- "Canada is not set for a U.S. housing crash. Canada’s housing market will cool off in coming months, but a U.S.-style housing crash won’t happen."
This comes, naturally, as many real estate observers have appeared in mainstream media predicting Canada’s housing market is set for a major correction as record low interest rates have spurred buyers to take on more debt than they can afford,
But Soper doesn't want you to be concerned.
Ahh, yes... Phil tells us it's 'unlikely'.
Even in January 2007, when the crash was picking up steam, he boldly stated: "It appears we have established a bottom."
Lereah is infamous for his cheer leading efforts during the height of the bubble and then later when he was denying that the industry was going bust.
Wouldn't care to publish a book telling us that, would you Phil?
Click 'comments' below to contribute to this post.