Canada’s Housing Market Stabilizing

14 February 2012 - Which Way to Pay

Email Article Print Article

Canada’s Housing Market Stabilizing

According to the Canada Mortgage and Housing Corporation (CMHC), Canada’s housing sector is slowing but the average home price is still expected to rise. The results were expected as higher real estate prices cannot continue at a time when household debt levels have hit record highs.  Mathieu Laberge, deputy chief economist for CMHC said, “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.” Capital Economics have said that housing prices could drop as much as 25 %.

Canada’s economic recovery was helped by strong demand for housing in 2008 but continued high prices, heavy borrowing surrounding low mortgage rates have left many feeling nervous.

The national housing agency predicted that prices would continue to rise, with the average home in Canada reaching C$368,900 in 2012, up 1.5 % from 2011’s C$363,365. In 2013 the average price is expected to be C$379,000.


Related Links:
Canada's national housing agency
• Capital Economics
Canada Economics Update
• Latest News
Stay current with our daily news updates


Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Pet Insurance. Most family's have that loved pet in there life , lets make sure they are insured .
31 August 2018
Which Way To Pay
Pet Insurance is something that not everyone is aware of and how it can save you thousands of Dollars.
Personal Loan Rates Set to Rise in recent study published
31 August 2018
Which Way To Pay
Recent studies have shown a rising increase on rates attached to Personal Loans.
Avoid the middle man when wanting to lend some extra funds.
04 April 2017
Which Way To Pay
Peer to peer lending is one of the best ways to lend money as your are basically cutting out the middle man.