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Our Canadian RE bubble is the "last man standing" in the Western World. When it crashes, it will be fast and furious (15-20% per year for 3 years or so in my humble opinion). As a result of the crash there will be a immense banking crisis in Canada, which will bring the economy on its knees. Say what you want, but we are no different than the rest of the developed world (compared to US we are actually much worse).
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