Most markets to see increased prices over next 12 months
Data from CMHC has revealed predictions for house prices and sales levels over the next 2 years with most markets continuing to see price rises. Those increases are predicted to be broadly in line with current levels. There are two areas where declines are forecast; New Brunswick and Prince Edward Island. New data from Statistics Canada due today will shed more light on the state of the economy which could result in revised forecasts for housing.