Tech layoffs are bullish for Canadian housing

1. I’m saying this as a bear that is hoping for prices to go down.

People don’t understand that Canada is the offshoring position, we do not create companies here. When layoffs happen in the USA to reduce costs, this means that those jobs come to Canada

Amazon laid off 30k people in the USA, but the impact to Canada was almost nothing, in fact they are increasing their hiring to Canada, just this morning I got an Amazon reucirter asking me to interview for an SDE3 position in Vancouver

The Amazon office in Toronto and Vancouver and Montreal are some of the fastest growing offices outside the USA.

The more that USA companies need to cut costs the more jobs will come to Canada, we basically have the same talent but at a lower cost.