2016-11-30wolfstreet.com

``[According to the OECD,] there is a risk of "a disorderly housing market correction, particularly in the high-price Toronto and Vancouver markets" ... A "disorderly housing market correction," as envisioned by the OECD, would reduce residential investment, which has become a key in the Canadian economy. Through the reverse "wealth effects," private consumption would take a hit, and in the end the banks are on the line, and it "could threaten financial stability.''



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