18.01.2012 - Bryan: That Canadian housing bubble remains elusive
Are Canadian home prices really floating on top of a big bubble? Probably not. But there continue to be reputable observers who are willing to describe today’s undoubted priciness as a “bubble.” Why is this? Much of problem is a simple problem of word inflation. “Overvaluation” isn’t very scary, so analysts who want to ensure that they’ll attract some attention are tempted to use the term “bubble,” which actually means something far worse than just high prices...............................................Full Article: Source
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