Canada facing massive mortgage crisis

Hit by the sharp decline in oil prices the Canadian economy is struggling with a property market approaching the peak of a massive bubble, according to ex-Lehman Brothers trader and a financial writer Jared Dillian.

As Canada’s mortgage market is not securitized, the property crisis is expected to last much longer than in the US, where the loans are backed, Dillian said in an interview with Mauldin Economics.

https://www.rt.com/business/357516-canada-economy-oil-property/?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome

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