Free money for everyone!
If you need money for any reason, Canada wants to give it to you. The housing bubble in Canada will continue because of efforts by the Bank of Canada to keep interest rates low.
Individuals have been using their homes as bank accounts, pulling out the equity in hopes that the bubble will continue forever. Big mistake.
Free Money:
“HSBC Canada is offering five-year fixed-term mortgages at 2.39 per cent, undercutting the lowest discretionary rates at the largest domestic lenders including Toronto-Dominion Bank and Royal Bank of Canada.”
Canada-U.S.
Canada is simply falling into the same traps as the U.S. did. Look at the 1.5% down payment on mortgages right now. It’s free money.
Subprime mortgages were the linchpin of the previous crash. None of the issues have been resolved and you can see this with mortgage rates around all-time lows.
“Canada is a great place to do business,” Stuart said, citing the nation’s growing economy, geographic stability and international trade ties that dovetail with HSBC’s global reach. “Canada is the No. 2 export partner for the U.S. and we’ve got the gateway to the Pacific, and we’ve got a real focus now on China, a great corridor with Hong Kong. We’re really well positioned.”
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David, your relentless effort to educate the masses is mind blowing. When do you sleep?
Keep it going on this platform, the Steemit community is so much more awake than most people on YouTube. Please try to use your influence to support other "truthers" here by upvoting and resteeming those who us who are following your lead. @tremendospercy
I give myself 0 free time. Literally every spare moment is spent working.
I'm still learning all of this on Steem but definitely would like to participate. I have definitely noticed a much better crowd in general here which is a good thing because YouTube is a real pain sometimes.
Embrace it. I'll be posting shortly , read it, it wont take long but you'll see how its changed my perspective on the truth movement and how positive I feel after 10 days on Steemit.
Good stuff. Thank you.
Awesome article. It's so good everyone at the banks is looking out for us simple folks and giving us such good deals on our mortgages that we had to beg to get!
Will they stand up and take a bow when this whole thing comes crashing down or will they blame us simple folks for not paying our bills and it's our faults that it's SHTF time! DR
I added you to my "Following". Great post! 👍
Thank you.