Real Estate — November 9, 2012
Stable Housing Market in PeterboroughTORONTO, ONTARIO--(Marketwire - Nov. 9, 2012) - According to Canada Mortgage and Housing Corporation's (CMHC) Fall Housing Market Outlook report for the Peterborough Census Metropolitan Area (CMA) resale prices will remain relatively flat through 2013 as the market continues to be balanced. Existing home sales will begin to slow in the latter part of 2012, but begin to gain momentum in the second half of 2013 as employment conditions improve. Housing starts will decrease in 2012 and remain at the same level in 2013 due to slow population growth and sufficient supply in the resale market.
"Although on average employment in 2012 and 2013 will be relatively flat, there will be growth during the second half of 2013 that will support some strengthening in demand for housing. Overall, sales in 2013 will only be down slightly from 2012 as the resale market will start to gain momentum in the latter part of the year," said Anthony Passarelli, CMHC Market Analyst for the Peterborough CMA.
As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high 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 CMHC Housing Market Information.
(Ce document existe également en français)
Contact Information
National Media Contact:
Canada Mortgage and Housing Corporation
Beth Bailey
416-218-3355
bbailey@cmhc.ca
Market Analysis Contact:
Canada Mortgage and Housing Corporation
Anthony Passarelli
416-250-3234
apassare@cmhc.ca
Latest Industry Press Releases
Updated 18:00 EDT, May 25, 2013 
Construction/Building
Women and Children to Benefit With New Opening of Libra House (2013-05-24)
New Women's Centre Officially Opens in Labrador (2013-05-24)
DayStar Technologies, Inc. (DSTI) Announces the Successful Closing of a 20% Equity Position in Premier Global (2013-05-24)
| MOST POPULAR STORIES |
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 515 projects with a total value of $3,642,725,048 that Reed Construction Data Building Reports reported on Friday.
$47,000,000 Metro Toronto Reg ON Tenders
$40,000,000 Ottawa ON Negotiated
$34,000,000 East Gwillimbury ON Prebid
| CURRENT STORIES |
- Ex-Canadian military bases can be transformed
- Shop and Sleep
- Martin remembered for infectious laugh and mentorship
- Staffing levels and safety drive Ontario elevator worker strike
- Proposed wood-frame use meets opposition
- Provincial MPP supporters of prompt payment legislation excited at prospects
- Concrete airplane in South Dakota takes flight
- Opposition tackle Harper government on lack of youth employment
- Construction Site Arson
- VIDEO: Journal of Commerce Update for the week of May 27th, 2013
- Commercial Construction
- Ruling vindicates company that hired Chinese workers
- Acetylene torch explosion causes significant damage
- Investigation continues in deliberate Vancouver duplex fire
- Ancient First Nations site damaged during BC Hydro work
- On Target
- Global engineering guidelines taking shape
- Fit to Work program being developed
- Dire prediction
- Canada and Ireland sign recognition agreement
