2012-11-04counterpunch.org

``The news has sparked fear that Canada's housing bubble has finally burst leaving millions of homeowners exposed to the same equity-decimating nightmare as victims in the US, Ireland, Spain and Japan.  As sales continue to shrivel, prices are certain to dip further, leading to higher unemployment, record foreclosures, and a more generalized deceleration across all sectors of the economy. There's a good chance that Canada will be slip back into recession sometime in 2013''


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