Tuesday, July 6, 2010

Why Canada's Housing Market Didn't Crash














They saw a housing boom, they saw a recession, and yet the Canadian housing market is still cooking with gas.

Why?

Fundamental differences in Canadian banking, borrowing and home buying.

I spent the day in Toronto a few weeks ago and was really interested to see how a few miles can span such a huge difference in collective attitude.

Lloyd Atkinson is an economist and also an empty nester, who just sold his large family home in Toronto and downsized to a condo overlooking the city. He sold his home in one day. (more)

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