CMHC sees housing starts falling in 2013

The Canada Mortgage and Housing Corporation predicts lower demand will lead to a slowing in housing starts this year compared with 2012, with average prices to be little changed.

In its first-quarter forecast released Friday, the national housing agency’s mid-point prediction for starts is 190,300, which would be down 11 per cent from 2012’s 214,827.

Read more: