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.
Key Topics:
Unceded territory crisis: 90% of BC at risk from aboriginal land claims
Richmond ruling fallout: Homes unfinanceable, sellable only at 30-40% discounts
Kamloops & nationwide claims: Entire cities disputed, property taxes in jeopardy
Housing crash data: 18% national drop, slowest sales in decades
Vancouver affordability nightmare: $2M homes vs. Bitcoin metrics
Investor exodus: From negative cashflow condos to Bitcoin stacking
Bitcoin as escape: Why Steve ranks it #2 on his balance sheet
Economic chaos: No productivity, immigration overload, resource pivot needed
Fourth turning vibes: Cities crumbling, return to rural & religion
Self-custody power: USB your wealth amid global uncertainty
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:
YouTube:
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36 Comments
It will be appealed for the next 20 years, relax
The bank will loan you 23 bitcoin for a house
Oh my.lord!
I visited Kamloops two years ago and saw lots of empty commercial and empty land parcels. No wonder, it was hidden from public view
The tragedy is that the court and government are hiding it from public
If the government breaks down you're not safe in the countryside and you'll be at risk of having your property seized by armed cartels. Better to make sure the government doesn't break down.
Hey there those guys who voted liberal. Enjoy
Pick up your USB stick and move. GREAT ADVICE😂😂😂
Canada,.especially BC is soft af. Why are the governments entertaining any of this?!
Bitcoin and gold are actually the complete opposite trades
The whole is a construct , designed to create instability and chaos by the Masters . Indigenous people never had title of any land , is is a construct , made up out of thin air . how come no one is questioning the reasoning of the Judge in question, are we made to believe he did not foresee the lunacy of said judgement? ….we do not have to be sheep to this idiocy .
Canadian real estate is like microstrategy
Perhaps the governments that own mineral rights should negotiate with First Nations for part ownership of those mineral rights and leave the fee simple titles alone. Down the road, if the First Nations want to drill somewhere, they would have to purchase the land, just like any other company would do.
Why am I not surprised that a Realtor, one that enriched themselves and drove up the property prices to this astronomical level is into Bitcoin. There is a reason the Whales are getting out of Bitcoin, it's a glorified Pyramid scheme that collapses when the sheep realize they have been fleeced! If this was such a great investment these Bitcoin pushers wouldn't have to keep attracting sheeple or the whole damn pyramid collapses. They know it hence they push it so aggressively.
The mother of ALL Bubbles of the bubble 🫧 its a monster happening now…just pushed down but within 2 yrs its going to get reslly ugly
Bitcoin are tuliup bulbs, gold is money. Allocate your fiat currency accordingly.
Don’t pay taxes until they figure it out. Let the Indians pay it if it’s theirs
They should also be suing for fraud. The banks sold them something that they didn't have the right to sell. Essentially stolen property, put the bankers in jail.
I live downtown Van and i often feel like I am living in an episode of the Twilight Zone. You could be at the beach with a group of people, point to a massive tsunami coming, and they'd simply refuse to look. They'd tell you to stop being crazy or look at you like they’re making first contact with an Amazon tribe member who speaks in finger snaps and whistles. I'd say out of that group, maybe 5 out of 20 people would actually get past the contagion of cognitive dissonance and actually hear you and look, save themselves and hopefully help others too. This is the only metaphor that I could think of to try and convey the typical thought process/reaction of wayyy too many here lol 🫠
Steve is on point as usual
also with orange man scammer family linking stable coins to us treasury bonds, where us national debt is at 38 trillion going to 61 trillion in 8 years or less, you just end up with a fiat currency of stable coines linked to us treasury bonds.
dont buy bitcoin, buy gold, you get something actually physical that has been used to preserve wealth for centuries. bitcoin is just speculation and code with nothing worth in value really. only thing keeping value for bitcoin is confidence, and if it looses that, it goes to zero.
Something I hadn't considered was the fact that our crude oil has to be refined, plus it's far more expensive for Asian countries etc. to import our oil so instead, I'd focus on producing by products of our oil rather than deal with the constant battle we face regarding building another oil pipeline West. And in the meantime, continue to transport our oil to the US as we have been.
This happened: The war of 1812!
I think these land claims are preposterous, however, if they must insist, then I would also say they have to pay for all costs associated with developing/maintaining/taxes etc. on whatever land is being claimed.
I'd buy gold and silver any day before I'd touch bitcoin!
Go Steve🎉🎉🎉🎉
When the green light goes on, cell towers and substations are priority targets, just saying 😉
WE, as First Nations in Treaty areas, like Alberta, with 99-year leases. Again, the costs are on the owner, and the tax or land rent is paid to the First Nations. And yes, banks have discriminated against First Nations forever and continue.
BC government failed to inform the fee simple owners of the challenge to ownership in courts ❗️
In order to create productive economy; real estate scam has to be out of the Canadian economy.
No crush. Iol. Simply a condo housing over supply price readjustment.
Our legal system has been hijacked.
WAITING ON PART2 SIMON'S DIXON INTERVIEW
Boomers were all invested in Brookfield-Retirement funds. They Voted for the CON-Man that ONLY cares about His-Riches, while he steals the Boomers Retirement. None of them have any idea what they have unleashed on the COUNTRY.
BTC will correct the housing market eventually. Bitcoin going to 10x then 100x will begin to correct aLot of Markets. Housing will be Super-Cheap