Before we start getting all torqued about a falling housing market, let’s remember a few things. Early indications in June of a slowing market in some cities does not necessarily presage a U.S.-style plunge in housing prices.
Forecasters have talked about declines of 10 to 15 per cent being possible, or just a period of drifting sideways. Without a surge in unemployment, it’s hard to see a real crash………………………………………..Full Article: Source