I INTRODUCTION
i The current Canadian wealth situation
On its 150th birthday on 1 July 2017, Canada was hailed as a
country that has lived up to its official motto of 'peace,
order and good government'. It is looked to increasingly as an
oasis of calm and financial and political stability in a world
that, in particular, in the last year, has been on a rollercoaster
ride of unprecedented change rocked by a number of unexpected
political events – the outcome of the US 2016 presidential
elections and the election of Donald Trump, Brexit, and heightened
tensions and serious conflict in the hotspots of the world.
But Canadians cannot be complacent. Lurking beneath the surface
is a variety of undercurrents that spell potential turbulence and
trouble ahead. One is the red-hot housing market, particularly in
certain urban centres such as Vancouver and Toronto, and now the
prospect of a potential housing correction, which, depending on its
severity, could create a tidal
