Home Capital CEO Soloway Sees No Canada Housing Bubble
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Home Capital Group Inc., the largest non-bank mortgage lender in Canada, said it sees no housing bubble in the country.
“Despite a softening housing market in Canada, we do not believe there is a bubble,” Gerald Soloway, chief executive officer of Home Capital, said at the company’s annual meeting in Toronto today. “While the volume of home sales may have declined about 15 percent across Canada, prices have remained very stable.”