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A house for sale in Toronto's Beaches neighbourhood, in Toronto, Canada, Sunday, May19, 2013.
A house for sale in Toronto's Beaches neighbourhood, in Toronto, Canada, Sunday, May19, 2013.
(Brett Gundlock/ Boreal Collective For The Globe and Mail)

DAVID PARKINSON

Fairy tale ‘soft landing’ menaced by housing oversupply

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For those adopting the moniker of “Goldilocks” to describe Canada’s surprisingly resilient housing market – as in, “not too hot, not too cold” – it’s worth remembering that fairy tales don’t always have happy endings. In one of the earliest versions of “The Three Bears,” in fact, the human protagonist ends up impaled on the steeple of St. Paul’s Cathedral. (Sleep on that, kids.)