HOME RATES ABOUT SERVICES VIDEO CONTACT ME TEAM
AGENT LICENSE ID
160000502
Dean Brideau Mortgage Broker

Dean Brideau

Mortgage Broker


Phone:
Address:
324 Champlain, Dieppe, New Brunswick

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

CMHC Housing Market Outlook - Spring 2023

18/05/2023

From CMHC

Key highlights from the 2023 release

  • We expect house prices and supply in Canada to decrease between 2022 – 2023. Price declines are expected to end sometime in 2023 before increasing for the remainder of the forecast period.
  • Our analysis forecasts a significant drop in housing starts in 2023 and we can see some recovery starting in 2023 to 2024 and onward.
  • Rental affordability is also set to decline due to demand outstripping supply, especially in Vancouver and Toronto.
  • Prairie provinces expect more positive housing market conditions due to interprovincial migration and affordable homeownership.
  • Ontario, British Columbia and Québec will see significant drops in housing starts compared to other regions.
  • The Atlantic region’s economy remains stable and moderate relative to other regions.

https://assets.cmhc-schl.gc.ca/sites/cmhc/professional/housing-markets-data-and-research/market-reports/housing-market-outlook/2023/housing-market-outlook-spring-2023-en.pdf?rev=5c29bc91-2310-435f-b2c9-b801866d0ede

MY LENDERS

Scotia Bank TD Bank First National EQ Bank MCAP Merix
Home Trust CMLS Manulife RFA B2B Bank Community Trust
Lifecycle Mortgage ICICI Bank Radius Financial HomeEquity Bank CMI Bridgewater
Sequence Capital Wealth One Fisgard Capital Bloom Financial NationalBank