PHOTO: Sydney home prices have started falling, having risen by around three-quarters over the past five years. ABC News: Michael Janda
Australia and Canada have a lot in common when it comes to property — both nations have record housing debt and have had surging prices in two of their key cities.
But there are some key differences in housing policy and financial practices that may make Australia more vulnerable to a housing crash.
These differences have been highlighted by the chief executive of Canada Mortgage and Housing Corporation (CMHC), Evan Siddall, who was the keynote speaker at a recent conference hosted by the Australian Housing and Urban Research Institute (AHURI).
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