Market Reports

Market Reports
Canadian Housing Observer 2013

The Canadian Housing Observer presents a detailed annual review of housing conditions and trends in Canada and of the key factors behind them. The document examines the state of Canada's housing from a variety of perspectives, combining national coverage with provincial/territorial and metropolitan detail. The report discusses influences on housing demand, current market developments, housing finance, housing affordability, and sustainable housing and communities.

CMHC Rental Market Report Alberta Fall 2013

The Report identifies that the apartment vacancy rate in Alberta’s urban centres was 1.6 per cent in October 2013, down from 2.0 per cent in the previous year. Of the 17 markets surveyed, vacancy rates declined in most centres from October 2012 to October 2013. Employment growth and an influx of migrants were the primary contributors to the decline in vacancies.

CMHC Housing Outlook Edmonton Fall 2013

Demand for new homes in the Edmonton Census Metropolitan Area (CMA) has increased in 2013. Edmonton’s resale market was balanced in the first eight months of 2013. By the end of 2014, mortgage rates are forecast to be somewhat higher than in the third quarter of 2013. With an expanding labour market and high in-migration, rental demand in Edmonton is strong. The vacancy rate in Edmonton is expected to decline to 1.0 per cent in October 2013, down from 1.7 per cent in the same period a year previous. In 2014, lower migration and added supply of rental apartments should relieve some pressure in the rental market.