Group Says Expect Moderate Slow Down in Housing Sales in 2013
Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing.
The Ottawa-based federal agency isn't calling for a major decline.
But CMHC says it expects prices in most local markets will grow more slowly than they have been recently.
CMHC says housing starts and home sales have been strong in 2012 but will soften moderately through the end of this year and into 2013.
(The Canadian Press)