CMHC: Expect higher Canadian house prices, but fewer starts in 2014

Canada federal housing agency lowered its forecast for housing starts but not prices in 2014 and said sales and construction will be flat or barely higher in 2015 as the once-roaring market adjusts to a glut of condominiums coming onto the market. Canada Mortgage and Housing Corp said the nation’s housing boom is coming to an end in what officials hope will be a soft landing as construction slows to more sustainable levels and sales and prices tick only slowly higher.
Source: Financial Post & CREA
Bernard Haché

Bernard Haché

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