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Canadian housing market withstands recession

Posted on 17 July 2009

From Calgaryherald.com: Canada’s housing market has become so much more grounded since the ugly property bust of the last recession that this time around it is one of the most resilient sectors of the economic downturn.

The lessons learned from the housing bust of the early 1990s helped prevent Canada from being tempted down the subprime path that devastated the United States and, combined with record low interest rates and government stimulus, has caused the impact of the latest slump to be less severe and relatively short lived, figures released Tuesday underscore……….Full Article: Source


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