CMHC - Canada's Housing Market Outlook

The Canada Mortgage and Housing Corporation (CMHC) has released it's quarterly report with Canadian market predictions for 2013, including forecasted housing starts, resale activity and prices.

Highlights of the report include:

• Employment is expected to strengthen, and unemployment is expected to decrease and stabilize.
• Mortgage rates are expected to stay low by historical standards.
• Balanced market conditions are expected to continue.
• Average home price is forecasted to rise only slightly.