March home sales and new listings set records in Metro Vancouver VANCOUVER, BC –…
Vancouver’s real estate market is “showing a high degree of vulnerability” – for the seventh quarter running, according to Canada Mortgage and Housing Corporation’s (CMHC) latest quarterly report (listen here to our talk with CHMC Chief Economist Bob Dugan).
The January 2018 Housing Market Analysis, issued January 30 and assessing activity in 2017’s third quarter, found that the Vancouver Census Metropolitan Area’s housing market “continues to be rated as having a high degree of vulnerability.”
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The report continued, “CMHC’s valuation models continue to signal strong evidence of overvaluation as [Vancouver’s] house prices exceed fundamentals [such as local income and economic growth].”