“The Canadian housing market is headed for a significant bust, in my view. Those who understand and are properly positioned may gain fortunes. It’s going to be a repeat of the 2008 mortgage bubble deflation. Only it’s happening to the north. This is just what happened in the 1970s. During that decade-long golden bull, housing prices went up and down before going down hard as interest rates rose. If all these bright people can see what’s going on, why can’t the upper echelon of Canada’s economic class, including bankers, economists and realtors? These pundits once again are populating the airwaves with assurances that Canada’s housing market will continue to boom.”

http://www.thedailybell.com/editorials/34942/Anthony-Wile-Good-Timing-Financial-Times-Affirms-the-Canadian-Real-Estate-Bust/

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