CMHC has just released its 2007 Second Quarter Housing Market Outlook. Some of the things they are forecasting is a market correction in the housing market in 2007/8. But don’t call it a crash please. They like to call it a soft landing. Maybe they read my notes from Benjamin Tal’s talk? Maybe. The following are factors that they/me/Benjamin predict will impact the housing market which will result in a ‘soft landing’:
- Strong Canadian economic growth
- Strong Immigration
- Strong Canadian dollar and modest GDP growth
- Job growth
- Consumer confidence
So there you have it. Everything seems nice! To read the report for yourslef please click on the following link:
That’s all for now!