Canada: Housing Market Showing Signs of Improvement | Issue #120

Canada Mortgage and Housing Corp. sees better housing market conditions than it did 90 days ago but the federal Crown corporation didn’t see enough improvement in the second quarter to remove its red warning label on the country as a whole.

The red tag is the strongest language used by CMHC for what it describes as problematic conditions in the housing market, something it slapped on the overall Canadian market two quarters ago.

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