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CMHC releases Q3 Housing Market Assessment

Tom Ireland • Aug 02, 2016

CMHC has released a report indicating concerns about the current real estate market in Canada. “For Canada overall, we now detect strong evidence of overvaluation. As a result, our overall assessment has moved from weak to moderate since the last report,” Bob Dugan, CMHC’s chief economist, said. “Moreover, the greater range of evidence of problematic […] The post CMHC releases Q3 Housing Market Assessment appeared first on Andy Schildhorn, PREC.

CMHC has released a report indicating concerns about the current real estate market in Canada.

“For Canada overall, we now detect strong evidence of overvaluation. As a result, our overall assessment has moved from weak to moderate since the last report,” Bob Dugan, CMHC’s chief economist, said. “Moreover, the greater range of evidence of problematic conditions in Vancouver has led us to conclude that there is now strong evidence of problematic conditions in our overall assessment of the Vancouver housing market.”

Read more details on Canadian Real Estate Wealth or see the Crown Corporation’s full report here.

🏡 Discover Fort Langley with Andy Schildhorn! 🌟

By Andy Schildhorn • 17 May, 2024
🌟 Hi there, it's Andy Schildhorn from Macdonald Realty! For over 30 years, I've proudly called Fort Langley my home—where history and vibrant culture blend seamlessly. 🏛️ Explore iconic landmarks like the Community Hall, CN Rail Station, and the Old Fort. 🍽️ Don't miss a visit to Ancestor Café, showcasing indigenous foods. 🎷🎨 Our village buzzes with festivals year-round, including the Jazz and Arts Festival. Enjoy outdoor activities along the Fraser River, scenic trails, and top-notch cycling routes. 🚴‍♀️🌳 🍰🍝 Stroll down Glover Road, our charming main street, with its friendly shop owners and delightful spots like Wendels' Cafe and Giulia's Mangia e Scappa. 🏡🌲 Discover diverse real estate options, from quaint backyards to riverside condos and expansive acreages. 📅 Join our thriving community—click the link below to schedule a chat. 👍🔔 Thanks for watching! Don’t forget to subscribe, and I look forward to hearing from you soon. 📞 778.835.8957 - https://calendly.com/andyschildhorn 🌐 www.AndytheRealtor.com Your Langley and Fraser Valley Realtor.

🌾🍎 Celebrate 102 years of May Day in the Village 📍🌻

By Andy Schildhorn • 15 May, 2024
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🤗 Sometimes we need to smile.

By Andy Schildhorn • 14 May, 2024
📣 "Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." - Albert Schweitzer
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