You never know exactly when a bubble will pop but 2013 is looking like the year that Canadian housing rolls over.
A Reuters polls says prices are expected down 10% and that homebuilding will slow sharply in 2013. It doesn’t say who was polled but I suspect it was economists.
In my opinion, the market is incredibly bad at pricing in lower house prices. The market tends to wait until the effects spill over to the real economy or until the central bank takes action. Patient players could hit the jackpot on CAD shorts next year.
