Canadian Housing Bubble

[trent]

For all Canadian homeowners who still think there's no housing bubble in Canada, and "it's different here":

http://www.zerohedge.com/article/guest-post-elusive-canadian-housing-bubble

[Canadian]

Whoa, I knew there is a Canadian housing bubble, but what I read is downright scary! It looks like the Canadian real estate market might plummet 40-50% from here. Imagine what will happen to the "consumer economy" then...