National Housing Market Shows Signs of Moderate Vulnerability, CMHC Says

Author: External Author | | Categories: Commercial Mortgage , Mortgage Broker , Mortgage Renewal , Mortgage Services , Refinance Mortgage , Second Mortgage

At the national level, Canada’s housing market showed “moderate evidence of overvaluation” in the second quarter, according to the Canada Mortgage and Housing Corporation.

“The evidence of rising imbalances in some local housing markets coupled with the general weakening of housing market fundamentals results in a moderate degree of overall vulnerability being maintained for the Canadian housing market,” reads the agency’s Housing Market Assessment (HMA) released this week.

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Original Article Source Credits:   CANADIAN MORTGAGE TRENDS ,

Article Written By:  Steve Huebl

Original Article Posted on:  September 24, 2020

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