12.10.2012 - CMHC defends automated home price evaluation system
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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