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Why the housing correction won’t trigger a banking crisis

Proactive mortgage strategies help cushion economy
Skyline of Toronto's financial core, including BMO and Scotiabank headquarters. (CoStar)
Skyline of Toronto's financial core, including BMO and Scotiabank headquarters. (CoStar)
CoStar Analytics
December 8, 2025 | 12:38 P.M.

While the housing market is correcting, there are some specific reasons why it won't end up as a repeat of 2008.

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