ranelegier

seeker of pizza

[ranelegier @ranelegier]

@danielfoch @JonFlynnREstats @BenRabidoux @ronmortgageguy @SteveSaretsky curious if anyone would know the % of mortgages that have extend the amortization during this renewal "cliff"

[ranelegier @ranelegier]

@KirkLubimov Single family house...

[ranelegier @ranelegier]

@KirkLubimov Airdrie......

[ranelegier @ranelegier]

@JonFlynnREstats nature will fix it

[ranelegier @ranelegier]

@unusual_whales https://t.co/PpxVjQ2zbj

[ranelegier @ranelegier]

@FrankfortDarryl

[ranelegier @ranelegier]

@5149jamesli Its America sue him

[ranelegier @ranelegier]

@StephenPunwasi 😗

[ranelegier @ranelegier]

@JohnPasalis Where will your retirement exit liquidity come from.....1/3 of boomers are relying on selling their home for retirement

[The Economic LongWave @TheELongWave]

🇨🇦 Canada’s Credit Bubble: The Lesson Japan Learned the Hard Way

Picture Canada over the past two decades. Home prices soared, people borrowed more than ever, and banks eagerly handed out mortgages like candy 🍬. For years, it felt like the good times would never end—everyone believed real estate could only go up.

But behind that dream was a growing problem: too much credit tied to a single asset—housing 🏠.

From Toronto condos to Vancouver homes, banks built their profits on mortgage lending.

Families took on massive debt, confident that cheap interest rates would last forever.

Now, that era is ending. As rates rise and property values slip, the cracks are starting to show.

Borrowers are struggling to keep up with payments. Banks, in turn, are discovering that the homes backing many of those loans aren’t worth what they once were.

When collateral falls and debt remains the same, someone has to take the loss—and that someone is often the bank.

This is precisely what Japan faced in the early 1990s. After its real estate and stock market bubbles burst, Japanese banks were left holding trillions in bad loans.

Their balance sheets were shattered. Even when Japan’s central bank slashed rates to zero, the money didn’t flow into the economy. The banks were too weak and too cautious to lend. The result? Years of economic stagnation and deflation—a “lost decade” that stretched into two.

Canada now risks walking down a similar path. Our banks hold record amounts of mortgage-related assets, and our households are among the most indebted in the developed world. If the housing downturn deepens and defaults rise, the damage could freeze lending—regardless of how low the Bank of Canada cuts its rates.

In that case, even printing money might not help.

Unless new credit reaches the real economy—businesses, families, and entrepreneurs—spending and investment will slow, prices will fall, and deflation could take hold ❄️.

History tells us what happens when a credit bubble bursts: it doesn’t end with a bang, but with a long, grinding freeze.

[ranelegier @ranelegier]

@AdamBLiv

[ranelegier @ranelegier]

@Martyupnorth_2

[ranelegier @ranelegier]

@barrettjoneill

[ranelegier @ranelegier]

@timthielmann @KahlonRav Community of 100 mile is devastated

[ranelegier @ranelegier]

@Martyupnorth_2

[ranelegier @ranelegier]

@Tablesalt13

[ranelegier @ranelegier]

November 4th 2023 vs November 4 2025 Calgary rental inventory per rentfaster @danielfoch @JonFlynnREstats @MarcNixon24 @MarkinMetaForm @ShaziGoalie @Tablesalt13 @ronmortgageguy @SteveSaretsky @MPelletierCIO @BenRabidoux @hmacbe @TheMacronical @FrankfortDarryl

[ranelegier @ranelegier]

@ShaziGoalie No shit

[ranelegier @ranelegier]

@TerryGlavin https://t.co/WJ53HUvt4v

[Tablesalt 🇨🇦🇺🇸 @Tablesalt13]

🚨BREAKING

Canadian man who has owned Richmond, BC home since 1975

has been told by his mortgage lender that they WONT RENEW HIS MORTGAGE

because the BC Supreme Court has given the TITLE OF THE LAND the Cowichan Native Tribe!!

[ranelegier @ranelegier]

@MarcNixon24 Oo even better