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Mortgage Broker News | 30 Nov 2015, 04:55 PM Agree 0
Oil at $35 a barrel for a period of five years would trigger a 26 percent collapse in Canadian home prices, according to stress tests run by Canada’s housing agency
  • Mortgage Guy Geoff | 30 Nov 2015, 05:43 PM Agree 0
    There's so much that could be said here, but I'm only going to go with a question: if it is so risky to have a high concentration of net worth in real estate, where then should we redistribute portions of our net worth to? Last time I checked, my mutual funds don't perform nearly as well as my rental properties. Maybe they mean we should buy some stocks. After all, maybe my Nortel will come back one day.
  • Scare tactics much? | 30 Nov 2015, 07:20 PM Agree 0
    So it only came out after the presentation that this hypothetical scenario was after a 5 year period of oil at $35...? Methinks that within half a decade of being hitched to a weakening industry, we would make some effort to diversify. Oh, wait... we already are?! Well gee whiz...

    Are we Canadians honestly being taxed to pay for this sort of garbage presentation on our economy to a "private audience in NY"? This sounds like a massive exercise in vanity.
  • Derek Austin | 30 Nov 2015, 10:07 PM Agree 0
    If oil stays for 5 yrs at $35 dollars then it will be time for Alberta to separate from Canada as that will mean the the East is still buying Oil from other countries that do not support the Our Nation, I hope sooner than later the East realizes that they need to start buying oil from Western Canada .Millions of dollars are made by people from the East working in the patch but still living in the East. The whole country suffers except for Toronto and Vancouver ad they have foreign money to live off of
  • Jerry Quigley | 01 Dec 2015, 08:02 AM Agree 0
    Wow, many of these numbers/scenarios seem far fetched. Wonder why a crown corporation is doing slide presentations on them?
    Surely the presentation included an expected scenario.
  • John | 01 Dec 2015, 10:44 AM Agree 0
    BullS**t
  • Carsten | 01 Dec 2015, 04:54 PM Agree 0
    Reading this is a waste of everybody's time.
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