Almost 40% of Canadian real estate funds have now restricted investor access, including potential payouts—highlighting how severe the housing downturn has become. This isn’t just a Canada issue. Similar stress is spreading across global markets through private credit and shadow banking systems. Even the UK’s House of Lords has urged the Bank of England to urgently investigate growing risks tied to private credit exposure and liquidity pressures.
This Is What Stage One of a Credit Collapse Looks Like
