1989-1996 Canadian Housing Collapse Looks Eerily Similar to Today
realwealthconcepts.substack.com
I recently wrote a couple articles proposing that Canadian real estate might be on a downward spiral. So far it has declined 10% on average since February. Some parts of the GTA have already experienced declines of up to 18%. Hundreds of thousands of Canadians have deferred their mortgages. While some may have done so fraudulently most were in genuine financial distress, as millions of Canadians suddenly lost their jobs.
1989-1996 Canadian Housing Collapse Looks Eerily Similar to Today
1989-1996 Canadian Housing Collapse Looks…
1989-1996 Canadian Housing Collapse Looks Eerily Similar to Today
I recently wrote a couple articles proposing that Canadian real estate might be on a downward spiral. So far it has declined 10% on average since February. Some parts of the GTA have already experienced declines of up to 18%. Hundreds of thousands of Canadians have deferred their mortgages. While some may have done so fraudulently most were in genuine financial distress, as millions of Canadians suddenly lost their jobs.