.The Canadian housing markets has not yet experienced a housing bubble bust like the US did yet, but they have never been a run-up in prices like the past 20 years either, nor have they ever had such insane levels of household debt.
Canadian housing markets are in a category of their own. No housing market in the US – no matter how crazy Housing Bubble One was, which began to implode in 2006, or how crazy Housing Bubble Two is or was , can hold a candle to the most splendid housing bubbles in Canada.
Instead of a Financial Crisis and a mortgage crisis and Housing Bust One, the bubbliest Canadian markets only had a little-bitty dip, and within months were back on track to what would be an 18 year housing boom that is now coming undone.
Prices are completely disconnected from local economies , especially in Vancouver and Toronto where you have
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