Canada’s housing markets still show evidence of overvaluation, the federal housing agency said last week, but it tempered the warning with a forecast for slower starts, sales and price acceleration in 2018 and 2019.
The Canada Mortgage and Housing Corp said that although the market in Toronto, Canada’s largest city, had cooled recently, it remained overvalued. Vancouver shows evidence of overvaluation and accelerating prices, the agency said.
The agency, which is also responsible…
Source : South China Morning Post
Read more…Overvalued Canada housing market is seen to cool down, says agency
