TREB President’s Column as it appears every Friday in the Toronto Sun’s Resale Homes and Condos section.
February 25, 2011 — I have written recently that the Toronto Real Estate Board (TREB) expects to see the average existing home price in the GTA grow by approximately three to five per cent per year over the next two years.
Much has been made of some recent analyses forecasting double-digit declines in Canadian home prices. Some analysts have given a specific time frame whereas others have simply argued that the Canadian homes are currently overvalued and their values should decline over time.
Geography is another issue. Talking about the Canadian housing market as a whole is problematic. Market conditions are not uniform across all Canadian provinces and cities.
Read more:
https://bonniebyford.com/022511_affordable_homes.pdf