Tuesday Dec 07th, 2021


Despite frothy market conditions, the Canadian housing sector is not showing definitive signs of a bubble, according to the previous head of the Canada Mortgage and Housing Corporation.

“If demand is going up and supply is not, prices will go up, that’s not a bubble,” former CMHC chief and current Alberta Investment Management Corporation CEO Evan Siddall said in an interview with CTV. “So it’s a question of what the future brings and whether there will be supply and demand coming back into balance and that’s a crystal ball question.”

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