Why the Canada Real Estate CRASH Will Cause the BIGGEST CRISIS Since 1930’s!
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.
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Sources Used in This Video:
https://goo.gl/UpprQe
Canada Interest Rate | 1990-2017 | Data | Chart | Calendar | Forecast
https://tradingeconomics.com/canada/interest-rate
Best Mortgage Interest Rates - Find Today's Lowest Variable & Fixed Rates
https://www.ratehub.ca/best-mortgage-rates
‘The worst is still to come’ as national home price index falls in September | Toronto Star
https://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
http://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
http://www.cbc.ca/news/business/real-estate-royal-lepage-1.4351590
#1909 -2191 YONGE ST, Toronto, Ontario M4S3H8 - C3946393 | Realtor.ca
https://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
http://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
http://www.macleans.ca/news/canada/drowning-in-debt-is-the-new-normal-in-canada/
Is There a Housing Bubble in Toronto?
https://www.jeffreyteam.com/is-there-a-housing-bubble-in-toronto/
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