Real Estate — June 14, 2012

Windsor Housing Demand to Increase in 2012

WINDSOR, ONTARIO--(Marketwire - June 14, 2012) - According to Canada Mortgage and Housing Corporation's (CMHC) Spring Housing Market Outlook report for the Windsor Census Metropolitan Area (CMA), housing starts and MLS® Sales are both forecast to increase in 2012 and 2013.

"Increasing employment and a growing population are expected to support housing markets in 2012," said Paul Tessaro, CMHC's Windsor Market Analyst. "While new home starts and MLS® sales are expected to decline in the second quarter of 2012 after an active first quarter, they will rise in the remainder of 2012. The existing home market will remain balanced in 2012 with the average price rising moderately."

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:
Paul Tessaro
226-235-0706
ptessaro@cmhc.ca

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