Globe and Mail
As economists wring their hands, Canadians keep blissfully buying.
We'll call this the Great Canadian Non-recession. The would-be homebuyers flocking to Brad Lamb's real estate brokerage are remarkably chipper for a country that's supposed to be in a recession. Despite the ominous predictions, Lamb said buyers are confident that they'll remain employed and the value of the homes they buy will go up. He pegged confidence at a giddy 10 out of 10 in Toronto, seven out of 10 in Ottawa and a five out of 10 in oil-dependant Alberta, compared to zero during the 2008-2009 financial crisis.