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 Chris ,

Canada's financial system was recently ranked #1 for soundness by the World Economic Forum to the IMF.  Link here

Youre right.  The likelihood of Canadians going underwater on their mortgages are clearly lower than the Americans who bought a house with hardly anything down, 20k/year salary, and at the peak of one of the largest housing bubbles of all time.


To add to your point, a Canadian firm just bought the Silverdome in Detroit for less than the average price of a Vancouver home. lol

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