Ain’t gonna happen.

.IMHO China has been weaponized to take down the worlds economy. I don’t believe any BS about China doing anything that would slow down what is a corrupt and amoral society infecting other nations with the same zeitgeist.

Why would they stop now when they are closing in on victory?

Maybe watch 1997 movie ” Starship Troopers” to see an analogy of foreign locusts.

The most interesting plotline and a smoking gun in Canada’s bursting bubble was failing subprime lender Home Capital Group (HCG). Marc Cahodes, referred to as a “free-range short seller” and “the scourge of Wall Street,” spotted criminality and shorted HCG for a handsome profit.161 HCG was so bad it was vilified by its auditor, KPMG.162 Imagine that. HCG dropped 60 percent in one day when news hit of an emergency $2 billion credit line at 22.5 percent interest by the Healthcare of Ontario Pension Plan.163 (The CEO of the pension plan sits on Home Capital’s board and is also a shareholder.) Cahodes was printing money and ranting about jail sentences when, without warning, the legendary stockjobber Warren Buffett took a highly visible 20 percent stake in HCG at “mob rates” (38 percent discount).164 The short squeeze was vicious, and Cahodes… Read more »

Excerpt:

We’ll take a crack at the housing market in its own section and simply note here that the cost of renting or buying normalized to income has never been higher. Approximately half of tenants spend more than 30 percent of their income on rent, doubling from a decade ago.39 A survey of 20 cities showed that housing costs are growing at a 6 percent annualized pace. Our paychecks are not. Housing is a bubblette and likely to offer fire-sale bargains again. What many fail to grasp is that the reduced cost of borrowing owing to low rates is offset by higher prices. When interest rates were 15 percent, houses were cheap.

and then will Aecon have to start hiring chineeze workers because there are not enough “qualified” Canadian workers.

The elevated home-ownership rate among ethnic Chinese immigrants in the expensive cities of Vancouver and Toronto is “striking,” Hiebert said. “The rate of home ownership among individuals declaring Chinese origins is exceptionally high for newcomers: Over seven in 10 of those who arrived in Canada between 2006 and 2011 reside in households that own a home,” he said. The discovery that most new Chinese immigrants can afford to buy housing within a few years of arriving in Canada — at a rate higher than the overall Vancouver average of 69 per cent — supports numerous reports that have indicated new immigrants from East Asia are making their purchases with large amounts of capital earned in their homelands. Recent Chinese immigrants to Toronto and Vancouver have a home-ownership rate of nearly 73 per cent “and a propensity to dedicate a very… Read more »

The peer-reviewed study by Hiebert, who frequently advises the federal government, enhances earlier research by UBC geographer David Ley, as well as the Conference Board of Canada, that has shown a strong correlation between rapid immigration and pricey housing in Metro Vancouver and Toronto.

Hiebert’s analysis of decades of Statistics Canada data confirmed two contrasting narratives about immigrants and housing — that well-off immigrants are increasing housing prices in Canada’s major cities, at the same time lower-income immigrants are struggling to pay for shelter.