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Federal Reserve Bank of Cleveland
Economic Commentary
Why didn’t Canada’s housing market go bust?
James MacGee

Housing markets in the United States and Canada are similar in many respects, but each has fared quite differently since the onset of the financial crisis. A comparison of the two markets suggests that relaxed lending standards likely played a critical role in the U.S. housing bust.

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James MacGee, "Why didn’t Canada’s housing market go bust?" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Sep, 2009.
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Keywords: Mortgage loans ; Housing - Canada
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