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Average home price will not revert to pre-pandemic levels this year: CMHC

The Canada Mortgage and Housing Corp. says the average home price will not revert to pre-pandemic levels in 2023 because declines in prices will taper off soon and bottom out sometime this year.

Average home price will not revert to pre-pandemic levels this year: CMHC - Business News

Average home price will not revert to pre-pandemic levels this year: CMHC - Business News
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CMHC forecasts 32 per cent drop in new home construction due to inflation, labour shortages

Housing agency’s chief economist says the decline is ‘alarming’ and warned that affordability will continue to worsen

Average home price will not revert to pre-pandemic levels this year: CMHC | iNFOnews

TORONTO - The Canada Mortgage and Housing Corp. says the average home price will not revert to pre-pandemic levels in 2023 because the recent declines in prices are tapering off in many markets and are expected to bottom out this quarter before starting to rise again.

Average home prices in Ottawa will not revert to pre-pandemic levels this year: CMHC – Ottawa Business Journal

The federal housing agency is predicting that home prices in the capital will come in at an average of $640,000 on the low end and $700,000 on the high end in 2023.

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