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CMHC piercing the housing bubble

The word is that right now CMHC as a crown corporation actively cooperates with the Bank of Canada in slwoing down the housing market in Canada.  As I mentioned in my post on Jan 25, 2010 I had the personal experience where a bona fide purchase in the Toronto area that was listed for $689,000 was sold for $732,000 but CMHC turned around and valued it at $650,000 using their ‘expert’... [Read more]