Probably it's because of gov't intervention.

The fundamentals are still way off on the housing market.

>>1272485
boomer parents are now getting lines of credit on their own houses so that they can gift their kids the 5% downpayments. no one foresaw millennials being such faggots.

Government won't do shit as long as the taxes rake in for them

How can you have a country where people can't afford their own homes or land

>>1272485
Only if by gov't intervention you mean corrupt Chinese communist party officials hiding their money.

>>1272662
What I meant was lax legislation around loans and downpayments, like >>1272492 said.

Check out the blog greaterfool.ca, it goes into depth about the problems facing Canada

>>1272466

Actually its hard as hell to get a mortgage in Canada. Whereas in the USA they gave sub prime mortgages to anyone who had a heartbeat, it was rather hard to get one in Canada. Therefore when the market's crashes the Canadian housing market didn't really get affected.