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

More News ...

JONESIE: The importance of local news? Please
OPINION “Write something about the importance of local news or something.” That was the suggestion from Kelowna city councillor Mohini Singh as part of a campaign with fellow councillor Rick Webber to keep the axe from

BC changes rules for VQA wines in effort to save wineries, jobs after grape freeze
The devastating loss of grape vines due to the intense cold snap this past winter has left wineries in the Okanagan scrambling to stay in business. In an effort to help the businesses weather the impacts, the province will temporarily allow

Kelowna woman loses legal fight with housing co-op over medical cannabis
A Kelowna woman who wanted to smoke medical marijuana in her unit has lost a legal battle against her housing cooperative. According to a June 26 BC Civil Resolution Tribunal decision, Natausha Couture argued the Okanagan Housing Cooperativ

Ongoing dispute between Osoyoos neighbours lands back in court
A long-running neighbourly dispute that has led to criminal convictions and a restraining order was back in front of the BC Civil Resolution Tribunal with the victims asking for financial compensation after their next-door neighbour tried to run

Popular penticton News

Recently released Kelowna sex offender back behind bars for sex crimes
Just two weeks after being released from jail for sex crimes, a Kelowna man is back behind bars having been charged with committing an indecent act in a public place. Cyrus David Fines, born
July 25, 2024 7:00 AM
Right place, right time: Kamloops woman captures viral nature photo
Sometimes a photo is taken in just the right place at just the right time. Shutterbugs in Kamloops and the Okanagan have been sharing gorgeous evening photographs this past week, finding a s
July 25, 2024 12:00 PM
Kamloops cop caught on video in controversial arrest charged with assault
BC Prosecution Service has approved charges against a Kamloops RCMP officer relating to an arrest caught on video last summer. The video showed Const. David Tucker in front of Kamloops city
July 24, 2024 2:45 PM
Here are the facts about British Columbia's wildfire situation on July 25
These are the facts about British Columbia's wildfire situation, according to the BC Wildfire Service dashboard at 3 p.m. Thursday. Active fires: 424 Wildfires of note: Five. Shetland Creek fire, K
July 25, 2024 3:00 PM
iN VIDEO: An homage to the tumbling tumbleweeds of Kamloops
The unique, desert-like landscapes of Kamloops would not be complete without the tumbling tumbleweeds that roll across the roads and rangelands every fall, lending a true Wild West charm to the ci
July 25, 2024 6:00 AM

Trending Now

TRENDING NOW: Prairie dogs will steal your lunch

View Site in: Desktop | Mobile

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

Trending Now

Kamloops

Kelowna

Penticton

Vernon