Canada’s Real Estate Bubble Is Batsh!t Crazy Compared To Other G7s

New data from the world’s largest central bank serves a reminder of just how batsh*t crazy Canada’s real estate bubble is. Housing bubble experts from the US Federal Reserve Bank of Dallas (Dallas Fed) released its latest update of global home prices in Q3 2023. Most G7 countries moved in a similar fashion, rising with 2020 rate cuts and have shown recent moderation. However, zooming out reveals Canada’s real estate bubble is nothing like any other G7 country. It puts the peaks seen in US and Japanese bubbles to shame, predating its recent population boom narrative.

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Useless Immigration Minister urged to crack down on international student ‘no shows’ at colleges

Immigration experts are calling on the government to crack down on the abuse of study permits for international students, including those gaining admission to Canada but who do not attend college or university once they get here.

Immigration, Refugees and Citizenship Canada (IRCC) is also being urged to target people applying from abroad to attend private colleges that report high levels of “no shows.”

The Liberals are doing nothing to mitigate the harm done.

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GOLDSTEIN: PM’s flip-flop on Mideast war shows we’re not a serious country

Can’t imagine what could cause such reticence.

The Trudeau government’s botched announcement on whether Canada supports South Africa’s argument before the world court that Israel is committing genocide in Gaza, is just more proof that Canada under its current federal government is not a serious country.

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‘Breaking point’: Legault asks Trudeau to slow influx of asylum seekers

Quebec Premier François Legault is asking Prime Minister Justin Trudeau to slow the influx of asylum seekers entering the province, which he said is nearing a “breaking point.”

Legault made his request in an official letter to Trudeau sent Wednesday afternoon, a copy of which was obtained by The Canadian Press.

“We are very close to the breaking point due to the excessive number of asylum seekers arriving in Quebec month after month. The situation has become unsustainable,” Legault wrote.

The original French reads as “Dump them in Ontario.”

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Liberal-induced housing disaster cannot go on

Canada’s wildly high rates of immigration that have made it practically impossible to raise a family in Canada unless you’re rich

One of the most vexing questions that inevitably arises in any close scrutiny of the factors contributing to the dramatically worsening standard of living in Canada is whether the causes are a function of decisions the Trudeau Liberals made deliberately, or whether it’s all been a series of catastrophic mistakes.

Either way, this can’t go on.

Trudeau and or his handlers using Junior as a front deliberately inflicted this horror on Canadians. Prove me wrong.

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144 Hamas supporters no other state is foolish enough to accept on track to come to Canada, pending biometrics

144 Gazans on track to come to Canada, pending biometrics

Ottawa has processed visa applications for 144 people in the Gaza Strip, putting them on track to be reunited with extended family members in Canada — as long as they can make it across the border for biometric screening and final approval.

Immigration, Refugees and Citizenship Canada opened a program to offer temporary visas to as many as 1,000 people in the besieged Palestinian territory, if their relatives can support them in Canada.

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“It’s a real problem:” Housing starts across Canada fall seven per cent in 2023

The GTA saw a slight increase in housing starts, driven largely by condos, but only because of a lag in the impact of interest rates locally, according to the latest figures from the Canada Mortgage and Housing Corporation (CMHC).

“We’re just not seeing the supply built that we need,” said economist Mike Moffatt, blaming higher interest rates and a weak economy. “And it’s a real problem.”

Actual annual housing starts were down seven per cent across the country in 2023 compared to 2022, to 223,513, but were up five per cent in the GTA to 47,428.

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Joel Kotkin: Trudeau has weakened Canada — and by extension, the entire free world

At a time when the western world desperately needs some backbone, Canada seems to be swaying. It appears to have moved away from its long-term commitment to protect our now wobbling western civilization. This can be seen in how Canada deals with its defence responsibilities, its flaccid stand on Israel and in its belief in the value of its own existence.

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The Trudeau Liberals created a ‘population trap’ that is making us poorer

Immigration Minister Marc Miller made the media rounds on the weekend promising to think about – maybe, perhaps, possibly – capping the number of international students Canada accepts, and pinning the blame for an “out of control” problem on others.

“Well, we’ll consider it. We’ll consider it, and we’ll continue to consider it,” Mr. Miller told CTV’s Question Period. “If provinces don’t do their jobs, we’re ready to do it.”

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Former Liberal foreign minister says Canada no longer ‘useful’ in world affairs: ‘We…lost our bearings’

OTTAWA – Canada is good at pointing fingers at other countries but is missing in action on the international scene when it is most needed, said former Liberal deputy prime minister and foreign affairs minister John Manley on the podcast The Global Exchange.

Manley, who famously said two decades ago that Canada cannot sit at the G8 table and then excuse itself to go to the washroom when the waiter arrives with the bill, was asked if the country is now pulling its weight on the international scene during an episode recorded with former Quebec premier Jean Charest and former Conservative defence minister Peter MacKay.

Link fixed

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As a Chinese immigrant, I couldn’t make a life for myself in Canada—so I went back home

Communist Shithole Capitol Of Beijing Pollution

As a teenager in Beijing, I attended an international high school for students who wanted to go to university in Canada. My parents thought I’d have a better education in Canada, which they’d heard was a safe country with more affordable tuition than the U.S. In Grade 12, I did a half-year exchange to Bathurst, New Brunswick. I fell in love with the small-city vibe there—the population was only 15,000, compared to 21.7 million in Beijing. The experience made me realize that I didn’t like bigger cities. Everyone was so friendly, and there were lots of French speakers, which I thought was charming.

Pretty bad when they start preferring Smog City.

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Canada’s Economy Falling Behind, US Growing 10x Faster Per Capita

Canada’s economy has been making headlines for leading the G7, but many aren’t feeling the effects. That’s because gross domestic product (GDP) per capita has barely moved. Rather than growing the economy through economic improvements, Canada has only added more consumers through immigration. Adjusting for population, US households have seen their economic picture grow 10x faster over the past decade. The OECD previously warned Canada was heading into dangerous territory with their reliance on a debt-driven housing bubble.

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Poor policies responsible for stagnant economy and deteriorating federal finances

The Trudeau government was elected in 2015 based in part on a new approach to government policy, promising greater prosperity for Canadians through short-term deficit spending, lower taxes for most Canadians, and a more direct and active role for government in economic development. However, the result has been economic stagnation and a marked deterioration in the country’s finances. If Canada is to restore its economic and fiscal health, Ottawa must enact fundamental policy reform.

The Trudeau government has significantly increased spending from $256.2 billion in 2014-15 to a projected $449.8 billion in 2023-24 (excluding debt interest costs) to expand existing programs and create new programs.

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Liberals trying to play both sides in Gaza conflict

… But the Liberal Party since the days of Clifford Sifton in the 1890s has counted on immigrant voters for support. And between 2001 and 2021, the Muslim share of Canada’s population grew to 5 per cent from 2 per cent, even as the Jewish share of the population decreased slightly, to just below 1 per cent.

Mr. Trudeau’s promise during the 2015 election campaign to bring 25,000 Syrian refugees to Canada helped him win that election. Immigrant voters, many of them Muslim, in suburban ridings surrounding Toronto and Vancouver, helped the Liberals squeak through in the 2019 and 2021 elections. Now in the wake of the Hamas atrocities on Oct. 7 and the severity of Israel’s response in Gaza, the Liberal caucus is divided.

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