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- 01 30, 2025
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stereotypes portray Canada as the frigid north, awash in maple syrup, hockey and politeness. In the financial world it has earned a more novel, racier reputation: as home to a giant housing bubble. Canada’s property market has soared for , shrugging off the global financial crisis of 2007-09 and outperforming most other countries throughout the covid-19 pandemic. Lately, though, . In Toronto prices have fallen for three consecutive months. Throughout the country, home sales have plunged. Many economists warn that worse lies ahead.