CMHC released its quarterly Housing Market Assessment for the St. John’s area, Friday October 26th. The message “There are no significant signs of overheating, price acceleration, overvaluation or overbuilding in the St. John’s area housing market. Housing market activity is generally in line with population, income and employment dynamics. The year-to-date performance of these market drivers is slightly increasing and may lead to increased housing activity going forward.” according to Chris Janes, Senior CMHC Analyst.
For the full report see below or click on the link provided: