News: Vancouver Real Estate Market

CMHC Defends Automated Home Price Evaluation System - CBC News

Canada Mortgage and Housing Corporation defended its methodology of evaluating properties on Thursday, after a newspaper report questioned whether the practice has led to artificially inflated home prices.


"CMHC looks at the specific characteristics of the property in question," the federal agency said in a statement Thursday.


The CMHC, which is tasked with overseeing Canada's housing market, said it uses different sources of information to assess the value of a specific property.


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