Discussion: CMHC waiving a red flag nation wide.
'"Home prices have risen ahead of economic fundamentals such as personal disposable income and population growth, resulting in overvaluation in many Canadian housing markets," the CMHC said.'
this is the first time the agency has issued this status nationwide however:
'While waving the red flag about overvaluation, the agency was quick to stress that doesn't necessarily mean that prices are bound to fall, quickly or steeply.'
https://www.google.ca/amp/www.cbc.ca/amp/1.3822175...
How are Canadian RE investors feeling about this? media hype? Too optimistic? somewhere in between?
Do we have a shopping spree on the horizon?