Oh, Canada, Crack House or Mansion?

I recently spent quite a bit of time in Canada for business. I really liked it there, I can see many advantages for the average person to live there.

But, there is some troubling indicators from Canada. First and foremost, their real estate market hasn't crashed like many other places. But that isn't to say they don't have over-valuation issues.

Mish wrote some good articles linked below, but this link from friend Paul Lomba is by far the most entertaining AND educational site. I highly recommend you play the game:

Crack House or Mansion? (Vancouver Canada real estate)

Mish Articles

California USA vs. Ontario Canada - Which State (Province) Is In Worse Shape? Canadian Banks vs. US Banks Comparison

Housing Bubble Comparison: US, UK, Canada, Spain, Australia, Japan