Canada Get Ready For A Real Estate CRASH As Government May BAN Foreign Buyers!
Real estate in Canada has gone from expensive to unbelievable. In 2017, Canadian real estate appreciated the most globally. Officially becoming the biggest real estate bubble of the year. Meanwhile, there are all kinds of dislocations and distortions taking place. People literally can’t afford their shelter any longer. Only those who can buy the home with outright cash will be able to get into the market. Does that sound sustainable to you?
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Sources Used in This Video:
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Vancouver considers banning foreign buyers amid ‘perfect storm’ in housing market | Financial Post
http://business.financialpost.com/real-estate/vancouver-considers-banning-foreign-buyers-amid-perfect-storm-in-housing-market
What $1,500 per month in rent gets you across Canada - National | Globalnews.ca
https://globalnews.ca/news/3832871/rent-canada-1500/
New mortgage rules could disqualify 10% of buyers with big down payments: Bank of Canada - The Globe and Mail
https://www.theglobeandmail.com/report-on-business/new-mortgage-stress-tests-could-disqualify-10-of-buyers-bank-of-canada/article37109981/
Ontario household electricity prices to rise 52 per cent from 2017 to 2035 | Financial Post
http://business.financialpost.com/commodities/energy/ontario-household-electricity-prices-to-rise-52-per-cent-from-2017-to-2035
One last gasp for the Canadian residential market as rule changes cloud 2018 outlook | Financial Post
http://business.financialpost.com/personal-finance/mortgages-real-estate/one-last-gasp-for-the-canadian-residential-market-as-rule-changes-cloud-2018-outlook
fp1025_detached_average_sale_price_toronto.png (640×399)
fp1026_canada_household_debt.png (641×376)
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Funny when I first move to Toronto, I was told Hydro electricity from the Falls are cheap so the office buildings don't turn off lights at night.
2016 Ontario taking the crown of most expansive electricity in North America.
They certainly know how to lie! Everything is expensive here.
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Keep up the good work!