When the Bubble Bursts

A newly updated edition for the fast-changing real estate market in Canada!Over the last two decades Canadians have become convinced that real estate is the"e;safe haven"e; investment. This widely held belief and obsession with real estate led millionsof Canadians to take on massive amounts of debt - tripling their collective financialburden - ensuring that Canada is one of the most indebted nations on the planet.Drawing on dozens of interviews and even more conversations with individualCanadians and couples, this second edition also tackles the economicconditions and regulatory rules that allowed such a dangerous situationto develop in Canada, formerly a nation of conservative and prudent citizens.Hilliard MacBeth argues that Canada is in the midst of an unprecedentedreal estate bubble and that there will soon be a crash in house prices,triggering a financial crisis. Individual Canadians and families can still take action toprotect themselves from the fallout of the bubble bursting - if they act quickly.