harry wrote in news:5f4c136a-2fff-451f-833a-
:



So, why do you think it won't happen in Canada?




Because Canada never goosed the market with the same stupid incentives the
US did. If there is a correction, it will likely be quite small. You must
also remember that Canada has very few large urban areas, so there are not
many places you can move where there are a significant number of jobs. It's
not like the US, where you can just move a few hours away and have much
lower taxes but the same employment opportunities.

Even the US meltdown was concentrated primarily in areas where it was
possible for underwater homebuyers to walk away without penalty, like
California and Arizona.

--
Tegger