DeanWinchester 41,390 Posted April 17, 2017 Share Posted April 17, 2017 Just now, Nafen said: And we are getting a LRT/subway Congratulations! Flyin' like a 1000 Doves Link to post Share on other sites More sharing options...
Economy 52,839 Posted April 17, 2017 Author Share Posted April 17, 2017 2 minutes ago, Nafen said: Sure! Party in those cities but Ottawa's quality of living is unmatched. "The city is the most educated in Canada, and is home to a number of post-secondary, research, and cultural institutions, including the National Arts Centre and the National Gallery. Ottawa also has the highest standard of living in the nation and low unemployment. It ranked second out of 150 worldwide in the 'Numbeo' quality of life index 2014–2015" - Wikipedia And we are getting a LRT/subway Toronto is #1 most multicultural in the world and our subway is being expanded Ottawa can take that good points tho. I been there. Ottawa is nice! Nicer than Brampton Link to post Share on other sites More sharing options...
StarstruckIllusion 53,563 Posted April 17, 2017 Share Posted April 17, 2017 51 minutes ago, Economy said: I live in a city in the suburbs (Brampton) but a house near me sold for $875,000 or $155,000 over asking price... Just a couple of Kilometers to the north and the the Greater Toronto Area ends and turns to farm land. Im in the outermost outskirts of the suburbs. Homes should be cheap here Ooh same bew but also… is this whole thing bad? it sounds really bad. Link to post Share on other sites More sharing options...
shoful 13,304 Posted April 17, 2017 Share Posted April 17, 2017 They need to do something now. If their economy crashes cause of this it'll send shockwaves troughout the world. "My name is Dita, I'll be your Mistress tonight..." Link to post Share on other sites More sharing options...
Economy 52,839 Posted April 17, 2017 Author Share Posted April 17, 2017 1 minute ago, ChaosAngelX69 said: Ooh same bew but also… is this whole thing bad? it sounds really bad. Woooooo Bramladesh here we go @VANTABLACK is also from Brampton Link to post Share on other sites More sharing options...
StarstruckIllusion 53,563 Posted April 17, 2017 Share Posted April 17, 2017 Just now, Economy said: Woooooo Bramladesh here we go lol what Link to post Share on other sites More sharing options...
Cameltoe Chariot 15,310 Posted April 17, 2017 Share Posted April 17, 2017 48 minutes ago, Interstellar said: In 2009, my family bought a brand new house in rural Saskatchewan for $85,000 Now, I'm studying in Vancouver and know for a fact I would never purchase a house in a major city. Off topic, but literally the first person I've seen on here in 5 years from Vancouver besides myself Link to post Share on other sites More sharing options...
Irrelevant 20,293 Posted April 17, 2017 Share Posted April 17, 2017 43 minutes ago, LePetitMonstr said: Oh sis. If either China or the U.S.A fail, the WHOLE world fails I find that China is failing really well rn Link to post Share on other sites More sharing options...
Nafen 417 Posted April 17, 2017 Share Posted April 17, 2017 23 minutes ago, Economy said: Toronto is #1 most multicultural in the world and our subway is being expanded Ottawa can take that good points tho. I been there. Ottawa is nice! Nicer than Brampton We are getting baby subway. 3 stops are underground... the rest is grade-separated above ground It is really an LRT. But the city did plan it really well in my opinion. It is being opened in phases but it will hit all major centers or close within range by 2022. The buses in Ottawa were already pretty solid so you can always bus from an LRT station which will act like hubs to a more specific location. There is suppose to be cool celebrations here this summer for Canada's 150th birthday since confederation. One of them being phase 1 of this line supposed to be opening... They named it the damn 'Confederation Line'... But what they really need to have is Gaga headline some Canada Day fest. She was here a couples of years ago for Bluesfest but we need her again. The newspapers and GP were slayed. She can meet Mr. Trudeau (not in denim overalls please) and hell let's invite Her Majesty The Queen! Link to post Share on other sites More sharing options...
homomo 23,883 Posted April 17, 2017 Share Posted April 17, 2017 8 minutes ago, CameltoeKween said: Off topic, but literally the first person I've seen on here in 5 years from Vancouver besides myself Love this city; hate its prices 0110100001100101011011000110110001101111 Link to post Share on other sites More sharing options...
DeanWinchester 41,390 Posted April 17, 2017 Share Posted April 17, 2017 11 minutes ago, shoful said: They need to do something now. If their economy crashes cause of this it'll send shockwaves troughout the world. I still think this is a different scenario. The US collapse wasn't just housing trouble--banks also sold funds and stocks based on mortgages and people kept applying for loans to get more and more property, which the banks gave easily until nobody could pay anymore. The buyers in Canada (and from overseas/offshore buyers) can pay. Loans aren't problems. There are offshore buyers that can pay the whole amount in cash upfront, and they compete with each other, driving the prices sky high all while squeezing out locals that rely on the usual downpayment+mortgage. Locals can't keep up with the rising listing prices driven by the rich--the exact opposite of the US where locals bit off more than they can chew. Flyin' like a 1000 Doves Link to post Share on other sites More sharing options...
Letmelivemylife 8,715 Posted April 18, 2017 Share Posted April 18, 2017 1 hour ago, Teal Ambition said: Toronto is absolutely insane... I have family that live in Mississauga and built a custom house and their land was 500,000$, but they could probably easily sell their house for over 3$ million +. Meanwhile, my parents bought their land here in Ottawa for a custom house for 125,000$ The difference is crazy That's it I'm moving to Canada hahaha. LA is so freakin expensive I love you monsters. I'd be unfixably broken without you Link to post Share on other sites More sharing options...
Smarticle 3,178 Posted April 18, 2017 Share Posted April 18, 2017 Can they fix the real estate situation in Vancouver too Justice for Grigio Girls!!! Link to post Share on other sites More sharing options...
Economy 52,839 Posted April 18, 2017 Author Share Posted April 18, 2017 31 minutes ago, DeanWinchester said: I still think this is a different scenario. The US collapse wasn't just housing trouble--banks also sold funds and stocks based on mortgages and people kept applying for loans to get more and more property, which the banks gave easily until nobody could pay anymore. The buyers in Canada (and from overseas/offshore buyers) can pay. Loans aren't problems. There are offshore buyers that can pay the whole amount in cash upfront, and they compete with each other, driving the prices sky high all while squeezing out locals that rely on the usual downpayment+mortgage. Locals can't keep up with the rising listing prices driven by the rich--the exact opposite of the US where locals bit off more than they can chew. But many locals still buy property and should it fall, many will he in underwater mortgages I agree in terms of loan customer quality, we have more qualified borrowers than the US did. Also we cant just walk away from mortgages luke they did in US which intensified the crash Also interest rates now are likely to rise more slowly than they did in 2005-2007 In terms of prices tho weve surpassed the US Housing bubble by quite a bit. Our consumer debt is also at 167% vs a peak of 134% in US It will be interesting to see how this goes Given we havent had as much over construction as the US tho, fewer construction jobs would be lost should the market crash! Link to post Share on other sites More sharing options...
Economy 52,839 Posted April 18, 2017 Author Share Posted April 18, 2017 54 minutes ago, shoful said: They need to do something now. If their economy crashes cause of this it'll send shockwaves troughout the world. Canada is a $2 Trillion economy and 10th largest economy in world... way smaller than the $15 Trillion the US was when it had its crash If Canada were to go into a financial meltdown (worst case scenario), the global impact would be much smaller Link to post Share on other sites More sharing options...
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