Strong home sales driven by consumer efforts to beat rising interest rates and the harmonized sales tax coming soon to Ontario and British Columbia will push the nation’s average home price to just under $350,000 before it peaks and starts to decline says a report released by TD Economics today. While sales should come close [...]
TD Bank Financial Group released a “Resale Housing Outlook” yesterday that provides some insights into the potential consequences of the quick recovery that the Canadian housing market experienced over the past year. It’s a pretty interesting, “where we’ve been, where we may be headed” report. Some of the ideas that caught my attention from the [...]
Released yesterday by TD Economics, this report on Canadian housing. Looking back on the boom in Canadian home building from 2002 to 2008, it is now clear that unsustainable price increases drove unsustainable levels of building. This overbuilding will weigh on markets over at least the next three years. Even as Canada recovers from the [...]
Canada’s housing boom has ended for the second time since Douglas Porter; deputy chief economist at BMO Nesbitt Burns officially declared it “over” in mid-April. Stay tuned for further endings as we move through summer and into the fall. In a report released this week by TD Economics, economists Craig Alexander and Pascal Gauthier said, [...]
A TD Economics “Housing Market Commentary” released yesterday describes Saskatchewan’s real estate market as “on fire” and forecasts the province as the home price growth leader across the nation for 2007 and 2008. TD is predicting increases of 28% in 2008 and 11.3% in 2009 which would make Saskatchewan the only province to experience double [...]
“While the Bank of Canada elected to leave its key lending rate unchanged at 4.25%, it will likely be the last time the central bank does so for a little while. In acknowledging that both economic growth and inflation has exceeded its expectations, the Bank explicitly stated that “some increase in the target for the [...]
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