The Canada Mortgage and Housing Corporation (CMHC) released on October 24th, 2019 a comprehensive national outlook for 2020.
“Housing starts are projected to stabilize in 2020 and 2021 at levels in line with long-run averages. This follows two years of declines from elevated levels in 2017. Resale activity and house prices are expected to fully recover from recent declines, supported by growth in income and population.”
Bob Dugan- Chief Economist
You can find the full report here.