CBC North - Photo By Lena Autut

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Canadian housing bubble about to burst

014463.jpgAccording to the venerable magazine The Economist, Canada's housing market is living on borrowed time.

The magazine says housing prices in Canada are overvalued by about 25 per cent, and the bubble is about to burst.

David Madani is an economist with Capital Economics, and he agrees with the magazine's assessment of the Canadian housing market.

Click on the link below to hear him speak with Dave.

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