Housing market no longer considered highly vulnerable after prices ease, CMHC says

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CMHC rates the overall market at moderate now, though some cities, such as Toronto, Vancouver and Hamilton, remain at elevated risk

OTTAWA — The Canada Mortgage and Housing Corp. says it no longer rates the country’s housing market as highly vulnerable after an overall easing of price acceleration.

“Even though moderate evidence of overvaluation continues for Canada as a whole, there has been improved alignment overall between house prices and housing market fundamentals in 2018.” The agency noted that while Vancouver remains rated at highly vulnerable, evidence of overaluation has changed from high to moderate.

 

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