Is Canada in the midst of a housing bubble?
2009 housing starts in Canada dropped to just 118,500, down from the 175,000 the bank thinks is the needed
By Troy Media —— Bio and Archives--February 13, 2010
Canadian News, Opinion | Comments | Back To Full Article
By Mark Milke
Is Canada in the midst of a housing bubble? The Bank of Canada doesn't yet think so. In his recent speech on behalf of the central bank, deputy governor Timothy Lane mostly downplayed the possibility that house prices in Canada are at dangerous, bubble-like levels.
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