CMHC: housing market in Canada 'highly vulnerable'
Sunday, October 29, 2017
In a quarterly news release on Thursday, state-owned(CMHC) said 's is highly vulnerable, especially in and in , and in , and in . It also identified a growing concern of overbuilding in and in .
The release said Calgary and Edmonton, the largest and second largest cities in Alberta, have a large inventory of unsold homes. The CMHC expressed concern this may drive down prices of homes in the area.
Vancouver, which is now reportedly less affordable thanin the ; Toronto; Victoria; and Hamilton were all assessed by the CMHC's quarterly report as highly overvaluated.
The housing markets ofin , in Ontario, and in , in , in , and in , were all assessed as low or moderate risk.
- "Housing Market Outlook St. John's CMA" — , October 28, 2017 (date of access)
- CMHC Identifies 5 Canadian Housing Markets As 'Highly Vulnerable'" — , October 27, 2017 . "
- Phil Heidenreich. "'Growing concern' about overbuilding of homes in Edmonton: CMHC" — , October 27, 2017