CMHC expects housing market to recover in next two years after declines

that housing starts should come in at around 200,000 units next year after declining this year and last.

It says home sales are expected to increase in the next two years, offsetting declines since 2016, as household disposable income grows. Home prices are also expected to start growing in 2020 and 2021 to raise the average price above the 2017 peak. CMHC warns that trade tensions and high household debt still present risks to the economy and housing market stability.

It also says that higher interest rates or a rise in unemployment could hit already strained budgets and put pressure on housing activity.

Decline? Our household has purchased 2 properties in the last 2 years. We sold a property in a DAY. Seems like the east of 🇨🇦's housing market is in a pretty good way to me.

Ya not likely even though the real estates people want you to believe that 😂

Decline Where

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of Canada unlikely to cut rates after ‘surprisingly positive’ business sentiment reportEconomy appears to be humming in Ontario, Quebec and B.C., but things look less positive in the Prairies as energy sector struggles The Canadian economy continues to perform very well .
Source: nationalpost - 🏆 10. / 80 Read more »