Read more on this subject: Canada
News Story Source: zerohedge.com by Tyler Durden
In an perculiar coincidence, just hours after Home Capital Group imploded in what we dubbed Canada's "New Century" moment, Canada's housing regulator, the Canada Mortgage And Housing Corporation, which describes itself as "contributing to the stability of the housing market and financial system" moments ago the CMHC issued a report, warning that there is "strong evidence of overall problematic conditions."
In the report, the Housing regulator again warns that while conditions in Canada's housing markets are showing some signs of improvement, the official overall rating from the Canada Mortgage and Housing Corporation (CMHC) will be held at "strong evidence of problematic conditions".
Every quarter, the CMHC issues its Housing Market Assessment (HMA) "to provide Canadians with both expert and impartial insight and analysis, based on the best data available in Canada."
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