OTTAWA — Canada's housing market will remain steady this year and
through 2013, with home prices expected to rise moderately, Canada Mortgage and
Housing Corp. said Monday
"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.
Housing starts will total 190,000 units in 2012 and 193,800 units next
year, according to the government agency.
Sales will amount to about 457,300 units this year 468,200 units in
2013, it said.
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