CMHC sees moderation in Canada’s housing market this year & next

The Canada Mortgage and Housing Corp. says it expects housing starts in 2015 will dip slightly compared with last year, but remain broadly in line with economic and demographic trends.

The federal housing agency says housing starts are expected to decline by 1.0 per cent in 2015 compared with 2014 under its base-case scenario, while it expects Multiple Listing Service sales to stay the same and the MLS average price to increase by 1.5 per cent.

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