Why Canada will not experience a US style meltdown in housing
August 31st, 2010Canada is unlikely to see a “massive wave of defaults” in the housing market as the market cools, the CD Howe Institute wrote in a report Wednesday.
The report comes day after the Canadian Centre for Policy Alternatives released a report saying six Canadian cities – Vancouver, Calgary, Edmonton, Ottawa, Toronto and Montreal – were due for a correction because prices have increased beyond what ...