Canada's Housing Bubble is the BIGGEST Risk to Economy!! Negative amortization has regulators worried but not doing anything significant. The credit crunch and recession could already be here as evidenced in the money supply as the Bank of Canada hikes and continues to try and bring down inflation. Freeland tries to reassure Canadians who are up to their eyeballs in debt.

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You won't hear this on mainstream news outlets like City News, CTV News, CBC News, and Global News. You won't hear real estate agents or mortgage brokers making these comparisons either.

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Sources
https://betterdwelling.com/canadian-mortgages-get-new-guidelines-after-mass-risks-materialize/
https://tradingeconomics.com/canada/households-debt-to-income
https://globalnews.ca/video/9812997/freeland-announces-financial-protection-for-mortgage-holders
https://ca.finance.yahoo.com/news/debt-worries-higher-interest-rates-123737802.html
https://calgaryherald.com/business/local-business/albertans-interest-rate-hikes-impacts
https://www.thestar.com/business/2023/07/13/federal-regulator-calls-for-banks-to-address-mortgages-with-growing-balances.html
https://www.zillow.com/homes/for_sale/88570805_zpid/0_singlestory/days_sort/42.41597134471213,-82.94227113737419,42.24058320739095,-83.18912019743279_rect/0_mmm/?
https://www.zillow.com/homedetails/1077-Wellington-Ave-Windsor-ON-N9A-5K2/2067270666_zpid/?

#FinancialCrisis #Recession #BankOfCanada

0:00 - Save the bubble
1:30 - OSFI
2:44 - Ridiculous
4:30 - Credit crunch and tightening
5:30 - Nobody wants to be blamed
6:30 - Bubble chart
7:55 - 2008
8:50 - Comparison
10:00 - Real-life bubble examples
11:00 - Positive cashflow
11:40 - The tech bubble
12:15 - Speculators
13:10 - Incomes vs house prices
13:55 - The Past in Canada
14:15 - Insurance