Quote:
Originally Posted by JRW
I'm surprised this needs to be spelled out;
It is generally accepted by many analysts, banks, economists etc. that there is a 30 to 60% housing bubble in Canada.
HENCE it is unlikely, impossible I would say to get a fair price for a house in this market. Realtor1 was talking about true value; no houses are selling for their true value currently, especially in Calgary.
When and if the bubble bursts, then he might honestly start using that term.
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I have seen many reports of a 15-20% bubble in the Canadian economy, however:
If it is "Generally accepted by many analysts, banks, economists etc" that there is a 30 to 60% bubble , please provide a few links to back this up from different respectable institutions and economists showing a greater then 50% expected drop? A respectable economists isn't "Mr Joe who runs a blog" but someone who has appeared in/on a major news outlook, or someone you can provide credentials for.