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Why a ‘soft landing’ for housing could still hurt the economy

Posted on 13 February 2013

It’s been interesting to watch the view on the Canadian housing market become progressively more negative. Eighteen months ago, the consensus was that the Canadian housing market was well supported by underlying fundamentals. A year ago, we were headed for a soft landing with flat prices.
By late 2012, the consensus view was best summed up by TD economist Craig Alexander, who in November suggested that house prices in Canada would likely retrench on the order of 10 per cent nationally………………………………………..Full Article: Source


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