If or when it pops, it will wipe out the savings of most of the country. There are so many folks depending on their house to fund their retirements, that there

If or when it pops, it will wipe out the savings of most of the country. There are so many folks depending on their house to fund their retirements, that there is no possibility the Government would ever allow a meaningful Interest Rate hike or anything that would adversely affect real estate value. I suspect most Canadians know this and understand it is a sure way to make 20% returns on their money (safer than a Canada Savings Bond). My advice is to borrow as much as you can and buy a house in Toronto. It will double in value in the next 5 years. There is absolutely no possibility the Gov will allow your investment to fail. For Canadians that can't buy, I suggest you lobby your Gov to force Corporations to implement mandatory WFH for at least 80% of employees (that can). This should allow you to live in rural Canada somewhere and participate in property ownership. The other solution is to sell millions of acres of Crown Land to Canadians who are first time property owners.