CMHC Outlook Shows Moderation in Real Estate Market Across Canada

 

Canada Mortgage and Housing Corporation (CMHC) has just released the third quarter market outlook. Please click the picture above to connect to the full report. The report for this quarter expects a slight market slow down,which jibes with other reports prepared by some major banks. It might be worthwhile to point out the fact that this forecast is made for the broad real estate market across the country but the individual market condition varies. In the past month, eventhough the real estate market slowed down, I have seen prices in certain areas sustain relatively well while some areas have started to drop in price. Location, location, location. Please feel free to contact me anytime if you would like to know  more about the market condition for your area and to find out which areas that have outperformed the general market.

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Antony Chan

Antony Chan

Broker
CENTURY 21 King's Quay Real Estate Inc., Brokerage*
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