UBS: Toronto one of the biggest housing bubbles in the world. This matters now

In this video, we go over the UBS report that Toronto is one of the biggest housing and real estate bubbles in the world. The crash risk is absolutely massive and UBS has been warning for years. The housing market…

UBS: Toronto one of the biggest housing bubbles in the world. This matters now

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In this video, we go over the UBS report that Toronto is one of the biggest housing and real estate bubbles in the world. The crash risk is absolutely massive and UBS has been warning for years. The housing market in Toronto has already crashed over 20% from the highs since interest rates started to rise.

You won’t hear this on MSM like City News, CTV News, CBC News, and Global News.

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Sources
https://betterdwelling.com/toronto-is-the-biggest-real-estate-bubble-in-the-world-vancouver-6th-ubs/
https://www.marketwatch.com/story/ubs-has-released-its-annual-house-price-bubble-report-here-are-the-most-overvalued-markets-11666262185
http://www.torontocreativecity.ca/facts-and-figures/
https://www.ubs.com/global/en/media/display-page-ndp/en-20221012-ubs-bubble-index.html
https://betterdwelling.com/toronto-is-the-biggest-real-estate-bubble-in-the-world-vancouver-6th-ubs/

#Canada #Economy #Recession #Depression #realestate #Finance #Business #news

0:00 – The largest housing bubble in the world
0:50 – Interest rates are the pin to the bubble
1:40 – The Banks
2:20 – It will never burst
3:00 – Vancouver and Toronto world-class
3:40 – Vancouver is disgusting
4:00 – Random crime
4:47 – The largest gain since 2008. Coincidence?
5:30 – The worst time to buy in history
5:50 – You are not getting a deal
6:30 – Homebuyers have been waiting for years for this
7:10 – No excuse for the debt
7:30 – Patience (50% of people gone)
8:45 – I actually care about people
9:54 – All the risky markets
10:20 – Supply narrative is BS
10:50 – Building highrise
11:00 – Immigration
11:55 – Toronto’s economy. Is it diversified?
12:40 – Credit industry when people default
13:30 – What $1.1m buys you
14:14 – This price chart looks unbelievable
14:55 – Adjusted for inflation
15:10 – The banks control everything
15:45 – Ponzi economics

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