[abeppu]

Is there a convincing explanation of why the US and Canadian markets behaved differently? Were Canadian banks smarter about what loans were issued? Not being a Canadian, most of the stories I hear about Canadian real estate are about international investment by the global rich -- is that a large enough share of market to support prices even through a recession?

[newsclues]

Canadian economy is less diversified and overly reliant on housing as a component of GDP, so policy has been distorted by the housing market and the corruption/money laundering that goes along with it.

[namelessoracle]

Why wouldnt it be?