Do you know about - Toronto Real Estate Market Outlook 2010
Mortgage Rates Forecast ! Again, for I know. Ready to share new things that are useful. You and your friends. What I said. It isn't outcome that the actual about Mortgage Rates Forecast . You see this article for facts about an individual wish to know is Mortgage Rates Forecast .How is Toronto Real Estate Market Outlook 2010
Toronto Real Estate Market Outlook 2010 Tube. Duration : 3.13 Mins.We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Mortgage Rates Forecast . Toronto is still the number one city in |North America with the largest foreign born population. It exceeds other big cities such as Los Angeles and Vancouver. There is a steady 1% growth in the GTA population. A positive indicator of steady increase in home ownership. Although the cost of home ownership will rise in 2010 due to the increase of the property tax, mortgage interest, utility cost and, the average sales price has increased by 7% in GTA in 2009. The household affordability index is still at a healthy percentage of 35%. The index is based on the percentage of mortgage/property tax/utility expenses out of the total household income. The Bank of Canada had learnt from the late 80s and it will monitor and increase the overnight rate carefully in order to prevent inflation overshoot from occurring. Consumers remain confident in the first month of 2010. We are also expecting the market will correct itself by having more new listings in later of the year. It predicts the average price trend will flatten going towards 2011. GTA employment will start to recover in 2010 and the unemployment rate will remain above average in 2010 about 8% while the earning trend will remain flat. Average household income will not vary much at about 000. The Canadian GDP has experienced a strong recovery at 3% to 4% in 2009 and will experience 2% in 2010. More than 60% of GDP is accounted for by personal expenditure on large ticket items such as cars and housings. It can be interpreted ...
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