[voisin]

Canadians can’t walk away from their mortgages the same way as Americans. Mortgages are recourse to all your assets.

[oliwarner]

Canadians can file for bankruptcy. That's essentially the at-scale risk of what we're talking about here.

The IMF says Canada is the highest risk market for this collapse right now too. It's going to be a rocky few years.

https://financialpost.com/news/imf-warns-canada-highest-risk...