Crashes and Bubbles
As I write this, the Dow Jones almost hit 13,000. It was 17 points away from 13,000 before ending the day down 42.58. The Canadian housing market is on the rise again as the summer weather is coming, where there is more sunshine and more people are able to go outand look at homes. You've probably heard about the Real Estate market in the US where prices have been going down since last year. And the price of oil looks like its going up again where the morning prices at the pump is around120.99 a litre. I'm not sure if you also noticed, but shows on TV especially on HGTV have been geared towards housing and selling homes. Shows like "Flip ThisHouse", "Big City Broker", "Designed To Sell" and "House Hunters" just to name a few. I'm sure you all know, we are looking at a real estate bubble. Although a lot of people would say otherwise and I know people would argue that this time it's different and that the real estate market will not