Personally I don't think the Canadian government will be able to lessen the blow from the current real estate bubble they are facing. When the U.S. housing market crashed in 2007, Canada's housing market (which was already overvalued at that time) only had a slight hiccup and then keep climbing into bigger bubble territory. In my opinion, it's only a matter of time before this bubble pops.
RE: Canadian Housing Bubble Will Burst
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Canadian Housing Bubble Will Burst
That is very scary. Some of the people who recently bought houses in Toronto are now paying mortgages greater than the value of the homes they bought.
As an investor, what do you do to protect your wealth?
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