Comments by "L BA" (@lambertois11) on "Cracks in Canada's Housing Market Start Appearing" video.

Be careful when you mention the big bubble in Canada housing market. The big housing bubble is located in two cities: Toronto and Vancouver. These 2 cities represent only 24% of Canada population. Contrary to the USA and Europe where people budget are crushed with high utility costs. In Canada electricity and gas are very cheap. Canadian banks cannot issue a mortgage for more than 80% of the evaluation. The mortgages are subject to a 3-percentage point stress test. The people requesting a mortgage must be able to afford the payment of the interest specified in the contract, plus an additional 3%. The affordability criterion is the total mortgage payment must be a maximum of 30% of household revenue.
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@jokwon7343 The Canadian economy is much more resilient than the United States economy. The unemployment is low because there is a shortage of manpower. The Canadian government and several provincial governments have announced budget surplus for the 2022-2023 fiscal year. Do you remember the last time the United States federal government and any state government had a budget surplus???
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@joeyjoejoeshabadoo6107 Hey Joey joe Joe Joe, You have to know the Canadian vocabulary : In Canada you do not put gas in cars, you put gasoline!!!
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@fabionaps Hey Fabio you are disconnected and lost!
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@kochan0410 People from foreign countries have developed all kinds of convoluted ways to evade taxation, to swindle other people’s money, and to launder dirty money. Canadians is a very fertile ground for these fraudsters; they have no respects of Canadians laws and the Canadian way of doing honest business.
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@jokwon7343 So What!! …. SO WHAT!!!
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@domjohnson2579 Come on man, look at the big picture. The real estate market in Vancouver and Toronto was boosted by foreign investors that pushed the average house price beyond the means of young couples. But this bobble has reached its limits. The rich Chinese are now stuck in the zero COVID and common prosperity trap.
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@parkerbohnn Come on man, Ontario population is 14 million, BC population is 5 million. Canada population is 38 million. (14 + 5) / 38 = 0.5. Your 2/3 is WAY WRONG
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