Not OP but in a nutshell, everybody who could bought an condo downtown (Toronto + Vancouver especially but this is broadly true of the country) with a home equi

Not OP but in a nutshell, everybody who could bought an condo downtown (Toronto + Vancouver especially but this is broadly true of the country) with a home equity loan from their main property as an investment, and the loan math only works if all properties are increasing in value and the interest rate stays very close to zero. Neither are true and unless something happens Canada could have our very own 2008 financial crisis. No biggie.