This Weeks Top Stories: Canadian Real Estate Prices Forecasted To Fall Next Year, And Debt Problems To Get Worse

Author: Andre Ouimet - Mortgage Agent | | Categories: First Time Home Buyer Mortgage , Home Equity Loans , Mortgage Agent , Mortgage Refinance , Residential Mortgages

A Bay Street firm is warning institutional clients of falling real estate prices. The firm’s latest model suggests prices may fall up to 11% at the national level, starting next year. In Vancouver, the declines can peak at a much higher 17%. Toronto may see the biggest dip, with declines of up to 26%. The firm joins other risk advisors, as well as the CMHC, in forecasting price drops next year.

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