According to experts, up to 2011 home prices in the country has decreased by 2,7%. In the current year, housing will rise in price by 9% compared with last year, according to Canada.com, citing data from Toronto-Dominion Bank. Previously, bank analysts have assumed that the price growth trend will continue in 2011, but later revised its forecast downward. This is due to the expected increase in interest rates on loans, thus reducing the demand for housing and, consequently, prices. Recall that the primary residential market value of Canadian housing grew at an insignificant rate this year: in January it rose by 0,4% compared to the previous month and in February - by 0,1%.
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