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The CMHC Says: - Printable Version

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The CMHC Says: - fixbot - 12-28-2012

Home prices to track inflation: CMHC

Posted: Feb 17, 2011

From the CBC.

Quote:"The existing home market will remain in the balanced to sellers' market range in 2011 and 2012," CMHC chief economist Bob Dugan said in a release.

As a result, growth in the average [Multiple Listing Service] price is expected to remain in line with economy-wide inflation in 2011 and 2012," he said.

Modest economic growth will continue to push employment levels higher this year and next," said Dugan.

"This, in conjunction with relatively low mortgage rates, will continue to support demand for new homes. Housing starts will remain in line with long term (population growth) over the course of 2011 and 2012," said Dugan