Canada Mortgage and Housing Corporation

Canada Mortgage and Housing Corporation

June 25, 2013 08:15 ET

Barrie Housing Market

TORONTO, ONTARIO--(Marketwired - June 25, 2013) - According to Canada Mortgage and Housing Corporation (CMHC) Spring Housing Market Outlook report for the Barrie CMA, demand for resale homes will moderate in 2013 due to low inventory, but the market will pick up in 2014. In new home market, starts will remain strong for this year and next supported by increases in single-detached home starts in the town of Innisfil and high-density housing construction in the City of Barrie. Resale home prices will grow strongly in 2013 and stabilize in 2014.

"Positive economic conditions in Barrie and the housing price differential compared to Greater Toronto Area will keep housing demand in the Barrie CMA strong in 2013 and 2014, but low inventory will limit sales," said Abdellah Massaoudi, CMHC Market Analyst for the Barrie area. "Limited supply combined with positive employment and migration conditions will support new home construction."

As Canada's national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

For more information, visit www.cmhc.ca or call 1-800-668-2642. CMHC Market Analysis standard reports are also available free for download at CMHC Housing Market Information.

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