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Financial institutins say they are prepared for a price correction Steve RandallREP A former executive of Lehman Brothers says that Canada’s housing market is building to a huge bubble surpassing that in the US when its bubble burst. Jared Dillian told Mauldin Economics that with average national home prices above $500,000, average income of $40,000 […]
Mortgage Broker News British Columbia real estate has been making headlines for the past few years, due mostly to the seemingly endless price growth in its largest city, Vancouver. But it’s another – somewhat related – story that has caught the eyes of mortgage brokers and other industry professionals alike: A report from an independent panel charged with reviewing the province’s real estate industry […]
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Surging Bets on Canadian Home-Price Decline Dent Confidence Greg QuinnMortgage Broker News Canadians may finally be getting skittish about real estate. The share of survey respondents who expect a decline in local housing prices jumped by 8.5 percentage points, the most since weekly polling began three years ago for the Bloomberg Nanos Canadian Confidence Index. […]
