International financial watch dogs are saying Canada is due for a financial crisis. Here is a big reason why you should cash out your Real Estate now.
Source: DANIEL WONG, Better Dwelling, March 11, 2017
Bank Of International Settlements Flags Canada For Financial Crisis Next Year
More bad news for the Canadian economy. The Bank of International Settlements(BIS), an international financial watchdog, released its fall quarterly report this week. In it, they expressed concern about Canada’s debt-to-GDP gap, which is used to measure the stability of the local banking system. The organization has flagged Canada for a financial crisis as early as next year. Yikes.
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