Real estate market news July 28th 2017
CMHC says Montreal's housing market isn't problematic — yet
The CMHC says it's seeing few signs of problematic conditions in the Montreal housing market, but it will be keeping a closer eye on several trends
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Fears grow in Ottawa that Bank of Canada hiked rates too soon
Though Ottawa has steadfastly declined to comment, officials within Trudeau's government fear higher borrowing costs could inadvertently trigger a downturn
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Average price of a Toronto condo cracks $500,000
The average condo cost $532,032 — 28.1 per cent higher than the second quarter last year according to the Toronto Real Estate Board.
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Toronto housing market downturn will be short-lived, CMHC says
In its latest housing market assessment released today, CMHC kept its overall risk rating for the national housing market at strong.
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