Conference Board-Housing Market crash unlikely

The Conference board isn't buying the notion that Canada'a housing market will suddenly crumble, saying the most likely outlook is for a modest decline nationally and in some specific markets.  The Ottawa based think-tank argues in a comprehensive new look at real estate in Canada that the conditions for a crash simply don't exist, despite numerous reports that the market is over built and over valued.  Rather, the report argues, that with the possible exception of Toronto, housing starts the past three years have been roughly in line with the 20 year average.

Full Article