CMHC’s quarterly housing market assessment highlights markets in Toronto, Hamilton, Vancouver, Victoria and Saskatoon
Toronto hits poorest level ever
Other “bubble risk” cities include Stockholm, Munich, Sydney, London, Hong Kong and Amsterdam
Risks to household wealth, consumer appetite and investment remain.
The new NDP government is also looking at the interest-free loan program for first-time homebuyers and a tax on vacant properties
Supply constraints and stronger economy should lead to a pick up in property prices in the city