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Soaring housing costs driving prices up in surrounding markets

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Soaring housing costs driving prices up in surrounding markets

Date: 06/13/2017 | Source: http://vancouversun.com

(Vancouver Sun) Strong evidence of problematic conditions persists in Canadian real estate market: CMHC - Vancouver.  Accelerating prices continue to spill out from Canada’s two most expensive cities to their surrounding areas, according to the federal housing agency. We are also seeing this in the Ontario market as homes outside of the major cities continue to climb.

 

Strong evidence of problematic conditions persists in Canadian real estate market: CMHC - Vancouver

TORONTO — Strong evidence of problematic conditions continues to exist in the national housing market, as accelerating prices spill out from Canada’s two most expensive cities to surrounding areas, according to the federal housing agency.

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