CANADIAN HOUSING BUBBLE STARTING TO BURST! – Canada’s “New Century” Moment

Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about some serious new developments in Canada as the housing bubbles in Vancouver and Toronto among other cities begins to burst following what has been deemed Canada’s “New Century” moment.
Home Capital Group has seen a stock plunge of 60%, this as the Toronto and Vancouver real estate markets inflate to all time highs. Collateralized Debt Obligations (packages of bad mortgages with a couple good mortgages in order to rate them high) are seeing more light in recent times in Canada which is very reminiscent of what we saw in the United States in 2008 right as the bubble burst.
We also recently reported on BMO bundling bad mortgages as well which is a first in Canada.

As market manipulation gets steeper and steeper, there was no doubt this was eventually going to happen. This is the inevitable end of artificial markets. This is what happens when markets listen to government and central planning rather than individual demand.

Stay tuned as we continue to cover this as it no doubt drastically develops.

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Thore Stub Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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2017

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5 Comments

  • Alston Fernandez
    Reply

    where is it bursting . other than HCG going down ? canadians have lots of equity in their homes. canadian banks are well run

  • Jaime Boss
    Reply

    The Vancouver lawyer’s for the Criminal CMHC/CRM that deals with covering the Central banks corruption’s is Gowling WLG(Canada) LLP, Suite 2300, Bentall 5,555 Burrard street Vancouver BC V6C 2B5 Canada. Jonathan Ross and Andrew Bury are there main lyres. Forward questions to them, thou all questions I asked were virtually ignored despite them putting a lean on my house for $122,000. The reason CRM is a limited company is to manipulate job statistics among other things…

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