Canada's bank bailout bigger than U.S.!

i can tell u for a certainty there is a massive housing bubble in bc...lets take coquitlam...a vancouver suburb for instance....bought my first house there in 2002 for 250k....it is now worth 900k....its a joke...the numbers mean nothing since if i sell it i have to buy somethihng again....this place is gonna go down hard,and soon...not to mention they wiped out the underground bc bud business...which conservatively pumped billions into bc's economy/....im moving to northern alberta to hit the oil sands before it goes down....

The consequences this time in Canada are unknown, since we’ve never had a housing bubble based on emergency interest rates, cash-back mortgages, variable-rate loans and government lender insurance. Add to that a rapid and building oversupply of housing stock, economic lethargy and a Boomer tsunami, and little F is right to freak out. Very few people are ready for what comes next.

[link to www.greaterfool.ca]

yeah, but they are drilling themselves out of their hole and running away from socialism.

Time to start stockpiling the poutine, ya hosers!!!

same banks same money no difference,same banksters, these are international banksters, its like taking money from the back pocket and putting into the front pocket.

Sorry man. Way off base.

[link to www.nytimes.com]

I read and wrote about his back in 2010. The Canadian banks at the time where very quiet about the issue and as Í commented back then, if everyone else was making money lending in a hot market and environment the Canadian banks had to have been doing it also.

it isnt stupid.its all part of the plan.sabotage.once the smoke clears,they will try to establish a new world order.

3400 per person. They have raised fuel prices from 80 cents a liter to a 1.35 a liter. The tax revenue from the fuel increase probably paid for the bailout. they will continue to increase the tax on fuel to pay for entitlements.

they were all loans to the banks.. paid with interest. So infact the Canadian government is guaranteed to get all the money back + the interest.

And where does the interest come from? Do they have a interest-making machine chugging in the basement somewhere? Or maybe it's also the Canadians who pay for this little help to the financial institutions? Because I'm sure the banks also will gladly pay my interest on whatever emergency loan I will desperately need. I'll go ask tomorrow morning, first thing.

Everything will get better. Haarper is diminishing the Environmental protection service and is opening thousands of mining projects that were on hold because of environmentalists

they were all loans to the banks.. paid with interest. So infact the Canadian government is guaranteed to get all the money back + the interest.

This is true, Canadian gov. makes money on this deal, and banks didn't want to use all of 114 billion, because its a cash loan with INTEREST....

we pay interest with mortgages and car loans to the banks and they pay to the gov., little less then us....

The mind boggles at the amount of ponziness.

A lot of Butthurt Canadians in this thread

damn.

im glad i live in Alberta at least. some other provinces are not going to make it out of this so well.

I hope so. There needs to be a price correction.

It don't think the hot areas, Toronto and Vancouver, will ever be hit. It's crazy how expensive a basic home is ($800,000) I'm not kidding. You could buy four the same size in the States.

Too many rich people in China. I don't think it will be hit.

What about the two hot markets, Vancouver and Toronto? Do you think prices will come down for houses?

UPDATE:
“These funding measures were put in place to ensure that credit was available to lend to businesses and consumers to help the economy through the recession. These funding measures were not put in place because banks were in financial difficulty.”
[link to www.huffingtonpost.ca]

You have got to be kidding me! This is the banker's response to the report:
We did not need a bailout, we just had to put this debt on your tab in order to lend the money back to you!
WOW, just WOW!

in Toronto the condo market is on fire they're still building new condos. Too much money there fueling the boom. To foreigners the Canadian real estate market is seen as a good investment market. In the greater delta area of BC the immigrants (Hong Kong primarily) are driving the market higher and higher so much so regular Canadians can't afford it. Can't forget Calgary, real estate is rising higher and higher too. The bubble will burst it's only a matter of time; not likely to happen any time soon though.

Funny how Harper's government is able to keep much of what they do hidden from the public. At least in the States all "moves" seem to be transparent.

It really doesn't matter folks as a global community we are all fucked. Shit like this only prolongs the agony

Thanks for the bad karma fucktard.

You're an idiot! There are 300 million in the US and 30 million in Canada. Moran!

It's per capita!!!!!!!!!!!!

who cares,CANADA OWES $582,368,631,898. and thats $17000+ per individual canuck.


AMERICA OWES $15,690.000,000,000+ and thats
$50,000+ per individual yankie.


and these fucks get on our cases to pay our bills on time and to manage and keep our shit together.We as citizens are not allowed to screw up but these countries and big banks can fuk up and they get rewarded for it..

^That

Anyone seen my tuke? eh?

the puerto rico of the north needs being dealt with


expect black helicopters monitoring the situation

It's touque.

And yes my home territory has been completely overrun by too many wannabee fuken trustafarian Americans posing as real Canadiens.