Canada's Housing Market Outlook: Expert Predictions for 2026
Thursday, 4 April 2024, 14:31
CMHC Report Predicts Record Highs for Canada's Housing Market
The Canada Mortgage and Housing Corporation (CMHC) released a comprehensive outlook on the country's housing market, highlighting a potential surge in home prices.
Key Findings:
- New Highs Forecasted: The report suggests that home prices in Canada could hit peak levels by next year, setting new records by 2026.
- Market Recovery: Housing starts are expected to decline this year but show signs of recovery by 2025 and 2026.
The insights provided by the CMHC report offer valuable information for investors, homeowners, and policymakers navigating the dynamic real estate landscape in Canada.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.