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Originally Posted by RichieRich
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Well firstly, that's just the usual lazy analysis we see all the time about the "Canadian" housing bubble. I see it constantly and sure, it's true, as long as the market is purely Toronto and Vancouver. It's been mentioned many times though, that this isn't case across Canada and it's obvious to anyone looking for longer than a minute at the data.
And of course...anyone quoting David Rosenberg as some kind of authority on any forecasting is just out to lunch. Was that guy right at some point on something that I'm unaware of? He's been predicting a crash non-stop for as long as I can recall. I'm pretty sure we should be back in a post-apocalyptic wasteland if his predictions were actually in the realm of reality.