CMHC to issue first-ever ‘red’ warning for Canadian housing market: What that means for you

Canadian Mortgage and Housing Corporation CEO Evan Siddall said in an op-ed in the Globe and Mail this week that for the first time ever, the federal agency will be issuing a “red” level warning for the entire Canadian housing market. The announcement will come in CMHC’s quarterly Housing Market Assessment on Oct. 26. According to CMHC, a “red” warning indicates evidence of problematic...

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