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CMHC’s quarterly housing market assessment highlights markets in Toronto, Hamilton, Vancouver, Victoria and Saskatoon

A drop in multi-unit urban starts more than offset an increase in single-detached urban starts

Toronto hits poorest level ever

Other “bubble risk” cities include Stockholm, Munich, Sydney, London, Hong Kong and Amsterdam

Home sales forecast to drop in 2018 to lowest level in three years, says CREA

Risks to household wealth, consumer appetite and investment remain.

CMHC says the annual pace of housing starts in in August increased compared with July

Toronto home sales tank 40% in July

Average home prices are down by almost $175,000 since April

The new NDP government is also looking at the interest-free loan program for first-time homebuyers and a tax on vacant properties

Toronto home sales tank 40% in July

Supply constraints and stronger economy should lead to a pick up in property prices in the city