Uploaded September 2024 | Updated September 2026, 1 hour ago
In a desperate attempt this week the Liberal party attempt to fuel the biggest real estate Ponzi scheme in Canada's history by ordering CMHC to allow 30 year mortgages for first time buyers and increase the insurable purchase price of a house to $1.5 Million dollars. The house or cards is about to fall and the government is desperate to keep it alive. I also go through August national statistics from the Canadian Real Estate Association. #ponzi #realestateinvesting #bubble #canadiannews #investing #housingcrash
Links/references:
canada.ca/en/department-finance/news/2024/09/government-announces-boldest-mortgage-reforms-in-decades-to-unlock-homeownership-for-more-canadians.html
capegazette.com/article/georgetown-homeless-village-work-progresses/252640#google_vignette
In a desperate attempt this week the Liberal party attempt to fuel the biggest real estate Ponzi scheme in Canada's history by ordering CMHC to allow 30 year mortgages for first time buyers and increase the insurable purchase price of a house to $1.5 Million dollars. The house or cards is about to fall and the government is desperate to keep it alive. I also go through August national statistics from the Canadian Real Estate Association. #ponzi #realestateinvesting #bubble #canadiannews #investing #housingcrash
Links/references:
canada.ca/en/department-finance/news/2024/09/government-announces-boldest-mortgage-reforms-in-decades-to-unlock-homeownership-for-more-canadians.html
capegazette.com/article/georgetown-homeless-village-work-progresses/252640#google_vignette
