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Five things about the CMHC report: Lots of bidding wars for condos, big price hikes
on Friday, February 9th, 2018 at 10:23am.
It’s what CMHC is calling the “most thorough examination of house price patterns” ever done of the housing market in the country’s five largest cities, including Vancouver. Canada Housing and Mortgage Corp. on Wednesday released a 225-page report called Examining Escalating House Prices in Large Canadian Metropolitan Centres. It was completed to better understand how much prices rose between 2010 and 2016 (in Vancouver, a lot), factors that drove the hikes, why the hikes are important and what can be done about them.
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