It says improved economic and demographic fundamentals will be tempered by a combination of a modest and gradual increase in mortgage rates and a slowdown in demand from first-time buyers.
The corporation's first-quarter housing outlook estimates about 187,300 housing starts in 2014, with a range of between 176,600 and 199,800 units on an annual basis.
That's relatively unchanged from 187,923 units in 2013.
In 2015, CMHC estimates about 184,900 units, with a range from 163,200 to 206,600 units.
The outlook says sales through the
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