Steve Eisman thinks the Canadian housing market may be heading for trouble and warned listeners...

|By:, SA News Editor

Steve Eisman thinks the Canadian housing market may be heading for trouble and warned listeners at the Ira Sohn conference Wednesday that Toronto-listed, non-prime mortgage originator Home Capital Group will "have serious problems" in the event the Canadian housing market rolls over. Home prices, which have doubled in Canada over the past decade, are beginning to falter and Canadians, undeterred by cautious rhetoric, are continuing to lever up with debt to disposable income ratios on the rise. David Rosenberg — no stranger to gloomy predictions — says talk of a collapse is "completely overhyped." (Previous: I, II)