OTTAWA — The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026...
OTTAWA — The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.
But it says despite an increase in rental housing coming on the market in 2023, supply is not forecast to keep up with demand, leading to higher rents and lower vacancy rates in the coming years.CMHC says affordability in the home ownership market will also be a concern for the next three years, as declining mortgage rates and the strongest population growth since the 1950s will likely spur a rebound in home sales and prices.
Baby boomers are selling their homes and millennials are buying—it’s a ‘generational tug of war,’ a top housing economist says“I can’t sleep, I feel like Robert is talking to me,” the man’s widow told a news outlet. “I hear his voice in my head all the time.”
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