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02-05-2013, 03:19 AM
  #24
XX
Avoiding the Cap
 
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Join Date: Dec 2002
Location: Since 2015
Country: United States
Posts: 34,105
vCash: 500
Quote:
Originally Posted by Thomas L View Post
Didn't read the article, but part of the driver in Canada has been a boom in personal debt and associated consumption. Personal debt levels inCanada have hit record levels and are in fact higher than they were in America prior to the crash.

It's gotten so high that the major Canadian banks credit ratings were just cut on fears of bad debt.

http://www.theglobeandmail.com/globe...rticle7910438/
The largest housing bubble in the world exists in Canada. It has to end sometime. I don't think any NHL teams are in trouble, but this sort of spending ins't sustainable. People in Vancouver are spending 83% of their income on housing.

Quote:
Originally Posted by Hockey Team View Post
Ridiculous article.

If the fans paying for the tickets felt they were getting ripped off they wouldn't buy the tickets.
The 'fans' buying the tickets in these cases are upper echelon. Tickets are out of reach for many.

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