Bank of Canada: Financial Hell Coming as 50% of Variable Mortgages Trigger!
The Bank of Canada says half of all variable rate mortgages hit their trigger rate. We are heading into the return to the normal phase of the super bubble. I compare some of the metrics that show the super debt bubble has peaked in Canada. We discuss the yield curve and many things. Are we going to get a soft landing? It doesn't look like it. It looks like the real estate crash is not far around the corner. You won't hear any news like this on any of the mainstream media organizations like City News, CTV News, CBC News, and Global News. Please sign up for my FREE email list below ð https://forms.gle/W65GbBYCHyvmkcff9 Patreon ð   / marketmania  Referral link to my currency broker Wise ð https://wise.com/invite/u/lukes810 ðī FREE Spotify podcast - https://open.spotify.com/show/6J3mqWU... Instagram ð   / marketmaniaca  Twitter ð   / marketmaniaca  TikTok ð https://www.tiktok.com/@marketmaniaca... Sources https://vocm.com/2023/02/01/mortgage-... https://tradingeconomics.com/canada/p... https://tradingeconomics.com/canada/h... https://financialpost.com/news/econom... https://betterdwelling.com/canadian-m... https://tradingeconomics.com/united-s... https://tradingeconomics.com/united-s... https://transportgeography.org/conten... #Recession #Banks #Canada 0:00 - Trigger rate 0:20 - Bubble phase 0:50 - Everything is great 1:44 - Private Debt to GDP US vs Canada 2:20 - Layoffs 3:00 - Household Debt to GDP US vs Canada 4:00 - Housing prices will never go down 5:00 - Negative interest rates 5:30 - Trigger rates 6:00 - Mortgage debt 6:50 - Outstanding mortgage debt 7:05 - Calgary 7:50 - No politician will fix this 8:15 - Excuses 8:20 - More excuses Disclaimer: Some of the links in this description are affiliate links, which means if you make a purchase through them, I may earn a small commission at no extra cost to you. This helps support the channel and allows me to continue creating content. Thank you for your support!
