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CMHC says Canadian housing still expected to dip this year before a mild recovery in 2014



PORTLAND, OR , Feb. 25, 2013 (RISI) - 

On an annual basis, housing starts in Canada are expected to range between 178,600 to 202,000 units in 2013, with a point forecast of 190,300 units, following a level of 214,827 units in 2012, according to the Canadian Mortgage and Housing Corporation. In 2014, housing starts are expected to range from 171,200 to 217,000 units, with a point forecast of 194,100 units.

Existing home sales are expected to range between 418,200 to 484,000 units in 2013, with a point forecast of 451,100 units, following a level of 453,372 in 2012. In 2014, Multiple Listing Service sales are expected to range from 439,600 to 505,000 units, with an increase in the point forecast to 472,300 units.

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