THIS is the ONLY THING Keeping the Canadian Economy From A Complete Meltdown!

in dtube •  7 years ago 


Why have Canadian real estate prices been kept artificially high for so long? Why has the central bank not reacted accordingly? There’s has been no policy implemented since before the financial crisis to act according to the fundamentals. Unless, we presume that the information we have been provided isn’t quite the truth.


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Sources Used in This Video:
https://goo.gl/UpprQe

Canadians Are Using Second Mortgages To Avoid Bankruptcy | Better Dwelling
https://betterdwelling.com/canadians-using-second-mortgages-avoid-bankruptcy/
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Bowing to his master...

I'm just going keep renting my cheap apartment and save my money so when these over extended home owners all start defaulting on their mortgages and the housing market collapses I will be able to buy a house. Maybe even in Toronto!
Canadians are pretty irresponsible with the debt, when oil market collapsed all these people here in Alberta had RV's and boats and snowmobiles etc, just like big toys they now had to make payments on and they got laid off. People are bad at preparing for slowdowns.

I made that comment and still havent watched your video, I just had to comment on those graphs will watch and upvote

True. And the longer this build up, the worse it will be.

Why have Canadian real estate prices been kept artificially high for so long? Why has the central bank not reacted accordingly? There’s has been no policy implemented since before the financial crisis to act according to the fundamentals. Unless, we presume that the information we have been provided isn’t quite the truth.

Luar biasa kawan...bikin aku iri dengan postingan anda

Are you saying the government uses smoke and mirrors to hide the truth? LOL Global debt is unsustainable as you point out regularly. No way out of the fraudulent debt based monetary system. I have been getting out of debt for some time now. Silver and crypto's is my plan B

Great work. We all need to get this debt off our backs.

I agree 100%. Love your video's!

Here in Belgium we are on the same course. Housing prices keep on rising, no correction in 2008... Private debt is exploding and our government just extends this by giving lenders tax-cuts! This is a bubble that is going to pop in a very ugly way

Exactly. This cannot be sustained and people are unfortunately piling up the debt. Big mistake.

A little love from utah bro. I try and upvote alot of your post. But i don't have a ton of steem power yet!