The Next Gigantic Housing Bubble That Everyone Expects To Burst

Canada avoided many of the mistakes that the U.S. made in its housing market. Banking regulations and lending standards have been much tighter, and that has prevented prices from getting completely out of control.

However, top economists including Robert Shiller and David Rosenberg are increasingly sounding alarms that the Canadian housing market is the next bubble and it's about to burst.

 Canadian home prices are up nearly 100 percent since 2000, according to Euro Pacific Capital. And there are other characteristics that do bear some striking resemblance to America's housing boom-bust story. Moreover, this comes at a time when the nation's economic outlook has become uncertain.

 We put together a guide to Canada's housing debacle on a national scale, and focused on Vancouver and Toronto in particular where homes have become increasingly unaffordable. Canadian home prices have been rising for some time other than a brief blip during the the recession. Canadian home prices have been rising for some time other than a brief blip during the the recession. Read more