Canadian real estate market shows two of the three characteristics of balonizirane and Canadians must be prepared for the consequences of a possible downturn in the housing market, indicated by the investment company Edward Jones in a report. "Despite the economic stability of housing prices outpaced the general economy, including trends in unemployment and the growth of gross domestic product," wrote the authors of the analysis Uorn Kate and Craig Fair, cited by Toronto Sun. "As a result, our position on the risk of the Canadian housing market is becoming more cautious." The report balonizirane three conditions for the market are overpriced housing, easily accessible credit and weak regulation. The first two are already available and the Government has taken steps to prevent third condition, the report says. The average resale price of housing rose by 19.3 percent in 2009 to 337,410 Canadian dollars (about 331 thousand USD), according to the Canadian Association of real estate. This average residential price is five times greater than the average after-tax income in dalsrochna average of 3.7 times, indicating the company. However, several changes have the potential to cool demand that would prevent the housing collapse, analysts indicate. Among them are new, stricter standards for lending, raising interest rates and mortgage costs, increasing new supply, reduction of consumer responsibilities and harmonization of taxes on transactions. "We believe that fundamentals are available to mitigate the housing market, rather than as a failure occurs in the United States." Earlier this year one of the most affluent Canadian investors - Stephen Dzharislovski, said he was convinced of the existence of a bubble in the housing market in Canada, fueled by government measures that encouraged mortgage lending.