House Sales and Prices Projected to Fall 10% Through to 2013 – Toronto Real Estate

House Sales and Prices Projected to Fall 10% Through to 2013 – Toronto Real Estate-

“A combination of the recent slowdown in economic activity (culminating in the first contraction in output since early 2009), the recent implementation of new mortgage lending rules in March, and the high level of household indebtedness has been instrumental in slowing housing activity since the beginning of the year,” said Toronto-Dominion Bank economist Francis Fong.

StarBuzz, Toronto