Winnipeg Free Press - ONLINE EDITION
Posted: 02/20/2013 10:42 AM | Comments: 0
Manitoba's robust housing market will continue to chug along in 2013, according to the latest forecast from Canada Mortgage and Housing Corporartion.
The national housing agency predicts new-home construction will dip only slightly (by 2.0 per cent) to 7,100 units from 7,242 in 2012.
And sales of existing homes are expected to increase by O.7 per cent to 14,100 units from 14,008 in 2012.
The agency also predicts resale house prices will climb at the fastest pace in the country this year -- roughly 4.0 per cent to an average of $255,900.
"Basically housing markets are going to remain pretty much where they are," said Lai Sing Louie, CMHC's regional market analyst told about 200 housing industry delegates attending a housing outlook conference this morning in Winnipeg.
Having problems with the form?Contact Us Directly
China's official news agency says central bank cuts interest rate
ECB head willing to step up stimulus
Poll: Employers watching insurance costs closely
Shopping around pays off in long run
Boxed mattress a sleeper hit
Carlisle, AuRico sign partnership agreement
Be creative this Christmas to avoid credit card debt
Stimulus merits in focus as ECB weighs action
What's QE, anyway? A look at central bank stimulus
Tribal head to speed North Dakota pipeline talks
Explosion on Gulf platform; 1 dead, 3 injured