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Canadian real estate market may be headed for major price correction

Ratings agencies recommend that the Canadian government should step in to slow borrowing.

July 31, 2014

Canada’s real estate market is overpriced by as much as 20 percent, according to the Fitch ratings agency. Fitch and Morningstar research are predicting a sharp correction on home prices. Fitch recommended that the federal government take more measures to slow borrowing on homes.

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