Thursday, November 24, 2011

CMHC gives positive outlook for 2012

CMHC forecasts for 2012 are positive for home owners and investors.  It appears 2012 will be another growth year for housing in Canada.  Interest rates are predicted to stay low. 

In my opinion, I think this is a good year to be focussing on some debt reduction and asset growth.  The great part of low interest rates is that a higher percentage of your payment goes to principle reduction.

To read full Ottawa Citizen article

1 comment:

  1. There is always a contrasting view on the Canadian housing. Have a look at the Economist's article today which says "... In some countries, such as Australia, Canada and Sweden, prices wobbled but then surged to new highs. As a result, many property markets are still looking uncomfortably overvalued... home prices are overvalued by about 25% or more in Australia, Belgium, Canada, France, New Zealand, Britain, the Netherlands, Spain and Sweden"

    http://www.economist.com/node/21540231

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