Yes, you heard that correctly.
The word “bubble” was used in a discussion on a national news broadcast.
The CBC discusses the Canadian housing bubble with four economists and gets a fairly unanimous agreement: The Canadian housing market is overpriced and bubbly in many areas.
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Remember just after the US bubble peaked? There were foreclosure bus tours in places like Vegas and Miami.
Did you ever think you’d see something like that in British Columbia?
Apparently it’s happening on Vancouver island right now.
This video clip from CHEK news shows people shopping for a good deal to flip or rent out now that there are so many owners going into foreclosure who were unable to flip or rent out their property.
Might be a tad early on that one.