Chorus Aviation Inc T.CHR

Recession??? Lol

[maplak]

We are in recession? Where? Does anybody remember any recession? Well I do . Came to Canada 1989 right into real estate recession from 89-94 . In 1994 at the end of the recession I bought my house in Toronto after 20-30 %real estate  market correction. 5 years closed mortgage @ 8.5 % . The bottom of real estate was 1995 since than prices climbed up till today. In 1989 I lived in St. Catharines with unemployment of 21% . Luckily find the job in Toronto in manufacturing after 2 months laid off for whole year. Lot of houses taken over by banks since owners could not pay mortgages due to laid offs. That's what I call the recession.

[flamingogold]

maplak, I believe the "typical" deep recession, like the one you described, will not surface this time around. But, strange times produce strange results. Post-covid we will likely experience a shallow recession with a slowing economy but unusually low unemployment. Housing will be a different animal, at least in Canada. The equities market will begin to recover well in advance of