Bank of Canada To Hike Interest Rates

Prepare for suffering.

The chinese are going to swoop in and buy all the homes that end up underwater.

cbc.ca/beta/news/business/interest-rates-bank-of-canada-1.4183855

>/pol predicted this.
>leafs denied it would happen
>check the archives

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archive.is/h2Eya
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Fixed the unrachived clickbaiters
archive.is/h2Eya

You're one of god's prototypes.

>Diversity is strength

Importing so many immigrants is causing a spike in demand for goods and services paid for by the taxpayer causing inflation. Got to tighten that money supply! Now Shlomo can juice the goyim for even more jew gold to hang around his filthy jew neck.

This is no place for antisemitism.

do you know where you are

>keep interest bellow 1% for 7 fucking years
>I'm sure this won't cause major problems in our economy.jpg

kept 'em low so we could raise 'em face.jpg

>inB4

Tfw you´ve got the second housing crisis in 10 years

>1188

this never happpens to me. how come it is always a fucking shitty rcmp racebaiter who gets 'em,

But thats a good thing

It will be like 0.25% raise probably but if a few of those happen some people could get hurt by it.

I'm amazed at how many expensive new houses are going up everywhere starting at 350k for the lowest end and "normal" ones around 400-500k. People getting 30 year mortgages with hardly anything down.

To be honest they deserve to get fucked. The problem is, the gov will just bail them out so theres no consequences for their idiotic decisions.

Nah dude. The government is going to bail out the lenders not the customers. The people buying these shitty overpriced houses are going to get fucked.

in March if you thought you were gonna get 900k for that home you're averaging around 770k right now if you're lucky. Alot of people are going to be hurtin.

Also if anyone gets bailed out it will be lenders, don't listen to macleans.

So Canada is just copying the US 10 years ago?
Sounds right.

So when does Trudeau empty out my savings?
Should have just kept my money in a mattress

>So
>Sounds right.

Any post that starts with 'so' and ends in 'sounds right' should be disregarded with extreme prejudice.

high-estrogen posters are the worst.

If our dollar rises we are fucked.

Not as fucked as you'll be when your housing bubble bursts.

I use good bait. The truth.

>her dick

In ontario have to put 20% down also mortgages cap at 20 years now. They are setting up to crash the market and bankrupt anyone who purchased a house in the last 5 years.

There are people out in the country trying to sell shitty homes for over $700,000.

You would have to tear down some of these places completely, but they continue to jack the prices up.

>They are setting up to crash the market and bankrupt anyone who purchased a house in the last 5 years

If you bought a house in the past 5 years given the very open state of the market, you deserve what you get

Because the cost of debt is increasing, fewer people will be able to afford a mortgage, and banks will tighten their conditions. This by itself will cause the real estate prices to stall, and very likely to decrease. After all, unless the foreign buyers are filling the gap, there will be fewer buyers in the market for the available properties.

It's holiday here, you won't get traction.

Thanks for the advice, xir

>silver lining

There will be lots of homes the government will buy to house the newcomers.

Anytime fakebrit
Remember to post tomorrow while your neighbors celebrate freedom.

Ontario Debt Update:

In 2017-18, Ontario's debt is growing by $317.26 every second and will reach $311.9 Billion by March 31 2018.

Your share of Ontario's debt is $21,649.03 and growing.

At least he still has the freedom to post that shitty meme.

The US FED is scheduled for another 4 hikes, at least, over the next few years. Canadians with million dollar mortgages are fucked

>tfw when i have my down payment ready for a market crash

I suppose once you can convince yourself of the reality of the female penis, it's easy to believe your crackshack is going up in value $500 per day.

But the delusional state required to believe these things is costly and some leafs are about be able to assign a number to that cost.

It's going to be comfy as fuck to watch retards around me wash out spectacularly.

The should pass a law limiting the chinese to 2 houses a piece. But that would be like saying 'no' to china, something your government apparently can't do.

Any canuck who hasn't put all his savings into bitcoin deserves to be poor.

>mfw each leaf buck is worth 0.40usd and btc hits 5k

I bought bitcoin when it was a $.06.

And you still have them or sold when they hit like 200?

Canada anons. Is there any legitimacy to this or is it just Sup Forums hoping Trudeau will get some bad press?

Friendly reminder:

Speaking out against the rape and looting of your country is against the law.

Fucking finally, I've been sitting on a downpayment while everyone I know has been buying in. Now they are going to get fucked because they stretched themselves too thin while I get a reasonable price.

If only there was some type of engine that could search for these things and help you confirm them. Perhaps a web of information displayed on screens might have the answer you seek, if such a thing could ever exist.

Just yesterday saw a headline on I think Globe and Mail paper about a "mini boom" for the economy.

They told you that to get you ready for this. you were being prepped.

It's all a part of the game.

can you post more of these from different nationalities? They always crack me up

We tried this in America once and it caused the massive housing collapse in the early 2000's. So good luck leaf. Hopefully you make good money so you can go around buying up foreclosure's and renting them out

The whites of Canada will be better off under Chinese rule than they are under (((Globalist))) rule at present.

problem is there will be a thousand results saying Canada is doing great. And a thousand saying Canada will be third world in 5 years.

Economists are more wrong than meterologists

...

Canada have immigration laws?

>Canada have immigration laws?
They are extremely strict actually from my experience. Only Chinese people and middle eastern "refugees" seem to be able to enter whenever they want

Did the green party end up getting that huge foreign investment tax in yet?

They better do it soon.

The green party were going to tax all chinese homebuyers 30% if I remember correctly

That's the good thing about numbers, they don't lie. Hence all the AIs end up racist.

>inb4 you argue that 4+4 can be added in such a way to not get 8.

They are strict if you aren't willing to work for less than minimum wage or cheaper than a Canadian citizen in general.

fucking god tier poster, this guy

It's literally impossible to immigrate here if you are white.

We have Gender Based Analysis + an NGO funded by George Soros who decides who comes in based on combating privilege and other SJW nonsense.

This country is fucked.

The good news here is that the working class is more racist and militant than in any european country. I think that's why we haven't had a terrorist attack here. They hit countries like france and germany because they know there won't be retaliation.

I only have the two Canadian ones. I didn't see the other one before I posted mine haha. Just woke up, still half asleep.

>unless the foreign buyers are filling the gap
I buy three and my brother buy three. Very auspicious digits btw

pic related covers it all. What has happened and what is happening in canada

The Bogs aren't even hiding it anymore.

Luckily I am equally loyal to both...

I can get a british ancestry visa and come to the UK once I've milked all that I can from this country.

I literally care nothing for Canada I would only go to war for the English bloodline.

I drew this propaganda poster rough draft (not completed) for my political party, what do you guys think?

I know that some Hispanics are immigrating to Canada to work on civil constructions.

Running for school president?

>I can get a british ancestry visa and come to the UK once I've milked all that I can from this country.

What you save on heating and overpiced food would cover the cost of the move in a year.

No joke lad.

...

Sup Forums:

Due to the distinct differences culturally, politically, and economically between western and eastern Canada, myself and a group of other Western Canadians are starting a libertarian movement called the Western Alliance, which proposes that British Columbia, Alberta, Saskatchewan, Northwest Territories and the Yukon secede and become one single independent nation, in charge of our own destiny.

If any of you are interested in supporting our movement, check out the official Western Alliance Twitter account: @WAMovement . If you're interested in joining, dm the Twitter account.

...

Aye but right now my only skill is that I'm an electrician and electrician in Canada is a great job that makes bank but in England it pays shit because of romanians and other non-anglos.

I'm going to go to university here and get a psych degree, supposed to be one of the fastest growing jobs in UK and in Canada they will let me do my undergraduate in 2 years since I'm already a journeyman Electrician.

That's my plan anyway.

@WAMovement

This. When terror is attacks happen the news hides it, if the public finds out there's always massive outcry.

"We cannot forsake our ancestors - we deserve independence. For the WESTERN ALLIANCE."

Ukrainian language poster for large Ukrainian community in western canada.

Join today!

@WAMovement

Join today! Twitter:

@WAMovement

Can I be an MP?

If you're interested in joining, dm our Twitter page, @WAMovement

Western Alliance looks like a poorly done honeypot to harvest info on dissenters

Who is your Mr Big and what must I do to meet him?

Rates go up, rates go down.

>libertarian honeypot

Yes because being pro small govt is definitely against the law, right? Plus, secessionist movements are 100% legal in Canada.

Nice try trying to discourage people from joining a genuine movement vying for feasible change though.

>I'm going to go to university here and get a psych degree, supposed to be one of the fastest growing jobs in UK

Imagine going for psychiatric help and getting a man from the land of the female penis where dogs get blown and bacha bazi happens in gay bars.

You should learn to do our accent and talk like a normal human before you come here.

>doc I want to kill myself
OH SORRY!
>doc I really need help
SORRY!
>what am I going to do
OH SORRY EH!

A guy at work bought a home in Phoenix. He rents it out and it's value has gone way up. The same opportunity is coming here. This time I intend to get in.

>Go in with one mental problem
>Leave with multiple

What a deal.

The first one isn't even over yet.

I knew it was gonna happen...

its alright, what political party are you with?

See

>After all, unless the foreign buyers are filling the gap
Ding ding ding! We have a winner!

Canadians don't buy canadian homes. Chink millionaires do.

Except they'll probably try to re-inflate the bubble by importing 50 million "refugees" and printing money for them to buy houses.

My cousins recently brought a house in Quebec along with their friends, how fucked are they

The government should pass a law hiking foreign property tax up 65%. But they won't.

I live in Ontario so I don't know how Quebec is going.

They're certainly doing way better than this garbage fucking province though.

I swear to god, if wynne is elected again, I'm fucking done with this country.

Ironic.

Anti-jew post, with pro-jewish anti-christianity elements.

"Christianity is jewish communism" is as retarded as "muh socialism is socialism, Hitler was a communist"

Good news, the Montreal area bubble is just getting started. They'll probably do alright, if that is where they want to live.

Canada is a bunch of good, outdoorsy people controlled by leftist retards.

>the call that saved canadian housing prices

fuck who got

it's the same thing in the US. all the downtown/near downtown predominately white areas are being bought out by chinks forcing whites to gentrify nigger/spic neighborhoods as the housing is cheaper there.

in most places the property values still haven't rebounded to the peak 2008 pre-crash values, but in the areas where chinks are pouring money into they already exceed those prices.