CMHC says low rates won't stress market


Canada's housing market may be "modestly overvalued," according to the CEO of CMHC, but that's no reason to fear a painful crash even after last month's cut in rates.  Evan Siddall, CEO of Canada Mortgage and Housing Corp., says the federal agency's job is to watch for risk factors, but lower rates aren't going to make a big difference.

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Michael James

Michael James

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