Mar 11, 2013
By Michael Kramer
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.