Most Canadian Housing Markets Overvalued, Price Growth to Slow Through 2018: CMHC Reports

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“OTTAWA, October 26, 2016 — Canada Mortgage and Housing Corporation (CMHC) is finding strong evidence of problematic conditions for Canada overall. Home prices have risen ahead of economic fundamentals such as personal disposable income and population growth, resulting in overvaluation in many Canadian housing markets. However, the combination of overvaluation and overbuilding should help slow the growth in resales and house prices and lead to a moderation in the pace of housing starts.”

 

What does this mean to you?  Well it depends on your neighbourhood.  I can certainly help guide you to understand this, but in short, location and type of home impacts how much the market will affect your area.

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