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----- - .- la cm=.voe tgigv pddojo, A qudicc-9nin M houinq m, The effects of changes to mortgage insurance rules are usually tempofary, and tend ta lait up ta thîse quai-tors. With thot soid, we con now soe thot the housing market is srarting t0 pick up. As a whole, the mar-ket romains Weil bolanced, with borne sales remaining ot a level that is steady with demograplucs and income growth. Canadian bousing mairket sales and prices ore growing ai more sustainable levels. This housing activity momentiém i expected to eventuully b. w.ok.ned by offordability, whbich could leod to lower homebuilding octivity in the corning quarlers. The overbuilding that has taken place over the. ast decade could l.ad ta new homo construction folling be(ow demograph.c need. This will holp to prevont furober ovrbuilding und moy resuit in a quick correction in ffi. housing market. CaooWs sowing bou*qn0mark.. .xpscmsd teIo hac Canada's economic oullook is set for a suhpar grow$h rote increase tbis y.ar Following the 2012 economnic skwdown. Atbough the global economny wiIl improve, there ore sfifl limits on the occeleration of growfb in Canada. Soin. of thoe conhtraints are due to the curnt financial imbolances in the liouséhoW d iofa. Overait, Canadian net worth has risen substantiall since the economk downturn and Canadian homeowners bave survived the ightening of lending regulations introduced by the Gavemnment in 2012. Fortunasely, the consensus For the Canadian .conomny oxpects a growth od 2.2 % on average over tM nexi 5 yeors. U .S. conoond rowam ar.uu.n âi j. ouo The. US. economy i forecasied ta grow by 2% in 2013 and above ibis rate next y.or. Fiscal drag <is expected to slowdown economic growth in 2013 and sornewtat leis in 2014. As significant uncertainy about future budget options remain in the picture, thfe remnais o downside risk on the U.S. economic ouIloo&. There is greatr economic growth for.casted betwe.n 2015 and 2017, whch wîlfbe led by spenngon durabl goods, resdential construction and business inveshtmTent b increased pace of growth wili alow the unemplaymenî raom to decreos considuabýy by 2017. Looking abeod, M l ong-ermgrcwlbre ci the U.S. economy wilt mainly b. doe'miimd by kdour farce growih aCM productivity. John Cavan ts an ApproWdMorugqPlanner with MoftggseArchiteas. Mor«««qequesfim n ~d conommscan b. direWi >John Cavant office, locutfl Marin St. MiIron. John can b. raichwlby phone. 905-878-7213 or by, email: john.cam~n*rntgarc.ca. John Cavani; toebite is _qitvemotgage.ca. Contact John roday about jyour sawmw moregqe p>fluies "SINGLE FAMLYHOM oN 30 1, 40', 50 & 551 LOTS " i STARTING IFROM 111E 0 90<~ on main Pcor b llècluic 0 MinueskHesk>sfloic D(»**wn Fegus * Ln ccqid mmufat"~ *AI UTMs60k» eCwe mvBd F MWpw ss*Analoed gwogmon cd mai «0 on -.nlS oenqn od" DmUnM a anp m amu tm cin &MeUrot* 1aoe7500W#i ppreba tgU 1di y Mon, flivrThu., Fr1i. se. & Sun. Tue..Wd. 1-7pm 12-5pml CLOSED