Yes, the economy is collapsing under the weight of taxes and government inflation. I have noticed an incredible decline in tenants who can qualify for a rental. How can you rent if you don’t have a job???
The students are the driving force for Canada’s universities and economy now. We need more foreign students to fuel this economy.
Our universities and colleges rely on foreign students to pay the high tuition rates in order to pay the professors. There aren’t that many Canadian students on the campus. Just look around the campuses.
Before, it was real estate that fuelled the economy; real estate has now stalled and is practically dead.
We are in a full blown depression that no one wants to talk about. I’ve been in business since 1982, and I have never seen what is happening now before. There is no hope to get out of this quagmire. We have all lost hope for the Canada we once knew.
Maria Rekrut Editor-in Chief of Real Estate Media News Network
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