Despite decelerating home prices, Canada’s housing market is still considered “highly vulnerable” according to a recent Housing Market Assessment (HMA) by Canada Mortgage and Housing Corporation (CMHC). The HMA, which measures four main factors that contribute to housing market volatility (overheating, price acceleration, overvaluation, and overbuilding), has continued to indicate a high degree of vulnerability […]
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Canada’s Population Is Growing: What This Means For The Housing Market
Canada’s population is exceeding major growth milestones fast. According to a recent analysis released last week by Bank of Montreal (BMO) economists Doug Porter and Robert Kavcic, Canada’s population has surpassed the 37 million mark, in just the second quarter of this year. This growth has been the fastest the country has seen since 1991 […]