Wednesday, May 16, 2007

Housing Market Outlook - 2007 Second Quarter

CMHC has just released its 2007 Second Quarter Housing Market Outlook. Some of the things they are forecasting is a market correction in the housing market in 2007/8. But don't call it a crash please. They like to call it a soft landing. Maybe they read my notes from Benjamin Tal's talk? Maybe. The following are factors that they/me/Benjamin predict will impact the housing market which will result in a 'soft landing':
  • Strong Canadian economic growth
  • Strong Immigration
  • Strong Canadian dollar and modest GDP growth
  • Job growth
  • Consumer confidence

So there you have it. Everything seems nice! To read the report for yourslef please click on the following link:

http://www.cmhc-schl.gc.ca/odpub/esub/61500/61500_2007_Q02.pdf

That's all for now!

Karim Kanji
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Thanks for stopping by my little piece of digital real estate. This blog has undergone a variety of changes over the months and years. We started by highlighting inspirational people and stories. I've also been known to write about books and events I've attended. 2010 will be the beginning of a new era at KarimKanji.com. Our goal in 2010, and for the foreseeable future will be to offer helpful tips. Whether it be on how to properly market your product or company, use social media tools or how to be a cooler dad, this blog will aim to be, above all things, helpful. I hope you enjoy! kk