Canada’s $6.9B Wildfire Is the Size of Delaware and Still Out of Control

Re:Canada’s $6.9B Wildfire Is the Size of Delaware and Still... by fuddle on Friday June 03, 2016 @08:19PM (#11834212)

If it's in so much trouble, why are property prices increasing at a ridiculous rate? http://www.theglobeandmail.com/report-on-business/top-busine...

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Re:Canada’s $6.9B Wildfire Is the Size of Delaware and Still... by kitcar on Friday June 03, 2016 @08:59PM (#11834334)

1) Extremely low interest rates combined with government backed mortgages (CMHC) means lots of people now have mortgages they will be unable to carry if interests rates rise by 1% (as that would be a 50% increase in their interest payments...) 2) Foreign investment (Vancouver+Toronto).

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Re:Canada’s $6.9B Wildfire Is the Size of Delaware and Still... by branchless on Friday June 03, 2016 @09:21PM (#11834412)

my word - that's a key sign they are in trouble...

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