Canadians who pay any attention to the world around them are gradually coming to realize they have been living in a fool’s paradise.
In that dreamy world, certain verities stood like granite pillars. Canadian housing was the safest investment you could imagine, a sure thing in an uncertain world. Inflation was a thing of the past, something that our parents or grandparents worried about.
Borrowing lots of money to buy houses and other nice things was only smart and sensible, the cost of loans was so low. The Canadian health system was second to none. Our national defence was in safe hands.
One by one, the pillars have been crumbling.
