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More adjustment to come in home prices: Carney

Posted on 18 February 2013

The correction underway in Canadian house prices is likely to persist for another two years, warns Bank of Canada Governor Mark Carney. “We’ve seen the adjustment in the housing market. We think there’s a bit more to come over the next couple of years,” Carney said.
Carney said rapidly rising prices experienced in Canada over the past decade are “certainly not normal” and Canadians shouldn’t count on home prices to be their main source of wealth gains………………………………………..Full Article: Source


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