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a“... mwnsi M .\ (Sun-Tribune ' “ml ilflfiRRL'HWx m2 "I‘M qnqggynjg m, we "'mn «.- ..... fl ..._A . we’ve discovered the cure! Wflhawmmmmmifllmuhmmfibum. mmmkafimskflhufibostdfibunflnmdmomwimWMumm thoGTA's mosttruuodoommunny newspaper: justtwodaysa rock! "'30 Ivth stun-hon! "yourclildhoxpoflenclngmmcasaof bufldinpintheMmmjusteasmetoufl'vilk. inmtyumManymnowgonc-indudingdu this winter. mmy of the 0H Your home may no! gain value as quickly in the next decade as it did in the last “3 years. according to a new TI) Economics special report. The trio of '11) Canada Trust ecun- omists who authored the new study. Long-Run Rate of Return for Canadian Home Prices. predict a 3.5‘per-rent annual rate at return on real estate will be the norm beyond 2015. as oppmed to the 5.4-per-cent average growth seen between 1980 and 2012 and the 7 per cent per year witnessed over the past Thestudy also forecasts as string of lacklustre performances over the next few years will equate to just 2-per-cem grumh in home prim-s over the nch decade Home price growth is slowing to some degree. Toronto Real Estate Board senior market anaIVSt lason Mercer “We're not expecting In the 6 or 7-per-cem growth we've seen. but we are projecting more modest growth of 3.5 per cent this year.” he said. Housing price gains expected to slow )pwn (@y'rmg t um BY SEAN PEARCE YORK REBiON MAY COITIIUE T0 OUIPACE IIOST AREAS l lowever. it's iniponam to note some markets will outperform the average. Mr. Merror sold. Vancouver. Victoria, (.Lalgary. Edmonton and ‘lorontoyare all listed in the report as areas that will see highcr-lhan-average rates} of return on real estate. he said. adding areas adia- Hnt to those overachievers, Sixth as York Region. should also do well. However. land constraints. grow- ing populations and big: demand are ensuring the market for low-rise units. such as detached homes, semis and towns. remains tight in the GTA and continues to put, upward pressure on Condominium prices may be impacted the most by the pricing umldown. as there is already plenty of supply to go around in the UTA. Mr. Mercer said. ’Howdoyoufedmmredestm investmntnmaijmamnmm db UCldLllw llUllICb, SCIIIIB dJIu . remains tight in the GTA and rues to pm upward pressure on M-rise units in'the GTA still In addition to Canada, Australia. Spain and the United Kingdom were cited as being among the countries whose real estate markets are signifi- cantly overvalued. REENER U HomecfiGowsgn WEIBH IN To register, please visit www.wahdodomorrow.ca Leam how to QIOW amazing things in smafl spaces and be inspired to get outside. Local expert Ken Blown wiii share innovative. simple and inexpensive ways to use vertical space to increase yOur gardens capacity. LébOvtc Centre tar Arts and Entertainment 19 Civic Avenue Town of Whitchurchfitouftvttte " looming'societal changes on the horizon. such as the aging population and a gradtml decline in population growth, could also affect real estate prices, the report states. althotigh the precise impact. be it positive or nega- tive. remains a matter of some debate among experts. Moody’s Investment Services offers a gloomier amessment of the real estate market‘s future. sugesting Canadian homes could lose as much as .44 per cent of their value in the event of a major economic crisis. ‘lhe Canadian housing market has cooled over the past six months and tighter mortgage rules and stricter lend - ing guidelines are two of the reasons for the sales con'ection and slowdown in pricflgmwth. the TD report says. adding prices remain out of sync with economic fundamentals such as price- try'mcome and price-tmrent. , account for three quarters of total sales,” he said. '