History shows few real estate crashes

"Many people think that somehow Canada is immune to all of this ... but the likelihood is they're wrong," writes the Tory turned Liberal MP, who appears hellbent on bringing down Prime Minister Stephen Harper. He warns that Canadians have never had as much of their net worth in real estate "more than 80%, on average," which makes them undiversified and prone to the kind of misery that has hit American homeowners.