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
[:en]Read the full article[:fr]Lire l'article[:]
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
[:en]Read the full article[:fr]Lire l'article[:]/https://www.thestar.com/content/dam/thestar/business/2017/07/26/toronto-condos-defy-overall-real-estate-market-slump/condos-resale.jpg)
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.
[:en]Read the full article[:fr]Lire l'article[:]/https://www.thestar.com/content/dam/thestar/business/real_estate/2017/07/26/cmhc-maintains-strong-risk-rating-for-national-real-estate-market/toronto-house.jpg)
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.
[:en]Read the full article[:fr]Lire l'article[:]