Chris' Corner: Two Steady Years in the Canadian Real Estate Market Forecasted

Two Steady Years in the Canadian Real Estate Market Forecasted

Two Steady Years in the Canadian Real Estate Market Forecasted by Canada Mortgage and Housing Corporation (CMHC), the Crown Corporation insures Canadian Mortgages.

CMHC calls for  moderate growth in 2012, forecasting housing starts in the range of164,000 to 212,700 and sales of existing homes to be in the range of 406,000 to 504,500, and 2013 housing starts to be in the range of 168,000 to 219,300 with the resale market to be in the range of 417,600 to 517,400.  Among key factors backing CMHC's prediction are low interest rates and a "moderately" expanding economy.

To read the complete article from the Business News Network or to see a video commentary of the CMHC forecast, click here.

Chris Smith CSSBB
          Sales Representative

Interested in Buying or Selling Real Estate?

  ph: 1.866.936.3500

Re/Max
Chay Realty Inc.,
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Comment balloon 9 commentsChris Smith • February 14 2012 03:24PM

Comments

Now THAT'S WONDERFUL NEWS!  Repost is coming so the whole world can see. This deserves to be heard.

Posted by Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Luxury Division Specialist (Keller Williams Advantage III Realty in Lake Nona) over 8 years ago

Kevin, our economy is improving partly on news of economic growth in the U.S., this is good news for all of us!

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) over 8 years ago

That's good new Chris, just need to tell the Sellers so we can get some listings.

Posted by Al & Peggy Cunningham, Brokers, Our Family Wants To Help Your Family! (RE/MAX West Realty Inc., Brokerage) over 8 years ago

Hi Chris - Now if we could only get the economists to agree.  I was at a CMHC seminar today, also attended by a couple of TD mortgage staff who remarked that the TD economists are somewhat less optimistic.

Posted by FN LN over 8 years ago

Hooray!  That is great news.  Things seem to be popping around here, too.  We are having great economic news....what a surprise!

Posted by Ron Marshall, Birdhouse Builder Extraordinaire (Marshall Enterprises) over 8 years ago

Al and Peggy, same situation here... all our listings are selling.

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) over 8 years ago

Marc, some banks feel that the condo market, especially in Vancouver and Toronto is due for a correction, but they have been saying this for more than a year now...

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) over 8 years ago

Ron, what is good for our friends to the south, is good for us.  Go U.S.A. Go!!!

Posted by Chris Smith, South Simcoe, Caledon, King, Orangeville Real Esta (Re/Max Chay Realty Inc., Brokerage) over 8 years ago

Chris, Looks like the Canada market is doing much better than the US.  With Keller Williams in Canada, we get regular updates.  Hope it stays that way for you.

Nancy

Posted by Nancy Murray, Your NICE Real Estate Agent in Colorado Springs (Keller Williams Clients Choice Realty, Colorado Springs, CO) over 8 years ago

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