CMHC housing outlook classifies Metro Vancouver as vulnerable to volatility

Metro Vancouver’s real estate market remains classified as highly vulnerable to volatility at the start of 2018 due to an overheating in condo sales in some corners and overvaluation of prices that continue to defy local fundamentals, the Canada Mortgage and Housing Corp. said Tuesday.
That was the conclusion of CMHC’s first-quarter housing market analysis that found conditions in Metro Vancouver have remained in a precarious position for the last six quarters.
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