The 2008 collapse didn’t really happen up here. I think the big five banks are so heavily regulated that the bar is exceptionally high for catastrophe. The stre

The 2008 collapse didn’t really happen up here. I think the big five banks are so heavily regulated that the bar is exceptionally high for catastrophe. The stress test rules around mortgages and mandatory default insurance for high ratio mortgages (less than 20% down) also help. Interest rates were incredibly low, but they still weren’t just handing out mortgages like we saw in the States in the previous collapse. Of course nothing is impossible.