Blog entries will be posted in the language in which they were written.
September 17th, 2010

TD Bank Financial Group Predicts Housing Softness

Posted by Joan McGuigan

A recent report from TD Bank Financial Group predicts a pinch in existing home sales by mid-2011. Canadians have some of the highest leveraged households in the world, says the National Post, and this could negatively affect the housing market. Housing indebtedness has been on a “sharp and unsustainable climb” over the past few years. The debt-to-person disposable income ratio  is at 144% in Canada.

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