Canada's housing market is expected to continue to cool off throughout this year and into 2009, a Scotiabank report says, bringing balance to the market for the first time in a decade.
However, the report says that a major drop in housing prices, as seen in the U.S. following the sub-prime mortgage crisis, is unlikely.
While home sales in Canada are down about 15 per cent off last year's record highs, prices have yet to dip -- in fact, they are up five per cent.
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