The spring 2013 statistics have been released by the Canada Mortgage & Housing Corporation. 

Market at a Glance:

• MLS sales will drop in 2013 but recover robustly in 2014. The average resale price will show a slight increase in 2013 but grow more firmly in 2014.
• Housing starts, on an annual basis, will decline in 2013 but will grow moderately in 2014.
• Imrpoving economic conditions and continued price gains will stimulate both demand and supply in 2014.
• Growth in total employment will continue to outpace labour force growth resulting in a drop in the unemployment rate in 2014.

Click on link below for more details

Housing Market Outlook - Niagara Edition - Q2 2013