Sure, there's the "got mine" attitude where you just ignore the problem.

How does that approach address issues like the inevitable correction that will occur, along with financial contagion that could spread to the rest of Canada's economy? Will you be happy if you lose your job because lenders halt lending and your employer cannot get credit? At least you will have your house.

And I assume you enjoy other aspects of Canadian life such as vibrant private enterprise and government benefits such as healthcare. How are we going to fund those 20 years from now if an entire generation of taxpayers is crushed under huge first-time mortgages and has no free money to support consumption in our economy (the single largest contributor)? It's okay though right because you have your house.

Ignoring financial bubbles just because you like the look of things on the way up is not sound investing nor sound policy.