How Canada resembles a slow-motion replay of the American crash.
An expatriate always thinks about going home. The longer the time abroad, the stranger the prospect of re-entry feels.
But if you're a Canadian living abroad these days, the idea of returning home has become downright frightening. Stories are now routinely surfacing in the Canadian media suggesting collective madness when it comes to affordable living.
Our biggest real estate markets — Toronto and Vancouver — seem to have decided they're really London and Manhattan. Several of our smaller cities are wildly optimistic, too, with year after year after year of six-, seven-, even 10-per-cent increases in property values. (more)