wyatte
Oh my.... They just invented the 'list'. Or better yet a list that drives map interactions....oh my and an ordered list too! I could swear I did that like 10 years ago on google maps, but I guess it must have just been a dream.
Seriously, adding a fancy radius dial overlay doesn't really improve much over a plain old ordered list.
Or rather when it's able to steal the last remaining privacy mankind holds. I'm sorry, but for me the cellar capability is the final straw and I will never buy one. I truly feel sorry for our newer generations who will suffer the consequences of us letting these organizations take that privacy so freely without even a fight.
Well I'm sure that even the addicts don't "want" to be on pills. The real question is how many people actually are unnecessarily addicted. Do you believe that most are not? If so how would you substantiate that? If you want I can start listing out anecdotal information that would support the opposite of what you are saying, but that would get us nowhere right?
I don't understand your comment on roles being reversed. I didn't realize I had a role in this and I don't know what possibility you're referring to or how it might relate. Maybe you can elaborate.
[edit: note that TO is in a short term downwards price adjustment due to the 15% foreigner tax put in recently, that will stabilize this year, but still over the last 8 years TO pricing has skyrocketted]
Even so housing across Canada has gotten more expensive. Through gentrification in these big cities, smaller cities have seen people move in causing some nominal increases too.
The result is that people all around are needing to allocate more and more money towards housing leaving them having to use credit cards and loans more. You can do a Google search on Canada household debt and there's no shortage of articles declaring record breaking household (non-mortgage) debt levels.
So yeah it's all one big problem, but it's the household debt that's going to kill them, not the mortgage debt. Foreigners will continue to invest in Canada even during a recession, because Canada will still be a good investment on a relative basis. Big cities like Vancouver and TO will hold their value as all big cities tend to even during recessions. Just look at how quickly NYC managed/recovered post 2009 compared to other US cities.
All this leads me to believe that people are in financial trouble due to household debt, though maybe it's semantics. For some when, mortgage renewals come about, does it really matter which?
Canada isn't facing a housing bubble as much as they are facing a debt bubble. Most of the recent household debt that has been record breaking year after year has been with credit cards, autos and lines of credit.
What a load of malarkey.