Waiting for the bubble to burst
Housing bubble in Edmonton…hmmm…A stock market analyst's dream…Then maybe people will swing their money back to the stock market to over pay on price to earnings ratios on stocks and mutual funds, that they as investors have no control over. Is there a bubble here in the city of champions? Prices are certainly going up, but in my opinion the term bubble is incorrect - it suggests that if it pops everything is wiped out. Is that what the media is sensationalizing? Yes. It sells papers and causes fear; who’s going to argue when all the media outlets are spitting out the same words? Quite frankly there is some danger in the market. The more accurate description is that the market is approaching a precipice. Its meteoric rise will not continue forever. Those brainchild’s at TD bubble watch have at least got that right. Good for you boys and girls. I can’t imagine what gum they chew at work as they write these stories. Is it Hubba Bubba or Bubbalicious?
The truth is a peak is approaching. In some cases that peak will not occur simultaneously, but condos, homes and different price ranges will peak and recess at different times. So much for “there goes the bubble”, unless of course past recessions and crashes are no longer indicators and everything will pop and then swoosh.
So what happens after the peak? Will prices in the
Sorry for the extensive sarcasm. Currently in the