Mortgage Industry Forecasts 2018

Mortgage Industry Forecasts 2018


The Canadian Real Estate Association (CREA) expects almost half a million house sales this year and the average price to be just over half a million dollars with a slightly slower first 6 months and faster last 6 months. The main factor affecting prices and volume being the new stress test rules.
Reuters suggest prices will rise at 2% compared to 2017 of 8.5%. Toronto will slow but Vancouver will continue at same pace as before.
Remax says that buyers will shift to buying more condos and moving to the suburbs will continue as Canadians seek affordable ownership.
CMHC expects the posted mortgage rate to drift up slightly.
CIBC say demand will lessen slightly but immigration factors and foreign buyers will keep prices gently rising.

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