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A negative take on Canadian real estate and the Canadian dollar (LIP)
I own a Canadian apartment REIT - given the costly nature of Canadian housing, my view is that there will be continued rental demand. I don't entirely disagree with some of his concerns in theory, but they have been voiced before regarding Canada for a while, and - as noted - the Canadian financial system got through 2008 reasonably okay by comparison. All countries have their considerable concerns in this day and age - I don't believe Canada's concerns to be more distressing in comparison to others.
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