Canadian real estate market may be headed for major price correction

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

By Peter Fabris, Contributor | 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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