Why the Canada Real Estate CRASH Will Cause the BIGGEST CRISIS Since 1930’s!

I don’t care how many people disagree with this information. It’s the truth. And the truth hurts sometimes. Get over it.

Canadian real estate has allowed Canadians to make incredible profit by extracting the value of the home in the form of a HELOC (Home Equity Line of Credit). Coupled with extremely low interest rates and mortgage rates, you have a recipe for maximal debt expansion. Give people the ability to borrow money, and they most certainly will. This of course historically has never ended well and this time will be no different.
 
Canada Interest Rate | 1990-2017 | Data | Chart | Calendar | Forecast
tradingeconomics.com/canada/interest-rate
Best Mortgage Interest Rates – Find Today’s Lowest Variable & Fixed Rates
www.ratehub.ca/best-mortgage-rates
‘The worst is still to come’ as national home price index falls in September | Toronto Star
www.thestar.com/business/real_estate/2017/10/12/the-worst-is-still-to-come-as-national-home-price-index-falls-in-september.html
Canadian equity roundtable: Part 3 | Sonita Horvitch | Encounter | Morningstar
cawidgets.morningstar.ca/ArticleTemplate/ArticleGL.aspx?culture=en-CA&SAL=false&id=828047
Canada’s big housing markets in ‘Goldilocks moment’: Royal LePage – Business – CBC News
www.cbc.ca/news/business/real-estate-royal-lepage-1.4351590
#1909 -2191 YONGE ST, Toronto, Ontario   M4S3H8 – C3946393 | Realtor.ca
www.realtor.ca/Residential/Single-Family/18718686/1909–2191-YONGE-ST-Toronto-Ontario-M4S3H8-Mount-Pleasant-West
With twice the debt of California, Ontario is now the world’s most indebted sub-sovereign borrower | Financial Post
business.financialpost.com/news/economy/with-twice-the-debt-of-california-ontario-is-now-the-worlds-most-indebted-sub-sovereign-borrower
Drowning in debt is the new normal in Canada – Macleans.ca
www.macleans.ca/news/canada/drowning-in-debt-is-the-new-normal-in-canada/
Is There a Housing Bubble in Toronto?
www.jeffreyteam.com/is-there-a-housing-bubble-in-toronto/

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