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Hilliard MacBeth

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When the Bubble Bursts: Surviving the Canadian Real Estate Crash Paperback – April 14, 2015

by Hilliard MacBeth (Author)

4.4 216 ratings

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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.

About the Author

Hilliard MacBeth has advised individuals and families from across Canada on their investments for forty years. He lives in Edmonton.

Print length

248 pages
Language

English
Publisher

Dundurn Press
Publication date

April 14, 2015
Dimensions

6 x 0.6 x 9 inches
ISBN-10

1459729803
ISBN-13

978-1459729803
See all details

Alex Avery
368
Paperback
29 offers from $2.05

Product details

Publisher ‏ : ‎ Dundurn Press; Illustrated edition (April 14, 2015)
Language ‏ : ‎ English
Paperback ‏ : ‎ 248 pages
ISBN-10 ‏ : ‎ 1459729803
ISBN-13 ‏ : ‎ 978-1459729803
Item Weight ‏ : ‎ 14 ounces
Dimensions ‏ : ‎ 6 x 0.6 x 9 inches

Best Sellers Rank: #6,680,332 in Books (See Top 100 in Books)
- #6,533 in Real Estate Investments (Books)
- #6,534 in Buying & Selling Homes (Books)
- #10,617 in Introduction to Investing

Customer Reviews:
4.4 216 ratings

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Hilliard MacBeth

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Advisor and Portfolio Manager for 40 years who advises on investing in equities and bonds and follows macroeconomics with a healthy dose of skepticism.

Canadian born, Hilliard loves skiing and heli-skiing, languages, writing, travel, climbing, sailing and tries to golf well.

Published (Prentice Hall) in 1999 - "Investment Traps and How to Avoid Them" - a book that predicted the bursting of the dot-com bubble and showed investors how to avoid the "buy-high" trap that catches so many.

Available now: "When the Bubble Bursts: Surviving the Canadian Real Estate Crash" - a book that confronts the Canadian housing bubble head-on and recommends immediate action for investors and homeowners to cope with the pending real estate crash.

Visit my website to read my blog: www.TheMacBethGroup.com”

Customer reviews

4.4 out of 5

216 global ratings

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Vikas

Canada's future is bleak!

Reviewed in the United States on April 23, 2015

Verified Purchase

Mr. MacBeth is an Edmonton-based portfolio manager with Richardson GMP Ltd.

He has written a great book that paints a very bleak future for Canadians. In writing this book he goes through different scenarios pointing to where he believes the housing market will go in the near term. He doesn't predict an exact date of a housing market crash in Canada, because nobody can, but he does state it will happen soon. He walks us through his view of the housing market and how we can prepare ourselves for the greatest buying opportunity that will arise in our lifetime.

I have long assumed that the housing market in Canada is indeed inflated and this book goes in detail on the subject along with statistics and citations to prove his point.

Most people are on one side of the fence i.e. they either think that the housing market is inflated or they assume that uninhibited growth in the housing market will continue forever. If you are on the side that thinks there is a bubble, I highly recommend this read it made me think of things that I wouldn't have otherwise come across. If you are the type that thinks current housing market in Canada is sustainable then please read this book to get a critical viewpoint of your thoughts.

I hope a lot of Canadians read this book and follow his advise unfortunately I think most will not even consider reading this because personal financial education in Canada needs improvement to get more people interested in the subject.

Great book with facts and advise for the future! great read!

3 people found this helpful

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Amazon Customer

Great overall take on the Canadian housing situation

Reviewed in the United States on April 3, 2017

Verified Purchase

Great overall take on the Canadian housing situation, as well as the macro economic trends that drive Canada's GDP, Also made a concerted effort to back up this view with facts and figures in a way that was well written and easy to read.

As a millennial looking to break into the housing market (eventually), it would have been nice to have more of an emphasis on what young Canadians should be doing. The boomer perspective drove the majority of the book, although this makes sense considering it was written by a wealth/investment manager whose portfolio is most likely heavily comprised of boomers. Despite this, the book still offered good advice.

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Mom

A great financial book for survival.

Reviewed in the United States on October 11, 2016

Verified Purchase

The research and historical information is presented in a layman's format making this an easy read for grass-roots home dwellers. The information and predictions will prevent many from falling into the bubbles whether real estate or or other investment options.

One person found this helpful

Helpful

Ric Haroutunian

Very interesting read. I concur that there will be ...

Reviewed in the United States on August 19, 2015

Verified Purchase

Very interesting read. I concur that there will be a correction sooner than later because nothing goes straight up forever without corrections along the way.

One person found this helpful

Helpful

J. Lenglet

Decent points, lots of repetitive filler

Reviewed in the United States on June 15, 2015

Verified Purchase

Lots of repetition. This book could have been much shorter without all the recap and storytelling on the exact same points. There are many good facts in this book. Stuff most people can benefit from such as why Canadian banks loan so much money and how the CMHC works. Most people pretend to know all this stuff but few actually have any idea. This book explains that stuff well. Canada was marketed as the safe haven vs the USA and it was truly all marketing. Anyone with any brains could see thru the BS. Unfortunately, that's not many people and most bought the campaign hook line and sinker. This book is not a scare tactic or full of sky is falling nonsense. The argument for a housing crash is sound and factual. I happen to agree 100%. But many will get upset just because no one likes to hear their fantasy is just that - a fantasy. Facts are facts. Finally someone points to Tokyo in one of these books. Very sound point.

The negatives are the often repeated themes and clear bias towards the stock market. When housing falls I highly doubt the general market will survive any better. Anyway its worth reading. The price on this book has dropped 2/3rds since I bought it. Guess its not selling.

2 people found this helpful

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Tareq S. Nabeel

Good study, a lot of backgroud resarch

Reviewed in the United States on August 8, 2015

Verified Purchase

Good study, a lot of backgroud resarch, but its all going in one direction towards investment in bonds and stocks, which is equally dangerous as Canadian inflated real estate.

Helpful

Eko2020

If you're thinking there's a housing bubble in Toronto, read this book, open up your mind.

Reviewed in the United States on January 5, 2017

Verified Purchase

Residing in Canada, I know something's cooking, but MacBeth does giving the reader data that supports our gut feeling.

One person found this helpful

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Nathan Kowalski

A Sober Assessment of an Emotional Issue

Reviewed in the United States on April 14, 2015

Verified Purchase

Excellent book packed with some sobering behavioral fiance.

3 people found this helpful

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Top reviews from other countries

Amazon Customer

Great book forecasting the inevitable disaster that is the Canadian Real Estate Market

Reviewed in Canada on June 10, 2023

Verified Purchase

Reading this book in 2023 is interesting in consideration of the pandemic binge. But, one thing is for certain, if the author feels we were in a bubble before, we are in an even worse one now.

Trevor

Great book, an instant recommendation to anyone that is too optimistic on Canadian Real Estate.

Reviewed in Canada on June 16, 2016

Verified Purchase

Reading financial commentators like Garth Turner for years, the concept of a real estate crash here in Canada is something I have believe will happen. MacBeth takes a a more pessimistic stance on what will unfold when the crash happens. This is good because it offers a slightly different view of what the post crash land scape will be like for the Canadian populace.

Hilliard also makes sense of the various things that brought us to this point and if there is still anyone in doubt that we are not in a bubble, very convincing arguments and data. I sincerely hope a few Canadian real estate optimists read this and entertain, what I think is a more realistic view point. Hilliard does a great job at articulating this view point. In fact if someone asked me my view point I would point them to this book.

My only desire for this book that was unfulfilled was being slightly mislead in the title. "Surviving the Canadian Real Estate Crash" to me meant two things. First: What to do with current real estate investments, which is thoroughly covered in the book. Second: Specifically what sectors or vehicles to look into investing in, the timing of such investments and how much cash to hold. Maybe that is a lot to ask, but it would have been nice to have been covered in more detail.

11 people found this helpful

Stephanie Hughes

A Comprehensive Walkthrough of Housing Bubbles

Reviewed in Canada on August 26, 2019

Verified Purchase

Hilliard Macbeth's book effectively walks the reader through Canada's relationship and history with the real estate market, describing how bubbles occur and how the Canadian debt addiction is laying the groundwork for an upcoming asset bubble crisis. Comparing the trends we're seeing now with those of other countries and case studies, it draws interesting parallels and sources from other cautionary tales that wary homeowners and would-be property investors should heed the warning of.

The book also holds recommendations of how to weather this upcoming real estate storm and what action needs to be taken to mitigate these bubbling effects. This is a must-read for real estate-watchers, home owners, and economic enthusiasts alike. If you're like me and you're thinking of jumping into the market as soon as possible, this reading may give you pause and urge you to reconsider your strategy.

Great book! Definitely a recommended read!

3 people found this helpful

nitrox

Might not agree with everything in the book but Hilliard does bring good arguments that are worth thinking about

Reviewed in Canada on March 28, 2015

Verified Purchase

Lots of facts, statistics and references. Offer a different perspective on what happened over the last few years and in the future. Might not agree with everything in the book but Hilliard does bring good arguments that are worth thinking about.

One thing that seem to be lacking is how the government will react if/when the housing bubble bursts. It seems to me that a housing collapse would send the country in deflation that would then cause the BoC to lower interest rate (and the Canadian government to inject money (sometime called printing money)) which would increase house prices or at the very least stabilize them. Since most mortgages are backed by the government it seems unlikely that the government would let a housing/stock collapse happen even if it means bailing out people or companies (taking money out of the pockets of those who save (A.K.A. the rich according to the media) using inflation).

4 people found this helpful

Canuck2004

Problem....

Reviewed in Canada on October 6, 2021

Verified Purchase

Writer lived his whole life in Edmonton, where Oil dominates the Real Estate market.... a real estate market unique onto its own with no parallel in the rest of Canada....writer has no idea what dominates markets in Vancouver and Toronto....oblivious to reality.

2 people found this helpful

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