Canadian insolvencies are soaring to 15-year highs as housing bubbles burst. Mortgage delinquencies rise, rents fall, and unemployment worsens, leaving homeowners underwater. Cities like Bmpton and Niagara face massive losses—up to 50% or more. Analysts warn the economy is broken despite government spending, with private Canadians crushed under debt and shrinking purchasing power. The housing crash isn’t slowing down.
Canada
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