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2012-06-17 — vancouversun.com
Canada's financial system remains highly vulnerable to a further deepening of the European debt crisis and to a correction in the housing market, which is showing some overvaluation, the Bank of Canada said on Thursday.
... Low interest rates since the 2008-09 recession have contributed to a heated housing market and the high household debt. Policymakers are particularly worried about a condominium boom in Toronto, while some reports suggest property prices are gradually cooling in other parts of the country. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |