Canada Has Its Own Housing Bubble—And It's About to Burst

Jan 17, 2014   //   by   //   Mortgage News Daily  //  Comments Off on Canada Has Its Own Housing Bubble—And It's About to Burst

By Around the Web Ever since the real estate bubble burst in the United States in 2007, observers have pointed to Canada as an example of a well-regulated financial system that has avoided many of the regulatory mistakes that helped lead to an American crash. But Canadians weren’t able to perch on their high horse for very long, as a bubble of their own has been inflating for the past couple years. And now many analysts are watching for that bubble to burst, and soon. What has so many observers worried? A few things: 7.5% of the Canadian workforce is in the construction industry, while 7% of the……(read more)

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