Canada Housing Crash Could Take Economy Down With It, Analyst Says

Canada's housing market is falling in the country's major cities and it could very well drag the economy down with it, a prominent housing analyst said on Thursday.

Canada's housing market is falling in the country's major cities and it could very well drag the economy down with it, a prominent housing analyst said on Thursday.

Ben Rabidoux, an analyst and strategist with U.S. research firm Hanson Advisors, told a packed house at The World Money Show in Vancouver that the economy is in for a rough landing because of its dependence on a slumping housing market. "At this point, the con

sensus is that we're in for what they call a soft landing," he said.

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