Although overvaluation has eased in Toronto and Victoria, the national housing market remains vulnerable for the tenth quarter in a row, finds CMHC.

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.

According to CMHC’s latest Housing Market Assessment (HMA), national home price growth increased by seven per cent year-over-year at the end of Q3-2016.

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