CMHC: housing market in Canada 'highly vulnerable'

October 29, 2017

In a quarterly news release on Thursday, state-owned (CMHC) said 's  is highly vulnerable, especially in  and  in,  and   in , and  in. It also identified a growing concern of overbuilding in and  in.

The release said Calgary and Edmonton, the largest and second largest cities in Alberta, have a large inventory of unsold homes. The CMHC expressed concern this may drive down prices of homes in the area.

Vancouver, which is now reportedly less affordable than in the ; Toronto; Victoria; and Hamilton were all assessed by the  CMHC's quarterly report  as highly overvaluated.

The housing markets of in,  in  Ontario,  and  in ,  in ,  in , and  in , were all assessed as low or moderate risk.