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02-25-2013, 08:34 PM
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Originally Posted by MountainHawk View Post
Some Canadian cities have severe housing bubbles that will pop like the US housing bubble did. This will happen independently of the US. Canadian mortgage laws will mean the recession won't hit as hard, but it will hit eventually.
There are some markets that appear overpriced but a recovery in the US unemployment in Canada will moderate as well which will keep them from falling too much.

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