Articles About Canadian Real Estate Association
- Author:
- Tom Silva
- Posted:
- 03.02.2011
How Canada Avoided a Housing Bust
Canada avoided the collapse in housing prices that devastated American homeowners and the U.S. economy, thanks to tighter financial regulations, the lack of subprime lending and securitized mortgages. Foreclosures are rare. As a result, Canadian real estate steadily appreciated while property values in Florida, Arizona and other hard-hit American markets tanked. According to James MacGee […]