Real Estate — November 9, 2012

Stable Housing Market in Peterborough

TORONTO, 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

Print

Latest Industry Press Releases

Updated 7:50 EDT, April 17, 2014  

Construction/Building

Black Diamond Group Limited Announces April Dividend (2014-04-17)

Scotiabank: Canada's Housing Market Transitioning to Slower Growth (2014-04-16)

Black Diamond Group Sets First Quarter 2014 Results Date and Time (2014-04-16)

Artis Real Estate Investment Trust Announces Monthly Cash Distribution (2014-04-15)

Greater Toronto Realtors(R) Report Q1 Condominium Market Statistics (2014-04-15)

Greater Toronto Realtors(R) Report Q1 Rental Market Statistics (2014-04-15)

Media Advisory: Scotiabank Real Estate Market Outlook Conference (2014-04-15)

Artis Real Estate Investment Trust Announces Quarterly Cash Distribution (2014-04-15)

De nouveaux logements abordables ouvrent leurs portes à Regina (2014-04-14)

New Affordable Housing Open in Regina (2014-04-14)

Governments of Canada and New Brunswick Celebrate New Affordable Housing in Saint John (2014-04-14)

Innovative Composites International Inc. Announces Closing of Debenture Offering (2014-04-14)

New Emergency Shelter in Melfort (2014-04-11)

Media Advisory: Canada Mortgage and Housing Corporation (2014-04-11)

Avis aux médias : De nouveaux logements locatifs abordables ouvrent leurs portes à Regina (2014-04-11)

Nouvelle maison d'hébergement d'urgence à Melfort (2014-04-11)

Toromont to Announce First Quarter 2014 Results on April 24 (2014-04-11)

Media Advisory: New Affordable Rental Housing Opens in Regina (2014-04-11)

Media Advisory: New Emergency Shelter in Melfort (2014-04-10)

Delavaco Residential Properties Corp. Begins Trading on OTCQX (2014-04-10)

Avis aux médias : Nouvelle maison d'hébergement d'urgence à Melfort (2014-04-10)

Superior Plus Announces April 2014 Cash Dividend and Upcoming Events (2014-04-10)

Lamb Development Corp. Announces the Release of Their Latest Development, The Harlowe (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.

CONDOMINIUM, RETAIL AND OFFICE DEVELOPMENT

$150,000,000 Ottawa ON Negotiated

ROADWORK, DRAINAGE, BRIDGE

$135,000,000 Toronto ON Tenders

ROADWORK, DRAINAGE, BRIDGE

$82,000,000 Toronto ON Tenders

Daily Top 10