Patrick.net

Canada house prices seen falling, but not crashing, right...

By Patrick   Follow   Mon, 12 Nov 2012, 7:59pm   263 views   2 comments
In Menlo Park CA 94025   Watch (0)   Share   Quote   Permalink   Like   Dislike  

http://www.torontosun.com/2012/11/09/canada-home-prices-seen-falling-but-not-crashing

Canadian housing prices will fall 10% over the next several years and homebuilding will slow sharply in 2013, but the country’s recent property boom is not expected to end in a U.S.-style collapse, according to a Reuters poll. The survey of 20 forecasters published on Friday showed the majority believe the Canadian government has done enough to rein in runaway prices, preventing the type of crash that has devastated the U.S. market for years. “This isn’t a sharp correction, this isn’t a U.S.-style correction, it’s just simply an unwinding of the excess valuation that was created by artificially low interest...

Viewing Comments 1-2 of 2     Last »     See most liked comments

1. dunnross Follow Befriend 28 threads 1,489 comments San Jose, CA Premium

   1   8:02pm Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike   Protected   Yes, just like the US is different from Japan, Canada is different from US, California is different from the rest of the country, Bay Area is different from LA, Palo Alto is different from the Bay Area. You see, wherever you go, everyone is special, over there.

2. Mark D Follow Befriend 64 threads 486 comments Simi Valley, CA

   2   9:05pm Mon 12 Nov 2012   Share   Quote   Permalink   Like   Dislike   didn't they get a warning 5 years ago