#canadianrealestate #canadianeconomy #realestateagents In this episode, Cortez Ranieri discusses Canada's alarming household debt to GDP ratio, which stands at 103%, and its implications for the economy. He highlights the risks associated with high household debt, including potential defaults and economic stagnation. The conversation then shifts to the urgent need for a trade deal with the U.S. as Canada faces significant tariffs. Ranieri emphasizes the importance of energy independence and the necessity for new infrastructure. Finally, he examines current trends in the real estate market, predicting further price declines amidst ongoing uncertainty.TakeawaysCanada's household debt to GDP is at 103%.High debt levels can lead to economic stagnation.Defaults may rise if economic conditions worsen.Trade deal with the U.S. is critical for Canada.Tariffs could push Canada into recession.Energy independence is essential for economic stability.Majority of Canadians support new oil infrastructure.Real estate market shows signs of stagnation.Predictions indicate further price declines in real estate.The economic outlook remains uncertain. 1. Book A Call With Us Here (It's absolutely free) 🏡 👇🏼https://calendly.com/cortezandbrooke2. Sign Up For Our Newletter 👇🏼https://cortezranieri.substack.com/3. Other Contact Information 🤝📱 call or text 289-795-5773📧 email: [email protected]💻 website: https://brookehicks.comChapters00:00 Canada's Household Debt Crisis04:44 Trade Deal Tensions with the U.S.09:25 Energy Independence and Infrastructure Needs10:48 Real Estate Market Trends and Predictions