The Canada Mortgage and Housing Corporation’s (CMHC’s) latest Housing Market Assessment (HMA) found moderate evidence of overvaluation across 15 centres in the Canadian housing market for the first quarter of 2016. Overvaluation was detected in eight centres and overbuilding in seven, making them the two most prevalent problematic conditions.
Canada Mortgage and Housing Corporation (CMHC) announced the country’s housing starts continued to increase last month. CMHC uses a trend measure to complement the monthly seasonally adjusted rates (SAAR) of housing starts to account for big swings in monthly estimates and to collect a better picture of the Canadian housing market as a whole.
Canada Mortgage and Housing Corporation (CMHC) has reported the country’s trend measure of housing starts was 185,586 units in July compared to 184,035 in June. The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
The Canada Mortgage and Housing Corporation (CMHC) released new data for the nation’s housing industry from the second quarter. In its report, “2015 Housing Market Outlook, Canada Edition,” CMHC announced overall housing starts will remain stable through 2015 and moderate in 2016.
The Canadian Mortgage and Housing Corporation (CMHC) announced the national housing start trend for March reached 179,016 units, compared to 180,236 units in February. The trend is a six-month average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
Trending housing starts for June are slightly up from the previous month, according to Canada Mortgage and Housing Corporation (CMHC).
“The trend in housing starts has been stable since March 2014, down from the range of 191,000 to 196,000 seen between September 2013 and February 2014,” said CMHC’s Bob Dugan. “This is in line with CMHC’s analysis indicating the new home construction market in Canada is headed for a soft landing in 2014.”