July 9, 2021 | Canadians Need Wishful Thinking to Believe in the Housing Bubble
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
Canadian housing is expensive. Household debt in Canada is at record levels. And yet there is still enthusiasm about buying more real estate, and very little fear of a crash.
Why are Canadians so complacent about houses?
Canadians buying real estate have a very positive view about real estate prices. They have little or no fear, or they would not be buying real estate.
Here are some things that most Canadians believe:
One, house prices always rise. But prices have fallen in Canada several times, most recently in the early 1990s. People believe this because it has been so long since the last crash.
IC Capitalight Corp : Capitalight Agrees to Acquire Stone Debentures for Shares
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Market Watch: July 9
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July 2, 2021 | Wilful Blindness and money laundering
Hilliard MacBeth Author of When the Bubble Bursts: Surviving the Canadian Real Estate Crash
“Wilful Blindness”, by Sam Cooper, describes how Canada has become a prime destination for money laundering. The book, released in 2021, ranks as a best seller for its entertaining and shocking descriptions. However, the reader is forced to ask uncomfortable questions about Canada.
Why have Canadians allowed their country to become a hiding place for dirty money?
“Money laundering was the shared interest in Vancouver. But something else was definitely happening. The Big Circle Boys and Chinese intelligence players had started with casinos. And they moved into real estate and finance, Canada’s soft spots for economic infiltration.”