Monday, November 5, 2007

CMHC Q4 Housing Market Outlook

I'm sorry to interrupt the ongoing commentary. I just wanted to point out that CMHC has released their 4th quarter housing market outlook for Victoria. You can read it here.

Highlights according to CMHC are:
- Victoria's housing industry robust, growth spurred by strong economy.
- Resale market sales to edge down, prices to rise slowly.
- New homebuilding will level off in 2008.
- New home prices to rise.
- Rental vacancies will remain low.

I think I've heard that all before.