OTTAWA - Canada Mortgage and Housing Corp. says it now sees home sales and prices declining this year, a downgrade from its earlier forecast, before the market returns to modest
OTTAWA - Canada Mortgage and Housing Corp. says it now sees home sales and prices declining this year, a downgrade from its earlier forecast, before the market returns to modest growth next year and in 2028.
CMHC says a number of factors, including economic uncertainty, slower population growth and borrowing costs, are expected to weigh on activity in the housing market.
Canada’s housing stock would be about 30 per cent larger and prices 10 per cent lower.
Once-hot housing market faces plenty of economic headwinds and the latest numbers from CREA don't point to a major turnaround.…
Rising inflation and fears that interest rates would rise weighed on the housing market earlier this year, prompting CREA to…
Canadian Real Estate Association data out yesterday suggest sales, new listings and prices have all stabilized. Read more
Canadian Home Builders' Association's CEO talks to the Financial Post about how home construction is headed for a slowdown. Watch…
Canadian homebuyers should be on the winning side from declining home prices, but rising mortgage rates are robbing them of that.…
