Sunday, May 24, 2015

Canadian home prices to fall 40-50 per cent, financial author says | Globalnews.ca

Canadian home prices to fall 40-50 per cent, financial author says | Globalnews.ca: "His new book, When the Bubble Bursts, was released this month across the country, and is one of the most fulsome looks yet at the current state of Canada’s much-fretted over real estate market. His call is that Canadian real estate is poised for a painful 40 to 50 per cent drop in value when the bubble pops.

MORE: Harper sees no need for action in housing market, as rate wars rage

MacBeth, a portfolio manager for Richardson GMP in Edmonton, sat down with Global News to lay out his case for why believes the housing market is grossly overvalued, and where homeowners go from here:"



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