CANADIAN HOUSING MARKET FLAT FOR NEXT DECADE: TD BANK

Mar 11, 2013

By Michael Kramer

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T-D Bank is warning that  the real estate bonanza is coming to an end.

The bank’s new report predicts home prices will be essentially flat for the next decade – in part because of  tighter rules for borrowers and lenders.

It also points to an aging population and the the eventual arrival of  higher interest rates.

Meanwhile – The Organization for Economic Co-operation and Development says Canada’s economy is losing steam as prices drop for  key resource exports and other domestic factors affect the economy.

The O-E-C-D’s  latest analysis of the global economy describes strenghthening growth in the U-S and Japan, as well as improving prospects for Germany.

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