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OTTAWA — Canada’s home sales and price growth will moderate over the coming years from the unsustainable levels of 2020, but remain elevated, with housing starts expected to stabilize by the end of 2023, the national housing agency said on Thursday.
While the pace of price growth is expected to ease as mortgage rates increase and buyers face already high prices, home prices could climb 14.4 per cent on average in 2021, the Canada Mortgage and Housing Corporation (CMHC) forecast in its spring market outlook.
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