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Under liberal, Canada's debt level now highest in the developed world


Rod

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Just now, Arctic Cat Destroyer said:

:lol: I hate socialists. Canadians are socialists. How much is a case of beer going for up there? That's enough to hate socialism right there. 

 

Dont drink...simple solution.

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1 hour ago, Arctic Cat Destroyer said:

Just an example. Everything in Canada is more expensive. Canadians are idiots... :bc:

 

Americans had Trimp and Hillary as their presidential candidates....

Now which country are idiots? :news:

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On 2017-11-25 at 10:51 AM, 02sled said:

Don't forget some other critical factors such as cost of living and exchange rate. An average house in Toronto is now $775,500.00. The average rent for a one bedroom is $1776.00. Gas is $1.22 per litre or $4.61 per US gallon. Thanks to Trudope we are now the most indebted country in the world. Then of course we have Trudope to contend with. How does that stack up compared to where you are in the US?

So in two years we suddenly cranked up the debt?  That didn’t happen under Harper? Consumers haven’t been cranking on the debt because of such low interest rates?

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On 2017-11-25 at 10:51 AM, 02sled said:

Don't forget some other critical factors such as cost of living and exchange rate. An average house in Toronto is now $775,500.00. The average rent for a one bedroom is $1776.00. Gas is $1.22 per litre or $4.61 per US gallon. Thanks to Trudope we are now the most indebted country in the world. Then of course we have Trudope to contend with. How does that stack up compared to where you are in the US?

What are the costs I. New York or LA?  

What is that Size of the average house in each place?  

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1 minute ago, revkevsdi said:

So in two years we suddenly cranked up the debt?  That didn’t happen under Harper? Consumers haven’t been cranking on the debt because of such low interest rates?

Pretty much sums it up. Harper was navigating through a global recession. There was a spike in 2008 when globally markets went into melt down. After that debt and spending was trending down. Now bring in Trudope.... no recession to counteract but he sure likes to throw around the money without any tangible benefit or impact. When we were navigating Canada through the global recession Canada fared far better than others.

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9 minutes ago, revkevsdi said:

So in two years we suddenly cranked up the debt?  That didn’t happen under Harper? Consumers haven’t been cranking on the debt because of such low interest rates?

Yes they spent due to low interest tates and Trudeau is on record saying just that.

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5 minutes ago, revkevsdi said:

What are the costs I. New York or LA?  

What is that Size of the average house in each place?  

Toronto population 2.8 million

Los Angeles population 3.6 million average house price $570,000 - much larger city and houses about 25% less

New York population 8.5 million average house price for Brooklyn $788,000 (about the same as Toronto but a MUCH larger city) average price for Queens $452,000 (far less than Toronto.

Not quite comparing apples to apples is it.

Let's through Dallas / Fort Worth into the mix. Population 7.2 million  average home price $217,000

Something a little closer to the size of Toronto - Houston population - 2.3 million average house price $261,300

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13 minutes ago, 02sled said:

Toronto population 2.8 million

Los Angeles population 3.6 million average house price $570,000 - much larger city and houses about 25% less

New York population 8.5 million average house price for Brooklyn $788,000 (about the same as Toronto but a MUCH larger city) average price for Queens $452,000 (far less than Toronto.

Not quite comparing apples to apples is it.

Let's through Dallas / Fort Worth into the mix. Population 7.2 million  average home price $217,000

Something a little closer to the size of Toronto - Houston population - 2.3 million average house price $261,300

Did you take into account the exchange rate?  Compare 572 us to775 cdn. 

Then check the population of the greater Toronto area. 

 

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2 minutes ago, revkevsdi said:

Did you take into account the exchange rate?  Compare 572 us to775 cdn. 

Then check the population of the greater Toronto area. 

 

You want to start doing all that have at it. Houston to Toronto where the cities are comparable in size you don't even have to think about the exchange rate. $260K compared to $775K. No comparison.

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26 minutes ago, 02sled said:

You want to start doing all that have at it. Houston to Toronto where the cities are comparable in size you don't even have to think about the exchange rate. $260K compared to $775K. No comparison.

The exchange rate is a fairly easy comparison for most people. X 1.275

metro Toronto is 6 million and growing.  It’s the 4th largest city in North America.  Which is why it did the New York and LA comparison  

 

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1 hour ago, 02sled said:

Pretty much sums it up. Harper was navigating through a global recession. There was a spike in 2008 when globally markets went into melt down. After that debt and spending was trending down. Now bring in Trudope.... no recession to counteract but he sure likes to throw around the money without any tangible benefit or impact. When we were navigating Canada through the global recession Canada fared far better than others.

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Which makes the media question why, if the economy is so good, is he still spending like a crack head...

because if he stops spending we will go back into a recession 

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38 minutes ago, revkevsdi said:

The exchange rate is a fairly easy comparison for most people. X 1.275

metro Toronto is 6 million and growing.  It’s the 4th largest city in North America.  Which is why it did the New York and LA comparison  

 

Metro Toronto is just Toronto since the amalgamation of the likes of Etobicoke, North York and Scarborough years ago. They now comprise part of the total population of Toronto. I believe you are thinking the Greater Toronto area which includes Oakville Mississauga, Markham and so much more. Houston and Toronto are indeed comparable in size.

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3 minutes ago, Rod Johnson said:

Which makes the media question why, if the economy is so good, is he still spending like a crack head...

because if he stops spending we will go back into a recession 

Wrong...

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On 2017-11-25 at 10:56 AM, Arctic Cat Destroyer said:

Just an example. Everything in Canada is more expensive. Canadians are idiots... :bc:

 

I’ve challenged people to do an accurate comparison.  You need the include total tax burden and insurance premiums over a lifetime. End of life costs etc. 

Paying low taxes when you are 40 doesn’t mean much if a heat attack takes everything you own.

When you compare housing costs to be fair you would want to compare people who live in gated communities in the US with normal housing in Canada. 

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