23.11.2012 - Canada: Housing market correcting, not collapsing, says Rosenberg
The Canadian housing market may be correcting but not collapsing. In his Nov. 22 market report, Gluskin Sheff economist David Rosenberg draws attention to a Globe and Mail story, Drop in home prices spreads to Toronto, specifically taking issue with the commentators calling for home prices to tumble by 25% or more. Its tough to see the housing market going into a tailspin, Rosenberg says, when the inventory backlog in the single-detached housing market is balanced and not excessive...............................................Full Article: Source
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