Close X
Thursday, December 12, 2024
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

Maxime Bernier Contacted 'Key People' Before Announcing New Party, Source Says

Maxime Bernier Contacted 'Key People' Before Announcing New Party, Source Says
Quebec MP Maxime Bernierhad already hit the ground running before Thursday's bombshell announcement that he would quit the Conservatives and launch his own party, a source close to the controversial MP says.  

Maxime Bernier Contacted 'Key People' Before Announcing New Party, Source Says

Hamilton Cop Being Investigated In 'Good Samaritan' Death, Watchdog Agency Says

Hamilton Cop Being Investigated In 'Good Samaritan' Death, Watchdog Agency Says
MISSISSAUGA, Ont. — Ontario's police watchdog says it's investigating a Hamilton police officer in relation to the fatal shooting last year of a young man hailed as a Good Samaritan.

Hamilton Cop Being Investigated In 'Good Samaritan' Death, Watchdog Agency Says

Bernier Or Bust: Mad Max's Path To A New Political Party Not All That Twisty

Bernier Or Bust: Mad Max's Path To A New Political Party Not All That Twisty
Maxime Bernier showed the country Thursday why his self-assigned nickname "Mad Max" is more than just a little apt.

Bernier Or Bust: Mad Max's Path To A New Political Party Not All That Twisty

Liberals Cautious About Potential Electoral Impact Of Bernier Bombshell

Conservatives, from leader Andrew Scheer on down, are predicting that Maxime Bernier's decision to quit their party and start his own will end up helping Justin Trudeau's Liberals win re-election next year.

Liberals Cautious About Potential Electoral Impact Of Bernier Bombshell

Indo-Canadian Businessman Gets $1.2 Million In Compensation For Fake News Article In Vancouver

Indo-Canadian Businessman Gets $1.2 Million In Compensation For Fake News Article In Vancouver
Vancouver-based Altaf Nazerali had sued Patrick Byrne, CEO of online retailer Overstock.com, for a campaign of lies aimed to tarnish the reputation of the NRI businessman. 

Indo-Canadian Businessman Gets $1.2 Million In Compensation For Fake News Article In Vancouver

WATCH: Sgt Jag Khosa Shares His Experience Of Winning The Community Crusader Award

WATCH: Sgt Jag Khosa Shares His Experience Of Winning The Community Crusader Award
Sgt Jag khosa shares his experience of winning the Community Crusader Award at the 2017 Darpan Awards and briefs about his work as the gang intervention officer at @Combined Forces Special Enforcement Unit

WATCH: Sgt Jag Khosa Shares His Experience Of Winning The Community Crusader Award