subprime are not the same as 40 yr, 0 downs at all. Canada does not have the syptoms that the US had, and should not have the same results.
Having said that, the US market plays into Canada alot, and even if the problem wasn't ours, it will effect us. Canada's real estate drop is a latent effect of the US screw up, and to predict it will have the same collapse as the direct effect they had is quite bold.
The biggest threat to Canadian housing prices is fear, and if fear can cause us to collapse as much as the US did, that's pretty sad. I hope it doesn't happen and don't thinkg it will.
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