Potential Canadian homebuyers stand pat, expecting prices to slide further

by Carolyn Ireland

A for sale sign outside a house in Toronto.

Canadian home prices are heading into a steeper slide than previously expected, according to economists at Toronto-Dominion Bank.

TD economist Rishi Sondhi is now forecasting that the average national home price will drop 10 per cent through the early part of next year from the third quarter of 2023.

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