The Canada Mortgage and Housing Corp. has finally determined that Vancouver’s real estate prices are “overvalued”. The housing corporation has consistently refused to peg the sky-high housing market on the west coast as excessively frothy or due for correction.
http://www.vancouversun.com/business/Barbara+Yaffe+CMHC+arrives+obvious+conclusion+about+Vancouver+real+estate/11490007/story.html
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