«We expect [a] 17 per
cent price correction in the next 27 months, with 2 per cent in the fourth quarter, 10 per cent [next year] and 5 per cent in 2017,» Nicole Wong, CLSA's regional head of property research, said in the report.
Not exact matches
And even a 30 per
cent correction in Toronto house
prices would still leave homeownership a remote prospect for many.
And then, with the help of 30 - plus years of market stats, I pointed out if we assumed a reasonable signal for a market
correction to be at least a 10 per
cent drop in the average
price of a home, then our campsite investor would have been waiting in his tent for — wait for it — 25 YEARS!
Capital Economics recently predicted a «major
correction in Canada's housing marketing of up to 25 per
cent over the next three years (with) the decline in
prices likely to be most severe in Vancouver.