Drop in real estate prices expected - MoneySense

Drop in real estate prices expected

Toronto and Vancouver most vulnerable markets, says TD

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Home values are predicted to drop by 12% in the next two years, said the Toronto-Dominion Bank on Monday.

Toronto and Vancouver, both of which currently have extremely high housing prices, are expected to be the most “vulnerable” due to the last few years of condo building. Although economists from TD say that the condo market is not overbuilt yet, sales and construction of new units may slow in the future.

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