Mar 7, 2011
4:00:00 PM
| Last Updated
Housing Market Poised to Strengthen in Q1
Canadian housing market data out this week will likely point to the ongoing rebalancing of the sector, which is supported by low short-term interest rates and domestic demand but constrained by weak income growth and rising financing costs. Although we expect a general moderation in H1 2011, activity could strengthen slightly in Q1 as borrowers rush to complete mortgage applications before new mortgage rules take effect on March 17. Beyond this short-lived bump in activity, we anticipate a gradual cooling in residential investment as household[...]
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