In this video, we explore the recent surge in shadow banking activity in Canada and how it’s prompting Canadians to seek out riskier lending options. Join us as we delve into the potential consequences of this trend and what it could mean for the Canadian economy.
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Sources
https://www.theglobeandmail.com/business/article-major-mortgage-lenders-let-borrowers-shift-unpaid-interest-onto/
https://financialpost.com/real-estate/mortgages/private-mortgage-risk-flagged-regulators-growth-shadow-banking
#Canada #Banks #Finance
0:00 – Shadow banking
0:23 – Non-bank loans
1:00 – Interest-only mortgages
1:38 – Dumb money and weak hands
2:45 – Shadow banking
3:45 – Mania phase
4:23 – Ontario market
4:40 – MICs (riskier lenders)
5:10 – Greater fool theory
6:05 – Denial phase/return to normal
6:35 – Sarcasm
7:05 – Stress test
7:45 – “Not getting approved”
8:35 – Banks preparing for a soft landing
9:15 – Recipe for disaster
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