The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.
A report last week from the agency showed construction began on 137,915 new units last year across Canada’s six largest cities, as levels remained in line with the past three years due to a surge of new apartments.
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Home prices could hit peak levels by next year, set new highs in 2026: CMHC reportOTTAWA — The Canada Mortgage and Housing Corp. is forecasting home prices could match peak levels seen in early 2022 by next year and reach new highs by 2026.
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Housing construction starts stagnant in Canada's major cities, despite growth in apartment construction: CMHC reportIn Canada's six largest cities, 2023 started with stagnated housing construction, with a 20 per cent drop in the construction of single-detached homes compared to the year before.
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