Peyto Exploration & Development Corp T.PEY

Sell PEY and buy houses

[ngtraderng]

In Canada houses are a protected asset. The government won't allow the price to come down and you are practically guaranteed 20% appreciation or more per year. That's a better return than PEY shares will give you.

[Quintessential1]

No its not.  Don't take my word for it.  Come back at Christmas and we'll compare notes. GLTA Longs

[Ganga22]

Then buy a house!  So you trust the True Dough Government?  

[ngtraderng]

Truedope or Harper, it doesn't matter. They are both flooding the country with immigrants and foreign speculation money to keep the facade of growth going. We now have 450k immigrants per year + another 350k "students". People forget about the students but it's essentially a pay-for-citizenship scheme for young people. Canada has declining GDP per capita but nobody talks about

[Burgersandfries]

Canada was built on immigration there's still no where else in the world I would rather live despite our pathetic leadership. Our realsestate is high because we are a go to place and local governments take too long to approve new construction or Rezoning for it hence the supply issues. At least that's the case in the greater Vancouver area. 

[Quintessential1]

Freeland already stated in the G&M's ROB they are not going after capital gains in housing or equities.  https://www.theglobeandmail.com/business/rob-magazine/article-chrystia-freeland-interview-canada-economy-future/

[MagicPinstripes]

Hi, I would argue that our GDP would take a hit if housing were to decline - think about all the associated industries that profit from housing growth (banks, contractors/trades, insurance, mortgage brokers, construction, real estate agents, lawyers, cities/towns, etc.). Not only the increase in equity for homeowners, but all the leveraged borrowing against that equity for renovations, cars