| From Reuters: The Canadian housing market is edging toward a major downturn as overbuilding is adding to already "voluminous" supply, Merrill Lynch economists said on Tuesday.
Economists David Wolf and Carolyn Kwan said developments in the Canadian market lag similar developments in the U.S. market by about two years. They said the ramp-up in Canadian construction may even be larger than it was in the United States, with more units, largely condos, being built in each of Toronto and Vancouver than in all Canadian cities combined a decade ago..... Full Article: Source
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