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

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.

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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe

Canadian Home Sales Down 16% year over year in May
http://vancitycondoguide.com/canadian-home-sales-may/
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Year-over-Year-Change-in-Inventory-May.png (600×371)

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
Moody’s just downgraded Ontario’s financial outlook to ‘negative’ | Financial Post
http://business.financialpost.com/news/economy/ontario-government-financial-outlook-changed-to-negative-moodys
Stop blaming mortgage stress tests for killing the housing market - The Globe and Mail
https://www.theglobeandmail.com/investing/personal-finance/household-finances/article-stop-blaming-mortgage-stress-tests-for-killing-the-housing-market/
From ‘barely surviving’ to thriving: Ontario basic income recipients report less stress, better health | The Star
https://www.thestar.com/news/gta/2018/02/24/from-barely-surviving-to-thriving-ontario-basic-income-recipients-report-less-stress-better-health.html
'I trusted him with my money': Woman says broker 'churns' her account, rakes in over $250,000 | CBC News
http://www.cbc.ca/news/canada/british-columbia/financial-advisor-earns-quarter-million-in-commissions-1.4328616
2018-06-22 (1).jpg (890×467)

2018-06-20_7-08-24.jpg (890×464)

U.S. Home Prices at Least Affordable Level Since Q3 2008 - ATTOM Data Solutions
https://www.attomdata.com/news/market-trends/home-sales-prices/q2-2018-u-s-home-affordability-report/