Steal? OK, prosecute!
Nonsense, the bubble burst and both banks and 'poor' people lost as values evaporated.

Too many people taking on mortgages that they couldn't ever hope to pay off, and banks too willing to lend, all riding the bubble.
US banks should have had the same lending restrictions as banks in Canada.
A slight dip in prices in Canada, but valuations already approaching pre-bubble valuations in Alberta; lower in some other provinces but within the normal expected swings.