Starting in 2008, investors, upset by the stock market collapse, started to see real estate as a "safe haven" investment. While talking with numerous clients, investment manager Hilliard Macbeth realized that Canadians have far too much of their investment capital and savings tied up in expensive real estate when better opportunities are about to appear in other asset classes. He argues that Canada is in the midst of a real estate bubble, and there will soon be a crash in house prices.
What can Canadians do to be prepared financially for retirement and to take advantage of the "once in a lifetime" buying opportunity that will follow the bubble bursting? All these answers can be found in When the Bubble Bursts.
Hilliard MacBeth has advised Canadian individuals and families from across Canada on their investments for over 35 years. His 1999 book Investment Traps and How to Avoid Them predicted the collapse of the dot-com bubble in the stock market and gave investors practical advice on how to avoid getting caught offside in market cycles. Hilliard lives in Edmonton.