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finance: Home Values To Fall – Vancouver - 07/22/11 07:48 PM
Are house prices in Canada on the decline?
TD thinks so…
Or at least a “moderate correction”
The average price of a resale home in Canada will fall by more than 10 per cent over the next couple of years, an analysis by TD Economics predicted Wednesday.
Calling it a “moderate correction,” the report’s authors also say sales will decline by more than 15 per cent over the same period.
“A combination of more subdued job and household income growth, rising interest rates, the recent tightening in borrowing rules for insured mortgages and fewer first time home buyers are expected to … (0 comments)

finance: Canada's (Sub-Prime) Mortgage Market - Causing Concern for the Bank of Canada? - 11/20/09 05:37 PM
For most of this year the markets have been discounting an economic recovery. That is, they have been in rally mode in anticipation that the worst of the economic crisis is over. While that is likely, all that is left for debate is how meaningful the recovery will be and if it is sustainable. The G20 countries have committed to not let their collective foot off the stimulus gas pedal until they are confident that the economy is on a sustainable trajectory.
As has been expressed before in this space, the distortions being caused in the markets by a weak US dollar are … (0 comments)

 
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Mark Fidgett

Vancouver, BC

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Mark Fidgett - www.NotaPennyDown.com

Address: 1530 7 Avenue West, Cancouver, BC, V6J 1S3

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