‘We’re a little bit more unique’: CMHC predicts housing dip, but Windsor-Essex staying resilient

Housing Starts Forecast to Drop Over Next 3 Years, Canada Housing Agency Says

The number of new homes constructed have weakened since the start of the year, according to a report by the Canada Mortgage and Housing Corporation’s (CMHC). The organization is also projecting further drops in new construction over the next three years. “New construction is slowing,” the report authors wrote, as first reported by Blacklock’s Reporter. “Developers remain cautious and financing conditions stay tight.” Home buyers and developers a…

‘We’re a little bit more unique’: CMHC predicts housing dip, but Windsor-Essex staying resilient

The latest forecast for the housing market from the Canada Mortgage and Housing Corporation (CMHC), particularly for Ontario, is a dour one — but Windsor-Essex seems to be somewhat of an outlier.