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If it like you said, the house price will always go up no matter how bad the economic. THAT IS NOT TRUE!

If the jobless rate growing, people will move out to other city where they can find a job.

If the jobless rate growing, immigrates will go elsewhere, such as Calagray instead of Toronto.

If the jobless rate growing, there are no many people can afford. Even the people with a job do not feel secure and dare not buy a house, who knows who will be the next one to be laid off.

There are new immigrates coming, but they can not save the whole economic.
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