The Star: CMHC reverses course and predicts a soaring Toronto housing market through to the end of the year

Canada Mortgage and Housing Corporation says historic household savings, low mortgage rates and pent-up demand are fuelling a soaring pandemic-housing market in Toronto and other major cities — with the trend expected to continue through 2021. But CMHC also cautioned on Thursday that there are still forces that could bring the market back down to earth. Deputy chief economist Aled ab Iorwerth cited “major risks” including employment levels that have yet to return to pre-pandemic thresholds and the eventual withdrawal of government financial supports.  READ MORE...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988