Major Canadian Housing Crisis, Using Homes as ATM Machines, Using Debt to buy food

🇨🇦 1. Canadian Housing Crisis = Destroyed Middle Class
Canadian housing market is unaffordable, mirroring Australia and New Zealand.

Massive foreign money laundering (especially from China) has inflated real estate prices.

Middle-class Canadians can no longer compete with foreign capital.

📉 2. Ontario Unemployment = Recession-Level Warning
Official rate is 7.9%, but Mike claims real rate is closer to 14–16%.

It’s not due to job losses per se—but due to massive immigration outpacing job creation.

He suggests Canada's aggressive immigration policy is inflating the labor force, worsening unemployment.

💳 3. Household Debt Crisis
Canadians are taking on more debt than their incomes can sustain.

He brings up past predictions and videos warning that homes were being used as "ATM machines", with people refinancing to afford living costs.

The debt-to-income ratio is now dangerously high (approaching 173%), with 150%+ already considered high risk.

🏦 4. Interest Rate & Inflation Doom Loop
Low interest rates offered temporary relief, but created artificial demand.

Rate hikes now are worsening the crisis, making food and essentials unaffordable because people are locked into large mortgages.

He links the pandemic as a trigger pulled to manage or distract from the already-failing economic fundamentals.

💸 5. Money Laundering = Core Problem
Consistent claim: Chinese money laundering inflated property values in places like Vancouver and Toronto.

He criticizes the Trudeau government's first-time homebuyer loans as naive or complicit, pushing locals into massive debt to compete with dirty foreign capital.

Calls out those who say, “Don’t blame the Chinese, blame your government,” by saying both are responsible—Canada’s leaders let this happen.

🏚️ 6. Affordability Comparison with the U.S.
He contrasts homes in Canada vs. affordable rural properties in places like Alabama or Florida, some under $100,000.

Argues Canadians are brainwashed into thinking they have better healthcare or security, while they actually pay more for less.

Gun rights, freedom, and cheaper land in the U.S. are portrayed as superior options.

🧾 7. Predictive Track Record
Repeated references to past episodes and predictions: videos from 6 to 10 years ago warning about:

Housing as ATM machines

CCP influence

Fentanyl money laundering into real estate

Economic collapse driven by policy failures

🔚 8. Final Message: “Canada is Finished”
He frames Canada’s situation as irreversible unless radical political change occurs.

Says young Canadians are leaving, the middle class is wiped out, and the country is now run by foreign and criminal interests.

He ends by urging viewers to compare international housing prices and “wake up” to what’s really happening.