I would point out that the chart refers to Canada which never really had the real estate bubble pop in 2008 because it never had the credit crisis because banks

I would point out that the chart refers to Canada which never really had the real estate bubble pop in 2008 because it never had the credit crisis because banks are generally more conservative in Canada. However, the bubble is there and has been growing for a very long time, just slower than it did in the U.S..