Even if real estate were to implode, Canada has a pretty much permanent sickness on account of being a "rip n' ship" resource exporter over everything else. Since confederation.

It lends itself to a rentier capitalist model, and to oligarchies, and to a stagnant conservative investment class that just wants to coast off their proximity to resources.

Real estate coasting is arguably even worse, but not by much.

Notably the United States is actually trying to make this worse with their tariffs on us. Alberta oil and gas is tariff free while our value added manufacturing sectors are highly tariffed.

It makes no sense to try to kill Quebec's aluminum sector since it's the most logical place to smelt aluminum on the whole continent, but they're trying to, anyways.

American here, it makes me want to pull my hair out the way Trump confuses tariffs on inputs with tariffs on things we make here in the States. We have a ton of big (as in: employing tons of well-paid people) industries here that need to buy metals and comparatively few people employed in mining and smelting.

A 5-year-old could correctly answer that we should then NOT try to make metals cost more because that screws our big industries while helping almost no Americans. But somehow our tariff policy is set by people with less sense than a small child.