Ben Rabidoux has an article in the Globe and Mail about ‘soft landing’ in the real estate market.
Check out the full article here.
His points mostly come down to this question:
If the housing economy decreases, what will happen to all those jobs provided by building, selling and furnishing homes?
My crystal ball works no better than anyone else’s; I have no idea where house prices will be in the future. But I am deeply concerned with the clear imbalances that this current boom has created. And that raises an important question: If we are indeed headed for a soft landing, and if the economy and labour market is negatively affected by a soft landing in housing as I believe the data suggest, will it remain a soft landing?