37% of Canadians 200$ away from Bankruptcy, Double trouble in Canada housing 🍅🍅🍅

2,746 views · Published 17 August 2018 · 7:34 · Indexed 26 September 2026

Channel: Mike Martins · 2018 · News & Politics

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Canadian real estate price spiked in 2017, and a lot of homeowners have already spent that equity. Canada Housing and Mortgage Corporation (CMHC) numbers show a huge number of people are taking out multiple mortgages on their homes. The trend now represents over 1 in 10 mortgages issued in the country, and nearly half are in just 3 cities.

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