Fed says hike more, Bank of Canada says no more hikes

[Anonymous No.53979261]

BoC have totally fucked up. They can't raise rates because Canadians are all mortgaged up to their eyeballs. CAD will fall. More food inflation. Fucking idiots.

[Anonymous No.53979308]

>>53979261
Sure is good that Trudeau sold all that gold (announced it in advance so that everyone could front-run him too).

[Anonymous No.53979331]

>>53979308
just like Gordon Brown!

[Anonymous No.53979357]

>>53979261
keep raising rates. i want a harem of quebecois gfs, half with shaved pussies and half with hairy pussies.

[Anonymous No.53979368]

>>53979331
Trust the experts.

[Anonymous No.53979380]

>>53979357
no anon you want them to STOP raising rates
they don't own houses so they'll be fucked (by me)

[Anonymous No.53979394]

>>53979261
Wait canadians don’t get fixed rates?

[Anonymous No.53979463]

>leafs will rake themselves
Based jerome saving the universe.

[Anonymous No.53979491]

>>53979394
We are all ARMs and variable. Lots on 5 years and lots on 1 years (private lenders not banks)

[Anonymous No.53979514]

>mortgage slaves allow the jew to fuck up their host nation yet again
Usury should be banned and those who participate put to death.

[Anonymous No.53979688]

>>53979261
leafcucks deserve the rope all of them

[Anonymous No.53979710]

>>53979261
>destroy the currency
or
>crash the housing market into a smoking crater
Which would you do /biz/?

[Anonymous No.53979721]

>>53979710
crash the housing market. it's only going to hurt retards who bought within the past 3 years.

[Anonymous No.53979723]

>>53979710
crash the housing market and deport all foreigners. simple as that. government will benefit more long term from people being able to afford to start families.

[Anonymous No.53979731]

>>53979710

They're only going to make the pain worse if they prolong this warped dynamic. People already can't afford houses there. It's only getting more astronomic...

[Anonymous No.53979750]

>>53979723
God damn this. Why does NOBODY ever counter the assertion that mass immigration is deflationary?

[Anonymous No.53979766]

>>53979710
Problem here is Traitoreau already destroyed the currency in advance. And these retards even reelected him.

[Anonymous No.53979771]

>>53979750
the ruling class loves brown retard slaves who will mow lawns and clean toilets for $12/hour

[Anonymous No.53979789]

>>53979750
This is why Poilievre is such a snake in the grass. He goes on and on about Trudeau's spending and how it's bidding up prices, yet he's for mass immigration, the other side of the same damn coin.

[Anonymous No.53979806]

>>53979750
it isn't deflationary in short term we indebt them and they consume massively prior to actually living in country. Somebody who has been in the country for 40 years prior to removing housing stock is already using housing stock in the country versus an immigrant who goes 40k into debt with TD instantly and spends the 25k his family scrapped together for him back in India or Pakistan in order to migrate and begins to rent or buy housing his first month in the country.

[Anonymous No.53979815]

>>53979750
Maybe because it’s true? You being low iq and racist doesn’t change that fact.

[Anonymous No.53980034]

>>53979789
Yeah that’s weasel shit to be certain.
>>53979806
That’s my point. The only thing mass immigration deflates is labor costs if they even do that. They cause inflation across the board for everything else.

[Anonymous No.53980074]

>>53979308
he sold it to flood the market and keep gold price down. He sold his own Canadian people out. This is what disgusts me, is that the people know they're being screwed but they have learned helplessness, they hold their hands up and cry and say "what can we do?", you can pick up a fucking book and read about money, learn how it's used, how it works, you don't even need a book, you have video lectures and presentations that PROVE TO YOU what money is using basic math, but these people don't want to take accountability. It's so simple for most people, they let the country sell their gold, but the people should be buying their own gold, DUH. Not only gold, but silver as well, take that wealth out of the bankers hands and use it privately yourself.

[Anonymous No.53980076]

>>53979815
If mass immigration were deflationary then why is every corporation lobbying for mass immigration?

[Anonymous No.53980092]

>>53979357
Quebecois girls are so cute. At PJC I asked a girl a question in English and she immediately turned red and apologized for not knowing English better.

[Anonymous No.53980138]

If the FED starts going past 5% than our loonie is gonna fucking tank. Same thing happened in the 90s when we didn't raise rates as high as the U.S and one USD was 1.60 leafbucks.

Now's a good time to hold USD

[Anonymous No.53980271]

>>53979710
Canada will be using USD by 2050 regardless, so you might as well go with option A.

[Anonymous No.53980418]

>>53979710
both
We don't need currencies and housing where we are going kek

More seriously the problem could have been easily avoided by not going to 0% interest rates...
They should slowly increase rates over a decade instead of the fuck up they did in 1 year.

[Anonymous No.53980425]

>>53979815
we have mass immigration AND record high inflation you fucking tranny, cock sucker.
t. someone who knows you will never be a woman

[Anonymous No.53980889]

>>53980034
The only way it can be said to have any disinflationary impact is that we indebt them in CAD, and so they will sell INDR or other currencies for CAD to pay debts or they will work and produce goods (maybe) to pay off the debt. In the modern day economic theory (which is garbage) the BoC thinks that having more indebted folks is good because it gives policy more strength as rates go up the lag is less and less.
I have a degree in finance and i'm telling you almost everything they try to teach today is propaganda socialist nonsense, and we are super fucked. We know for sure we only have about 2-3 years because the bonds will roll into the higher rates in that time, and our govt budget will literally just be interest payments

[Anonymous No.53980968]

>>53980092
As a Quebecer I can tell you our women are awesome in every way except for the fact they are insanely naive regardless of how intelligent or educated they THINK they are, and as a result they get themselves in some seriously retarded situations with men. Quebec culture also lags the rest of the country/USA by about 5-7 years.

[Anonymous No.53981088]

>>53979815
>Maybe because it’s true?
>t.has never had to rent a single month in his life

[Anonymous No.53981114]

>>53979394
Yes but usually only on 3-5 year terms. Then you go back to the bank to get ass fucked renewing at 7% instead of 2%

[Anonymous No.53981701]

>>53981114
damn that is pants on head retarded

[Anonymous No.53981770]

>>53980271
Is this true? Would this be good for U.S. ?

[Anonymous No.53981805]

>>53981114

[Anonymous No.53981916]

>>53979261
Good. Canadians deserve nothing less. Now move to China you faggots.

[Anonymous No.53981966]

>>53979710
both. no more kicking the can down the road. the weak will perish

[Anonymous No.53982145]

I will literally never be able to afford a house.

[Anonymous No.53982156]

>>53979710
The housing market will crater eventually anyway.

[Anonymous No.53982177]

>>53979789
He's still a boomer supporter and all they care about is slave labour to support their pensions and real estate investments.

[Anonymous No.53982187]

I fucking hate the Canadian economy so much holy shit

houses on my street are hitting over 1.25 million and the average salary is 60k pre-tax - and my savings are depreciating against the USD now too?

literally priced out of buying a home, starting family, having a life - why fucking bother anymore

Honestly thinking about this shit gets my blood boiling, I cant even voice my displeasure anywhere, I just have to suck it up and rent until I die

[Anonymous No.53982200]

>>53979394
In Canadian fixed means fixed for 5 years. With the housing speculation driving prices people have been getting 25 year mortgages to cope.

[Anonymous No.53982229]

>>53980138
i need to find some of my old goosebumps books. i distinctly remember learning the difference between USD and CAD via those books, they had prices printed on em

[Anonymous No.53982235]

>>53980889
> govt budget will literally just be interest payments
They'll just print their way out of it while causing hyperinflation.

[Anonymous No.53982308]

>>53982187
Even with BoC holding the key interest rate most people already cannot afford a mortgage, my mortgage advisor friend said he just had to turn down a fucking dentist because he couldn’t pass the stress test. Real estate will continue to decline in value it’s just that the effects of raised interest rates lag months behind.

[Anonymous No.53982389]

>>53982308
Dentists earn 200k+, he was probably a real estate investor who had existing mortgages.

[Anonymous No.53982434]

>>53982187

Just become the next Canadian hitler. You aren’t alone, white man. The invaders can be repelled. You have to stand up sometime, can’t wait forever

[Anonymous No.53982482]

>>53979514
this

[Anonymous No.53982484]

>Pause/cut rates long enough for all the old people to enjoy low rates after renewing their mortgages
>Instantly hike it back to fuck everyone else over
Nothing personnel kid

[Anonymous No.53982523]

>>53979261
as long as they aren't first to default it doesnt matter how many lose their homes. they are in contract and the terms are negotioble by the lender. they'll just ask cannucks to indenture their children.

as long as you fail second and bounce back first it doesn't really matter how much damage is done in recession. look at aus in 2008. it's as though they werent a part of the system. thats because their minimal impact was offset by measured QA which was quickly recovered by increasing consumer debt.

they'll inflate a little more to buy back some debt before crashing the dollar value to a normal and nominal level, then they'll seek more debt at the new price.
literally paying a free loan with imaginary money.

80% of all money didn't exist more than 36 months ago. this has to be accounted for. once they utilize the new debts they'll announce a new neutron source for energy and oscillitaic (TBA sic.) motion as a technology like the nuclear revolution however they'd like to maintain control, which was the mistake of the old world families like the astors and vanderbilts.

[Anonymous No.53982531]

>>53982389
My point still stands, do this exercise yourself, put in $200k income (above avg. married income) on a $1,000,000 mortgage, even the upper middle class is priced out. No one is buying except investors at this point. Property values have to come down eventually. Only other possiblity that I could think of is that Canada is a testing ground for neo-feudalistic serfdom and that the government and big investment firms will artificially keep housing high to create a nation of landless peasants.

[Anonymous No.53982561]

they TRIPLED THE MONEY SUPPLY in 2 years

how is this shit LEGALLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL I CANT FUCKING TAKE IT ANYMORE EVERYTHING IS UNAFFORDABLE

[Anonymous No.53982601]

>>53982531
Property values will not come down unless there's a bond market meltdown. Both liberals and cons are obsessed with keeping it up.
They're bringing in mass immigration from cultures that are used to multi-generation cohabitation. You'll see multiple immigrant families living together in that million dollar detached home.

[Anonymous No.53982663]

>>53982561
where are they putting all that stolen money?

[Anonymous No.53982681]

>>53982531
> Only other possiblity that I could think of is that Canada is a testing ground for neo-feudalistic serfdom


I think that's the answer. Canada and Australia are testing grounds for WEF / UN Agenda 2030 policies.

[Anonymous No.53982690]

>>53982561

Germany had a solution in 1920’s and 1930’s. International finance fought it tooth and nail to prevent it. Make of this what you will.

How much longer will the pot boil before you jump out?

[Anonymous No.53982707]

>>53982663
ask the swiss, i think they're going to change some laws around eur/uk regarding offshoring money. theres a reason they won't let anyone who sits in a powerful seat be voted into power by democratic means.
i havnt seen an "elected" official who could pass an electoral audit virtually anywhere in the "free" world.

[Anonymous No.53982714]

I live in Canada, this is what I'm currently DCAing into through my bank. Am I retarded for doing so? What's a better alternative?

[Anonymous No.53982729]

>>53982714
oops, pic rel

[Anonymous No.53982748]

>>53979261
They are gonna raise rates. They have to!
It is a ponzi scheme, they need to attract new money to keep the plates spinning (Raising rates attracts new money to their bonds) The problem it destroys all who hold old debt/bonds, and have to refinance.
This will go on and on until it breaks and they pivot, and when the do... SILVER AND GOLD.

I am looking forward to exchanging my stacks for some cheap rental property being liquidated because of the collapse in housing, and auto toys :)

[Anonymous No.53982760]

I PUSH MY FINGERS INTO MY EYES
IT'S THE ONLY THING THAT SLOWLY STOPS THE ACHE
BUT IT'S MADE OF ALL THE THINGS I HAVE TO TAKE
JESUS, IT NEVER ENDS, IT WORKS IT'S WAY INSIDE
IF THE PAIN GOES ON

[Anonymous No.53982984]

>>53982760

oh neat, my net worth has effectively been reduced by 1% today, how fucking great is that? Love this country

[Anonymous No.53983003]

>>53982984
Bro, don't hold any CAD except what you need for daily expenses.

[Anonymous No.53983241]

>>53983003
I have over 100k sitting in CAD that I was going to move to USD, but guess I lost $1000 today just because of this usury bullshit fucking agitating man why do we common people have to worry about this shit I just want to work and save and they cant even give us that

[Anonymous No.53983262]

Over 30% of mortgages in Canada have hit their trigger rate. They are paying nothing but interest and are extending their amortization to keep their monthly payment the same. This is why attached screenshot shows many mortgages are now >30 years. This can only last until they have to renew, at which point, either something gives or the banks invent some new way of indebted these people for generations to keep the house of cards up.

[Anonymous No.53983376]

>>53983262
So will I be able to buy some property in a year’s time or not?

[Anonymous No.53983549]

>>53979261
Nice. Debasing our dollar and allowing foreigners into our real estate market will save it and our banks. The exchange rate will instigate a fire sale while Canadians borrow against their homes to drive and eat.

[Anonymous No.53983612]

>>53983376
>at least 500,000 new immigrants coming bringing foreign capital to buy housing
No.

[Anonymous No.53983672]

becoming financially literate has negatively affected my mental health

[Anonymous No.53984061]

>>53983262
?? trigger rate ?? How is that even legal. just pay the higher interest rate but keep amortization going

[Anonymous No.53984134]

>>53979261
Bravo Canada, Bravo.

[Anonymous No.53984206]

>>53979261
>Fed says hike more
STRIKE! HIKE! EEEYAAAAAH!!!

[Anonymous No.53984719]

>>53982729
>canadian securities and equities
make that 100% US and you'll make it

[Anonymous No.53984890]

>>53982434
Leafs need 13% of their white men to create organized type political and economic shit: about 1.3M. (no homo)

[Anonymous No.53984961]

>>53979261
Canada will be fine. They’re literally the Saudi Arabia of North America. Unless something causes the price of a barrel of oil to plummet, they can do whatever they want to. With Russia behaving badly and China reopening, there’s nothing stopping oil from continuously going up in price

[Anonymous No.53984974]

>>53980074
>video lectures and presentations
Links? Don't tell me you expect google to be the arbiter of people's salvation.

[Anonymous No.53984985]

>>53984961
Except Canadian (Albertan) oil trades at a $30 discount from the WTI and we have no fucking pipelines because Trudeau would rather everyone warm themselves by sucking Native dick.

[Anonymous No.53984999]

>>53979261
Idiotic would be crushing homeowners just to make loser fucking rentoids happy

Most Canadians are home owners so the BOC isn’t going to fuck them over. I’m fine with CAD devaluation because I own real assets

Pathetic rentoids with no roots just want things to crash for homeowners out of spite, disgusting subhumans they are.

[Anonymous No.53985007]

>>53984961
Trudeau and the towelhead are at odds with the oil sands industry. Canada is doomed.

[Anonymous No.53985012]

>>53984999
checked for total rentoid death

[Anonymous No.53985041]

>>53979731
I've been watching Nick's realtor streams lately. They're blackpilling as fuck as a Canadian. We're paying 300-400k for some ghetto shitshack in rusty-dagger shank-town and Americans can get decent starter homes for that much. Never mind that taxes are higher here and income is lower across the board.

We are giga fucked.

[Anonymous No.53985169]

>>53980968
>Quebec culture also lags the rest of the country/USA by about 5-7 years.
There is no culture in North America unless you're talking about negro worship.

[Anonymous No.53985213]

>>53984999
Your housing values need to crash so we can get back to trad society.

[Anonymous No.53985288]

>>53985213
Eat shit faggot, you’ll rent and you’ll like it. If you can’t afford it here, MOVE

[Anonymous No.53985389]

>>53985288
Eventually we're just going to shoot you and squat on the property.

[Anonymous No.53985574]

>>53985288
Idk about Canada but here in NZ rent is only covering half of landloid mortgages kek. Literally paying for another man to live in your house while the bank rapes you on interest until you lose all your equity and get foreclosed lol

[Anonymous No.53985822]

>>53979710
Why not both? The fed will somehow achieve both.

[Anonymous No.53985825]

>>53985041

Think Canada will be the first bubble to pop? How much longer can this economic shitshow keep going??

[Anonymous No.53986062]

>>53985041
NZ is just as bad if not worse, CANZUK will drag the rest of the world down. Pretty much every first homeowner in the past 2 years has lost all of their equity in the major cities

[Anonymous No.53986323]

>>53985389
And then the next lot will shoot you.

What a dumb ass. Eat shit poor fag.

[Anonymous No.53986422]

>>53981114
>yes but

[Anonymous No.53986919]

>>53979308
>Trudeau sold all that gold
>just like Gordon Brown!
And Sarkozy

[Anonymous No.53986947]

Powell is based for collapsing the globohomo economy. Europe and Canada must go broke before we pivot.

[Anonymous No.53987010]

>>53979357
>quebecois gfs
hahahaha I love quebecer chicks , some of the most easiest women to get in bed with. if you can pull a girl in Quebec there's truly no hope for you ....you gotta watch out for the ones that look like prostitutes they have a high chance of stds

[Anonymous No.53987012]

>>53983241

bruh. if you don't know what to do with your fiat just put it in silver or gold and be patient

[Anonymous No.53987052]

>>53985825
I think america will use popping canada as tomething to hold over china as a potential threat. Kind of like a financial mutually assured destruction button if China ever tries to sell off usd bonds too quickly.

[Anonymous No.53988489]

>>53979731
Canadians *cannot* think. They are taught and they retain it. That is it.

[Anonymous No.53988510]

>>53979806
Immigrants will never be Canadian.
Young Canadians will never be Canadian.
The image of "Canadian" access to housing that is tied to median wage so you can retain some of your wages.
I will never be Canadian.

[Anonymous No.53988543]

Instead of no mores hikes, how about no more kikes ?

[Anonymous No.53988559]

>>53984999
Canadians are so fucking stupid.
I hate people like you. You are shitting all over your future.

[Anonymous No.53988660]

Considering the FED is going 6% this year we might hit 5-5.25 just be a little closer. BoC knows they can't pivot until the FED does or the loonie becomes worthless

Holding our current rate for an entire year is gonna be a shitshow of epic proportions. This is what happens when you blow the largest asset bubble and use it to sustain an economy.

[Anonymous No.53988838]

>>53980968
Ta yeule sti d'fif

[Anonymous No.53988890]

I'm a balkan Chad working with Canada because I'm a technical support agent

Canadians are cool but Quebecois are the best

Mutts are disgusting peasants

also there are a lot of latinas in Toronto and they suck dicks like there is no tomorrow

[Anonymous No.53988893]

>>53988660
that's why the BoC retards are trying to take the "middle ground" (in FX there is no middle ground) of pausing *near* the Fed.
They know the Canadian "economy" is a land pyramid scheme and they are worried.

Pic from my worthless cunt of a mortgage broker, who is right for once.

[Anonymous No.53988903]

>>53988838
Tu vas parler meilleur toi osti de français

[Anonymous No.53988917]

>>53988890
used to think quebecois were cool.
then watched as they all fell all over each other to lap up house price rises, leaving their own kids fucked.

[Anonymous No.53988943]

>>53988917
I'm sure you are doing your best to leave some cheap BTC to your kids, right?

[Anonymous No.53989014]

>>53988943
No, I've got a great job but paying 50% marginal rate, strongly considering leaving to the USA where I can get ahead as a person with in-demand skills instead of being a landlord, which is what Canada rewards.

[Anonymous No.53989033]

>>53989014
Become a landlord then, if it's that easy

[Anonymous No.53989039]

>>53988893
I would stay away from RE for at least this year

[Anonymous No.53989047]

>>53989039
>if i was you i would not buy the dip

[Anonymous No.53989129]

>>53979514
this

[Anonymous No.53989152]

>>53989033
clearly it's not viable after they have gone up you thick Canadian fucker.

[Anonymous No.53989161]

>>53979261
The great capital drain begins. The Fed is going to suck every dollar out of the economy and will keep raising rates until American banks are bursting with cash.

[Anonymous No.53989165]

>>53989047
> I would not buy the dip until it dips more
Learn how prices are set.

[Anonymous No.53989197]

All these real estate faggots are now migrating to Calgary and fucking up everything "ohh houses are ONLY 500K there...so cheap!"

[Anonymous No.53989237]

>>53982523
>this has to be accounted for. once they utilize the new debts they'll announce a new neutron source for energy and oscillitaic (TBA sic.) motion as a technology like the nuclear revolution however they'd like to maintain control, which was the mistake of the old world families like the astors and vanderbilts.

Bro, more on this ?

[Anonymous No.53989252]

>>53989197
canadians are retards.
for them every house is "worth" whatever the house on the same street sold for.
interest rates do not come into it.
wages do not come into it.
cratering housing here will require a recession where they are forced out of "their" homes.
they will not look at rates and conclude prices must fall.

[Anonymous No.53989293]

>>53983262
A friend of mine does that and he's happy about it "My payments are still the same!".

[Anonymous No.53989319]

>>53989252
I think at this point it's irrelevant. People keep talking about first time homebuyers but at this point their isn't any it's just a boomer circle jerk of cash buyers changing hands. Eventually ball of boomer cash will grow exponentially so fast we hit a singularity and solar system real estate begins to trade like Canadian housing. Young people at this point will have long been killed off and cybernetically enhanced boomers in the year 2154 will trade asteroids like mcmansions and invite in aliens and scam them by selling overpriced methane lake front property on the moon Titan

[Anonymous No.53989402]

>>53984890
>Arcand
Based

[Anonymous No.53989411]

>>53984999
checked for total rentoid death

[Anonymous No.53989551]

>>53985574
oid...oid everywhere

[Anonymous No.53989642]

>>53979261
I just turned 18. I’m in Ontario. I have about 10k cash and a little in crypto. I’ve been off and on with stocks and crypto since I was 16. But I have no clue what to do in these situations where everything seems like it’s gonna get fucked. Idk where to put my money, t-bills? I don’t have enough knowledge to know what to do to keep my money safe and it feels like I’m just letting it rot away. My parents are financially retarded so I don’t know anyone personally who can give me advice. I have a car already so I don’t need to get one. Idk what to do with the rest. Pls help.

[Anonymous No.53989685]

>>53979357
Like one half hairy one half shaved,? Weird taste anon

[Anonymous No.53989734]

>>53979710
forgot option 3
>cut back government subsidies and funding costing hundreds of billions of dollars
Liberals will never do that, they have friends and family to pay

[Anonymous No.53989911]

>>53988510
What's being a canadian except being a good goyim ? Canadians were always Americans Light.

[Anonymous No.53989920]

>>53979710
Unfortunately it has to be Weimar America

[Anonymous No.53989946]

>>53979750
>importing incompatible retards solves inflation
The cure is worse than the disease

[Anonymous No.53989956]

>>53988838
non non t'a raison on est vraiment 'with it'

[Anonymous No.53989987]

>>53989642
Buy physical silver and also buy a a 6 month SHTF food supply. I ordered one with a stable shelf life of 28 years.
Yeah you could put that in a TFSA, but our government is going to destroy what's left of freedom and capitalism (barely anything left) and to do that they will rob you.
Bury silver or gold in your yard, put a box of food in the basement. The Canadian government will attempt to use price controls on things like food, which will cause shortages, people will panic etc. You don't need a 30 year supply of food, you need something to help bridge the gaps however.

[Anonymous No.53990018]

>>53982729
>fixed income in an inflationary environment
not my first choice..

[Anonymous No.53990035]

>>53982729
if you have an amount under 100,000CAD pull it out and keep it in physical gold/silver

[Anonymous No.53990048]

>>53989911
not really, they let their housing market go to shit relatively recently and tried to use mass immigration to fill the productivity gap

[Anonymous No.53990106]

>>53989642
Don’t listen to the silvertard. You’re fucking doomed. There’s nothing you can do except accumulate cash and hope that real estate crashes.

[Anonymous No.53990156]

>>53990106
They are going to print and we are going to stay negative. You don't understand anything

[Anonymous No.53990210]

how can i, as an ameritard, profit off this ?

[Anonymous No.53990231]

>>53979710
it’s not an either or, it’s a choice between one and both.

[Anonymous No.53990244]

>>53979750
Canadian natives dont breed, to maintain current standards of living your gonna need people from somewhere to do the needful

[Anonymous No.53990452]

>>53989642
>>53989987
>bury old coins in your backyard and hide from the jackboots in your psycho bunker!
kek americans, everytime, never change!
>>53989642
Put it in your TFSA, buy high quality US equity. CAD gets smoked against the dollar, but your cash is in US so it rises in relation to CAD. Plus and if the USD goes down, Stonks go up. I recommend MSFT, V, MC, or Railways, like CP or CNI, as they're critical infrastructure and only go up and to the right. Oh, and move to Alberta.

[Anonymous No.53990519]

I work as a General Contractor doing renos and small additions along with some minor landscaping stuff. Work from <50 clients or anyone not upper class has dropped off a cliff. Rates are hitting regular people hard enough that the crazy Reno market has crashed overnight, I suppose that's what happens when most people borrow money to pay for that.

Most builders in my area (Hamilton and surround), especially the large ones, have stopped all projects in pre-construction phases completely. Very big problems in closing as well. Lots of investors who bought pre-construction a couple years back are finding out they cannot flip these homes anymore or they themselves no longer qualify for credit. Housing market is in some sort of hellish limbo. A very large amount of people can't afford a mortgage anymore, however, there is no supply, and demand is still extremely high from the 5-800,000+ brownoids they bring in every year. Some thing has to give. The real estate market needs to explode. 100 acres of actual fucking swamp and mosquitoes in Nowhere Ontario costs over $200,000.


I have a question also about "wage inflation". Can someone please explain to me why in my gut that feels like Hebrew mischief?

[Anonymous No.53990623]

>>53989642
You have peanuts right now, what you need to do use that money to learn a skill/trade/education that will pay you a good wage preferably 6 figs within 1-2 years experience. Dont worry about investing until you have a solid 6 figure expendable income

[Anonymous No.53990631]

>>53990519
right there with you on this wage inflation inquiry

[Anonymous No.53990669]

>>53990623
I have more money than all of my friends. Yes 10k isn’t a lot, but it’s decent for a newly 18 yr old. I’m working this year but I’m going to university for engineering next year. I’d rather worry about investing now and make mistakes with the “peanuts” I have instead of blowing thousands of dollars when I make more

[Anonymous No.53990714]

>>53982187
What you’re describing is New Zealand.

This country follows Canada almost entirely to the tee in terms of political capital using mass immigration to greatly prop up housing market prices.

New Zealand doesn’t have a housing capital gains tax and is the only Westernised country that doesn’t have it.

Great for laundering money if you are a wealthy foreigner : )

[Anonymous No.53990721]

>>53990244
I would rather leave this country than live in some Indian shithole

[Anonymous No.53990727]

>>53990452
Got most of it in my tsfa, still feels bad and like I’m wasting its potential. Never looked into the railways until now, it does look very secure though. Solid advice ty

[Anonymous No.53990731]

>>53990519
Wage inflation is a Jewish concept. Basically, if wages rise enough to match inflation, supposedly that makes inflation worse. So in this line of thinking, you either get poorer or you get poorer

[Anonymous No.53990739]

>>53990452
oh i've got 6.5k Canadian clown dollars more headroom in my TFSA!
wow that is so much money!

[Anonymous No.53990758]

>>53989642
you are young, get educated and focus on maximizing earning power over anything else. There's nothing else you can do

[Anonymous No.53990757]

>be Canadian
>have significantly higher cost of housing than Americans despite having lower salaries (which have been stagnant for a decade)
>Have 20%+ of mortgages be variable rate because watching America get btfo in 2008 was funny but you didn't learn anything
>Entire economy is just immigrants fomoing into real estate
Why are they doing this?

[Anonymous No.53990761]

>>53989987
The food supply and burying my metals seems a little schizo to me. Luckily I still live at home so food just magically appears in the fridge/cupboard. I have like 5oz of silver lol, might cop an oz of gold cuz the premiums for silver are fucking ridiculous.

[Anonymous No.53990764]

>>53990669
Don’t compare yourself to your poor ass friends. That’s how you stay mediocre. Take our words for it - you are poor and still a fledgling and should work hard on yourself now before you waste any more time

[Anonymous No.53990778]

>>53990757
> why are they doing this?
because they *cannot think at all*

[Anonymous No.53990798]

>>53989197
canada needs a reckoning

[Anonymous No.53990801]

>>53990757
They literally said "it just makes sense" or something like that when they announced they were going to dump half a million muds on us every year. The banality of evil and all that

[Anonymous No.53990871]

>>53980968
> are insanely naive regardless of how intelligent or educated they THINK they are
That’s all women anon

[Anonymous No.53991517]

>>53990757
>>Have 20%+ of mortgages be variable rate because watching America get btfo in 2008 was funny but you didn't learn anything

100% of canadian mortgages are variable

[Anonymous No.53991947]

>>53984961
>Unless something causes the price of a barrel of oil to plummet

[Anonymous No.53991974]

>>53984961
kek
>>53984985
>>53991947
>>53985007
These. The USA doesn't need Canadian oil since the shale revolution. US energy independence kills canadian oil. The east coast imports it form the sauds because we can't pipe it there, and it's also land locked for the same reason. This is why High oil didn't save us this time, whereas in the early 2000s it caused CAD/USD to be on par.

[Anonymous No.53992030]

>>53990801
this is partly why i don't pay taxes

[Anonymous No.53992229]

>>53991517
Kek it's even worse than I thought

>>53984961
>Canada
>Capable of enduring ecocriticism to monetize oil exports properly

[Anonymous No.53992382]

>>53979357
A man of culture

[Anonymous No.53993095]

>>53983262
Is this image real? Holy shit

[Anonymous No.53993157]

Whole world has been kicking the can down since 2008

Its time to let it crash

[Anonymous No.53993339]

>>53990761
When the shortages happen your food won't just magically appear in the fridge anymore kek.
The premium on silver is irrelevant. Even with the premium silver is 4x undervalued compared to gold (5x undervalued based on spot price). At this moment, the usual advice and the safest bet is to get 100 ounces of silver for every ounce of gold.
>53990106
>just do something that never happened and never gonna happen bro

[Anonymous No.53993583]

>>53989319

[Anonymous No.53993619]

>>53982389
General rule of thumb has been you can afford a house 3x your income

600k will get you a nice shack nowhere in Canada kek

[Anonymous No.53993981]

i want toronto to implode into a curry vortex

[Anonymous No.53994190]

>>53980138
buy gold instead of USD

[Anonymous No.53994695]

>>53984206
based linkposter

[Anonymous No.53994860]

>>53990757
everyone got btfo in 2008

[Anonymous No.53994911]

>>53979815
>low iq and racist
the funny thing about the iq tests is that they were designed to literally be racist, black people and low income people only got the worst results, the only ones who got something decent were the old people with a lot of money, you determine how good you are at using your brain by grabbing some good shit like dextools or studying, working or I would even say exercising

[Anonymous No.53994921]

>>53989946
>burgers commenting on things they don’t know fuck-all about
canada has extremely restricting and discriminating immigration vetting, especially compared to the states, privileging high worth and skilled immigrants. immigration here way less bleak in reality, and i live in Ottawa - a major center for immigration. what needs to happen is the implementation of prohibitively expensive taxes on foreign real estate buyers and bring “Made in Canada” back

[Anonymous No.53994967]

>>53989685
You'd be surprised, thick landing strips gankily trimmed are a Quebecois staple. You'd think being an 80's stripper was all the rage.

[Anonymous No.53995056]

>>53993619
3x your after tax earnings. You get taxed on average 30-40% so a 200k doctor takes home ~120k and can afford 360k.

[Anonymous No.53995204]

>>53982187
>get my blood boiling
>won’t do anything about it
when will you learn the only way to achieve anything is violence

[Anonymous No.53995233]

>>53993339
Most people will need to see to understand. Obviously they won't be able to do anything at that point, but that's the way nature/life works, it's brutal

[Anonymous No.53995390]

>>53994967
Holy fuck Quebec sounds like paradise.

[Anonymous No.53995543]

>>53995390
honestly being Quebecois has taught me that if your women are cool literally everything else can kind of suck but generally you feel fine about life.
Nobody has family doctors, don't get sick or you're fucked because the hospitals suck, the economy will reward you for being poor and punish you for working harder, and as a franco you have to hate everybody that isn't franco, but the women are still cool so it's ok

[Anonymous No.53995590]

>>53994921
Was in Ottawa recently in a nice restaurant.
At one point I looked around. Everyone was white, well off. They were all spending money from Canada asset inflation yet they were in their bubble, untouched by the chaos.

[Anonymous No.53995619]

>>53995543
I'm paying 50% marginal, I no longer give a shit if the women are good, Quebec is killing me.

[Anonymous No.53995808]

>>53994911
That's right. Not only are black people physically superior, but they are mentally and intellectually superior too, which is why the white man had to invent systems to keep them down, but now that we are shattering those systems, the white will be extinct. Black power.

[Anonymous No.53995814]

>>53995619
yessir, paying 54% on every dollar once you make 180k USD pretty much means that we are going to have a shortage of everything a society needs to thrive. Doctors, Engineers, Business/Finance (private sector coordination of the economy as opposed to central planning), lawyers (Who will defend you? Who will protect your business from the government?).
Quebec is communist, but the irony is that as everybody else becomes more socialist they start to fall apart (because socialism doesn't work), while Quebec gets transfer payments and pretty much nationalizes everything.
Canada has worse wealth inequality than the United States by the numbers.

[Anonymous No.53996166]

>>53982187
Who is buying the houses? Chinese money launderers?

[Anonymous No.53996450]

>>53995814
yes, it's insane. I've refused a promotion because I will only see half my raise. I'd rather have more time with my sons than work all hours for an amount that will make zero difference to our lives.

[Anonymous No.53996468]

Been living for 4 years here in Canada. By now I'm just observing the shitshow. I thought mortgage in Russia was bad but turns out having a fixed rate and being protected from your last home being seized by a bank isn't something the "civilized" West has. I hope it doesn't get worse because I like it here and no people deserve to suffer, but if it does I'll just go back to Russia.

[Anonymous No.53996517]

Anyone comfy to witness for the rollercoaster down ? It's actually bearish that BOC is willing to forego rate increase. BOC is essentially admitting that it will rather devalue its currency because it's at a brink of collapse.

[Anonymous No.53996535]

[Anonymous No.53996636]

>>53995808

[Anonymous No.53996773]

>>53996468
Canadians have been loving unearned gains paid for by their own kids. They need to learn the lesson.

[Anonymous No.53996789]

>>53996535
That picture pains a thousand words.
Now add in the fact that USA has *fixed* mortgage rates, Canada has short term renewals and variable. It's over.

[Anonymous No.53996809]

>>53996517
That's exactly right.
BoC said: we are right on the edge here.
Are you in CAD or got out into USD already? What did you move into if so?

[Anonymous No.53998702]

>>53979308
bump