| 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.
It’s 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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