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House prices to be flat for 10 years, TD predicts


Business | 206688 hits | Mar 11 10:41 am | Posted by: martin14
6 Comment

Canada's real estate bonanza of the past decade has come to end and the long-term trend as one of the most profitable places to invest is also not encouraging, a new research paper from the TD Bank argues.

Comments

  1. by avatar martin14
    Mon Mar 11, 2013 8:33 pm
    Weel, everything that has been said for the last couple of years about the market has been a bunch of BS,
    so here is some more. :)

  2. by avatar raydan
    Mon Mar 11, 2013 8:47 pm
    However, the longer term trend is for home price gains to average about two per cent over the next 10 years — flat once inflation is taken into account, says TD chief economist Craig Alexander.

    I find this funny because in reality, that's how it should be.

  3. by avatar bootlegga
    Mon Mar 11, 2013 9:00 pm
    I don't doubt this one bit.

    The Boomers are starting to retire and if even only a quarter decide to downsize, there will be a glut of McMansions on the market.

  4. by Thanos
    Mon Mar 11, 2013 9:34 pm
    Doesn't apply to Calgary though. The local market's apeshit as usual with price hikes thanks to the renewed influx of people coming here. It might settle down eventually but, when compared to other cities, a "bad" market in Calgary is still pretty damn good.

  5. by avatar ShepherdsDog
    Mon Mar 11, 2013 9:43 pm
    While Winnipeg is 'cooling'(by comparison) it's still going pretty strong too. The fact that the labour market is strong and unemployment is still about 5% helps

  6. by Anonymous
    Mon Mar 11, 2013 11:16 pm
    The only place that will see a significant drop is BC. here come the NDP!

  7. by avatar QBC
    Mon Mar 11, 2013 11:25 pm
    With a 1% rental vacancy rate here in GP, the housing market is actually very strong. New listings are selling in as little as a few hours to a couple days. With the influx of workers into the area to fill the large number of employment opportunities that are here right now and for the foreseeable future, housing starts and the market here should grow and continue to grow far faster than the national average they're talking about in the article.

  8. by avatar Brenda
    Mon Mar 11, 2013 11:40 pm
    Hey, at least they're not going down!



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