5 Year Fixed 3.44%

5 Year Variable 2.70%

Ontario home prices expected to rise moderately: CMHC

Ontario home prices expected to rise moderately: CMHC

Date Posted: June 22, 2018

In the recently released Housing Market Insight report, CMHC expects a moderate increase in home prices more in line with inflation through the remainder of 2018 and into 2019.

Highlights directly from the report:

-Current Ontario price correction does not resemble more severe historical price bust periods 

-Fundamental and technical indicators support prices growing in line with inflation over 2018/19 period

- Balanced markets mean stable home prices and less urgency to act among buyers 

“Fundamental and technical approaches utilized in this study suggest that inflation adjusted home prices in the province of Ontario should remain relatively stable and close to fourth quarter 2017 levels. Put another way, nominal home prices should grow in line with the general rate of inflation over the 2018/19 period. This is good news for prospective buyers as fewer bidding wars will result in less urgency to act. For homeowners and investors it means home price expectations will need to normalize.”

For the full report click here.