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newtone said:
I dont think there is any recession in Canada, atleast not in Ontario, look around you, average house price about $350,000-$400,000. For someone to afford a house in that range, assuming a bank provides a loan of 3 x your income. So people are making atleast $120,000. So I dont think there is any recession in Canada or for that matter Ontario. We are doing great under the blessings of Dalton McGuinty, its another story that the rich are getting richer and poor are getting poorer, but thats everywhere regardless of recession.

You can be making under $100K and still qualify to purchase a $350K - $400K house. I know many people/familes who have. Not say this is the right thing to do from a personal finance standpoint. But many are doing it.
 
risky said:
Hello guyz !Could someone give some information about cash in hands jobs in canada. . what is wage rate for cash in hand and what kind of jobs available mostly in toronto.

THANX !

i agree with baloo
 
newtone said:
I dont think there is any recession in Canada, atleast not in Ontario, look around you, average house price about $350,000-$400,000. For someone to afford a house in that range, assuming a bank provides a loan of 3 x your income. So people are making atleast $120,000. So I dont think there is any recession in Canada or for that matter Ontario. We are doing great under the blessings of Dalton McGuinty, its another story that the rich are getting richer and poor are getting poorer, but thats everywhere regardless of recession.

The recession is real, in Ontario it is the elephant in the room.
Why do you think that over 50,000 jobs were lost recently?

FWIW Banks are providing far more than 3 x salary, I know some people who will not be able to hold on to their property when interest rates rise.

Also note - Flaherty to cut EI hike as deficit targets slip.

http://www.cbc.ca/news/politics/story/2011/11/08/pol-flaherty-economic-update-ei.html

That is a sure sign that recession is here.