The Monumental Housing Bubble Up North: Canada’s Implosion May Be Next

Bubbles don’t land softly. They implode. It’s a brutal process. The longer bubbles are maintained, the more brutal their implosion. Housing bubbles are particularly vicious: they’re accompanied by a construction boom, which contributes enormously to the economy in myriad direct and indirect ways – from well-paid construction jobs to pickup truck sales. It was the collapse to the construction boom in the US that took down the Main Street economy, not the shenanigans blowing up on Wall Street. And the housing bubble in Canada puts the US housing bubble to shame....
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