If Canadian home prices fall 30% they would be back at the 2019 crisis levels the Liberals promised to solve.
Dropping another 30% on top of that puts it at the 2015-crisis levels the Liberals said they would solve.
Another 30% lower is where the BoC called it a bubble.
Dropping another 30% on top of that puts it at the 2015-crisis levels the Liberals said they would solve.
Another 30% lower is where the BoC called it a bubble.
Bonus fact:
If Canadian home prices drop 30%, then another 30%, then another 30%, then 10% ...
... home prices would be where the Bank of Canada said Asian investors have made Vancouver unaffordable.
I shit you not, this is how effective politicians are.
If Canadian home prices drop 30%, then another 30%, then another 30%, then 10% ...
... home prices would be where the Bank of Canada said Asian investors have made Vancouver unaffordable.
I shit you not, this is how effective politicians are.
Yes, the Bank of Canada actually expressed this concern in 2011.
Apparently no one remembers that the central bank used to present concerns. Now that they've been politicized, they're the ones dismissing it.
Apparently no one remembers that the central bank used to present concerns. Now that they've been politicized, they're the ones dismissing it.
https://twitter.com/StephenPunwasi/status/1376542067309096969?s=20
Sometimes I feel like I'm in a parallel universe. I know what Canadian officials said. Repeating it seems to produce a surreal response, where they basically say they were lying.
Maybe one day we'll figure out why.
Maybe one day we'll figure out why.
https://twitter.com/StephenPunwasi/status/1362462132470603776?s=20
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