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RBC rules out housing crash scenario

Blog by Brad Herman | May 24th, 2013

Fears of a U.S.-style housing bust in Canada are off the mark as the real estate market is showing signs of stabilizing, according to economists at RBC.

In RBC's latest Housing Trends and Affordability Report, the economists throw cold water on the calls for a major correction in housing prices, saying that the housing market "appears to have stabilized at lower levels," but added that the market is "cooler than it was just a year ago."