The drop followed an 11.2% gain the previous month
The market was already cooling when the test was introduced
For immigrant families, housing equity contributed 69% of the growth in average wealth
The agency expects modest falls in home prices in Canada over the next two years
Canadian home prices drop for sixth consecutive month
Four in 10 survey respondents reported that they've been "house poor" at some point
Housing starts climbed to 192,527 units last month, according to CMHC
But prices remain at “crisis levels” in Vancouver and Toronto
Housing starts slumped to 8.7% in February
Measures will aim to make housing more affordable for millennials