I want you to be afraid. Very afraid of the Canadian housing market.
I want people who are considering buying a house in Canada to be the most frightened. People who just bought a house also have every right to be nervous. But even if you don't have a stake in the property market, I would like you, too, to be fearful of a bubble in Canadian property.
m frightened myself. A lot of smart people are. But I should make it very clear I've no desire to be the Nouriel Roubini of the Canadian housing market.