RE:RE:RE:RE:the chicken farmerI would concure with you on this point.
With the hype of jacking up the housing price, how could an average working canadian be able to afford a home?
However, I guess as real estate agent or car dealer shop, they would be happy to see those rich kid walk in with cash. so they could afford to live there. a reverse abusive cycle.
JxEssence wrote: Sounds identical to US housing bulls in 2007... there is tons of illegitimate subprime/private lending going on in Toronto and Vancouver. Vancouver is the fraud capital of North America. I feel sorry for people born here who have basically become second class citizens sold out by their elected representatives. You believe in investing and supporting corruption, good for you, but it's not sustainable. I commend a seasoned veteran like Cohodes for speaking out on behalf of Canadians and drawing attention to provincial/federal corruption and malaise that is destroying this country.