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View Full Version : June insolvencies increase 7.1% over May

trent
08-25-2010, 02:36 PM
Another piece of great economic news:

http://www.cbc.ca/money/story/2010/08/24/bankruptcy-statistics-june.html
Canadian
08-31-2010, 02:35 PM
We have seen nothing yet! Just wait until "the house as ATM" game is over and then you'll see some really ugly Canadian bankruptcy numbers. I give it 3-4 months at most...
bullish
10-19-2010, 04:38 PM
We have seen nothing yet! Just wait until "the house as ATM" game is over and then you'll see some really ugly Canadian bankruptcy numbers. I give it 3-4 months at most...

It's been 2 months since your post and the Canadian housing market is still on fire. Keep on dreaming about correction...
trent
10-26-2010, 07:42 PM
It's been 2 months since your post and the Canadian housing market is still on fire. Keep on dreaming about correction...

The Canadian housing market is hardly on fire, and is actaully just starting a devastating multi-year decline.
bullish
11-02-2010, 03:47 PM
Just wait for TREB numbers for October later today. I'm betting on another all time high average price for Toronto :).
trent
11-16-2010, 05:02 PM
Just wait for TREB numbers for October later today. I'm betting on another all time high average price for Toronto :).

Well this didn't happen, did it? The fact that October avergae price didn't surpass the May 2010 top is a very bad sign for Toronto real estate. It's all downhill from here.