Real Estate — November 5, 2012Slower GTA Housing Market in 2013
TORONTO, ONTARIO--(Marketwire - Nov. 5, 2012) - Canada Mortgage and Housing Corporation (CMHC) released its Fall Housing Market Outlook report for the Greater Toronto Area (GTA) today. New home starts are expected to slow to 37,600 units in 2013 as condominium apartment construction moderates from strong levels in 2012. Existing home sales will slip to 87,000 units due to less activity from first-time buyers.
"Although annual totals will be lower in 2013, momentum is expected to pick up later next year," explained Shaun Hildebrand, CMHC's Senior Market Analyst for the GTA. "In the coming months, slow price growth, continued low interest rates and stable employment conditions will set the stage for an increased flow of households into the ownership market," added Hildebrand.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.
For more information, visit www.cmhc.ca or call 1-800-668-2642.
CMHC Market Analysis standard reports are also available free for download at http://www.cmhc.ca/housingmarketinformation.
(Ce document existe également en français)
Latest Industry Press Releases
Black Diamond Group Limited Announces April Dividend (2014-04-17)
New Affordable Housing Open in Regina (2014-04-14)
Nouvelle maison d'hébergement d'urgence à Melfort (2014-04-11)
New Emergency Shelter in Melfort (2014-04-11)
Media Advisory: New Emergency Shelter in Melfort (2014-04-10)
|MOST POPULAR STORIES|
|TODAY’S TOP CONSTRUCTION PROJECTS|
These projects have been selected from 481 projects with a total value of $2,274,238,471 that Reed Construction Data Building Reports reported on Wednesday.
$150,000,000 Ottawa ON Negotiated
$135,000,000 Toronto ON Tenders
$82,000,000 Toronto ON Tenders
- VIDEO: Debate still strong as OCOT turns one
- Upset waters over new Ontario diving regulations
- Covering up the Celsius
- Frontier Oilsands Mine joint review panel raises concerns among some First Nations
- The rise of biomaterials in construction
- Doors open on latest PPP Canada funding
- U.S. builders’ confidence rises but is limited by tight credit and shortages of labour and lots
- Keystone XL opponents carve message
- RFP released to shortlisted teams for Milton hospital expansion
- Journal of Commerce Preview for the week of April 21st, 2014
- Fort McMurray airport terminal getting ready for take off
- B.C. government forms liquefied natural gas working group
- Kitimat residents vote against Northern Gateway pipeline
- Precast concrete enables net-zero homes
- Learning to dig safely can save lives
- Ex construction boss admits to collusion in government contracts
- P3 Fund launches
- Supreme court won't hear case involving construction mogul
- Minister spurns spat over plant