Mortgage News
Economists say they continue to be surprised by Canada’s housing market
Record low interest rates have have forced Toronto-Dominion Bank to boost its forecast for the housing sector.
Published
At the start of January this year, economists predicted that rates would begin to rise. The opposite happened when in March, interest rates unexpectedly began to lower. They currently sit at their record low levels.
The demand for single family homes is still strong according to a report of recent bidding wars. Condo prices & lower interest rates are making purchasing a condo for first time home buyers who were pushed out of the market by tighter mortgage insurance rules a reality.