Smooth sailing ahead for the Canadian housing market, says the Canadian Mortgage and Housing Corporation in its first quarter Housing Market Outlook, released today.
Smooth sailing ahead for the Canadian housing market, says the Canadian Mortgage and Housing Corporation in its first quarter Housing Market Outlook, released today.
Mathieu Laberge, Deputy Chief Economist for CMHC, says, "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."
That market stability will include BC, according to the report. It says the economic ducks are in a row, including low mortgage rates, growing employment and in-migration.
Here's the British Columbia Overview. Click here for the full report.
CMHC Q1 Housing Overview for BC, February 2012
