Not long ago, Canada's largest non-bank mortgage supplier Home Capital Group suffered from a serious liquidity crisis. Anbound research team suggested that the Canadian property market bubble burst signs is worthy of attention. Now, with more information emerging, this evaluation is being confirmed. According to the "Urbanization-Liquidity Surplus-Crisis" model presented by Anbound's chief researcher Chan Kung, the global central banks created a global surplus of capital after the financial crisis, boosting global asset prices. Now, the global excess liquidity still exists, but the asset bubble cannot be maintained forever, it has probably been close to the stage of crisis.