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Canadian bank says cooler housing market may be good for parts of economy

Posted on 30 November 2012

A cooler housing market isn’t all bad news, a major Canadian bank says. Lower prices could benefit young couples struggling to save for a down payment and also retirees who dream of moving to British Columbia, the report by CIBC World Markets predicts.
While slowing home sales will “take a bite” out of Canada’s economic growth, “less well understood” is the fact there will be winners and losers across the economy, the report released Thursday said………………………………………..Full Article: Source


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