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Half of Albertans polled in new survey are $200CAD or less from FINANCIAL INSOLVENCY!
Notice how "CTV News" tries to blame Donald Trump's recent TARIFFS as the CAUSE of this problem. LOL! This SURVEY/POLL is done EVERY YEAR and basically says roughly 1/2 of Canadians are $200CAD away from bankruptcy for the past 6 years!
Just do a GOOGLE SEARCH on "Canadian survey poll $200 away from financial insolvency" and notice all the different YEARS it was Surveyed/Polled.
Here is a 2019 & 2021 SAME SURVEY/POLL:
46% of Canadians $200 or less away from financial insolvency: poll- The Canadian Press - Jan 21, 2019
https://www.cbc.ca/news/canada/calgary/200-financial-insolvency-2019-1.4986586
More than half of Canadians just $200 away from financial insolvency- Apr 09, 2021
https://www.wealthprofessional.ca/news/industry-news/more-than-half-of-canadians-just-200-away-from-financial-insolvency/354793
And now the Canadian Corporate Lapdog media are trying to blame Trumps new US Tariffs as the CAUSE of all this! No, it is the shill politicians that Canadians vote for & the Bank of Canada PRINTING MONEY OUT OF THIN AIR and lending it CHEAPER (Lower interest rates) to Canadians to buy their OVER PRICED HOMES. Vancouver & Toronto real estate is now cratering.
My thinking for real estate prices has always been that houses should never be more than 4-5 times your annual income where interest rates were low so Canadians borrowed MORE because the banks made it that way and now here we are at the beginning of the great financial collapse. Lets see what Canada looks like by 2030. I learned basically real estate prices at the age of 10 by my father who started as a realtor in 1981 when interest rates got up to 21% in Canada. Canadians have been lulled to sleep with super low interest rates which makes borrowing more money easier and why real estate prices have gone to such INSANE levels and now interest rates are going to go up and people are already losing their homes as they can't afford the new MORTGAGE PAYMENTS at higher interest rates when they RENEW their mortgage term.
I saw all this coming a MILE AWAY!!
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