What is a housing bubble and why do they burst?
With the increase in housing prices across North America, many experts believe we’re living in a housing bubble. But as interest rates rise and the demand for homes decreases, Canada’s housing markets are in some turbulent territory.
So what exactly is a housing bubble? And what happens when a housing bubble bursts?
In this crash course, we explore the factors that support a housing bubble, signs to look for when attempting to predict when a bubble will burst, and how property market crashes can lead to an economic recession for whole regions or countries.
Produced by Ariana Longley
Twitter: https://twitter.com/500DaysofAriana
About What Is Explainers:
TVO Today’s ‘What Is’ explainers are bite-size videos providing information to help you better understand the world you live in.
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