Bank Rate

[bucket]

Guys chuck and dml and the other socialists said Canada is the fastest growing G7 nation. Stop being such downers. 1% GDP is great and unicorns and fairies will carry you to Justins utopia.

And even though Canada created ZERO jobs in the past 3 months, 200,000 new immigrants were permitted into the country in the same time period. On tract for a million this year. Wonder what they are all going to be doing?

living somewhere with the rest of us paying for it......

[samhill]

IDK, but drove around Winnipeg today, the amount of new houses, new condos, new apartment buildings is staggering. And the houses are not nice bungalows, more like small mansions. Housing out to the perimeter on east side, south side, and getting there
on west side.

[sumdumguy]

Not much building going on in Regina.

[Taiga]

They are still building like crazy in Calgary, but everything is empty and nothing is selling. My friend said something about the city subsidizing the building permits or something to keep things rolling, but is a bubble ready to pop. Reminded me of the ghost buildings Jazz posted about in China.

[jazz]

Well canadas biggest industry is FIRE. Finance (loans not investments), Insurance, Real Estate

Recirculating money and new debt bundled with a housing bubble counts for most of our GDP. Scary.

[sumdumguy]

A million immigrants on their way?