Economist predict fall of Home prices for up to 40%.

Written by:  ptcnetcanada   |    |  June 13th 2017 05:44 AM   |  Updated: June 13th 2017 05:44 AM
Economist predict fall of Home prices for up to 40%.

Economist predict fall of Home prices for up to 40%.

Written by:  ptcnetcanada
Last Updated: June 13th 2017 05:44 AM
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David Madani, senior Canadian economist at Capital Economics says that the Toronto and Vancouver housing markets are on the brink of a "severe downturn" that could hurt the country's GDP and drag home prices down by up to 40 per cent.

Madani warned Capital Economics subscribers about the possible downturn in a newsletter on Friday.

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