FSW WORLDWIDE

[iSaidGoodDay]

https://economictimes.indiatimes.com/nri/study/canada-may-begin-capping-international-students-as-system-spirals-out-of-control/articleshow/106826228.cms?from=mdr

They are not capping anything, unless they cap it to 50k study permits per year - which is where genuine students belong. Anything else is just a pretend show. They are still talking about high 500k-700k/yr numbers. Which will still bring in minimum wage workers and will let this dumb LMIA money making machine go further. They are openly talking about how significant caps will push Canada into recession and how they need TFWs.

At best, this govt is publishing two stories, targeting two different voter bases.

 

[GandiBaat]

Lowering immigration now on mainstream news headliens: CBC, GlobalNews, CTV. Anti-immigration sentiment against immigrants sky high. Scores going from 450+ to 520+average since 2019. Canadian immigration has changed alot

@GandiBaat Remember you kept posting some poll with 60% canadians wanting more Immigration.
https://www.thestar.com/news/canada/there-s-going-to-be-friction-two-thirds-of-canadians-say-immigration-target-is-too/article_7740ecbd-0aed-5d36-b5da-b67bda4a13c5.html

Aged like rotten milk

Public opinion. Turns on a dime.
Give it some time and they will be blaming conservatives for being extremely racist or some unknown americans social infiltration responsible for racists outbreak in Canada.
If the house valuation drops, they will be out yelling bloody murder and how their "hard earned" money was stolen from them by racists.

Remember, the same folks were blaming non mask wearers to be responsible for ending the humanity as we know it and now yelling how lairs have kept them in dark.

 

[GandiBaat]

He was putting the blame on provinces when the federal IRCC issued those visas, can't these people even count?

They can.... when its helpful for them.

 

[GandiBaat]

They are not capping anything, unless they cap it to 50k study permits per year - which is where genuine students belong. Anything else is just a pretend show. They are still talking about high 500k-700k/yr numbers. Which will still bring in minimum wage workers and will let this dumb LMIA money making machine go further. They are openly talking about how significant caps will push Canada into recession and how they need TFWs.

At best, this govt is publishing two stories, targeting two different voter bases.

Yup! Just like their foreign property buyers taxation with exemptions and loop holes the size of pacific ocean. very canadian.

 

[GandiBaat]

I bet that the other 1/3rd are home owners looking to milk their properties as much as possible.

Other way round. 2/3rd own houses. Its more like its unfashionable right now to support immigration because "it hurts poors! OMG". The moment rental demand crashes, you will see pitch forks out with home owners crying bloody murder.

 

[Impatient Dankaroo]

Other way round. 2/3rd own houses. Its more like its unfashionable right now to support immigration because "it hurts poors! OMG". The moment rental demand crashes, you will see pitch forks out with home owners crying bloody murder.

Rents might go down but house values never will. In the case of overleveraged mortage owners defaulting, good.

 

[GandiBaat]

Rents might go down but house values never will. In the case of overleveraged mortage owners defaulting, good.

Actually it looks like the other way around right now... In Victoria, my own place's Assessment is down by 150K. Rents are still booming. If the temp workers / student supply dries up, rent will go down as well.

 

[GandiBaat]

For sure, but I'm confident that I'm not going to face a renoviction, at least not yet, as I said the unit is still relatively new (<2 yrs old). If the unit had been 7 years old or more, I would have been preparing to adjust my budget based on current rental rates.

Yeah. That said 7 years does not even cut it. In Vancouver there are rental buildings from 1900. I believe one called Barclays house is very old. Some need entire balcony to be replaced. So yeah, for a lot of folks it can be an issue.

 

[Lord_Tony]

Actually it looks like the other way around right now... In Victoria, my own place's Assessment is down by 150K. Rents are still booming. If the temp workers / student supply dries up, rent will go down as well.

Same GTA also prices have dropped by 10% or so last 18 months but are now stabilized. but rents have gone up 25% more., still rising.

 

[GandiBaat]

Same GTA also prices have dropped by 10% or so last 18 months but are now stabilized. but rents have gone up 25% more., still rising.

Very common in low supply places like GTA/Vancouver. It reminds me of 2008 : Rents around NYC were still booming while prices were crashing.

 

[Impatient Dankaroo]

Trump is back boys @RSub @PRANIT01 @Windsor37 Still moving US if he wins?

 

[abhiram.kumar]

It's hilarious to see the liberals in complete despair trying to fix the damage they did in 8 years. Now, after denying last fall there would be a cap on intl student visas, Marc Miller has reversed that position and said he is actively looking at a cap lol. It's also pathetic that the government, which should be comprised of "experts" to advise them, is only now realizing the tragedy they created in the immigration system when "laymen" like ourselves in this forum have been pointing it out for years.

Lol I predicted this outcome! Canada is extremely ripe for a hard turn to the right and even far right. Conservatives are under cruise control. The liberals took a well functioning immigration system and turned it into a complete failure. That’s how incompetent these fools are. I predict no one is ever going to elect these guys for another 8 years. International students and TFWs are going to get turfed. RE will collapse because interest rates won’t go back to even pre pandemic levels.

 

[abhiram.kumar]

Other way round. 2/3rd own houses. Its more like its unfashionable right now to support immigration because "it hurts poors! OMG". The moment rental demand crashes, you will see pitch forks out with home owners crying bloody murder.

Contrary to what people believe, economic cycles are not under the control of governments or home owners. They are determined by market forces. All bubbles burst eventually and it’s not a question of if but when. All market conditions point towards a deleveraging cycle in Canada so it’s already in crash territory. Economics 101, what goes up will eventually come down.

 

[abhiram.kumar]

Trump is back boys @RSub @PRANIT01 @Windsor37 Still moving US if he wins?

If he wins, the damage it’s going to do to the unity of the US, is going to be massive. I don’t think the US will ever recover from that. It’s a sad thing because even among the Republican Party, there are better candidates than him. I can’t imagine what Trump supporters see in the guy? He’s an A grade scumbag who’s only in it for the limelight it provides him. He’s the right wing version of Trudeau. Narcissistic to the core and will spout garbage to get elected and rile up certain segments of the population. What I feel is that if Trump is against Biden, there’s no way he’s going to win because the independent voters hate Trump. If it’s Biden against any one else, Biden probably gets destroyed.

 

[seadrag0n]

Lol I predicted this outcome! Canada is extremely ripe for a hard turn to the right and even far right. Conservatives are under cruise control. The liberals took a well functioning immigration system and turned it into a complete failure. That’s how incompetent these fools are. I predict no one is ever going to elect these guys for another 8 years. International students and TFWs are going to get turfed. RE will collapse because interest rates won’t go back to even pre pandemic levels.

I highly doubt that any politician has the spine to do anything drastic Conservative or Liberal, I guarantee that nothing significant will happen. The so called "experts" on the news are already sounding alarm bells saying that the economy will slip into a recession if immigration is stopped in a big way.