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TRENDS IN THE HOUSING MARKET — CANADA'S $2 TRILLION DEBT BOMB! | Global Crash Warnings

590 views · Published 1 June 2017 · 1:00:53 · Indexed 27 October 2026

Channel: Mike Martins · 2017 · People & Blogs

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“housing is not a commodity when you make something a commodity be prepared to take the loss” — Mike Martins

Canada — Housing, debt and the economy
- NDP and Green Party cooperation in British Columbia — opening discussion about the political agreement and viewer reactions.
- Leaving Vancouver for Merritt — explaining why you chose a more affordable home and a different lifestyle rather than an enormous Vancouver mortgage.
- Starting a Business From Scratch — promoting your new retail-business series and discussing entrepreneurship as an alternative to speculative real-estate investment.
- Vancouver May housing sales decline — preliminary figures showing fewer sales and higher inventory than the previous year.
- Vancouver new listings down 11.38% — approximately 4,120 new listings in the first 23 days of May.
- Greater Vancouver inventory reaches approximately 8,765 active listings — above the comparable 2016 level.
- IMF warns of significant risks to Canada's economic outlook — housing imbalances, weak productivity, aging demographics and trade uncertainty.
- IMF projects potential Canadian economic growth around 1.8% — compared with a historical average of approximately 2.6%.
- Canada's banking system and housing correction risks — warnings about bank balance sheets, recession and possible government exposure.
- Maclean's: “Why every housing bubble looks like the new normal” — comparing Toronto's current housing boom with the late-1980s bubble.
- Toronto housing prices versus household income — discussing how far prices have moved beyond traditional affordability ratios.
- Are Toronto home prices high, or is Canadian money losing value? — examining currency depreciation, inflation and asset prices.
- Money versus currency — discussing the Canadian dollar, gold, silver and Bitcoin.
- Gold and silver as potential inflation hedges — including concerns about paper claims versus physical precious metals.
- Senate hears proposal to cap household debt — debate about government intervention in consumer borrowing.
- Canadian household debt reaches $2.025 trillion — approximately 5.5% higher than the previous year.
- Canadian residential mortgage debt reaches approximately $1.45 trillion.
- Consumer debt reaches approximately $571 billion.
- Mortgages account for approximately 71.8% of household credit.
- Financial education in elementary schools — proposing that children learn credit reports, budgeting, debt management and business fundamentals beginning in Grades 5 and 6.
- 52% of Canadians reportedly within $200 of insolvency — examining an MNP consumer-debt survey.
- 31% of respondents reportedly unable to cover their monthly expenses — discussing the consequences of rising living costs.
- Household debt above 167% of disposable income — another warning about financial vulnerability.
- Long-term vehicle financing — cautioning viewers about seven-year car loans and unnecessary monthly payments.
- Alberta and Saskatchewan economic recovery — Conference Board of Canada forecasts for improving provincial growth.
- Alberta GDP forecast to grow approximately 3.3% in 2017.
- Saskatchewan and British Columbia projected at approximately 2.5% growth.
- Could Alberta become the next housing-investment hotspot? — concerns about speculative capital following improving economic conditions.
United States — Seattle and New York
- Seattle's extreme housing crunch expected to continue — tight supply and rapidly increasing demand.
- Seattle housing inventory reportedly down 35% year-over-year.
- Redfin customers making offers increase approximately 36.9%.
- Seattle and Tacoma bidding wars — approximately 55.6% and 44.4% of homes, respectively, reportedly selling above asking.
- Seattle's limited land available for multifamily housing — zoning restrictions and geographical constraints.
- 10,000 new Seattle apartments expected in 2017 — concerns that new supply may still be insufficient.
- Foreign-investor marketing in Seattle — your concerns about international property promotion and the potential repetition of Vancouver's affordability problems.
- New York City affordable-housing protests — debate surrounding City Hall and housing policy.
- New York's affordability crisis — working professionals struggling to find reasonably priced housing.
- U.S. home prices rising more than twice as fast as wages — the Case-Shiller 20-city index up approximately 5.9% year-over-year.
- U.S. housing inventory shortage — fewer homes available for sale contributing to price pressure.

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