Concord cityplace condo . House prices continue to rise in Toronto. Analysis refers to the high degree of fragility of the market. The Canadian Mortgage and Housing Corporation (CMHC) reported that property prices in Canada continued to rise.Please Visit: Concord cityplace condo to Get Your VVIP Registration Today!
It has exceeded the recovery rate of basic factors such as labor income, reflecting that the national property market is still moderately vulnerable, which will be more obvious in both big cities and smaller ones. Toronto and Ottawa changed from moderate to highly vulnerable, while Vancouver remained moderate.
The company released its latest housing market assessment report on Thursday, based on basic data from the national market from the fourth quarter of last year to February this year, as well as detailed results from 15 census metropolitan areas.
Bob Dugan, the chief economic analyst, said the epidemic continued to affect the country’s property market in the fourth quarter, and the imbalance continued to worsen in an already fragile market.
He says worrying imbalances include showing that the housing market in the metropolitan area of the census is overheating, prices are rising and the number of overestimates is increasing. Sales in the national property market continued to grow in the fourth quarter, while the number of new buildings remained small.
According to the report, the property markets in Toronto and Ottawa have changed from moderate to highly fragile, with the former soaring prices and the latter being overvalued, prompting ratings changes. While Hampton in the last housing market assessment report has been listed as highly vulnerable, the three Ontario census metropolitan areas have become the highest vulnerable housing market.
Vancouver on the west bank remains moderately vulnerable, but quarterly sales have returned to their highest level since 2017, leading to a sharp rise in prices. In addition, in the context of the epidemic and the high vacancy rate of new rental units, rental demand is under tremendous downward pressure, which shows signs of a moderate inventory glut.
The overall fragility of the property market in Mandike remains moderately fragile, but record quarterly sales have led to a sharp rise in property prices in the city, suggesting that close monitoring is needed to avoid overvalued imbalances.
As a result of growing evidence that the property market in Halifax has now been rated as highly vulnerable in the face of an overheated economy and rising prices, the property market there has maintained a high degree of vulnerability while continuing to be overvalued.
In addition, Calgary is currently rated as overstocked, while Edmonton ranges from undervalued to moderately overvalued. Overall, the housing market in the metropolitan area, which is located in the Asian province, is moderately vulnerable.
As for Victoria, the property market remains moderately fragile, while Saskatoon, Lejana, Winnipeg, Quebec and St. John’s show low vulnerability as a whole.