An Analysis of Canadian Real Estate and Effects of the Recession

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Essay #: 067558
Total text length is 10,232 characters (approximately 7.1 pages).

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The beginning:
An Analysis of Canadian Real Estate and Effects of the Recession
Introduction and Overview of Recession
Canada was officially declared to be in a recession by Statistics Canada on June 1, 2009. The recession was declared based on the official definition of a recession. A recession describes an economic condition where total spending in the economy is low and GDP (Gross Domestic Product) is in decline for a period of longer than six months. The Canadian recession occurred for several reasons, including the global mortgage and housing crisis which resulted in a collapse of the major financial markets as well as very high unemployment throughout all of the provinces. Total unemployment reached 8.3 percent in Canada at the height of the...
The end:
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