Canadian Housing Markets WILL CRASH! – This Is Why The Bubble Will BURST

Josh Sigurdson talks with author and economic analyst John Sneisen about the coming crash of many major Canadian housing markets as Canada is ranked the 3rd most riskiest housing market in the world.
According to the study by Oxford Economics, Canada’s 5 year price rise is at 33% while its overvaluation is 173% and housing credit/GDP is 71%. The only two countries beating Canada are Australia in second place and Sweden in first.
As we see the return of the collateralized debt obligations, mortgage backed securities, credit default swaps, reverse mortgages, subprime lending, we are inevitably going to see the results play out over again, but this time likely far worse.
With places like Toronto and Vancouver most notably feeling the results of unthinkably large bubbles as well as Victoria, Hamilton and a few other major cities and towns, there’s no doubt that this will not end well, it never has.
People believe their house is an asset, they don’t understand the highly speculative markets or where value truly comes from.

Interestingly, Canada was ranked among three countries earlier this year by the BIS most at risk of a banking crisis. As the banks are insolvent/bankrupt and we continue to see vast amounts of currency printing, inflation rising, interest rates rising, regulations piling on top of regulations and an absurd amount of taxes, this is the downfall of a society. It’s inevitable. One cannot put a date on the coming crash, we just know it’s going to happen and for that reason we must prepare ourselves. We must be self sustainable, independent, decentralized everything and rule ourselves.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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World Alternative Media
2018

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17 Comments

  • Judy Jetson
    Reply

    it’s already bursting. a 22 year low for home sales in Calgary and a 17 year low for sales in Vancouver. In the month of June Calgary had a record number of homes available for sale EVER. home sales in BC fell 26% in August

  • THAT RANDOM CHANNEL
    Reply

    Good Canada sucks you should abandon the socialist state. Come to America I’ll take you out shooting and you can join the Republic.

  • Matthew James
    Reply

    it isn’t the case so much that home prices are rising…but that the intrinsic value of the currency used to purchase said houses is tanking.

  • The Real McCoy
    Reply

    What happens when a debt bubble pops? It’s happening to countries all over the world. We’re at the beginning stages of this. The federal reserve papers over it, literally. The stock market will continue to rise, meanwhile the national debt goes up, not down. Money is pumped into the stock market to prop it up. The fed has us by the nuts. If they turn off the money supply, it will crash. If they keep injecting ?, it will crash the value of your money. It’s a zero sum game. And Democrats want higher taxes? Oh, that’ll help. Free healthcare? When it’s all said and done, your healthcare will be crap. Your college education will be worthless. Take care…

  • Rob Leese
    Reply

    Oh cmon, they will all crash once this collapse takes the full grip over the markets.
    However it wasn’t helped by the same wanker that’s now running the Bank of England, whom has made things real bad for the Canadians and just as bad for the British…
    one man – lots of damage with his incompetence of understanding that blowing bubble POP.. but that’s what happens when fools that think they are economists are running the show — just like with all central banks !

  • Kevin Clark
    Reply

    My house is paid for I am alright but I feel for the young families moving into the area. I pulled lots out of the bank for cash, PM reserves and back up supplies, next buy a cottage hopefully for few hundred ounces of silver.

  • Tpro 1115
    Reply

    NARAMATA WINE COUNTRY WHERE ALL THE BABYBOOMERS WANNA RETIRE HAS DROPPED RIGHT OFF….IT STARTED WITH ALL FORREST FIRE SMOKE FOR THE LAST HALF OF SUMMER BUT HAS DROPPED RIGHT OFF….I KNOW CUZ I LISTED MY HOUSE AND HAVE HAD ZERO SHOWINGS IN OVER A MONTH NOW !

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