Housing market to moderate: CMHC
August 15, 2012 By Canadian Garden Centre & Nursery
Aug. 15, 2012, Ottawa — Canada’s new and existing home markets are expected to moderate through the end of 2012 and into 2013, according to Canada Mortgage and Housing Corporation.
“Canada’s housing markets are expected to moderate over the rest of 2012 and into 2013 after showing sustained acuity levels, specifically in the multiples segment, over the first half of 2012. Balanced market conditions in most local housing markets will result in a slowing in house price growth as well,” said Mathieu Laberge, deputy chief economist for CMHC.
On an annual basis, housing starts will be in the range of 196,800 to 217,000 units in 2012; in 2013, housing starts will be in the range of 173,000 to 207,400 units.
Existing home sales will be in the range of 442,300 to 485,000 units in 2012, and 440,500 to 487,600 units in 2013.
Print this page