The annual Manitoba Housing Outlook Conference held this year on February 21 addressed the prairie province's housing market.
Conducted by the Canada Mortgage and Housing Corporation, the event was hosted at the Delta Hotel in Winnipeg and brought in 200 representatives of the housing industry to hear CMHC analysts present information related to the market and other nationwide economic and demographic factors.
"Single-detached housing starts will remain close to 2011 levels with 3,850 starts in 2012 and 3,900 starts in 2013," said Lai Sing Louie, regional economist for the Prairie and Territories Region. "In the multi-family market, builders across the province set a 24-year record with 2,252 starts in 2011 … this elevated activity will continue with 2,300 units in 2012 and 2,350 units in 2013."
Housing stats and mortgage rates fluctuate throughout Canada with a positive economic outlook. Job creation and a lower unemployment rate may increase housing demand in Saskatchewan over the next two years, according to The StarPhoenix. At a recent housing outlook conference in the province, analysts and industry leaders met to discuss the future of the region's housing market.
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