Quote:

---

Originally posted by Rajagopal

Febpreet: The problem is like majority of people, you have too many boxes to check.
1) A big house by desi standards.
2) Best public schools.
3) Short commute.
4) Located in a desi friendly community.
5) lovely weather.
6) etc etc etc etc etc etc....

Unfortunately, you have another 3 million people with the same checklist....who are looking at MLS every 2 minutes hoping to find that one dream house. Eventually, the one with the lowest IQ + bigger mortgage will score it.

If you are willing to sacrifice one item from the above list you will find what you are looking for.

Small towns with good technology hubs(e.g waterloo) offer you a big house, good schools, peaceful living, stress free life, good commute, secure, community oriented life. But, are you ready for it?

The more you look at MLS......the more hair loss you will have. :-)

---

-----------------------------------------------------------------
Give free food http://www.thehungersite.com ||

Yes. It is official now.

I read this from the CNN just minutes ago.

Oh Canada!
The country has fallen victim to cheap oil and slid into recession for the first time in six years.

The G-7 economy is a big energy exporter and the slump in crude prices -- currently below $50 a barrel -- has spread pain across the country and hit growth.

Official data released by Statistics Canada on Tuesday showed second quarter GDP fell by 0.5% on annualized basis. First quarter GDP contracted by 0.8%. That puts the country in a technical recession, defined as two consecutive quarters of declining GDP.

Murali

-----------------------------------------------------------------
I am a Gents and not a Ladies.

TK has mentioned CNN .... whereas in your case there were no credit / reference whatsoever.

-----------------------------------------------------------------
Fido.

Quote:

---

Originally posted by RBO
I am not wondering that very soon we will come to know that Hudson Bay, Canadian Tire, Old Navy and other stores are going to close very soon in Canada.

---

-----------------------------------------------------------------
Fido.

Calgary is seeing the biggest plunge and is hardest hit due to the Energy jobs leaving the shore. More layoffs coming in the big oil city/Province.

Not sure if the same is true for other two big cities, Vancouver and Toronto. I would say, it won't impact much - Toronto being the headquarter capital and Vancouver with all its Tourism, Lumber, and Technology exports with Film industry (low dollar sure helps).

Lesson: Don't put all eggs in one basket.

http://www.theglobeandmail.com/report-on-business/house-sales-plunge-in-calgary-as-energy-sector-job-losses-mount/article26183176/

Reports are always mixed, and depends which way you look at:

One one side, Canadian Auto sales have seen the biggest jump and is expected to go further up due to the low interest rates:

http://www.theglobeandmail.com/report-on-business/international-business/us-business/fiat-chrysler-august-us-sales-rise-2-on-suvs-trucks/article26172779/

On another, downtown Vancouver office vacancy rates are at 10 years high:

http://www.vancouversun.com/business/commercial-real-estate/Downtown+Vancouver+office+vacancy+rate+year+high/11332949/story.html

Then, you have a lowest mortgage interest rates that I don't foresee to go up in any near future (until 2017), hence the housing keeps its upward momentum - at least in Vancouver and Toronto, unless something drastic happens:

http://www.ctvnews.ca/business/housing-markets-mostly-stable-with-hot-pockets-in-toronto-vancouver-banks-1.2540860

http://www.news1130.com/2015/09/02/home-sales-in-greater-vancouver-stayed-hot-in-august/

So, in my opinion, if you have a job - stick to it for as long as you can. Not a good time to switch. If you're looking for a house, go for the one that you can afford. Postpone any renovations until it's really warranted. All in all, don't spread out beyond your means. Credit is cheap, but it's still you that have to pay it back - recession or not.

US Shopping? Nah! That's the thing of the past.

http://www.cbc.ca/m/touch/canada/britishcolumbia/story/1.3212184

Quote:

---

Originally posted by tamilkuravan

I read this from the CNN just minutes ago.

Murali

---

-----------------------------------------------------------------
Fido.

HW, can you just not ignore instead of hijacking the thread with the irrelevant rant, and picking on the posters unnecessarily?

For what it's worth, TK did infact mention the source, i.e. CNN, even if casually.

Can we not stick to the topic, please?