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Canada: Is there more real estate chaos to come?

Posted on 30 November 2011

It could well become the cocktail-party question of the holiday season: Is Canada’s gravity-defying housing market headed for a fall? The Economist says Canada is one of nine countries in the world where housing is overvalued by 25 per cent or more right now — and among four where prices are in line with those in the U.S. “at the peak of its bubble.”
The others are France, Australia and Belgium, it says under a headline that claims “the bursting of the global economic bubble is only halfway through.”……………………………………….Full Article: Source


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