How Rising Interest Rates and MASSIVE DEBT Will Destroy the Canadian Real Estate Market!

Canadians have been consuming like their American counterparts. Only one issue is that Canada didn’t see the deleveraging that occurred during the Financial Crisis. It has been full steam ahead the entire time. That’s great news many will say. Well, no coincidence, I happen to disagree. The amount of debt that Canadians are carrying is the worst ever in history. No worries though since this time is different, right?

Canada Household Debt-to-Income Ratio Holds Near Record High
https://www.bloomberg.com/news/articles/2018-03-15/canada-household-debt-to-income-ratio-holds-near-record-high
1800x-1.png (1800×1012)

canada household debt.jpg (508×367)

canada housing prices.jpg (497×362)

Cracks ‘Starting to Show’ in Canadian Credit Quality, RBC Says - Bloomberg
https://www.bloomberg.com/news/articles/2018-04-09/cracks-starting-to-show-in-canadian-credit-quality-rbc-says-jfsmzpqs
Construction Boom Drives Canadian Jobs Gain Beyond Expectations - Bloomberg
https://www.bloomberg.com/news/articles/2018-04-06/canada-adds-more-than-expected-jobs-in-march-on-construction
Subprime mortgages morph into 'non-prime' loans—and demand soars
https://www.cnbc.com/2018/04/12/sub-prime-mortgages-morph-into-non-prime-loans-and-demand-soars.html
Property Search
https://www.realtor.ca/Residential/Map.aspx#CultureId=1&ApplicationId=1&RecordsPerPage=9&MaximumResults=9&PropertySearchTypeId=1&TransactionTypeId=2&StoreyRange=0-0&BedRange=0-0&BathRange=0-0&LongitudeMin=-79.40971038424226&LongitudeMax=-79.38586018168184&LatitudeMin=43.70275020831655&LatitudeMax=43.71221982956204&SortOrder=A&SortBy=1&viewState=m&Longitude=-79.4471272&Latitude=43.9128694&CurrentPage=1&ZoomLevel=17&PropertyTypeGroupID=1