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Monday, January 30, 2012

No housing crash coming in Canada, BMO says

Categories:mortg

'Dramatic correction is unlikely,' Bank Says  

 Mortgage rates dropping due to cheap bonds

 

The Bank of Montreal poured cold water on the idea Canada's housing market could be headed for a crash, suggesting that prices are only "moderately high across the country."

 

"Expect the housing boom to cool rather than crash," BMO's chief economist Sherry Cooper...

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