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As I understand it, the Canada housing market is significantly more broken than the US one overall:

https://awealthofcommonsense.com/2023/09/the-u-s-housing-mar...

Also, isn't there now a massive concern about large scale loan defaults and bankruptcies the next time mortgage rates reset in Canada?

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Structurally, the Canadian housing market is much less broken than the US, IMO. Toronto and Vancouver are adding housing at rates unparalleled in any US city outside of Texas.

But Canada also has population growth ~10X that of the US.

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