The jackasses running the oil industry and the real estate market are among the most corrupt people on the planet. They will say anything to attract the marginal gambler to their markets. Uber-buffoons in government are just their bukkake whores. As we didn't learn in 2008...
Canada is in the midst of one of its weakest expansions ever, and only the housing boom keeps it from getting worse.
That’s one of the key takeaways from Friday’s GDP report. Two years since oil prices started plunging, Canada’s economy is almost completely reliant for growth on bank lending and the hot Vancouver and Toronto housing markets generating fees for brokers.
Home sales dropped in Metro Vancouver by up to 86 per cent after the introduction of the foreign investor tax on Aug. 2, according to official MLS data only available to realtors.