What bubble? CMHC dismisses fears of a housing market bust
“The Canada Mortgage and Housing Corporation issued its annual report on Tuesday, dismissing fears of a housing bubble in the country. The CMHC’s conclusion on the state of the current housing market is that “clear evidence of a bubble is lacking” The report also showed housing starts rose 14% in April. The key lending rate is unchanged at 1% since September 2010 in the longest pause since the 1950’s”
Doom and gloom takes a back seat to the numbers ! With the historic free trade agreement with Europe ,the long term future looks even brighter to this writer