Housing Market: Canada Mortgage and Housing Corp

Canada Mortgage and Housing Corp: TORONTO - New homebuilding in Canada is expected to regain momentum in the later part of 2013 and into 2014 as employment, economic growth and migration boost demand for housing in a market that had slowed, the Canada Mortgage and Housing Corp said on Tuesday, according to Reuters. Canada's housing market slowed dramatically in mid-2012 after the government tightened mortgage lending rules to head off a housing bubble. It was the fourth such move in five years. But the market has rebounded in recent months and By Andrea Hopkins "So far in 2013, the average monthly growth rates of MLS multiple listing service sales, new listings and prices have all been increasing. This follows a period of average monthly declines that held sway over the second half of 2012," Mathieu Laberge, deputy chief economist for CMHC, said in the federal agency's second-quarter outlook. (www.immigrantscanada.com). As reported in the news.