Housing market to cool?

Canadian housing markets should cool down some this year and next with softer sales, construction and price growth from coast to coast.
But an expected cut in interest rates by the Bank of Canada will likely soften the blow, says a forecast from TD Economics.
The latest data show the market has already started to cool. In Toronto, home sales have fallen for three straight months this year. The low figures could be distorted due to poor weather conditions and the land transfer tax, the report said.
“As a result, a rebound in the spring may be in the cards, but then a renewed moderation should unfold.”