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CMHC sounds overvaluation alarm

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Real Estate Professional | 27 Apr 2016, 12:27 PM Agree 0
Several major markets are overvalued and many more are being overbuilt, according to the Canada Mortgage and Housing Agency
  • Wafa Masri | 27 Apr 2016, 01:52 PM Agree 0
    I wish there was a way to share this story with our clients without all the advertising. Your reports are always on point
  • Neil Hamilton | 27 Apr 2016, 02:39 PM Agree 0
    Robyn seems to contradict herself on Vancouver, but it doesn't matter anyway, as our high prices/low inventory situation will simply continue on...
  • PEI Linda | 27 Apr 2016, 03:34 PM Agree 0
    Would it be possible to ever include Charlottetown, Prince Edward Island in your reports. We may be small but we are a capitol city.
  • Dolnald | 27 Apr 2016, 06:21 PM Agree 0
    It seems economic fundamentals will not apply until the "Elephant in the room is politically addressed" . CMHC trying to fire a shot across the pulic bow is nothing but an exercise in futility.
  • Mike | 01 May 2016, 02:40 PM Agree 0
    Interesting that CMHC thinks the market overvalued. What would the have to say to the many buyers that stood back from buying 4 months ago when CMHC issued a similar statement ?
    Now those who waited for a correction face paying even more for housing !
    No matter what the market price is there is always someone saying it's overvalued
    The first house I sold in 1986 was $55,000. Everyone thought it was overpriced !!
    Now that same house would sell in this market for $520,000
    It was the best investment the buyer could have made.
    I think it would be better if CMHC mentioned the what are good investments in a given market rather than state the obvious.
    We all know the prices are high.
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