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02-26-2013, 09:13 PM
  #20
silvercanuck
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Country: Canada
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Quote:
Originally Posted by MountainHawk View Post
Some Canadian cities have severe housing bubbles that will pop like the US housing bubble did. This will happen independently of the US. Canadian mortgage laws will mean the recession won't hit as hard, but it will hit eventually.
They've been saying that for the last twenty years. All that happens is prices remain flat for awhile and then they appreciate even more. The market in Canada is completely different from the US. There is less real estate, more foreign ownership, and mortgages are much harder to come by.

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