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Montreal’s housing market continued to show a low degree of vulnerability to instability during the second quarter of 2018, according to a report released by the Canadian Mortgage and Housing Corporation on Thursday.

The crown corporation said the region’s housing showed little evidence of price acceleration, overheating, overvaluation or overbuilding.

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While housing prices continued to rise in Montreal during the second quarter of 2018, increases in disposable income in the region since 2015 and a growing population justified the price levels in the city, the CMHC said.

The price increases were slightly smaller than in the two previous quarters, according to the CMHC. Across the region, the average price of a house increased five per cent from the previous year. However, price changes varied between different parts of the region, with prices on the North Shore declining slightly, while prices in some parts of central Montreal saw a significant increases in prices — as much as 10 per cent in some areas.