​CMHC concerned that housing here is more expensive than US

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The Canada Mortgage and Housing Association has expressed concern that homes here remain more expensive than those south of the border. The agency says that it suggests an over-valued Canadian market and it wants to find out why the situation persists. While chief executive Evan Siddall described the housing market as “robust” a month ago CMHC is mindful of the possibility of a sharp correction and the impact that would have especially given Canadians’ high levels of household debt.
  • Adrian on 2014-11-21 10:18:45 AM

    I find this frustrating. Just a week ago I sat through a CMHC housing outlook seminar and listened to a rosy picture being painted. All is good, softening yes but not a correction etc etc.. Then we see these types of headlines.. During the presentation I turned to my table mate and said "they paint a great picture but their actions tell another story". "Agreed" he said. Ugh.

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