Canada: 8% of Canadians could trigger the real estate and bank sector collapse

Every time you turn on the television or visit a news media website the Liberals are celebrating their great statistics.

Sure there are some new jobs and the GDP has ticked up a little. But when you read the remarks from the Bank of Canada, they tell a very different story. One in which as little as 8% of Canadians have the potential to trigger a much bigger problem.

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Source/credit:
https://www.ipsos.com/en-ca/news-polls/MNP-debt-July-2017

http://business.financialpost.com/news/fp-street/cibc-will-raise-5-year-fixed-rate-mortgage-rate-by-15-basis-points-on-tuesday

https://www.bankofcanada.ca/2018/05/canada-economy-household-debt-how-big-the-problem/

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