'Soft landing' expected for housing market, CMHC

CBC NEWS - Canada's national housing agency says it expects builders to stop making as many new homes and focus on selling the ones they've already built.  The Canada Mortgage and Housing Corporation's latest quarterly forecast predicts lower sales volumes for 2015, with 163,000 to 203,200 homes expected to be built.  The lower end of that forecast is below the 179,600 to 189,900 new homes expected by the end of this year.

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Michael James

Michael James

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