Economics

David Madani Stands By 2011 Prediction Of Canadian Housing ‘Day Of Reckoning’

The economist realtors love to hate: David Madani stands by 2011 prediction of Canadian housing ‘day of reckoning’

David Madani is sticking to his guns, almost four years to the day that one of the most quoted bears on the housing market predicted as much as a 25% decline in prices. “There will be a day of reckoning,” said the Canada economist of Capital Economics in an interview. Mr. Madani bills himself as independent…

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