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CMHC sees momentum building in Canada’s housing market

Posted on 07 May 2013

The current slump in Canada’s housing market may be short lived. Canada Mortgage and Housing Corp. – with its pulse on the market as the country’s biggest provider of taxpayer-backed mortgage default insurance – expects the housing market to stabilize by July and then begin to pick up steam.
“We see some stabilization as of mid-year and some more momentum at the end of the year and into 2014, and that of course will be related to an improvement in overall economic conditions next year,” Mathieu Laberge, CMHC’s deputy chief economist, said on a call earlier Monday………………………………………..Full Article: Source


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