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CMHC releases Q3 Housing Market Assessment

Tom Ireland • August 2, 2016

CMHC has released a report indicating concerns about the current real estate market in Canada. “For Canada overall, we now detect strong evidence of overvaluation. As a result, our overall assessment has moved from weak to moderate since the last report,” Bob Dugan, CMHC’s chief economist, said. “Moreover, the greater range of evidence of problematic […] The post CMHC releases Q3 Housing Market Assessment appeared first on Andy Schildhorn, PREC.

CMHC has released a report indicating concerns about the current real estate market in Canada.

“For Canada overall, we now detect strong evidence of overvaluation. As a result, our overall assessment has moved from weak to moderate since the last report,” Bob Dugan, CMHC’s chief economist, said. “Moreover, the greater range of evidence of problematic conditions in Vancouver has led us to conclude that there is now strong evidence of problematic conditions in our overall assessment of the Vancouver housing market.”

Read more details on Canadian Real Estate Wealth or see the Crown Corporation’s full report here.

The post CMHC releases Q3 Housing Market Assessment appeared first on Andy Schildhorn, PREC.

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