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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. maxglu+BD[view] [source] 2024-02-06 20:37:38
>>ilrwbw+9q
Canada is Australia, an relatively affluent bureaucracy that sells rocks and houses. We have too many people to be Norway, where less people, a few high tier sectors and plundering the land for other markets can sustain developed QoL. But we could do ok on that model if we keep population down and build up a few strategic sectors. Except or interests are more subsumed by US foreign policy so we can't sell all the rocks we want. See the foreign NGO meddling that repeately killed Canada fossil expansion plans. Meanwhile US gets first dibs on global English talent, and Canadian English talent. And ultimately Canadian giants get cut down to size - Nortel, Bombardier due to sheninangans. But being US neighbour/sphere is better starting condition than most, but it's still hard map to play on.
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