Stable Housing Market in Peterborough

Real Estate — June 14, 2012

TORONTO, ONTARIO--(Marketwire - June 14, 2012) - According to Canada Mortgage and Housing Corporation's (CMHC) Spring Housing Market Outlook report for the Peterborough Census Metropolitan Area (CMA) prices will remain relatively flat in 2012 and 2013. In the resale market sales will decrease slightly in each of the next two years. Housing starts will increase in 2012 and 2013 with more single-detached homes being constructed.

"Housing demand will remain steady into 2013 due to growing employment, in-migration and low mortgage rates", said Anthony Passarelli, CMHC Market Analyst for the Peterborough CMA.

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.

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Contact Information

National Media Contact:
Kate Munroe
613-748-4618
kmunroe@cmhc.ca

Market Analysis Contact:
Anthony Passarelli
416-218-3461
apassare@cmhc.ca