What housing recovery?!? We haven't seen a crash yet, but I can assure you that real estate will crash in Canada very soon, the same way it crashed in most Western countries including USA and UK.
What housing recovery?!? We haven't seen a crash yet, but I can assure you that real estate will crash in Canada very soon, the same way it crashed in most Western countries including USA and UK.The Teranet Housing Price Index has released May 2009 data.
http://www.housepriceindex.ca
The composite index is down ~7% Y/Y, but there was a %1 M/M increase from April to May.
Sign of a recovery in housing prices or fueled by l historically low interest rates?