CMHC --- 2012/2013 -- STEADY REAL ESTATE MARKET PROJECTION
CMHC has released a newscast, stating real estate market will be steady in the coming 2 years. It is tough to predict beyond that. This is in the face of most economists predicting a doom scenario. Most have made it a habit to cry WOLF every year for the last several years. The fundamentals are good. There may be a pocket in the Canadian market such as Vancouver where valuations are sky high. For more details read the full article by CMHC at ---
http://www.cmhc-schl.gc.ca/en/corp/nero/nere/2012/2012-02-13-0815.cfm