Canadian Mortgage B20 bombshell new mortgage rules jan 1 2018

New Canadian Mortgage rules Will essentially raise rates 2 % overnight reducing available money to borrowers by 20 %
https://www.canadianmortgagetrends.com/2017/07/b-20-bombshell/

Cra to shake down foreign real estate investors skirting taxes

A B.C. Supreme Court ruling will send shock waves through the arm of the Canadian real-estate market that is powered by foreign capital, say immigration lawyers

http://vancouversun.com/news/local-news/house-buyer-beware-landmark-b-c-court-ruling-will-shake-real-estate-industry

Canada oil snd dollar drops like a rock economic uncertainty

No manufacturing revival can take place in the country where industrial workers are living in $500k townhouses. Sorry, won’t happen… In order to reinvent itself and become competitive again, Canada must come down the earth, pay for bad decisions we took at the times of plenty, and once and for all, part with an illusion that we can find the way to the prosperity by digging the earth and competing along this path with Namibia, Nigeria, Kazakhstan, Mongolia and Russia. Sorry folks, won’t work.
The real estate will deflate. There is no way around. We already tried easy ways. There are no more left.

Kaboom

“More and more net worth is being shovelled into a single asset by mobs of people convinced they’ll get rich selling each other houses.”

Bet against canadian housing

Many American hedge funds are short Canadian housing market. These are the same guys who profited off the US housing crash and now bet billions against the Canadian housing bubble

interest rates ont the rise

Canadian rates are on the move while American rates have swollen like a donkey in love. Thirty-year home loans just popped from 3.9% to almost 4.5%, for the biggest one-week increase in 26 years,

housing stats canada 2013

since 2009,about 1,600,000 homes have sold in Canada since they collapsed as part of the emergency measures to save us from shooting squirrels and going Mad Max.