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Canada: At worst, housing market headed for soft landing: Scotiabank CEO

Posted on 19 September 2012

Canada’s housing market is “at worst” destined for a soft landing, the head of one of the country’s largest banks predicted Tuesday. Speaking in Toronto, Bank of Nova Scotia chief executive officer Rick Waugh said even though there is a housing bubble in Canada, he doesn’t expect the residential real estate market to crash.
“What we see now is probably, at worst, a soft landing,” Mr. Waugh told reporters after a speech to the Toronto financial community………………………………………..Full Article: Source


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