Standing to make a grand sum of money similar to what they took home when the U.S. housing market crashed in 2008, investors on Wall Street are confident that real estate values in many Canadian cities will plummet.
The short sellers believe that Canadians hold too much mortgage debt and that housing bubbles in Vancouver, Toronto, Calgary, and other places are likely to crash as real estate in these places have several factors that could trigger a collapse including money laundering, speculation, and low interest rates.
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