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[return to ""Fake Chinese income" mortgages fuel Toronto real estate bubble: HSBC bank leaks"]
1. ilrwbw+9q[view] [source] 2024-02-06 19:36:03
>>eswat+(OP)
I have said this over and over again: Canada is the most overrated of all the developed countries.

The whole country is a gigantic house of cards propped up by real estate, with horrible service quality, terrible healthcare, no jobs, ZERO innovation, risk taking and entrepreneurship.

Having lived and travelled extensively, most Canadians want a house somewhere in the woods instead of doing something meaningful with their lives or try and innovate to build something.

All of this is propped up by rampant levels of immigration from China and India. Where US got the best talent from India, Canada got the worst, the ones who scam their way here and take the lowest level jobs.

Now all of this is coming home to roost. The next decade will be Canada's worst and if they do not learn that risk taking and entrepreneurship is the only way out of the mess they find themselves in, they will become a third world country in another decade.

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2. mgbmtl+oB[view] [source] 2024-02-06 20:28:09
>>ilrwbw+9q
I'm surprised that you didn't mention the role of petrol in Alberta and hydro power in Quebec. They play a key role to sustaining the economy and social services. It's not just that though.

People are definitely less risk-taking, workaholics, despite having a social safety net, or maybe because of it. It's just maybe less in our culture to "go big or go home". Having a cabin in the woods and free time to live your life is nice.

Maybe because I live in Quebec, and language is definitely a barrier (requires immigrants to be trilingual), but I haven't met many shady people from China or India, on the contrary. My ancestors came here by accident from different countries, taking a random boat in a port, worked hard and made it. I hope we can give that opportunity to others too.

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