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The Biggest Housing Collapse in World History?

There are now many countries in the Western world where incomes have failed to couple with home prices, and the differences are far beyond what we have here in the United States. The biggest example of this is Canada, our neighbor to the north. If you're feeling the pinch in the United States, a glance at the Canadian market might make you reconsider. Take Toronto, for instance. A typical home here commands over 1,000,000 Canadian dollars, and the upward trajectory seems unstoppable. In multiple years since the 2008 downturn, home prices in this city have surged by double digits. In 2009, prices shot up by 10%, in 2016 by 20%, in 2020 by 12%, and in 2021 by a staggering 27%. With sustained growth like this, the compounding effect kicks in, resulting in exorbitant prices that defy rationality. News Clip    • Biggest housing bubble of all time? |...