Thing is, historically, Canada was incredibly innovative. It seems there was a culture shift somewhere in the 90s where "getting a good job" became the goal of Canadians.
We can see this echoed in education data. Canada has become the most educated nation, but is so because of an exceptionally high rate of vocational training. Canada lags well behind when it comes to research-focused education.
As seen in the link's charts, the US housing market crashed in 2006 because, after a period of innovation stagnation (Dotcom bust, 9/11), new innovation was taking hold. Investors left housing to ride that train, and thus the price declined. The people of Canada do not appear to have it in them to offer anything other than housing to investors.
Thing is, historically, Canada was incredibly innovative. It seems there was a culture shift somewhere in the 90s where "getting a good job" became the goal of Canadians.
We can see this echoed in education data. Canada has become the most educated nation, but is so because of an exceptionally high rate of vocational training. Canada lags well behind when it comes to research-focused education.
As seen in the link's charts, the US housing market crashed in 2006 because, after a period of innovation stagnation (Dotcom bust, 9/11), new innovation was taking hold. Investors left housing to ride that train, and thus the price declined. The people of Canada do not appear to have it in them to offer anything other than housing to investors.