Prem Watsa, CEO of Fairfax Financial Holdings Ltd. (TSE:FFH), is worried that Canad is headed for a US style property crash. The mogul correctly predicted the crash that has depressed the housing market in the United States since 2008 and is now suggesting something similar is happening in Canada. Watsa made the comments while speaking speaking at a meeting with investors in Toronto. The statements were rported by Bloomberg’s David Scheer and David Scanlan last week. Watsa was exact and foreboding in his comment “I just know that whenever you have a bubble most people think it’s going up”….
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