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vancouver is growing at around 7-9%. what’s toronto’s population growing at?

“Toronto’s population grew by 1.0% from 2001 to 2006, with an annual growth rate of 0.2%.”

http://en.wikipedia.org/wiki/Demographics_of_Toronto

“An immigrant cannot apply for this until they have been here 10 years or more otherwise the government goes after the sponsor.”

Thousands of sponsored immigrants apply for and receive welfare every year. Over a decade ago, I remember BC alone being owed $50 million by sponsors.

This of course doesn’t include the biggest expense – healthcare – which is free.

Current immigration policy is a massive pit of red ink, a net cost estimated at over $20 billion a year.

>112 OAS/GIS
>until they have been here 10 years or more

I am aware that now Service Canada is enforcing more proof of residence, but for many decades, gov’t hasn’t been tracking or demand the proof of the days PR or Canadian citizen being here in Canada.

I know people who keep local address, keet names on small utulity bills, library card to back up their residency, but in fact they are overseas for many years.
They have Canadian Bank account, filing income taxes (zero income), so eligible for all those benefit, automatic deposit of course.

loopholes, loopholes, loopholes….

How many 16k parties would that be for this year? 7? 8?

@Barb

They justify such behavior by saying it is part of their culture and who they are, locusts and leaches. As a multicultural and democratic society we are supposed to live with it and accept it as a new norm according to our lawmakers.

Bernanke: There’s No Housing Bubble to Go Bust (2005)

http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html

Silly east of Eraser 2 million $ buyers, that house sold in the spring, and already it’s lost 10% bringing it to under 2 mill. You can get a new house west side for 2 million

Lets face it folks we are screwed on this blog.
We keep waiting for reality and sensibility to come and we constantly get screwed.
The Government halted the investor immigrant scam but wont raise rates or pull in the CMHC or track hot money or tax empty homes and we wait for one of the miracles to happen. And we know full well that the first real drop in RE prices would bring such a howl from the self-entitled that they will do an immediate about face and throw the kitchen sink at it.
When and if it does finally burst it will destroy the good the bad and the evil Well the evil may be out of office by then but the good and the bad will be consumed by the inferno. So we are screed either way…shhhhheeesshhh

@95 From the article:

How bad do you see it getting?

There’s a money manager, Jeremy Grantham, he’s head of GMO in Boston, I met him about 10 years ago. He had his team of research analysts search out all the bubbles they could find, historic bubbles, and every single one of them corrected all the way back to the trend line that was in place prior to the bubble. So the housing bubbles in Canada, the U.S., Ireland, Portugal, Spain, Australia started in about 1999 or 2000. To get back we’d have to have a 50-per-cent drop in prices.

If we go back to 2000 levels in Vancouver that will be more like a 60% correction not 50%. Of course Vancouver could be the first bubble ever to not correct back to the trend line.

I know many people from China tgat have come to Vancouver. They are buying several homes and plan to sit on them. Leaving money in accounts is just to risky for them. This dirty money us here to stay. Blame the government for this.