Canadian housing market will crash - Housing prices in Canada are so absurd that young people and new immigrants can no longer afford rent/mortgages. The current rate hike cycle will become the tipping point that pushes thousands of mortgages into default. Already food bank use in Canada is skyrocketing. Refugees are sleeping on the streets because shelters are already full of homeless people. At least one of the major Canadian banks (RBC, CIBC, TD, BMO) will fail and like a falling house of cards will bring down other banks with them. The CMHC, the govt housing corp that's supposed to insure mortgages will run out of cash within 6 months. All it will take is a mild recession + the current rate hike cycle and the Canadian economy, which is driven by real estate and associated mortgage banking, will crash. I'm shorting RBC. Wallstreet bets wales and gold fish, this will be worse than the US housing crash of 2008. Place your bets. I'm placing mine. Wallstreetbets

Canadian housing market will crash - Housing prices in Canada are so absurd that young people and new immigrants can no longer afford rent/mortgages. The current rate hike cycle will become the tipping point that pushes thousands of mortgages into default.

Already food bank use in Canada is skyrocketing. Refugees are sleeping on the streets because shelters are already full of homeless people.

At least one of the major Canadian banks (RBC, CIBC, TD, BMO) will fail and like a falling house of cards will bring down other banks with them.

The CMHC, the govt housing corp that's supposed to insure mortgages will run out of cash within 6 months.

All it will take is a mild recession + the current rate hike cycle and the Canadian economy, which is driven by real estate and associated mortgage banking, will crash.

I'm shorting RBC. Wallstreet bets wales and gold fish, this will be worse than the US housing crash of 2008. Place your bets. I'm placing mine.


Shortnsalty 37d

Berkshire is hoarding so. much. cash.

Berkshire is hoarding so. much. cash.
Goldrush_Greg 68d

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends

Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Stonksurfer42 98d

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on

Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Moonbagjack 129d

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?

Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Chartwizard_Au 159d

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...

🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
Tendies_Inbound 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?