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Don't expect a large return from your house in the next 10 years
Canadians shouldn`t get too wound up by the idea that a housing-market slowdown will erode the value of perhaps their biggest investment asset. On the other hand, they shouldn`t expect massive returns on that investment over the next decade, either.
This is the wisdom contained in a report Monday from Toronto-Dominion Bank economists Craig Alexander, Derek Burleton and Sonya Gulati. While they don`t anticipate a sharp crash in Canadian home values over the next few years, they warned that the downturn will likely be followed by lower-than-historical annual returns over the next decade.
Read the full article here.
Canadians shouldn`t get too wound up by the idea that a housing-market slowdown will erode the value of perhaps their biggest investment asset. On the other hand, they shouldn`t expect massive returns on that investment over the next decade, either.
This is the wisdom contained in a report Monday from Toronto-Dominion Bank economists Craig Alexander, Derek Burleton and Sonya Gulati. While they don`t anticipate a sharp crash in Canadian home values over the next few years, they warned that the downturn will likely be followed by lower-than-historical annual returns over the next decade.
Read the full article here.