The debt problem in Canada only seems to get worse. In fact, Canadians have some of the worst debt in the world for a country of its economic size. It’s not going to end well because all of this debt is securitized and sold off to investors. The borrowers will default and quickly cause a chain reaction. Not good.
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ℹ️Sources Used in This Video ℹ️
https://goo.gl/UpprQe
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Canadians warned to climb out of debt before it’s too late, as threat of cooling housing markets looms | Financial Post
http://business.financialpost.com/news/economy/dr-debt-warns-canadians-to-get-financial-houses-in-order
Canadians warned to climb out of debt before it’s too late, as threat of cooling housing markets looms | Financial Post
http://business.financialpost.com/news/economy/dr-debt-warns-canadians-to-get-financial-houses-in-order
fp0307_boc_rate_fed_individuals.png (641×286)
Greater Toronto home sales down 35% from February 2017, board says | CBC News
http://www.cbc.ca/news/canada/toronto/greater-toronto-home-sales-down-35-from-february-2017-board-says-1.4563773
More than 40% of Canadians feeling pinch of rising interest rates, up five percentage points | Financial Post
http://business.financialpost.com/personal-finance/rising-interest-rates-starting-to-pinch-more-canadians-poll-says
Canadian households ‘nowhere near prepared’ for higher rates, survey finds - Article - BNN
https://www.bnn.ca/canadian-households-nowhere-near-prepared-for-higher-rates-survey-finds-1.892780#_gus&_gucid=&_gup=twitter&_gsc=eFVtpMm
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Bank of Canada: Half of Canadian Real Estate Mortgages Will Renew By Next Year | Better Dwelling
https://betterdwelling.com/bank-of-canada-half-of-canadian-real-estate-mortgages-will-renew-by-next-year/
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Focus: Household Borrowing in Canada | Focus: Household Borrowing in Canada
https://cba.ca/household-borrowing-in-canada
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