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Say what?
The market continues to see moderate price acceleration and overvaluation due to low supply, despite record level construction.”
Eric Bond, Principal Market Analyst (Vancouver) CMHC, July 26, 2017 News Release Here
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Really? Price acceleration and real estate overvaluation is moderate?
According to the data collected from real estate boards and CMHC to create the charts in this site, here are the price increases over the last 10 years of Single Family Detached houses to June 2017:
The "peaks" in "moderation" over 10 years of Single Family Detached house prices were:
CMHC and the Bank of Canada as federal government agents along with provincial, municipal and the banking and finance industry agents have wrecked the Canadian housing market by permitting the wholesale flipping of properties and the entrance of off-shore speculators into the Canadian housing supply stock.
According to the data collected from real estate boards and CMHC to create the charts in this site, here are the price increases over the last 10 years of Single Family Detached houses to June 2017:
The "peaks" in "moderation" over 10 years of Single Family Detached house prices were:
- Vancouver 183% at JAN 2012
- Calgary 135% at SEP 2014
- Toronto 167% at MAR 2017
CMHC and the Bank of Canada as federal government agents along with provincial, municipal and the banking and finance industry agents have wrecked the Canadian housing market by permitting the wholesale flipping of properties and the entrance of off-shore speculators into the Canadian housing supply stock.
- How Canada completely lost its mind over real estate, Macleans April 7, 2017
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