CMHC Expects Housing Starts to Slow in 2016 and 2017, Reflecting Significant Regional Differences
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwired) -- 05/18/16 -- Note to editors: There is a photo associated with this press release.
Canada Mortgage and Housing Corporation's (CMHC) second quarter Housing Market Outlook (HMO), Canada Edition highlights important regional differences in housing activity. Housing starts at the national level are expected to slow in 2016 and 2017, while MLS® sales will reflect renewed economic growth in 2016 before falling back slightly in 2017.
Report Highlights
In an effort to align itself with the various needs of those seeking information about the housing market, CMHC's Market Analysis Centre has undertaken a complete review of its products and services. As a part of this review, the CMHC's Housing Market Outlook publication will be undergoing a series of modifications. The general objective is to provide a range of possible outcomes that, in a context of economic and financial uncertainty, will better help users in their decision-making process.
As a first step in this ongoing process, the present edition incorporates forecast ranges for housing variables as well as an expanded discussion on the risks to the forecast.
The complete HMO, including national, regional and CMA forecasts, is available .
This release includes .
In order to access future Market Analysis Centre publications from CMHC, please subscribe to Housing Observer Online by visiting the following link: .
As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers objective housing research and information to Canadian governments, consumers and the housing industry.
For more information, visit our website at or follow us on , , and .
QUOTES
"Our forecast shows that there are important provincial variations within the Canadian housing market. Increased housing starts in Ontario and B.C. will be more than offset by declines in provinces affected by the drop in oil prices in 2016. Sales will reflect renewed economic growth in 2016 before falling back slightly in 2017."
Bob Dugan, Chief Economist, Canada Mortgage and Housing Corporation
To view the photo associated with this press release, please visit the following link:
Contacts:
Jonathan Rotondo
Media Relations
(613) 748-2734
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Datum: 18.05.2016 - 12:15 Uhr
Sprache: Deutsch
News-ID 471939
Anzahl Zeichen: 6620
contact information:
Town:
OTTAWA, ONTARIO
Kategorie:
Commercial Real Estate
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