What in the fuck are you talking about ? You think housing prices in Toronto and Vancouver are inflated because of subprime loans caused by central banking policy ? You ' re describing the cause of the great recession . Our banks do not do that . And if they did it would inflate housing prices hugely all over the country , not just in two cities . And if that were the case , it would be all anyone was talking about seeing as how that exact same issue tanked the world economy eight years ago . But , our banks are much more stable than the US , much more responsible and much less leverage . You seem to just be repeating a six year old criticism of banks in a different country . But let ' s ignore all that stupidity and speak to your point that housing prices are caused by government intervention . The housing markets with the highest level of government influence , like in Montreal , are the ones that are under the most control . Toronto and Vancouver housing markets are a result of the free market and are perfectly in line with every other worldclass city that doesn ' t have government controls on realestate . London , New York , Seattle , Hong Kong , SF , Chicago , Miami , Paris etcetera all have comparable real estate markets . That ' s what happens in a free market when you have limited supply and high demand . Your last paragraph has two stupid points 1 . liberal arts degrees result in ' no additional earning power ' and 2 . that government intervention has increased tuition . Firstly , liberal arts degrees hugely increase earning power over the same person not getting a degree , and as such there are many , many private institutions willing to loan people money to get a liberal arts degree . The expected earnings for someone with a liberal arts degree are about 30 % higher than those same people without the degree . But secondly , your claim that government loans increase tuition rates , while true , completely misses the point . University is getting more and more expensive because it is becoming more and more clear how valuable education is . If my expected earning increases by a million dollars per decade with an engineering degree , then the cost of that schooling decided by the free market would be incredibly high . To see this , all you have to do is look at the US , who has always had a lessregulated education system , and as a result has always had higher tuition . The only thing holding tuition down is government regulation . Left to the free market it would be Devry and ITT Tech as far as the eye could see , where the tuition is barely lower than your expected earnings increase .