14.06.2012 - Where are Canadian real estate prices heading?
In Canada, we think that the relaxation of CMHC mortgage insurance underwriting since 1999 has been central to the strong demand for housing and solid household credit growth. CMHC has artificially boosted household formation rates, reflected by the decade-long upswing in Canada's home ownership rate, to almost 70 per cent from roughly 63 per cent over 10 years ago. This is a big change over such a short period of time...............................................Full Article: Source
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