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Book a Call with the Ragona Sisters: https://calendly.com/ragonateam Millions Can't Pay Their Bills In Canada! Canada's Housing Market Deepens - 1.4M in Debt & Defaults Rising Fast Canada’s housing market is showing serious cracks. According to Equifax, over 1.4 million Canadians are now behind on their payments — and it’s not just mortgages. Credit cards, car loans, and lines of credit are all feeling the pressure. This is the highest level of delinquency since the 2009 financial crisis. In this video, we break down what’s really happening beneath the surface: rising debt, household defaults, and a tightening credit environment across cities like Toronto, Vancouver, Calgary, and beyond. Is this a short-term shock… or the beginning of a deeper correction? Watch now to get the full story — not the sugar-coated headlines. 📊 Featuring data from Equifax Canada 🏠 Real talk from the Canadian housing frontlines 🔔 Like, share, and subscribe to stay ahead of the market Visit us at ragonasisters.ca #CanadaHousingCrisis #CanadianRealEstate #EquifaxReport #MortgageDefaults *This video, nor any of the other videos on the Ragona Sisters Real Estate & Market YouTube channel, do not constitute legal or financial advice. This is strictly intended for educational and entertainment purposes only 0:23 – Highest Delinquencies Since 2009 0:44 – Credit Tightening in Toronto, Vancouver, Calgary 1:12 – Ontario Loan Defaults Up 24% 1:37 – Gen Z Hit Hard by Credit Card & Auto Loan Defaults 1:51 – Banks Pull Back on Mortgage Exposure 2:01 – What Is the Benchmark Price Composite Index? 2:18 – Buyer A: Bought Before the Boom 3:16 – Market Peak: February 2022 Explosion 3:48 – Buyer B: Bought at the Peak, Now in Trouble 4:20 – $200K in Equity Lost 5:12 – Mortgage Renewal Hits Hard in 2025 6:01 – Underwater Mortgage Math Breakdown 6:28 – Why Some Owners Are Walking Away 7:00 – Lenders Are Pulling the Plug Fast 7:33 – Pre-Approvals & HELOCs Being Slashed 8:13 – GTA Real Estate: Listings Up, Buyers Down 8:33 – Rent Softening & Studio Units Sitting 9:00 – Pre-Cons Not Appraising: Investors Stuck 9:49 – This Is What a Housing Reset Looks Like 10:25 – What Should You Actually Do Now? 11:00 – You're Not Alone: Lots Are Feeling Stuck 11:52 – Smart Buying Examples in Vaughan & Simcoe 12:48 – Hope Isn’t a Strategy – Smart Money Moves