The Canada Mortgage and Housing Corporation's (CMHC) Housing Market Assessment (HMA) has said that More than two-thirds of housing markets in Canada's major cities are now overvalued. The HMA shows strong evidence of problematic conditions in Toronto, Winnipeg, Saskatoon, and Regina. Chief Economist, Bob Dugan said, “problematic overvaluation conditions in local housing markets could be resolved by moderation in house prices and/or improving economic conditions.”
The Canada Mortgage and Housing Corporation's (CMHC) Housing Market Assessment (HMA) has said that more than two-thirds of housing markets in Canada's major cities are now overvalued. The HMA shows strong evidence of problematic conditions in Toronto, Winnipeg, Saskatoon, and Regina. Chief Economist, Bob Dugan said, “problematic overvaluation conditions in local housing markets could be resolved by moderation in house prices and/or improving economic conditions.”