About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Tuesday, October 18, 2016

CMHC to give Canadian housing market a ‘red card’ warning

Canada’s housing market is in danger of a national affordability crisis and will be given a ‘red card’ warning by the CMHC.

In its forthcoming Housing Market Assessment, the corporation will say that as escalating prices spread from Vancouver and Toronto, there is concern that rising household debts and high home prices could pose an economic risk.

Get news stories like this straight to your inbox with our FREE newsletter

"The conditions we now observe in Canada concern us," CMHC chief executive Evan Siddall wrote in a column for the Globe and Mail.

Victoria, Ottawa, Moncton, Halifax and St. John's are exceptions to the rule with “weak expectation of problematic conditions” but Vancouver, Toronto, Calgary, Saskatoon and Regina are all considered at strong risk of problems.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)