Forecast Slows, says Canada Mortgage and Housing Corp

GlobeMail tells MHProNews that Canada Mortgage and Housing Corp (CMHC). is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing. CMHC states that housing starts and home sales have been good in 2012 – particularly when it comes to multiple-dwelling units such as condos and apartments – but will soften moderately moving into 2013. “Balanced market conditions in most local housing markets will result in a slowing in house price growth as well,” Mathieu Laberge, CMCH’s deputy chief economist, stated. CMHC estimates between 196,800 and 217,000 units of housing starts in 2012. ##

(Graphic Credit: CMHC)

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