In order to respond to these wide-ranging needs of end users, it is important that we take measures to improve the efficiency and convenience of these services while maintaining their safety. In overseas economies, we have witnessed that their payment and settlement systems are making some improvement.
But with the recession and tumbling commodity prices, a housing market correction was inevitable. For Canada as a whole, prices for resale housing dropped by about 9 per cent 2 and for new homes, by about 3.5 per cent 3 compared with their 2008 peaks. The correction was much steeper, though, for regions that had previously experienced the largest increases.