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- 2010-05-13
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The possibility of a housing correction in Canada is very real. As long as oil remains above $100, everything might be fine. However, if oil price falls down to $60 level, there will be big correction.
Natural gas price is at multi-year low and thus the differential between oil and gas is very questionable.
The stoppage of immigration is another reason.
The other one is the renter group. Those of you that are landlord probably know what renter's job profile is. They are normally not holding permanent employment positions. When mobility is killed by a slower economy, the renter group shall deteriorate pretty fast ...
Just some observations. For now, all is fine and sunshine is still bright !
agree with you. so the sun might not shine for too long!