violagirl
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Joined: Aug 17, 2011 11:04:54 GMT -5
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Post by violagirl on Jul 27, 2015 19:04:24 GMT -5
The only places where there may be real estate bubbles are in Vancouver and Toronto areas. Mostly related to foreign investors.
In most other places real estate is still within the realm of possibility for the average family. Where I am there are a lot more $500,000+ homes then there used to be but they are not the norm.
How will the drop in oil prices affect the average person's ability to afford a home? Many people here have become accustomed to the Alberta wages and have increased their spending as a result but as those jobs dry up, will house prices stagnate as more people can't afford them?
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Value Buy
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Joined: Dec 20, 2010 17:57:07 GMT -5
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Post by Value Buy on Jul 28, 2015 11:13:59 GMT -5
All I know is the Canadian dollar better stop losing value to the American dollar. We need more Canadians to come down south and buy up all the empty property at the new higher prices to propel our bubble here. South Americans are tapped out due to commodity prices and I might want to sell in about five years and need top dollar!
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Virgil Showlion
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[b]leones potest resistere[/b]
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Post by Virgil Showlion on Jul 28, 2015 14:25:32 GMT -5
All I know is the Canadian dollar better stop losing value to the American dollar. We need more Canadians to come down south and buy up all the empty property at the new higher prices to propel our bubble here. South Americans are tapped out due to commodity prices and I might want to sell in about five years and need top dollar! The "hurrah for a low dollar" mentality has always seemed nonsensical to me, but Canadian economists are unified in their belief that a low-ish Canadian dollar is a gift to be treasured. It's worth noting that the issue isn't so much with the CAD being low, but with the USD being high. Mainly because of the chaos in Europe and China.
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Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
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Post by Value Buy on Jul 28, 2015 15:35:25 GMT -5
All I know is the Canadian dollar better stop losing value to the American dollar. We need more Canadians to come down south and buy up all the empty property at the new higher prices to propel our bubble here. South Americans are tapped out due to commodity prices and I might want to sell in about five years and need top dollar! The "hurrah for a low dollar" mentality has always seemed nonsensical to me, but Canadian economists are unified in their belief that a low-ish Canadian dollar is a gift to be treasured. It's worth noting that the issue isn't so much with the CAD being low, but with the USD being high. Mainly because of the chaos in Europe and China. True, but with the dollar being high, and Canadians notoriously, frugal, and low tippers, it could be a very long winter in Florida for the locals.
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weltschmerz
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Joined: Jul 25, 2011 13:37:39 GMT -5
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Post by weltschmerz on Jul 28, 2015 15:51:27 GMT -5
We're considered bad tippers because our wait staff actually earns a living wage. Evidently, your servers earn a minimum of $2.13 an hour. That's outrageous. In any case, I still tip at least 15% here, unless the service is crap.
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Deleted
Joined: May 17, 2024 22:47:14 GMT -5
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Post by Deleted on Jul 28, 2015 16:32:56 GMT -5
All I know is the Canadian dollar better stop losing value to the American dollar. We need more Canadians to come down south and buy up all the empty property at the new higher prices to propel our bubble here. South Americans are tapped out due to commodity prices and I might want to sell in about five years and need top dollar! The "hurrah for a low dollar" mentality has always seemed nonsensical to me, but Canadian economists are unified in their belief that a low-ish Canadian dollar is a gift to be treasured. It's worth noting that the issue isn't so much with the CAD being low, but with the USD being high. Mainly because of the chaos in Europe and China. Depending on what industry you are in the lower CAD can mean more business. This is the case in the industry I am in, the lower the dollar the more Americans coming to do business here.
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Virgil Showlion
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[b]leones potest resistere[/b]
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Post by Virgil Showlion on Jul 28, 2015 17:24:15 GMT -5
The "hurrah for a low dollar" mentality has always seemed nonsensical to me, but Canadian economists are unified in their belief that a low-ish Canadian dollar is a gift to be treasured. It's worth noting that the issue isn't so much with the CAD being low, but with the USD being high. Mainly because of the chaos in Europe and China. Depending on what industry you are in the lower CAD can mean more business. This is the case in the industry I am in, the lower the dollar the more Americans coming to do business here. That's exactly why the economists like it. A lower dollar attracts US business and US customers. Of course, this is at the expense of Canadian consumers and importers, but they don't count. Nobody can take more punishment than the Canadian consumer (except possibly the Canadian taxpayer). As for tipping: I tip 15%, but Weltz is right. Canada is caught between Europe (where tips are max 5%, if any) and the US (where tips make up a significant portion of a server's living). Canucks will head south and leave lousy tips out of simple ignorance as to how US culture works. You'll also find that we order ridiculously large meals (at least for a while) because we expect a $25.00 steak dinner to be a little 6 oz. steak, some greens, maybe a few potato cubes; salad, soup, bread not included. And in the US, well... you do things differently.
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