Housing markets are expected to remain steady in 2012 and 2013, according to the latest Canada Mortgage and Housing Corporation (CMHC) Housing Market Outlook. The report predicts that the Canadian economy is set to expand at a moderate pace and mortgage rates are expected to remain low, keeping 2012 activity levels in both new home construction and resale homes close to 2011 levels. Housing starts are expected to be in the range of 164,000 to 212,700 units for 2012, and between 168,900 to 219,300 units in 2013. To view the report, visit www.cmhc.ca, click on Newsroom from the home page and then News Releases.
Source; OREA , CMHC