CMHC contributes to market stability by providing information on potential housing market vulnerability.
The Housing Market Assessment provides evidence of housing market imbalances across Canada. This, in turn, helps market participants to make better-informed housing-related decisions.
This report provides economic and housing market conditions for Canada and 14 Census Metropolitan Areas for the second quarter of 2021.
Highlights from the September 2021 release:
- The Canadian housing market has moved from a moderate to a high degree of vulnerability. The change was prompted by the detection of price acceleration alongside persistent overvaluation imbalances.
- High vulnerability at the national level is largely a reflection of intensified and persistent imbalances in several local housing markets across Ontario and Eastern Canada.
- Montréal's housing market has moved to a high degree of vulnerability due to the detection of overvaluation imbalances. In Vancouver, it has moved to a low degree of vulnerability and in Toronto, it remained at a high degree.
For the full and regional results, download the latest report.
Individual Housing Market Assessments for each region have been discontinued and are now available in the Canada report. For regional information after First Quarter 2020, select the Canada report and use the menu at the beginning of the report to navigate to the region of your choice.
- Author:
- CMHC
- Document Type:
- Date Published:
- September 28, 2021