Easy to tell, if the price of an average home, say 2,000 for a middle income class family is roughly 2.5 times their annual income, and a vast majority of the loans for the homes included a 20% down payment then Canada would be fine.

If your banks are lowering lending standards, and via the prime rate making artificially low interest rates (say less than 4%) Canada is blowing a bubble in their housing valuations.

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