Will Canada’s real estate boom come to an end in 2016?
According to CMHC – YES!
CMHC expects existing home sales to decline by three per cent in 2016 but by less than one per cent in 2017. New home construction will drop by 4.7 per cent in 2016 and another 2.5 per cent in 2017 as builders try to sell off their excess inventory.
What do you think?