Where's the Trigger for a Canadian House Price Crash? (Sept. 30, 2008, CIBC)
"Every dollar drop in the value of Canadian real estate, elevates the level of anxiety about a US style housing melt down in Canada. To be sure, house prices in Canada will continue to ease in the coming months. But the triggers that led to a free fall in Canadian real estate markets in the early 1900s and today in US markets, are nowhere to be found."
Read the entire CIBC Market report by going to:
research.cibcwm.com/economic_publick/download/features3.pdf
Posted by Gary Chambers
on October 5, 2008