Canada Real Estate Bubble Will POP! Sales Drop 16%, Mortgage Rates Rise, RECORD HIGH Debt!

Do you think real estate prices will rise into 2019?

This is a video I’ve been working on for a while. It was long (as usual) but I hope you appreciate it.

Just look at where real estate has gone. Prices now are literally unaffordable to the masses. When the general public is allowed to take on a mortgage so massive, they can’t actually pay it back, what do you think will happen? In the U.S. in 2007, we found out what happens when you overextend yourself. Interest rates today are rising and that’s putting unbelievable pressure on homebuyers who hold massive levels of debt. This is going to get ugly.

Canadian Home Sales Down 16% year over year in May

http://vancitycondoguide.com/canadian-home-sales-may/

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http://vancitycondoguide.com/wp-content/uploads/2018/06/Year-over-Year-Change-in-Home-Sales-May.png

Year-over-Year-Change-in-Inventory-May.png (600×371)

http://vancitycondoguide.com/wp-content/uploads/2018/06/Year-over-Year-Change-in-Inventory-May.png

Bank of Canada raises qualifying mortgage rate after Big Six banks hike rates | Financial Post

http://business.financialpost.com/real-estate/mortgages/central-bank-raises-key-metric-used-to-determine-mortgage-eligibility

Doug Ford was right: Toronto housing won’t be affordable unless we develop the Greenbelt | Financial Post

http://business.financialpost.com/opinion/doug-ford-was-right-toronto-housing-wont-be-affordable-unless-we-develop-the-greenbelt

Toronto housing sales slump in weakest start since 2009 recession | Financial Post

http://business.financialpost.com/real-estate/toronto-housing-sales-are-off-to-weakest-start-since-2009