What do you think about the canadian economy, how is
it going to do during the coming depression in USA?
Are house prices going to drop up here as well and
are we to experience hyperinflation due to closeness
of our countries?
Hyperinflation is largely a function of money supply. As long as a bunch of Canadian dollars aren’t printed out of thin air, that shouldn’t be on the horizon.
Housing prices falling depends on how many houses were bought by people who cannot really afford them and/or by people who bought only intending to pass the house on to the next sucker. If there are very few of both those types, there is no reason for prices to fall.
Unless life in the USA will seem so good to Canadians when we experience a depression that they wil flock here in droves, lowering the demand for housing in Canada. For some reason, this strikes me as unlikely.
The people living in Canada should be in very good shape assuming their government does the right things instead of doing the same things as the government of the USA. In otherwords, the government of Canada simply has to not create money at anything close to the rate of the USA and let the Canadian currency go up massively in value relative to the US dollar. As things get worse in the USA, things will get much less worse in Canada and when the USA bottoms out, the folks in Canada should have a field day buying all kinds of things like Florida realestate, US production technology and the like at absolutely bargain basement prices.
Look at what the folks in Switzerland are doing? They have the whole Eurozone as one big playland. Look at what the folks in SIngapore are doing, they are about to have the same deal in Japan and the USA.
Mark Carney = Ben Bernanke
Canadian housing policy = American housing policy
It really is that simple.