CMHC - Ontario's Housing Market Outlook

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

Highlights of the report include:

• Softer pricing combined with an improving job market will lend itself to higher housing demand.
• Less sales of higher priced properties and a more balanced housing market will put less upward pressure on pricing.
• Mortgage rates are expected to stay low by historical standards.