Toronto and Vancouver may generally grab the headlines for being red-hot housing markets but they are not the main concern of the Canada Mortgage and Housing Corporation.
Toronto and Vancouver may generally grab the headlines for being red-hot housing markets but they are not the main concern of the Canada Mortgage and Housing Corporation. In its latest assessment of house prices and the housing market the agency said that Winnipeg and Regina are the markets deemed at high risk of a correction. Overvaluation and overbuilding is an issue in both cities CMHC said with condo building the concern in Winnipeg; Regina additionally has accelerating prices. Despite high prices and demand, Vancouver is deemed low risk due to rising population and increasing incomes. Toronto is a moderate risk.
