Canada Mortgage And Housing Corp.: Slowdown

CMHC Dept: OTTAWA - Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing, according to Winnipeg Free Press. CMHC has been saying for some time that it expects housing prices in most local markets will grow more slowly than they have been recently and a house "sold" sign in Oakville, Ont., Monday, July 23, 2012. Canada Mortgage and Housing Corp. is forecasting a moderate slowdown in new-home construction starts as well as sales of existing housing. THE CANADIAN PRESS/Richard Buchan The Ottawa-based federal agency isn't calling for a major decline, but its latest forecast suggests next year will be somewhat softer than estimates CMHC issued in June while 2012 may be somewhat stronger than previously expected. (www.immigrantscanada.com). As reported in the news.