- Joined
- Dec 16, 2008
- Messages
- 1,005
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China is in an even larger housing bubble than Canada (including Vancouver and Toronto). There are entire vacant cities, because the demand is so low. It will only be a matter of time before the market collapses. And then there will be no more more Chinese demand for Vancouver housing. Chinese will either have to liquidate, or there will be significantly less capital for the Chinese to invest, when the economy collapses. If the only demand for overpriced housing is coming from Chinese investors, that is speculative demand, and is unsustainable. Value comes from supply and demand. Over building is a huge issue in both China and Canada, but the issue is, there is no actual fundamental demand for Canadian housing, especially in the Vancouver and Toronto markets. Average income cannot support an average house. Quality, full-time job growth is shrinking and turning negative. People are leaving expensive cities for more attractive economies, because housing is not affordable at current wages and income. The very fundamental of a bubble is that no one will admit there is a bubble. That property values are justified, and there is no threat to continued growth and stability. Additionally, who is saying Canadian banks are stable? The Canadian government? The leaders in banking and finance? Learn the facts and decide on your own!
China is in an even larger housing bubble than Canada (including Vancouver and Toronto). There are entire vacant cities, because the demand is so low. It will only be a matter of time before the market collapses. And then there will be no more more Chinese demand for Vancouver housing. Chinese will either have to liquidate, or there will be significantly less capital for the Chinese to invest, when the economy collapses. If the only demand for overpriced housing is coming from Chinese investors, that is speculative demand, and is unsustainable. Value comes from supply and demand. Over building is a huge issue in both China and Canada, but the issue is, there is no actual fundamental demand for Canadian housing, especially in the Vancouver and Toronto markets. Average income cannot support an average house. Quality, full-time job growth is shrinking and turning negative. People are leaving expensive cities for more attractive economies, because housing is not affordable at current wages and income. The very fundamental of a bubble is that no one will admit there is a bubble. That property values are justified, and there is no threat to continued growth and stability. Additionally, who is saying Canadian banks are stable? The Canadian government? The leaders in banking and finance? Learn the facts and decide on your own!
