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Canada: Bankers cautious on housing market

Posted on 06 January 2012

One of Canada’s leading economists says the best case scenario for Canada’s hot housing market in 2012 would be for nothing to happen at all.
“What I hope to see is that house prices don’t rise this year,” CIBC economist Avery Shenfeld told a business audience at a breakfast luncheon in Toronto Thursday. “If we can get prices to level off, we can avoid some of the pain later on,” he said………………………………………..Full Article: Source

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