Canada Housing Crash Could Take Economy Down With It, Analyst Says

Posted by Real Estate Snatch Monday, April 22, 2013

Canada's housing market is falling in the country's major cities and it could very well drag the economy down with it, a prominent housing analyst said on Thursday.

Canada's housing market is falling in the country's major cities and it could very well drag the economy down with it, a prominent housing analyst said on Thursday.

Ben Rabidoux, an analyst and strategist with U.S. research firm Hanson Advisors, told a packed house at The World Money Show in Vancouver that the economy is in for a rough landing because of its dependence on a slumping housing market. "At this point, the con

sensus is that we're in for what they call a soft landing," he said.

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with