Housing Bubble: 🇨🇦 vs 🇺🇸 👇

This is so important to understand, the Liberal government is 100% complicit in the fueling of the housing crisis. Anyone who thinks the Federal government has no responsibility for this mess has no idea how much effort the Liberals have spent to push prices ever upwards.

Ridiculous chart.... If that was a stock it would be the #1 shorted on the market....

This why 🇨🇦govt doubled down on immigration

I thought so. Makes sense. Not sure why, but either something is not right with the Canadian Real estate OR Canadians are filthy rich. Canada must be accepting VERY very rich immigrants. It is still a mystery how many people in Canada are able to afford a million $ mortgage.

Trust me, its just as bad as the chart looks. 1000 sqft townhomes selling for over $1 million here, one hour outside of toronto

Well said. The government has no intention of popping their massive bubble.They need the massive tax grab. This will start unwinding now. People have far too much debt. One small recession is the needle that will pop this bubble. Also condos HOA,tax,ins fees keep climbing.

Remove the 2 province ON and BC and see the chart Actually it’s 2 province vs entire USA Compare good USA states vs ON and BC Like California etc

this is very well done.

Agreed. Simply laid out for everyone to easily understand.

So true, my 2 cents. In the last 2 decades, there has been no innovation, business/industry developed in 🇨🇦..policy-makers have squashed everything promoting a leech of an economy thriving on the back of RE, USA, Immig. It ends in just one-way !