সোমবার, ৫ নভেম্বর, ২০১২

CALM DOWN: Canada's Housing Market Will Not Experience A US-Style Crash

Benjamin Tal, deputy chief economist of CIBC World Markets, recently released a report?to calm domestic and foreign investors?who fear that Canada?s housing market is collapsing.

He acknowledges that the persistent upward trend home prices is a reason to be nervous (see right).

However, he notes there are substantial differences between the current state of the Canadian housing market and its American counterpart circa 2006.

Even under a worst-case scenario, a Canadian housing market crisis, wouldn't be on the same scale as the American housing crisis.

Tal provided four points with charts to support his thesis.

Source: http://www.businessinsider.com/canadas-housing-market-wont-share-americas-fate-2012-11

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