The Bank of Canada says a crash in housing prices remains the biggest threat to the country’s economy, with the risk having increased due to the drop in crude oil prices. According to the BoC, housing is overvalued by as much as 30 per cent, and although there is a low probability of the housing correction occurring, if it did, it would have a severe impact on the country’s financial system.
Bank of Canada Warns of Housing Price Crash
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Colin R. Singer
- October 18, 2017
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