Finally someone who gets it. Every CMHC loan is a bad loan by definition. No reasonable lender would make that loan if it wasn't for government guarantee. Add interest rate manipulation by BoC to the mix, and you get this mother of all bubbles. Shut down CMHC and watch how fast things go back to normal.
This is so reassuring to hear this discussion. It is high time Canadians realized that there is only so much money in the economy. The only way to create money is by encouraging Canadian businesses. Printing money only devalues currency. Real estate does not create jobs in the economy unless we have a policy that favours construction. It is a bubble the government doesn't want to burst but must indeed burst for greater good of Canadians at large and for benefit of our future generations.
how about controlling the greed, government could put a cap on corporate profits on housing. And, charge less taxes. When I sold my building for $150,000 I paid over $20,000 in taxes. And this yo-yo on interest rates cold be capped as well.
Get rid of insured mortgage. If you want to buy , you should save for 20%. This will crash the housing market short term and helpball canadians long term. We need to suffer so our children dont
it's bad, it's really bad and Mark feels for you, but he will still vote turdo because of the environment and his "green" convictions. It's amazing how Canadians think. America just needed 4 years to make huge changes. Think about it...
![ILLSLICK - KILLSHOT REMIX [FULL VERSION]](http://i.ytimg.com/vi/RIK8RrqIAzE/mqdefault.jpg)
Canada's economy is trading houses to each other and going to Tim Hortons 😂
We no longer go to Tim Hortons lol
House Trading+GOVT Jobs 😂😂😂
Finally someone who gets it. Every CMHC loan is a bad loan by definition. No reasonable lender would make that loan if it wasn't for government guarantee. Add interest rate manipulation by BoC to the mix, and you get this mother of all bubbles. Shut down CMHC and watch how fast things go back to normal.
We're the government and we're here to help.
Canada has no industry.. real estate 😅😅
Thats should change. Otherwise Canada's economy will tank. We need Canadian to "work" towards economic growth.
Do you know why has no industry? Too many rules
This is so reassuring to hear this discussion. It is high time Canadians realized that there is only so much money in the economy. The only way to create money is by encouraging Canadian businesses. Printing money only devalues currency. Real estate does not create jobs in the economy unless we have a policy that favours construction. It is a bubble the government doesn't want to burst but must indeed burst for greater good of Canadians at large and for benefit of our future generations.
how about controlling the greed, government could put a cap on corporate profits on housing. And, charge less taxes. When I sold my building for $150,000 I paid over $20,000 in taxes. And this yo-yo on interest rates cold be capped as well.
Interesting take!
Government knows what they are doing. it is just keep this show going for their masters. If you control debt, you can control people.
Get rid of insured mortgage. If you want to buy , you should save for 20%. This will crash the housing market short term and helpball canadians long term. We need to suffer so our children dont
I’ve been saying that for years Keep the government out of
Good interview
What is important is a roof over your head and food on the table! Everything else is just bonus if you can afford it.
it's bad, it's really bad and Mark feels for you, but he will still vote turdo because of the environment and his "green" convictions. It's amazing how Canadians think. America just needed 4 years to make huge changes. Think about it...
Welcome to Trudeau's Feudalism Era.
Vote Pierre Poilievre !
Hes a racist and he's no magician.