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Canada: Into the arms of housing

Posted on 19 October 2011

It’s going to crash, it’s going to crash. How many times have we heard this about the Canadian housing market? Sometimes commentators use more tempered language to describe a predicted “pullback” or a market that is going to “moderate.” The problem is that outside of the 2008 recession, when prices corrected 10% followed by a boomerang recovery, it has not been true.
How do you are argue with almost 13 years of uninterrupted growth when the average sale price of a home in Canada has climbed from $152,365 in 1998 to $366,105 year to date in 2011……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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