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Canada: Bank chiefs sound alarm over housing market

Posted on 11 January 2012

Canada’s housing market is showing signs of peaking, one of the country’s biggest lenders said, as the banking sector expresses more caution about the outlook for real estate in the coming year.

The market should inevitably cool in 2012 as housing supply begins to outstrip demand, and consumer debt hovers at historic high levels, the head of Canadian Imperial Bank of Commerce told an investor conference on Tuesday…………………………………….Full Article: Source


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