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Great Canadian real estate crash of 2013
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Blitz the storm-striker:MV8yMTA4MjUwXzM1NTM3MDMwXzNFNEM4QkZB] [quote:AxE:MV8yMTA4MjUwXzM1NTM2NDc2X0NGNjI0NzI=] Booya, and for all the tards that laughed as the American people suffered when they got hit... Well, it'S our turn! [/quote] here is a post i copied a month ago here on glp. " anada - The "Unseen Crisis" will trigger collapse... The Schedule of the "UNSEEN" Crisis. 4 September 2012 - Separatist PQ win the PQ election and form a Government (Now Near Certainty). Talk abounds of new referendum about staying in Canada. Massive capital flight occurs form Quebec. 6th September 2012 - Quebec stocks fall causing growing concern over Quebec companies including property companies. Massive flight to sell Quebec real estate begins. Banks seize up loaning to buyers in grossly over-inflated real estate across Canada. Massive "offers" made by overleveraged property companies to shift unfilled over-priced condos drives prices down super-fast. Condo-occupiers take the hint and dump their condos are on the market adding to melt down First big collapses take place amongst property redevelopers in Quebec begins to spread across Canada. "The party's over" spirit begins to spread across Canada. Stock Indexes begins to fall sharply in Toronto. Problems begin to spread across Canada as all real estate financing grinds to a halt in fear. Hyper-fast collapse in grossly overleveraged Canadian real estate market Bad figures come out for big Canadian companies. People talk about housing crisis and end of the recovery. anic from Canada and slumping INdexes in the "one stable country" begins to spread to US markets Stock indexes slumps turn into panic. Obama spouts off stuff about "more stimulus" Disaster on US Bond Market Dollar collapse. TOTAL MARKET MELTDOWN. " the dates are off but still the rest seem accurate. Pauline Marois is indead going for spliting qc from canada. [/quote]
Original Message
Source: [
link to www2.macleans.ca
]
The housing bubble has burst, and few will emerge unscathed
Canucks thought they were safe... Think again, here we go.
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