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The "LOLCANADA" thread...again The "LOLCANADA" thread...again

08-03-2023 , 05:47 PM
Quote:
Originally Posted by Montrealcorp
Yeah I think since at least from last year , that massive immigration policy he has is totally not appropriate at this time .
This massive immigration policy will break his voters and he will get hosed in the next election.

When your young voters can't find housing that is affordable all across Canada and your only reply is to stay the course with massive immigration.... People become single issue voter really fast.
The "LOLCANADA" thread...again Quote
08-03-2023 , 05:52 PM
Quote:
Originally Posted by Tien
Not for trades in construction in Canada.
I'm a bit confused about your position. You seem against new immigration, but are criticizing that there isn't enough immigration in the trades? However, immigration in the trades is specifically one of the things being targeted for in Canada's Express Entry system along with the normal stuff like healthcare/stem/etc. https://www.ctvnews.ca/politics/immi...ened-1.6502420.

My understanding is the complaints you and shifty are experience of a lack of people in your industries is felt over a number of industries and is a strong argument for pro-immigration policies. There are also counter arguments (housing being the biggest imo), but it seems like you are arguing the wrong side of the coin.
The "LOLCANADA" thread...again Quote
08-03-2023 , 05:53 PM
Quote:
Originally Posted by Tien
This massive immigration policy will break his voters and he will get hosed in the next election.

When your young voters can't find housing that is affordable all across Canada and your only reply is to stay the course with massive immigration.... People become single issue voter really fast.
When your mortgage payment doubles and groceries and fuel and utilities crush you your gonna look for a change

Reality is just like Sophie Canada is close to dumping the narcissist
The "LOLCANADA" thread...again Quote
08-03-2023 , 05:57 PM
Quote:
Originally Posted by lozen
Reality is just like Sophie Canada is close to dumping the narcissist
Ooof. Not even Poilievre went there. Real classy, lozen.
The "LOLCANADA" thread...again Quote
08-03-2023 , 06:01 PM
Quote:
Originally Posted by uke_master
Ooof. Not even Poilievre went there. Real classy, lozen.
Yeah Pierre is to smart to go there . I'm not

He is a disgusting human being.
The "LOLCANADA" thread...again Quote
08-03-2023 , 06:53 PM
Lucky Toronto

6 Taylor Swift concerts

I can only imagine how much cash that will contribute to the economy
The "LOLCANADA" thread...again Quote
08-03-2023 , 07:07 PM
Quote:
Originally Posted by Tien
It's tight right now and will be tight in 2024.

But I don't think we will see many cranes in the sky in Canada by 2025/2026. Every large condo builder / apartment complex builder here in Montreal are all finishing up their projects and parking their lands.

With the land prices the bought at in 2020/2021, they can't make it work at 5% bank rates. They won't be able to refinance their capital out at the end.
I can't speak on the Montreal commercial Industry. I know in my industry oil and gas there are a bunch of large projects currently on the books for 2025 and beyond. The industry will be expanding production to get as much oil out of the ground by 2050 they can while also doing large carbon capture projects. Recruiters have started doing presentations in high schools again to get people in the trades for this upcoming boom, which I haven't seen since 2006.
The "LOLCANADA" thread...again Quote
08-03-2023 , 07:30 PM
Quote:
Originally Posted by uke_master
This is a good example of the kind of broader market forces going on that are fairly separate from anything Trudeau is or is not doing. I guess his high levels of immigration (which you support?) helps the tight labour markets, but these types of things just drive up costs.
Not in favor of the current immigration policies at all. I think it's irresponsible for a government to continue record immigration in the midst of a healthcare/housing crises. Especially when a lot of them just end of moving to the US because of the cost of living anyway.

The tight labour markets within the skill trades is because there has been negative wage growth the last decade, zero promotion with young people and terrible company policies on hiring/apprenticeships.

Last edited by Shifty86; 08-03-2023 at 07:38 PM.
The "LOLCANADA" thread...again Quote
08-03-2023 , 08:37 PM
Quote:
Originally Posted by uke_master
I'm a bit confused about your position. You seem against new immigration, but are criticizing that there isn't enough immigration in the trades? However, immigration in the trades is specifically one of the things being targeted for in Canada's Express Entry system along with the normal stuff like healthcare/stem/etc. https://www.ctvnews.ca/politics/immi...ened-1.6502420.

My understanding is the complaints you and shifty are experience of a lack of people in your industries is felt over a number of industries and is a strong argument for pro-immigration policies. There are also counter arguments (housing being the biggest imo), but it seems like you are arguing the wrong side of the coin.
- Trudeau's immigration policy is super charging my rental portfolio rental amounts. Since I own quite a bit of rental portfolio, more rents = more value for me.

But this isn't right for Canada long term, 5 years ago people used to be able to find hundreds of apartments in Montreal for under $1000/month at any given time. Weren't the best units in the world, but affordable. With the mass of immigration coming, the bottom end rental range is being forced upwards. There's exactly 19 apartments for rent on MLS at under $1000 a month right now in Montreal, and 95% of them are basement 1 bedrooms. There's a complete imbalance in supply and demand.

- Construction trades in Quebec are unionized, and prices are set by the union and labour board. These new immigrants are not going to push down labour wages.

In terms of shortages. There are shortages now but very manageable if we spread out our timelines. My argument is that there will not be any more shortages in the construction trade in 2025 and beyond due to interest rates killing all new projects.
The "LOLCANADA" thread...again Quote
08-03-2023 , 08:42 PM
Quote:
Originally Posted by Shifty86
I can't speak on the Montreal commercial Industry. I know in my industry oil and gas there are a bunch of large projects currently on the books for 2025 and beyond. The industry will be expanding production to get as much oil out of the ground by 2050 they can while also doing large carbon capture projects. Recruiters have started doing presentations in high schools again to get people in the trades for this upcoming boom, which I haven't seen since 2006.
Oil and gas is very different and probably regional but I can imagine there is worker overlap. Maybe the construction guys will hop over next couple of years.
The "LOLCANADA" thread...again Quote
08-03-2023 , 08:44 PM
Quote:
Originally Posted by lozen
When your mortgage payment doubles and groceries and fuel and utilities crush you your gonna look for a change

Reality is just like Sophie Canada is close to dumping the narcissist
Inflation is dead, but somehow its still a monster in the closet the masses are brainwashed to worry about, kinda like Covid in 2021.
The "LOLCANADA" thread...again Quote
08-03-2023 , 08:57 PM
Quote:
Originally Posted by Tien
Inflation is dead, but somehow its still a monster in the closet the masses are brainwashed to worry about, kinda like Covid in 2021.
Tell that to a family of four renting or someone whose mortgage is due .
As groceries are astronomical right now .
The "LOLCANADA" thread...again Quote
08-03-2023 , 09:02 PM
Quote:
Originally Posted by Montrealcorp
I would rather have a 100k house debt instead of a 500k house debt and it’s easier to qualify for a cash down payment at 100k .
It favourable when u earn extra cash on the side and can put a down payment directly on a much lower house debt .
it’s fun when u actually can make money just by holding cash in a bank account too.

If u have no money , high inflation or high interest rates won’t make a difference regardless .
Those aren't the 2 options though. It's 500k of debt at 3% for 2500/mo or 400k of debt at 6% for 3500/mo. I'll take the 500k.
The "LOLCANADA" thread...again Quote
08-03-2023 , 11:00 PM
Quote:
Originally Posted by GooseHinson
Those aren't the 2 options though. It's 500k of debt at 3% for 2500/mo or 400k of debt at 6% for 3500/mo. I'll take the 500k.
The problem with your example is that it’s impossible ……

But if u find buyers like that u should sell everything u can found to them .
U will make a fortune .

Last edited by Montrealcorp; 08-03-2023 at 11:08 PM.
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08-04-2023 , 01:24 AM
Sigh, Canadians are annoyingly ignorant. Canada had best in g7 inflation levels -great job Trudeau - but the public hasn’t figured that out. https://twitter.com/davidcoletto/sta...96Ytk2nEU_KokQ
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08-04-2023 , 01:54 AM
Not surprise at all.
The amount of politic garbage existing now in social medias is the primary cause of it .

Never understood why people trust the opinion of perfect stranger on social media while they wouldn’t on the streets ….
The "LOLCANADA" thread...again Quote
08-04-2023 , 08:49 AM
Quote:
Originally Posted by uke_master
Sigh, Canadians are annoyingly ignorant. Canada had best in g7 inflation levels -great job Trudeau - but the public hasn’t figured that out. https://twitter.com/davidcoletto/sta...96Ytk2nEU_KokQ
Yup call people that see their rent costs, good costs and mortgage costs growing ignorant because they do not realize fuel costs have lowered inflation
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08-04-2023 , 10:41 AM
Id be curious I think Uke is a family of four and what you spend in a month on Groceries?
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08-04-2023 , 11:14 AM
I think people notice groceries - which are still rising quickly, and no, mostly due to factors other than the carbon tax - because it is a thing you do every week, a thing you have to do, and something a lot of people are already pretty price conscious on saying oh hey blueberries are in season right now and so cheap let's buy a bunch. But the reality is humans are pretty bad estimators and most people can't easily tell the difference between 2.8% inflation and 0% and 5%. It's just too small a difference to estimate based on gut feeling. Add in the lying by the conservative and general doom scrolling social media, and it isn't surprising only 13% of Canadians have figured out we are best in the G7.

I don't know what my personal situation matters, but like most of the big unions in BC my salary for my main job is inflation linked so inflation makes little difference to me, and we are fortunate enough to not have to worry about the price of groceries.
The "LOLCANADA" thread...again Quote
08-04-2023 , 01:35 PM
Quote:
Originally Posted by uke_master
I think people notice groceries - which are still rising quickly, and no, mostly due to factors other than the carbon tax - because it is a thing you do every week, a thing you have to do, and something a lot of people are already pretty price conscious on saying oh hey blueberries are in season right now and so cheap let's buy a bunch. But the reality is humans are pretty bad estimators and most people can't easily tell the difference between 2.8% inflation and 0% and 5%. It's just too small a difference to estimate based on gut feeling. Add in the lying by the conservative and general doom scrolling social media, and it isn't surprising only 13% of Canadians have figured out we are best in the G7.

I don't know what my personal situation matters, but like most of the big unions in BC my salary for my main job is inflation linked so inflation makes little difference to me, and we are fortunate enough to not have to worry about the price of groceries.
Hey I am just curious what a family of four pays for Groceries. I know my bill In July was shocking . I am thinking is family of four paying $2000 for groceries or what ?

I just thought I remembered you are married and have a couple of kids I thought. If I knew shifty was a family of four Id ask him
The "LOLCANADA" thread...again Quote
08-04-2023 , 02:40 PM
Uh, I guess it is around 7-800 a month or so for groceries and then eating out/take out would be on top of that. But my kids are young, the toddler is still nursing. Ask me again when they are teenagers.
The "LOLCANADA" thread...again Quote
08-04-2023 , 02:49 PM
Quote:
Originally Posted by Tien
In terms of shortages. There are shortages now but very manageable if we spread out our timelines. My argument is that there will not be any more shortages in the construction trade in 2025 and beyond due to interest rates killing all new projects.
Interesting. I'm out of my depth here, but I'm not convinced by this. Big picture, immigration creates more supply AND more demand. More need for houses AND more people to build houses, more need for healthcare AND more people to provide healthcare. So the kind of questions about whether to be pro-immigration or anti-immigration I don't think can be answered by pointing to one side of that and saying "omg we will need more of X". Instead when I think about it I look at stuff like our age-demographic curves and how as Canada ages a strong economy is going to depend on lots of immigration, a concern quite longer term than this very localized price shock from inflation and then the interest rates which are taming inflation.

I don't know if you are right about 2025 or not, I suspect you are exaggerating it somewhat, but I do think we should expect robust construction demand and need for labour in this sector and many others over, say, the next 10 years. We have a LOT of building to do before housing prices come down, and interest rates aren't presumably going to be this high forever. Specifically, if it is the case that high interest rates suppress construction leaving lots of unemployed construction workers, that's a full on recession and presumably at that point gets dealt with by rates edging back down again. Right now things are looking good for a "soft landing" not a "hard landing", but who knows.
The "LOLCANADA" thread...again Quote
08-04-2023 , 03:14 PM
Quote:
Originally Posted by uke_master
Uh, I guess it is around 7-800 a month or so for groceries and then eating out/take out would be on top of that. But my kids are young, the toddler is still nursing. Ask me again when they are teenagers.
Ask your wife tonight because I think your number is out to lunch Unless you eat alot
The "LOLCANADA" thread...again Quote
08-04-2023 , 03:35 PM
Quote:
Originally Posted by lozen
Ask your wife tonight because I think your number is out to lunch Unless you eat alot
I'll admit I'm a little out of touch because we're practically empty nesters, and we also don't shop as conservatively as we used to, but that number seems realistic especially given the age of his children. But it can also depend a lot on where you're located. For example, if you're shopping in the Kootenays, you're probably going to be paying a lot more for your groceries. We're currently in a small town in the Interior, and paying a lot more for food than when we're back in Metro Vancouver.
The "LOLCANADA" thread...again Quote
08-04-2023 , 04:11 PM
Fwiw for 2 adults it’s around 800$ per month In mtl.
The "LOLCANADA" thread...again Quote

      
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