Canada’s housing market remains highly vulnerable, yet conditions of overvaluation are slowing overall, notes CMHC’s most recent Housing Market Assessment.

Canada’s overall housing market remains highly vulnerable, mostly due to evidence of overvaluation and price acceleration, finds CMHC.

Despite showing some signs of improvement, Canada Mortgage and Housing Corporation continues to hold the overall rating of the nation’s housing market at “strong evidence of problematic conditions.”

Due to climbing home prices in the GTA, CMHC reports that home prices in surrounding urban centres are also increasing in a spillover effect.

The share of foreign ownership in condominium apartments located in Canada’s major urban centres remains low, according to a new CMHC report.

According to Canada Mortgage and Housing Corporation (CMHC)’s latest Housing Market Assessment (HMA), overvaluation has been detected in nine Census Metropolitan Areas (CMAs), while overbuilding