Canada housing may be overvalued now but a forecast of slower starts, sales and price acceleration in 2018 and 2019 would cool the market. Photo: Reuters

Overvalued Canada housing market is seen to cool down, says agency

The Canada Mortgage and Housing Corp expects residential construction to level off by the end of 2019; sales to decline slightly in 2018 and 2019 after losing momentum in 2017 on tighter mortgage rules

Topic |   International Property

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Canada housing may be overvalued now but a forecast of slower starts, sales and price acceleration in 2018 and 2019 would cool the market. Photo: Reuters
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