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CMHC defends automated home price evaluation system

Posted on 12 October 2012

Canada Mortgage and Housing Corporation defended its methodology of evaluating properties on Thursday, after a newspaper report questioned whether the practice has led to artificially inflated home prices.
“CMHC looks at the specific characteristics of the property in question,” the federal agency said in a statement Thursday. The CMHC, which is tasked with overseeing Canada’s housing market, said it uses different sources of information to assess the value of a specific property………………………………………..Full Article: Source

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