Jul 16, 2012 Business Insider financialpost.com

As the U.S. begins to recover from its housing bubble, concerns have been escalating about a housing bubble in Canada.

“Canada is carving out a top, while the United States is seemingly carving out a bottom,” writes Gluskin Sheff economist David Rosenberg.

Using three charts, Rosenberg points out the stark differences in the Canadian and U.S. housing market and the existence of a possible Canadian housing bubble.