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Canadian realty market on steady ground: Economist

Blog by Brad Herman | May 28th, 2013

Despite the recent slowdown in the Canadian housing market, there is no reason to believe the country is heading for a full-blown downturn, Peter Norman, Chief Economist, Altus Group tells BNN(AIF-T 8.07 0.00 0.00%).

Canada has seen three major housing downturns in the last three decades including one in Calgary in 1982, another in Southern Ontario in early 1990s, and in Vancouver in 1998.