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Vancouver’s housing market is headed for a ‘bumpy landing,’ economist says





  • Following new mortgage regulations and higher rates, Canada’s most expensive housing markets have slowed sharply this year.
  • The housing market in Toronto has showed signs of stabilization in recent months.
  • But Vancouver may not be headed for a similarly soft landing, economists say.

As Canada’s housing market cools down, economists say some of its once-booming cities look poised for uneven corrections.

Canada’s housing market has cooled since new mortgage regulations aimed at reining in demand and risky lending took effect at the start of the year, with national sales falling 3.7% from a year earlier in October. Toronto appears to have stabilized in read more >>>

Source:: BusinessInsider.Com

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