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Loan Modification
: Mortgage Lender Implode-o-MeterWarning of Housing Bubble Overblown, Say Economists
By Implode-Explode Heavy Industries
Canada could be heading into a rapid drop in housing prices according to a report issued by the Canadian Centre for Policy Alternatives on Tuesday. :
But while the CCPA is raising an alarm, others are not so concerned. Ted Tsiakopoulos, a regional economist with the Canadian Housing and Mortgage Corporation, says that with Canada?s steady labour market and relative lack of speculative housing purchases, there is little indication that high prices reflect a housing bubble.
Full post as published by Mortgage Lender Implode-o-Meter on September 02, 2010 (boomark / email).
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