Canada house prices expected to rise further

Financial Post

The risk of a property market crash in Canada has not ebbed, according to an increasing number of analysts polled by Reuters who said chances of a steep fall in prices have increased in the past year. Still, the survey medians showed house prices will likely rise more earlier than expected at least until 2017, reflecting ongoing reluctance by forecasters, many of whom work for mortgage lenders, to predict negative returns on property.

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Michael James

Michael James

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CENTURY 21 Capital Realty Inc., Brokerage*
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