UMP Episode 26: The Canadian Economy Is at Risk of Its First Financial Crisis with Steve Saretsky

In this episode, we are joined by Steve Saretsky, renowned Vancouver Realtor, author, and host of the very popular Loonie Hour Podcast. We delve into the pressing issues facing Canada’s economy and Steve shares his insights on why he believes we could be on the cusp of Canada’s first financial crisis. We dive into what Steve is seeing on the ground from one of the world’s most expensive real estate markets, the impact of rising rates, inflation, and much more.Steve Saretsky is a Vancouver Realtor and author behind one of Vancouver’s most popular Real Estate Blogs. Steve’s dedication to analyzing the stats, financial landscape, and policies affecting Vancouver Real Estate has allowed him to build a successful business among the top 1% of Greater Vancouver Realtors* while working with and providing advisory services to investment advisors, financial institutions, policymakers and Real Estate developers.0:00 – Intro0:36 – Steve’s Background2:30 – Starting The Loonie Hour Podcast3:45 – Steve’s Outlook on The Canadian Economy9:17 – Canadian Housing Market Resiliency18:01 – Canadian Housing Shortage22:45 – Bank of Canada Interest Rate Pause27:20 – Hard Landing For Canadian Economy29:40 – How Steve’s Portfolio is Positioned33:51 – Where to Learn More About Steve FOLLOW Steve Saratesky: - Twitter (X): https://twitter.com/SteveSaretsky- Website: https://www.stevesaretsky.com/- YouTube: https://www.youtube.com/@saretsky- Substack: https://stevesaretsky.substack.com/FOLLOW THE SHOW: - Understanding Macro Twitter (X): https://twitter.com/UMacroPodcast - Website: https://www.understandingmacro.com/ WHERE TO LISTEN: - Website: https://www.understandingmacro.com/ ABOUT THE SHOW: Welcome to the Understanding Macro Podcast, where we explore the intersection of technology, macroeconomics and financial markets. Each week we aim to bring you thought-provoking conversations with our expert guests or introduce you to new concepts to help make you a better-informed investor. Whether you’re just a finance nerd like myself, a seasoned investor, or simply interested in how the macro economy affects your daily life, Understanding Macro has something for you. **Nothing in this show is intended to be investment or financial advice. This content is for entertainment purposes only. Please consult a financial advisor before making any investment decisions**. #investing #stocks #economy