Canada is facing a real estate bubble

Since the vast majority of real estate purchases require a mortgage, mortgage figures will tell us how much people spend on real estate. And a mortgage is simply a credit that is generated and sold at interest by licensed commercial banks for the express purpose of buying a home through a deposit (money). It’s a favourable indicator of real estate spending.

The brilliant Erik Fertsman explains how It’s obvious that Canada is facing a real estate bubble in this article.

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