According to an article from Bloomberg, the Canadian housing bubble burst is imminent (https://www.bloomberg.com/view/articles/2017-06-21/canada-s-housing-bubble-will-burst). For several years, the Canadian housing market has been riding the bull, becoming increasingly-expensive as low supply-demand ratios and foreign investors drive the prices up. Analysts have been been speculating that the conditions are indicative of a bubble, and that a burst is long overdue. If this is true, this might send a ripple, if not a shockwave, across the Canadian economy, and perhaps the world.
Is there actually a bubble? Would it be like the US housing crisis? Can the Canadian government enact policies in time to prevent this?
Share your thoughts.
DISCLOSURE: I am not an expert in finance and economics. These opinions are not endorsed, and should not constitute, as official financial and economic advice.
