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Commercial real estate vacancies remain high as employees choose to work from home, and leases and mortgages face renewal at higher interest rates, a TD Bank economist said Thursday.
A column by Bruce Uzelman
Inflation will still be a factor this year, but we could see declines in interest rates and the cost of goods, James Marple, managing director and senior economist with TD Bank, said at MEREDA's annual Real Estate Forecast Conference.
Morning Edition Host Irwin Gratz spoke with James Marple, a senior economist for TD Bank Group, ahead of the Maine Real Estate and Development Association Conference.
This group of Canadians is carrying a higher inflation rate than everyone else, TD says. Find out more.