Real Value Forecast: House prices in the GTA will fall once interest rates rise. Average home prices will be 1.2% lower next year at this time.
Mortgage: Mortgage rates are expected to rise in the short term but should still stay low for the long term.
Annual Inflation Rate : 1.4% GTA Residential Rental Vacancy Rate : 2009: 3.1% 2010: 3.4% (Projected)
Bank of Canada growth rate - 2009: -2.6% 2010: 3.7% (Projected) 2011: 3.1% (Projected) 2012: 1.9% (Projected)
Resale House Data
Some material Source: CMHC – Housing Market Outlook GTA Spring 2010
