Housing Starts Up in 2010 -A tight resale market will lead to more housing starts in 2010. Builders will increase residential construction next year as homebuyers look to new homes to meet their housing needs.
-Home resales will increase, but at a slower pace than this year, and new listings will rise in response to higher home prices. Sellers’ or balanced market conditions will prevail. Existing home prices will be slightly higher than in 2009.
To view the entire article, click here: CMHC Housing Starts for 2010.pdf
CMHC Housing Market Outlook
Blog by Mike Cook | January 14th, 2010