CMHC: HAMILTON JOINS LIST OF OVERVALUED HOUSING MARKETS

Jul 27, 2016

By Bob Komsic

Share on
Canada Mortgage and Housing Corporation’s adding Hamilton to its growing list of overvalued real estate markets.
TO real estate
In its just released quarterly assessment, the federal agency says Hamilton’s joined Toronto, Vancouver, Quebec City and Saskatoon as cities whose markets are considered strongly overvalued.
CMHC says the evidence of overvaluation in Hamilton has gone from moderate in its April report to strong now.
The situation in Toronto remains unchanged with strong evidence of problematic conditions driven by overvaluation and price acceleration.
CMHC says there’s strong evidence of overvaluation for Canada as a whole.
It defines overvaluation when prices are higher than they should be based on economic fundamentals.
Join Our Fan Club
Coverage Area
Downtown Toronto
96.7FM
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
AM740
ZoomerRadio Logo

Recently Played: