Daily Archives: May 4, 2017

One of Canada’s largest realty investment co’s files for creditor protection

Late in the cycle, richly valued real estate becomes much less liquid than most expect. Walton Group is one of Canada’s largest real estate investment companies, owning 100K+ acres of property in Alberta, Ontario and the US through a complex … Continue reading

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Canada’s housing bubble driven by lax lending and domestic speculation

David Madani, senior Canadian economist at Capital Economics joins BNN for reaction to the latest Toronto housing data. As new listings see double-digit increases and sales dip in April, he says people might be getting concerned about the frothiness in … Continue reading

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Supersized mortgages impaling Canadian households

Many Canadians are indebted to try and afford their lifestyle, others have been counseled by self-serving sales people to borrow money to ‘invest’. At the end of each cycle, asset prices mean revert but the debts remain. Scott Terrio, estate … Continue reading

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Peak auto debt now driving defaults

As in 2007-08, achieving peak auto sales this cycle has been a reckless, financially destructive chapter for the masses, and right on cue, the inevitable default phase has begun with losses coming back on financiers once more. Trustee in Bankruptcy, … Continue reading

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China liquidity crunch contagious

Advised and led by their US trained finance types, China has followed the same hide-your-debts-playbook that brought down Enron, Worldcom and global financial markets in 2001-03, as well as Bear Stearns, Lehman and global markets again in 2007-09. The difference … Continue reading

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