Young Canadians have been priced out of the market for a long time in most of Canada. Housing never corrected in Canada through 2008 this is long overdue.
Pension funds are bailing out sub prime lenders....going to brutal when the piper must be paid.
http://www.zerohedge.com/news/2017-04-27/crashing-canadian-mortgage-lender-bailed-out-321000-retired-ontario-healthcare-worke