The spring 2013 statistics have been released by the Canada Mortgage & Housing Corporation.
Market at a Glance:
MLS sales will drop in 2013 but recover robustly in 2014. The average resale price will show a slight increase in 2013 but grow more firmly in 2014.
Housing starts, on an annual basis, will decline in 2013 but will grow moderately in 2014.
- Imrpoving economic conditions and continued price gains will stimulate both demand and supply in 2014.
- Growth in total employment will continue to outpace labour force growth resulting in a drop in the unemployment rate in 2014.
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