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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. diego_+5C[view] [source] 2024-02-06 20:31:03
>>ilrwbw+9q
As an immigrant into Canada: even if that description were true, it still would make it a lot better than the majority of other countries in the world.

Luckily, Canada is a lot better than your description.

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3. ashcon+qO[view] [source] 2024-02-06 21:28:04
>>diego_+5C
The comment is complete hyperbole and isn't even correct. Real estate is bigger in the US than Canada.

Every developed country is running into immigration and housing issues. Canada isn't alone and isn't even the worst case.

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