Fear ofhousing bubble seems overblown

September 9, 2010  - One of the country's leading economics think-tanks, the Conference Board of Canada, has become the latest entrant in the long-running debate over Canadian housing prices. Its take: no bubble.

This contrasts sharply with a report last week from the Canadian Centre for Policy Alternatives, which said Canada's "housing bubble" is "an accident waiting to happen."

Back at the Conference Board, economist Mario Lefebvre acknowledges that home sales have fallen sharply this year, but points out that this is hardly a sign of distress after a period when sales were far too high to be sustainable. Instead, he concludes, it's just a return to normal.

More important, on the price front, "there's been no decline to talk about," Lefebvre said yesterday.

Read more at Montreal Gazette
Marlene Ofter

Marlene Ofter

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