Strong Existing Home Sales Will Continue in Hamilton and Brantford Through the First Half of 2014

TORONTO, ONTARIO--(Marketwired - Oct. 31, 2013) - According to Canada Mortgage and Housing Corporation's (CMHC) Fall Housing Market Outlook report for the Hamilton and Brantford Census Metropolitan Areas (CMAs), existing home sales will continue strong through the first half of 2014. In the new home markets, residential construction should rebound in 2014 as lower inventories will support higher level of housing starts.

"The steady population increase from net migration has generated more households, which bodes well for the housing markets in both Hamilton and Brantford," said Abdul Kargbo, CMHC Senior Market Analyst for the Hamilton and Brantford CMAs.

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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