Autoputzer is basically correct. Canadians got a good taste of reality in the last two years. Per capita credit loading in an attempt to sustain their standard of living has been increasing at too fast a rate. To sustain a consumer based economy. Credit is almost being force fed into the consumer based economic system currently. Like I have never seen before. Historically Canadians have carried heavier per capita debt loadings than Americans.

New car sales have declined. I have been watching for any signs of credit saturation or people starting to think. Inflation and pretty static wages have been a major cause of this. Home ownership has been priced out of reach for far too many alone. In several areas of Canada.

Rents have also increased plus the newer cost of food now has hurt many substantially in Canada. People that had been living paycheck to paycheck are filling in the difference with more credit use I suspect. Or actively reducing their standard of living. Both senarios amount to the same thing.

I look at our purchases in the last year. A used Volkswagon diesel Passat buy back assembled in America from other countries parts . A heat pump and a new larger television made in Asia. Just about all other incidental items from there as well. Only food, utilities, fuel, and insurances where supplied by north American producers. With some concerns about the source of fuels in our region.

I have been suggesting to young people locally. Buy a house now. As I see immigration into our area starting. I think prices will rise to average national costs quickly as a result. In response to supply and demand issues. They have been rising anyways.