Wednesday, October 26, 2016

CMHC to issue first-ever ‘red’ warning for Canadian housing market: What that means for you

Canadian Mortgage and Housing Corporation CEO Evan Siddall said in an op-ed in the Globe and Mail this week that for the first time ever, the federal agency will be issuing a “red” level warning for the entire Canadian housing market.

The announcement will come in CMHC’s quarterly Housing Market Assessment on Oct. 26.

According to CMHC, a “red” warning indicates evidence of problematic conditions in the housing market. To assess the risk, the agency looks at four things:

Overheating of demand, where sales outpace new listings
-Acceleration of house prices
-Overvaluation in house prices, where prices are not fully supported by income, mortgage rates and population
-Overbuilding

These factors have to be strong in order for a high-risk warning to be issued.

But according to TD economist Diana Petramala, home owners shouldn’t be too worried yet about a housing crash.

“It’s very odd to be coming out with a red reading now that the economy is doing well and market activity has slowed,” she said.

http://globalnews.ca/news/3018605/cmhc-to-issue-first-ever-red-warning-for-canadian-housing-market-what-that-means-for-you/

6 comments:

  1. If you had financial problems, then it is time for you to smile. You only need to contact Mr. Benjamin  with the amount you wish to borrow and the payment period that suits you and you will have your loan in less than 48 hours. I just benefited for the sixth time a loan of 700 thousand dollars for a period of 180 months with the possibility of paying before the expiration date. Make contact with him and you will see that he is a very honest man with a good heart.His email is lfdsloans@lemeridianfds.com and his WhatApp phone number is + 1-989-394-3740 

    ReplyDelete
  2. GKG Homes is a premier property management service located in Long Beach California. If you're in need of property management services please contact our team for more information.



    Address: 1801 Elmfield Ave Long Beach, California, 90815

    Phone: 1-954-608-6582

    business email: Propertyk123@gmail.com

    Website: https://www.propertymanagementlongbeachca.com/

    ReplyDelete
  3. Skokie auto repairs provides affordable and quality auto repair services to residents in the Skokie and surrounding areas.
    QUALITY AUTO REPAIR SERVICE
    Our Skokie team understands that a healthy car is a happy car, and it's for that reason that our team always provides top-notch quality auto repair services.

    AFFORDABLE REPAIR SERVICES
    We understand that car breakdowns tend to happen on your worst days, and we want to make sure that you can bounce back. That is why our Skokie team offers affordable car repair services.

    QUICK & EASY CAR REPAIR SERVICES
    Our auto repair team is filled with experts in the industry who not only provide quality service, but also fast services to get you in and out with all of your auto repair needs.

    Phone: 1-773-900-8874
    Website: https://skokieautorepairs.com/

    ReplyDelete
  4. Inhouse Offer is the area’s premier real estate solutions company, and since our inception we have helped homeowners and improved communities in each and every city we work in.

    Through our extensive knowledge of the business, network of resources, and years of expertise, we are able to assist homeowners with a wide variety of real estate problems. We pride ourselves on our reputation for working one-on-one with each customer to handle their individual situations.

    With the ability to directly purchase homes and make cash offers, we can create an extremely fast, and hassle-free transaction. Our mission is to rejuvenate neighborhoods and increase the standard of living by improving the overall quality of housing for the residents. Call us today and let’s see how we can work together!

    We not only purchase property but we also sell homes, many of which are completely renovated and in move-in condition. Whether you are dreaming of becoming a first time home buyer or looking to upgrade your current home, we can help. If we don’t have a home to sell directly to you, we can connect you with a licensed agent who can help you find your dream home!
      
    Phone: (951) 382-5130    

    Website: https://inhouseoffer.com/ 

    ReplyDelete
  5. Miami quality auto repairs brings you some of the best auto body repairs in the industry at some of the most affordable prices. If you're in need of auto body repairs give our Miami team a call today!


    Address:3705 NW 50th St,Miami ,Florida ,33142,United States

    Phone:(786) 460-2920

    Website: https://miamiqualityautorepairs.com/

    ReplyDelete
  6. I read your article, very informative and userinformatic info are mentioned. For Mortgages In Dubai also a Mortgages In Dubai. Keepit up bro to share more article like that. Thanks for sharing this ones.

    ReplyDelete