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Canada’s bubble will not burst says JLL boss

Posted on 03 April 2012

Fears that the Canadian property market may be about to crash are unfounded, a leading property agency told OPP this week. According to Jeff Mayes, the Vice President of Jones Lang LaSalle Canada, there is no prospect of a bubble hitting the Toronto or Montreal markets.
“There is a greater risk of a gentle landing in Toronto,” as prices dip a bit, saysMayes, but “Montreal prices should hold or increase slightly.” Mayes agreed with scare stories circulating in the Canadian media that the country’s house market is looking vulnerable………………………………………..Full Article: Source


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