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​The bigger influence on Canadian real estate values will be the next decade of our reactions to the exponential growth in climate problems ("very high confidence") global migration pressures and the inevitable expansion towards technological solutions and a new generation of research and development; a new generation of critical thinking.  ​“A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it.” that is, "Science advances one funeral at a time" Max Planck 1949

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1. Our Globally Changing Climate
KEY FINDINGS

1. The global climate continues to change rapidly compared to the pace of the natural changes in climate that have occurred throughout Earth’s history. Trends in globally-averaged temperature, sea-level rise, upper-ocean heat content, land based ice melt, and other climate variables provide consistent evidence of a warming planet. These observed trends are robust, and have been confirmed by independent research groups around the world. (Very high confidence)
   
   
2. The frequency and intensity of heavy precipitation and extreme heat events are increasing in most regions of the world. These trends are consistent with expected physical responses to a warming climate and with climate model studies, although models tend to underestimate the observed trends. The frequency and intensity of such extreme events will very likely continue to rise in the future. Trends for some other types of extreme events, such as floods, droughts, and severe storms, have more regional characteristics. (Very high confidence)
   
   
3. Many lines of evidence demonstrate that human activities, especially emissions of greenhouse gases, are primarily responsible for the observed climate changes in the industrial era. There are no alternative explanations, and no natural cycles are found in the observational record that can explain the observed changes in climate. (Very high confidence)
   
   
4. Global climate is projected to continue to change over this century and beyond. The magnitude of climate change beyond the next few decades primarily on the amount of greenhouse (heat trapping) gases emitted globally and the sensitivity of Earth’s climate to those emissions. (Very high confidence)
   
   
5. Natural variability, including El Niño events and other recurring patterns of ocean-atmosphere interactions, have important, but limited influences on global and regional climate over timescales ranging from months to decades. (Very high confidence)
   
   
6. Longer-term climate records indicate that average temperatures in recent decades over much of the world have been higher than at any other time in the past 1700 years or more. ( High confidence)

​1.1 Introduction
Since the Third U.S. National Climate assessment (NCA3) was published in May 2014, new observations along with multiple lines of evidence have strengthened the conclusion that Earth’s climate is changing at a pace and in a pattern not explainable by natural influences.

​Swedish climate activist Greta Thunberg chastised world leaders Monday, Sep. 23, for failing younger generations by not taking sufficient steps to stop climate change. "You have stolen my childhood and my dreams with your empty words," Thunberg said at the United Nations Climate Action Summit in New York. "You're failing us, but young people are starting to understand your betrayal. The eyes of all future generations are upon you. And if you choose to fail us, I say we will never forgive you," she added. Thunberg traveled to the U.S. by sailboat last month so she could appear at the summit. She and other youth activists led international climate strikes on Friday in an attempt to garner awareness ahead of the UN's meeting of political and business leaders.
PBS NewsHour Sep 23, 2019

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The charts from visualcapitalist.com show the global breadth and momentum increase in Chinese shipping. In 2006, only 3 of the top 10 ports were located in China. In 2019 that ratio grew to 7/10. Canada does not have any ports in the top 20 and according to 2015-16 StatsCan Data "the Chinese fleet, national & foreign flag combined, is ranked 3rd in terms of dead weight tonnage. Canada is ranked 29th." A conversation with a neighbour inspired this post.  Among other projections, the Neighbour thought that Canada is due for a big increase in manufacturing volume. I countered that thought with the reality of my chart on Household Debt which includes a plot of Federal Direct Investment which clearly shows that FDI has been negative for the last 20 years and the spread between investment into and out of Canada has grown much wider in the last 3 years to 2018 year-end. That's a solid trend. We Canadians in less than a generation have become dependable and dependent (on China) consumers.

From: mortgagebrokernews.ca Sept 16, 2019

The Credit Counselling Society also reported that on average, Canadians are carrying a debt load of $30,000 each – far above the $12,000 level just 20 years ago.

“Canadians continue to rely on their credit cards or lines of credit to supplement costs of living,” CCS president Scott Hannah said.

“If the economy continues to slow amidst trade tensions and other factors, Canadians need to prepare now for a potential recession in the future.”

Hannah also cited the latest survey of employed Canadians by the Canadian Payroll Association, which found that 1 in 3 consumers currently hold credit card debt, and 38% will need more than a year to pay off said debt.

Additionally, 1 out of 3 Canadians indicated that their debt loads have increased since last year, and that they are spending more than their net income. As much as 43% are forced to live paycheque to paycheque, while fully 83% confessed anxiety over growing daily living costs.

“We are not surprised by these latest statistics, as we continue to hear from Canadians, who are having difficulty managing their rising debt levels and how to effectively manage the increasing costs of living without relying on credit,” Hannah stated.