The CRASH Of Toronto’s Housing Market Is Epic! – What You Need To Know

Josh Sigurdson talks with author and economic analyst John Sneisen about the alarming plunge of the Toronto real estate market as we’ve seen a plunge of about 17% in home value since April, 2017 when the market saw a 30% year over year average. That’s less than a year!

While 41.2% less people are buying detached homes in Toronto, 10% more people are buying condos, cutting costs, likely because the massive dip in the market has hurt their wallets.

The demand is not there, but there’s certainly a lot of building and the market saw the peaks and euphoria, but people are packing up. This is exactly what we predicted as the market saw all time highs. It was unnatural. It was euphoric. It was manipulated. People with no understanding of the market were using their homes as piggy banks, taking out mortgages and expecting everything to appreciate in value without limitations. This was of course naive and we’ve seen this kind of attitude before.

We are seeing the return of the collateralized debt obligations (now known as collateralized loan obligations) by banks like BMO, not to mention the return of the credit default swaps and mortgage backed securities. No surprises that you play such games, you will win the same terrible prizes.

We are seeing a similar housing bubble in Vancouver that will go the way of Toronto as well. Of course no one in the media is reporting on it which is why we do what we can to give people the information necessary for them as individuals to prepare. This is not going to be pretty and knowing this info could if applied correctly with good due dilligence prepare individuals and safeguard them from the collapse of the overall market.

There are housing bubbles popping up in Vancouver, Seattle, San Francisco, London UK, Sydney and Perth Australia, Oslo Norway and countless other places throughout the world. It’s about time we stop repeating history over and over again and start understanding the causes of these problems rooted in the central banking system and stop perpetuating the problems with government and further central bank action. The free market shall prevail as long as individuals educate themselves accordingly.

Stay tuned as we continue to cover this issue at WAM!

Video edited by Josh Sigurdson

Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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20 thoughts on “The CRASH Of Toronto’s Housing Market Is Epic! – What You Need To Know”

  1. If you purchased a home in Toronto in the past 10 months, too bad for you. But everyone else is still flying high. If the price of a home goes up 30% then drops 17%, that's a correction not a crash. A healthy correction for sure but definitely not a crash. Ease up on the hyperbole gentlemen.

  2. Avg prices in Toronto/gta are increasing and sales are going up slightly so far in 2018..
    Avg price. Sales
    Jan 732k 4049
    Feb. 767k. 5175

  3. China has the highest debt to gdp ratio. They have put in currency controls. The rates are forecasted to go up 3 times in 2018. The Emperor has no clothes and is about to raise more taxes. His serfs are in record debt as record job losses hit. The grand illusion of debt now ends.

  4. The bottom line is. That people have to stop paying for over inflated housing prices. The price of houses are way,way over priced

  5. lol calm down guys. I see your happiness but
    its 6.4% drop not 64% drop. Even with 64% drop in Toronto downtown , an average family cannot afford an house.


  6. it all China doing all this shit and stupid governments of Canada, NZ, Aust and so on selling their citizenship for money

  7. Yeh, the ADL is flagging ALL of your videos that AREN'T about Israel or Jews as being HATE SPEECH.

    Do people actually believe this shit?

    You just lost me as a subscriber for that one.

  8. Agree with you both 100 percent!! Glad I didn’t buy last year like all the other morons did believing those crook agents! Do you believe his summer will have more price declines?? Keep up the great true informative content! We need more realistic media out there just like realtor market hero “the lost cunnuck”

  9. Their is a little truth to this channel. But these fuckers really spin up the fear porn. Typical Zionists. What are they selling.? And surely they are E-begging.

  10. Real estate has value because it is finite. The report says the re goes down from house wear and tear. Yea but it is still not going to lose value in a good area. Re is not a car. These guys rent of course.

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