| Projections for Canada’s housing market are all over the map. But where Bank of Montreal’s concerned, residential real estate probably isn’t going to bounce back any time soon. The market has been cooling markedly since Canada introduced new mortgage restrictions in July, and some observers believe it will soon find a new floor before picking up again. Even those who don’t see a pickup on the horizon, however, aren’t forecasting a U.S.-style meltdown.
As The Globe and Mail’s Kevin Carmichael reports, the Bank of Canada suggested today that the battle against a housing bubble has now been won, and consumers are tackling their record debts...............................................Full Article: Source
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