Canada's version of "The Big Short", a decade later. I would be shorting all six of Canada's banks right now but for the fact that Morneau takes dictation from them, so they have their asses covered by taxpayers and CMHC [er, taxpayers]. Funny thing is, new Canadians figured out the residential property leverage game long before lazy WASp's, who are only now talking about investing over cocktails and between policy meetings.  Low interest rates and loose bank lending is the fuel to this bonfire..