With the recent news of the housing market bubble projected to burst here in Canada, the C.D. Howe Institute has produced a report that denounces the thought of a housing bubble here at home.
A comparison of housing market policies in Canada versus the US, however, suggests that there is little likelihood of a US-style surge in foreclosures or a collapse of house prices in Canada. Many of the concerns about the Canadian housing market are motivated by recent US experiences, but citizens of the Great White North need to remember that there are many underlying fundamentals that are going to keep our market steady in times of uncertainty.
REIN-Don R. Campbell