Real Estate — November 9, 2012
Stable Housing Market in PeterboroughTORONTO, ONTARIO--(Marketwire - Nov. 9, 2012) - According to Canada Mortgage and Housing Corporation's (CMHC) Fall Housing Market Outlook report for the Peterborough Census Metropolitan Area (CMA) resale prices will remain relatively flat through 2013 as the market continues to be balanced. Existing home sales will begin to slow in the latter part of 2012, but begin to gain momentum in the second half of 2013 as employment conditions improve. Housing starts will decrease in 2012 and remain at the same level in 2013 due to slow population growth and sufficient supply in the resale market.
"Although on average employment in 2012 and 2013 will be relatively flat, there will be growth during the second half of 2013 that will support some strengthening in demand for housing. Overall, sales in 2013 will only be down slightly from 2012 as the resale market will start to gain momentum in the latter part of the year," 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.
(Ce document existe également en français)
Contact Information
National Media Contact:
Canada Mortgage and Housing Corporation
Beth Bailey
416-218-3355
bbailey@cmhc.ca
Market Analysis Contact:
Canada Mortgage and Housing Corporation
Anthony Passarelli
416-250-3234
apassare@cmhc.ca
Latest Industry Press Releases
Updated 4:00 EDT, May 23, 2013 
Construction/Building
Black Diamond Group Limited Announces May Dividend (2013-05-17)
Retrocom Announces Extension of Relationship With SmartCentres (2013-05-17)
ATCO Emissions Management at the 2013 WEPower Generation Forum (2013-05-17)
CEMATRIX Corporation Announces Record First Quarter Sales for the Quarter Ended March 31, 2013 (2013-05-16)
ATCO Awarded A$100 Million Subcontract on Wheatstone Project (2013-05-16)
GTA Realtors(R) Release Mid-Month Resale Housing Figures (2013-05-16)
| MOST POPULAR STORIES |
- OPG $1 billion proposal to bury nuclear waste up for comment
- Proposed Ambassador Bridge twinning draws Windsor mayor’s ire
- New ETFO headquarters a benchmark design
- Ontario prompt payment bill to get second reading today
- Construction on pedestrian tunnel to Billy Bishop Airport continues to make progress
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 443 projects with a total value of $1,866,277,015 that Reed Construction Data Building Reports reported on Tuesday.
APARTMENT BUILDINGS, OFFICES, RETAIL
$353,800,000 North York ON Prebid
$90,000,000 Niagara Falls ON Prebid
$68,000,000 Oakville ON Prebid
| CURRENT STORIES |
- VIDEO: Economic Update May 21, 2013
- Future tradespeople put to the test
- Ontario raiding season closes with a thud
- Bird flags challenges in Canadian construction
- Ontario commits to Hwy. 427 expansion
- GO Transit to build new maintenance facility in East Gwillimbury
- Ancient First Nations site damaged during work by BC Hydro
- Federal NDP leader speaks to police 'to help' with Quebec corruption probe
- Construction Site Arson
- Historic church renovation reaches new heights
- Hiring of foreign workers for hospital project outrages union
- Festival of Architecture hits Halifax
- Acetylene torch explosion causes significant damage
- Winnipeg Southwest Transitway wins award
- Vendor performance is key measurement
- NDP leader spoke to police about corruption
- Big contract down under for ATCO Structures
- RFQ issued for Kamloops hospital project
