Canada's housing market moderately vulnerable, CMHC says in first quarterly report since COVID-19 began
Canada Mortgage and Housing Corp. says there was some evidence of overvaluation in Canada's housing market this spring amid the COVID-19 pandemic.
The Crown corporation says in cities such as Victoria, Moncton and Halifax, there was a widening gap between the selling price of houses and the price economists would expect, based on population growth, disposable income, mortgage rates and employment.
Original Article Source Credits: CBC News , https://www.cbc.ca/
Article Written By: The Canadian Press
Original Article Posted on: Sep 21, 2020
Link to Original Article: https://www.cbc.ca/news/business/cmhc-housing-market-1.5732608