CHMC Housing Market Report Toronto Fall 2012

 CHMC Housing Market Report Toronto Fall 2012

CHMC Housing Market Report Toronto Fall 2012

Market at a Glance 

– New home construction and resale activity will slow into the first half of next year, setting the stage for an improvement during the second half of 2013.
– New home construction starts will reach 37,600 units in 2013, including 10,100 singles and 27,500 multiples. New home sales will total 31,000 units.
MLS sales will total 87,000 homes next year at an average price of $498,500.
 Slower employment growth in the coming months will keep the unemployment rate above eight per cent in 2013 and net migration below its 10-year average.

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