“BMO Capital Markets recently warned that housing prices here need to fall nearly 10 per cent more than they already have to bring them back into line with household incomes, while a study by the University of British Columbia said that in some major cities prices would have to plunge 25 per cent.”作者: Dell-P3 时间: 2008-9-25 15:49 http://www.canadian-housing-price-charts.235.ca/images/AUG08-6cities.jpg
In August Canadian real estate prices saw further price declines作者: hezhegaigua2 时间: 2008-9-25 16:14
"What worries us is that Canadian households have been running a larger financial deficit than households in either the U.S. or the U.K.," Wolf said in a commentary, noting that in 2007 Canadian household net borrowing amounted to 6.3 per cent of disposable income, which was higher than in Britain and not far off the seven per cent peak in the U.S. in 2005, prior to the bursting of that country's housing bubble.
