LOOK AT THIS! Canadian Real Estate Hit With 70% Losses (Worse Than The 90s)

The Canadian housing market in 2026 is

now worse than the housing market crash

that happened back in the 1990s.

And we are seeing some of these losses

that are staggering and are happening at

breakneck speeds. We're going to get

into the stories. Some of these losses

also something that is buried in most

people's mortgage terms that they don't

even know about could completely ruin

them. you are broke

>> and is completely to the advantage of

the banks which we'll get into later so

stay tuned for that. Let's start off

first though with the losses. Now this

one guys I mean it's a big one. It

really is a big one.

>> Are you ready?

>> It's an over 45%

loss in Hamilton which you know was

going to be the boom town and was going

to be the place that is the next

Toronto. I don't think prices will be

going down uh anytime soon

>> and is now just a place where home

prices have collapsed. So, this place is

selling at an over 45%

loss here. Not sure what really happened

with this one. Maybe somebody was trying

to renovate it. It looks like pretty

much all the renovation has been done.

But, you know, it's just a disaster. a

massive financial hit that this person

took. Is it a power of sale? Possibly.

Maybe. So, you can see back in 2022,

right before the Bank of Canada came in

and hiked rates for the very first time

>> yesterday, Governing Council took the

decision to raise the policy rate by 25

basis points to half a percent.

>> And that was what started tanking the

market. By the way, rates were still

extremely low, but that was the start of

the tanking market. And guess what? It

sold for $950,000.

I mean, who in that deal? And I would

love to have the conversation with them

about it.

>> Give me my money back.

>> And now it's been sold for 521,000.

I mean, it's mindblowing. These losses

are in nominal terms and you've had some

of the highest inflation in the past 2,

three decades that Canada has ever seen.

on top of this. Who cares? So, you know,

you're really talking about 60%, you're

talking about 70% losses. And the speed

at which this is happening. I mean, it's

crazy, guys. We'll get into it. And

again, like what's buried in people's

mortgage terms, they don't even know.

They don't even understand. We're going

to get into that because it's one

particular term that could ruin people.

So, anyway, this is another one here.

It's an over 42% loss in Hamilton.

similar style of house actually. I mean

they look very very similar in fact even

similar in the inside. It's kind of

crazy. I mean it looks like the

renovation was obviously never completed

here. And basically again this was

bought for an insane price. There's

papers on the door there. So there's

papers on the door. So this is likely

probably a power of sale here. And it

sold for $645,000.

It was listed for $659 and it sold under

that compared to back in 2022. Back in

February 2022, it sold for a whopping

1.13

million.

And you know, by the looks of the

history here, I mean, when you go back

to this listing in 2021, well, it was

actually a dump back then. And it

obviously got renovated and then sold,

possibly even sold to a developer. I

mean, that's the likely person who paid

that much over asking price because it

was listed for 700,000 and it sold for

that 1.13 million. So completely crazy.

It's done like this round trip. I mean,

it's just absolutely mad. But developers

were just scrambling to get land

together to get condo projects on the

go. So maybe that's what happened there.

Then you've got this in Bmpton here is

another huge loss over 37%

here. So it sold for $65,000,

but in 2022 it sold for $971,000.

And probably a lot of you are looking at

this and saying, "Yeah, it's a newly

renovated house, Luke, but I'm not

paying $65,000

for a house, which isn't even a detached

house in Bmpton of all places."

>> I don't think so.

>> And you know, this could have been a

power of sale. Again, you've got the

notice on the door. So, was this a power

of sale? Was it a flip gone wrong?

Maybe. I mean, this is the exact type of

thing that you're seeing and you're

going to see more and more and more of

these. And you know, this one is a

market chase and this one really tells

the story by the price action here.

Could be a power of sale now. Who knows?

They've only got three pictures on here,

so it's likely a power of sale. And

basically, this is in Hamilton again,

and it's an over 35% loss. But that's

not really what the biggest theme of

this is. The biggest theme is this sold

in 2021 for over a million dollar. So

$1.01 million back in 2021. And then

look, they lease it out. The rent gets

increased. Then they list it for sale in

2025 at $900,000.

No takers. And they just start chasing

the market down. And at some point, the

bank probably took it from them. And in

a lot of people's case, they can't

actually afford to take that big of a

loss on it. They're going to go bankrupt

if they take that big of a loss. They

just can't afford to do it. So many

people are going to be in that

situation. So many people are sat on a

home right now that is upside down and

they don't even realize that there's a

term in their mortgage that could

completely obliterate them if the banks

want to do it. And it could happen if

credit gets really tight, which is

likely to come in this cycle. We've

already seen credit tightening in a lot

of different areas of the economy, some

banks as well. This is a one bed, one

bath condo. And it's an over 20% loss in

2 years here. And this condo is not bad

for a one bed, one bath condo. It's not

like one of the shoe box condos that you

get in Toronto. This is actually a

pretty decent size for a one-bedroom,

one bath condo. It's 783 square ft. So,

you can see here you've got a nice

kitchen there. Really nice, actually,

even with a second refrigerator/wine

cooler by the looks of it. So, a really

nice apartment there. And it just sold

for $425,000.

But guess what, guys? in 2024 that was

sold for $100,000 more at $535,000.

So, you know, it's lost 20% 10% every

single year. So, not really a good

investment. And if we go and take a look

at this, the condo fees right now are

$678

a month. You've got property taxes of

$4,452

a year. This $678

a month is likely to be well over $1,000

in the next five years. And probably in

the next 10, 15 years when whoever buys

this is paying off their mortgage, that

condo fee will be bigger than their

initial mortgage payment.

>> The condommonium market is is absolutely

dead right now.

>> I mean, it's the condo scam, it should

be called in Canada. I mean, you don't

own the land, and the land is the most

important thing when you buy a home. The

land is where the value is. The house is

just a liability, unless, of course,

you're renting out the basement or

something like that. So, this is 9245

Shovel Drive in Niagara Falls. I mean,

it looks like they definitely need a

shovel because I mean, look at the

amount of snow that they've got there.

So, Shovel Drive.

Oh, man. And I mean that has got to

cause some jokes within that community.

>> A few moments later,

>> it's a really nice house. This is an

over 14% loss in about 18 months, give

or take. So it just sold 14% gone. 18