Sunday, September 25, 2022
ADVT 
National

Prices Easing But Canada’s Housing Market Still 'Highly Vulnerable': CMHC

Darpan News Desk The Canadian Press, 25 Oct, 2018 12:18 PM
  • Prices Easing But Canada’s Housing Market Still 'Highly Vulnerable': CMHC
OTTAWA — Despite an easing in prices, the Canadian housing market remains "highly vulnerable," according to the Canadian Mortgage and Housing Corporation.
 
 
The federal agency says house prices in Toronto, Vancouver, Victoria and Hamilton are getting more in line with housing market fundamentals such as income, mortgage rates and population.
 
 
But there still remains a "high degree of overall vulnerability" in these markets.
 
 
CMHC says there continues to be overbuilding in Edmonton, Calgary, Saskatoon, Winnipeg and Regina.
 
 
Meanwhile, it called Montreal's resale market "close to overheating" as demand outstrips supply.
 
 
The agency made the findings in its quarterly Housing Market Assessment report, which is meant to gauge the stability of the national real estate market.

MORE National ARTICLES

New Democrat MP Sheila Malcolmson Seeks Nod In Nanaimo, B.C., Byelection

NANAIMO, B.C. — Federal New Democrat MP Sheila Malcolmson says she's been pondering her jump to provincial politics in British Columbia since the summer when she was approached by officials in Premier John Horgan's office.

New Democrat MP Sheila Malcolmson Seeks Nod In Nanaimo, B.C., Byelection

Delta Police Search For Suspect Who Threatened A Man With A Gun At Social Gathering

Just after 5:30 pm on October 22 police were called about a man who had threatened another man with a gun at a social gathering in the Delta Rise apartment building, on 80th Ave in North Delta.

Delta Police Search For Suspect Who Threatened A Man With A Gun At Social Gathering

44-Yr-Old Surrey Pedestrian Pedestrian Dies After Being Struck In Delta

The driver of a Dodge Ram that hit a pedestrian stayed on the scene and is fully cooperating with police after a fatal crash Oct. 23, 2018.

44-Yr-Old Surrey Pedestrian Pedestrian Dies After Being Struck In Delta

Trudeau Calls U.S. Mail Bombs 'Disturbing', Monitoring Situation Closely

Trudeau Calls U.S. Mail Bombs 'Disturbing', Monitoring Situation Closely

OTTAWA — Prime Minister Justin Trudeau says Canada is closely monitoring the "deeply concerning" reports on the discovery of multiple mail bombs in the U.S.

Trudeau Calls U.S. Mail Bombs 'Disturbing', Monitoring Situation Closely

Penalty For Cancelling Saudi Arms Contract 'In The Billions': Justin Trudeau

Justin Trudeau says the penalty for cancelling Canada's arms deal with Saudi Arabia could be "in the billions of dollars."

Penalty For Cancelling Saudi Arms Contract 'In The Billions': Justin Trudeau

More Charges Against U.S. Man Accused Of Kidnapping Alberta Model

A South Carolina man accused of kidnapping and sexually assaulting an Alberta woman who was lured to the United States with the promise of a modelling job is facing new charges.

More Charges Against U.S. Man Accused Of Kidnapping Alberta Model

PrevNext