{"id":13374,"date":"2019-08-19T10:10:52","date_gmt":"2019-08-19T17:10:52","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13374"},"modified":"2019-08-07T17:18:35","modified_gmt":"2019-08-08T00:18:35","slug":"cmhc-metro-vancouver-housing-market-no-longer-vulnerable","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/08\/cmhc-metro-vancouver-housing-market-no-longer-vulnerable\/","title":{"rendered":"CMHC : Metro Vancouver Housing Market No Longer &#8220;Vulnerable&#8221;"},"content":{"rendered":"<p style=\"text-align: justify;\">Metro Vancouver\u2019s housing market has received a \u201cmoderate degree of vulnerability\u201d rating, after three years of \u201chigh degree of vulnerability\u201d ratings, from the Canada Mortgage and Housing Corp. (CMHC).<\/p>\n<p style=\"text-align: justify;\">CMHC\u2019s HMA examines urban real estate markets across Canada, assessing a combination of four key risk factors: overvaluation of house prices in comparison with levels that can be supported by economic fundamentals; overheating, when demand for homes in the region outpaces supply; sustained acceleration in house prices; and overbuilding, when the inventory of available homes exceeds demand.<\/p>\n<p style=\"text-align: justify;\">In its quarterly Housing Market Assessment (HMA), issued August 1 and examining the market in 2019\u2019s second quarter, the federal housing agency said that price acceleration had eased sufficiently to downgrade the Vancouver real estate market\u2019s risk assessment. The only factor that remained at moderate risk was overvaluation of real estate, said the CMHC, while the other three factors were all at low risk.<\/p>\n<p style=\"text-align: justify;\">Eric Bond, senior specialist, Market Analysis at CMHC, said of the Vancouver market, \u201cWhile home price growth over the past few years significantly outpaced levels supported by fundamentals, these imbalances have narrowed through growth in fundamentals and lower home prices in different segments of the resale market.\u201d<\/p>\n<p style=\"text-align: justify;\">However, Greater Victoria \u2013 along with Toronto and Hamilton, Ontario \u2013 remained at high risk, according to the CMHC. Victoria\u2019s market still showed moderate risk of overvaluation, price acceleration and overheating, said the agency, but these are showing signs of easing. \u201cThe decline in price and growth in fundamentals have helped to narrow the average estimate of overvaluation in Victoria,\u201d wrote the report authors.<br \/>\n<a href=\"https:\/\/www.roryc.ca\/blog\/?attachment_id=13375\" rel=\"attachment wp-att-13375\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-13375\" src=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/08\/CMHC-288x101.jpg\" alt=\"\" width=\"605\" height=\"212\" srcset=\"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/08\/CMHC-288x101.jpg 288w, https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/08\/CMHC.jpg 750w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/a><br \/>\nSource : CMHC<\/p>\n<p style=\"text-align: justify;\">Canada\u2019s housing market as a whole was given a \u201cmoderate degree of vulnerability\u201d rating, but the report authors acknowledge that \u201cregional disparities exist.\u201d<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/biv.com\/article\/2019\/08\/metro-vancouver-housing-market-no-longer-vulnerable-victoria-still-risk-cmhc\" target=\"_blank\" rel=\"noopener noreferrer\">CMHC : Metro Vancouver Housing Market No Longer &#8220;Vulnerable&#8221; but Victoria Still at Risk<\/a> by Joannah Connolly | Glacier Media Real Estate | Business in Vancouver<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Metro Vancouver\u2019s housing market has received a \u201cmoderate degree of vulnerability\u201d rating, after three years of \u201chigh degree of vulnerability\u201d ratings, from the Canada Mortgage and Housing Corp. (CMHC). CMHC\u2019s &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/08\/cmhc-metro-vancouver-housing-market-no-longer-vulnerable\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-13374","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CMHC : Metro Vancouver Housing Market No Longer &quot;Vulnerable&quot; &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/08\/cmhc-metro-vancouver-housing-market-no-longer-vulnerable\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CMHC : Metro Vancouver Housing Market No Longer &quot;Vulnerable&quot; &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Metro Vancouver\u2019s housing market has received a \u201cmoderate degree of vulnerability\u201d rating, after three years of \u201chigh degree of vulnerability\u201d ratings, from the Canada Mortgage and Housing Corp. 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