HRUFF - Forget About The United States-The Real Housing Bubble Is In Canada
Last week, I covered how certain areas in the U.S. are overvalued and likely to see prices decline when interest rates rise. I don't expect a meltdown on the scale of 2008 but recommended avoiding any banks, homebuilders, and mortgage companies with concentrated exposure to the California, Nevada, Washington, Oregon and Florida markets. You can read the original analysis here.
Several commenters mentioned Canada so I decided to look into the data on Canada's housing market. What I found could be disastrous. The issue also seems to be getting a fair deal of attention on