Canadian housing markets are highly vulnerable and at risk of being hit by overbuilding, overvaluation and too-quick price appreciation, the national housing agency said Thursday. The Canada Mortgage and Housing Corporation singled out housing markets in Toronto, Hamilton, Vancouver, Victoria and Saskatoon for being "highly vulnerable" for a combination of factors. Four times a year, the national housing agency looks at housing in the 15 largest markets in the country, and judges them on four criteria:Overheating: Sales significantly outpace new listings. The five cities above received red warnings overall, and are collectively large enough that the national housing market also got a red flag. The national housing market as a whole also received a red flag.

Source: CBC News October 26, 2017 17:17 UTC