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
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