Demographic changes from aging to immigration flows are helping shape Canada’s housing market of the future, the federal housing agency suggests in its annual report.

A big drop in the number of single family homes built in Canadian cities pushed overall housing starts slightly lower last month.

OTTAWA — The Canadian housing market has flattened out and will likely stay pretty close next year to where it is now in terms of new housing starts and resales, according to Canada Mortgage and Housing Corp..

The Canadian housing market continues to exceed expectations and is now forecast by many experts to remain healthy well into next year despite a slowdown in the overall economy.