Summary
"Bubble-like activity" is concentrated in the West, Douglas Porter of BMO Nesbitt Burns (TSX:BMO) wrote in a report, but "that doesn't make it any less real."
"But just because bubble-like activity is concentrated in only some regions -- pretty much anything west of Lake Superior -- doesn't make it any less real. The much-ballyhooed U.S. bubble was largely relegated to the coasts and sun-spots.""It depends on what side of the fence you sit on, because for a homeowner it's a wonderful thing, because you can see your home equity going up," said Derek Holt, RBC's assistant chief economist.See the full content of this document
Extract
Housing Market Burning Red Hot
TORONTO -- Just when the U.S. home-price boom is abating, Canada's housing market is accelerating to a potentially dangerous level, a se...
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