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<blockquote data-quote="1989" data-source="post: 3396945" data-attributes="member: 10280">Canada’s housing market corrected for a fourth consecutive month in July, led by the cooling in Ontario. Yet the declines appear to be moderating, as the 2.1-per-cent monthly drop in nationwide home resales marked a significant moderation from the 6.4-per-cent average rate of decline in the previous two months.<a href="https://www.google.com/amp/business.financialpost.com/investing/trading-desk/canadian-housing-market-bubble-has-ceased-without-a-crash-landing/amp" target="_blank">https://www.google.com/amp/business.financialpost.com/investing/trading-desk/canadian-housing-market-bubble-has-ceased-without-a-crash-landing/amp</a> Hogue acknowledged that the dramatic drop in Greater Toronto Area home resale activity during the past four months doesn’t look like a soft landing, as the 44-per-cent (seasonally adjusted) dip since March is not far from the 48-per-cent plunge seen between December 2007 and December 2008.</blockquote>

[QUOTE="1989, post: 3396945, member: 10280"] Canada’s housing market corrected for a fourth consecutive month in July, led by the cooling in Ontario. Yet the declines appear to be moderating, as the 2.1-per-cent monthly drop in nationwide home resales marked a significant moderation from the 6.4-per-cent average rate of decline in the previous two months. [URL]https://www.google.com/amp/business.financialpost.com/investing/trading-desk/canadian-housing-market-bubble-has-ceased-without-a-crash-landing/amp[/URL] Hogue acknowledged that the dramatic drop in Greater Toronto Area home resale activity during the past four months doesn’t look like a soft landing, as the 44-per-cent (seasonally adjusted) dip since March is not far from the 48-per-cent plunge seen between December 2007 and December 2008. [/QUOTE]

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