|Canada’s housing market is stupid|
Nov 1, 2011 Adam Button forexlive.com
I’m not a home owner but the Canadian housing market is out of control. I just read a story about a 3700 sq ft house in vancouver that was listed for $1.9m in April, sold for $2.6m after a 25-person bidding war and is now back on the market at $3.5m. In 1996, the same house sold for $531,000.
Knowing the history in the US, I should just lever up buy way more than I can afford and wait for the government bailout.
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