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It’s official: Canada housing market slowing, but by how much?

Posted on 05 December 2012

It’s official: Canada’s central bank has formally recognized that the country’s housing market is starting to cool. Unfortunately, that doesn’t bring a lot of clarity to the key issue that’s keeping a lot of Canadians awake at night, namely how deep the correction will be.
Canada’s housing market has seen robust growth for several years both before and after the global financial crisis, with a fairly brief wobble in that period. That growth pushed prices to record highs, worrying both the central bank and the federal government………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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