January 22nd - 2015

Modest overvaluation of housing prices: CMHC

A modest amount of overvaluation was observed by the Canada Mortgage and Housing Corporation (CMHC), meaning that house prices in the country are slightly higher than what underlying factors suggest they should be.

CMHC

A modest amount of overvaluation was observed by the Canada Mortgage and Housing Corporation (CMHC), meaning that house prices in the country are slightly higher than what underlying factors suggest they should be.

CMHCA modest amount of overvaluation was observed by the Canada Mortgage and Housing Corporation (CMHC), meaning that house prices in the country are slightly higher than what underlying factors suggest they should be. That was a finding in the recently-released House Price Analysis and Assessment (HPAA) framework. Although the report finds housing markets in Canada to be consistent with demographic and economic factors such as employment and interest rates, Toronto, Calgary and Halifax are assessed at a moderate risk of overvaluation. See the full release at www.cmhc.ca and click on Newsroom.

Share this item

Condominium living means following rules Buyers’ regrets reported: RECO

For more information contact

Ontario Real Estate Association

Jean-Adrien Delicano

Manager, Media Relations

JeanAdrienD@orea.com

416-445-9910 ext. 246