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I´ve been up in Canada over the past week, and it´s obvious Americans could learn a few things from our neighbors to the north. Canada´s economy appears to be (really) stabilizing after a comparatively mild downturn and commercial real estate markets should follow suit-value declines have been in the 10-20% range in contrast to losses in the U.S. headed on average well above 40%. Housing markets in Canada suffered mild buffeting, but prices in prime neighborhoods have more than held their own, and appear to be increasing again. Foreclosures, defaults, and dislocation aren´t part of the local landscape anywhere from coast to coast.

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