Suspicion is arising worldwide as to the health of real estate markets after the subprime meltdown and weakening of the U.S. economy. However, Canadian real estate players are remaining confident that their particular set of conditions will help insulate the sector from a meltdown, according to an article in The Globe and Mail.
With different owners, lower interest rates, and a more conservative use of leverage plus lower vacancy rates, the Canadian real estate sector is more solid, industry players say. Michael Smith, an analyst at National Bank Financial, told The Globe and Mail that there are "stronger hands with less debt now."
