Rising House Prices are Good News for Canada’s Economy
Abstract:
Nothing can turn an economy sour faster than falling house prices. Yes, they are often a symptom of other problems rather than the primary infection site. However, once begun, the cycle of falling house prices is hard to break. Canadians have been lucky on this count so far and should have a good deal of empathy for their American cousins, based on what happened in the mid-1990s.
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Nothing can turn an economy sour faster than falling house prices. Yes, they are often a symptom of other problems rather than the primary infection site. However, once begun, the cycle of falling house prices is hard to break. Canadians have been lucky on this count so far and should have a good deal of empathy for their American cousins, based on what happened in the mid-1990s.