The Canada Mortgage and Housing Corporation gives Victoria the only perfect grade in an assessment of real-estate activity between August and October of this year. Citified.ca.
Victoria has achieved the only perfect score in a Canada Mortgage and Housing Corporation (CMHC) assessment of 15 Canadian real-estate markets.
The assessed period covers August through October and describes Victoria's housing supply and demand ratio as evenly balanced with no concerns regarding upwards price pressures or overbuilding.
Vancouver and Edmonton both shared second place with the sole concern (albeit mild) over the two month period relating to home prices not fully supported by "fundamental drivers such as income, mortgage rates and population."
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| A chart released by CHMC describing real-estate assessments of 15 markets throughout Canada. CMHC. |
The regions of most concern include Saskatoon, Regina, Winnipeg and Toronto where overvaluation and overbuilding could pose problems for the local market.
On a national level the CMHC raises the one issue of overvaluation, however, the overall outlook is not overly concerning. C
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