Warning of Housing Bubble Overblown, Say Economists

Canada could be heading into a rapid drop in housing prices according to a report issued by the Canadian Centre for Policy Alternatives on Tuesday. :

But while the CCPA is raising an alarm, others are not so concerned. Ted Tsiakopoulos, a regional economist with the Canadian Housing and Mortgage Corporation, says that with Canada’s steady labour market and relative lack of speculative housing purchases, there is little indication that high prices reflect a housing bubble.