At the end of last week, another report from one of Canada's largest banks was released in regards to the Canadian housing markets. This time it was from their research branch: TD Ecomomics (for TD Bank, TD Waterhouse, TD Canada Trust).

 

They report that the Canadian housing market in 2012 will be in a battle between on the one side: low interest rates, and on the other side: economic uncertainty along with slow income and employment growth.

 

It's forecast that there will be huge price corrections in both the metro Toronto and metro Vancouver markets which have again heated up in 2011 - especially in the apartment condo markets. Combined with the price corrections, they also forecast a higher that average sales corrections for both cities in the next two years.

 

TD estimates that house pricing, on a national basis, are over-valued 10 to 15 percent, although that is expected to drop over the forecast period.

 

According to the report, there has been little upward pressure...

Maybe you're just curious. Or, maybe you want to know how much equity you have in your own home. Or, perhaps you're thinking of selling soon and want to know how much your home has increased in value. Either way, I can help... with NO "sales pitches," NO "cat and mouse games," NO "bait and switch tactics" and NO runarounds.

 

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