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.
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Yet another blog dedicated to the current housing and real estate market. Only this one is different.
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