January 2018

Found 2 blog entries for January 2018.

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. 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.” 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].”

Vancouver's real estate market

News originally retrieved from Vancouver Courier
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Canadian real estate prices were the fastest rising in the world just a few months ago. Now we're claiming the opposite title, as the market explores where prices should be. Newly released Federal Reserve Bank of Dallas (Dallas Fed) numbers show a decline in home prices for the third quarter of 2017. This is the first time in over five years that Canadian real estate prices have declined for a quarter. Despite the quarterly decline, prices still remain significantly higher than the year before.

Canadian Real Estate

Original news retrieved from Huffpost

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