Foreign buyers may be driving up luxury house prices, CMHC says

[rwana]

http://i.cbc.ca/1.2874979.1418750240!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/condo-realtor-foreign-buyer.jpg The chief executive officer of the Canada Mortgage and Housing Corp. says foreign buyers may be playing a role in overvaluation in the Vancouver and Toronto housing markets and says the federal agency is seeking new data on real estate ownership.


more .... (http://www.cbc.ca/news/business/foreign-buyers-cmhc-1.3313969?cmp=rss)