The federal housing company attributed the escalation in vulnerability to cost acceleration and overvaluations throughout the nation.
CMHC says the excessive vulnerability is essentially a mirrored image of intensified and protracted imbalances in a number of native housing markets throughout Ontario and japanese Canada.
CMHC says Toronto, Hamilton, Ottawa, Montreal, Moncton and Halifax all have excessive levels of vulnerability.
Canadian housing costs hit report 12-month excessive in June.
Victoria, Edmonton and Calgary are rated as having a reasonable diploma of vulnerability.
Vancouver, Saskatoon, Regina, Winnipeg and Quebec have low levels of vulnerability.
© 2021 The Canadian Press
https://globalnews.ca/information/8226767/canadian-real-estate-highly-vulnerable-price-overvaluations-cmhc/ | Canadian actual property extremely susceptible thanks to cost hikes, overvaluations: CMHC – Nationwide