Home prices will slow to just 1 per cent in 2016 TD Bank says in a new report. Although low
mortgage rates will continue to fuel sales this year with prices increasing accordingly, the mortgage lender’s economist Diana Petramala says “it is hard to point to a catalyst for a further acceleration in housing market activity.” Cuts in the interest rate and consequently in
mortgage rates has made 2015 a record-breaking year the report says and the collapse in oil prices has had less of an impact that expected: “Edmonton, Calgary, Regina and Saskatoon have weakened considerably so far this year, but to a lesser degree than was originally anticipated” Petramala concluded.
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