How Canada avoided housing ‘bubble and crash’

The Canadian housing market has managed a rare feat, TD Bank says, avoiding both a “bubble and a crash” over the last three years as the sector gyrated wildly.

In a report from its economics department Thursday, the bank said that the Canadian housing market has pulled off a soft landing and likely hit bottom in July. And having pulled off that rarest of feats, the bank now expects “modest price softness for the next year.”

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Understanding Market Conditions