When the bubble bursts

For roughly twenty years, many people in Canada have come to see property as the most dependable place to put their money. That conviction, and an almost fixated devotion to owning homes, pushed millions of households into borrowing on a enormous scale. The result has been a national debt load that has roughly tripled, leaving Canada among the most heavily indebted countries in the world.

The author draws on dozens of formal interviews and far more informal exchanges with ordinary Canadians, including individuals and couples. This second edition also examines the economic circumstances and regulatory decisions that allowed such a risky situation to take hold in a country once known for its cautious, conservative approach to money.