Canadian home prices forecast to decline until mid year before they bottom out and start rising again through 2025. Read more from CMHC
Play Video
The national housing agency’s annual forecast, released April 27, predicts that while the average home price for 2023 will end up below last year’s level, a lack of supply and increasing demand will reinforce the country’s housing affordability challenges.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“With demand for housing still well outpacing new housing supply, affordability challenges will persist for owners and renters,” its chief economist Bob Dugan said.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Average home price in Canada will not revert to pre-pandemic levels this year, CMHC saysThe CMHC is predicting home prices and sales will record year-over-year declines, and by the end of 2023 leave the country with an average annual price below the 2022 level
Read more »
Canada's home prices haven't hit bottom yet, says CMHCCanadian home prices forecast to decline until mid year before they bottom out and start rising again through 2025. Read more from CMHC
Read more »
Canada's home prices haven't hit bottom yet, says CMHCCanadian home prices forecast to decline until mid year before they bottom out and start rising again through 2025. Read more from CMHC
Read more »
Unaffordable housing will push rents higher in Canada: CMHC - National | Globalnews.caA new housing outlook from Canada Mortgage and Housing Corp. shows that as homeownership remains out of reach for many, renters will face higher costs.
Read more »
Honda launching mid- to large-size EV on own platform in 2025The Japanese automaker late April revealed its future electrification strategy, battery development plans, and even a new slogan
Read more »
Honda launching mid- to large-size EV on own platform in 2025The Japanese automaker late April revealed its future electrification strategy, battery development plans, and even a new slogan
Read more »