Canada's housing market moderately vulnerable, CMHC says in first quarterly report since COVID-19 began

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Canada Mortgage and Housing Corp. says there was some evidence of overvaluation in Canada's housing market this spring amid the COVID-19 pandemic.

The Crown corporation says in cities such as Victoria, Moncton and Halifax, there was a widening gap between the selling price of houses and the price economists would expect, based on population growth, disposable income, mortgage rates and employment.

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Original Article Source Credits:   CBC News ,

Article Written By:  The Canadian Press

Original Article Posted on:  Sep 21, 2020

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