TD: House price increases to slow next year

Home prices will slow to just 1% in 2016, TD Bank says in a new report.

Although low mortgage rates will continue to fuel sales this year with prices increasing accordingly, the bank's economist Diana Petramala says “it is hard to point to a catalyst for a further acceleration in housing market activity.”

Cuts in the interest rate and consequently in mortgage rates has made 2015 a record-breaking year, the report says, and the collapse in oil prices has had less of an impact that expected.

“Edmonton, Calgary, Regina and Saskatoon have weakened considerably so far this year, but to a lesser degree than was originally anticipated,” said Petramala. 
 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

Market update:

Investment Hot Spots:
Cape Traverse, Sans Souci, Lower Norton, Ingonish Beach, Markstay

Get help choosing the best mortgage rate

Just fill in a few details, and we'll arrange for a Mortgage adviser to help you find the best mortgage for your needs

  • How soon do you want a mortgage?
  • Name
  • Where do you live?
  • Phone number
  • E-mail address

Poll

Have your investment plans changed for 2017?