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Mentor Sessions Ep. 042: Canada's Real Estate Horror Exposed: Unceded Land Claims Spark Massive Housing Crash – Why Top Expert Stacks Bitcoin | Steve Saretsky (Loonie Hour)
Canada's real estate empire is crumbling. In this explosive interview, top Vancouver realtor and Loonie Hour co-host Steve Saretsky reveals how a single BC Supreme Court ruling on unceded territory has made 150+ homes unfinanceable overnight, sparking a wave of aboriginal land claims that could engulf entire cities like Kamloops and even Parliament Hill. With 90% of British Columbia on unceded land, property rights are under siege—lenders are bailing, sales are tanking, and national house prices have plunged 18%, the sharpest correction in 30 years. Steve breaks down why this housing crash is bigger than 2008, with Toronto condo sales hitting record lows and Vancouver homes now costing just 8 Bitcoin (down from 2,350 in 2015). As investors flee cashflow-negative rentals amid strict tenancy laws and soaring rates, Steve explains his Bitcoin bull stance: it's the ultimate hedge against fiat debasement and property chaos. Don't miss this wake-up call on why Bitcoin trumps bricks in a broken system.
Chapters: 00:00 Teaser 00:01:25 Intro & Richmond BC Aboriginal Claims 00:01:53 Background on Unceded Territory & Treaties 00:03:54 Co-Existing Titles Dilemma 00:04:49 Lender Reluctance & Financeability Issues 00:05:35 Lands Unsaleable Without Discounts 00:07:24 Emerging Claims Across BC & Canada 00:08:08 Kamloops Entire City Under Dispute 00:08:30 Ottawa/Quebec Bands Inspired by Ruling 00:09:23 Parliament Hill on Unceded Land? 00:09:30 Rectifying the Crisis & Government Response 00:10:01 Property Taxes Lawsuit Implications 00:10:40 BC Real Estate's GDP Impact & Slowdown 00:12:08 New Construction Collapse 00:13:54 Investor Pullback & Sales Data 00:14:36 Seller Price Resistance & Market Freeze 00:15:19 Sharpest Correction in 30 Years 00:16:20 Bank Massaging Defaults
About Steve Saretsky: Top Vancouver realtor, real estate investor, and co-host of The Loonie Hour podcast. Widely regarded as a thought leader in Canadian Macro. X: @SteveSaretsky Loonie Hour: https://thelooniehour.ca/ YouTube: https://www.youtube.com/@Saretsky
Previous Episode: JP Morgan & BlackRock’s Coordinated Attack on MicroStrategy Exposed: https://youtu.be/vytDFdtKnrU
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