Housing market expected to slow in coming years

OTTAWA — After strengthened activity in 2016 and 2017, housing starts in this country have been slowing through 2018. And that trend is forecast to continue into 2020, according to the latest housing report from CMHC. The report indicates that housing starts will slow down gradually over 2018 to 2020, moderating from the 10-year high recorded in 2017. The slowdown will be “more in line with a moderating economic outlook and demographic conditions,” particularly as income and job growth slow, the report says.