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Heres a look at whats going on in the National Market:
Canada-wide, housing starts (new construction) is predicted to slow from
2012 levels, down 9.4% to 193,600 new homes in 2013.
sales in 2013.
remain similar to 2012 and the GDP will increase slightly.
the predicted improvement in the U.S. economy. Despite a high level of media
attention to the U.S. “Fiscal Cliff,” the CMHC strongly predicts that the U.S.
government will move to deal with this issue in a timely manner, and the
resulting growth in the U.S. economy will fuel demand for Canadian resources and
goods, stimulating employment which will drive housing sales across the
Jason Shadbolt, BMgt
As a Realtor, Builder and previous Mortgage Specialist, if you have questions, all you have to do is ask!