BMO senior economist Robert Kavcic says there's a 'pretty significant' risk that the Canadian economy will fall into a recession in 2023.
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fix the housing, 200k homes for all. recession is already here.
@Hyperpandas explain the logic: 50 yr old wooden house in canada 1 million , solid brick house in italy 30 k
@andy D Supply and demand. It’s not that complicated.
You can easily find a 200k home on any Canadian hardware store
@andy D Further to my point, take a look at what 200k will get you in Winnipeg vs Vancouver. Why? Again, supply and demand.
Land value… look at Bc assessments and you see land at $1.5 but the house is only worth $30k
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he’s active with this ＋𝟭𝟵𝟭𝟱𝟮𝟬𝟵𝟭𝟭𝟱𝟱 currently
He’s is active on What’s Apk 👆🏻👆🏻.
This guy actually knows what he’s talking about….
LOL handicap it at 50 or 60%
We are in a recession now.
We are forced to increase our profit from all the free debt we handed out last two years
I expect 7% in june 2023…….
Lol
You get what you vote for.
A 20% country wide HST would be less destructive to the economy
Thank you Robert very helpful news. Personally I have been on recession for the past 10 years so I’ll be alright. Merry Christmas and a Happy New Year everyone
Remember that, technically speaking, the entirety of human existence has lasted for ‘years’.
Of course they will. Just imagine how much more money the banks will be making. Go on, imagine it. Now get back to stressing about your bills.
i had forgotten there is a whole generation who have not experienced a serious recession before.