Real Estate Market Update.

Ontario’s economy will grow at a
modest pace of 1.5 per cent this year,
before gaining momentum in 2014
with growth of 2.6 per cent. Next
year would be the first time in over a
decade that Ontario outpaces overall
growth in Canada. Consumer and
public sector spending will contribute
less to economic growth. Instead,
improving business investment,  
non-residential construction and
trade will drive Ontario’s economy,
supported, in part, by a relatively
cheaper Canadian dollar. According
to consensus among Canadian
forecasters, the U.S. economy is
expected to gain strength against
other global economies by 2014.  
This is expected to support Ontario’s
trade sector.

Source CMHC

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