The latest figures from the Canada Mortgage and Housing Corporation support the frequently-heard forecast that the market is heading for a soft landing.
The third quarter Housing Market Outlook says that economic and demographic fundamentals will continue to support housing activity into 2015. The report predicts a reduction in housing starts with builders reducing inventory instead.
On prices, CMHC expects 4.5 per cent growth in the average MLS price for 2014 with a more modest 1.8 per cent next year, while MLS sales volume is expected to continue growth.
The third quarter Housing Market Outlook says that economic and demographic fundamentals will continue to support housing activity into 2015. The report predicts a reduction in housing starts with builders reducing inventory instead.
On prices, CMHC expects 4.5 per cent growth in the average MLS price for 2014 with a more modest 1.8 per cent next year, while MLS sales volume is expected to continue growth.