RE: RE: Strong Buy Here...WHY???I assume you mean SHED some light mr yellsalot...
Canadians currently carry the worlds largest debt to income ratio in the world if current events speak truth. With rising interest rates these burdens are going to become unbearable leading to an umanageable load for a lot of Canadians. I strongly suspect many current debt holders will wake up one day with poor credit and the services provided by the SCGs of the world will really come to shine. That said I firmly believe the Canadian real estate market is in a massive bubble, swelling at the seams, ready to burst with mtg renewals coming up at higher interest rates. There are a lot of others on the other side of the fence saying "impossible, no bubble" of course, so only time will tell for certain. But given the current income/debt ratio, the fact that realty agencies are paying media outlets to post what appears to be total bunk (again, my opinion) and the fairly solid trend that shows that what happens to the US, usually happens to Canada 5 years later, these services will be invaluable in assisting Canadians in rebuilding credit. Just my opinion, and yes, I do think that the Canadian RE will be as bad as whats happened in the US. GLTA!