Why analysts see no quick end to the Toronto, Vancouver housing booms

http://www.theglobeandmail.com/report-on-business/top-business-stories/why-analysts-see-no-quick-end-to-the-toronto-vancouver-housing-booms/article27661566/

The conference board is slinging their bullcrap again…

https://www.biv.com/article/2015/12/bc-lead-growth-canada-over-next-two-years-conferen/

@5

(BC economic growth == Σ $$$$ laundered) true

I am still shocked and can’t comprehend that we just let bullies and goons to eliminate voting on this forum in order to have their shit exposed.

What is the next then? When people start peacefully protesting housing, schooling, social and immigration issues we should expect triads and gangs to take care of it to establish order?

@left already: I don’t want to burst your bubble, but if you believe RE has done great lately, you’re wrong. Even the van west detached has been beat by an index fund over the last 12 months. An INDEX fund! No magical wizardry, no voodoo finance, just a normal, 0.05% Expense ratio index fund.

I think the same goes for Norway, Finland and Switzerland. If you can’t find investments that beat house price increases, check abroad. It probably means the economy is messed up in your backyard anyway.

And btw, I was talking about a US index fund (all-stock, non-hedged), obviously. VUN.to, for example, has shot up 26% YoY including dividend.

If the powers that be insist on destroying our savings, then I guess those 5 mouse clicks are worth the effort to switch my investments in another country.

Austin, aren’t they also gun crazy?! You can buy and own a whole lot of guns that you can’t even get your hands on here. Good thing people like BPOM/Yunak/Vangrl & rest of gang don’t live there or else there would be a lot of shootouts.

@southseacompany – haven’t that kind of warning been issues like forever??

@elvince – cherrypicking much? Yes, you can always find something that beats something else. The question is, how many people bought that much US index fund at the start of the year? How many people at start of the year though Cdn$ would tank by 30%? I doubt a lot of posters on this forum predicted any of that.

@Yunak – that’s really funny, especially coming from a piece of shit itself….I guess it’s true, turds like you just can’t stand basic human hygenic standards.

@14

They could be gun crazy but luckily they aren’t car crazy.

http://www.slate.com/articles/news_and_politics/foreigners/2015/09/why_drivers_in_china_intentionally_kill_the_pedestrians_they_hit_china_s.html

@17

Speaking of basic human hygienic standards… they will certainly start changing in the cities like Vancouver, Sydney, etc. to get more in line with upcoming majority and prevailing culture.

“Most Chinese believe that expelling bodily gases and fluids is essential for good health and, related, that a failure to clear the throat of sputum can result in respiratory illness. For this reason, it will not be unusual for you to witness many instances of public spitting and urination, the blowing of the nose without the use of tissue paper (expelling mucous by pressing against one of the nostrils and blowing hard through the one open nostril), as well as coughing and sneezing without covering one’s mouth and face.”

http://middlekingdomlife.com/guide/personal-public-hygiene-china.htm

remember the hedge funds that were “shorting” canada real estate? i wonder how they’re doing now.

anyone declaring capital gains for 2015?

@elvince
for most people stock market is synonymous of a casino whereas a home is a home, perception is what it is.
While the stock market might have gone up 30%, those gains can diminish / disappear within a month, this can be true for RE as well but history is full of stock market horror stories rather than RE busts.
I am not giving financial advice, just pointing out the fact that negative rates will boost RE as they have done in countries that have neg rates already.
Talk to anyone who bought a house in Vancouver around 2000 and feel free to compare the returns, after tax if possible.

bull market in stocks is clearly over. where will the money go next?

commodities? currency? real estate?

@space889: Taking an INDEX fund as an example is the exact opposite of cherry picking.

If you don’t know what an index fund is, then you have nothingto add to this conversation. Or any conversation related to money, really.