The Canadian economy is on the verge of TOTAL collapse
>massive underemployment thanks to shitty job market and endless immigration, average university STEM grad makes $14/hr working at tim hortons >Trump tariffs about to dismantle the auto industry >housing bubble 3x as worse than 2006 America(2x people employed in construction and real estate per capita) >housing market in freefall, listings exploding, sales ground to a halt >subprime mortgages everywhere >massive brain drain to America because people there can actually find jobs and get paid well >business confidence at rock bottom, most companies are only expanding foreign operations >oil industry gutted by 2014 price crash, prices increase to $70/barrel but no recovery at all, meanwhile Texas is booming hard as FUCK >highest personal debt levels in the world
Canada is 100% FUCKED, we are literally the next Argentina, Spain, or Greece.
someone explain to me a retard what a housing bubble entails
Joseph Cook
I’ve been looking for work in the US because our job market is shit. It is insane how many more jobs they have than us. I’m leaving my current job because they aren’t paying me enough for what I’m doing. And yes, the real estate market is tanking.
>housing prices go up, up, up, way past the point where new buyers could reasonably afford them >because lots of people own houses, their net worth goes up and up and up >because peoples' net worth increases, they spend more of their money as disposable income instead of saving it or paying down debts >sales come tumbling down, down, down >people perceive their net worth declining, suddenly halt all that spending >demand falls >as demand falls, housing prices fall >as housing prices fall, people perceive their net worth declining, suddenly halt all that spending >demand falls >as demand falls, housing prices fall >as housing prices fall, people perceive their net worth declining, suddenly halt all that spending>demand falls >as demand falls, housing prices fall >as housing prices fall, people perceive their net worth declining, suddenly halt all that spending...
Repeat until the market is more or less where it was before the bubble
Robert Garcia
>oil industry gutted by 2014 price crash, prices increase to $70/barrel but no recovery at all You haven't seen nothing yet.
I really can't wait for this shit to crash i'm gonna crack open some pop corn and watch wagecucks go through the various states of bubblecuckholds This is going to be delicious I can't wait to see all the roasties selling their holes for cheap to pay for that mercedes lease
You forgot the part that all the people who went and bought homes anyway in the inflated market are now totally underwater on their mortgages and the banks are wanting that money back ASAP
Hypothetically if this actually happened and Canadians started to illegally cross the border what would be the public response
Oliver Ward
You also forgot the part where a big chunk of GDP in brokerage and realtor fees disappears and a bunch of construction companies get fucked mid project
Jason Green
Sell your west coast to the US, so we can drive to Alaska without maple niggers asking questions
Thanks to one-eyed scums, taking our money till economy collapses... They saw it coming and this is why they dont want to pay us 20 dollars per hour. We're are fucking machines to them. Revolution when?
Parker Diaz
Yea he does. He does not speak on behalf of Canadians. Just his Clinton foundation friends.
>>because peoples' net worth increases, they spend more of their money as disposable income instead of saving it or paying down debts >>sales come tumbling down, down, down
yes im a retard but i want to understand. 'sales' as in what, house sales?
Adam Barnes
>post yfw Trump makes the Day of the Rake a reality
>own a condo in a rapidly developing/improving part of the city >zero debt >50k/yr salary managing in a company contracted out by the government (that I got for working my ass off at an entry level job I literally have no post secondary lmao)
A-am I gonna be okay
Liam Ortiz
As a self employed leaf with no debit, owns a house with no mortgage. How fucked am I?
Logan Kelly
Yeah, because they're overvalued.
Juan Brown
Feel sorry for you actually, leaf. Sad story to be honest, Canada seemed like quite nice country when i was visiting my aunt in Calgary 20 years ago.
Ethan Lewis
also, you forgot >80k house becomes 2m house, not due to intrinsic value but out of control price increases >take out 2m loan i cant really afford, but hey the house will be 3m next year > try to sell house i cant afford, but no one else can afford it either > foreclosure > i lose the house but still owe 1.9m on the mortgage
we'd have to get to venezula levels of no food on the shelves for this to occur. if we got to that point, you'd see huge powers given to homeland secuirty to secure the eastern part of the country. the medwest and far west would be completely indefensible. Ontarians would first flee to manitoba to get into the states.
This would prompt the americains to invade northern ontario and manitoba to cut of the flow of migrants from entering the western part of canada. The country would be split in two, effectivly bankrupting the east, while the west would florish.
Jose Sanchez
Canada deserves it - there's a time when the toll comes due for having a nation full of liberal and leftist cucks.
all they really need to do is secure thunder bay and they have canada by the balls.
Jaxson Carter
>taxpayers bailout the banks and real estate industry
Bentley Taylor
Such a beautiful country. For shame... we cannot negotiate with terrorists, or those who do not respect us, we only befriend the free and civillized world! Good bye leafs, you have been voted off the world order!
Yeah I've been hearing that ever since my social studies teacher made us start reading newspapers in the 70's. If it helps, I do believe that your personal contribution to the Canadian economy is and will continue to be non-existent and I do concede that this is a tragedy but its nobody's fault but yours and your parents.
Thomas Green
You forgot >no gold >giving out suicide pills instead of care to your sick >giving $400 million to u.n. to 'empower women' on other side of the world jewed via feminism
Owen Sanchez
This is how Ford becomes PM
Andrew White
Calgary is not the same city it use to be. Spent 3 days there a month ago. Every single service sector person was brown. Every waitress hotel desk clerk I shit u not
Anthony Morales
But DUDE socialized medicine lmao
Blake Stewart
>Canada is 100% FUCKED Good, Canada, as a political entity, is dead. Long Live Western Canada!
hey look, the liberals are crying about the sky falling again loooool
Daniel Sanders
You do know edmonton is one of the most northern cities in the world with a population above 750k. So in short it's a shit hole. Some of its milder nicknames are deadmonton and stabmonton.
I got that you are Chinese. Most Chinese in Canada will be fine.
Luis Gonzalez
So if Canada goes down the shitter could the USA just replace all their Mexicans with Canadians instead? The Canadians are probably well educated too so they could take some good jobs too. Did Trump plan it all along?
Brody Robinson
I really hope Canada can balkanise and hopefully preserve it's Anglo heritage through that.
Sebastian Watson
the tides are turning. Ontario Elected Doug Ford and in 2019 Scheer is going to be the new PM. I'm not a big fan of Scheer but he'll work with Trump and make Canada great again
Xavier Rodriguez
America has way more spics than Canada has people. Sad but true.
and i feel nothing for you, go thank your faggot leader
Jonathan Collins
LET THEM EAT MAPLE TAFFY.
Jayden Garcia
What is the solution? Become a hedonist society like US?
Luis Murphy
quite alarming, esp the housing shit can happen here too. it's waaay to high. like last year they sold this house here, which isn't even a real house, you share it with another family. it costed 10 million fish shekels. it's not worth a tenth of that. morons from oslo moved there
Nathaniel Hernandez
Well when your only choices are a Shitskin Sikh separatist (NDP), a gay man who's LARPING as a straight male (libs) and a PC jew (PC party) you gotta pick the PC Party because they will keep some order I'm Canada
Noah Gutierrez
He's a pedophile and his sister did 9/11, screencap this.
Daniel Parker
The legendary day of the rake is about to happen, oh god how i have wished for this day. YES. GOTT STRAFE KANADA.
Ford got a majority government for Ontario. Quebec will be voting Conservative later this year. People are fed up with Justin from Canada. Thank God we have paper ballots so the kike Soros can rig the machines
Chrystia from Canada continues pushing the ridiculously obtuse narrative that tariffs to protect the U.S. steel and aluminum industry represent President Trump saying Canadians are a national security threat to the U.S. Canada doesn’t make much steel and aluminum for two reasons: >#1 because the environmentalists in Canada have killed off their heavy manufacturing industrial base. Which is exactly what President Trump is attempting to ensure doesn’t happen in the United States. >#2 because it’s just easier, and more lucrative, to structure the Canadian economy as a brokerage for the assembly of pre-manufactured Asian products prior to entering the U.S. market via the NAFTA loophole. This economic model was designed by former Canadian and Mexican officials, who were well paid puppets to the plans of multinational corporations and financial interests. >It was a nice gig while it lasted. Both Canada and Mexico have had over 25 years to enjoy the construct. However, President Trump is now resetting the entire agreement to benefit the interests of U.S. workers and Main Street USA.
DAY OF THE RAKE! DAY OF THE RAKE! DAY OF THE RAKE!
Xavier Gomez
If you can't learn socioeconomic climates, and how they work (stocks would be a good entry point to learn), then buying a house also wouldn't be a good idea.
It's the same thing except houses don't usually have dividends and are rented by you. (I say rented because if you don't pay school/property/etc taxes, poof goes your house).
