago @peterk9673 Seems like Australia has the same issues as Australia. Investment went into non-productive housing by giving generous tax deductions, instead of business investment which would provide for ongoing prosperity. 0 bG6-JX_iYQM
1 year, 1 month ago @ingold1470 The combination of brain drain and immigration seems likely to turn the country into one vast slum, especially if America expels its own unwanted immigrants. 1 bG6-JX_iYQM
1 year, 1 month ago @richardthomas3853 Every Australian should watch this because we are on the same path. We are just lucky to not live next to the USA. 1 bG6-JX_iYQM
1 year, 1 month ago @clayerickson5074 Canada is a virtue signalling dumpster fire now. We went woke and lost it all. 1 bG6-JX_iYQM
1 year, 1 month ago @nolans5370 To anyone wondering.... This is what happens when you elect a leftist high school drama teacher to run your country.... 0 bG6-JX_iYQM
1 year, 1 month ago @osmanthusoolongmilktea One of the lessons that Canada could learn from Singapore is the implementation of a 99-year ownership lease. In societies with high home owner occupancy, it's difficult to introduce property cooling measures without political pushback from majoritarian home owners. A limited term lease allows for renewal within the property market, allowing new entrants and preventing accrual of property capital wealth. 1 bG6-JX_iYQM
1 year, 1 month ago @chineseboxer108 The biggest problem with Canada is not its sorry excuse for a PM (although he is a major problem), its Canadians themselves. Spoiled, arrogant, naive & extremely docile. Recipe for a perfect storm. 51 is our best play, but we'll miss the opportunity on that one too I bet. 0 bG6-JX_iYQM
1 year, 1 month ago @reccecs4 0:12; Canada’s direct neighbours - countries it shares a border with - are the US, France and Denmark. 0 bG6-JX_iYQM
1 year, 1 month ago @tomkelly8827 As a Canadian who is determined to thrive in whatever environment I am in, I can say becoming a carpenter has been a pretty good decision. Wages are up and I am in demand. My home is paid off and I am 39. I live in cottage country in a great little village with a beautiful wife and 3 beautiful daughters. I have traveled enough to know that I have a good thing going here. As a capable and adaptable human being, I will do well not matter where I am though. 0 bG6-JX_iYQM
1 year, 1 month ago @ufm Dishwasher to house is a horrible comparison. 0 bG6-JX_iYQM
1 year, 1 month ago @oldyella9716 So, in what areas is Australia different to Canada?\nAnd, can someone please explain to me the determinant nature of any person in moving the dial on GDP. I get the part of GDP per person; I don’t get the part about an individual. It seems to me that organisations and bureaucracies are the key drivers of efficiency and productivity. I’m not a economist, as demonstrated 0 bG6-JX_iYQM
1 year, 1 month ago @mgoff956 American productivity is distorted by the tech sector. As is California's GDP for example. 0 bG6-JX_iYQM
1 year, 1 month ago @Milka_1901 thanks communist Trudo. the Demon in disguise 1 bG6-JX_iYQM
1 year, 1 month ago @B-... Not to mention the government is feverishly protectionist and won't let any harm befall its oligopolies... so they never need to innovate. 0 bG6-JX_iYQM
1 year, 1 month ago @BiotechWithBruno 10 years of incompetency by Justin Trudeau! 0 bG6-JX_iYQM
1 year, 1 month ago @BiotechWithBruno O Canada! ?? 0 bG6-JX_iYQM
1 year, 1 month ago @Evanurisylaise What do all the western countries who are suffering right now have in common?\n\nThat’s right! Mass, unchecked immigration of global south wage slaves.? 2 bG6-JX_iYQM
1 year, 1 month ago @DingleberryPie Long live the great state of Canada! Go Canucks! 1 bG6-JX_iYQM
1 year, 1 month ago @bluesteel8376 It is going to be tough digging ourselves out of the mess that Trudeau made, but hopefully we can do it. 0 bG6-JX_iYQM
1 year, 1 month ago @farizz6969 what about your own australia economic woes? 0 bG6-JX_iYQM
1 year, 1 month ago @tord9632 Don't make jokes about Canada being a 51st state. We don't find it funny and it's insulting 8 bG6-JX_iYQM
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