CMHC Real Estate Projections

CMHC REPORT
PROJECTED TRENDS IN REAL ESTATE FOR 2010

I recently had the opportunity to attend a day-long seminar presented by CMHC (Canada Mortgage and Housing Corporation). The CMHC is an excellent reference for statistics involving Canada-wide real estate behaviour, whether trends past or projected.

Shaun Hildebrand, a CMHC GTA Senior Market Analyst, put together an extensive Power Point presentation of his findings. Some of his comments that stick with me are as follows:

• more listings will come available in 2010
• resale housing prices will remain stable, or increase only moderately
• newly constructed homes will be more competitive
• there will be a record number of condo units completed
• condos tend to be a very popular choice among 1-person households.

It seems that the slightly lower re-sale home prices will not be a deterrent to sellers. Bear in mind that:

• interest rates will remain historically low until at least June 2010
• buying and selling in the same market levels the playing field for those looking to sell and purchase something else
  
• there are still many qualified buyers out there looking for desirable properties

In conclusion, it is my opinion that real estate is not only a very strong investment option in today's economy; it is also integral to the growth and recovery of said economy.

Call me today with your real estate concerns and questions!

with warmest regards,
Lindsay Karabanow
(416) 809-6245
lindsay@torontorealestatetoday.com
www.torontorealestatetoday.com