Canada Real Estate Market: The Next Big Short?

"I don't think Canada is very inexpensive any more. I travel there all the time, it's rather on the expensive side. I think there's significant risk to the Canadian economy," Marc Faber told the Globe and Mail newspaper on Wednesday . The Canadian housing market may very well be in bubble territory,he said, adding that in addition to Toronto and Vancouver, other cities such as Calgary were also seeing significant price gains.