Farms: Canada's Housing Bubble Is About To Explode

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1. Foriegn Buyer not sale for more
   Price you people sale for higher
   Price
2. Liberal Government is too busy to care about important things. They need to legalize marijuana for their voters and import more wellfare users from middle East. Hard workers tax payers are not appreciated anymore.
3. don't you mean implode!
4. This is so true
5. This is so true
6. The Central Bank of Canada is a parasitic private enterprise, not a government agency. HANG THE BANK$T€RS!!
7. Great video! There are morons working in Bank of Canada, Statistics Canada and Finance Canada.
   
   1. Statistics Canada does a horrible job; they promote people to lead statistical programs who do not have the capacity to to understand what is happening, their own program, statistical and mathematical methods. Requirement to be promoted at Statistics Canada is not intelligence, skills or hard work. They value bilingualism more than merit and intelligence.
   
   Statistics Canada should be sued by Canadians for lying to the Canadian public regarding their data that they produce and the people they promote who are not capable of running statistical programs or institutions meanwhile wasting wasting money of tax paying citizens.
   
   2. Finance Canada is a ridiculous institution filled with ego maniacs who don't have a clue how to conduct economic analysis or formulate policies. Their promotion criterion are as bad as Statistics Canada.
   
   3. Bank of Canada is filled with morons with big egos who pull their rank when called out for stupidity in analysis or policy framework. They work on behalf of Corporate banks not Canadians.
   
   Bank of Canada should be sued by Canadians for lying to the Canadian public, working on behalf of corporations, and not structuring their policies to combat fraud by banks (this includes that piece of shit organization OSFI) and having a strong economic and banking structure.
   
   
   AND
   
   worst of them all CHMC that fucking piece of shit organization is absolutely GARBAGE
8. Lies you do zero research just Vancouver alone 20% of homes are owned by China 40% foreign owners.
9. This is all the governments fault. In Toronto, Foreigners are a HUGE problem for driving up the market but the government wants the land transfer taxes. They do not care about their own people, they put other countries first. We need to make sure Trudeau does not get re-elected, he's not a leader. Someone who understands the Economy and actually is not fake and won't be silly enough to allow 300k immigrants a year in Toronto. That's not good for Canadians.
10. we should string up the bankers and politicians like Iceland did
11. Don't forget the massive moral hazard in the CMHC. This is a major factor that gets overlooked. Banks were more willing to loan because the gross majority of new home loans were backed by CMHC, which is backed by the Canadian taxpayer.
    
    From the inception of the CMHC after WW2 - 2008; the CMHC had ~300 Billion of loans backed. They now have nearly 700 billion dollars of loans. Over double in liabilities in 8 years.
12. if economy n jobs are strong. then no crash.
13. mortgages do not make any sense. We've been brainwashed to follow a path of life that is the foundation for capitalist white collar people to get rich, banks real estate insurance companys etc. You trade the most precious commodity of your life, time, to say at 60 years old, "I own this house finally", when you look back the only experience you have gained is going to the same shit job day in and day out with a small precentage of the week giving back to you. Life is not about material items we are chasing like mice chasing cheese, its about experience. They want us to conform, to build debt, to be trapped like mice and be forced to work for an economy, a government that does absolutely the bare minimum for the people who pour a large percentage of their income into tax. You have to get a building permit to put up a shed on your property but ExxonMobile can destroy a sacred indian burial ground and thats ok? or dump millions of litres of crude oil into the golf of mexico. we are like trapped mice its so sad.
14. I disagree with the 5-10%. There is no proper system not even cmhc which can properly track the foreign buyers...But the house/bank does always win.
15. Poloz in our central bank has been saying for years to pay down your debts. The housing market is in a steady decline with the new rules that have been passed. As for the banks taking deposits I doubt they will have the balls to do that unless they want a violent uprising.
16. I heard Vancouver that's all, if you don't have enough facts to back your title then don't make a video
17. And how do we stop the Central bank?
18. Hmmm...when I clicked on the vid, nothing happened, just a black screen with a white arrow pointing right in a red square, I thought is YouTube censoring this video? Then instead of clicking on the video, I clicked "return to other video" and it started, just o.k. and without any comercials! Hmm...thinkin' on changing YouTube's name to CensureTube! =P
19. So I am from Ontario and a home owner... A place I lived off and on showed me one thing.
    The foreign market is more invested then you think.
    Here is how it is done.
    
    They come to Canada and pop out a kid "A Canadian" they then turn around and use that child to buy land illegally.
    Most of Waterloo where I am from is like this now.
    This alone destroys any stat you may have on home much is here.
    Although you are not totally incorrect, You are not totally correct either.
    
    And yes strong banks weaken the world... They always will and always have.
    
    Nothing will be done, You do not really care... So this video is pointless.
20. your being poisoned and killed slowly fed garbage threw food and television the system is broken meant to make us all fail in every way. Wake up stop walking with your eyes wide shut