Is Canada moving towards another recession or what?

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febpreet
Member since: Jan 07

Posts: 3252
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Posted on: 06-02-15 13:07:08

Quote:
Originally posted by dhaikin

Is 0.15% enough to sustain tough times ahead

No, but it's enough for me to be happy that more money I am paying each month will go towards my Principal than the interest. All other things being constant.

adamthorat
Member since: Aug 11

Posts: 1041
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Posted on: 06-02-15 17:14:01

Its already in recession.

Je Suis Recession ! like TK would say

febpreet
Member since: Jan 07

Posts: 3252
Location:
Post ID: #PID

Posted on: 06-02-15 17:24:31

Quote:
Originally posted by adamthorat

Its already in recession.

Je Suis Recession ! like TK would say

Nous sommes dans la récession.

Sorry, but I am learning french these days, so it's a practice. Thanks to TK.

RBO
Member since: Aug 06

Posts: 1761
Location: Mississauaga
Post ID: #PID

Posted on: 06-02-15 17:28:07

an Economist warns people to do not go on more on debt....if not comfortable than do not buy a House.

Canada's housing market prompts bubble warnings ... again

https://ca.finance.yahoo.com/blogs/balance-sheet/the-bank-of-canadas-recent-interest-rate-cut-may-190115727.html

regards

febpreet
Member since: Jan 07

Posts: 3252
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Posted on: 06-02-15 17:50:07

Whatever may be the reason, there won't be a burst anytime soon - recession or no recession.

Mark my words.

adamthorat
Member since: Aug 11

Posts: 1041
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Posted on: 06-02-15 19:14:26

Quote:
Originally posted by febpreet

Whatever may be the reason, there won't be a burst anytime soon - recession or no recession.

Mark my words.

Yup because gullible immigrant's will keep on coming here especially in GTA & GVR , and they need some place to live in..usually the basement & condo of some investor

..a sh*t hole that will charge them an arm & a leg

The investor doesn't care as their MTG is being paid by these immigrants & his equity is being built.

The poor immigrant in the meantime is paying the rent by doing a back breaking low level survival labour job. The investor is sitting home & raking the moolah..and bragging about how much money he is making & how is properties have doubled & tripled in the last 10-15 yrs on the backs of these poor souls..and how successful he is in Canada

The immigrant has nothing left over at the end of the day after paying the exhorbitant rent ( aka investor's MTG payment )..LOL

The banks, the house owner , the builder & the city ( property tax revenue ) are chuckling all the way to the bank

..nice job that they should be VERY proud off

Je Suis Canada !

adamthorat
Member since: Aug 11

Posts: 1041
Location:
Post ID: #PID

Posted on: 06-02-15 19:23:14

There are houses & condos in Canada , which are like Pig Sty's , where the investor has crammed in as many gullible immigrants as he can..the more the better. The basement is rented & each & every room is rented for $ 500 or so.

Hey..they will also throw in some low quality hardly edible food in it for a few $$$ extra ..now live in these rentals like animals & do your crappy survival jobs to pay the Mortgage of the Investor..ha ha.

The Investor is laughing all the way to the bank, with his 3-4 properties & is already worth millions in increased property values etc..don't blame him , he is just a business man or woman ..modern day Shylock..with the blood, tears & sweats of the exploited immigrants on his hands

Je Suis Shylock !

Contributors: febpreet(25) Fido(15) mcg7(11) tamilkuravan(7) dhaikin(6) RBO(6) adamthorat(6) irock(5) dimple2001(3) JRF(3) Gurram(3) sumjo(3) san-hugo(3) Nightmare(2) Delhite(2) Rajagopal(1) rajcanada(1) clinton(1) vivek901(1) AjaxDesi(1) Monica.admin(1)

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Is Canada moving towards another recession or what?

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