"1. About one-third of households in Canada carry a mortgage. The rest either rent or own outright."

So, what's that mean?  Well, latest statsCan puts households who own a home (i.e.: no mortgage/mortgage) at close to 70%.  

So, only a third of these actually carry a mortgage!  Wow. Not two-thirds or three-quarters, but just...1/3? Judging by what we read on these comment pages, Canada's going to housing Hell and a hand-basket.  

Hmm.  Maybe not.  Other posters: "Yeah, but consider the source..."