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Originally Posted by noclue
IMO I don't think Vancouver will suffer too much in regards to single family homes. Condo's on the other hand...
4444 would love to hear your thoughts about the swiss franc explosion and the effect on the Eurozone. 1 Euro is 1.16USD wow.
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being pegged at artificially low valuation was a risk and is only a short term measure.
Swiss know that EU will print, they couldn't follow suit to further devalue the Franc, they had to unpeg from the Euro and now we see the true value of the Franc.
It may be on Thursday that clues or even full announcement of Euro money printing happens - Euro will weaken further, though know that it is already priced into the Euro - but more will come.
It's not just about Euro weakness, it's also a lot to do with US strength, US CAD about 1.20, Euro US in 1.16 range - i don't see a reversal anytime soon.
If I may be so forward to give some advice (and advice/opinions are like arseholes, we all have them) - stay diversified, in both investments and currencies. A long time ago I decided that I wanted to own Euros, Yen, Sterling, US and Cdn - so I invest accordingly. This produces a natural hedge.
To speak directly to the Cdn consumer market, I import and sell a good into Canada, my cost is in USD, I price based on the Cdn equivalent. I recently raised prices 20%. This cost will eventually work its way to the prices paid at the till, goods will get more expensive in Canada.