Do Housing Forecasts mean anything?

Almost every other week, there is some kind of forecast

by economist, bankers, financiers, realtors, mortgage brokers ………

about the housing market.

The Canada Mortgage and Housing Corp. is forecasting that Ontario's economy will increase the demand for housing.

The lower Canadian dollar is expected to improve Ontario's economy

and help new housing construction and sales.

Also, the low interest rates,

is expected keep the mortgage rates in line to support the housing demand.

Bearing in mind that all markets are local,

the Greater Toronto Area is furthermore,

expected to remain strong due to the population growth in the area.