Canadian housing boom in its 13th year, but showing signs of cooling

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December 21, 2011 Posted by Vote Calgary in industry voice and news

Canadian housing boom in its 13th year, but showing signs of cooling

Canada’s ongoing housing boom is in its 13th year but showing some signs of cooling, says a global real estate report released Tuesday.

The Global Real Estate Trends report, authored by Adrienne Warren, senior economist and real estate specialist with Scotia Economics, said Canada has been a “notable outperformer” in the housing market compared with nine other developed countries including France, Switzerland, Sweden, Japan, Australia, the United Kingdom, the United States, Spain and Ireland.

Source: Calgary Herald Author: Mario Toneguzzi

Canada at risk from Europe, housing: IMF Housing market showing signs ``of over-valuation, speculation and over-supply''