Economy getting his hard, sliding oil!!

bai things getting expensive in the produce section at the stores.  We getting price changes every week also and minimum increase on some products is 50 cents

Amral posted:

bai things getting expensive in the produce section at the stores.  We getting price changes every week also and minimum increase on some products is 50 cents

Things could get tough in Canada.

The greenback is King of the Jungle now.  When the US shoppers go to shop in Canada.  It's like getting 50% off.  

Not so long ago the Canadian dollar was on par with the US (back in 2007, it was higher), this week it was about 1.42 to 1. Rough for the Canadians.

Bibi Haniffa posted:

The greenback is King of the Jungle now.  When the US shoppers go to shop in Canada.  It's like getting 50% off.  

Canada is always a nice place to go, this is just an added bonus!

I hardly get orders from Canada these days. The exchange rate has killed off that line of export for now.

Are there any other opportunities to take advantage of the sliding Canadian dollar?   I would expect that this would be a great time to send American kids to the Canadian universities to take advantage of the exchange. 

Canadian universities are much less expensive then US without the slide

Drugb posted:

Are there any other opportunities to take advantage of the sliding Canadian dollar?   I would expect that this would be a great time to send American kids to the Canadian universities to take advantage of the exchange. 

The Canadian with US dollar denominated assets should look to liquidate and take advantage of Canadian commodity-based investment opportunities which is depressed at the moment.  A current levels though, I believe there is further downside so I say ride it a bit more.  This oil "cold-war" between Saudi and Iran just heated up.  It has more to run before someone capitulates.

Look to buy properties in places like Nova Scotia or PEI.  50% discount at the moment.

Abu Jihad posted:

Look to buy properties in places like Nova Scotia or PEI.  50% discount at the moment.

Be careful, the RE market was overheated anyway.  Some of these will take over a decade to recover and will depend on continued immigrant inflows, mainly from Asia.  Look before you leap!

RiffRaff posted:

Canadian universities are much less expensive then US without the slide

Foreign students pays twice as much as Canadians, plus the high cost of living. Americans can invest in Canadian currency, the Cda .dollar will get to 85 cents US in five years, it all hinges to OIL, the auto makers are reverting to big SUV's and trucks, electric cars are not making it, some models are scraped.If and when ISIS is controlled or eliminated then the bootleg oil market will close and oil price will get to $90. a barrel.The tourist industry in Canada is a boom , so anything tourism related will be successful.The low dollar will create more jobs, Hollywood North, Silicone Valley North,manufacturing . the down side ,we depend alot on imports of fresh fruits and vegetables and some of those prices have gone up by 100%, I am sorry for people on fixed incomeand the poor.

Even though education cost for foreign students is more in Canada it is still much cheaper than in the US. There are a couple of bonuses with studying in Canada as a foreign student:

• You will do internship as a PEY or co-op student for 16 months which will make you work ready. As an engineering student I know a company that pays 45K per yr to these students. That alone will pay at least their living expense
• Most foreign engineering and medical students receive Canadian residency and 1 yr credit towards the 3 yrs required for Canadian citizenship. Canada is very smart – the foreign students pay for their education and she benefits by keeping these educated students in Canada.

Every crisis is the same, the patterns are the same, oil will go back up, just follow the money and you will see what I mean. There is always a cleanse and then a consolidation and the 99% always pay. 

WRT RE: that is neither here nor there. I bought a second house for investment in Richmond Hill 5 yrs ago and it has doubled in price and still going up. This looks like a big bubble. However, when you look at the people buying - mostly Asians and then you travel through Asia you will understand why they would want to live in Canada and the US. So yes it is a bubble and will correct but how much of a correction. I do not know.

Vancouver, Toronto and the GTA are still very hot. Personally the reason I  invested in Richmond Hill is because it is one of the most desirable areas to live around Toronto and it is very very small so I do not think it will be hit as hard as some other areas when the correction comes cause there is not much land left to build on in that area.

Politikalamity,

You should advise posters that it is Richmond Hill, Canada. They might assume the it is RH, NY.

Yes, Vaughan and Richmond Hill are very hot for prices.

Vaughan and Woodbridge single homes start around the $ 1 million dollar range, running into the tens of millions.

Excellent investment choice.

Some RH, NY houses are close to US600K and more....that is over a million Canadian...

RiffRaff posted:

Some RH, NY houses are close to US600K and more....that is over a million Canadian...

 

You are excluded and excused from a financial debate. 

yuji22 posted:

RiffRaff posted:

Some RH, NY houses are close to US600K and more....that is over a million Canadian...

 

You are excluded and excused from a financial debate. 

If you think knowing RE value in one neighborhood vs another is finance, then you don't know much

yuji22 posted:

Politikalamity,

You should advise posters that it is Richmond Hill, Canada. They might assume the it is RH, NY.

Yes, Vaughan and Richmond Hill are very hot for prices.

Vaughan and Woodbridge single homes start around the $ 1 million dollar range, running into the tens of millions.

Excellent investment choice.

Probably not practical for Americans, investing in homes in Canada. You would have to rent it out and pay taxes and pay someone to manage the rental. Is it worth the while when factoring these costs?

Drugb posted:

 

Probably not practical for Americans, investing in homes in Canada. You would have to rent it out and pay taxes and pay someone to manage the rental. Is it worth the while when factoring these costs?

 

Renting in Canada is not the easiest, because there are a lot of laws protecting renters, however, if you do your due diligence and background check you can be successful.

 You can rent a 2000 sq ft. single detached house in Richmond Hill for 2.8 - 3K per month, plus utilities

 But the goal should be for long capital appreciation in a well-diversified portfolio. Real estate can be very good and return a lot in the short term on speculation. However, the long term capital return on RE is around 3% compound per yr. This is why as part of a diversified portfolio RE is essential but comparing investment vs investment RE is not the best over the long term. Even a conservative diversified stock portfolio by far outweighs RE over the long term.

One big plus is that owning property in Canada will give you a leg up if applying for residency.

If your kid (s) will study in Canada then buy property close to the university and let him/her stay there and rent out a part of it. Owning rental property close to universities are lucrative, especially renting to overseas students.

The last condos on sale in my neck of the woods uptown  Yonge/Davisville, Chinese aren't just purchasing a unit, some of them take the whole floor, these go for around $400k.

The Chinese, and many others, buying up London as well. Houses in my street are about £600K, which is about U$850K. And they are just ordinary houses. The better ones are now starting at £1million. The locals can't afford that kind of mortgage. 80% is all foreign money.

cain posted:

The last condos on sale in my neck of the woods uptown  Yonge/Davisville, Chinese aren't just purchasing a unit, some of them take the whole floor, these go for around $400k.

400k a unit not a whole floor. 10 -12 units per floor.

Mr.T posted:

The Chinese, and many others, buying up London as well. Houses in my street are about £600K, which is about U$850K. And they are just ordinary houses. The better ones are now starting at £1million. The locals can't afford that kind of mortgage. 80% is all foreign money.

Yeah its crazy and it is happening everywhere...London is simply outrageous! I have some young cousins in London who are wondering if they will ever afford property in that city

I just came back from a six country Asian trip and its happening in HK, Macau, Taipei, Bangkok, Singapore and KL.

I  visit Asia often and RE gets more expensive all of the time. The Chinese are doing whatever they need to do to move their money out of China.

Gotta get me some shares in 'erb.

cain posted:

cain posted:

The last condos on sale in my neck of the woods uptown  Yonge/Davisville, Chinese aren't just purchasing a unit, some of them take the whole floor, these go for around $400k.

400k a unit not a whole floor. 10 -12 units per floor.

its nuts Cain. It takes two professional salary to afford a home in Toronto and the GTA now. I do not know how the average person is managing, we need more low cost housing.

I am actually happy that Richmond Hill is actually building a mixed income building - meaning the rent will be normal for those that can afford but quite a few units are being set aside for low cost housing. I like this idea, I hate the clustering system of putting all low cost housing in one place, people unfairly got stigmatized because of that.

cain posted:

Gotta get me some shares in 'erb.

You did not buy!?!?! Some of my friends made a killing on some venture stocks!

Nope slowwwww!!!!

Gettin talked into it

Poli, why does author say the part I hilited,after all the good review?

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