25 February 2013
26 February 2013
CMHC forecasts slow but steady price growth for Canadian real estate in 2013-2014
According to the Canada Mortgage and Housing Corp. (CMHC), the real estate market slowdown which started in the second half of 2012 will still continue this year. In the same time, CMHC expects the momentum to return by the year-end 2013 and into 2014.
“CMHC says that housing construction activity will go down in the first half of 2013, but by the end of the year it will show more momentum due to support from the economic and employment growth,” – CMHC Deputy Chief Economist Mathieu Laberge noted…