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The Next Gigantic Housing Bubble
That Everyone Expects To Burst

Business Insider, by Mamta Badkar

Original Article

Posted By:Photoonist, 10/4/2012 3:46:28 PM

Canada avoided many of the mistakes that the U.S. made in its housing market. Banking regulations and lending standards have been much tighter, and that has prevented prices from getting completely out of control. However, top economists including Robert Shiller and David Rosenberg are increasingly sounding alarms that the Canadian housing market is the next bubble and its about to burst. Canadian home prices are up nearly 100 percent since 2000, according to Euro Pacific Capital.

Comments:
Canadian home prices have risen too much too quickly. It's just not sustainable.

      


Post Reply  

Reply 1 - Posted by: avikingman, 10/4/2012 3:56:52 PM     (No. 8910005)

If measured in USD, throw in devaluation of the dollar.

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Reply 2 - Posted by: whyyeseyec, 10/4/2012 5:08:54 PM     (No. 8910204)

Oh boy. Will Canadians be our next group of illegals?

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Reply 3 - Posted by: thelmalou, 10/4/2012 8:13:34 PM     (No. 8910598)

Many are saying that the US will have another housing decline when the current properties held by mortgage companies are released for sale.


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