Ontario housing activity has stabilized in recent months and housing demand will show a modest recovery through the latter part of 2011, according to the 2010 Fourth Quarter Canada Mortgage and Housing Corporation (CMHC) Housing Market Outlook.
Highlights of the Ontario forecast include:
• Ontario leads economic recovery in 2010 but lags rest of Canada in 2011.
• Current trends suggest sales will stabilize by year-end and post modest
gains through 2011.
• Owing to economic uncertainty, Ontario sales will range between 175,000
and 210,000 transactions this year and next.
• Ontario home prices will stabilize later this year. Recovering demand will
boost prices through 2011.

• Ontario home starts will strengthen from 2009 levels reaching 59,900 units in 2010.
Home starts will moderate in 2011, but show modest recovery later next year.
• Owing to economic uncertainty, starts will range between 47,000 to 65,000 units
this year and next.
• Demand for apartment ownership and rental accommodation will remain strong.
To learn more, visit CMHC’s website: http://cmhc.ca/en/index.cfm