“An accident waiting to happen,” that is what the Canadian Centre for Policy Alternatives is calling the housing markets in Canada’s biggest cities - including Edmonton and Calgary.
The reports says housing prices are out of historic comfort levels and predicts that the bubble will burst, causing prices to drop, in a worst case scenario by nearly 40%.
How realistic is this housing bubble? Could prices fall that far in our province and do Albertans need to worry about protecting their homes?
Joining us for this conversation is Don Campbell, president of the Real Estate Investment Network.
More info... Alberta Prime Time