China’s Real Estate Crisis UPDATE Oct 15/2021 - Evergrande Crisis worsens, Canada Real Estate Next?

#CanadaRealEstate #CanadianRealEstate #Evergrande

China’s Real Estate crisis intensified this week, increasing the likelihood the contagion will spread to Canada’s Real Estate Market. With Evergrande missing another payment the crisis worsened dramatically as more and more developers received credit downgrades and Western money tightened up. The risk that Canadian Real Estate (and U.S. Real Estate) will be affected is growing by the day.

More and more bonds are reaching junk-bond status. Chinese bond yields are growing day-by-day, and the cost of borrowing for Chinese real estate developers has skyrocketed.

Not to mention a massive slowdown in real estate sales. While the Canadian Real Estate market showed a strong September (led by Toronto), the Chinese Real Estate market, as expected, experienced a massive slowdown, as buyers seek rock bottom pricing.

Tensions with Taiwan also continued this week, with China holding military drills to simulate a beach (island) invasion, and Taiwan publicly demonstrating its weaponry.

Links:

Mark Mitchell – Mortgage Broker London Ontario
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[tananga]

I also think that this Taiwan war is just a trick to dont talk about real estate bubble

[tananga]

Very good video. Please inform us about this huge bubble

[WhistlewithRishi]

I’ll recommend this to my friends to help this channel grow…

[WhistlewithRishi]

Thanks for keeping up. Great to watch your videos.

[carmelogiovannelli]

Mark thanks for keeping it real always bud!! Your one of the only guys providing true Canadian content.

China goes bust I think it take most of the world with it. Vancouver is a bubble too that been there for twenty years plus!!

I hope it all comes crashing down!!

[dirtlump]

The primary contagion concern at this point is secondary offshore Capital flows from rich Chinese nationals squirreling money away in western Real Estate etc. ? many of which are also far more heavily invested in the indigenous Chinese Real Estate Debt speculation boom ? Push comes to shove in an home-grown China Debt pinch.... they will need to recover whatever Capital they can from overseas investments to cover losses at home in China.... which may reflect poorly on their extended families fortunes within the eyes of the Communist Party elites back home in China ?
The CPC central Bank can/will cover losses.... just say'in... those 'losses' will also be recovered at home from those with offshore 'assets' that WILL need to be liquidated.

[georgedavidson]

I hope to see that a correction happens

[realtorernierodriguez]

This + energy crisis + shipping crisis doesn’t seem good for the future outlook.

[secrethero]

Its not 5$ trillion . It is 30% of China's GDP. You do the math. Much much more than 5 trillion $