CMHC has released this fall’s housing market outlook and there’s some great information in there! Some highlights include:
- Single detached housing starts are forcast to remain below historical averages through to 2017
- Multi-family starts are set to decline from the record high in 2014
- MLS residential sales will decline in 2015 before gradually increasing in 2016 and 2017
- Emplyment growth to slow down in 2015 and 2016 but improve in 2017
For an indepth look at what CMHC is projecting for the coming year take a look at the whole report here.