Friday 26 September 2008

Canadian Housing Market Sense

Finally an article that makes sense in commenting on why housing prices aren't about to implode in Canada as in the US and the UK. Read the CTV article Why the Housing Market is Not Set to Melt Down.

Oct.31 update - BMO Capital Markets publishes a 3 pager on the differences between Canada and US home mortgage lending and personal debt which supports the idea that there will not be a housing price collapse and mortgage crisis in Canada.

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