Canadians now richer than Americans.

[ZenOps]

http://www.calgaryherald.com/busines...510/story.html

Due to a combination of factors, but mostly due to the real estate collapse in the US which may eventually hit us too.

[effingidiot]

That's not fair. Our housing market didn't crash. Yet

[Xtrema]

It should read Americans are now poorer than Canadians.

[sputnik]

Originally posted by Xtrema
It should read Americans are now poorer than Canadians.

[civic_stylez]

Perhaps making it rain in the club had alot to do with losing money at a rapid rate...

[arian_ma]

yolo bro, yolo

[m10-power]

Baller one dollar bills...

[masoncgy]

We'll see how rich we are once the housing correction rolls through full swing. It's already underway basically everywhere.

[googe]

Actually no, Alberta RE is booming again. Vancouver's "bubble" never burst, despite the doomsday naysayers. As much as everyone who hasn't bought wishes otherwise, high housing prices are not going anywhere.

[masoncgy]

Uhhh....

http://business.financialpost.com/20...r-low-in-june/



Evidently, you don't follow the real estate markets that closely. BC has been into a correction for some time now.

Forget Alberta, it will come around too. High housing prices = unsustainable over the long term.

[googe]

Did you read your own article

Also:

http://www.cbc.ca/news/canada/story/...me-prices.html

[Xtrema]

Typical of people see what they want to see within an article.

Correction is coming for Vancouver. It's not fast but it is correcting.

Correction has not started in Toronto but it will

Calgary and Edmonton market is just right. Tons of jobs, rental market vibrant, I don't see adjustment in AB unless another 2008 comes along.

[Sugarphreak]

...

[jampack]

Originally posted by m10-power
Baller one dollar bills...

Yep. Pretty hard to do that here in Canada. A lot of people would end up maybe hospitalized. lol