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Politics : Canadian Political Free-for-All
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To: Clark Kent who wrote (20018)11/4/2019 12:29:10 PM
From: Cogito Ergo Sum1 Recommendation

Recommended By
kidl

   of 37480
 
I have been frankly amazed at the country's resilience so far... but this is what I think is happening in answer to a query on another board wet loonie's direction..

To: TobagoJack who wrote (151519)11/3/2019 10:05:42 AM
From: The Black Swan Read Replies (1) of 151535
I have actually been surprised at its strength.. Seems we are no longer a petro economy.. But an immigration economy.. Housing remains strong.. Rates.. Can't see them anywhere near when I first bought lol.. 12.5 % mortgage all those years ago.. Will remain low ... Seems to support the loonie

And if Trans Mountain goes through better.. Although minority position makes that tenuous once more..

Oh one more housing comment.. It's not only about super rich buyers.. Lots of regular folks type immigrant ranks swelling demand across the board..

Of course a ponzi scheme of its own.. So more years of deficits propped by housing.. Until unsustainable
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