"After rebounding in the second half of 2009 and early 2010, housing starts are expected to moderate in the second half of 2010. Starts are expected to stabilize at levels consistent with demographic fundamentals in 2011, according to Canada Mortgage and Housing Corporation’s (CMHC) third quarter Housing Market Outlook."
Chief Economist for CMHC, Bob Dugan, noted that existing home market conditions will remain balanced over the next two years as MLS® sales ease and inventory levels remain elevated. With an improved balance between demand and supply, the average MLS® price is expected to edge lower through the end of 2010 and then rise modestly in 2011.
For the full housing report from CMHC, click the link.
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