You may recall that David Madani from Capital Economics released two reports earlier this year which were exactly in line with the preditions on this blog. In the first report, he outlined his concerns about the Canadian real estate market, focusing on the same measures of fundamental value often discussed here.
In the second report, he discussed the implications on a housing market correction to the broader Canadian economy, another topic of much discussion here.
Yesterday, Madani was on The Lang and O’Leary exchange to discuss these very topics. Here’s the video. The Madani clip starts at 52:00