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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (3187)	1/7/2022 4:19:06 PM
From: Sun Tzu	2 Recommendations Recommended By ajtj99 towerdog Read Replies (1) \| Respond to of 10712

Toronto and Vancouver are special cases globally - which is why they almost always lead in RE markets. Canada receives more per capita immigrants than any other country. The vast majority of them are rich and head towards Toronto or Vancouver. As a result there is almost always fresh buyers for properties in these two cities. China doesn't have this option. And I know enough to know that their bureaucrats are no better than the rest and in many ways are worse. However, the government will end up bailing out the RE market, b/c just like Japan and the US, they don't have a choice. That however would push the Chinese debt-to-GDP to breaking point. So all this US fear of China is unfounded. The will almost certainly drop in its global position, but not because of some ingenious Chinese plan, but due to its own mistakes and shortcomings.