OTTAWA - The Canada Mortgage and Housing Corp. says it no longer rates the country’s housing market as highly vulnerable after an overall easing of price acceleration. The federal agency said in a report Thursday that it rates the overall market at moderate after 10 consecutive quarters at the highly vulnerable rating, though some cities remain at elevated risk. The Canada Mortgage and Housing Corp. says it no longer rates the country's house market as highly vulnerable after an overall easing of price acceleration. ( Darryl Dyck / THE CANADIAN PRESS )“The state of the national housing market has improved to moderate vulnerability,” CMHC chief economist Bob Dugann said in a statement. The agency noted that while Vancouver remains rated at highly vulnerable, evidence of overvaluation has changed from high to moderate.

Source: thestar May 02, 2019 15:45 UTC