What the Experts are Saying About the Canadian Economic Future

By Charles Bristoll

Category:

News & Politics

Tags:

• Canadian
• Mortgage
• Market
• and
• the
• Economy

[montyloree]

hmmm... Canadians are leveraged the same as the U.S. We like our consumer products, and have driven up credit card debt as well.

We're not immune to the credit crisis.

[macadily]

Our banks may be in better shape than our American counterparts but they are going to tighten credit. The U.S. is in a deep recession and the economy is getting worse every day. Consumers are no longer consuming. Canadians are just beginning to feel its effects and we too are going to see more layoffs. This will not hold well for the real estate market. Large cities are seeing declines of 10% or more compared to last year. This year will be even worse.

[teebrron]

real estate agents just want to sell homes, and dont care about any hardships families go through dwn the road from the purchase,

this is NOT the time to buy, save ur money n wait, the price of homes around toronto are so incredibly over inflated they have to go dwn.

[qlcmusic]

Owning real estates is different than borrowing more than one can afford. If one can afford to buy a place then you have nothing to worry about. I think it is a bad time to mortgage a home and a grim future simply becasue the govenment is spending more and the intrest rates will go up. I'm not saying people cannot borrow, but they should not borrow more than they can pay back within a few years.

[Jacobrester]

I think we are in denial...the USA has gone through most of its bubble burst......Canada is just getting ready.....and the bubble has grown

[realkingkado]

@Jacobrester No one bows to the queen in UK except a few die hard fans but im just say Sir Evelyn de Rothschild and co control US monetary system so stop being stereotypical and go munch a burger!

[Jacobrester]

@realkingkado Not all fed reserve buildings pring money. The brits have no control over usa money supply, maybe in the form of an International corporation I am well aware of the long arm of the british empire and very aware of how the usa has fallen in line with them. But honestly, I think the UK is almost dead. They have little influence on anyone anymore. You should stop bowing to the queen.

[realkingkado]

@Jacobrester Dont want to hurt your feelings but the FED is a private institute run from London, the redcoats lost to the revolution so they got control of your money.

[Jacobrester]

@crackalackin1982 The USA belongs to the USA.....they kicked the royalty out a long time ago

[dave777blaster]

yes more moose free meat

what do they have in Monaco? Roach