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CMHC sounds overvaluation alarm

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Canadian Realestate Magazine | 27 Apr 2016, 12:28 PM Agree 0
Several major markets are overvalued and many more are being overbuilt, according to the Canada Mortgage and Housing Agency
  • | 27 Apr 2016, 05:16 PM Agree 0
    Tell us something we don't know Justin. All real estate is way over valued. By minimum 20% and in reality even much higher. We all know the reason why also. There is a disaster in the making. As time will prove.

    John Martin
  • John Stevenson | 28 Apr 2016, 01:19 PM Agree 0
    The breakdown of this article doesn't make sense.
    With Toronto having a low supply of inventory, and constantly growing domestic migration into the GTA and surrounding area; How can Vancouver be in a better position than Toronto?
    You say in your first line about Vancouver: “We see strong evidence of overvaluation in Vancouver’s housing market."
    Yet Vancouver is placed under the heading (Markets with moderate evidence of problematic conditions).
    The article is incorrect and flawed in context, and obvious that all fundamentals are not taken into consideration to make the proper judgement on all these markets.
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