30.11.2012 - Canadian bank says cooler housing market may be good for parts of economy
A cooler housing market isn’t all bad news, a major Canadian bank says. Lower prices could benefit young couples struggling to save for a down payment and also retirees who dream of moving to British Columbia, the report by CIBC World Markets predicts. While slowing home sales will “take a bite” out of Canada’s economic growth, “less well understood” is the fact there will be winners and losers across the economy, the report released Thursday said...............................................Full Article: Source
Print