Benjamin Tal comments on the Canadian vs. US real estate market

People are always asking me if we are headed in the same direction as the US housing market.  I don't get this question as much as I used to, but I still get asked it.  I think people are seeing that we are standing on our own two feet up here in Canada.  By the way, my answer is always the same...no.  Our lending restrictions are much tighter so buyers who cannot aford to buy, won't be buying.  These restrictions are protecting everyone.  Benjamin Tal states "...any comparison to the American market of 2006 reflects deep misunderstanding of the credit landscapes of the pre-crash environment in the US and today's Canadian market."  Read his full report...