Now now, market forces are a capitalist’s dream. Weigh in and the scales tip all wrong. However which province and city in this case has the damn most to lose when all hell breaks loose and real estate prices go south permanently?
Certainly not Toronto which enjoys all of southern Ontario and the Canadian Economic Triangle of insurance.
Nowhere else is BC poised like it is to enjoy all the benefits of both overseas influx of money and back out to sea when it sinks like a Titanic.
Such is democracy and a money market. Forces bear as they should. Which is saving the poor sap who can’t afford million dollar real estate outhouses which will become nothing more than dirty holes in the ground at some point.
Say what – Look at Flint Michigan for a lesson in economics 101. Or was that Detroit?
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