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

Darpan News Desk The Canadian Press, 25 Oct, 2018 12:18 PM

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.

Prev Next

MORE National ARTICLES

Wildfires Have Potential To Add Touch Of Smoke To British Columbia Wines

Winemakers can only hope the scent of smoke that's in the air across British Columbia from wildfires won't swirl in the glass once this year's vintages have been bottled.

Wildfires Have Potential To Add Touch Of Smoke To British Columbia Wines

Children, Elderly At Risk As Smoke From Distant Fires Hangs Over Parts Of B.C.

"You can't hold as much air in your lungs, that's the natural part of the aging process, but it means the smoke might have more effect on you than a healthy younger person, especially if you happen to have some chronic disease," Henderson said.

Children, Elderly At Risk As Smoke From Distant Fires Hangs Over Parts Of B.C.

PM To Visit Northern B.C. As Cabinet Holds Retreat Amid Wildfire Crisis

NANAIMO, B.C. — Prime Minister Justin Trudeau and his newly shuffled cabinet gathered Tuesday for a retreat on Vancouver Island, under smoke-filled skies amid a province-wide wildfire emergency.

PM To Visit Northern B.C. As Cabinet Holds Retreat Amid Wildfire Crisis

B.C. Premier John Horgan Says Wildfires Prompted Unprecedented Second State Of Emergency

VANCOUVER — Premier John Horgan says successive B.C. governments have budgeted "laughable" amounts of money to fight wildfires that are becoming all too common through the ravages of climate change.

B.C. Premier John Horgan Says Wildfires Prompted Unprecedented Second State Of Emergency

B.C. Driver Fails Roadside Breath Test After Trying To Park In RCMP Parking Lot

KAMLOOPS, B.C. — A driver who unsuccessfully tried to park his pickup truck at an RCMP detachment in British Columbia won't be parking — or driving — anywhere for the next 90 days.