CMHC has just released its quarterly report. They regularly publish updates and outlooks on the real estate market in Canada. One section gives an outlook on the Ontario housing market.
Net migration and job growth are going to contribute to a strong market in the years ahead. However, CMHC predicts a slower growth rate for Ontario home prices, compared to previous years - "A balanced Ontario resale market suggests prices
will grow in line with the general rate
of inflation. Nevertheless, single-family
MLS® home prices should outpace
higher-density home values thanks to
tighter supply conditions for low-
density housing."
The full report can be found here:
http://www.cmhc-schl.gc.ca/odpub/esub/61500/61500_2014_Q01.pdf
