“Canadian home prices are up nearly 100% since 2000, according to Euro Pacific Capital. And there are other characteristics that do bear some striking resemblance to America’s housing boom-bust story. Moreover, this comes at a time when the nation’s economic outlook has become uncertain.” (Financial Post: (October 4, 2012).

This article provides several charts and graphs to support the author’s theory that Canada may be the next housing bubble; however, theories do not constitute facts.  The banks predict a mild “market correction.” Immigration as well will insure new buyers continue to enter the market.  Even if there is a “market correction” as predicted – such a correction would favour the rental market.

Please click link to view full article:

http://business.financialpost.com/2012/10/04/everything-you-need-to-know-about-canadas-housing-bubble/

We welcome your comments below.