Tuesday, July 19, 2011

Karen Guy, REALTOR® ~ TD Special Report: Moderation In Store For The Canadian Housing Market

Highlights from the report!

•    Relative to where they sat in 2011 Q1, national resale activity and average prices are projected to decline by 15.2% and 10.2% respectively over the next two years.
•    Restrained economic growth, higher interest rates, new mortgage borrowing rules and eroding home affordability help support our call for more moderate housing activity.
•    Fewer new home buyers and reduced investor appetite should also simmer new and resale condo activity.
•    In addition to our national perspective, we provide an in-depth overview of twelve major markets within this paper.
•    Over 2011-13, Calgary, Edmonton and Regina housing markets are set to lead the way.  Still, the term “leader” is relative as no market is slated to experience a boom over our forecast.  We simply have these regions doing better than the rest.
•    Given their recent run-up in activity, new condo supply and only subdued economic growth forecast, Toronto and Vancouver are expected to see a larger-than-average correction in both sales and prices relative to other regions.

For the full report, please visit the following:


I am the GUY that will make a difference!

I specialize in selling homes in the in the Okanagan Valley including Westbank, West Kelowna, Peachland with a focus on Rose Valley, Lakeview Heights, West Kelowna Estates and Shannon Lake.

Karen Guy, REALTOR®
Coldwell Banker Horizon Realty

C 250.878.3605 O 250.768.8001


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Kelowna Real Estate Agent West Kelowna Karen Guy Realtor