CMHC says the annual pace of housing starts in in August increased compared with 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
Supply constraints and stronger economy should lead to a pick up in property prices in the city
Evidence of problematic conditions is apparent in Toronto, Hamilton and Vancouver
Among the Big Six banks, CIBC is more exposed to a housing downturn
The company is making efforts to restore market confidence following allegations that it misled investors
Key features of the Canadian sector will protect it from suffering a repeat of the U.S. housing crisis, report says
The pace of urban starts fell 10.2% during the month
Banks could be more heavily impacted in the event of an adverse unemployment shock or rapid rise in interest rates