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CMHC to issue first ‘red’ warning for Canada’s

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CMHC to issue first ‘red’ warning for Canada’s housing market


Misc CDN | 206706 hits | Oct 17 9:37 am | Posted by: shockedcanadian
5 Comment

Agency warning about a strong risk of problems on the horizon

Comments

  1. by shockedcanadian
    Mon Oct 17, 2016 4:39 pm
    Toronto and Vancouver first. The fallout should be interesting...

    In short, red means "bad".

  2. by avatar BartSimpson  Gold Member
    Mon Oct 17, 2016 5:29 pm
    Ottawa is also closing tax loopholes used by some foreign buyers.


    What 'loopholes'????

    I pay throught the friggin' NOSE on property taxes in Victoria!!! I don't get no friggin' 'loopholes'!!!!! :roll:

  3. by avatar martin14
    Mon Oct 17, 2016 5:33 pm
    "shockedcanadian" said
    Toronto and Vancouver first. The fallout should be interesting...

    In short, red means "bad".



    That 15% Chinese tax on foreign buyers in Vancouver seems to have done the trick.

    It killed the market.


    Toronto council thinking of doing the same.


    Enjoy the ride, sell it now if you got it.

  4. by shockedcanadian
    Mon Oct 17, 2016 5:55 pm
    "BartSimpson" said
    Ottawa is also closing tax loopholes used by some foreign buyers.


    What 'loopholes'????

    I pay throught the friggin' NOSE on property taxes in Victoria!!! I don't get no friggin' 'loopholes'!!!!! :roll:



    You're an American, you don't need loopholes, you are engaged in the free market.

  5. by avatar Freakinoldguy
    Tue Oct 18, 2016 12:52 am
    "martin14" said
    Toronto and Vancouver first. The fallout should be interesting...

    In short, red means "bad".



    That 15% Chinese tax on foreign buyers in Vancouver seems to have done the trick.

    It killed the market.


    Toronto council thinking of doing the same.


    Enjoy the ride, sell it now if you got it.

    It's okay though. I now have some nice Chinese neighbours behind me and beside me so it would appear that crispie's plan to spread the misery around to all of BC is off to a great start. :lol:

    But on the plus side if you're one of the "foreign" home buyers who happens to be of a specific ethnicity all you or your relatives have to do is wait about 50 years and you'll receive the prerequisite apology and lump sum payment from the Federal and Provincial Governments for their racist policies regarding your rights to drive up Canadian home prices.



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