|TD: Real estate correction in store for Vancouver|
Dec 24, 2011 news1130.com
Bank forecasts a sales drop of 15% and a home-price decrease of 12% in 2012
VANCOUVER (NEWS1130) - According to economists at the TD bank, "a larger-than-average price and sales correction looks to be in store" for the housing market in Vancouver. It forecasts a sales drop of 15% and a home-price decrease of 12% over the 2012-2013 period."
The outlook says "since the summer some of the steam in prices and sales has escaped" the Vancouver market, leaving this area "in a better position than...six months ago."
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