BuzzBuzzHome says nobody knows and analysts are often WRONG…

Prices of existing homes in the Toronto area are likely to come down a bit in 2010, a forecast says.

The average price of a home at the end of 2009 was $396,200, but housing analyst Will Dunning says he expects that to fall by about 1.6 per cent, to $389,000, by the end of this year.

The big reason is that job creation is still slow relative to the demand experienced in the market, the economist says.

Read the full article, “GTA resale home prices to fall, analyst says” in the Toronto Star (Jan 22, 2010).

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