Warning signs grow that 2016 may be the year of ‘peak housing’ for Canada

December 3, 2016 7:08 pm

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There’s one particularly troubling tidbit to be found amid Canada’s surprisingly strong third-quarter growth: residential investment hit the skids.

The annualized 5.5 per cent decline in this category was its worst quarterly showing since 2010, notes Macquarie Capital Markets Analyst David Doyle, who views the details of the report as “growing evidence that 2016 will be the year of ‘peak housing’ for Canada.”

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