Renting vs. Buying: Why if you live in Canada’s largest cities you’re screwed either way! – January 26, 2019,

Because CMHC and Rental Controls had a fight, Canada’s housing market and rental markets are out of whack, not only are Canadian housing and rental prices out of whack, the entire Canadian economy is out of whack, there are a lot of price controls in place in Canada and they’re on their dying legs. Now when I say Canada’s non-market, supply management economy is on it’s dying legs I’m not one to assume that there won’t be some resiliency, I expect a lot of Canadians to hold onto old ideas, sometimes disaster has to strike before Canadians understand there’s a systemic problem. Canadians aren’t realizing that public resources are dwindling because Canada has a Corporate and domestic welfare problem, that if it’s not addressed so will in time eventually grind our economy to a screeching hault.

Now, this is true in many parts of the world, the problem Canada faces is that we’ve priced out our productive people and replaced many of them with incompetent Government people. These speakers, these privileged few who work for the government and for Unions have brainwashed a lot of Canadians into believing that they’re victims, that they should embrace victimhood and seek for entitlements from the Government. This is a systematic problem that is not an easy fix, because once a person is a socialist or a communist who isn’t willing to listen, isn’t open to debate, views economics as something boring and not worth talking about, once you create generations of people who use social justice or social change as their rallying cry, well that’s a revolution, that’s France, that’s Venezuela, I’ve often laughed about French people and their Yellow Vest movement demanding the government raise the minimum wage.

I’ve watched videos where so-called Conservatives, so call people on the political right put on their own Yellow Vests hoping that other Canadians would join them to fight the powers that be. But these supposed Conservatives think that Justin Trudeau is problem, Justin Trudeau isn’t the problem, we as a people are the problem, we’ve allowed lies to permeate in our society of years, for generations, we’ve found a way to make Socialism work, we’ve done probably the best job in the world combining Central banking, Keynesian economics, welfare, and social safety n net. We were able to do this primarily because of NAFTA. But as I’ve stated many times over, Donald Trump has put an end to that era, it’s squashed its history, manipulating our currency has consequences now.

Being that most people in the mainstream media are socialists, they haven’t taken the time to read the new USMCA agreement, in business, it’s the fine print you have to pay close attention too, the fine print that now allows America more flexibility to retaliate in the new USMCA deal that didn’t exist in NAFTA. Canada in the next few years, especially if USMCA becomes law is going to have to be careful about manipulating interest rates, because there will be consequences, and these consequences that Canadians will feel won’t have much sympathy from even the Democrats in the United States. Donald Trump’s policies are pretty Liberal if you ask me, they’re also very protectionist, which is something Canada’s been practicing for a very long time.

Why I even bring this up is that Real estate is a huge part of the Canadian economy, CMHC, the BoC and the Prime minister of Canada are all doing everything they can to keep interest rates down, without causing hyperinflation. Socialist come from the school of the economy will be fine as long as investors aren’t spooked, by some alarmist, this is why I’m not going to say much going forward to alarm anyone, I’m going to allow this thing to play out.

If you know anything about real estate speculators and people who purchase property for cash flow or rental income, they like any other business person pass their costs onto the consumer, well Canada has reached its rental peak and because their even stopping small business people from being able to lease property it’s only a matter of time for the reality will set in. In the article below, the writer makes the case of why renting is better than buying right now.

I disagree Rental Controls(municipal) had a fight with CMHC(Federal) and I’d like to remind people that we’re only in the early stages of the coming disasters, if the government and our central bank doesn’t get out of the way of the free market to correct this looming economic collapse, well, we’ll see, hyperinflation of the Canadian dollar means the price for imports goes up, deflation of the economy means interest rates go up or we can fight it out where we are now until the Canadian economy comes to a screeching halt, that’s the worst-case scenario, because once that happens, that’s when the reality of economic collapse will present itself.

Renting vs. Buying: Why It Might Be A Good Time To Hold Off On A House Purchase – HuffPost Canada

Interesting times ahead.