The U.S. real estate market is heading into turbulent waters in 2008 but, unlike years past, that won't rock the boat in Canada, according to a major real estate report.
While the annual report, released late last week, warns that the U.S. real estate industry "will be walking on egg shells for a while" and anticipates "a long overdue correction," Canada is likely to avoid both scenarios.
"Interviewees remain positive about side-stepping any serious impacts of a possible U.S. correction," the report says. "All property sectors share positive prospects, especially industrial and retail."
