FormerXBC Inc XEBEQ

Industrials

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

GREY:XEBEQ - Post by User

FormerXBC Inc > Stop quibbling back and forth

<< Previous

Bullboard Posts

Next >>

Comment by Gann999on Jul 14, 2022 3:30pm

71 Views

Post# 34825050

RE:RE:RE:RE:RE:RE:RE:RE:Stop quibbling back and forth

You do realize they stress test all these people for higher interest rates right and I doubt it's 10 percent of the population not being able to pay their mortgage you get a second job and buckle down

babedinkleman wrote:
Gann999 wrote:
pretty sure I literally said in the post you responded to unless you bought in the last year or so and maxed your borrowing but whatever

Yes....and I think you are discounting just how many people jumped on the real estate train in Canada in the past few years. When the bubble fully bursts....which is pretty much inevitable at this point given interest rates it will have a domino effect. 5% or 10% of the population not being able to pay their mortgages or being able to refinance their homes and every other Canadian having their home equity shrink by a large amount will be felt.
Just google "Canada's economy reliant on real estate". It's the country more tied to real estate debt than any comparable nation.
But anyways enough about that....at least XBC is holding up well today....although volume is amost non existent for some time now.