Here’s two factors that suggest Canada’s housing market might not succumb to the same type of housing "correction" as in the U.S.
- The number of Canadians with mortgages in arrears is at a record low. In the U.S. mortgage foreclosures are up 42% in the past year.
- In the U.S., real estate comprises 34% of typical household assets. In Canada that number is only 20%.
Source: The Gazette
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Last modified: November 21, 2006
