Uncertainty in Ontario's Real Estate Market Provide Poor Predictions

As the housing markets slowly regains it's strength, uncertainty in resale homes and new constructions are providing poor predictions of future housing trends.  Although the predictions are weak to say the least, here are a few provided by CMHC.  

- Current home sales suggest that Ontario will be hard pressed last springs 2011 activity.  Predictions are that they will grow modestly. 

- The Ontario econonomy is lagging in comparison to other provinces and is expected to do so going into 2012.  

- Demand for rental ownership and rental housing is strong and is expected to stay strong into 2012. 

- The average value of a home is expected to grow modestly with inflation.  

For a more detailed look of thes predictions check out the following link.