Each month, homebuilders receive a two-page Canadian Housing Industry Economic Update authored by Dr. Peter Andersen, consulting economist to the Canadian Home Builders’ Association. This internal newsletter tells it like it is, for better or worse. This month, the news was all for the better.
Speaking directly to homebuilders, Andersen writes, “we remain positive for the housing market outlook in Canada. Mortgage interest rates are not going up sharply anytime soon and the next recession is unlikely until mid-decade at the earliest.”
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