May 6th - 2012

Market Watch: Continued higher house prices predicted

Ontario’s economic prospects for the next three years include moderate growth and continued high unemployment as government spending is cut and businesses expand carefully.

Ontario’s economic prospects for the next three years include moderate growth and continued high unemployment as government spending is cut and businesses expand carefully. That prediction comes from the Ontario Economic Forecast, 2012-2015, recently released by Central 1 Credit Union. House prices will continue to rise, the report predicts, but fears of a bubble are overblown. To view the full report, visit www.central1.com, click on News and Events, News Releases and then scroll down to Ontario Economic Forecast 2012-2015.

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Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246