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Not a bad thing for people living in Canada getting paid in USD.
As for a housing market correction.
I would not bet to much on it hitting Vancouver or Toronto hard.
As the dollar and price of oil drops, many will leave AB seeking work elsewhere so the demand for housing in places with less than a 2% vacancy rate may not become a reality. It may become one for areas with higher vacancy rates as the supply / demand pressure is not there to support the prices as the CND drops lower.
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