Market before the crash of 2008. He said only small percentage of Canadian households would be vulnerable to interest rate hikes or a downturn in prices. MacBeth disagreed, saying real estate should not be regarded as a sure investment and a crash is necessary to bring debt levels into line. He also advised people to sell their condos. "Condos are a terrible investment said MacBeth, who will be a guest next week on. The Exchange with Amanda Lang. "Theyre not even an investment at all.". In an interview published in the Globe and Mail today, MacBeth predicts a serious crash in house prices as soon as this coming spring, and advises people with large mortgages to sell, and rent. His book, When the Bubble Bursts, forecasts a drop of up to 50 per cent in housing prices. But Harper told a New York business audience that he did not anticipate a housing crisis in Canada, and that that there was no comparison between the Canadian housing market now and the U.S.
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Skip Breadcrumb Links About RBC Economics Forecasts Special Reports Canadian Housing Analysis of national and provincial trends in housing affordability and developments in major metropolitan housing markets. Housing Affordability. A quarterly report pinpointing cross-country trends in housing affordability in provincial and major metropolitan housing markets.
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