TD Bank: Housing slowdown could send prices down 25 per cent
from Huffington Post
Canadian housing is overvalued by some 10 per cent, but a spike in interest rates or an "economic shock" could send prices spiralling down as much as 25 per cent, TD Bank says in a new report. Yet "much of this imbalance appears to reflect frothier conditions in the larger urban centers of Toronto and Vancouver," the report says.
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