The anatomy of a housing bubble May 21st

How to go about securing the best return for your investment in Canada.
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The anatomy of a housing bubble(Julianna Funk/iStock)
Bob Thompson is a vice president and senior investment adviser at Canaccord Genuity Wealth Management in Vancouver. 
Every 20 years or so, investor dementia sets in. Memories are wiped clean, allowing individuals to make the same mistakes over and over again. My 20 years in the investment world have been on the money management side, looking at global trends and markets, then investing money to profit from what I see. I mention this as a pre-emptive strike against those who read what I am going to say about Canadian real estate and respond with: “This guy has no authority to say anything about real estate, he’s never sold a house or developed anything.” I haven’t, but if there is anything I know, it is how markets function. It doesn’t matter if it is real estate markets, stock markets, commodity markets, or tulip markets (I’ll get to this later). They are all the same.
Why? Because markets are a reflection of people, and people are hard-wired to have emotional instincts that don’t change…

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