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earlier discussion

In December, 2009, economist David Rosenberg wrote, "Is the Canadian housing market in a bubble? It sure looks that way." (

Two months later, Mr. Rosenberg reasserted his views in another column, arguing, "the hot Canadian housing market is now likely to burn even brighter in coming months... While there may be a healthy debate as to whether there is a bubble or not in the Canadian housing market, suffice it to say that residential mortgage balances relative to disposable income just hit 92 per cent which is exactly where this ratio was in the U.S. in 2005 when the mania was about to morph into a full-fledged bubble. It was barely a year later that the process of mean reversion began its course."

Mr. Rosenberg took your questions on real estate, the economy and bubbles in a live discussion. You can view it by clicking on the Cover It Live box below.

Mr. Rosenberg received both a Bachelor of Arts and Masters of Arts degree in economics from the University of Toronto. Prior to joining Gluskin Sheff in 2009, he was chief North American economist at Bank of America-Merrill Lynch in New York and before that, he was a senior economist at BMO Nesbitt Burns and Bank of Nova Scotia.

Mr. Rosenberg has ranked first in economics in the Brendan Wood International Survey for Canada for the past seven years and was on the U.S. Institutional Investor All American All Star Team for the last four years, and was ranked second overall in the 2008 survey. Mr. Rosenberg also ranked fourth out of 104 economists in the 2009 Thompson-Extel survey of global portfolio managers.



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More on bubbles:

  • Five bubbles set to burst in 2010
  • Beware the gold bubble
  • Housing market has big cracks
  • Merrill warns of housing bubble
  • Floating high on a delicate housing bubble
  • Why China may be overheating
  • Watch video: Bubble generation


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