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/biz/ - Business & Finance

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5941124 No.5941124 [Reply] [Original]

What’s going to happen to the Canadian Housing Market?

>> No.5941160


when is ICO?

>> No.5941848

New strest tests are disqualifying 50,000 buys.

>> No.5941908

Will this be enough to cause prices to dip dramatically? The market has shrugged off prior regulations.

>> No.5941992

nothing - plan is to sideways existing owners, dicourage foreign buys and decline low income.

>> No.5942047

I am not familiar with this coin. REEEEEEEE I thought I memorized all of them!!!

>> No.5942112

*buys shack for $2M because chink master thinks it costs this much*

>> No.5942122

Before the crypto craze. Threads like this used to have good discussions about the markets and give great insides on overall international house market.

Now everybody just shitcoin this, shitcoin that.

/biz/ is now a complete cesspool.

>> No.5942150

who's she?

>> No.5942208

it's going to crash then I'll be buying a mcmansion with cryptogains

>> No.5942245

So a house isn't going to cost 400k anymore? Thank god.

>> No.5942362

Pajeet pls leave.

>> No.5942446

Hedge funds will buy most properties and trade them between themselves while converting all available units to rentals. The market shouldn't be able to bear the inflated cost of rent but because people won't have any other options it will keep going up for quite a while. Eventually once people are putting too much money into trading derivatives and other investment vehicles based on speculative fractions of rental income the pyramid will come tumbling down and a handful of the surviving investment companies will consolidate the market at the low and star the cycle anew.

>> No.5942453
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Finally a good thread. Now waiting for the good answers because I am wondering whether to buy now or pray for a crash.
To me it looks like it is not going to stop going up so I am FOMOing.

>> No.5942555

All the FOMO buyers from last year will

>>realize they are house poor
>> try to rent out their basement
>> get shafted because bad tenants
>> get shafted because bad landlords
>> realize they are not getting 13% value increases
>> list their home 20% over buy price with their waitress friend who is also a "Part-time realtor"
>> pre-sale inspections uncover costly and massive code violations they didn't uncover because they put in an unconditional buy
>> watch DIY reno shows
>> try to open concept
>> one dies from a gas leak
>> one dies following a youtube video about rewiring fuse panel
>> bank gets house
>> sells at market to Chinese buyer
>> shitty tenants still live there because they were never served a proper eviction
>> All rooms rented out to students

Did i miss anything?

>> No.5942648
File: 1.90 MB, 320x200, chinese laugh.gif [View same] [iqdb] [saucenao] [google]

Holy shit, I was just about to post that pic. Wasn't there a cuckshed in Vancouver for sale for $1 million Canadian dollars?

>> No.5942682
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you better hope it doesn't crash
since oil went to shit housing bubble is the only thing holding up the canadian economy

>> No.5942886
File: 476 KB, 750x923, 6A596863-0102-4869-85C6-AD2C2D895C3E.jpg [View same] [iqdb] [saucenao] [google]

Another thing to consider is overnight interest rates. Canada is currently at .75% after declining to raise in Q4 2017. I believe America is at 1.5%. Canada will generally try to keep our overnight rate in-line with America’s. If interest rates diverge then the Canadian dollar drop if they converge the Canadian dollar strengthens. If the bank of Canada’s raises the rate throughout 2018 housing prices will fall as access to credit falls and the Canadian dollar will strengthen reducing foreign investment further decreasing the housing market. It’s a interesting balance, BCs GDP for example is 18% housing market and the BOC will only raise the rate if the economy is strong.

>> No.5942937


Also see - the UK

>> No.5943059

If it crashes then the chinks will just buy more

>> No.5943152

Central Bank is pumping up the price

This is fucking horrible and my generation is getting screwed.

Many people don't know this

Fuck central banks
Abolish them

>> No.5943195

god damn fuckin chinks buying all the god damned property

at least live in the house you faggots

>> No.5943234
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>> No.5943235

it's the central bank, chinks have little to do with it.

>> No.5943268

>buy $1million commercial real estate with dad in 2016
>convinced crash is coming
>Sell for 1.3 million in Nov 2017
>moms entire family are fags that live in lowermain land
>all call me stupid and are convinced prices will rise for ever
>Everybody keeps laughing at me as prices rise every month

I need a crash so bad /biz/
I feel like that autist in The Big Short

>> No.5943288

thanks central banking

>> No.5943330

What does it have to do with central banks? We just have a lot of rich Chinese immigrants that love to buy real estate.

>> No.5943516
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There was supposed to be a crash in 2014. Then the price of oil took a dive making the dollar drop in value. This attracted foreign investment fueling the bubble. Because the bubble got a second wind everyone is convinced “this time it’s different” “people have been saying it’s going to crash since 2013 lol”. Chinese people have nothing to do with this now that the dollar is recovering, its all dumbass Canadians now.

>> No.5943580

pls explain to a mong how rich Chinese buying up property and leaving it vacant or renting it our for absurd prices doesn't have an effect

>> No.5943820
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Maybe because they aren’t buying it anymore. Read my post, they where buying in 2014-2015 when the dollar was at .65. They where essentially buying in at a 40% discount. Both Toronto and Vancouver have a 15% foreign investment tax and the dollar has recovered now. Chinese buying property is a meme at this point.

>> No.5943865


anecdotally, I see more Chinese than ever in Toronto and the GTA

>> No.5943869

Shartlet Brappini

>> No.5943918

actually you know what I just realized

they could be koreans or samurais for all I know

>> No.5944084


and what did you learn?

>> No.5944231
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that's how i got my house

>> No.5944816
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What does this mean??
I want a house too

>> No.5945052

I can't help but laugh at legitimate posts like this on /biz/

Year(s) from now you'll look back on how retarded you were to miss out on easily gaining 1000+% wealth.

Stay poor, normie.

>> No.5945077

Really appreciate this post guys. I bought a 2 bedroom condo in Calgary in 2014. I was planning on renting it out, but I'm wondering if I'm going to have to wait to long for the economy to come back to what it was( fuck me).
If I wait to long the building will go to shit. Really feeling like selling at a loss and putting the rest of my money into something else.

>> No.5945113

you literally take over a house that isn't being lived in.
It's free real estate.

>> No.5945224

I think it's Nadia Ali. Looks similar.

>> No.5945266

Any other Canadians sick of how many god damn Filipinos and Muslims we have in this country? Jesus Christ.

>> No.5945393

I don't mind them. Better than aboriginals.

>> No.5945394

Nah. The Filipinos run all the fast food, especially Tim Hortons and the pajeets keep local businesses running by spending their cash on retarded shit.

The negros on the other hand just buy guns to kill each other usually killing bystanders in the process so fuck them.

>> No.5945531

Go to montreal if you want to avoid that in the short term while maintaining metropolitan vibe

But I mean there are many minorities here

>tfw not cashing out in canada for that reason

>> No.5945741

I don't know what the fuck I'd do without my crypto gains lmao, our generation is fucked

>> No.5945831

This but for real yo

>> No.5946109

I'm not even a fucking leaf and I feel the same way here in the US.

>> No.5946214

It's because of low interest rates - as long as they continue to be low, house prices will remain high. Rents however haven't changed much (rents always track inflation) and the interest payment on your mortgage likewise is unchanged. But getting the downpayment is now much harder.

>> No.5946374
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Ok quick question since this is now a Canadian thread:
How to cash out? Coinbase does not like us for some reason.

>> No.5946590
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excellent taste it women

>> No.5946816

>Canadian housing market
Why are people here so fucking retarded? this isnt some euro shit country. The Vancouver housing market is VERRRY different than the Regina Market which is verrry different than the GTA market. Anyway OP buy in Surrey and watch it go up up and away.

>> No.5946896


>> No.5947066

newfoundland here

outside of St John's its literally impossible to sell a house


>> No.5947197

Another deluded Mainlander
Can’t wait for the next eclection so crusty Clark can put the tolds back on your shitty bridges.

>> No.5947231


>what is fiat?
>what is inflation?

you fell for the /pol/ meme

>> No.5947401

are you okay? Also i voted BC Liberal and Clark stepped down retard. Surrey is just an area getting hardcore gentrified, a huge federal development fund and is close enough to Vancouver to make bank off it's costs.

>> No.5947415

>give great insides
I too, am a connoisseur of great insides.

>> No.5947443
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Is a place like prince edward or kelowna a good place to live after crypto gains? I'd work part-time and spend my free time lifting weights and being in nature.

>> No.5947495

The employment numbers, I think, are too good right now for there to be a serious down turn--think about all those job hopping millennials finally having the opportunity to get into a good situation if they move to x instead of y etc. My guess is that when the job numbers stagnate, the interests rates are raised a few more points, and then contagion from reckless US policy causes a catastrophic crash, that's when we are going to be a world of hurt. Maybe something we never recover from for years. When that actually happens is a hard call. I think we just entered the early days of euphoria, or irrational exuberance. My guess is it will last for another 9-20 months. Then absolutely nothing will have value, not even money. _Maybe_ gold will have value, but I actually doubt it. If you can justify your value to all the 9 foot demons raping your grandmother, houses will probably quite affordable.

>> No.5947601

get used to it, the liberals like to import their voter base

>> No.5947658

who is this?

>> No.5947716

On Vancouver island is where it's comfy

>> No.5947776

comfy place to die.
If you are under 60 just go Vancouver. Or Montreal if you can stand all the frogs.

>> No.5947891

move to the nice parts of new brunswick. its stupid cheap

>> No.5948050
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Not gonna happen. And even if it does it's fine to me. Just be prepared.

>> No.5948116

Oh missed the nature part. Scratch off Montreal. Kelowna has no nice nature shit and Prince Edward has nothing Move to the North Van/Deep Cove area. tonnes of nature shit and hikes. Beautiful waterfront, and detached enough from the city while still being a quick drive away. (because most people go from east to west into Van and dont cross iron workers)

>> No.5948161

I hate french, I need a comfy place in nature that's an hour or so away from decent employment, preferably a bank. I love mountains and hunting, none of which I can do here. They're filling this place up with concrete and I hate it.

>> No.5948231

I'll look into it, thanks for the tips! It's a big country after all so it's easy to get lost.

>> No.5948247

bare in mind it's expensive as fuck. Also near Grouse and Cyprus.

>> No.5948315

I live in Kelowna
It’s a alright place especially if you have money
I don’t like living here as all my friends live back home
Pay is also generally shit for how expensive it is

>> No.5948403

Umm wouldn’t the high employment numbers encourage a interest rate increase dropping house values?

See >>5942886

>> No.5948570

I love me some mountains, but are there cheaper places to live? Where do "normal" people go? Here we'd pay at least 450K CAD for a nice house. I'd like to stay in the sub 500k CAD range as I'm not eager on spending everything on just a house.

>> No.5948624

There aren’t any muslims in Canada, just Punjabis

>> No.5949075

Fort Nelson is where people are desperate to sell
50k for a house. Only problem is that you will die of boredom or cold.


>> No.5949157

I'm moving back to Cape Breton when I have enough money, most beautiful place I've ever been. The winters are mild, its 95% white and property is cheap as fuck. Just stay away from Sydney and the surrounding areas. Oh and don't tell the chinks

>> No.5949285

Whitehorse fag reporting in, AMA.
We do drive dogsleds to work and live in Igloos.

>> No.5949829

Skied at Mt Sima?

>> No.5949990

some cheap mountain towns in bc, got to be ok with declining cities though

trail/rossland and kimberley have houses for under 200k
a place like sparwood is fine economically, ok houses under 400k

>> No.5950160

It's alright, they got shitty hours but do groom nice. Used to do Thursdays but nomo.

>> No.5950164
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I'll tell you what's going to happen. We are absolutely FUCKED, especially in Ontario, where I live.

Our lesbian witch Premiere has vote mongered her way into another campaign run at the cost of our provincial economy. It could take us 20 years to recover.

Please add to the list of things she has fucked up...
- Gas plant deal
- Hydro One
- Minimum wage/war on small business

I feel like I'm taking crazy pills - people are actually voting for this autistic moron.

The housing market is all we have left and constant regulation is going to stifle potential first time home owners.

Out of my circle of friends (all less than 30 years old) only a few own homes. Everyone else rents - and its not due to financial mismanagement or lack of income. Most of us have good paying jobs and are educated.

Something is truly wrong when home ownership will never be an option to the educated, well paid citizens of Ontario. In order to bring the prices back to acceptable levels, a crash would be necessary, and the banks won't let that happen...


>> No.5950245

Kootneys is where it’s at. Just don’t try to find a wife there. Dirty sloops lol

>> No.5950248

Frequent the dirty? Absolute paradise of place, great beer, great food and the servers are all hot in a kind of alt-punk way. Overpriced as fuck, but where else you gonna go in that hell hole of a territory

>> No.5950312

Regulation isn’t hurting first time buyers it’s helping them.

>> No.5950363
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Imagine the state of absolute JUST when you bought a plywood monster last April or May for like 700K or a million, and every cent of your income goes towards servicing debt.

Canadians are as fucking KEKed as they come.

Garth Turner is a retard BTW.

>> No.5950372

China will own 85% of Canadian property. Already happened in Vancouver. Currently happening in Toronto

>> No.5950678
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Yeah, there's practically no niggers outside their containment zones and the ones outside are White-bred suburbanites.

The Mudslimes, Street Shitters and Failpenises are an absolute pestilence.

>> No.5950802

If you and your friends are willing to move there are serious opportunities in Windsor. I manage a fast food restaurant and bought a house on the water two years ago by myself. I estimate I made 50k a year on the house more than the 43k I make running the restaurant. Lol.

>> No.5950886
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>Be Ontario Liberals
>Destroy industry
>Pay for everything with debt that doesn't even have a projected source of revenue
>Create a privileged class of government workers who contribute not a single net dollar to the economy
>Rinse, repeat
>After several decades, this caste of government workers with gold-plated pension funds and cemented job security are now 40% of the voting public
>They continue to vote Liberal due to loyalty for their jobs

What happens when the private sector becomes so small as to no longer be capable of paying the taxes to support the public caste?

>> No.5950961


I loved Windsor - I have friends who live there, I frequent Windsor probably 6 times a year.

I would move there in a heartbeat if I wasn't tied down to a career here.

Unfortunately its not easy to up and move, family, careers, commitments... they get in the way. >>5950886

>> No.5950996

depends how you look at it. the tightening mortgage rules definitely affect first home buyers more then anybody else, that and the rising rates. in theory the prices should come down to offset the higher rates and lower borrowing limit. this is true for Toronto so far but not for Vancouver. my opinion is that regulation does indeed hurt first home buyers, but its essentially the government keeping some people out of the market that would otherwise be taking on too much risk.

>> No.5951041


The liberal lie has gone on for far too long in Ontario and the impact it will have on our economy will last for quite a while.

They are literally killing small business for a shot at re-election. 90,000 jobs will not even get created because of all the shit that happened with the new minimum wage bill.

And Kathleen Wynne has the audacity to insult a small business owner and then proceed to call him a bully? The irony is just too fucking much.

>> No.5951119


The regulation is at the appropriate level after the most recent tightening of the rules. Another round of this shit is completely unnecessary.

>> No.5951297

Any of you guys manage to make use of the First time home buyer interest free loan? I'm hoping to use it after the crash.

>> No.5951419
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Great points. IMO however this next round of regulation is needed. At this point the market is way to expensive for any actual first time home owner to enter. Excluding Vancouver places like Kelowna still have a median house price of $600,000+.

>> No.5951983

what's the point? the interest rate on mortgages are so fucking low that if your RRSP's are in good stocks, the market is on fire so far, you'll make more money then you'll be saving.


only a few segments of the Canadian market need to be cooled. for this case, the market should resolve itself by increasing supply. using a sledgehammer to swat a fly is retarded.

>> No.5952385
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>>5951297 (You)
what's the point? the interest rate on mortgages are so fucking low that if your RRSP's are in good stocks, the market is on fire so far, you'll make more money then you'll be saving.

Because it's a interest free loan from the government. There is no downside that I see from taking it. Take the governments 40k @ 0% instead of the banks 3% and invest your 40k in the market at 7%.

>>5951419 (You)

only a few segments of the Canadian market need to be cooled. for this case, the market should resolve itself by increasing supply. using a sledgehammer to swat a fly is retarded.

I was reading somewhere there are hundreds of condo projects approved by the city in Toronto but developers aren't building because they know a crash is coming. So it doesn't seem like the supply side will solve itself anytime soon. Either way regardless of regulation we will have to raise rates to say inline with America.

>> No.5952676

yeah but you already have a RRSP account, you can simply invest in stocks directly instead of taking it out under the HBP and then investing it in stocks. it's not a loan from the bank, HBP simply means you can take 25k out of your RRSP tax free to put into a house.

toronto is a different market, developers are taking a wait and see approach because its prices are dropping. in other areas like vancouver, we can't build enough. why apply regulation and treat both markets equally when they are obviously diverging?

>> No.5952985

Delicious tater tots. I'm too cheap to go out anywhere, let alone here in YXY. Interupts muh gains too much. Some foxy broads working there though, fo sho.

>> No.5953019

>waitress friend who is also a "Part-time realtor"

god isn't this the fucking truth

>> No.5953033
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>>>5952385 (You)
>yeah but you already have a RRSP account, you can simply invest in stocks directly instead of taking it out under the HBP and then investing it in stocks. it's not a loan from the bank, HBP simply means you can take 25k out of your RRSP tax free to put into a house.

My bad I think we are talking about different programs.


>toronto is a different market, developers are taking a wait and see approach because its prices are dropping. in other areas like vancouver, we can't build enough. why apply regulation and treat both markets equally when they are obviously diverging?

Fair enough, I guess I just look upon the regulation favorably because I sold a couple properties in November 2017 betting in a price decline.

>> No.5953077

How much monies am I going to have to have in the bank account once it crashes?

What are going to be the "safe" jobs?

Srs questions here lads

>> No.5953110

>have to raise rates because America raises rates

You don't really understand macro economic monetary policy, do you?

Please explain why rates would be raised in Canada solely because of rate movements to the south. Go on, this should be really good.

>> No.5953213

Its ok, you might have been early but you weren't wrong

>> No.5953214

>>waitress friend who is also a "Part-time realtor"
>god isn't this the fucking truth

Absolutely FUCKING HATE this. These dumb bitches are making a killing. They don't fucking know shit about houses either. Couldn't tell you if the hot water heater is electric, natural gas, propane, heat pump ect. but still think they are qualified to sell houses. I gained so much respect for my agent when he told me to wait out the next few months rather than force something just to defer capital gains.

>> No.5953217

wan2 wife her

>> No.5953327

alot of Chinese are here as international students though, not all of them are rich businessmen investing in property

>> No.5953414

lots of Arabs in Ottawa and Montreal

>> No.5953436

Its going down, slowly at first as the new regulations and credit tightening eases out the worst chumps, then a complete fall.

I know three fellow millenials (how do you do fellow kids) who had parental help but still can't afford their mortgages. Their situation is so precautions anything will fuck them up. I have no idea why they even got on the ladder, pure greed on their part.

>> No.5953470


>paying more attention to housing prices in USD/CAD than Satoshi

>> No.5953605


My friends are decently paid software devs (the salaries in Toronto are a joke compared to any mid-major US city) and this is SPOT ON except for the deaths, they FOMOed in but arent that retarded.

>> No.5953707

pei a house is 100k
calgary and edmonton are affordable and have jerbs. Toronto offers no advantages in its city core aside from more traffic.

>> No.5953721 [DELETED] 

I predict the streets will be covered in shit by Q2.

>> No.5953746

also montreal is much nicer than toronto and affordable.

>> No.5953752
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Please explain. I took a macro econ class but really didn't pay attention. From what I heard Canada tries to generally keep its overnight rate close to Americas. I also heard that if the rates diverge our dollar falls relative to the USD. Can you explain if this is true and why, I'm genuinely interested.

>> No.5953840

Canada accepts immigrants with open arms. Most have money from back home.

Supply and demand.

More people coming in means there has to be available housing, and if theres not, prices go up.

Easy peasy

>> No.5953891



>> No.5953904

>Most have money from back home.

>> No.5953948
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>> No.5954133

also montreal is much nicer than toronto and affordable.

>> No.5954197


My parents unironically did this, but at a great location in the GTA. Also flipped a house that they bought a year before that and made like a 30% profit on it which went towards the down-payment/mortgage.

But yeah this housing market is just fucking insane. Good lord the millenials are absolutely and COMPLETELY F U C K E D. Fuck this stupid bitch Wynne and fuck Castreau. I hope we get a Trump-lite elected but I don't think Tories are delivering on that front...

I'm a pajeet so I'm just going to be living at home with my parents for as long as I can. I just wanna make enough crypto gains to pay off their mortgage and then get a small condo or some shit, i dunno.

>> No.5954211

well what the fuck does toronto have ?

>> No.5954307

Your parents are part of the problem and will be gassed along with yourself when the time comes.

>> No.5954312

cultural enrichment

>> No.5954367

Sikhs are bro tier though, don't ever forget that

>> No.5954386


How are they the problem? We literally needed to move to a bigger house because these shitty fucking townhomes for $450k are tiny as hell. Found out that not too far away new homes were being built detached, so we got in the pre-sale. Not our fault the fucking retarded market paid $700k.

>> No.5954513

A problem because
> flipped a house
FOMO behavior right there. Drives up house prices
> Pajeet
This is a white mans lands. Fuck off shitskin.
> Complains he can't poo in someone elses street and has to shit in his parents basement
Literally people like your parents are causing this problem.

>> No.5954528


Only fucked if they participate in this nonsense.

There are better and cheaper cities than Toronto.

>> No.5954608

>I'm a pajeet so I'm just going to be living at home with my parents for as long as I can. I just wanna make enough crypto gains to pay off their mortgage and then get a small condo or some shit, i dunno.

Why you even worried if your brown? Unless your not a only son.


True. Hindus and Muslims bring down all brown people.

>> No.5954695


>FOMO behavior right there. Drives up house prices

It wasn't an intentional flip, you brainlet. Maybe I shouldn't have used the word "flipped". Just so lucked out in the market because the retarded situation in the GTA Is that townhomes for some reason are being sold for insane prices.

>This is a white mans lands. Fuck off shitskin.

I'd like to say that to your british ancestors who raped India's people and wealth in the 18th century, but alas, cunt. Go fuck yourself, my family contributes much more to this nation than your autistic ass.

>Literally people like your parents are causing this problem.

They're hard working and pay their taxes. Brainlets like you are the first one to get shoah'd on the day of the rope.

>> No.5954763
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eventually whites are going to lose their patience and throw the chinks out like we did 100 years ago.

I'm part of a white nationalist group in Vancouver and we are growing extremely fast.

>> No.5954798

kelowna is nice, boring in the winter if you dont go ski/board/sled.
>Kelowna has no nice nature shit
the kalamalka cliffs? the lake? the mountains? the greenway? its a short drive into the wilderness.
>Pay is also generally shit for how expensive it is
this is also true, if youre not a business owner not many jobs pay more than youd make waiting tables. but crypto kind of nullifys that. great place to airbnb in the summer though

>> No.5955622
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>Kelowna just feels way to over hyped.

>> No.5955864

Fuck is the Canadian housing ever going to crash? Why the fuck US housing so much cheaper?

>> No.5956033
File: 46 KB, 620x518, 1514081769427.png [View same] [iqdb] [saucenao] [google]

Agree with you bro. Constant immigration drives up the housing price (no fucking shit, everybody needs a house). If you are immigrating to a country, you are going to contribute to the housing problem.

>> No.5956166

Canada only accepts rich immigrants? No wonder house prices keep going up. They should remove the cmhc $1 million insurance cap so cad houses can keep going up. Fuck..

>> No.5956351

You don't even need to be rich for houses, only rich enough to pay your deposit and wage slave enough for mortgage.

>> No.5956375

>I'd like to say that to your british ancestors who raped India's people and wealth in the 18th century, but alas, cunt. Go fuck yourself, my family contributes much more to this nation than your autistic ass.
oh, you must mean the wealth of India after the Mughals had finished pillaging it for the 300 years previous to us arriving?

You "people" are a step above vermin. The only superiority you have is your numbers and little, cheap fingers that are useful for making the nice paki rug on my floor. You contribute nothing, only disease and delinquency. Your accents are utterly disgusting. Pigs have worn dresses and sounded sexier than your mothballed "women". Your "educated" kind are little more than monkeys with useful degrees. I will never hire or promote a Paki. They do not have the mind to think for themselves and go where bidden, much like in the wonderful 18th century you were so keen to mention. They day will come when I will strap you to a cannon and you while be happy someone of my worth went to so much trouble to waste that much gunpowder on your shit-stained Indian asshole.

>> No.5956533

you need the income to qualify for a mortgage. you either have a huge downpayment, wealth, or high income. depends on the property you buy. but most immigrants own houses that are higher thent the median.

>> No.5956587
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>They day will come when I will strap you to a cannon and you while be happy someone of my worth went to so much trouble to waste that much gunpowder on your shit-stained Indian asshole.

How badly did Jamal fuck your wife?

>> No.5956911

Sorry, racialeaf, but that mesmerisingly beautiful Indian girl being posted in this thread is a far more convincing argument than all of your frantic froth.

>> No.5957065
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>housing market cant fail
What is Japan, what is Sweden's 10% drop in a month.

>> No.5957664


Toronto maple leafs

Worth the 1 million average house price

>> No.5957789



But when you own a home for 1 year and it goes up 150k in value... boom massive down payment

>> No.5958034

but if you're home has gone up 150k, you either buy something that has also gone up 150k. you're just moving sideways in a area that has gone up in value. the only real way you can get a massive downpayment from rising house prices is by moving to a area that isn't as hot.

>> No.5958116

You don't sell the house to buy another. You use the equity as down payment on the next house.

>> No.5958173
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>reading this

>> No.5958233

that's if you don't have a mortgage on one house already, buying a second house removes the PRE, which makes it hardly worth it over normal investments.

>> No.5958275

Dont blame the public servants because the rest of canada is too cucked to unionize

>> No.5958278

>make 1 million in crypto
>get shack in vancouver

fucking made it

>> No.5958624


This is what I did.

Bought townhouse 222k 5years ago

Sold 6 months ago at 510k

Paid off all debts. Bought 600k house 15 minutes drive further. Detached, twice the size. No condo fees.

Put huge down payment. Mortgage stayed the same

>> No.5958981

Soon op, soon