Was reading an article a few days ago saying this one is REALLY going to hurt in Canada.
Their manufacturing has fallen to the same levels as 1949, so there is NOTHING holding the economy up but oil, and very expensive oil, at that.
And Toronto condos. I used to have an office up their and it's amazing how people think they can continue to build mega condo building after mega condo building that sell a 600 sq foot studio for $400,000+ and continue to make money. The second the Chinese realize that it's not an automatic money maker and the cranes come down, Toronto is screwed.