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Showing posts from August, 2024

The On-coming Canadian Housing Market Crash

 It seems inevitable now. What was propping up Canadian housing prices even through the worst of housing market crashes elsewhere were banking rules forcing Canadian banks to keep 100% coverage and investors fleeing into Canadian housing when all else was failing. The latter however now is ready to give. Canadian banks will likely be fine due to well-enforced banking rules, but the housing investors are done for. They've driven up prices so high in Vancouver and other Canadian cities that once the homes begin losing value, that'll be that. Value will sink like a stone into water and trillions of dollars will vanish overnight. Three quarters of the economy, at least. And that's probably the conservative estimate. There is exposure everywhere by a great many players of this financial game. All interconnected with a great many of these companies playing at being investment companies the same way Mom and Pop investors play at the game: without clue and context that they're