Canada Mortgage and Housing Corp. Forecast: Home Prices Set to Reach New Highs By 2026
Thursday, 4 April 2024, 19:09
Canada Mortgage and Housing Corp. Forecast:
The latest report from the Canada Mortgage and Housing Corp. projects that home prices could match peak levels seen in early 2022 by next year and set new highs by 2026.
Housing Market Outlook:
- The forecast indicates an increase in rental housing supply in 2023.
- However, the supply is not expected to keep up with demand, leading to higher rents and lower vacancy rates in the near future.
- Unfavorable financing conditions might hinder homebuilders from meeting the demand effectively.Source: CMHC report
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.