- You are here:
- Home »
- Blog »
- Canadian Economics »
- After positive first quarter report, Canada Mortgage and Housing Corporation now forecasting housing prices will stabilize
After positive first quarter report, Canada Mortgage and Housing Corporation now forecasting housing prices will stabilize
The hot housing market is expected to stabilize over the next two years with prices, sales, and new construction leveling out. Regional Economist for Canada Mortgage and Housing Corporation Ted Tsiakopolous says the first-quarter 2012 report to underplay fears of a sharp correct that would see prices plummet in hot spots like Toronto. The CHMC expects the average house price in Canada to hit almost $369,000 in 2012 and reach $379,000 in 2013.
About the Author Durham REI
The Durham Real Estate Investor club began in 2008. Whether you are just starting your journey, have been investing for a few years, or are a well seasoned real estate investor the Durham Real Estate Investor Club has many benefits to you.
Related Posts
The Elimination of Private Rental Housing in Ontario: Financing (Part 1)
Canada’s inflation rate was up in January
Canada’s population grows to nearly 33.5 million
Fewer Canadians expect to retire on time
Canada’s annual inflation rate remained unchanged and relatively strong
