CMHC says house prices now have 'modest amount of overvaluation'

CBC NEWS

Canada's housing market looks like it has a "modest amount of overvaluation" in a number of markets, but otherwise there is nothing to worry about the Canada Mortgage and Housing Corporation says.  The CMHC revealed its House Price Analysis and Assessment publicly for the first time on Monday.  It's one of the ways the agency documents its observations on the housing market from time to time, but Monday was the first time it was released to the public.

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