The appreciation of home prices in the Toronto and Vancouver markets will slow this year but there will not be a crash. That’s the view of TD Bank economist Diana Petramala whose new report forecasts that the tightening of lending regulations and an uptick in mortgage rates will have a calming effect on the markets. Although the report suggests a 4 per cent rise for Toronto prices and 7 per cent for Vancouver, it is a sharp drop from their respective 2015 increases of 14 and 20 per cent. Petramala sees a “moderate” decline in prices for 2017.
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