The boulevard condo thornhill . Overall prices are slowing down. The national property market has moderated. The latest housing market assessment report released by the Canadian Mortgage and Housing Corporation (CMHC) points out that after 10 consecutive quarters, the overall Canadian property market has become moderate, and this improvement is due to the overall price slowdown.Please Visit: The boulevard condo thornhill to Get Your VVIP Registration Today!
The report assesses the property market across the country based on data as of December last year (the annual vacancy rate of rental apartments began in October 2018), summarizing the situation in 15 metropolitan areas of the census.
Although house prices in Vancouver, Victoria, Toronto and Hamilton continue to be close to the basic levels supported by the housing market, such as population, personal disposable income and interest rates, they are still seen in the overall assessment, showing a high degree of vulnerability.
Among them, Vancouver property prices have adjusted from high to medium level, the situation of overheating has changed, house prices have increased significantly higher than income in the past few years, and these imbalances are receding due to sustained economic growth and low resale house prices. Excessively high property prices in Toronto also continue to decline, and property prices are closer to the market level. The market was quiet in the first quarter of this year, the sales and release ratios remained balanced, and the prices of multiple computer release systems continued to decline.
The property markets of Edmonton, Calgary, Saskatoon, Lizena and Winnipeg remain moderately vulnerable, but these areas continue to be overbuilt. The rental market in Edmonton is tight, and the imbalance between supply and demand for home ownership has intensified. As of February this year, 61% of the stock of detached and semi-detached houses in Asia’s seven largest property markets were concentrated in Edmonton.
As for Ottawa, Manchuria, Quebec City, Moncton, Halifax and St. Johns, low levels of vulnerability were maintained.
Among them, the second-hand property market in Mandike and Monton is obviously overheated, mainly due to the contraction of supply and demand. The latter’s population growth last year was three times the province’s average, and property sales hit a record high. While demand remained strong, the number of new offerings hit an all-time low.
The report takes into account four factors: overheating of the property market, price increases, excessive prices and over-construction, each of which has its own testing framework. Among them, overheating and price increase have their own independent indicators, and the color is driven by green and yellow. The whole assessment reflects the degree of imbalance in green, yellow and red.
In addition, the report takes into account population distribution, personal disposable income and interest rates to calculate the fragility of the property market in each of the 2019 districts. At the same time, reference to the second-hand property market and residential construction and other recent building development.