A Likeability Problem – Part III

The Housing Crisis and Inflation

The United States subprime mortgage crisis of 2007 through 2010, which contributed to the 2007-2008 Global Financial Crisis, was triggered by the collapse of a housing bubble and led to a significant decrease in the price of US houses.  While the crisis was global, it left Canadian home prices relatively unscathed, as the two graphs below show:

 Instead,…