Nicole Foss : Canada's real estate to collapse by 90 percent

Max talks to Nicole Foss about the unbusted real estate bubble in Canada. some canadians still live in denial




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[TOC359]

Well Nicole, our very own Garth Turner says you're dead wrong. So between you and him, lets say a 45% correction. That sounds fair, don't you think so??

[povertyincanada]

@TOC359 bottom line stay away from any credit live within your means , buy a house only when you have the whole price in your hand , otherwise you are a slave to the blood sucking banks ....do not give them one penny of your hard earned dollars , boycott the banks

[funnytoni]

LET IT CRASH! Homes are for living, not investing!!

[3ofusalone]

we are LOOKING FOR CANADIANS THAT WANT TO FARM ONE HUNDRED ACRES

GOOD PASTURE BEEF FARM WE HAVE TEN THOUSAND

the farm is 100 acres good barn five bedroom house

if you want to farm organic food and some organic beef and make some money

then get ahold of us the food bank from moncton NB is even going to hook up with us

[AVEYoungCeasar]

Then we install a group of laws known as the Free Peoples Charter that states that under NO circumstances will the dealings of a countries money fall in the hands of private institutions, that no Freedom or Right will be infringed upon by the government or privatized institution, that transparency in the government of all its assets will be made viewable to the public (including the budget of Canada and the salaries of all political servants) and re-publish the Bill of Rights with NO scruples.

[AVEYoungCeasar]

pave the way to a debt free Canada. ANY debt the government would incur would be taken directly from the coffers of the people of Canada and paid back to ALL of us in kind with interest INTSTEAD of the banks. This will lead to inflation, but no matter what we do, it's going to happen anyway so we might as well put in place the "First Aid" measures needed to make sure we dont red line like the US and the EU.

[AVEYoungCeasar]

Get rid of the corporate privatized banks and the Bank Act. Take a loan from the Bank of Canada at very little interest to pay off our existing loans to the private banks. The interest goes back into the hands of Canadians who in turn pay taxes. Imagine getting a check in the mail from the government saying "we fucked up, were sorry, here's what we owe you this month". The people would be in power of their currency again as it should be. This would lead to faster recuperation and

[AVEYoungCeasar]

@funnytoni Amen.

[6503mike]

90%??? I'm a bear, but more like 30-40% across Canada and possibly more in places like Vancouver.

Also, Oil Sands (not "Tar" Sands) are not as bad as she is insinuating. Even if we did use more energy, obviously the natural gas used to extract the bitumen is far less VALUABLE than the bitumen. The market will figure this out, like real estate, as it always does.

[urbansasquatch72]

This chick is laughable, I would suggest a 50% correction tops! hahaha what a clown!

[aegisgfx]

@rodbotic

ya I think van and Toronto are headed for some kind of disaster for sure, but that does not mean it definitely will be the same or to the same degree in the rest of Canada. Even in the U.S. the majority of the gains and losses were in the major centers, LA, Detroit, New York. But for anyone to go on TV and say "90% drop", thats just fear mongering. 50% in the major centers? Maybe. But 90% ? Ridiculous.

[rodbotic]

@aegisgfx I think thats a max. vancovuer housing prices is soo bloated right now. a teardown house in my neighbourhood @ $1.5m