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 […]
City
Toronto Housing Market 3rd Most Expensive in North America
We all know that Toronto’s housing market is rated one of the most expensive in Canada, however, according to a recent study, it’s now the third most expensive in North America. A study led by a professor at Simon Fraser University revealed Toronto’s market is not far behind from Vancouver (which ranked first on the […]