Green Chair Economist
TD Economist Francis Fong had this to say about Vancouver’s real estate market.
It’s All Green
“with interest rates remaining sufficiently accommodative, we do not anticipate any precipitous decline in housing activity in the near term.”
“Rather, we expect a gradual unwinding of the imbalance in both sales and prices over the next few years. Moreover, the bulk of the correction will be concentrated in markets we feel are particularly over valued, such as Toronto and Vancouver”
Nothing much new about Fong’s view of things other than it is does serve as further confirmation that what was is no more. We might next expect commentary from chiropractor’s anxious to re-align our financial bones telling us how much of an ‘adjustment’ will be necessary.
Quotes Courtesy TD.com