Latest CMHC report forecasts a steady Canadian housing market

Put down your umbrellas, because the Canada Mortgage and Housing Corp. just released a report predicting stable and sunny skies for the Canadian housing market.

In the forecast issued Monday, the CMHC gave the low-down on the Canadian housing market, explaining that it’s expected to stay steady through to 2013, with home prices rising moderately and the market seeing high activity.

“With the Canadian economy set to expand at a moderate pace and mortgage rates expected to remain low, activity levels in 2012 in both new home construction and sales of existing homes will stay close to levels seen in 2011,” said CMHC deputy chief economist Mathieu Laberge.

With the experts at the CMHC predicting a stable and sustainable market, are you feeling confident about the future of Canadian real estate?

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