Canadian housing market to slow moderately in rest of 2012, into 2013: CMHC - InfoNews

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Canadian housing market to slow moderately in rest of 2012, into 2013: CMHC

A house "sold" sign in Oakville, Ont., Monday, July 23, 2012. Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing. THE CANADIAN PRESS/Richard Buchan
August 14, 2012 - 8:50 AM

OTTAWA - Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing.

The Ottawa-based federal agency isn't calling for a major decline.

But CMHC says it expects prices in most local markets will grow more slowly than they have been recently.

CMHC says housing starts and home sales have been strong in 2012 but will soften moderately through the end of this year and into 2013.

News from © The Canadian Press, 2012
The Canadian Press

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