24 February 2011
“We don’t think that home prices are likely to fall very soon after that”, – he said. “Yes, the new rules will decrease the amount of homebuyers a little bit, but let’s not forget it’s the time of economic expansion. The main task of it is to limit the homeownership rate, which is at a record high level now,” – he said.
“The real estate market improvement owes much to the affordability level increase. But we’re not sure it will go on like this,” – said Francis Fong, TD economist.