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CHMC PREDICTING

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MrBig

Post subject: CHMC PREDICTING

Posted: Fri Aug 10, 2007 11:26 pm

Joined: Sat Jul 07, 2007 9:44 am
Posts: 1091
Location: HV

CHMC predicts that by the end of 2007, average home prices will grow at about twice the rate of inflation. Mortgage rates are not likely to rise much. Ontario's manufacturing and export sectors are adjusting to the higher Canadian dollar, and will benefit from A RECOVERING U.S. ECONOMY.
CHMC also sees a narrowing economic gap between the west and central Canada, which should slow down the migration of Ontario residents heading west for jobs. Combined with rising immigration, the population growth in the GTA will be sustained.

All indicators are that the real estate market will stay strong for the foreseeable future.

(taken from a newsletter)

HOUSING MARKET INDICATORS for a single-family dwellings:

SALES... May2006 (9434)...May2007 (11146)... went up 18%
New listings... May2006 (17685)... May2007 (11399)... went down 2%

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MrBig

Post subject:

Posted: Sat Aug 11, 2007 6:48 pm

Joined: Sat Jul 07, 2007 9:44 am
Posts: 1091
Location: HV

it is 17399...

Typing mistake. it was close to midnight when I was typing that post... Blame it on these sleepy eyes :shock:

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